LOVE INC OF MID DELMARVA INC (EIN 510583444) - Form 990 Financial Analysis & Trantor Score

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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

2006

Legal Domicile

Principal Officer

JEFF BANNING

Phone

3027451935

Tax Period

2023-01-01 to 2023-12-31

LOVE INC OF MID DELMARVA INC, founded in 2006, is a small nonprofit in the Religion sector that reported $480K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $748K exceeded revenue, resulting in a 56% operating deficit.

Mission

TO ORGANIZE AND COORDINATE CHURCHES IN THE MID-DELMARVA COMMUNITY TO RESPOND TO INDIVIDUAL, FAMILY AND PROJECT NEEDS IN THE NAME OF CHRIST. TO FASHION A COOPERATIVE HELPING RELATIONSHIP BETWEEN AREA AGENCIES AND CHURCHES, GENERATE UNTAPPED CHURCH RESOURCES TO MEET COMMUNITY NEEDS, DEVELOP A CLEARINGHOUSE TO SCREEN NEEDS, USE COMMUNITY RESOURCES, AND, AS IT MATURES, OTHER INITIATIVES NECESSARY TO MEET NEEDS.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $477,406

Program Service Revenue $0

Investment Income $0

Other Revenue $2,730

TOTAL REVENUE $480,136

Expense Breakdown

Grants Paid $0

Salaries & Benefits $387,628

Fundraising Expenses $0

Program Expenses $748,283

Other Expenses $360,655

TOTAL EXPENSES $748,283

Year-over-Year Comparison

	2023	2022	Change
Revenue	$480,136	$414,520	+0.2%
Expenses	$748,283	$573,659	+0.3%
Net Income	$-268,147	$-159,139	+0.7%

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

Volunteers

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
GREG JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
LOUIS OWENS	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS DUKES	BOARD MEMBER	5.00	Director	$0	$0	$0
RONDA BANNING	BOARD MEMEBR	10.00	Director	$0	$0	$0
JEFF BANNING	PRESIDENT	15.00	Director	$0	$0	$0
ROBERT HEMMEN	TREASURER	15.00	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	$480,136	$748,283	$1,017,766	$-268,147
2022	$414,520	$573,659	$1,281,970	$-159,139
2021	$594,150	$398,555	$1,423,909	$195,595
2020	$1,268,182	$303,055	$1,231,031	$965,127

LOVE INC OF MID DELMARVA INC