LABOR OF LOVE ASSOCIATION (EIN 721579951) - 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

2004

Legal Domicile

Principal Officer

GAYLE WHETTEN

Phone

8019600126

Tax Period

2024-12-31 to 2024-12-31

LABOR OF LOVE ASSOCIATION, founded in 2004, is a micro nonprofit in the Human Services sector that reported $31K in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $48K exceeded revenue, resulting in a 55% operating deficit.

Mission

PROVIDED EDUCATIONAL SERVICES TO 104 BENEFICIARIES AND THEIR FAMILIES. THE SERVICES INCLUDE BASIC OPERATING EXPENSES,EDUCATIONAL PROGRAM AND SUPPLIES FOR LA GAVIOTA A SCHOOL FOR PERSONS WITH DISABILITIES.

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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 $31,022

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $31,022

Expense Breakdown

Grants Paid $18,000

Salaries & Benefits $0

Fundraising Expenses $30,193

Program Expenses $30,198

Other Expenses $28,131

TOTAL EXPENSES $48,198

Year-over-Year Comparison

	2024	2023	Change
Revenue	$31,022	$43,119	-0.3%
Expenses	$48,198	$75,708	-0.4%
Net Income	$-17,176	$-32,589	-0.5%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWARD WHETTEN	PRESIDENT	020.00	Director	$0	$0	$0
DOUGLAS WHETTEN	VICE PRESIDENT	001.00		$0	$0	$0
GAYLE WHETTEN	SECRETARY	040.00		$0	$0	$0
LESLIE TAYLOR	BOARD MEMBER	000.00		$0	$0	$0
KATHY JO FACTEAU	BOARD MEMBER	000.00		$0	$0	$0
GERALD BARBER	BOARD MEMBER	000.00		$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	$31,022	$48,198	$8,613	$-17,176

LABOR OF LOVE ASSOCIATION