WE CARE OF KOKOMO 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

REBECCA VARNELL

Phone

7654594191

Tax Period

2024-01-01 to 2024-12-31

WE CARE OF KOKOMO INC, founded in 1973, is a community nonprofit in the Human Services sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $380K, a strong 36% operating margin.

Mission

FUNDS FOR LOCAL CHARITIES

Program Service Accomplishments

Program 1

Expenses: $509,000 Revenue: $66,606

DISTRIBUTION OF AUCTION PROCEEDS TO LOCAL CHARITIES FOR NEEDY FAMILIES AT CHRISTMAS AND NECESSARY EQUIPMENT NOT OTHERWISE AVAILABLE DUE TO BUDGET CONSTRAINTS.

Program 2

Expenses: $109,525 Revenue: $520,629

PURCHASE OF ITEMS & COSTS INCURRED FOR ITEMS SOLD AT CHARITABLE AUCTION

Program 3

Expenses: $28,562 Revenue: $0

OPERATING AND MANAGEMENT EXPENSES

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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 $66,606

Program Service Revenue $520,629

Investment Income $468,761

Other Revenue $0

TOTAL REVENUE $1,055,996

Expense Breakdown

Grants Paid $509,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $647,087

Other Expenses $166,649

TOTAL EXPENSES $675,649

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,055,996	$803,716	+0.3%
Expenses	$675,649	$653,366	+0.0%
Net Income	$380,347	$150,350	+1.5%

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

N/A

Volunteers

1000

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
REBECCA VARNELL	PRESIDENT	20.00	Director	$0	$0	$0
JAMES R BUCK	VICE PRES	15.00	Director	$0	$0	$0
PAMELA S ELPERS	SECRETARY	15.00	Director	$0	$0	$0
JACQUELINE N MAY	TREASURER	15.00	Director	$0	$0	$0
DOROTHY A SURFACE	DIRECTOR	5.00	Director	$0	$0	$0
FERN L FENNELL	DIRECTOR	5.00	Director	$0	$0	$0
MARIESA SKOGLAND	DIRECTOR	5.00	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	$1,055,996	$675,649	$7,878,120	$380,347
2023	$803,716	$653,366	$6,795,353	$150,350
2022	$763,160	$587,019	$5,894,283	$176,141
2021	$808,489	$665,352	$6,878,911	$143,137
2020	$395,576	$593,980	$6,021,254	$-198,404
2019	$776,583	$514,825	$5,582,724	$261,758