Portland, ME
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)WEX CARES FOUNDATION INC, founded in 2018, is a micro nonprofit in the Human Services sector that reported $26K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $40K exceeded revenue, resulting in a 58% operating deficit.
WEX Cares Foundation's principal activity is to provide assistance to present and future employees worldwide of WEX Inc., its subsidiaries and affiliates, who are victims of qualified disasters, other natural disasters, catastrophes, or other personal hardships. Grants will be made pursuant to pre-established criteria and procedures and only to those with objectively demonstrated need or distress.
WEX Cares Foundation, Inc. was created in 2018. The organization provides grants to current and future WEX employees and their dependents who are adversely impacted by catastrophes, natural disasters...
WEX Cares Foundation, Inc. was created in 2018. The organization provides grants to current and future WEX employees and their dependents who are adversely impacted by catastrophes, natural disasters and other personal hardships. These include qualified disasters within meaning of the code; other natural disasters such as fire, flood, storms, and earthquakes; medical emergencies and serious illness; the death of an employee or eligible dependent; serious physical injury; victimization by domestic abuse or violent crime; housing emergencies beyond the employee's control; and military deployment. All grants will be awarded pursuant to a uniform, pre-established application process that documents the grant recipient's qualifying event and financial need or distress. Disaster relief and alleviation of personal hardship is the primary activity of the Foundation. No other activities currently are contemplated. Volunteer hours varied to include organization assistance and administrative support; however, the organization estimates that 132 hours were volunteered during 2024.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $25,522 | $28,715 | -0.1% |
| Expenses | $40,395 | $40,680 | 0.0% |
| Net Income | $-14,873 | $-11,965 | +0.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Katie DeNoia | Director | 0.35 |
Director
|
$0 | $0 | $0 |
| Carlos Escobar | Director | 0.35 |
Director
|
$0 | $0 | $0 |
| Christopher Lerum | Director | 0.35 |
Director
|
$0 | $0 | $0 |
| Erica Martin | Director | 0.35 |
Director
|
$0 | $0 | $0 |
| Kimberly Simard | Director | 0.35 |
Director
|
$0 | $0 | $0 |
| Melissa Dudley | Director, Treasurer/Secretary | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| Hilary Rapkin | Chair | 0.35 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $25,522 | $40,395 | $81,839 | $-14,873 |
| 2023 | $28,715 | $40,680 | $96,588 | $-11,965 |
| 2023 | $42,571 | $41,098 | $110,026 | $1,473 |
| 2022 | $35,228 | $74,460 | $108,424 | $-39,232 |
| 2021 | $21,913 | $67,637 | $147,696 | $-45,724 |
| 2020 | $72,507 | $134,261 | $193,420 | $-61,754 |
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