Wilmington Area Rebuilding Ministr… - 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

1998

Legal Domicile

Principal Officer

Scott Donaldson

Phone

9103997563

Tax Period

2025-01-01 to 2025-12-31

Wilmington Area Rebuilding Ministry Inc, founded in 1998, is a community nonprofit in the Housing & Shelter sector that reported $4.7M in total revenue in fiscal year 2025. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $4.1M left a modest 14% surplus.

Mission

At WARM, we bring together volunteers and trusted contractors to take care of urgent home repairs-so people can live safely, independently, and with dignity. We focus on repairs that impact health and accessibility for homeowners who may not have the resources to fix critical issues on their own. We partner with community organizations, regional governments, and local service providers to be proactive and focus on repairs that can be detrimental to one's health and accessibility. WARM's areas of impact are affordable housing preservation, health and wellness, workforce development, and disaster resiliency. The majority of our funding is from government sources (69%) and private support (29%).

Program Service Accomplishments

Program 1

Expenses: $3,651,316 Revenue: $1,347,941

As we enter our 30th year (2026), we have rebuilt 2,650 homes in our seven-county service area that includes Bladen, Brunswick, Columbus, Duplin, New Hanover, Onslow, and Pender.To qualify for WARM's services, homeowners must be at or below certain income thresholds (usually 50%) based on area median income for their county of residence and must have resided in and owned their homes for at least three years. WARM served 367 households in 2025 and 555 households in 2024.

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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 (2025)

Revenue Breakdown

Contributions & Grants $3,302,022

Program Service Revenue $146,077

Investment Income $15,766

Other Revenue $1,284,273

TOTAL REVENUE $4,748,138

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,145,680

Fundraising Expenses $238,917

Program Expenses $3,651,316

Other Expenses $1,957,506

TOTAL EXPENSES $4,103,186

Year-over-Year Comparison

	2025	2024	Change
Revenue	$4,748,138	$6,969,669	-0.3%
Expenses	$4,103,186	$4,852,561	-0.2%
Net Income	$644,952	$2,117,108	-0.7%

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

626

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

$123,276

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Charles Chambers	President	1.00	Officer Director	$0	$0	$0
Mandy Mattox	Past President	1.00	Officer Director	$0	$0	$0
Scott Donaldson	Treasurer	1.00	Officer Director	$0	$0	$0
April Jones	Secretary	1.00	Officer Director	$0	$0	$0
Alisha Richardson	Director	1.00	Director	$0	$0	$0
William Hayes	Director	1.00	Director	$0	$0	$0
George DeLisle	Director	1.00	Director	$0	$0	$0
Brenda Dixon	Director	1.00	Director	$0	$0	$0
Murray Jones	Director	1.00	Director	$0	$0	$0
Michael Zalob	Director	1.00	Director	$0	$0	$0
Maria Rosales	Director	1.00	Director	$0	$0	$0
Allie Weaver	Director	1.00	Director	$0	$0	$0
Frank Williams	Director	1.00	Director	$0	$0	$0
Stephanie Bolick	Director	1.00	Director	$0	$0	$0
Rickman Davis	President-Elect	1.00	Officer Director	$0	$0	$0
Liz Bradley	Director	1.00	Director	$0	$0	$0
Andy Jones	Chief Executive Officer	40.00	Officer	$113,071	$10,205	$123,276

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
2025	$4,748,138	$4,103,186	$5,193,048	$644,952
2024	$6,969,669	$4,852,561	$5,021,029	$2,117,108
2023	$4,430,188	$4,258,076	$4,723,478	$172,112
2022	$3,839,184	$3,370,952	$2,387,306	$468,232
2021	$3,059,976	$2,992,513	$1,922,859	$67,463
2020	$2,053,171	$1,912,790	$1,863,807	$140,381
2019	$2,040,910	$1,935,379	$1,729,748	$105,531
2018	$1,779,275	$1,126,894	$1,281,148	$652,381

Wilmington Area Rebuilding Ministry Inc