LOVE BIG FOUNDATION INC (EIN 872292752) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2021

Legal Domicile

Principal Officer

ROB WHITESELL

Phone

2564262901

Tax Period

2024-01-01 to 2024-12-31

LOVE BIG FOUNDATION INC, founded in 2021, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2021. The organization ran a surplus of $1.1M, a strong 100% operating margin.

Mission

FOUNDED AFTER THE LOSS OF OUR DAUGHTER, ELIZABETH ANN WHITESELL, THE LOVE BIG FOUNDATION IS OUR ATTEMPT TO GIVE BACK TO THE COMMUNITY THAT PROVIDED LOVE AND SUPPORT IN OUR TIME OF NEED. OUR PURPOSE IS PRIMARILY TO INVEST IN THE FUTURE OF OUR PROMISING YOUTH BY ESTABLISHING COLLEGE SCHOLARSHIPS FOR GRADUATES OF LOCAL AREA HIGH SCHOOLS. WE ALSO SUPPORT A VARIETY OF CHARITABLE PROJECTS THAT IMPROVE COMMUNITY LIFE, HEALTH, AND HAPPINESS IN OUR LOCAL AREA.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $54,880

Other Revenue $0

TOTAL REVENUE $54,880

Expense Breakdown

Grants Paid $61,749

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $61,749

Other Expenses $1,098

TOTAL EXPENSES $62,847

Year-over-Year Comparison

	2024	2023	Change
Revenue	$54,880	$135,301	-0.6%
Expenses	$62,847	$50,215	+0.3%
Net Income	$-7,967	$85,086	-1.1%

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

N/A

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
ROB WHITESELL	PRESIDENT	3.00	Officer Director	$0	$0	$0
TIFFANY WHITESELL	SECRETARY	3.00	Officer Director	$0	$0	$0
TRACY CREWS	TREASURER	1.00	Officer 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	$54,880	$62,847	$1,182,216	$-7,967
2023	$135,301	$50,215	$1,108,889	$85,086
2022	$791	$80,500	$1,017,606	$-79,709
2021	$1,146,909	$2,787	$1,152,929	$1,144,122

LOVE BIG FOUNDATION INC