FUNDING LOVE CORP

EIN: 830769251 501(c)(3) Philanthropy & Grantmaking

CLERMONT, FL

Total Revenue
$192,455
Total Expenses
$200,267
Total Assets
$73,651
Net Assets
$73,651
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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
GA
Principal Officer
TIMOTHY ELROD
Phone
6783505224
Tax Period
2023-01-01 to 2023-12-31

FUNDING LOVE CORP, founded in 2018, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $192K in total revenue in fiscal year 2023. Revenue surged 97% from the prior year, signaling strong growth momentum.

Mission

WE CREATE POST-ADOPTION EXPERIENCES THAT STRENGTHEN BONDS, BUILD COMMUNITY, AND RESTORE PEOPLE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $79,781
Program Service Revenue $0
Investment Income $0
Other Revenue $112,674
TOTAL REVENUE $192,455

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $57,536
Program Expenses $117,253
Other Expenses $200,267
TOTAL EXPENSES $200,267

Year-over-Year Comparison

2023 2022 Change
Revenue $192,455 $97,792 +1.0%
Expenses $200,267 $73,230 +1.7%
Net Income $-7,812 $24,562 -1.3%
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
6
Independent Members
6
Employees
N/A
Volunteers
10

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
6
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MALORIE ELROD VISIONARY LEADER 30.00
Officer
$0 $0 $0
TIMOTHY ELROD COO 5.00
Officer
$0 $0 $0
KATELYN DUCKWORTH BIRTH FAMILY PROGRAMS DIRE 30.00
Officer
$0 $0 $0
VICTORIA JONES CREATIVITY AND SOCIAL MEDI 5.00
Officer
$0 $0 $0
SUSAN WILSON CFO 1.00
Officer
$0 $0 $0
SARAH BASHAM VACATION DIRECTOR 5.00
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
2023 $192,455 $200,267 $73,651 $-7,812
2022 $97,792 $73,230 $81,463 $24,562
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