CARES INC (EIN 201056579) - 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

2004

Legal Domicile

Principal Officer

DENISE MCCABE

Phone

7062534777

Tax Period

2024-07-01 to 2025-06-30

CARES INC, founded in 2004, is a community nonprofit in the Human Services sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 213% from the prior year, signaling strong growth momentum. Expenses of $1.2M left a modest 7% surplus.

Mission

TO PROVIDE FOOD AND ESSENTIAL NON-FOOD ITEMS, TEMPORARY FINANCIAL ASSISTANCE AND RESOURCE COUNSELING TO NEEDY PEOPLE IN PICKENS COUNTY.

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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 $1,199,703

Program Service Revenue $0

Investment Income $16,756

Other Revenue $25,167

TOTAL REVENUE $1,241,626

Expense Breakdown

Grants Paid $164,861

Salaries & Benefits $86,926

Fundraising Expenses $724

Program Expenses $962,059

Other Expenses $899,356

TOTAL EXPENSES $1,151,143

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,241,626	$397,170	+2.1%
Expenses	$1,151,143	$351,737	+2.3%
Net Income	$90,483	$45,433	+1.0%

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

Volunteers

140

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

$52,500

Total Directors

$52,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW CRADDOX	FMR EXECUTIVE DIRECTOR	20.00	Officer Director	$46,667	$0	$46,667
BRIAN ERGLE	EXECUTIVE DIRECTOR	20.00	Officer Director	$5,833	$0	$5,833
SUSAN ARMSTRONG	DIRECTOR	4.00	Director	$0	$0	$0
ROBIN DUNN	DIRECTOR	1.00	Director	$0	$0	$0
ANDY EDWARDS	DIRECTOR	1.00	Director	$0	$0	$0
ANGIE JONES	PAST CHAIR	3.00	Director	$0	$0	$0
LEVONE LEUENBERGER	DIRECTOR	3.00	Director	$0	$0	$0
BRANDY VANSANT	DIRECTOR	2.00	Director	$0	$0	$0
MARTHA HERBERT	DIRECTOR	3.00	Director	$0	$0	$0
MAX CAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE VANDERWALT	BOARD CHAIR	4.00	Officer Director	$0	$0	$0
DENISE MCCABE	TREASURER	4.00	Officer Director	$0	$0	$0
GENE BERRY	DIRECTOR	4.00	Director	$0	$0	$0
ELAINE DENIRO	DIRECTOR	1.00	Director	$0	$0	$0
VICTORIA HAWKINS	SECRETARY	4.00	Officer Director	$0	$0	$0
MARK LEUENBERGER	VICE CHAIR	4.00	Officer 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
2025	$1,241,626	$1,151,143	$908,911	$90,483
2024	$397,170	$351,737	$828,830	$45,433
2023	$405,614	$376,641	$767,459	$28,973
2022	$388,558	$285,523	$739,349	$103,035
2021	$379,226	$242,214	$633,923	$137,012
2019	$262,039	$261,652	$372,088	$387

CARES INC