LOVE AND CARE INC

EIN: 550612219 501(c)(3)

PARKERSBURG, WV

Total Revenue
$660,507
Total Expenses
$750,069
Total Assets
$269,566
Net Assets
$205,736
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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
1982
Principal Officer
DAVID HAMM
Phone
3048638950
Tax Period
2024-01-01 to 2024-12-31

LOVE AND CARE INC, founded in 1982, is a small nonprofit that reported $661K in total revenue in fiscal year 2024. Expenses of $750K exceeded revenue, resulting in a 14% operating deficit.

Mission

PERSONAL CARE HOME

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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 (2024)

Revenue Breakdown

Contributions & Grants $71,805
Program Service Revenue $515,843
Investment Income $34,289
Other Revenue $38,570
TOTAL REVENUE $660,507

Expense Breakdown

Grants Paid $0
Salaries & Benefits $582,233
Fundraising Expenses $0
Program Expenses $750,069
Other Expenses $167,836
TOTAL EXPENSES $750,069

Year-over-Year Comparison

2024 2023 Change
Revenue $660,507 $618,165 +0.1%
Expenses $750,069 $691,093 +0.1%
Net Income $-89,562 $-72,928 +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
7
Independent Members
7
Employees
29
Volunteers
N/A

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
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LES COCHRAN MEMBER N/A
Director
$0 $0 $0
JIM GALLOWAY MEMBER N/A
Director
$0 $0 $0
PAUL SAUNDERS MEMBER N/A
Director
$0 $0 $0
DAVID HAMM TREASURER N/A
Officer
$0 $0 $0
CHARLES HILL VICE PRESIDE N/A
Officer
$0 $0 $0
CLAYTON HUBER SECRETARY N/A
Officer
$0 $0 $0
TODD KIRK PRESIDENT N/A
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 $660,507 $750,069 $269,566 $-89,562
2023 $618,165 $691,093 $327,521 $-72,928
2022 $575,862 $621,952 $383,482 $-46,090
2022 $578,976 $621,952 $388,310 $-42,976
2021 $626,682 $676,284 $419,835 $-49,602
2020 $606,491 $580,863 $561,760 $25,628
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