Struggle of Love Foundation (EIN 841566888) - 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

Principal Officer

Lakeshia Hodge

Phone

7209236122

Tax Period

2024-01-01 to 2024-12-31

Struggle of Love Foundation is a community nonprofit in the Human Services sector that reported $3.0M in total revenue in fiscal year 2024. Revenue surged 61% from the prior year, signaling strong growth momentum.

Mission

Struggle of Love Foundation (SOLF) is a 501(C)(3) Colorado based organization that provides opportunities for underprivileged youth and/or families to access year-round services and programs.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,669,316

Program Service Revenue $374,692

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,044,008

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,274,280

Fundraising Expenses $0

Program Expenses $3,006,875

Other Expenses $1,732,595

TOTAL EXPENSES $3,006,875

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,044,008	$1,894,676	+0.6%
Expenses	$3,006,875	$1,425,565	+1.1%
Net Income	$37,133	$469,111	-0.9%

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

N/A

Employees

Volunteers

100

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

$212,928

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lakeshia Hodge	Exec Director	45	Officer	$117,731	$0	$117,731
Joel Hodge	Foundation Mgr	45	Officer	$95,197	$0	$95,197
Damien Talley	Chairman	2	Director	$0	$0	$0
Chartashia Mil	Vice Chair	2	Director	$0	$0	$0
Marquez Herrod	Board	2	Director	$0	$0	$0
Kwon Atlas	Board	2	Director	$0	$0	$0
Lois McDonald	Secretary	2	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	$3,044,008	$3,006,875	$987,378	$37,133
2023	$1,894,676	$1,425,565	$950,245	$469,111
2022	$1,023,107	$1,096,283	$481,134	$-73,176
2021	$830,482	$888,191	$551,914	$-57,709
2020	$746,010	$571,788	$518,350	$174,222

Struggle of Love Foundation