LOVE RIDE FOUNDATION (EIN 954694025) - 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

1998

Legal Domicile

Principal Officer

OLIVER SHOKOUH

Phone

8182465618

Tax Period

2024-01-01 to 2024-12-31

LOVE RIDE FOUNDATION, founded in 1998, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $8K in total revenue in fiscal year 2024. Revenue surged 243% from the prior year, signaling strong growth momentum. Expenses of $11K exceeded revenue, resulting in a 38% operating deficit.

Mission

THE FOUNDATION'S PURPOSE IS TO RAISE FUNDS FOR THE BENEFIT OF OTHER ORGANIZATIONS WHOSE PROGRAMS BETTER THE LIVES OF PEOPLE, WHETHER IT BE THROUGH HEALTH, EDUCATION, OR ANY OTHER KIND OF SUPPORT.

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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 $4,741

Program Service Revenue $0

Investment Income $0

Other Revenue $3,567

TOTAL REVENUE $8,308

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,000

Other Expenses $10,445

TOTAL EXPENSES $11,445

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,308	$2,421	+2.4%
Expenses	$11,445	$4,646	+1.5%
Net Income	$-3,137	$-2,225	+0.4%

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
OLIVER SHOKOUH	CHAIRMAN	0.50	Director	$0	$0	$0
DANIEL VARTANIAN	DIRECTOR	0.50	Director	$0	$0	$0
NEIL FISCHER	DIRECTOR	0.50	Director	$0	$0	$0
SCOTT SIEGEL	DIRECTOR	0.50	Director	$0	$0	$0
ROBERT PATRICK	DIRECTOR	0.50	Director	$0	$0	$0
LORENZO LAMAS	DIRECTOR	0.50	Director	$0	$0	$0
JOE EMMA	DIRECTOR	0.50	Director	$0	$0	$0
JUDITH FLOURNOY	DIRECTOR	0.50	Director	$0	$0	$0
SUZANNE KEOGH	DIRECTOR	0.50	Director	$0	$0	$0
ROBERT RICHARDS	DIRECTOR	0.50	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	$8,308	$11,445	$134,977	$-3,137
2023	$2,421	$4,646	$138,114	$-2,225
2022	$7,270	$3,209	$140,339	$4,061
2021	$476	$2,177	$136,278	$-1,701
2020	$1,883	$8,997	$137,979	$-7,114
2019	$77,301	$90,251	$145,093	$-12,950
2018	$15,841	$3,586	$158,043	$12,255

LOVE RIDE FOUNDATION