Commonwealth Cares Inc (EIN 474551340) - 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

2015

Legal Domicile

Principal Officer

Tommy Comer

Phone

4349812512

Tax Period

2024-01-01 to 2024-12-31

Commonwealth Cares Inc, founded in 2015, is a small nonprofit in the Human Services sector that reported $123K in total revenue in fiscal year 2018. Revenue fell 31% from the prior year — a significant decline worth monitoring.

Mission

The organization provides benevolent assistance to senior living employees and their families to assist with rent, medical bills, funeral expenses, and expenses incurred due to emergency situations.

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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 $180,420

Program Service Revenue $0

Investment Income $0

Other Revenue $-23,343

TOTAL REVENUE $157,077

Expense Breakdown

Grants Paid $96,434

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $107,013

Other Expenses $19,580

TOTAL EXPENSES $116,014

Year-over-Year Comparison

	2024	2023	Change
Revenue	$157,077	$105,031	+0.5%
Expenses	$116,014	$116,012	+0.0%
Net Income	$41,063	$-10,981	-4.7%

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

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
Tommy J Comer Jr	Founder	002.00	Officer Director	$0	$0	$0
Josh Allen	Director	002.00	Director	$0	$0	$0
Tyler Parham	Chair	002.00	Officer Director	$0	$0	$0
Greg Corns	Vice President	002.00	Officer Director	$0	$0	$0
Ashley Williams	Treasurer	004.00	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
2024	$157,077	$116,014	$190,433	$41,063
2023	$105,031	$116,012	$149,370	$-10,981
2022	$194,994	$108,019	$160,351	$86,975
2021	$126,530	$119,576	$73,376	$6,954
2020	$115,045	$139,605	$69,922	$-24,560
2019	$176,668	$111,310	$105,857	$65,358
2018	$122,926	$134,642	$39,559	$-11,716

Commonwealth Cares Inc