Loveiam Inc
Nonprofit profile at a glance
- EIN
- 270185650
- IRS 990-EZ coverage
- 2015–2025
- Forms available
- Form 990-EZ 2025
- Location
- Phoenix, AZ, USA
- Phone
- 6508881647
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Single Organization Support
Reported finances
- Revenue
- $400
- Expenses
- $1,047
- Assets
- $26,659
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
3 people listed
People named in this filing
- DARADEE OLSON (Director)
- CANDANCE OLSON (Director)
- STUART OLSON (Director)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Liam Murray (Olson) passed away after just 26 days due to a congenital heart defect. The family knew they wanted to start a charity that directly benefits, supports and enriches the lives of children who live with congenital heart defects. Heart kids undergo countless open heart surgeries, some have received heart transplants, and many others are still on the transplant wait list. These are the children who live the life that Liam never had. Since its inception LOVEIAM has been involved in sending local Arizona children with congenital heart defects to heart camp for a brief escape from their disease. While at camp heart kids require extensive palliative care which is expensive. Most heart kid's families are strapped with only going medical expenses and cannot afford to send their kids to camp. The prime fund raising event was not held in 2025 so the charity was dormant but expects to hold its fund raising event in 2026 and send more kids to heart camp.
What it reported doing in 2025
The exempt purpose is to raise funds to be able to send kids with congenital heart defects to "heart camp". Heart camp is a camp purposely designed to aid kids with heart defects to experience and enjoy camping.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- 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 - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of total spending goes to programs and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 77
- Transparency & Controls: 82
- Sustainability: 37
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 38.5%; rating input score 38
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -161.8%; rating input score 5; 5th percentile among comparable filings
- Total-asset coverage ratio: 25.46; rating input score 97; 97th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -15.8% per year; rating input score 0; 22nd percentile among comparable filings
- Revenue growth: -0.8% per year; rating input score 0; 46th percentile among comparable filings
- Asset growth: 16.6% per year; rating input score 100; 81st percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 38.5% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $403 in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 2 filed schedules
- Filing history: 11 filing years from 2015 to 2025
- Contacts: How to reach this organization
- 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: Program expense ratio scored 38/100.
- High — Sustainability: Operating margin scored 5/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.