HE CARES INC (EIN 275486618) - 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

2009

Legal Domicile

Principal Officer

MICHAEL TURNER

Phone

3369448761

Tax Period

2024-01-01 to 2024-12-31

HE CARES INC, founded in 2009, is a micro nonprofit in the Food, Agriculture & Nutrition sector that reported $8K in total revenue in fiscal year 2024. Revenue fell 61% from the prior year — a significant decline worth monitoring. Expenses of $14K exceeded revenue, resulting in a 80% operating deficit.

Mission

THE ECONOMIC NEEDS OF THE TOWN LED INDIVIDUALS TO FORM THIS MINISTRY TO HELP MEET THE EMOTIONAL, PHYSICAL, AND SPIRITUAL NEEDS OF THOMASVILLE AND SURROUNDING AREAS. THE FOUNDERS FELT THAT THE MOST IMPORTANT NEED AT THE TIME WAS PHYSICAL - FOOD. HE CARES SOUGHT TO ALLEVIATE THE NEED FOR FOOD ON WEEKENDS FOR CHILDREN BY PROVIDING BAG LUNCHES ON SATURDAYS. THIS SOON LED DELIVERING BOXES OF NECESSITIES TO ENTIRE FAMILIES IN NEED ALONG WITH THE BAG LUNCH PROVIDED.

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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 $7,961

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $7,961

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $14,300

Other Expenses $14,300

TOTAL EXPENSES $14,300

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,961	$20,555	-0.6%
Expenses	$14,300	$18,074	-0.2%
Net Income	$-6,339	$2,481	-3.6%

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
MICHAEL TURNER	DIRECTOR	N/A	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
2024	$7,961	$14,300	$8,226	$-6,339
2023	$20,555	$18,074	$14,565	$2,481
2022	$19,105	$17,135	$12,084	$1,970
2021	$29,148	$21,914	$10,114	$7,234
2020	$28,033	$24,548	$4,089	$3,485
2019	$14,475	$13,999	$630	$476
2018	$11,212	$11,368	$154	$-156

HE CARES INC