Fathers Love Inc

Nonprofit profile at a glance

EIN
842309647
IRS 990 coverage
2022–2024
Forms available
Form 990 2024
Location
Shelbyville, KY, USA
Phone
5025099880
Rating
72
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Christianity
Affiliation
Christianity

Official website

Reported finances

Revenue
$756,160
Expenses
$456,028
Assets
$634,610
Liabilities
$8,166

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • GERALD TERRELL Jr (EXECUTIVE DIRECTOR)

Highest reported compensation

  • GERALD TERRELL Jr (EXECUTIVE DIRECTOR): $36,400 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Empowering youth to dream big, rise above obstacles, and become impactful leaders through christ-centered mentorship, education, and spiritual guidance.

What it reported doing in 2024

The backpack program provides weekend nourishment (meals and snacks) to food-insecure children who rely on school nutrition programs during the week. In partnership with local schools, the organization identifies students in need; a critical process supported by teachers, school counselors, and/or other school administrators. Bags filled with kid-friendly, shelf-stable food items are discreetly distributed each week during the school year. The program helps ensure that children have consistent access to nutritious food when school meals are unavailable, directly supporting their health, well-being, and ability to learn. The program provides weekend nourishment to over 500 children each week. For context, in our service area, shelby county, ky, 13.5% of children face food insecurity, highlighting the significant community need the program addresses.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 54
  • Transparency & Controls: 90
  • Accountability: 74
  • Sustainability: 71
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 41.5%; rating input score 42
  • Program expense ratio: 68.4%; rating input score 68
  • Fundraising efficiency: $32.85 raised per $1 spent on fundraising; rating input score 70; 70th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 3 of 8 controls in place; rating input score 38
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 39.7%; rating input score 89; 89th percentile among comparable filings
  • Total-asset coverage ratio: 1.39; rating input score 53; 53rd percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 67; 67th percentile among comparable filings
  • Officer compensation ratio: 8%; rating input score 44; 44th percentile among comparable filings

Growth

  • Program expense growth: 79.5% per year; rating input score 100; 98th percentile among comparable filings
  • Revenue growth: 38.8% per year; rating input score 100; 95th percentile among comparable filings
  • Asset growth: 8.5% per year; rating input score 100; 54th percentile among comparable filings

Details

  • Where the money goes: 41.5% of revenue deployed · 68.4% of spending went to programs
  • Governance: 7 of 7 board members independent · 3 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $312K in reported program spending
  • Leadership: top reported pay $36K · 8 people listed
  • Consistency: 26 of 26 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 42/100.
  • Moderate — Accountability: Governance controls: 4 of 7 not reported.
  • Review — Sustainability: Total-asset coverage ratio scored 53/100.
  • Moderate — Sustainability: Officer compensation ratio scored 44/100.