FIGS OF WAKE COUNTY INC (EIN 581474642) - 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

1982

Legal Domicile

Principal Officer

W MARC GILFILLAN CPA

Phone

9198489024

Tax Period

2024-01-01 to 2024-12-31

FIGS OF WAKE COUNTY INC, founded in 1982, is a small nonprofit that reported $248K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $282K exceeded revenue, resulting in a 14% operating deficit.

Mission

TO FILL IN GAPS FOR WAKE COUNTY RESIDENTS NEEDING HELP PURCHASING MEDICINE AND MEDICAL SUPPLIES.

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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 $240,291

Program Service Revenue $0

Investment Income $7,845

Other Revenue $0

TOTAL REVENUE $248,136

Expense Breakdown

Grants Paid $147,928

Salaries & Benefits $26,400

Fundraising Expenses $16,595

Program Expenses $248,953

Other Expenses $107,712

TOTAL EXPENSES $282,040

Year-over-Year Comparison

	2024	2023	Change
Revenue	$248,136	$269,817	-0.1%
Expenses	$282,040	$265,380	+0.1%
Net Income	$-33,904	$4,437	-8.6%

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

350

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

$26,400

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANN C THOMAS	EXECUTIVE DI	30.00	Officer	$26,400	$0	$26,400
DIANE LAHTI	PRESIDENT	15.00	Officer Director	$0	$0	$0
MYRA FISHER	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
W MARC GILFILLAN CPA	TREASURER	3.00	Officer Director	$0	$0	$0
DELOIS WARD	SECRETARY	2.00	Officer Director	$0	$0	$0
GLENN M DAVIS	BOARD MEMBER	1.00	Director	$0	$0	$0
AMY CLARKE PHARM D	BOARD MEMBER	1.00	Director	$0	$0	$0
SABRA FAIRES JD	BOARD MEMBER	1.00	Director	$0	$0	$0
PANSY YMORTON	BOARD MEMBER	1.00	Director	$0	$0	$0
BEN SUTTLE PHD	BOARD MEMBER	1.00	Director	$0	$0	$0
MARSHA RUSSELL MD	BOARD MEMBER	1.00	Director	$0	$0	$0
BRENT TALLEY PHARMD	BOARD 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
2024	$248,136	$282,040	$142,303	$-33,904
2023	$269,817	$265,380	$178,608	$4,437
2022	$263,744	$294,846	$174,125	$-31,102
2022	$263,284	$294,386	$174,125	$-31,102
2021	$250,263	$218,672	$200,403	$31,591
2020	$205,867	$182,010	$550,989	$23,857
2019	$217,866	$205,273	$494,791	$12,593

FIGS OF WAKE COUNTY INC