Wake Enterprises Inc (EIN 561248778) - 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

1979

Legal Domicile

Principal Officer

Shannon Durbin

Phone

9197146100

Tax Period

2023-07-01 to 2024-06-30

Wake Enterprises Inc, founded in 1979, is a community nonprofit in the Employment sector that reported $2.7M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

Wake Enterprises, Inc.'s mission is to assist people with disabilities to achieve their maximum level of independence.

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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 $407,068

Program Service Revenue $2,250,766

Investment Income $5,729

Other Revenue $6,297

TOTAL REVENUE $2,669,860

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,236,569

Other Expenses $2,623,503

TOTAL EXPENSES $2,623,503

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,669,860	$2,398,027	+0.1%
Expenses	$2,623,503	$2,302,435	+0.1%
Net Income	$46,357	$95,592	-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

N/A

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

$1,180,311

Total Directors

$1,538,753

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ryan D Smith	Director	1.00	Director	$621	$20,114	$1,405,199
Oshana M Watkins	President until 7/18/23	40.00	Officer Director	$74,393	$1,465	$75,858
Laura Radulescu	Executive Director	40.00	Officer Director	$56,959	$737	$57,696
Eliot Green	President	1.00	Officer Director	$0	$0	$0
Deborah Holt Noel	President until 7/31/23	1.00	Officer Director	$0	$0	$0
Lorrie Gregg Hargreaves	Vice President until 8/22/23	1.00	Officer Director	$0	$0	$0
Dixie Blackmon	Director until 1/23/24	1.00	Director	$0	$0	$0
Wyatt Buckingham	Director until 1/23/24	1.00	Director	$0	$0	$0
Richard Greb	Director until 1/23/24	1.00	Director	$0	$0	$0
Avery Scales	Director	1.00	Director	$0	$0	$0
Susan Scott Daly	Director until 1/23/24	1.00	Director	$0	$0	$0
Wendy Starnes	Director	1.00	Director	$0	$0	$0
Thomas S Papa	Treasurer	1.00	Officer	$0	$18,710	$700,236
Jennifer P Gassen	Secretary	1.00	Officer	$0	$34,395	$346,521
Joseph F Leone Jr	Former Treasurer	0.00		$0	$1,739	$464,322

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	No data	No data	No data	No data
2024	$2,669,860	$2,623,503	$3,661,079	$46,357
2023	$2,398,027	$2,302,435	$4,227,033	$95,592
2022	$2,163,605	$2,078,161	$4,171,392	$85,444
2021	$2,774,198	$2,094,794	$4,174,485	$679,404
2020	$2,348,301	$2,654,157	$5,337,274	$-305,856
2019	$2,571,692	$2,971,510	$5,727,491	$-399,818
2018	$2,606,822	$2,732,224	$4,201,737	$-125,402

Wake Enterprises Inc