WILLIAMS CARE HOMES INC

EIN: 621144360 501(c)(3)

MEMPHIS, TN

Total Revenue
$76,833
Total Expenses
$132,316
Total Assets
$78,000
Net Assets
$78,000
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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
TN
Phone
9013778587
Tax Period
2023-01-01 to 2023-12-31

WILLIAMS CARE HOMES INC, founded in 1982, is a micro nonprofit that reported $77K in total revenue in fiscal year 2023. Expenses of $132K exceeded revenue, resulting in a 72% operating deficit.

Mission

Provides 24-hour housing for the aged

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $76,833
Investment Income $0
Other Revenue $0
TOTAL REVENUE $76,833

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $132,316
Other Expenses $132,316
TOTAL EXPENSES $132,316

Year-over-Year Comparison

2023 2022 Change
Revenue $76,833 $78,397 0.0%
Expenses $132,316 $72,049 +0.8%
Net Income $-55,483 $6,348 -9.7%
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

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Governance

Voting Members
3
Independent Members
3
Employees
3
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
2
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jerry Williams President 5.00
Officer Director
$0 $0 $0
Sharon Williams Secretary 5.00
Officer Director
$0 $0 $0
Jewell Fisher 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 No data No data No data No data
2023 $76,833 $132,316 $78,000 $-55,483
2022 $78,397 $72,049 $133,483 $6,348
2021 $126,647 $127,455 $127,135 $-808
2020 $204,763 $215,273 $127,943 $-10,510
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