Loving Food Resources Inc (EIN 561823591) - 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

1991

Legal Domicile

Principal Officer

Paul Davis CPA

Phone

8282559282

Tax Period

2023-07-01 to 2024-06-30

Loving Food Resources Inc, founded in 1991, is a small nonprofit that reported $591K in total revenue in fiscal year 2023.

Mission

The mission of Loving Food Resources (LFR) is to provide food, health, and personal care items to people in 18 counties of WNC who are living with HIV/AIDS or who are in Home Hospice care regardless of diagnosis.

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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 $570,357

Program Service Revenue $0

Investment Income $8,512

Other Revenue $12,493

TOTAL REVENUE $591,362

Expense Breakdown

Grants Paid $392,065

Salaries & Benefits $103,676

Fundraising Expenses $23,742

Program Expenses $551,766

Other Expenses $118,481

TOTAL EXPENSES $618,222

Year-over-Year Comparison

	2023	2022	Change
Revenue	$591,362	$600,177	0.0%
Expenses	$618,222	$471,883	+0.3%
Net Income	$-26,860	$128,294	-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

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

$68,189

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brent Wyatt	Executive Director	40.00	Officer	$68,189	$0	$68,189
Jeff Scoltock	President	0.25	Officer Director	$0	$0	$0
Darryl Hansome	Vice-President	0.25	Officer Director	$0	$0	$0
Virginia Bower	Secretary	0.25	Officer Director	$0	$0	$0
Paul Davis CPA	Treasurer	0.25	Officer Director	$0	$0	$0
Mark Holmes	Board Member	0.25	Director	$0	$0	$0
Joe Elliott	Board Member	0.25	Director	$0	$0	$0
Chris Stroup	Board Member	0.25	Director	$0	$0	$0
Jordan Chase Harless	Board Member	0.25	Director	$0	$0	$0
Jeffrey Long	Board Member	0.25	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
2025	No data	No data	No data	No data
2024	$591,362	$618,222	$530,291	$-26,860
2023	$600,177	$471,883	$555,343	$128,294
2022	$536,100	$487,431	$428,438	$48,669
2021	$696,397	$532,001	$376,698	$164,396
2020	$408,449	$374,609	$229,015	$33,840
2019	$390,843	$307,179	$177,630	$83,664
2018	$295,665	$293,888	$85,873	$1,777

Loving Food Resources Inc