THE LOVEBOLT (EIN 850545577) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2020

Legal Domicile

Principal Officer

HENRY DAVIS

Phone

7049754415

Tax Period

2023-01-01 to 2023-12-31

THE LOVEBOLT, founded in 2020, is a micro nonprofit in the Civil Rights & Advocacy sector that reported $22K in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $61K exceeded revenue, resulting in a 185% operating deficit.

Mission

TO USE ART AND SHARED PASSIONS TO BRING PEOPLE TOGETHER ACROSS RACIAL AND SOCIO-ECONOMIC BARRIERS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $21,500

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $21,500

Expense Breakdown

Grants Paid $0

Salaries & Benefits $29,226

Fundraising Expenses $0

Program Expenses $61,353

Other Expenses $32,127

TOTAL EXPENSES $61,353

Year-over-Year Comparison

	2023	2022	Change
Revenue	$21,500	$26,353	-0.2%
Expenses	$61,353	$30,779	+1.0%
Net Income	$-39,853	$-4,426	+8.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$46,250

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TED GARNER	CHAIR	1.00	Officer Director	$0	$0	$0
PEGGY BITLER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KRISTOPHER SMITH	TREASURER	1.00	Officer Director	$0	$0	$0
BARBARA ROBINSON	SECRETARY	1.00	Officer Director	$0	$0	$0
ANNE CARTER SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
THADDEUS JONES	BOARD MEMBER	1.00	Director	$0	$0	$0
HENRY DAVIS	EXECUTIVE DI	20.00	Officer	$8,750	$0	$8,750
TARA SANCHEZ	PREVIOUS EXE	20.00	Officer	$37,500	$0	$37,500

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	$21,500	$61,353	$145,712	$-39,853
2022	$26,353	$30,779	$175,971	$-4,426
2021	$240,617	$63,860	$179,523	$176,757

THE LOVEBOLT