UNITED WAY OF WILKES COUNTY INC (EIN 560942846) - 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

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

THE MISSION OF THE UNITED WAY OF WILKES COUNTY IS TO INVOLVE THE ENTIRE COMMUNITY TO IDENTIFY OUR COMMUNITY'S NEEDS, DEVELOP RESOURCES AND PARTNER WITH PROGRAMS TO MEET THESE NEEDS.

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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

UNITED WAY OF WILKES COUNTY INC