Living With Care 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

2018

Legal Domicile

Principal Officer

Terri Smith

Phone

5127313633

Tax Period

2023-01-01 to 2023-12-31

Living With Care Inc, founded in 2018, is a small nonprofit in the Housing & Shelter sector that reported $362K in total revenue in fiscal year 2023. Revenue surged 63% from the prior year, signaling strong growth momentum. Expenses of $335K left a modest 7% surplus.

Mission

Provide Assisted Living to the Elderly

Program Service Accomplishments

Program 1

Expenses: $152,824 Revenue: $149,790

Assist individuals 62+ years of age with activities of daily living such as bathing, grooming, mobility, meal preparation, dressing and monitor them for safety and well being, Living with Care holds...

Program 2

Expenses: $12,937 Revenue: $12,680

Provide three meals and two snacks every day all year long as well as outside entertainment and craft activities specific to residents cognition level.

Program 3

Expenses: $151,838 Revenue: $148,823

Provide discounted living space and accommodations for the elderly, including fire suppression sytems and commerical smoke alarm to ensure safety. This includes life safety compliance with Texas...

Provide discounted living space and accommodations for the elderly, including fire suppression sytems and commerical smoke alarm to ensure safety. This includes life safety compliance with Texas Health and Human Services, property maintenance, utilities, etc

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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 $50,385

Program Service Revenue $311,293

Investment Income $0

Other Revenue $43

TOTAL REVENUE $361,721

Expense Breakdown

Grants Paid $0

Salaries & Benefits $104,696

Fundraising Expenses $0

Program Expenses $317,599

Other Expenses $229,903

TOTAL EXPENSES $334,599

Year-over-Year Comparison

	2023	2022	Change
Revenue	$361,721	$222,056	+0.6%
Expenses	$334,599	$232,788	+0.4%
Net Income	$27,122	$-10,732	-3.5%

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
Terri Smith	PT, CALM, President	40.00	Officer	$0	$0	$0
Steven Smith	Vice President	20.00	Officer	$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	$361,721	$334,599	$62,194	$27,122
2022	$222,056	$232,788	$21,719	$-10,732