THE LOVE KITCHEN INC (EIN 621448193) - 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

1990

Legal Domicile

Principal Officer

MARTIN RIGGINS

Phone

8655463248

Tax Period

2024-01-01 to 2024-12-31

THE LOVE KITCHEN INC, founded in 1990, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $439K in total revenue in fiscal year 2024. The organization ran a surplus of $138K, a strong 32% operating margin.

Mission

THE ORGANIZATION PROVIDES FREE HOT MEALS AND EMERGENCY FOOD PACKAGES TO APPROXIMATELY 2,300 LOW - INCOME PEOPLE ON A WEEKLY BASIS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $415,367

Program Service Revenue $0

Investment Income $23,186

Other Revenue $0

TOTAL REVENUE $438,553

Expense Breakdown

Grants Paid $0

Salaries & Benefits $120,671

Fundraising Expenses $0

Program Expenses $288,900

Other Expenses $179,669

TOTAL EXPENSES $300,340

Year-over-Year Comparison

	2024	2023	Change
Revenue	$438,553	$425,063	+0.0%
Expenses	$300,340	$312,303	0.0%
Net Income	$138,213	$112,760	+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

Governance

Voting Members

Independent Members

Employees

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

Total Directors

$57,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARTIN RIGGINS	EXECUTIVE DI	40.00	Director	$57,200	$0	$57,200
GREG BAIRD	BOARD MEMBER	N/A	Director	$0	$0	$0
SUSAN BAKER	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
MARY ANN FENNELL	TREASURER	N/A	Officer Director	$0	$0	$0
SUSAN GRIMES	BOARD MEMBER	N/A	Director	$0	$0	$0
BRYCE MCKENZIE	SECRETARY	N/A	Officer Director	$0	$0	$0
TYLER MOTTERN	BOARD MEMBER	N/A	Director	$0	$0	$0
JEFFREY REID	BOARD MEMBER	N/A	Director	$0	$0	$0
ERNIE ROBERTS	PRESIDENT	N/A	Officer Director	$0	$0	$0
TONIA ROBINSON	BOARD MEMBER	N/A	Director	$0	$0	$0
SABRINA WILSON	BOARD MEMBER	N/A	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	$438,553	$300,340	$1,131,746	$138,213
2023	$425,063	$312,303	$984,629	$112,760
2022	$638,455	$284,589	$863,276	$353,866
2021	$634,135	$315,926	$646,492	$318,209
2020	$418,544	$310,131	$328,293	$108,413

THE LOVE KITCHEN INC