UNITED WAY OF DAVIE COUNTY INC

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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

1973

Legal Domicile

Principal Officer

GLORIA WOMMACK

Phone

3367510313

Tax Period

2022-01-01 to 2022-12-31

UNITED WAY OF DAVIE COUNTY INC, founded in 1973, is a small nonprofit that reported $112K in total revenue in fiscal year 2022. Revenue decreased 7% compared to the prior year. Expenses of $164K exceeded revenue, resulting in a 46% operating deficit.

Mission

THE MISSION OF THE UNITED WAY OF DAVIE COUNTY, INC.IS TO ADVANCE THE COMMON GOOD OF DAVIE COUNTY BY UNITING THE RESOURCES OF THE COMMUNITY TO IDENTIFY AND ADDRESS THE MOST PRESSING HUMAN NEEDS.

Program Service Accomplishments

Program 1

Expenses: $159,467

UNITED WAY OF DAVIE COUNTY AND ITS PARTNER AGENCIES HELPED A TOTAL OF 10,444 PEOPLE IN DAVIE COUNTY IN 2019; THIS WAS ACCOMPLISHED BY THE UNITED WAY OF DAVIE COUNTY OPERATING 3 DIRECT PROGRAMS THAT BENEFIT THE COMMUNITY AND FUNDING 12 ADDITIONAL PROGRAMS FACILITATED BY PARTNER AGENCIES THAT ADVANCE THE COMMON GOOD IN THE AREAS OF EDUCATION, FINANCIAL STABILITY AND HEALTH AND WELLNESS. IN THE AREA OF EDUCATION, CHILDREN HAVE A PROVIDED ACCESS TO TUTORS,HAVE DEVLEOPED ENHANCED CHARACTER DEVELOPMENT AND LEADERSHIP SKILLS, HAVE TAKEN STEPS TOWARD ACHIEVING THEIR POTENTIAL BECAUSE THEY WERE MENTORED BY A CARING INDIVIDUAL. IN THE AREA OF FINANCIAL STABILITY/SELF SUFFICIENCY, PEOPLE HAVE BENEFITTED FROM PROGRAMS PROVIDING BASIC NECCESSITIES AND/OR ASSISSTANCE. IN THE AREA OF HEALTH & WELLNESS, PROGRAMS HAVE IMPROVED THE RESIDENTS OF DAVIE COUNTY ABILITY TO MAKE HEALTHY NUTRITIONAL CHOICES, QUALITY HEALTH SERVICES, OPPORTUNITIES FOR PHYSICAL ACTIVITIES, AND ADVOCATING FOR VICTIMS OF ABUSE.

Program 2

ALL OTHER PROGRAM SERVICES; PRESCRIPTION DRUG DISCOUNT CARD PROGRAM - PROVIDES PERSCRIPTION DISCOUNTS TO THOSE WHO DO NOT HAVE PRESCRIPTION INSURANCE COVERAGE. THE PROGRAM PROVIDED ASSISSTANCE TO 546 DAVIE COUNTY RESIDENTS SAVING THEM 52,578 IN PRESCRIPTION COSTS. CALL 211 SERVICES - PROVIDES ACCESS TO INFORMATION ON ALL HUMAN SERVICES AVAILABLE IN DAVIE COUNTY AND OTHER COUNTIES STATEWIDE. APRIL'S DAY OF CARING - VOLUNTEERS THAT INCLUDE LOCAL BUSINESSES, CIVIC GROUPS, CHURCHES AND FAMILIES COME TOGETHER TO COMPLETE VARIOUS PROJECTS THAT BENEFIT INDIVIDUAL AND NONPROFIT ORGANIZATIONS IN NEED WITHIN THE COMMUNITY. DAVIE COUNTY TEACHERS CLOSET - TEACHERS RECEIVED FREE SCHOOL SUPPLIES FOR THEIR CLASSROOM AND STUDENTS IN NEED ALSO RECEIVED FREE SCHOOL SUPPLIES. THE CLOSET WAS VISITED BY 116 TEACHERS ULTIMATELY BENEFITTING 6,832 STUDENTS. MY FREE TAXES - 21 PEOPLE USED THIS FREE SERVICE TO FILE THEIR TAX RETURNS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $113,937

Program Service Revenue $0

Investment Income $-1,790

Other Revenue $0

TOTAL REVENUE $112,147

Expense Breakdown

Grants Paid $21,495

Salaries & Benefits $93,646

Fundraising Expenses $1,730

Program Expenses $159,467

Other Expenses $48,536

TOTAL EXPENSES $163,677

Year-over-Year Comparison

	2022	2021	Change
Revenue	$112,147	$120,070	-0.1%
Expenses	$163,677	$220,100	-0.3%
Net Income	$-51,530	$-100,030	-0.5%

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

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
BRAD BLACKMON	DIRECTOR	N/A	Director	$0	$0	$0
CHELSEA FAVRE	DIRECTOR	N/A	Director	$0	$0	$0
LORI HAMILTON	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
LISA HARTNESS	SECRETARY	N/A	Officer Director	$0	$0	$0
AMY HAYNES	DIRECTOR	N/A	Director	$0	$0	$0
JOESPH JOHNSON	DIRECTOR	N/A	Director	$0	$0	$0
COURTNEY MYERS	DIRECTOR	N/A	Director	$0	$0	$0
HALLEY PULLIAM	DIRECTOR	N/A	Director	$0	$0	$0
ADAM RIDENHOUR	DIRECTOR	N/A	Director	$0	$0	$0
KELLEY RYAN	DIRECTOR	N/A	Director	$0	$0	$0
JENNIFER STEVENSON	DIRECTOR	N/A	Director	$0	$0	$0
GLORIA WOMMACK	PRESIDENT	5.00	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
2022	$112,147	$163,677	$29,649	$-51,530
2021	$120,070	$220,100	$84,736	$-100,030
2020	$257,645	$279,743	$182,848	$-22,098
2020	$257,645	$279,743	$182,848	$-22,098
2019	$341,952	$339,521	$207,858	$2,431