WEX CARES FOUNDATION INC (EIN 825219585) - 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

2018

Legal Domicile

Principal Officer

Hilary Rapkin

Phone

2077738171

Tax Period

2024-01-01 to 2024-12-31

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.

Mission

WEX Cares Foundation, Inc. principal activity is to provide assistance to present and future employees of WEX who are victims of qualified disasters, or other hardships.

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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 $21,100

Program Service Revenue $0

Investment Income $4,422

Other Revenue $0

TOTAL REVENUE $25,522

Expense Breakdown

Grants Paid $40,347

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $40,347

Other Expenses $48

TOTAL EXPENSES $40,395

Year-over-Year Comparison

	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%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

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

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	$25,522	$40,395	$81,839	$-14,873
2023	$42,571	$41,098	$110,026	$1,473
2023	$28,715	$40,680	$96,588	$-11,965
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

WEX CARES FOUNDATION INC