GALLATIN CARES

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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

1983

Legal Domicile

Principal Officer

BLAKE PARKS

Phone

6154525732

Tax Period

2024-07-01 to 2025-06-30

GALLATIN CARES, founded in 1983, is a small nonprofit in the Human Services sector that reported $476K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $417K left a modest 12% surplus.

Mission

TO ASSIST THOSE INDIVIDUALS WHO NEED EMERGENCY FINANCIAL ASSISTANCE WITH FOOD, CLOTHING, RENT OR MEDICAL SUPPLIES

Program Service Accomplishments

Program 1

Expenses: $406,256 Revenue: $475,581

TO ASSIST THOSE INDIVIDUALS WHO NEED EMERGENCY FINANCIAL ASSISTANCE WITH FOOD, CLOTHING, RENT OR 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 $252,364

Program Service Revenue $211,807

Investment Income $11,410

Other Revenue $0

TOTAL REVENUE $475,581

Expense Breakdown

Grants Paid $0

Salaries & Benefits $199,518

Fundraising Expenses $0

Program Expenses $406,256

Other Expenses $217,267

TOTAL EXPENSES $416,785

Year-over-Year Comparison

	2024	2023	Change
Revenue	$475,581	$550,051	-0.1%
Expenses	$416,785	$433,179	0.0%
Net Income	$58,796	$116,872	-0.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LORELEI ADEN	DIRECTOR	N/A	Director	$0	$0	$0
DEBORAH ALSTON	DIRECTOR	N/A	Director	$0	$0	$0
KENNY ARMSTRONG	DIRECTOR	N/A	Director	$0	$0	$0
RON DANIELS	DIRECTOR	N/A	Director	$0	$0	$0
ELBA DORRIS	DIRECTOR	N/A	Director	$0	$0	$0
MARIETTA DORRIS	DIRECTOR	N/A	Director	$0	$0	$0
LINDA DOTSON	SECRETARY	N/A	Officer Director	$0	$0	$0
JENNY GOSLIN	DIRECTOR	N/A	Director	$0	$0	$0
CYNTHIA HALPIN	DIRECTOR	N/A	Director	$0	$0	$0
JIMMY MOORE	DIRECTOR	N/A	Director	$0	$0	$0
BLAKE PARKS	EXECUTIVE DI	N/A	Officer Director	$0	$0	$0
PEGGY SMITH	DIRECTOR	N/A	Director	$0	$0	$0
DANNY SULLIVAN	TREASURER	N/A	Officer Director	$0	$0	$0
LINDA WEBSTER	DIRECTOR	N/A	Director	$0	$0	$0
JERRY WILLIS	PRESIDENT	N/A	Officer 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
2025	$475,581	$416,785	$846,621	$58,796
2024	$550,051	$433,179	$787,825	$116,872
2023	$413,481	$291,325	$674,824	$122,156
2022	$296,532	$242,784	$548,797	$53,748
2021	$356,430	$224,983	$618,370	$131,447