LOVE LUCK AND FAITH FOUNDATION

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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

2018

Legal Domicile

Principal Officer

RICHELIEU W DENNIS JR

Phone

2126840199

Tax Period

2023-01-01 to 2023-12-31

LOVE LUCK AND FAITH FOUNDATION, founded in 2018, is a micro nonprofit in the Education sector that reported $5K in total revenue in fiscal year 2023. Revenue surged 87% from the prior year, signaling strong growth momentum. Expenses of $136K exceeded revenue, resulting in a 2409% operating deficit.

Mission

TO ENCOURAGE THE PARTICIPATION OF LOW INCOME AND OTHERWISE MARGINALIZED CHILDREN AND TEENS IN STEM (SCIENCE, TECHNOLOGY, ENGINEERING, AND MATHEMATICS) SUBJECTS AND ACTIVITIES.

Program Service Accomplishments

Program 1

THE FOUNDATION PLANS TO PROVIDE HANDS-ON STEM-RELATED EDUCATIONAL ACTIVITIES GEARED TOWARD LOW INCOME AND OTHERWISE MARGINALIZED CHILDREN AND TEENS.

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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 $0

Program Service Revenue $0

Investment Income $5,411

Other Revenue $0

TOTAL REVENUE $5,411

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $135,742

TOTAL EXPENSES $135,742

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,411	$2,900	+0.9%
Expenses	$135,742	$89,804	+0.5%
Net Income	$-130,331	$-86,904	+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

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
RICHELIEU W DENNIS JR	PRESIDENT	2.00	Officer Director	$0	$0	$0
MARTHA DENNIS	SECRETARY & TREASURER	2.00	Officer 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	No data	No data	No data	No data
2023	$5,411	$135,742	$5,435,607	$-130,331
2022	$2,900	$89,804	$5,433,196	$-86,904
2021	$147	$350,918	$5,520,070	$-350,771
2020	$413,517	$55,997	$5,870,842	$357,520
2019	$5,549,512	$36,182	$5,513,330	$5,513,330