LOVE HEALS FREE CLINIC INC (EIN 832096687) - Form 990 Financial Analysis & Trantor Score

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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

Phone

2084598527

Tax Period

2023-01-01 to 2023-12-31

LOVE HEALS FREE CLINIC INC is a small nonprofit in the Human Services sector that reported $290K in total revenue in fiscal year 2023. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $410K exceeded revenue, resulting in a 41% operating deficit.

Mission

TO PROVIDE FREE MEDICAL, DENTAL AND VISION SERVICES TO THE INDIGENT.

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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 $289,025

Program Service Revenue $0

Investment Income $0

Other Revenue $999

TOTAL REVENUE $290,024

Expense Breakdown

Grants Paid $0

Salaries & Benefits $183,511

Fundraising Expenses $0

Program Expenses $408,883

Other Expenses $226,847

TOTAL EXPENSES $410,358

Year-over-Year Comparison

	2023	2022	Change
Revenue	$290,024	$405,168	-0.3%
Expenses	$410,358	$420,028	0.0%
Net Income	$-120,334	$-14,860	+7.1%

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

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

$120,000

Total Directors

$120,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAITLIN BARNARD	Executive Dir.	1.00	Officer Director	$120,000	$0	$120,000
DONNA COLLINS-LEWIS	Director	1.00	Director	$0	$0	$0
CHARLES CORNFORTH	Director	1.00	Director	$0	$0	$0
JILL CORNFORTH	Director	1.00	Director	$0	$0	$0
JON KATTENHORN	Director	1.00	Director	$0	$0	$0
DAN ROYAL	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
DANE THOMAS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ED CORNFORTH	Director	1.00	Director	$0	$0	$0
MATT ELLSWORTH	Director	1.00	Director	$0	$0	$0
TRAVIS WEIMER	Director	1.00	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
2024	No data	No data	No data	No data
2023	$290,024	$410,358	$118,517	$-120,334
2022	$405,168	$420,028	$238,077	$-14,860
2021	$432,704	$179,978	$254,210	$252,726
2020	$233,204	$233,204	$6,040	No data

LOVE HEALS FREE CLINIC INC