UNITED WAY OF HENRY COUNTY & MARTINSVILLE (EIN 540753318) - 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

1937

Legal Domicile

Principal Officer

PHILIP WENKSTERN

Phone

2766383946

Tax Period

2024-01-01 to 2024-12-31

UNITED WAY OF HENRY CO & MARTINSVILLE, founded in 1937, is a small nonprofit that reported $746K in total revenue in fiscal year 2018. Revenue decreased 15% compared to the prior year. Expenses of $936K exceeded revenue, resulting in a 26% operating deficit.

Mission

THE UNITED WAY OF HENRY COUNTY-MARTINSVILLE UNITES AND MOBILIZES THE COMMUNITY IN ASSESSING AND MEETING THE CRITICAL HUMAN SERVICE NEEDS IN HENRY COUNTY-MARTINSVILLE, VIRGINIA.

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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 $2,672,141

Program Service Revenue $0

Investment Income $17,042

Other Revenue $0

TOTAL REVENUE $2,689,183

Expense Breakdown

Grants Paid $214,496

Salaries & Benefits $250,161

Fundraising Expenses $81,660

Program Expenses $2,440,587

Other Expenses $2,138,054

TOTAL EXPENSES $2,602,711

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,689,183	$2,180,468	+0.2%
Expenses	$2,602,711	$2,017,744	+0.3%
Net Income	$86,472	$162,724	-0.5%

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

160

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

$115,500

Total Directors

$115,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHILIP WENKSTERN	EXECUTIVE DI	40.00	Officer Director	$115,500	$0	$115,500
JENNIFER BOWLES	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE CANNADAY	DIRECTOR	1.00	Director	$0	$0	$0
SHANNON CLARK	DIRECTOR	1.00	Director	$0	$0	$0
GARRETT DILLARD	DIRECTOR	1.00	Director	$0	$0	$0
VERONICA FAVERO	DIRECTOR	1.00	Director	$0	$0	$0
CALLIE HIETALA	DIRECTOR	1.00	Director	$0	$0	$0
TRAVIS HODGE	DIRECTOR	1.00	Director	$0	$0	$0
SARAH HODGES	DIRECTOR	1.00	Director	$0	$0	$0
JACKIE HUGHES	PRESIDENT	1.00	Officer Director	$0	$0	$0
JESS JARRETT	DIRECTOR	1.00	Director	$0	$0	$0
HANK LONG	DIRECTOR	1.00	Director	$0	$0	$0
WAYNE MOORE	DIRECTOR	1.00	Director	$0	$0	$0
MARY NESTER	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
KEVIN SILVEIRA	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
SEBRENA SMITH	DIRECTOR	1.00	Director	$0	$0	$0
MARCUS STONE	DIRECTOR	1.00	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	$2,689,183	$2,602,711	$2,285,678	$86,472
2023	$2,180,468	$2,017,744	$2,087,432	$162,724
2022	$1,496,533	$1,554,737	$1,954,069	$-58,204
2022	$1,563,702	$1,557,886	$1,765,143	$5,816
2021	$2,065,556	$1,999,024	$1,420,841	$66,532
2020	$1,188,062	$1,132,406	$1,634,689	$55,656
2019	$1,030,456	$932,458	$1,250,640	$97,998
2018	$746,034	$936,421	$1,132,290	$-190,387

UNITED WAY OF HENRY COUNTY & MARTINSVILLE