We Care Manatee Inc (EIN 593606103) - 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

1999

Legal Domicile

Principal Officer

Shannon Hoyt

Phone

9417553952

Tax Period

2023-10-01 to 2024-09-30

We Care Manatee Inc, founded in 1999, is a small nonprofit in the Health Care sector that reported $336K in total revenue in fiscal year 2023. Revenue fell 43% from the prior year — a significant decline worth monitoring. Expenses of $389K exceeded revenue, resulting in a 16% operating deficit.

Mission

Assist uninsured residents to connect to the healthcare they need.

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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 (2023)

Revenue Breakdown

Contributions & Grants $255,000

Program Service Revenue $0

Investment Income $5,227

Other Revenue $76,228

TOTAL REVENUE $336,455

Expense Breakdown

Grants Paid $68,436

Salaries & Benefits $231,768

Fundraising Expenses $4,528

Program Expenses $367,038

Other Expenses $89,069

TOTAL EXPENSES $389,273

Year-over-Year Comparison

	2023	2022	Change
Revenue	$336,455	$594,611	-0.4%
Expenses	$389,273	$304,920	+0.3%
Net Income	$-52,818	$289,691	-1.2%

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

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

$88,716

Total Directors

$88,716

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Shannon Hoyt	Executive Dir.	40.00	Officer Director	$84,000	$4,716	$88,716
Brian Boudreaux	Chairman	2.00	Officer Director	$0	$0	$0
Brad Laudicina OD	Chairman	2.00	Officer Director	$0	$0	$0
Erin Hentrich	Treasurer	2.00	Officer Director	$0	$0	$0
Jodi D Allen	Secretary	2.00	Officer Director	$0	$0	$0
Valerie Vale	Director	2.00	Director	$0	$0	$0
Scott Cranston	Director	2.00	Director	$0	$0	$0
Federico Frias MD	Director	2.00	Director	$0	$0	$0
Daniel Amoah MD	Director	2.00	Director	$0	$0	$0
Jennifer McCullen MD	Director	2.00	Director	$0	$0	$0
Darcy Lawn	Director	2.00	Director	$0	$0	$0
Marianne Barnebey	Director	2.00	Director	$0	$0	$0
Tom Morrish MD	Director	2.00	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	$336,455	$389,273	$491,447	$-52,818
2023	$594,611	$304,920	$541,582	$289,691
2022	$322,529	$272,923	$251,891	$49,606
2021	$298,173	$237,081	$202,285	$61,092
2020	$304,567	$250,019	$167,605	$54,548
2019	$218,349	$242,462	$93,664	$-24,113
2018	$222,864	$238,281	$111,445	$-15,417

We Care Manatee Inc