UNITED WAY OF POSEY COUNTY 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

1963

Legal Domicile

Principal Officer

Staci Reese

Phone

8128383637

Tax Period

2023-01-01 to 2023-12-31

UNITED WAY OF POSEY COUNTY INC, founded in 1963, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $472K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $546K exceeded revenue, resulting in a 16% operating deficit.

Mission

The United Way of Posey County will provide visionary leadership to assess the community needs, mobilize resources, and direct those resources toward services which enhance the quality of life for people living in Posey County.

Program Service Accomplishments

Program 1

Expenses: $440,079 Revenue: $1,143

Funding to local not-for-profit organizations focused on achieving outcomes in specific areas determined to be essential in improving people's lives and strengthening our community: helping children and family lead successful lives, improving health and independence, responding to emergency and basic needs, and encouraging civic and neighborhood involvement.

Program 2

Expenses: $500 Revenue: $0

Providing the EBD Youth Spirit Award for an incoming high school senior from Posey County to recognize and encourage community volunteerism, leadership and involvement in the community youth.

Program 3

Expenses: $0 Revenue: $0

Providing information and training services for volunteers from this organization and all local non-profit organizations by sponsoring workshops on relevant topics available at no charge.

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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 $466,598

Program Service Revenue $1,143

Investment Income $4,412

Other Revenue $0

TOTAL REVENUE $472,153

Expense Breakdown

Grants Paid $363,911

Salaries & Benefits $126,859

Fundraising Expenses $40,524

Program Expenses $440,579

Other Expenses $55,555

TOTAL EXPENSES $546,325

Year-over-Year Comparison

	2023	2022	Change
Revenue	$472,153	$560,264	-0.2%
Expenses	$546,325	$501,006	+0.1%
Net Income	$-74,172	$59,258	-2.3%

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

150

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

$64,260

Total Directors