WE CARE RAPID CITY INC (EIN 465092658) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2014

Legal Domicile

Principal Officer

FRED HADD

Phone

6057160256

Tax Period

2024-01-01 to 2024-12-31

WE CARE RAPID CITY INC, founded in 2014, is a small nonprofit in the Human Services sector that reported $361K in total revenue in fiscal year 2018.

Mission

OUR MISSION IS TO OPERATE A THRIFT STORE IN RAPID CITY SD. THE PRICES ARE PURPOSELY SET AS THE LOWEST IN THE AREA TO OFFER AN ALTERNATIVE FOR LOWER INCOME FAMILIES. WE PROVIDE ASSISTANCE DIRECTLY TO INDIVIDUALS IN NEED REFERRED FROM THE HOPE CENTER PENNINGTON COUNTY HOUSING.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $28,810

Program Service Revenue $0

Investment Income $0

Other Revenue $318,721

TOTAL REVENUE $347,531

Expense Breakdown

Grants Paid $0

Salaries & Benefits $233,099

Fundraising Expenses $0

Program Expenses $337,214

Other Expenses $143,979

TOTAL EXPENSES $377,078

Year-over-Year Comparison

	2024	2023	Change
Revenue	$347,531	$386,194	-0.1%
Expenses	$377,078	$385,737	0.0%
Net Income	$-29,547	$457	-65.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRED HADD	PRESIDENTDIRECTOR	2.00	Officer Director	$0	$0	$0
PATRICK GRINSBACH	VICE PRESIDENTDIRECTOR	2.00	Officer Director	$0	$0	$0
JOHN FOUSEK	SECRETARYTREASURERDIRECTOR	15.00	Officer 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
2025	No data	No data	No data	No data
2024	$347,531	$377,078	$11,230	$-29,547
2023	$386,194	$385,737	$16,279	$457
2022	$374,621	$390,217	$19,199	$-15,596
2021	$391,849	$386,454	$35,267	$5,395
2020	$310,960	$305,787	$27,943	$5,173
2019	$313,694	$311,929	$22,703	$1,765
2018	$360,897	$357,309	$23,812	$3,588

WE CARE RAPID CITY INC