UNITED WAY FOUNDATION OF ABILENE

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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

2014

Legal Domicile

Principal Officer

DR CATHY ASHBY

Phone

3256771841

Tax Period

2023-01-01 to 2023-12-31

UNITED WAY FOUNDATION OF ABILENE, founded in 2014, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.9M in total revenue in fiscal year 2023. Revenue surged 271% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.9M, a strong 98% operating margin.

Mission

THE FOUNDATION IS BUILDING A PERMANENT, STABLE AVENUE OF SUPPORT TO ENSURE CONTINUED FUNDING OF UNITED WAY OF ABILENE'S NETWORK OF AGENCIES AND PROGRAMS THAT MEET THE BASIC NEEDS OF PEOPLE IN ABILENE AND WEST CENTRAL TEXAS.

Program Service Accomplishments

Program 1

CONTRIBUTIONS TO THE FOUNDATION'S ENDOWMENT PRESERVE UNITED WAY OF ABILENE'S ABILITY TO CONTINUE FUNDING PROGRAMS IN HEALTH, EDUCATION, AND FINANCIAL STABILITY FOR LOCAL FAMILIES AND INDIVIDUALS EVEN IN THE EVENT OF UNFORESEEN EMERGENCIES OR PERIODS OF ECONOMIC CHANGE IN OUR COMMUNITY. THESE NON-PROFIT PROGRAMS FORM THE BUILDING BLOCKS OF GOOD LIVES FOR EVERYONE.

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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 $1,740,169

Program Service Revenue $0

Investment Income $170,629

Other Revenue $0

TOTAL REVENUE $1,910,798

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $3,300

Other Expenses $40,365

TOTAL EXPENSES $40,365

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,910,798	$515,496	+2.7%
Expenses	$40,365	$67,160	-0.4%
Net Income	$1,870,433	$448,336	+3.2%

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

$117,892

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT DUESER	CHAIR	1.00	Officer Director	$0	$0	$0
GEOFF HANEY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
HILLARY MOORE	TREASURER	1.00	Officer Director	$0	$0	$0
CAROLYN BECKHAM	SECRETARY	1.00	Officer Director	$0	$0	$0
LEROY BOLT	DIRECTOR	1.00	Director	$0	$0	$0
LEE HAMPTON	DIRECTOR	1.00	Director	$0	$0	$0
DR SARA TRAMMELL	DIRECTOR	1.00	Director	$0	$0	$0
DR PHIL CHRISTOPHER	DIRECTOR	1.00	Director	$0	$0	$0
DR CATHY ASHBY	PRESIDENT	1.00	Officer	$0	$14,261	$117,892

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	$1,910,798	$40,365	$6,700,646	$1,870,433
2022	$515,496	$67,160	$4,532,975	$448,336
2021	$402,768	$27,685	$4,675,071	$375,083
2020	$712,741	$16,562	$4,136,861	$696,179
2019	$144,325	$17,805	$3,222,028	$126,520
2018	$132,780	$16,927	$2,783,977	$115,853