Living Well in Wabash County Coa Inc

Nonprofit profile at a glance

EIN
351514343
IRS 990 coverage
2011–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Wabash, IN, USA
Phone
2605634475
Rating
93
Verdict
STRONG
Rating confidence
Moderate

Official website

Reported finances

Revenue
$737,553
Expenses
$875,043
Assets
$778,094
Liabilities
$180,331

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • BEVERLY FERRY (CEO)
  • PENNY COLLINS (PRESIDENT)

Highest reported compensation

  • BEVERLY FERRY (CEO): $75,689 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Living well in wabash county serves one in four wabash county residents of all ages while fostering senior independence with the mission to assist the citizens of wabash county in meeting their social, physical, economic, and mobility needs with an emphasis on persons age 60 and over.

What it reported doing in 2024

Senior center: to provide a location for seniors of wabash county to maintain their health and wellness with access to information about aging and aging services, fellowship with peers, maintaining contacts with the community, intergenerational experiences, low-impact fitness, opportunities to express and explore creativity, lifelong learning, and volunteer opportunities to make a difference in the lives of others. 146 unduplicated adults age sixty and over participated in senior center programs and services in 2024. Participants contributed 536 volunteer hours. Many of the volunteer hours were provided in the operation of the community cupboard food pantry and the agency's food distribution programs, which provided 212,353 pounds of food to local people of ages in need. 3,220 households/10,336 people of all ages were helped multiple times through the food distribution programs(community cupboard pantry and senior low-income commodity program). The volunteer-managed pantry provided 5,040 dozen eggs, 150,208 pounds of donated food. The agency works to end food insecurity on a local level by operating a food pantry for low-income wabash county residents of all ages. Feeding seniors is targeted with agency's own senior supplemental box and senior programming at living well downtown which includes nutritional programs as well as meals and breakfasts for seniors in a social setting. Winchester senior center and living well downtown provide a variety of activities and programs designed to engage seniors, eliminate isolation, and improve their health.

Operating model

Revenue model
Grant-funded. 69% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 99
  • Transparency & Controls: 92
  • Accountability: 100
  • Sustainability: 24
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 99.6%; rating input score 100
  • Fundraising efficiency: $216.39 raised per $1 spent on fundraising; rating input score 92; 92nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -18.6%; rating input score 10; 10th percentile among comparable filings
  • Total-asset coverage ratio: 0.89; rating input score 39; 39th percentile among comparable filings
  • Liabilities to assets ratio: 0.23; rating input score 29; 29th percentile among comparable filings
  • Officer compensation ratio: 8.6%; rating input score 41; 41st percentile among comparable filings

Growth

  • Program expense growth: 0.6% per year; rating input score 100; 20th percentile among comparable filings
  • Revenue growth: 0.4% per year; rating input score 100; 16th percentile among comparable filings
  • Asset growth: 9.2% per year; rating input score 100; 56th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 99.6% of spending went to programs
  • Governance: 7 of 7 board members independent · 8 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $872K in reported program spending
  • Leadership: top reported pay $76K · 8 people listed
  • Consistency: 23 of 23 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 13 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 10/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 39/100.
  • High — Sustainability: Liabilities to assets ratio scored 29/100.
  • Moderate — Sustainability: Officer compensation ratio scored 41/100.