CAROLINA VILLAGE INC (EIN 237179679) - 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

1972

Legal Domicile

Phone

8286926275

Tax Period

2023-04-01 to 2024-03-31

CAROLINA VILLAGE INC, founded in 1972, is a mid-sized nonprofit in the Housing & Shelter sector that reported $34.3M in total revenue in fiscal year 2023.

Mission

TO MAINTAIN AND OPERATE A RETIREMENT HOME, MEDICAL CENTER, AND ASSISTED LIVING CENTER.

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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 $204,839

Program Service Revenue $32,480,948

Investment Income $817,231

Other Revenue $767,818

TOTAL REVENUE $34,270,836

Expense Breakdown

Grants Paid $0

Salaries & Benefits $18,418,239

Fundraising Expenses $199,353

Program Expenses $26,903,988

Other Expenses $15,057,350

TOTAL EXPENSES $33,475,589

Year-over-Year Comparison

	2023	2022	Change
Revenue	$34,270,836	$33,459,516	+0.0%
Expenses	$33,475,589	$31,362,729	+0.1%
Net Income	$795,247	$2,096,787	-0.6%

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

448

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

$719,969

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Adam Shealy	Secretary	1.5	Officer Director	$0	$0	$0
Justin Ward	Assistant Secretary	1.5	Officer Director	$0	$0	$0
Mark Morse	Vice-President	1.5	Officer Director	$0	$0	$0
Terry Andersen	Treasurer	1.5	Officer Director	$0	$0	$0
Trina Strokes	President	3.0	Officer Director	$0	$0	$0
Bill Gold	Board Member	1.5	Director	$0	$0	$0
David Fluech	Board Member	1.5	Director	$0	$0	$0
Kenneth Youngblood	Board Member	1.5	Director	$0	$0	$0
Kimbela McMinn	Board Member	1.5	Director	$0	$0	$0
Lee Mulligan	Board Member	1.5	Director	$0	$0	$0
Lynn Killian	Board Member	1.5	Director	$0	$0	$0
Richard Bobb	Resident - Board Member	1.5	Director	$0	$0	$0
Rick Wood	Board Member	1.5	Director	$0	$0	$0
Robbie Chenault	Board Member	1.5	Director	$0	$0	$0
Sherri Metzger	Resident - Board Member	1.5	Director	$0	$0	$0
Steven Young	Board Member	1.5	Director	$0	$0	$0
Tim Kriegel	Board Member	1.5	Director	$0	$0	$0
W Glover Little	Board Member	1.5	Director	$0	$0	$0
Amber Anderson	CFO	40.0	Officer	$179,518	$38,833	$218,351
Kevin Parries	CEO	40.0	Officer	$433,166	$68,452	$501,618
Alex Tucker	Health Care Administrator	40.0	Highest	$148,183	$51,546	$199,729
Jon Renegar	Director of Operations	40.0	Highest	$252,584	$66,171	$318,755
Kristel Bane	Business Office Manager	40.0	Highest	$100,124	$35,596	$135,720
Maria Rich	Director of Dining	40.0	Highest	$117,057	$36,344	$153,401
Morgan Costner	Controller	40.0	Highest	$112,243	$36,106	$148,349

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	$34,270,836	$33,475,589	$137,942,580	$795,247
2023	$33,459,516	$31,362,729	$129,083,654	$2,096,787
2022	$34,185,742	$29,410,795	$124,169,436	$4,774,947
2021	$33,783,018	$28,070,443	$120,268,570	$5,712,575
2020	$26,906,533	$28,525,142	$116,207,934	$-1,618,609
2019	$24,908,532	$25,001,473	$101,388,223	$-92,941
2018	$23,917,558	$25,447,991	$94,153,371	$-1,530,433

CAROLINA VILLAGE INC