The Love Quilt Project Inc (EIN 465439225) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2014

Legal Domicile

Principal Officer

Gretchen Ginnerty

Phone

7032448499

Tax Period

2023-01-01 to 2023-12-31

The Love Quilt Project Inc, founded in 2014, is a micro nonprofit in the International Affairs sector that reported $60K in total revenue in fiscal year 2020. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $32K, a strong 54% operating margin.

Mission

To provide educatiional support to at-risk South African and American children living in foster care, and to provide Love Quilts to each child that we support.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $42,053

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $42,053

Expense Breakdown

Grants Paid $22,698

Salaries & Benefits $7,964

Fundraising Expenses $7,606

Program Expenses $27,432

Other Expenses $12,866

TOTAL EXPENSES $43,528

Year-over-Year Comparison

	2023	2022	Change
Revenue	$42,053	$33,440	+0.3%
Expenses	$43,528	$59,496	-0.3%
Net Income	$-1,475	$-26,056	-0.9%

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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

1000

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Gretchen Ginnerty	President	008.00	Officer Director	$0	$0	$0
William Montgomery	Vice President	006.00	Officer Director	$0	$0	$0
Jenni Knittig	Secretary	002.00	Officer Director	$0	$0	$0
Luke Knittig	Director	001.00	Director	$0	$0	$0
Jeanne Phillips	Director	001.00	Director	$0	$0	$0
Sylvia Stephens	Director	001.00	Director	$0	$0	$0
Jenifer Gamber	Director	000.25	Director	$0	$0	$0
Kevin Ginnerty	Treasurer	001.00	Officer	$0	$0	$0

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	$42,053	$43,528	$35,961	$-1,475
2022	$33,440	$59,496	$37,435	$-26,056
2021	$110,691	$100,429	$63,491	$10,262
2020	$59,766	$27,412	$65,544	$32,354

The Love Quilt Project Inc