LOVE INC OF SOUTH LINCOLN COUNTY (EIN 852104856) - 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

Formation Year

2021

Legal Domicile

Principal Officer

ERIC MYERS

Phone

4063342016

Tax Period

2024-01-01 to 2024-12-31

LOVE INC OF SOUTH LINCOLN COUNTY, founded in 2021, is a small nonprofit in the Human Services sector that reported $106K in total revenue in fiscal year 2024. The organization ran a surplus of $32K, a strong 30% operating margin.

Mission

ORGANIZE AND COORDINATE CHURCHES IN SOUTH LINCOLN COUNTY TO RESPOND TO INDIVIDUAL, FAMILY, AND PROJECT NEEDS IN THE NAME OF CHRIST, INCARNATE SON OF GOD SAVIOR, AND LORD. FASHION A COOPERATIVE RELATIONSHIP BETWEEEN AREA AGENCIES AND CHURCHES, GENERATE UNTAPPED CHURCH RESOURCES TO MEET COMMUNITY NEEDS, DEVELOP A CLEARINGHOUSE TO SCREEN NEEDS, USE COMMUNITY RESOURCES, AND, AS IT MATURES, OTHER INITIATIVES NECESSARY TO MEET NEEDS.

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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 $105,754

Program Service Revenue $0

Investment Income $0

Other Revenue $40

TOTAL REVENUE $105,794

Expense Breakdown

Grants Paid $0

Salaries & Benefits $33,000

Fundraising Expenses $0

Program Expenses $38,469

Other Expenses $40,940

TOTAL EXPENSES $73,940

Year-over-Year Comparison

	2024	2023	Change
Revenue	$105,794	N/A	N/A
Expenses	$73,940	N/A	N/A
Net Income	$31,854	N/A	N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC MYERS	CHAIR	1.00	Officer	$0	$0	$0
SHERRY HINGLEY	VICE-CHAIR	2.00	Officer	$0	$0	$0
ANDREW OLSEN	TREASURER	3.00	Officer	$0	$0	$0
MARY JO MCLEAN	SECRETARY	2.00	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
2024	$105,794	$73,940	$74,342	$31,854

LOVE INC OF SOUTH LINCOLN COUNTY