CARINGPLACE OF THE SHOALS INC

EIN: 260715442 501(c)(3) Human Services

FLORENCE, AL

Total Revenue
$436,866
Total Expenses
$377,949
Total Assets
$508,880
Net Assets
$507,380
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
AL
Principal Officer
OLLIE COPPER
Phone
2562753800
Tax Period
2024-07-01 to 2025-06-30

CARINGPLACE OF THE SHOALS INC, founded in 2007, is a small nonprofit in the Human Services sector that reported $437K in total revenue in fiscal year 2024. Revenue surged 67% from the prior year, signaling strong growth momentum. Expenses of $378K left a modest 13% surplus.

Mission

WICP PROVIDES CARE FOR ELDERS WHO ARE COGNITIVELY IMPARED OR FUNCTIONALLY IMPARED. THE CARE IS PROVIDED IN HALF OR FULL DAY SESSIONS WHILE UNDER THE CARE OF A PROFESSIONAL STAFF.

Program Service Accomplishments

Program 1
Expenses: $361,725 Revenue: $436,866

THE PEOPLE WHO ARE SERVED BY WICP SPEND ENJOYABLE TIME WITH OTHERS DURING HALF OF FULL-DAY SESSIONS WHILE UNDER THE CARE OF A PROFESSIONAL STAFF WHO IS TRAINED AND SKILLED IN GERIATRIC CAR...

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THE PEOPLE WHO ARE SERVED BY WICP SPEND ENJOYABLE TIME WITH OTHERS DURING HALF OF FULL-DAY SESSIONS WHILE UNDER THE CARE OF A PROFESSIONAL STAFF WHO IS TRAINED AND SKILLED IN GERIATRIC CAR, ALZHEIMERS CARE, AND THERAPEUTIC ACTIVITY PROGRAMMING. WICP CAN PROVIDE REPITE FROM THE FATIGUE AND ISOLATION THAT ACCOMPANIES LONG HOURS, DAY-IN-DAY-OUT IN A HOME SETTING, FOR BOTH THE CAREGIVER AND THE CARE RECIPIENT. WICP FUNCTIONS AS AN INDEPENDENT, NON-PROFIT AGENCY WITH THE OVERSIGHT OF DAILY OPERATIONS AND PROFESSIONAL STAFF CONDUCTED BY A VOLUNTEER BOARD OF DIRECTORS FROM THE SHOALS COMMUNITY. FUNDING COMES IN THE FORM OF CLIENT FEES AND VARIOUS CHARITABLE DONATIONS AND GRANTS. WICP RECEIVES NO FEDERAL FUNDING.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $324,171
Program Service Revenue $108,655
Investment Income $4,040
Other Revenue $0
TOTAL REVENUE $436,866

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $226
Program Expenses $361,725
Other Expenses $377,949
TOTAL EXPENSES $377,949

Year-over-Year Comparison

2024 2023 Change
Revenue $436,866 $261,292 +0.7%
Expenses $377,949 $402,285 -0.1%
Net Income $58,917 $-140,993 -1.4%
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

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Governance

Voting Members
12
Independent Members
12
Employees
7
Volunteers
20

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
5
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EILEEN NUNNELLY DIRECTOR 1.00
Director
$0 $0 $0
ROBERT BUNCH DIRECTOR 1.00
Director
$0 $0 $0
PATRICIA HARTLEY DIRECTOR 1.00
Director
$0 $0 $0
PAULA OFFUTT DIRECTOR 1.00
Director
$0 $0 $0
ALAN PHILLIPS DIRECTOR 1.00
Director
$0 $0 $0
IAN SANFORD VICE-CHAIR 1.00
Officer Director
$0 $0 $0
TERRY BUCHANAN SECTARY 1.00
Officer Director
$0 $0 $0
MARY ANN STEGALL DIRECTOR 1.00
Director
$0 $0 $0
PAULINE HUDKINS DIRECTOR 1.00
Director
$0 $0 $0
DONNA UNDERWOOD DIRECTOR 1.00
Officer Director
$0 $0 $0
ROBERT WEBB CHAIR 1.00
Officer Director
$0 $0 $0
OLLIE COPPER TRESURER 1.00
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 $436,866 $377,949 $508,880 $58,917
2024 $261,292 $402,285 $450,069 $-140,993
2023 $316,459 $195,980 $591,064 $120,479
2022 $190,122 $34,011 $469,230 $156,111
2021 $14,933 $16,392 $313,119 $-1,459
2019 $65,835 $46,991 $302,155 $18,844
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