CARE RESOURCES INC (EIN 562219356) - 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

2000

Legal Domicile

Principal Officer

MALCOLM WILLINGHAM

Tax Period

2022-07-01 to 2023-06-30

CARE RESOURCES INC, founded in 2000, is a small nonprofit in the Mental Health sector that reported $384K in total revenue in fiscal year 2022.

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.

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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 (2022)

Revenue Breakdown

Contributions & Grants $329,931

Program Service Revenue $0

Investment Income $0

Other Revenue $53,931

TOTAL REVENUE $383,862

Expense Breakdown

Grants Paid $0

Salaries & Benefits $28,527

Fundraising Expenses $0

Program Expenses $318,689

Other Expenses $348,442

TOTAL EXPENSES $376,969

Year-over-Year Comparison

	2022	2021	Change
Revenue	$383,862	$400,133	0.0%
Expenses	$376,969	$391,325	0.0%
Net Income	$6,893	$8,808	-0.2%

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

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

$26,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CRAIG WILLINGHAM	DIRECTOR	25.00	Officer	$26,500	$0	$26,500
MALCOLM WILLINGHAM	EXECUTIVE DIRECTOR	40.00	Officer Highest	$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
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

CARE RESOURCES INC