LOVE LIKE SEAN FOUNDATION

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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

2023

Legal Domicile

Principal Officer

BRIAN RICHARDS

Phone

3125042044

Tax Period

2024-01-01 to 2024-12-31

LOVE LIKE SEAN FOUNDATION, founded in 2023, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $531K in total revenue in fiscal year 2024. The organization ran a surplus of $505K, a strong 95% operating margin.

Mission

THE FOUNDATION PROVIDES CHARITABLE AND EDUCATIONAL SUPPORT TO IDENTIFIED ORGANIZATIONS AND COMMUNITIES IN MEMORY OF SEAN PATRICK RICHARDS.

Program Service Accomplishments

Program 1

Expenses: $21,006

THE FOUNDATION PROVIDES CHARITABLE AND EDUCATIONAL SUPPORT TO IDENTIFIED ORGANIZATIONS AND COMMUNITIES. DURING 2024, THIS INCLUDED ACTIVITIES SUCH AS THE SEAN PATRICK RICHARDS SCHOLARSHIP AT BENET...

THE FOUNDATION PROVIDES CHARITABLE AND EDUCATIONAL SUPPORT TO IDENTIFIED ORGANIZATIONS AND COMMUNITIES. DURING 2024, THIS INCLUDED ACTIVITIES SUCH AS THE SEAN PATRICK RICHARDS SCHOLARSHIP AT BENET ACADEMY AND THE LOVE LIKE SEAN FAMILY RUN.

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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 $525,137

Program Service Revenue $0

Investment Income $5,504

Other Revenue $232

TOTAL REVENUE $530,873

Expense Breakdown

Grants Paid $21,006

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $21,006

Other Expenses $5,323

TOTAL EXPENSES $26,329

Year-over-Year Comparison

	2024	2023	Change
Revenue	$530,873	N/A	N/A
Expenses	$26,329	N/A	N/A
Net Income	$504,544	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

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
KRISTINE RICHARDS	PRESIDENT	1.00	Officer Director	$0	$0	$0
BRIAN RICHARDS	TREASURER	1.00	Officer Director	$0	$0	$0
CONOR RICHARDS	VICE PRESIDENT	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	$530,873	$26,329	$504,544	$504,544