FIVECAP 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

1965

Legal Domicile

Principal Officer

MARY L TRUCKS

Phone

2317573785

Tax Period

2023-10-01 to 2024-09-30

FIVECAP INC, founded in 1965, is a community nonprofit in the Human Services sector that reported $5.0M in total revenue in fiscal year 2023.

Mission

THE AGENCY WAS CREATED UNDER TITLE II OF THE ECONOMIC OPPORTUNITY ACT OF 1964, AS AMENDED. THE AGENCY'S PROGRAMS WERE CREATED TO FOCUS ALL AVAILABLE STATE, FEDERAL, AND PRIVATE RESOURCES TOWARD ENABLING LOW-INCOME FAMILIES AND LOW-INCOME INDIVIDUALS OF ALL AGES IN RURAL AREAS TO ATTAIN AND SECURE THE OPPORTUNITIES NEEDED FOR THEM TO BE SELF-SUFFICIENT.

Program Service Accomplishments

Program 1

Expenses: $3,215,062 Revenue: $15,516

PROVIDED HEAD START AND EARLY HEAD START SERVICES IN LAKE COUNTY, MANISTEE COUNTY, MASON COUNTY AND NEWAYGO COUNTY. The objectives of the programs are to promote the school readiness of low-income...

PROVIDED HEAD START AND EARLY HEAD START SERVICES IN LAKE COUNTY, MANISTEE COUNTY, MASON COUNTY AND NEWAYGO COUNTY. The objectives of the programs are to promote the school readiness of low-income preschool children (ages 3 to 5) by enhancing their cognitive, social, and emotional development in learning environments that support their growth in language, literacy, mathematics, science, social and emotional functioning, creative art, physical skills, and approaches to learning. Parents also receive social services and participate in various decision-making processes related to the operation of the program.

Program 2

Expenses: $726,861 Revenue: $0

ADMINISTERED SUPPLEMENTAL FOOD AND EMERGENCY FOOD PROGRAMS TO QUALIFYING SENIORS AND FAMILIES WITH CHILDREN WHO MEET INCOME AND OTHER GUIDELINES OF THE RESPECTIVE GRANT AGENCIES. The objective of the Emergency Food Assistance Program (TEFAP) Cluster is to provide U.S. Department of Agriculture (USDA)-donated commodities to low-income households for home consumption, and to provide hot meals prepared from USDA-donated commodities to needy persons in congregate settings.

Program 3

Expenses: $182,823 Revenue: $0

COMMUNITY SERVICES BLOCK GRANT ADMINISTRATION.

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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 $4,887,163

Program Service Revenue $99,858

Investment Income $45

Other Revenue $-774

TOTAL REVENUE $4,986,292

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,954,678

Fundraising Expenses $0

Program Expenses $4,235,157

Other Expenses $2,026,792

TOTAL EXPENSES $4,981,470

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,986,292	$4,926,208	+0.0%
Expenses	$4,981,470	$4,891,029	+0.0%
Net Income	$4,822	$35,179	-0.9%

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

300

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

$306,057

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY L TRUCKS	EXECUTIVE DIRECTOR	40.0	Officer	$190,857	$16,747	$207,604
PHILLIP ANDRES	CHIEF FINANCIAL OFFICER	40.0	Officer	$90,881	$7,572	$98,453
ANITA BROWN	CHAIRPERSON	1.0	Officer Director	$0	$0	$0
ROB HENRY	TREASURER	1.0	Officer Director	$0	$0	$0
ROMAYNE HOLLIS-RAINES	DIRECTOR	1.0	Director	$0	$0	$0
JUDY NORTH	DIRECTOR	1.0	Director	$0	$0	$0
ROBERT WATKINS	DIRECTOR	1.0	Director	$0	$0	$0
VEDRA GANT	SECRETARY	1.0	Officer Director	$0	$0	$0
MARTIN BROWN	DIRECTOR	1.0	Director	$0	$0	$0
CRAIG KENNEDY	DIRECTOR	1.0	Director	$0	$0	$0
CHRISTINE BIERS	DIRECTOR	1.0	Director	$0	$0	$0
JANET ANDERSON	DIRECTOR	1.0	Director	$0	$0	$0
NIKKI KOONS	DIRECTOR	1.0	Director	$0	$0	$0
COREY VAN FLEET	DIRECTOR	1.0	Director	$0	$0	$0
CLYDE WELFORD	DIRECTOR	1.0	Director	$0	$0	$0
DAN COUSAR	DIRECTOR	1.0	Director	$0	$0	$0
LEIGHA WITHAM	DIRECTOR	1.0	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	$4,986,292	$4,981,470	$2,286,654	$4,822
2023	$4,926,208	$4,891,029	$2,324,662	$35,179
2022	$4,513,370	$4,572,743	$2,347,732	$-59,373
2021	$5,811,929	$5,801,665	$2,585,745	$10,264
2020	$5,642,411	$5,572,766	$2,371,596	$69,645
2019	$5,328,580	$5,375,350	$2,306,438	$-46,770
2018	$5,675,596	$5,778,882	$2,395,265	$-103,286