Parkinson Association of the Carolinas

EIN: 300064156 501(c)(3) Medical Research

Charlotte, NC

Total Revenue
$367,501
Total Expenses
$531,944
Total Assets
$2,086,304
Net Assets
$1,963,965
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
NC
Principal Officer
Ann Marie Worman
Phone
7042483722
Tax Period
2024-07-01 to 2025-06-30

Parkinson Association of the Carolinas, founded in 2003, is a small nonprofit in the Medical Research sector that reported $368K in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $532K exceeded revenue, resulting in a 45% operating deficit.

Mission

To serve as a resource for individuals and their families affected by Parkinsons disease in the Carolinas, through education, community outreach and direct support. We actively seek opportunities to connect individuals with Parkinsons disease and their families to support groups, professional agencies and other community resources so that will help them maintain or improve their independence and quality of life.

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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 (2024)

Revenue Breakdown

Contributions & Grants $226,608
Program Service Revenue $0
Investment Income $92,952
Other Revenue $47,941
TOTAL REVENUE $367,501

Expense Breakdown

Grants Paid $0
Salaries & Benefits $278,985
Fundraising Expenses $96,264
Program Expenses $261,406
Other Expenses $252,959
TOTAL EXPENSES $531,944

Year-over-Year Comparison

2024 2023 Change
Revenue $367,501 $482,140 -0.2%
Expenses $531,944 $403,573 +0.3%
Net Income $-164,443 $78,567 -3.1%
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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Governance

Voting Members
5
Independent Members
5
Employees
5
Volunteers
51

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
4
$85,642
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ann Marie Worman Executive Dir. 45.00
Officer
$81,608 $4,034 $85,642
Melissa Miller Vice Chair 2.00
Officer Director
$0 $0 $0
George Schaeffer Chair 3.00
Officer Director
$0 $0 $0
Page McEachern Secretary 2.00
Officer Director
$0 $0 $0
Jason Strow Director 1.00
Director
$0 $0 $0
JT Smith Director 1.00
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
2025 $367,501 $531,944 $2,086,304 $-164,443
2024 $482,140 $403,573 $2,077,652 $78,567
2023 $480,853 $331,578 $1,953,450 $149,275
2022 $292,713 $301,425 $1,804,121 $-8,712
2021 $268,064 $286,005 $2,104,348 $-17,941
2020 $230,602 $265,682 $1,676,696 $-35,080
2019 $262,243 $271,186 $1,694,975 $-8,943
2018 $1,366,810 $213,534 $1,661,263 $1,153,276
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