LOVE OUT LOUD

EIN: 474085418 501(c)(3) Human Services

WINSTON SALEM, NC

Total Revenue
$1,225,419
Total Expenses
$1,288,680
Total Assets
$1,473,597
Net Assets
$1,421,348
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
NC
Principal Officer
RANDELL CAIN
Phone
3367473067
Tax Period
2023-01-01 to 2023-12-31

LOVE OUT LOUD, founded in 2015, is a community nonprofit in the Human Services sector that reported $1.2M in total revenue in fiscal year 2023.

Mission

LOVE OUT LOUD CONNECTS AND MOBILIZES PEOPLE AND RESOURCES TO TRANSFORM OUR CITY WITH THE LOVE OF JESUS. LOVE OUT LOUD IS A NETWORK OF CHURCHES, GROUPS, AND INDIVIDUALS LIVING OUT CHRIST'S CALL TO LOVE OUR NEIGHBOR. LOVE OUT LOUD PARTNERS WITH ANYONE WORKING FOR THE FLOURISHING OF OUR COMMUNITY-INCLUDING WELL OVER 150 FAITH-GROUPS, 300 NONPROFITS AND OTHER COMMUNITY ORGANIZATIONS, AS WELL AS SEVERAL HUNDRED BUSINESSES. IN THE PROCESS, LOVE OUT LOUD WORKS TO FIND ALIGNMENT ACROSS ALL OF THESE EFFORTS IN ORDER TO MAXIMIZE COMMUNITY RESOURCES WHILE MOBILIZING THOUSANDS OF VOLUNTEERS IN THEIR UNIQUE PASSIONS AND 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 $1,193,449
Program Service Revenue $6,808
Investment Income $33,018
Other Revenue $-7,856
TOTAL REVENUE $1,225,419

Expense Breakdown

Grants Paid $0
Salaries & Benefits $540,006
Fundraising Expenses $17,015
Program Expenses $1,179,699
Other Expenses $748,674
TOTAL EXPENSES $1,288,680

Year-over-Year Comparison

2023 2022 Change
Revenue $1,225,419 $1,208,825 +0.0%
Expenses $1,288,680 $1,260,261 +0.0%
Net Income $-63,261 $-51,436 +0.2%
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

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Governance

Voting Members
8
Independent Members
8
Employees
10
Volunteers
4000

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
4
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ENRIQUE CATANA BOARD MEMBER 1.00
Director
$0 $0 $0
DEREK HICKS BOARD MEMBER 1.00
Director
$0 $0 $0
CARMEN PALMER BOARD CHAIR 2.00
Officer Director
$0 $0 $0
JIM ROCHESTER TREASURER 2.00
Officer Director
$0 $0 $0
GLORIA SAMUELS SECRETARY 2.00
Officer Director
$0 $0 $0
JUAN SUAREZ BOARD MEMBER 1.00
Director
$0 $0 $0
TERRY WILLIAMS VICE BOARD C 2.00
Officer Director
$0 $0 $0
YASSER YOUSEFF BOARD MEMBER 1.00
Director
$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 $1,225,419 $1,288,680 $1,473,597 $-63,261
2022 $1,208,825 $1,260,261 $1,492,824 $-51,436
2021 $831,757 $926,486 $1,542,704 $-94,729
2020 $1,189,765 $1,025,113 $1,637,466 $164,652
2019 $1,073,396 $778,881 $1,474,995 $294,515
2018 $539,050 $446,987 $174,484 $92,063
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