UNITED WAY OF WILKES COUNTY 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

1953

Legal Domicile

Principal Officer

WESTLEY WOOD

Phone

3366517803

Tax Period

2023-11-01 to 2024-10-31

UNITED WAY OF WILKES COUNTY INC, founded in 1953, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $368K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $329K left a modest 10% surplus.

Mission

UNITED WAY OF WILKES COUNTY IS DEDICATED TO IMPROVING THE LIVES OF OUR CITIZENS BY UNDERWRITING IDENTIFIED PROGRAMS THAT ENHANCE THEIR WELL-BEING THROUGH OUR 21 PARTNER AGENCIES. THE UNITED WAY OF WILKES COUNTY ANNUALLY IMPACTS OVER 32,000 WILKES COUNTY INDIVIDUALS AND THEIR FAMILIES. COMMUNITY SUPPORT IS CHANNELED INTO ONE OF THREE CRUCIAL IMPACT AREAS AS IDENTIFIED BY OUR CITIZENS. THOSE AREAS ARE CRISIS INTERVENTION, EDUCATION ADVANCEMENT AND HEALTH IMPROVEMENT.

Program Service Accomplishments

Program 1

Expenses: $211,516

FUND DISTRIBUTION: THIS PROGRAM HANDLES ALL EXPENSES RELATED TO THE DISTRIBUTION OF FUNDS TO OVER 17 OTHER NON-PROFIT AGENCIES, INCLUDING RECRUITING AND TRAINING OF VOLUNTEERS AND RELATED MEETINGS...

FUND DISTRIBUTION: THIS PROGRAM HANDLES ALL EXPENSES RELATED TO THE DISTRIBUTION OF FUNDS TO OVER 17 OTHER NON-PROFIT AGENCIES, INCLUDING RECRUITING AND TRAINING OF VOLUNTEERS AND RELATED MEETINGS. THE PROGRAM PAYS AMOUNTS ALLOCATED AND PROCESSES, TRACKS AND PAYS AMOUNTS DESIGNATED. IN ADDITION, THE PROGRAM ASSISTS AGENCIES WITH THEIR OUTCOMES BASED MANAGEMENT PROCESS.

Program 2

Expenses: $12,539

COMMUNITY PROBLEM SOLVING: PARTICIPATES IN HUMAN SERVICE INITIATIVES IN THE COMMUNITY; FOR EXAMPLE, ATTEMPTING TO START AN AGENCY OR ESTABLISH COLLABORATION AMONG AGENCIES TO MEET A COMMUNITY NEED...

COMMUNITY PROBLEM SOLVING: PARTICIPATES IN HUMAN SERVICE INITIATIVES IN THE COMMUNITY; FOR EXAMPLE, ATTEMPTING TO START AN AGENCY OR ESTABLISH COLLABORATION AMONG AGENCIES TO MEET A COMMUNITY NEED. THIS PROGRAM ALSO HANDLES ALL EXPENSES FOR THE FEDERAL EMERGENCY MANAGEMENT AGENCY PROCESS, COMMUNITY NEEDS ASSESSMENT PROCESS, PARTICIPATING IN THE VOLUNTEER COALITION, INFORMATION AND REFERRAL, AND MAINTAINING THE IRIS (INFORMATION AND REFERRAL SOFTWARE) DATABASE.

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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 $272,200

Program Service Revenue $0

Investment Income $95,527

Other Revenue $0

TOTAL REVENUE $367,727

Expense Breakdown

Grants Paid $208,000

Salaries & Benefits $74,925

Fundraising Expenses $36,391

Program Expenses $224,055

Other Expenses $46,418

TOTAL EXPENSES $329,343

Year-over-Year Comparison

	2023	2022	Change
Revenue	$367,727	$320,356	+0.1%
Expenses	$329,343	$356,400	-0.1%
Net Income	$38,384	$-36,044	-2.1%

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

N/A

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

$55,900

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREG EDWARDS	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE BARE	ASST TREASURER	1.00	Officer Director	$0	$0	$0
KAREN WORLEY	TREASURER	4.00	Officer Director	$0	$0	$0
LEE BENTLEY	DIRECTOR	1.00	Director	$0	$0	$0
PETEY HORTON	DIRECTOR	1.00	Director	$0	$0	$0
ARNOLD LAKEY	DIRECTOR	1.00	Director	$0	$0	$0
GERALD LANKFORD	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG LANGSTON	PAST PRESIDENT	1.00	Director	$0	$0	$0
BETSY WELBORN	DIRECTOR	1.00	Director	$0	$0	$0
DEANA BILLINGS	DIRECTOR	1.00	Director	$0	$0	$0
EVAN HANDY	DIRECTOR	1.00	Director	$0	$0	$0
ERICA HARPER	DIRECTOR	1.00	Director	$0	$0	$0
JENNY MORGAN	DIRECTOR	1.00	Director	$0	$0	$0
PAT OSBORNE	DIRECTOR	1.00	Director	$0	$0	$0
JOYCE TRIPLETT	DIRECTOR	1.00	Director	$0	$0	$0
WESTLEY WOOD	PRESDIENT	1.00	Director	$0	$0	$0
NANCY WATSON	DIRECTOR	1.00	Director	$0	$0	$0
CRYSTAL OWENS	DIRECTOR	1.00	Director	$0	$0	$0
CLARA HICKMAN	SECRETARY	30.00	Officer	$55,900	$0	$55,900

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	$367,727	$329,343	$471,042	$38,384
2023	$320,356	$356,400	$441,016	$-36,044
2022	$260,474	$388,016	$464,940	$-127,542
2021	$400,167	$415,795	$598,321	$-15,628
2020	$436,979	$415,917	$632,958	$21,062
2019	$406,727	$407,323	$613,004	$-596