ICARE INC

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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

1965

Legal Domicile

Principal Officer

BRYAN DUNCAN

Phone

7048728141

Tax Period

2024-05-01 to 2025-04-30

ICARE INC, founded in 1965, is a community nonprofit that reported $4.5M in total revenue in fiscal year 2024.

Mission

TO EMPOWER AND ASSIST INDIVIDUALS AND FAMILIES WITH LOW-INCOMES TO ATTAIN SKILLS, KNOWLEDGE, MOTIVATION AND OPPORTUNITIES TO BECOME SELF-SUFFICIENT AND INDEPENDENT AS WELL AS REVITALIZE THEIR COMMUNITIES

Program Service Accomplishments

Program 1

Expenses: $3,287,417 Revenue: $11,771

HEAD START AND EARLY HEAD START PROGRAMS - THESE PROGRAMS OF THE U.S. DEPARTMENT OF HEALTH AND HUMAN SERVICES PROVIDES EDUCATIONAL, NUTRITION, AND SOCIAL SERVICES TO LOW-INCOME FAMILIES WITH CHILDREN TO HELP ENSURE THAT THE CHILDREN ARE READY TO START SCHOOL. HEAD START SERVES FAMILIES WITH CHILDREN THAT ARE THREE AND FOUR YEARS OF AGE AND EARLY HEAD START SERVES FAMILIES WITH CHILDREN THAT ARE UNDER THREE YEARS OF AGE.

Program 2

Expenses: $478,029

THE WEATHERIZATION ASSISTANCE PROGRAM (WAP) WAS DESIGNED TO HELP CITIZENS WHO MEET FEDERAL LOW-INCOME GUIDELINES TO LOWER THEIR HOME ENERGY USAGE AND COSTS. AN ENERGY ASSESSMENT IS CONDUCTED TO...

THE WEATHERIZATION ASSISTANCE PROGRAM (WAP) WAS DESIGNED TO HELP CITIZENS WHO MEET FEDERAL LOW-INCOME GUIDELINES TO LOWER THEIR HOME ENERGY USAGE AND COSTS. AN ENERGY ASSESSMENT IS CONDUCTED TO IDENTIFY THE MOST COST-EFFECTIVE ENERGY IMPROVEMENTS FOR THE DWELLING. REPAIRS AND/OR REPLACEMENT OF INEFFICIENT HEATING AND AIR SYSTEMS ARE PERFORMED AT NO COST TO ELIGIBLE HOUSEHOLDS.

Program 3

Expenses: $330,359

COMMUNITY SERVICES BLOCK GRANT - BUILDS OPPORTUNITES FOR SELF SUFFICIENCY THROUGH INTENSIVE CASE MANAGEMENT, GUIDANCE AND REFERRALS. LOW-INCOME ADULT INDIVIDUALS AND FAMILIES ARE AIDED IN BECOMING...

COMMUNITY SERVICES BLOCK GRANT - BUILDS OPPORTUNITES FOR SELF SUFFICIENCY THROUGH INTENSIVE CASE MANAGEMENT, GUIDANCE AND REFERRALS. LOW-INCOME ADULT INDIVIDUALS AND FAMILIES ARE AIDED IN BECOMING SELF-SUFFICIENT. ASSISTANCE AND TRAININGS AVAILABLE INCLUDE SUPPORTIVE SERVICES, FINANCIAL MANAGEMENT, JOB READINESS AND TRAINING, EDUCATIONAL ASSISTANCE, EMPLOYMENT ASSISTANCE AND HOUSING ASSISTANCE.

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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 $4,420,082

Program Service Revenue $11,771

Investment Income $110

Other Revenue $80,985

TOTAL REVENUE $4,512,948

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,982,738

Fundraising Expenses $0

Program Expenses $4,557,746

Other Expenses $1,674,574

TOTAL EXPENSES $4,657,312

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,512,948	$4,615,352	0.0%
Expenses	$4,657,312	$4,461,343	+0.0%
Net Income	$-144,364	$154,009	-1.9%

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

$241,965

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BETH KENDALL	DIRECTOR	0.50	Director	$0	$0	$0
HEATHER GRIFFIN	BOARD VICE-CHAIR	0.50	Officer Director	$0	$0	$0
JACOBI GRAY	DIRECTOR	0.50	Director	$0	$0	$0
JAKE LOWMAN	BOARD CHAIR	0.50	Officer Director	$0	$0	$0
JANICE GILLIAM	DIRECTOR	0.50	Director	$0	$0	$0
LILIANA JIMENEZ	DIRECTOR	0.50	Director	$0	$0	$0
LOUIS WEEKS	SECRETARY/TREASURER	0.50	Officer Director	$0	$0	$0
MICHELLE EDWARDS	DIRECTOR	0.50	Director	$0	$0	$0
NICOLE GRAY	DIRECTOR	0.50	Director	$0	$0	$0
REV JOHN MCDONALD JR	DIRECTOR	0.50	Director	$0	$0	$0
RONDA FAGAN	DIRECTOR	0.50	Director	$0	$0	$0
SCOTTY MOORE	DIRECTOR	0.50	Director	$0	$0	$0
SHERRY ASHLEY	DIRECTOR	0.50	Director	$0	$0	$0
TRACY WEATHERFORD	DIRECTOR	0.50	Director	$0	$0	$0
DYRITA ELLIS	DIRECTOR	0.50	Director	$0	$0	$0
JOANNA SMITH	DIRECTOR	0.50	Director	$0	$0	$0
JAKETA MAUNEY	DIRECTOR	0.50	Director	$0	$0	$0
BRYAN DUNCAN	EXECUTIVE DIRECTOR	40.00	Officer	$145,557	$14,774	$160,331
REBA BOWENS	FINANCE DIRECTOR	40.00	Officer	$70,386	$11,248	$81,634

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	$4,512,948	$4,657,312	$891,523	$-144,364
2024	$4,615,352	$4,461,343	$1,035,144	$154,009
2023	$4,273,569	$4,142,898	$881,924	$130,671
2022	$3,815,246	$3,894,801	$593,366	$-79,555
2021	$3,972,250	$4,104,249	$651,709	$-131,999
2020	$3,929,554	$3,890,490	$647,296	$39,064
2019	$3,898,921	$3,816,531	$593,172	$82,390