LOVIN LIFE INC

EIN: 810868414 501(c)(3) Religion

Victoria, MN

Total Revenue
$393,037
Total Expenses
$344,581
Total Assets
$340,247
Net Assets
$287,727
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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
MN
Principal Officer
Zane Black
Tax Period
2024-01-01 to 2024-12-31

LOVIN LIFE INC, founded in 2016, is a small nonprofit in the Religion sector that reported $393K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $345K left a modest 12% surplus.

Mission

Inspiring students to live life to the fullest.

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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 $243,182
Program Service Revenue $86,595
Investment Income $18
Other Revenue $63,242
TOTAL REVENUE $393,037

Expense Breakdown

Grants Paid $600
Salaries & Benefits $26,505
Fundraising Expenses $10,205
Program Expenses $287,516
Other Expenses $317,476
TOTAL EXPENSES $344,581

Year-over-Year Comparison

2024 2023 Change
Revenue $393,037 $315,082 +0.2%
Expenses $344,581 $217,200 +0.6%
Net Income $48,456 $97,882 -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

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Governance

Voting Members
3
Independent Members
2
Employees
N/A
Volunteers
5

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
2
$26,505
Total Directors
3
$26,505
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Zane Black Founder, Board Member, President 20
Officer Director
$26,505 $0 $26,505
Josh Morris Treasurer 2
Officer Director
$0 $0 $0
Jacob Verdoorn Board Member 1
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 $393,037 $344,581 $340,247 $48,456
2023 $315,082 $217,200 $266,295 $97,882
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