PACE OF GUILFORD AND ROCKINGHAM COUNTIES INC

EIN: 271560334 501(c)(3) Health Care

GREENSBORO, NC

Total Revenue
$29,238,167
Total Expenses
$23,124,229
Total Assets
$23,550,616
Net Assets
$18,888,127
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
NC
Principal Officer
URSULA ROBINSON
Phone
3365504040
Tax Period
2023-01-01 to 2023-12-31

PACE OF GUILFORD AND ROCKINGHAM COUNTIES INC, founded in 2010, is a mid-sized nonprofit in the Health Care sector that reported $29.2M in total revenue in fiscal year 2023. Revenue surged 20% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.1M, a strong 21% operating margin.

Mission

THE MISSION OF PACE OF THE TRIAD IS TO BE A LEADING NONPROFIT PROVIDER AND EMPLOYER OF CHOICE OFFERING COMPREHENSIVE CARE AND SERVICES TO ENHANCE THE LIFE AND AUTONOMY OF OLDER ADULTS.

Program Service Accomplishments

Program 1
Expenses: $21,934,440 Revenue: $27,806,147

THE ABILITY TO COORDINATE THE CARE OF EACH PARTICIPANT ENROLLED IN PACE IS KEY TO THE MODEL. PACE COORDINATES AND PROVIDES ALL NEEDED PREVENTIVE, PRIMARY, ACUTE AND LONG-TERM CARE SERVICES TO ENABLE...

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THE ABILITY TO COORDINATE THE CARE OF EACH PARTICIPANT ENROLLED IN PACE IS KEY TO THE MODEL. PACE COORDINATES AND PROVIDES ALL NEEDED PREVENTIVE, PRIMARY, ACUTE AND LONG-TERM CARE SERVICES TO ENABLE PARTICIPANTS TO CONTINUE LIVING IN THE COMMUNITY. THE COMPONENTS OF THE PACE PROGRAM RESPOND TO THE UNIQUE NEEDS OF EACH PARTICIPANT ENROLLED IN THE PROGRAM. THE INTERDISCIPLINARY TEAMS ARE COMPRISED OF PHYSICIANS, NURSE PRACTITIONERS, NURSES, SOCIAL WORKERS, THERAPISTS, VAN DRIVERS, AIDES AND OTHERS WHO MEET REGULARLY TO EXCHANGE INFORMATION AND SOLVE PROBLEMS AS THE CONDITIONS AND NEEDS OF THE PACE PARTICIPANTS CHANGE. THROUGH INTERDISCIPLINARY TEAMS, THE VIEWPOINTS OF DIFFERENT DISCIPLINES ARE BROUGHT TOGETHER, AND THE INFORMATION GAINED(CONTINUED ON SCHEDULE O)THROUGH INTERACTION WITH THE PACE PARTICIPANTS OVER TIME AND IN DIFFERENT SETTINGS IS SHARED. THIS APPROACH EMPOWERS THOSE INVOLVED AND ALLOWS MORE INFORMATION TO BE AVAILABLE AT THE CRITICAL POINTS WHEN DECISIONS ARE BEING MADE. CAPITATED PAYMENT ARRANGEMENTS: PACE RECEIVES A MONTHLY CAPITATED PAYMENT (I.E., A LUMP SUM FROM MEDICARE COMBINED WITH MEDICAID OR A PARTICIPANT'S PRIVATE PAY RESOURCES THAT IS USED TO PAY FOR A VARIETY OF COMPREHENSIVE SERVICES) AND IS RESPONSIBLE FOR ALL THE CARE NEEDS APPROVED BY THE TEAM. AS SUCH, THE FINANCIAL INTERESTS OF THE PACE PROGRAM AND THE CARE NEEDS OF THE PERSONS THEY SERVE ARE ALIGNED IN A UNIQUE WAY. REGARDLESS OF WHETHER NEEDED SERVICES WOULD BE REIMBURSED UNDER TRADITIONAL FEE-FOR-SERVICE MEDICARE AND MEDICAID, PACE PROVIDES A COMPREHENSIVE SET OF PREVENTATIVE, PRIMARY, ACUTE AND LONG-TERM CARE SERVICES THAT ARE TAILORED SPECIFICALLY TO THE NEEDS OF INDIVIDUAL PACE PARTICIPANTS TO HELP THEM AVOID HOSPITAL OR NURSING HOME PLACEMENT TO THE GREATEST EXTENT POSSIBLE. THE PROGRAM IS DESIGNED TO MONITOR PARTICIPANTS CLOSELY FOR EVEN SUBTLE CHANGES IN NEEDS, WHICH IF LEFT UNATTENDED COULD LEAD TO COSTLY ACUTE CARE EPISODES. PACE FLEXIBILITY CAN PRODUCE MORE COST-EFFECTIVE SOLUTIONS AND A HIGHER QUALITY OF LIFE THAN PRESCRIBING COSTLY MEDICATIONS AND CONTINUALLY PROVIDING HOSPITAL SERVICES. PACE CENTERS: PACE PARTICIPANTS ATTEND THE PACE CENTER IF DESIRED. THE CENTER INCLUDES A HEALTH CLINIC WITH AN ON-SITE PHYSICIAN AND NURSE PRACTITIONER, PHYSICAL AND OCCUPATIONAL THERAPY FACILITIES, AND AT LEAST ONE COMMON ROOM FOR SOCIAL AND RECREATIONAL ACTIVITIES. TRANSPORTATION: ANOTHER COVERED BENEFIT FOR PACE PARTICIPANTS, IS CRITICAL TO THE IMPLEMENTATION OF THE CARE PLAN. IT IS A KEYWAY THAT PACE SUPPORTS FAMILIES WHO ARE PROVIDING CARE FOR THEIR LOVED ONES. TRANSPORTATION IS PROVIDED NOT ONLY TO AND FROM THE DAY CENTER BUT ALSO TO OTHER APPOINTMENTS. PROVIDING TRANSPORTATION ALSO PLACES A DRIVER, WHO HAS BEEN TRAINED TO OBSERVE CUES, IN THE HOME OF THE PACE PARTICIPANT. DRIVERS THEN CAN REPORT THESE CUES THAT MAY SIGNAL A CHANGE IN HEALTH STATUS OR OTHER CHANGES THAT SHOULD BE MONITORED.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,029,443
Program Service Revenue $27,806,147
Investment Income $402,577
Other Revenue $0
TOTAL REVENUE $29,238,167

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,883,768
Fundraising Expenses $0
Program Expenses $21,934,440
Other Expenses $18,240,461
TOTAL EXPENSES $23,124,229

Year-over-Year Comparison

2023 2022 Change
Revenue $29,238,167 $24,276,168 +0.2%
Expenses $23,124,229 $19,472,142 +0.2%
Net Income $6,113,938 $4,804,026 +0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
8
Independent Members
8
Employees
115
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
5
$230,931
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEPHEN FLEMING CHAIRMAN 2.00
Officer Director
$0 $0 $0
ANNE MACNER VICE CHAIR 1.00
Officer Director
$0 $0 $0
KRISTEN YNTEMA SECRETARY/TREASURER 2.00
Officer Director
$0 $0 $0
JAY SMITH ASST SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
TIM CLONTZ BOARD MEMBER 0.30
Director
$0 $0 $0
TED GOINS BOARD MEMBER 0.30
Director
$0 $0 $0
KIRBY NICKERSON BOARD MEMBER 0.30
Director
$0 $0 $0
DEVIN GRIFFITH BOARD MEMBER 0.30
Director
$0 $0 $0
URSULA ROBINSON PRESIDENT/CEO 66.00
Officer
$228,061 $2,870 $230,931
LUCILLIA MARROW SITE DIRECTOR 45.00
Highest
$116,597 $2,355 $118,952
BRITTANY MILLER NURSE PRACTIONER PROVIDER 40.00
Highest
$128,608 $2,600 $131,208
TINA WILLIAMS DIRECTOR, CLINICAL SERVICES 40.00
Highest
$100,409 $1,988 $102,397
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 $29,238,167 $23,124,229 $23,550,616 $6,113,938
2022 $24,276,168 $19,472,142 $17,964,747 $4,804,026
2021 $21,146,337 $20,735,979 $13,322,257 $410,358
2020 $22,790,341 $20,106,405 $13,491,341 $2,683,936
2019 $20,215,061 $19,050,529 $10,639,236 $1,164,532
2018 $16,938,339 $16,813,545 $7,877,712 $124,794
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