Love Outreach Food Pantry Inc (EIN 541475154) - 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

1993

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

Love Outreach Food Pantry Inc, founded in 1993, is a small nonprofit in the Human Services sector that reported $176K in total revenue in fiscal year 2020. The organization ran a surplus of $113K, a strong 64% operating margin.

Mission

Provide monthly meals to needy and elderly in a safe environment, promoting an environment where individuals can get a nutritious meal and visit with others

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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 $125,339

Program Service Revenue $0

Investment Income $42,415

Other Revenue $0

TOTAL REVENUE $167,754

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $175,891

Other Expenses $180,632

TOTAL EXPENSES $180,632

Year-over-Year Comparison

	2023	2022	Change
Revenue	$167,754	$188,537	-0.1%
Expenses	$180,632	$124,653	+0.4%
Net Income	$-12,878	$63,884	-1.2%

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

Governance

Voting Members

Independent Members

N/A

Employees

N/A

Volunteers

118

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
Laurie Herndon	Board Member	1.00	Director	$0	$0	$0
Steve Herndon	Board Member	1.00	Director	$0	$0	$0
Michael Jackson	Board Member	2.00	Director	$0	$0	$0
Richard Carey	Board Member	0.00	Director	$0	$0	$0
Martha Nichoilson	Board Member	1.00	Director	$0	$0	$0
Joann Tolbert	Director	20.00	Officer	$0	$0	$0
Michelle Carey	SecretaryTreasurer	15.00	Officer	$0	$0	$0
Perry Marshman	Board Member	1.00	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	$167,754	$180,632	$650,193	$-12,878
2022	$188,537	$124,653	$701,115	$63,884
2021	$200,734	$84,936	$609,447	$115,798
2020	$175,815	$62,510	$502,802	$113,305

Love Outreach Food Pantry Inc