WESTERN CAROLINA RESCUE MINISTRIES… - Form 990 Financial Data

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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

1981

Legal Domicile

Principal Officer

REV MICHEAL WOODS

Phone

8282541529

Tax Period

2024-01-01 to 2024-12-31

WESTERN CAROLINA RESCUE MINISTRIES INC, founded in 1981, is a community nonprofit in the Housing & Shelter sector that reported $3.3M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

PROVIDE FOOD, SHELTER, REHABILITATION AND CHRISTIAN MINISTRY TO THE POOR AND HOMELESS

Program Service Accomplishments

Program 1

Expenses: $2,566,967 Revenue: $15,962

PROVIDE FOOD, SHELTER, REHABILITATION AND CHRISTIAN MINISTRY TO THE POOR AND HOMELESS IN ASHEVILLE NC.

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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 $3,153,471

Program Service Revenue $15,962

Investment Income $6,482

Other Revenue $86,210

TOTAL REVENUE $3,262,125

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,622,570

Fundraising Expenses $364,116

Program Expenses $2,566,967

Other Expenses $1,468,952

TOTAL EXPENSES $3,219,530

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,262,125	$2,812,675	+0.2%
Expenses	$3,219,530	$3,081,605	+0.0%
Net Income	$42,595	$-268,930	-1.2%

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

1800

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE GABLER	SECRETARY	1.00	Officer Director	$0	$0	$0
BRAD GALBRAITH	MEMBER	1.00	Director	$0	$0	$0
BRIAN GOMPERS	TREASURER	1.00	Officer Director	$0	$0	$0
CHARLES KIMMEL	MEMBER	1.00	Director	$0	$0	$0
BARRY LAWSON	VICE CHAIRMA	1.00	Officer Director	$0	$0	$0
KEVIN MATHIS	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JOHN MCCLUNG	MEMBER	1.00	Director	$0	$0	$0
RICKY WOLFE	MEMBER	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
2025	No data	No data	No data	No data
2024	$3,262,125	$3,219,530	$6,398,467	$42,595
2023	$2,812,675	$3,081,605	$6,045,541	$-268,930
2022	$3,376,276	$3,182,648	$5,975,952	$193,628
2021	$4,234,632	$2,567,045	$6,677,351	$1,667,587
2020	$3,232,156	$2,178,999	$4,988,854	$1,053,157
2019	$2,666,025	$2,549,541	$3,609,580	$116,484
2018	$2,760,285	$2,642,660	$3,701,516	$117,625

WESTERN CAROLINA RESCUE MINISTRIES INC