WILSON RIDES 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

2020

Legal Domicile

Principal Officer

JAY MAJOR

Phone

6152078117

Tax Period

2023-01-01 to 2023-12-31

WILSON RIDES INC, founded in 2020, is a small nonprofit in the Human Services sector that reported $143K in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $181K exceeded revenue, resulting in a 27% operating deficit.

Mission

TO PRESERVE THE QUALITY OF LIFE AND FOSTER A CONNECTED COMMUNITY FOR OLDER ADULTS IN WILSON COUNTY, TN BY PROVIDING SAFE TRANSPORTATION TO LOCAL DESTINATIONS.

Program Service Accomplishments

Program 1

Expenses: $142,475 Revenue: $221,067

WILSON RIDES COMPLETED 59 NEW RIDER HOME VISITS, TRAINED 29 NEW VOLUNTEER DRIVERS, PROVIDED 110 ACTIVE RIDERS WITH 846 ROUND TRIPS, COMPLETED 2669 TRIPS OR TASKS IN 2023 WITHOUT MISSING A SINGLE TRIP.

Program 2

Expenses: $0 Revenue: $0

WILSON RIDES PROVIDED FREE RIDES AND FREE MEMBERSHIPS TO VETERANS, FREE RIDES TO EACH RIDER FOR THEIR BIRTHDAY AND FREE RIDES TO EACH RIDER ON THE ANNIVERSARY OF THEIR MEMBERSHIP.

Program 3

Expenses: $0 Revenue: $0

WILSON RIDES PROVIDED A FRIENDSGIVING LUNCHEON FOR ALL VOLUNTEER DRIVERS AND RIDERS. THE LUNCHEON WAS 100% SPONSORED. IN ATTENDANCE WERE 85 RIDERS, DRIVERS, BOARD MEMBERS, VOLUNTEERS, PASTORS AND 1 EXECUTIVE DIRECTOR. WILSON RIDES ALSO HOSTED A VOLUNTEER/EASTER LUNCHEON FOR WHICH WAS 100% SPONSORED. THERE WERE 70 VOLUNTEERS AND SENIORS IN ATTENDANCE.

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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 $79,051

Program Service Revenue $9,485

Investment Income $0

Other Revenue $54,076

TOTAL REVENUE $142,612

Expense Breakdown

Grants Paid $0

Salaries & Benefits $94,701

Fundraising Expenses $2,724

Program Expenses $142,475

Other Expenses $86,245

TOTAL EXPENSES $180,946

Year-over-Year Comparison

	2023	2022	Change
Revenue	$142,612	$188,889	-0.2%
Expenses	$180,946	$115,595	+0.6%
Net Income	$-38,334	$73,294	-1.5%

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

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

$69,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN SHAW	PRESIDENT	1.00	Officer Director	$0	$0	$0
MAGGIE LEA	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JAY MAJOR	TREASURER	1.00	Officer Director	$0	$0	$0
TRACY POPE	SECRETARY	1.00	Officer Director	$0	$0	$0
DANIELLE DRUECK	DIRECTOR	1.00	Director	$0	$0	$0
GLENDA TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT BRYAN	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER SADLER GALLAHER	DIRECTOR	1.00	Director	$0	$0	$0
TRAVENIA HOLDEN	DIRECTOR	1.00	Director	$0	$0	$0
GAYE LYNN WILSON	EXECUTIVE DIRECTOR	40.00	Key Emp Highest	$69,000	$0	$69,000

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	No data	No data	No data	No data
2023	$142,612	$180,946	$57,720	$-38,334
2022	$188,889	$115,595	$133,992	$73,294