WILMINGTON CARENET COUNSELING CENTER INC (EIN 203220796) - 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

2005

Legal Domicile

Principal Officer

JERRY CANNON

Phone

9107991071

Tax Period

2024-01-01 to 2024-12-31

WILMINGTON CARENET COUNSELING CENTER INC, founded in 2005, is a small nonprofit in the Mental Health sector that reported $194K in total revenue in fiscal year 2024.

Mission

TO PROVIDE FOR INTERFAITH MINISTRIES OF COUNSELING, EDUCATION, CONSULTATION AND ENRICHMENT WITH THE HOPE OF PEOPLE OBTAINING WHOLENESS OF LIFE REGARDLESS OF THEIR ABILITY TO PAY IN PART OR IN FULL.

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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 $193,782

Program Service Revenue $0

Investment Income $45

Other Revenue $560

TOTAL REVENUE $194,387

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $212,346

Other Expenses $212,346

TOTAL EXPENSES $212,346

Year-over-Year Comparison

	2024	2023	Change
Revenue	$194,387	$183,793	+0.1%
Expenses	$212,346	$185,114	+0.1%
Net Income	$-17,959	$-1,321	+12.6%

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
CARL JAHRSTORFER	DIRECTOR	N/A	Director	$0	$0	$0
MICHAEL TUCZYNSKI	DIRECTOR	N/A	Director	$0	$0	$0
BROOKE BATTS	SECRETARY	1.00	Officer	$0	$0	$0
JERRY CANNON	PRESIDENT	5.00	Officer	$0	$0	$0
SAM ROSE	TREASURER	1.00	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
2025	No data	No data	No data	No data
2024	$194,387	$212,346	$234,811	$-17,959
2023	$183,793	$185,114	$249,494	$-1,321
2022	$216,511	$119,582	$250,610	$96,929

WILMINGTON CARENET COUNSELING CENTER INC