CARE RESOURCES 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

2000

Legal Domicile

Principal Officer

MALCOLM WILLINGHAM

Phone

8436854976

Tax Period

2024-07-01 to 2025-06-30

CARE RESOURCES INC, founded in 2000, is a small nonprofit in the Mental Health sector that reported $345K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year.

Mission

THE ORGANIZATION PROVIDES PROFESSIONAL COUNSELING, LECTURES, FILMS AND OTHER EDUCATIONAL FAMILY SERVICES. THE ORGANIZATION OPERATES A SERENITY CHAPEL AS A PLACE OF WORSHIP OUTSIDE OF CHURCH PROVIDING A BALANCE BETWEEN COUNSELING AND MINISTRIES. A THRIFT STORE IS IN OPERATION.

Program Service Accomplishments

Program 1

Expenses: $299,009

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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 $311,024

Program Service Revenue $0

Investment Income $0

Other Revenue $33,685

TOTAL REVENUE $344,709

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,153

Fundraising Expenses $0

Program Expenses $299,009

Other Expenses $340,013

TOTAL EXPENSES $342,166

Year-over-Year Comparison

	2024	2023	Change
Revenue	$344,709	$373,904	-0.1%
Expenses	$342,166	$372,702	-0.1%
Net Income	$2,543	$1,202	+1.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MALCOLM WILLINGHAM	EXECUTIVE DIRECTOR	40.00	Officer Highest	$0	$0	$0
CRAIG WILLINGHAM	DIRECTOR	25.00	Officer	$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	$344,709	$342,166	$433,770	$2,543
2024	No data	No data	No data	No data
2023	$383,862	$376,969	$430,536	$6,893
2022	$400,133	$391,325	$423,643	$8,808
2021	$374,560	$373,271	$414,835	$1,289
2020	$411,921	$406,926	$413,393	$4,995
2019	$476,792	$487,158	$408,398	$-10,366
2018	$460,631	$459,326	$418,853	$1,305