Wheelchair Classics Charities Inc (EIN 112859217) - 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

1987

Legal Domicile

Principal Officer

Henry Carter

Phone

7184575633

Tax Period

2023-01-01 to 2023-12-31

Wheelchair Classics Charities Inc, founded in 1987, is a small nonprofit in the Health Care sector that reported $470K in total revenue in fiscal year 2023. Revenue surged 76% from the prior year, signaling strong growth momentum. The organization ran a surplus of $217K, a strong 46% operating margin.

Mission

Wheel Chair Charities, Inc. provides mechanical wheelchairs and other equipment for persons afflicted with medical conditions requiring such needs.

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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 (2023)

Revenue Breakdown

Contributions & Grants $13,800

Program Service Revenue $456,036

Investment Income $0

Other Revenue $0

TOTAL REVENUE $469,836

Expense Breakdown

Grants Paid $1,996

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $253,051

Other Expenses $251,055

TOTAL EXPENSES $253,051

Year-over-Year Comparison

	2023	2022	Change
Revenue	$469,836	$266,425	+0.8%
Expenses	$253,051	$327,975	-0.2%
Net Income	$216,785	$-61,550	-4.5%

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

N/A

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
Henry	Carter	30.00	Director	$0	$0	$0
Pastor John H	Boyd	5.00	Officer	$0	$0	$0
Kelsey	Stevens	5.00	Officer	$0	$0	$0
Lucius	Benso	5.00	Officer	$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
2023	$469,836	$253,051	$302,016	$216,785
2022	$266,425	$327,975	$85,231	$-61,550
2021	$182,184	$137,672	$144,287	$44,512
2019	$338,860	$352,786	$104,390	$-13,926
2018	$326,221	$349,329	$104,516	$-23,108

Wheelchair Classics Charities Inc