LIVING WELL IN WABASH COUNTY COA I… - Form 990 Financial Data

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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

1974

Legal Domicile

Principal Officer

BEVERLY FERRY

Phone

2605634475

Tax Period

2023-01-01 to 2023-12-31

LIVING WELL IN WABASH COUNTY COA INC, founded in 1974, is a small nonprofit that reported $779K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $866K exceeded revenue, resulting in a 11% operating deficit.

Mission

LIVING WELL IN WABASH COUNTY SERVES ONE IN FOUR WABASH COUNTY RESIDENTS OF ALL AGES WHILE FOSTERING SENIOR INDEPENDENCE WITH THE MISSION TO ASSIST THE CITIZENS OF WABASH COUNTY IN MEETING THEIR SOCIAL, PHYSICAL, ECONOMIC, AND MOBILITY NEEDS WITH AN EMPHASIS ON PERSONS AGE 60 AND OVER.

Program Service Accomplishments

Program 1

Expenses: $389,365

TRANSPORTATION: WABASH COUNTY TRANSPORTATION PROVIDES SAFE AND ACCESSIBLE TRANSPORTATION FOR PEOPLE OF ALL AGES, ABILITIES AND INCOME IN WABASH COUNTY, CONNECTING PEOPLE TO THE COMMUNITY BY REMOVING TRANSPORTATION BARRIERS DUE TO POVERTY, DISABILITY, OR AGE. IN 2023, WCT PROVIDED 14,382 RIDES TO 351 UNDUPLICATED RIDERS.

Program 2

Expenses: $474,718

SENIOR CENTER: TO PROVIDE A LOCATION FOR SENIORS OF WABASH COUNTY TO MAINTAIN THEIR HEALTH AND WELLNESS WITH ACCESS TO INFORMATION ABOUT AGING AND AGING SERVICES, FELLOWSHIP WITH PEERS, MAINTAINING CONTACTS WITH THE COMMUNITY, INTERGENERATIONAL EXPERIENCES, LOW-IMPACT FITNESS, OPPORTUNITIES TO EXPRESS AND EXPLORE CREATIVITY, LIFELONG LEARNING, AND VOLUNTEER OPPORTUNITIES TO MAKE A DIFFERENCE IN THE LIVES OF OTHERS. 124 UNDUPLICATED ADULTS AGE SIXTY AND OVER PARTICIPATED IN SENIOR CENTER PROGRAMS AND SERVICES IN 2023. PARTICIPANTS CONTRIBUTED 457 VOLUNTEER HOURS. MANY OF THE VOLUNTEER HOURS WERE PROVIDED IN THE OPERATION OF THE COMMUNITY CUPBOARD FOOD PANTRY AND THE AGENCY'S FOOD DISTRIBUTION PROGRAMS, WHICH PROVIDED 206,443 POUNDS OF FOOD TO LOCAL PEOPLE OF AGES IN NEED. 3,026 HOUSEHOLDS/9,298 PEOPLE OF ALL AGES WERE HELPED MULTIPLE TIMES THROUGH THE FOOD DISTRIBUTION PROGRAMS(COMMUNITY CUPBOARD PANTRY AND SENIOR LOW-INCOME COMMODITY PROGRAM). THE VOLUNTEER-MANAGED PANTRY PROVIDED 5,040 DOZEN EGGS, 152,581 POUNDS OF DONATED FOOD. THE AGENCY WORKS TO END FOOD INSECURITY ON A LOCAL LEVEL BY OPERATING A FOOD PANTRY FOR LOW-INCOME WABASH COUNTY RESIDENTS OF ALL AGES. FEEDING SENIORS IS TARGETED WITH AGENCY'S OWN SENIOR SUPPLEMENTAL BOX AND SENIOR PROGRAMMING AT LIVING WELL DOWNTOWN WHICH INCLUDES NUTRITIONAL PROGRAMS AS WELL AS MEALS AND BREAKFASTS FOR SENIORS IN A SOCIAL SETTING. WINCHESTER SENIOR CENTER AND LIVING WELL DOWNTOWN PROVIDE A VARIETY OF ACTIVITIES AND PROGRAMS DESIGNED TO ENGAGE SENIORS, ELIMINATE ISOLATION, AND IMPROVE THEIR HEALTH.

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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 (2023)

Revenue Breakdown

Contributions & Grants $704,470

Program Service Revenue $35,194

Investment Income $38,890

Other Revenue $0

TOTAL REVENUE $778,554

Expense Breakdown

Grants Paid $0

Salaries & Benefits $405,320

Fundraising Expenses $2,068

Program Expenses $864,083

Other Expenses $460,831

TOTAL EXPENSES $866,151

Year-over-Year Comparison

	2023	2022	Change
Revenue	$778,554	$860,146	-0.1%
Expenses	$866,151	$813,968	+0.1%
Net Income	$-87,597	$46,178	-2.9%

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

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

$74,878

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BEVERLY FERRY	CEO	40.00	Officer	$74,878	$0	$74,878
RHONDA CARR	DIRECTOR	2.00	Director	$0	$0	$0
PENNY COLLINS	PRESIDENT	2.00	Officer Director	$0	$0	$0
MICHELLE GRESSLEY	TREASURER	2.00	Officer Director	$0	$0	$0
PAT LYNN	SECRETARY	2.00	Officer Director	$0	$0	$0
KELLY SMITH	DIRECTOR	2.00	Director	$0	$0	$0
BEN SNYDER	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
RICHARD TUCKER	DIRECTOR	2.00	Director	$0	$0	$0
BEV VANDERPOOL	DIRECTOR	2.00	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	No data	No data	No data	No data
2023	$778,554	$866,151	$749,782	$-87,597
2022	$860,146	$813,968	$863,526	$46,178
2021	$939,153	$762,529	$860,864	$176,624
2020	$921,474	$818,961	$719,386	$102,513
2019	$1,017,938	$769,612	$565,120	$248,326
2018	$719,925	$761,467	$265,034	$-41,542

LIVING WELL IN WABASH COUNTY COA INC