HELPING HANDS OF WABASH COUNTY INC (EIN 351873345) - 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

1993

Legal Domicile

Principal Officer

LORRAINE J SELLECK

Phone

2605638775

Tax Period

2023-01-01 to 2023-12-31

HELPING HANDS OF WABASH COUNTY INC, founded in 1993, is a micro nonprofit in the Food, Agriculture & Nutrition sector that reported $37K in total revenue in fiscal year 2023. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $48K exceeded revenue, resulting in a 30% operating deficit.

Mission

TO PROVIDE DISCOUNT CLOTHING AND HOUSEHOLD ITEMS TO THE NEEDY VIA A THRIFT STORE. PROCEEDS FROM THE THRIFT STORE FUNDS A SOUP KITCHEN THAT PROVIDES HOT, NUTRITIOUS MEALS TO THE NEEDY.

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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 $8,475

Program Service Revenue $28,456

Investment Income $0

Other Revenue $0

TOTAL REVENUE $36,931

Expense Breakdown

Grants Paid $13,984

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $47,981

Other Expenses $33,997

TOTAL EXPENSES $47,981

Year-over-Year Comparison

	2023	2022	Change
Revenue	$36,931	$46,366	-0.2%
Expenses	$47,981	$54,127	-0.1%
Net Income	$-11,050	$-7,761	+0.4%

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

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LORRAINE J SELLECK	PRES/ED	040.00	Officer	$0	$0	$0
EDWARD E SELLECK	VP	010.00	Officer	$0	$0	$0
THOMAS H ELSHIRE	SEC/TREAS	001.00	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
2024	No data	No data	No data	No data
2023	$36,931	$47,981	$77,114	$-11,050
2022	$46,366	$54,127	$88,911	$-7,761
2021	$59,890	$37,728	$100,384	$22,162
2020	$45,191	$35,913	$78,150	$9,278
2019	$40,111	$44,892	$68,638	$-4,781
2018	$41,087	$37,829	$73,419	$3,258

HELPING HANDS OF WABASH COUNTY INC