LOVE IT ONCE MORE INC

EIN: 810690354 501(c)(3) Philanthropy & Grantmaking

CLINTON, IL

Total Revenue
$236,813
Total Expenses
$241,819
Total Assets
$23,762
Net Assets
$23,762
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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
2016
Legal Domicile
IL
Principal Officer
KONI LOVETT
Phone
2179354208
Tax Period
2025-01-01 to 2025-12-31

LOVE IT ONCE MORE INC, founded in 2016, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $237K in total revenue in fiscal year 2025.

Mission

TO BRING THE COMMUNITY TOGETHER TO PROVIDE GENTLY USED CLOTHING AND HOUSEHOLD ITEMS AT REASONABLE PRICES AND TO PROVIDE VOLUNTEER OPPORTUNITIES TO PEOPLE OF ALL AGES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $236,813
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $236,813

Expense Breakdown

Grants Paid $0
Salaries & Benefits $179,920
Fundraising Expenses $0
Program Expenses $241,819
Other Expenses $61,899
TOTAL EXPENSES $241,819

Year-over-Year Comparison

2025 2024 Change
Revenue $236,813 $236,961 0.0%
Expenses $241,819 $253,774 0.0%
Net Income $-5,006 $-16,813 -0.7%
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
1
Employees
8
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
4
$96,728
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MELANIE KINNEY Vice President 40.00
Director
$53,828 $0 $53,828
KONI LOVETT President 40.00
Director
$42,000 $0 $42,000
KENNETH LOVETT Treasurer 5.00
Director
$900 $0 $900
CHARLOTTE RITTER Secretary 0.00
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 $236,813 $241,819 $23,762 $-5,006
2024 $236,961 $253,774 $28,768 $-16,813
2023 $216,821 $212,513 $45,581 $4,308
2022 $207,395 $217,608 $41,273 $-10,213
2021 $226,194 $182,430 $51,486 $43,764
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