WORCESTER COUNTY GOLD INC (EIN 522041906) - Form 990 Financial Analysis & Trantor Score

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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

1996

Legal Domicile

Principal Officer

SHANNON WRIGHT

Phone

4432356525

Tax Period

2024-01-01 to 2024-12-31

WORCESTER COUNTY GOLD INC, founded in 1996, is a small nonprofit in the Human Services sector that reported $349K in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $401K exceeded revenue, resulting in a 15% operating deficit.

Mission

PROVIDES EMERGENCY FINANCIAL ASSISTANCE AND ITEMS TO MEET BASIC NEEDS FOR THOSE EXPERIENCING AN UNEXPECTED CRISIS WHILE ALREADY LIVING IN POVERTY TO: PREVENT EVICTIONS, PREVENT DISCONNECTION OF UTILITIES OR RECONNECT UTILITY SERVICES, PROVIDE FOOD AND CLOTHING, MEET URGENT MEDICAL NEEDS, PROVIDE ASSISTANCE TO SECURE OR MAINTAIN EMPLOYMENT, PROVIDE CRUCIAL TRANSPORTATION, ASSIST CHILDREN TRANSITIONING FROM HOMES INTO FOSTER CARE, AND TO PROVIDE ITEMS TO MEET BASIC NEEDS FOR INFANTS AND CHILDREN, FAMILIES IN CRISIS, THOSE WHO ARE HOMELESS, AND VULNERABLE ADULTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $292,469

Program Service Revenue $0

Investment Income $15,803

Other Revenue $40,434

TOTAL REVENUE $348,706

Expense Breakdown

Grants Paid $287,969

Salaries & Benefits $79,994

Fundraising Expenses $14,879

Program Expenses $364,474

Other Expenses $32,722

TOTAL EXPENSES $400,685

Year-over-Year Comparison

	2024	2023	Change
Revenue	$348,706	$465,495	-0.3%
Expenses	$400,685	$443,803	-0.1%
Net Income	$-51,979	$21,692	-3.4%

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

157

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
W HANK FISHER	B.O.D. MEMBE	0.50	Director	$0	$0	$0
AMANDA KIESEWETTER	TREASURER	1.50	Officer Director	$0	$0	$0
AMBER RAY	SECRETARY	1.00	Officer Director	$0	$0	$0
BETHANY ROBINSON	B.O.D. MEMBE	0.50	Director	$0	$0	$0
JOSEPH SCHANNO	B.O.D. MEMBE	0.50	Director	$0	$0	$0
NICOLE SELBY	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
TINA SIMMONS	B.O.D. MEMBE	0.50	Director	$0	$0	$0
KIM SPRING	B.O.D. MEMBE	0.50	Director	$0	$0	$0
KAYLA WALLACE	B.O.D. MEMBE	0.50	Director	$0	$0	$0
TERRI WESTCOTT	B.O.D. MEMBE	0.50	Director	$0	$0	$0
TRACEY WHITE	B.O.D. MEMBE	0.50	Director	$0	$0	$0
SHANNON WRIGHT	PRESIDENT	2.00	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	$348,706	$400,685	$449,992	$-51,979
2023	$465,495	$443,803	$506,630	$21,692
2022	$353,710	$344,409	$437,753	$9,301
2021	$293,507	$259,232	$474,259	$34,275
2020	$306,519	$266,951	$401,919	$39,568
2019	$299,587	$303,272	$348,653	$-3,685
2018	$250,864	$253,658	$319,228	$-2,794

WORCESTER COUNTY GOLD INC