WE CARE COMMUNITY SERVICES INC

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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

1985

Legal Domicile

Principal Officer

PATTI M MORGAN

Phone

4237754333

Tax Period

2023-07-01 to 2024-06-30

WE CARE COMMUNITY SERVICES INC, founded in 1985, is a community nonprofit in the Human Services sector that reported $1.2M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $1.2M left a modest 4% surplus.

Mission

THE WE CARE MISSION IS TO SERVE ECONOMICALLY DISADVANTAGED RESIDENTS OF RHEA COUNTY, TN BY ENABLING THEM TO HELP THEMSELVES. (OFFERING A HAND UP NOT A HAND OUT)

Program Service Accomplishments

Program 1

Expenses: $623,038 Revenue: $844,228

OPERATION OF A THRIFT STORE TO PROVIDE CLOTHING AND HOUSEHOLD ITEMS TO PERSONS AT A NOMINAL RATE. THE THRIFT STORE ALSO DONATES ITEMS TO PEOPLE IN NEED.

Program 2

Expenses: $122,946 Revenue: $130,007

ADMINISTERS TWO FOOD PROGRAMS. THE FOOD PANTRY PROVIDES NUTRITIOUS FOODS TO THOSE WHO ARE STRUGGLING WITH HUNGER, EMERGENCY ASSISTANCE FOR DISASTER VICTIMS, AND A CHANCE AT SELF-SUFFICIENCY FOR...

ADMINISTERS TWO FOOD PROGRAMS. THE FOOD PANTRY PROVIDES NUTRITIOUS FOODS TO THOSE WHO ARE STRUGGLING WITH HUNGER, EMERGENCY ASSISTANCE FOR DISASTER VICTIMS, AND A CHANCE AT SELF-SUFFICIENCY FOR ADULTS TRYING TO BREAK THE CYCLE OF POVERTY AND HUNGER. THE FRIENDLY BUDGET MARKET STOCKS NON-PERISHABLE FOOD, HEALTH AND BEAUTY ITEMS, AND CLEANING SUPPLIES AT GREATLY REDUCED PRICES.

Program 3

Expenses: $146,987 Revenue: $131,506

HOUSING PROGRAMS ARE ADMINISTERED TO REDUCE HOMELESSNESS IN THE COMMUNITY THROUGH SEVERAL APPROACHES. SPARROW VILLAGE PROVIDES HOMES FOR PEOPLE WHO ARE MENTALLY ILL BUT STILL CAPABLE OF LIVING...

HOUSING PROGRAMS ARE ADMINISTERED TO REDUCE HOMELESSNESS IN THE COMMUNITY THROUGH SEVERAL APPROACHES. SPARROW VILLAGE PROVIDES HOMES FOR PEOPLE WHO ARE MENTALLY ILL BUT STILL CAPABLE OF LIVING INDEPENDENTLY. DANI'S DREAM IS A TRANSITIONAL SHELTER FOR PEOPLE WHO NEED SHORT-TERM HOUSING. SAFE HAVEN LIGHT WILL PROVIDE A TEMPORARY SHELTER FOR DISPLACED FAMILIES AND INDIVIDUALS WITH AN EMPHASIS ON THE FAMILIES THAT HAVE YOUNG CHILDREN.

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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 $53,661

Program Service Revenue $1,137,781

Investment Income $10,576

Other Revenue $-7,302

TOTAL REVENUE $1,194,716

Expense Breakdown

Grants Paid $59,351

Salaries & Benefits $664,127

Fundraising Expenses $0

Program Expenses $897,816

Other Expenses $426,986

TOTAL EXPENSES $1,150,464

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,194,716	$1,317,853	-0.1%
Expenses	$1,150,464	$1,169,030	0.0%
Net Income	$44,252	$148,823	-0.7%

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

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

$76,794

Total Directors

$46,494

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
J WALTER RING	EXEC DIR /PRESIDENT/CEO (END 6/30/24)	40.00	Officer Director	$46,494	$0	$46,494
STEVE WIMBERLY	CHAIRMAN	2.00	Officer Director	$0	$0	$0
JOE PURSER	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
RANDY WELLS	TREASURER/SECRETARY	2.00	Officer Director	$0	$0	$0
SUE BROWN	BOARD MEMBER	2.00	Director	$0	$0	$0
RYON MCKINNEY	BOARD MEMBER	2.00	Director	$0	$0	$0
TERRY WILT	BOARD MEMBER	2.00	Director	$0	$0	$0
JOHN YOST	BOARD MEMBER	2.00	Director	$0	$0	$0
NEIL STULTZ	BOARD MEMBER	2.00	Director	$0	$0	$0
CARLY MCAULEY	BOARD MEMBER	2.00	Director	$0	$0	$0
ANITA BOLLER	BOARD MEMBER	2.00	Director	$0	$0	$0
PATTI MORGAN	EXEC DIR/PRESIDENT/CEO (START 7/1/24)	40.00	Officer	$30,300	$0	$30,300

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	No data	No data	No data	No data
2024	$1,194,716	$1,150,464	$2,378,372	$44,252
2023	$1,317,853	$1,169,030	$2,417,503	$148,823
2022	$1,212,770	$1,018,635	$2,321,590	$194,135
2021	$1,046,353	$928,872	$2,293,592	$117,481
2020	$1,054,839	$1,003,346	$2,230,377	$51,493