Wooden It Be Lovely

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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

2021

Legal Domicile

Principal Officer

Rev Margaret Ann Jessup

Phone

2176065307

Tax Period

2024-01-01 to 2024-12-31

Wooden It Be Lovely, founded in 2021, is a small nonprofit in the Employment sector that reported $711K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. The organization ran a surplus of $111K, a strong 16% operating margin.

Mission

Wooden It Be Lovely offers hope and employment to women healing from lives of poverty, addiction, and abuse. We do this by providing transitional employment, housing, mentoring, recovery tools, education, community networking, and a safe community. Our women are employed to refurbish and sell donated wooden furniture and sew unique products. This transitional employment housing empowers women to move towards economic stability and an enhanced wellbeing for themselves and their children.

Program Service Accomplishments

Program 1

Expenses: $418,634 Revenue: $208,729

Be Lovely Work Program: Women in transition refurbish donated wood furniture and sell the pieces to the public. Sew Lovely is a branch from the original ministry, Wooden It Be Lovely. This program...

Be Lovely Work Program: Women in transition refurbish donated wood furniture and sell the pieces to the public. Sew Lovely is a branch from the original ministry, Wooden It Be Lovely. This program hires women healing from lives of poverty, addiction and/or abuse. The women are empowered, employed and provided a community of love as they heal and transition. In an effort to hire more women, Sew Lovely was started. The women learn to sew and make unique products for those interested in supporting our ministry. Every purchase offers hope to women and their children.

Program 2

Expenses: $21,365

Be Lovely Home: Residential housing program opened in June 2022 for women in recovery who do not have/custody of children. Women live, work, and are loved all in one program. This is not just a home...

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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 $282,303

Program Service Revenue $202,947

Investment Income $30,377

Other Revenue $195,427

TOTAL REVENUE $711,054

Expense Breakdown

Grants Paid $0

Salaries & Benefits $366,684

Fundraising Expenses $27,572

Program Expenses $439,999

Other Expenses $233,062

TOTAL EXPENSES $599,746

Year-over-Year Comparison

	2024	2023	Change
Revenue	$711,054	$777,061	-0.1%
Expenses	$599,746	$540,316	+0.1%
Net Income	$111,308	$236,745	-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

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

$67,919

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Allison Long	Board Member	1.00	Director	$0	$0	$0
Ann Burton	Board Member	1.00	Director	$0	$0	$0
Beth O'Shea	Board Member	1.00	Director	$0	$0	$0
Cindy Davis	Board Member	1.00	Director	$0	$0	$0
Connie Sims	Board Member	1.00	Director	$0	$0	$0
Dede Murphy	Chairwoman	1.00	Officer Director	$0	$0	$0
Diane Rutledge	Board Member	1.00	Director	$0	$0	$0
Jamie Stout	Secretary	1.00	Officer Director	$0	$0	$0
Jane Lacascio	Board Member	1.00	Director	$0	$0	$0
Jen DeJong	Chairwoman	1.00	Officer Director	$0	$0	$0
Jill Lowery	Board Member	1.00	Director	$0	$0	$0
Julie Krehbiel	Treasurer	1.00	Officer Director	$0	$0	$0
Kathy Germeraad	Board Member	1.00	Director	$0	$0	$0
Linda Harrod	Board Member	1.00	Director	$0	$0	$0
Nancy Pence	board Member	1.00	Director	$0	$0	$0
Rev Margaret Ann Jessup	Executive Director/Pastor	40.00	Officer	$67,919	$0	$67,919

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	$711,054	$599,746	$1,251,308	$111,308
2023	$777,061	$540,316	$1,098,343	$236,745
2022	$622,083	$463,981	$845,137	$158,102
2021	$1,018,025	$361,458	$672,553	$656,567