THE LOVE STATION INC (EIN 731357030) - 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

1992

Legal Domicile

Principal Officer

Doyle Brewer

Phone

8003248488

Tax Period

2023-01-01 to 2023-12-31

THE LOVE STATION INC, founded in 1992, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.0M in total revenue in fiscal year 2023. Net assets of $4.9M represent 29 months of operating reserves.

Mission

To serve Christ through the ministry of Christian radio for the glory of God, to evangelize our area to unify the body of Christ without compromise through music and ministry. Our purpose is to provide listeners with an alternative to secular music, keeping hearts and minds focused on the Lord.

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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 $1,861,377

Program Service Revenue $0

Investment Income $65,171

Other Revenue $114,445

TOTAL REVENUE $2,040,993

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,074,528

Fundraising Expenses $157,491

Program Expenses $1,489,683

Other Expenses $896,385

TOTAL EXPENSES $2,041,836

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,040,993	$2,072,151	0.0%
Expenses	$2,041,836	$2,187,864	-0.1%
Net Income	$-843	$-115,713	-1.0%

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

110

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

$224,294

Total Directors

$171,420

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tony Weir	CEO	40	Officer Director	$94,718	$30,283	$125,001
Christy Whiles	Assistant Treasurer/Accounts Manager	40	Officer	$49,881	$2,993	$52,874
Doyle Brewer	Founder/President/Director	8	Officer Director	$21,179	$25,240	$46,419
Steve Avampato	Vice President/Director	0.5	Officer Director	$0	$0	$0
Larry East	Treasurer/Director	0.5	Officer Director	$0	$0	$0
Lori Olmstead	Secretary	0.5	Officer Director	$0	$0	$0
Nancy Brewer	Assistant Secretary	0.5	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	$2,040,993	$2,041,836	$4,860,431	$-843
2022	$2,072,151	$2,187,864	$4,861,274	$-115,713
2021	$2,048,106	$1,962,900	$4,976,987	$85,206
2020	$2,161,704	$1,911,754	$4,891,781	$249,950

THE LOVE STATION INC