GREENSBORO, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)SPRINGSHIRE RETIREMENT COMMUNITY INC, founded in 2004, is a small nonprofit in the Housing & Shelter sector that reported $109K in total revenue in fiscal year 2023. Revenue surged 732% from the prior year, signaling strong growth momentum. The organization ran a surplus of $107K, a strong 98% operating margin.
ORIGINALLY FORMED TO OPERATE AS A CONTINUING CARE RETIREMENT FACILITY LICENSED UNDER THE LAWS OF THE STATE OF NORTH CAROLINA, SPRINGSHIRE CHANGED ITS MISSION BY MOVING FROM A CONTINUING CARE RETIREMENT FACILITY CONCEPT IN FAVOR OF SENIOR LIVING RETIREMENT CENTER. SPRINGSHIRE WILL CONTINUE TO OPERATE AS A TAX EXEMPT FACILITY PURSUANT TO REV RULING 72-124 AND REV RULING 79-18. AS A MAJOR COMPONENT OF OPERATING THE SENIOR LIVING RETIREMENT FACILITY, SPRINGSHIRE WANTS TO CONDUCT ACTIVITIES AND PROGRAMS THAT ARE INTERGENERATIONAL IN CONJUNCTION WITH A CHARTER SCHOOL. THIS WILL INCLUDE PROGRAMS AND ACTIVITIES THAT WILL BE AN IMPORTANT ASPECT OF GREENVILLE PREPARATORY ACADEMY, ITS SUBSIDIARY, WHICH WILL OPERATE AS A CHARTER SCHOOL, WITH OBLIGATIONS TO PROVIDE INTERGENERATIONAL PROGRAMS REQUIRED FROM BOTH COMMUNITIES.
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)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $109,243 | $13,138 | +7.3% |
| Expenses | $2,022 | $2,022 | N/A |
| Net Income | $107,221 | $11,116 | +8.6% |
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 |
|---|---|---|---|---|---|---|
| DIETRICH M EVEGE | SECRETARY/TR | 10.00 |
Officer
Director
|
$0 | $0 | $0 |
| GEORGE O'GARRO | CHAIR | 10.00 |
Officer
Director
|
$0 | $0 | $0 |
| PATRICIA SINGLETON | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| KEN WALKER | VICE CHAIR | 10.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $109,243 | $2,022 | $13,209,902 | $107,221 |
| 2022 | $13,138 | $2,022 | $13,119,434 | $11,116 |
| 2021 | $8,880,419 | $2,022 | $7,608,318 | $8,878,397 |
| 2020 | $15,617 | $2,262,518 | $4,110,576 | $-2,246,901 |
| 2019 | No data | $925,929 | $11,923,519 | No data |
| 2019 | No data | $7,260,582 | $5,588,866 | No data |
| 2018 | No data | $1,190,808 | $10,688,170 | No data |
Compare SPRINGSHIRE RETIREMENT COMMUNITY INC with other nonprofits in North Carolina and across the country.