PACE OF THE SOUTHERN PIEDMONT INC (EIN 274683614) - 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

2010

Legal Domicile

Principal Officer

CATHERINE KENZIG

Phone

7048873840

Tax Period

2023-07-01 to 2024-06-30

PACE OF THE SOUTHERN PIEDMONT INC, founded in 2010, is a mid-sized nonprofit in the Human Services sector that reported $27.7M in total revenue in fiscal year 2023. Revenue surged 71% from the prior year, signaling strong growth momentum. Expenses of $26.1M left a modest 6% surplus.

Mission

TO PROMOTE AND ENHANCE THE INDEPENDENCE OF SENIORS WISHING TO LIVE IN THE COMMUNITY.

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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 $0

Program Service Revenue $27,001,513

Investment Income $202,078

Other Revenue $497,316

TOTAL REVENUE $27,700,907

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,144,826

Fundraising Expenses $0

Program Expenses $21,176,809

Other Expenses $18,994,749

TOTAL EXPENSES $26,139,575

Year-over-Year Comparison

	2023	2022	Change
Revenue	$27,700,907	$16,203,941	+0.7%
Expenses	$26,139,575	$14,882,206	+0.8%
Net Income	$1,561,332	$1,321,735	+0.2%

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

126

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

$312,418

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CATHERINE KENZIG	PROGRAM DIRE	20.00	Officer	$0	$21,645	$312,418
TERESA SATTERWHITE	CLINIC SUPER	40.00	Highest	$142,337	$11,147	$153,484
CHINWE IHEME	EMPLOYEE	40.00	Highest	$120,716	$9,108	$129,824
HEIDI GOSS	OPERATIONS D	40.00	Highest	$109,833	$8,679	$118,512
JAMES LAWRENCE MOORE	EMPLOYEE	40.00	Highest	$109,688	$4,620	$114,308
MELISSA SEYMOUR	EMPLOYEE	40.00	Highest	$100,322	$4,009	$104,331
VERONICA J FEDUNIEC	SECRETARY	1.00	Officer Director	$0	$0	$0
TED W GOINS JR	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
KIRBY NICKERSON	TREASURER/CF	2.00	Officer Director	$0	$0	$0
ROBERT E SPENCER	CHAIRMAN	1.00	Officer Director	$0	$0	$0

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	$27,700,907	$26,139,575	$9,667,206	$1,561,332
2023	$16,203,941	$14,882,206	$12,249,656	$1,321,735
2022	$17,694,111	$15,319,703	$8,340,135	$2,374,408
2021	$16,422,875	$16,045,139	$6,382,374	$377,736
2020	$20,044,634	$12,678,742	$5,851,389	$7,365,892
2019	$12,704,020	$12,045,438	$4,219,752	$658,582
2018	$11,345,374	$11,154,264	$3,335,806	$191,110

PACE OF THE SOUTHERN PIEDMONT INC