Love Our Veterans Inc (EIN 880916673) - 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

Kevin Popko

Phone

7045306061

Tax Period

2023-01-01 to 2023-12-31

Love Our Veterans Inc, founded in 2021, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $245K in total revenue in fiscal year 2023. Revenue surged 188% from the prior year, signaling strong growth momentum. The organization ran a surplus of $87K, a strong 36% operating margin.

Mission

LOV generates funding through LOV thrift store to provide support for local veterans.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,500

Program Service Revenue $242,616

Investment Income $0

Other Revenue $0

TOTAL REVENUE $245,116

Expense Breakdown

Grants Paid $0

Salaries & Benefits $77,662

Fundraising Expenses $0

Program Expenses $31,521

Other Expenses $80,256

TOTAL EXPENSES $157,918

Year-over-Year Comparison

	2023	2022	Change
Revenue	$245,116	$84,989	+1.9%
Expenses	$157,918	$74,240	+1.1%
Net Income	$87,198	$10,749	+7.1%

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

$77,662

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kevin Popko	President	70.00	Officer	$77,662	$0	$77,662
Dave Glascock	Vice President	10.00	Officer	$0	$0	$0
Shawn Sullivan	Vice President	10.00	Officer	$0	$0	$0
Tim Holder	Treasurer	0.00	Officer	$0	$0	$0
Jamieson Strand	Secretary	0.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$245,116	$157,918	$87,198	$87,198

Love Our Veterans Inc