NORTH CAROLINA PACE ASSOCIATION

EIN: 462506820 501(c)(3) Health Care

HOLLY SPRINGS, NC

Total Revenue
$491,764
Total Expenses
$463,181
Total Assets
$244,852
Net Assets
$205,384
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
NC
Principal Officer
THOMAS CHANG
Phone
9194287118
Tax Period
2024-07-01 to 2025-06-30

NORTH CAROLINA PACE ASSOCIATION, founded in 2012, is a small nonprofit in the Health Care sector that reported $492K in total revenue in fiscal year 2024. Revenue surged 70% from the prior year, signaling strong growth momentum. Expenses of $463K left a modest 6% surplus.

Mission

SUPPORT THE DEVELOPMENT, EXPANSION, SUCCESS AND QUALITY OF PACE PROGRAMS IN NORTH CAROLINA, SO THAT EVERY PERSON WHO IS ELIGIBLE FOR PACE WILL HAVE ACCESS TO THIS SERVICE.

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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 $259,255
Program Service Revenue $226,560
Investment Income $5,574
Other Revenue $375
TOTAL REVENUE $491,764

Expense Breakdown

Grants Paid $0
Salaries & Benefits $80,400
Fundraising Expenses $0
Program Expenses $399,188
Other Expenses $382,781
TOTAL EXPENSES $463,181

Year-over-Year Comparison

2024 2023 Change
Revenue $491,764 $288,993 +0.7%
Expenses $463,181 $308,225 +0.5%
Net Income $28,583 $-19,232 -2.5%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
10

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
$67,000
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS CHANG CHAIR 1.00
Officer Director
$0 $0 $0
JEFF SUMPTER VICE CHAIR 1.00
Officer Director
$0 $0 $0
RUTH FINCH SECRETARY 1.00
Officer Director
$0 $0 $0
EMILY JONES TREASURER 1.00
Officer Director
$0 $0 $0
LISA CAPPS DIRECTOR 1.00
Director
$0 $0 $0
URSULA ROBINSON DIRECTOR 1.00
Director
$0 $0 $0
CATHERINE KENZIG DIRECTOR 1.00
Director
$0 $0 $0
JOYCE ALEXANDER-HINES DIRECTOR 1.00
Director
$0 $0 $0
KAREN MARTIN DIRECTOR 1.00
Director
$0 $0 $0
JANE VENICK DIRECTOR 1.00
Director
$0 $0 $0
MEGHAN BRENT EXECUTIVE DIRECTOR 30.00
Officer
$67,000 $0 $67,000
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 $491,764 $463,181 $244,852 $28,583
2024 $288,993 $308,225 $187,574 $-19,232
2023 $348,521 $338,439 $291,629 $10,082
2022 $289,745 $273,337 $227,501 $16,408
2021 $349,021 $313,411 $294,530 $35,610
2020 $271,617 $299,138 $338,162 $-27,521
2019 $333,352 $397,843 $357,365 $-64,491
2018 $426,117 $380,901 $422,553 $45,216
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