Love the Hub Inc
Nonprofit profile at a glance
- EIN
- 882197063
- IRS 990 coverage
- 2024–2024
- Forms available
- Form 990 2024, Form 990-EZ 2023, Form 990-N 2022
- Location
- Lubbock, TX, USA
- Phone
- 8064044966
- Rating
- 73
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Christianity
- Affiliation
- Christianity
Reported finances
- Revenue
- $260,307
- Expenses
- $299,670
- Assets
- $69,548
- Liabilities
- $17,980
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- DAREN ABNEY (PRESIDENT)
Highest reported compensation
- MARK DANIEL (EXECUTIVE DI): $65,000 total reported compensation
- ERICA BRIGHT (PROGRAM DIRE): $25,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To support families and individuals in the hub city area who are experiencing a temporary crisis, through financial support and direct engagement.
What it reported doing in 2024
Food, emergency and other assistance to local families in need
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 70% of its reported program spending out as grants.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 71
- Transparency & Controls: 94
- Accountability: 69
- Sustainability: 16
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 84%; rating input score 84
- Program expense ratio: 73%; rating input score 73
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 2 of 8 controls in place; rating input score 25
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -15.1%; rating input score 18; 18th percentile among comparable filings
- Total-asset coverage ratio: 0.23; rating input score 13; 13th percentile among comparable filings
- Liabilities to assets ratio: 0.26; rating input score 17; 17th percentile among comparable filings
- Officer compensation ratio: 30%; rating input score 11; 11th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 42.8% per year; rating input score 100; 96th percentile among comparable filings
- Asset growth: -26.6% per year; rating input score 0; 2nd percentile among comparable filings
Details
- Where the money goes: 84% of revenue deployed · 73% of spending went to programs
- Governance: 12 of 12 board members independent · 2 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $219K in reported program spending
- Leadership: top reported pay $65K · 14 people listed
- Consistency: 21 of 21 current checks pass
- Schedules: 4 filed schedules · includes major donors and grants
- Contacts: How to reach this organization
- Money network: 5 filed money-flow records
- 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.
- High — Accountability: Governance controls: 5 of 7 not reported.
- High — Sustainability: Operating margin scored 18/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 13/100.
- High — Sustainability: Officer compensation ratio scored 11/100.
- High — Sustainability: Liabilities to assets ratio scored 17/100.