COMMONWEALTH CARES FOUNDATION

EIN: 262114712 501(c)(3) Diseases & Disorders

DANIEL ISLAND, SC

Total Revenue
N/A
Total Expenses
$3,059
Total Assets
$28,858
Net Assets
$28,858
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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
2008
Legal Domicile
SC
Principal Officer
JASON E CREECH
Phone
8438844545
Tax Period
2022-01-01 to 2022-12-31

Mission

CHARITABLE ORGANIZATION THAT FUNDS LOCAL CHARITIES THAT FOCUS ON FAMILY ASSISTANCE IN THE AREAS OF HEALTH CARE & FINANCIAL ASSISTANCE

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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 (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $0

Expense Breakdown

Grants Paid $2,500
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,500
Other Expenses $559
TOTAL EXPENSES $3,059

Year-over-Year Comparison

2022 2021 Change
Revenue N/A $-56,028 -1.0%
Expenses $3,059 $176 +16.4%
Net Income N/A $-56,204 N/A
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
2
Independent Members
2
Employees
N/A
Volunteers
2

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
2
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EDWARD BRITT GILBERT PRESIDENT 4.00
Officer
$0 $0 $0
JASON E CREECH VP/TREASURER 3.00
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
2022 No data $3,059 $28,858 No data
2021 $-56,028 $176 $31,917 $-56,204
2020 $-32,288 $1,749 $87,735 $-34,037
2019 $193,379 $166,849 $123,710 $26,530
2018 $153,621 $166,440 $95,243 $-12,819
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