LOVE INC OF THE BLACK HILLS

EIN: 460460539 501(c)(3) Religion

RAPID CITY, SD

Total Revenue
$1,103,867
Total Expenses
$971,088
Total Assets
$3,754,328
Net Assets
$3,024,601
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
SD
Principal Officer
HOLLIE STRAND
Phone
6057185683
Tax Period
2023-01-01 to 2023-12-31

LOVE INC OF THE BLACK HILLS, founded in 2001, is a community nonprofit in the Religion sector that reported $1.1M in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. Expenses of $971K left a modest 12% surplus.

Mission

MOBILIZING CHURCHES TO TRANSFORM LIVES AND COMMUNITIES IN THE NAME OF CHRIST

Program Service Accomplishments

Program 1
Expenses: $312,116 Revenue: $175,798

THRIVE & RISE: RISE: IS A MINISTRY THAT ALLOWS THE PARTICIPANTS FROM OUR CONNECTION CENTER SEEKING HELP WITH FURNITURE NEEDS TO EARN FURNITURE. THEY JOIN A TEAM OF VOLUNTEERS WHO REFURBISH DONATED...

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THRIVE & RISE: RISE: IS A MINISTRY THAT ALLOWS THE PARTICIPANTS FROM OUR CONNECTION CENTER SEEKING HELP WITH FURNITURE NEEDS TO EARN FURNITURE. THEY JOIN A TEAM OF VOLUNTEERS WHO REFURBISH DONATED FURNITURE AS WELL AS UPDATING AND REPURPOSING DECOR ITEMS. THE INVENTORY CONSISTS OF ITEMS THAT WERE EITHER TOO LARGE OR SIMPLY INPRACTICAL FOR OUR CLIENTS' USE. THIS FURNITURE AND DCOR ARE BEING REFURBISHED AND MAKE INTO ITEMS THAT ARE SOLD IN OUR SOCIAL ENTERPRISE. IN 2023, 93 PARTICIPANTS EARNED NEW FURNITURE FOR THEIR HOME. OUR VOLUNTEERS SERVED OVER 7,210 HOURS IN THIS MINISTRY.LIFE INC: LIFE INC IS A SAFE, SUPPORTIVE PLACE FOR PEOPLE TO LEARN, GROW AND DEVELOP IN ORDER TO SET A NEW COURSE FOR THEIR LIFE. LIFE INC USES CLASSES AND MENTORING TO HELP PEOPLE. AREA CHURCHES PROVIDE A FREE MEAL. FREE CHILDCARE PROGRAMMING IS PROVIDED FOR OVER 200 CHILDREN AGES 0-12. IN 2023, THERE WERE 255 ADULTS TAKING PART IN CLASSES. VOLUNTEERS PROVIDED 2000 HOURS OF THEIR TIME. PARTICIPANTS EARNED $12,780 IN GAS VOUCHERS, HAIRCUTS, AND RISE AND THRIVE VOUCHERS. WE OFFERED LIFE INC QUARTERLY AT 5 DIFFERENT CHURCH CAMPUSES, PROVIDING TWENTY-ONE DIFFERENT COURSE OFFERINGS IN AREAS SUCH AS FINANCES, PATENTING, MARRIAGE, ADDICTION, EMPLOYMENT, HEALTH, BIBLE, AND LIFE SKILLS.

Program 2
Expenses: $202,270

LOVE INC CONNECTION CENTER: THE LOVE INC CONNECTION CENTER (FORMERLY CALLED THE CLEARINGHOUSE) PROCESSES PEOPLE'S CALLS FOR HELP. FIRST, PHONE VOLUNTEERS TAKE TIME TO LISTEN, ENCOURAGE, PRAY FOR AND...

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LOVE INC CONNECTION CENTER: THE LOVE INC CONNECTION CENTER (FORMERLY CALLED THE CLEARINGHOUSE) PROCESSES PEOPLE'S CALLS FOR HELP. FIRST, PHONE VOLUNTEERS TAKE TIME TO LISTEN, ENCOURAGE, PRAY FOR AND PROBLEM SOLVE WITH EACH CALLER. NEXT, PEOPLE ARE CONNECTED WITH CHURCH VOLUNTEERS AND RESOURCES TO HELP WITH FURNITURE, BEDDING, AND KITCHEN ITEMS. THE TOTAL VALUE OF ITEMS GIVEN WAS $97,736. VOLUNTEERS SERVED 3,962 HOURS HELPING IN THESE PROGRAMS.

Program 3
Expenses: $202,133

LIFE INC: LIFE INC IS A SAFE, SUPPORTIVE PLACE FOR PEOPLE TO LEARN, GROW AND DEVELOP IN ORDER TO SET A NEW COURSE FOR THEIR LIFE. LIFE INC USES CLASSES AND MENTORING TO HELP PEOPLE. AREA CHURCHES...

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LIFE INC: LIFE INC IS A SAFE, SUPPORTIVE PLACE FOR PEOPLE TO LEARN, GROW AND DEVELOP IN ORDER TO SET A NEW COURSE FOR THEIR LIFE. LIFE INC USES CLASSES AND MENTORING TO HELP PEOPLE. AREA CHURCHES PROVIDE A FREE MEAL. FREE CHILDCARE PROGRAMMING IS PROVIDED FOR OVER 200 CHILDREN AGES 0-12. IN 2023, THERE WERE 255 ADULTS TAKING PART IN CLASSES. VOLUNTEERS PROVIDED 2000 HOURS OF THEIR TIME. PARTICIPANTS EARNED $190 IN GAS VOUCHERS AND GROCERIES. WE OFFERED LIFE INC QUARTERLY AT 5 DIFFERENT CHURCH CAMPUSES, PROVIDING TWENTY-ONE DIFFERENT COURSE OFFERINGS IN AREAS SUCH AS FINANCES, PATENTING, MARRIAGE, ADDICTION, EMPLOYMENT, HEALTH, BIBLE, AND LIFE SKILLS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $921,472
Program Service Revenue $0
Investment Income $16,699
Other Revenue $165,696
TOTAL REVENUE $1,103,867

Expense Breakdown

Grants Paid $0
Salaries & Benefits $624,406
Fundraising Expenses $42,712
Program Expenses $849,263
Other Expenses $346,682
TOTAL EXPENSES $971,088

Year-over-Year Comparison

2023 2022 Change
Revenue $1,103,867 $1,163,570 -0.1%
Expenses $971,088 $902,587 +0.1%
Net Income $132,779 $260,983 -0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Governance

Voting Members
10
Independent Members
10
Employees
17
Volunteers
182

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$86,894
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PETER JENSEN PRESIDENT 8.00
Officer Director
$0 $0 $0
HOLLIE STRAND VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
FRANCES BECKER SECRETARY 2.00
Officer Director
$0 $0 $0
KIM REED TREASURER 2.00
Officer Director
$0 $0 $0
CRAIG MOORE MEMBER 2.00
Director
$0 $0 $0
MARY HENSLEY MEMBER 2.00
Director
$0 $0 $0
MICHAEL KEEGAN MEMBER 2.00
Director
$0 $0 $0
NATALIE CUTLER MEMBER 2.00
Director
$0 $0 $0
DONNA LARSON MEMBER 2.00
Director
$0 $0 $0
DEB HOLLAND MEMBER 2.00
Director
$0 $0 $0
JOHN LIGTENBERG EXECUTIVE DIRECTOR 40.00
Officer
$86,894 $0 $86,894
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $1,103,867 $971,088 $3,754,328 $132,779
2022 $1,163,570 $902,587 $3,711,728 $260,983
2021 $934,160 $826,686 $3,509,650 $107,474
2020 $1,127,788 $684,721 $3,469,659 $443,067
2019 $1,280,161 $539,172 $3,221,610 $740,989
2018 $1,455,018 $599,061 $2,299,652 $855,957
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