LOVE LIFE FOUNDATION C/O MAYLEE THOMAS

EIN: 752785072 501(c)(3) Human Services

MCKINNEY, TX

Total Revenue
$508,597
Total Expenses
$389,712
Total Assets
$474,116
Net Assets
$474,116
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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
1998
Legal Domicile
TX
Principal Officer
MAYLEE THOMAS
Phone
4694501242
Tax Period
2024-01-01 to 2024-12-31

LOVE LIFE FOUNDATION C/O MAYLEE THOMAS, founded in 1998, is a small nonprofit in the Human Services sector that reported $509K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $119K, a strong 23% operating margin.

Mission

PROVIDE OPERATING EXPS TO WOMENS/CHILDREN SHELTERS

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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 $508,597
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $508,597

Expense Breakdown

Grants Paid $190,223
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $389,712
Other Expenses $199,489
TOTAL EXPENSES $389,712

Year-over-Year Comparison

2024 2023 Change
Revenue $508,597 $460,270 +0.1%
Expenses $389,712 $427,496 -0.1%
Net Income $118,885 $32,774 +2.6%
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
4
Independent Members
4
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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JANA CONDREN DIRECTOR N/A
Director
$0 $0 $0
GEORGE FULLER DIRECTOR N/A
Director
$0 $0 $0
MAYLEE THOMAS PRESIDENT 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
2024 $508,597 $389,712 $474,116 $118,885
2023 $460,270 $427,496 $355,231 $32,774
2022 $735,206 $716,890 $308,384 $18,316
2021 $853,268 $676,344 $290,068 $176,924
2020 $475,440 $471,951 $113,144 $3,489
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