AMY WELLNESS FOUNDATION

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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

1995

Legal Domicile

Principal Officer

LUKE HOWE

Phone

8285924083

Tax Period

2024-01-01 to 2024-12-31

AMY WELLNESS FOUNDATION, founded in 1995, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $3.3M in total revenue in fiscal year 2024. Revenue surged 514% from the prior year, signaling strong growth momentum. Expenses of $3.0M left a modest 9% surplus.

Mission

TO IMPROVE THE HEALTH AND WELL-BEING OF THE PEOPLE IN WESTERN NORTH CAROLINA, WITH PARTICULAR EMPHASIS ON THOSE LIVING IN AVERY, MITCHELL, AND YANCEY COUNTIES. IN DOING SO, THE FOUNDATION WILL MAKE GRANTS TO ELIGIBLE ORGANIZATIONS THAT WORK TO IMPROVE THE HEALTH AND WELL-BEING OF THE PEOPLE IN THOSE AREAS.

Program Service Accomplishments

Program 1

Expenses: $2,541,854

CONTINUING MANY PROGRAMS FROM THE PRIOR YEAR, THE ORGANIZATION PROVIDED AN ADDITIONAL 2,368,017 IN FINANCIAL SUPPORT TO VARIOUS COMMUNITY ORGANIZATIONS FOR OPERATIONAL AND CAPITAL NEEDS. AMYWF...

CONTINUING MANY PROGRAMS FROM THE PRIOR YEAR, THE ORGANIZATION PROVIDED AN ADDITIONAL 2,368,017 IN FINANCIAL SUPPORT TO VARIOUS COMMUNITY ORGANIZATIONS FOR OPERATIONAL AND CAPITAL NEEDS. AMYWF PROVIDED EMERGENCY RESPONSE RELIEF FOR AVERY, MITCHELL, AND YANCEY COUNTIES. SEE 990 SCHEDULE I FOR DETAILS.

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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 $2,810,777

Program Service Revenue $0

Investment Income $452,323

Other Revenue $44,917

TOTAL REVENUE $3,308,017

Expense Breakdown

Grants Paid $2,368,017

Salaries & Benefits $406,037

Fundraising Expenses $282,416

Program Expenses $2,541,854

Other Expenses $247,332

TOTAL EXPENSES $3,021,386

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,308,017	$538,920	+5.1%
Expenses	$3,021,386	$1,552,655	+0.9%
Net Income	$286,631	$-1,013,735	-1.3%

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

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

$153,913

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STARLI MCDOWELL	CHAIR	1.00	Officer Director	$0	$0	$0
JOHN MILLER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JOHN BLACKBURN	TREASURER	1.00	Officer Director	$0	$0	$0
BRENDA HOWELL-SPARKS	BOARD MEMBER	1.00	Director	$0	$0	$0
BARBARA MIDDLETON	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN HARTOM	BOARD MEMBER	1.00	Director	$0	$0	$0
LISA SHULTZ	BOARD MEMBER	1.00	Director	$0	$0	$0
LUKE HOWE	EXECUTIVE DI	40.00	Officer	$144,000	$9,913	$153,913
CAITLIN TREW-JOHNSON	ASSOCIATE DI	40.00	Highest	$118,800	$7,974	$126,774

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	$3,308,017	$3,021,386	$10,520,955	$286,631
2023	$538,920	$1,552,655	$10,526,371	$-1,013,735
2022	$527,496	$2,128,118	$10,601,716	$-1,600,622
2021	$7,435,446	$1,617,063	$12,919,442	$5,818,383
2020	$5,598,842	$1,741,038	$6,951,579	$3,857,804
2019	$5,120,300	$303,003	$5,161,640	$4,817,297