WINSTON SALEM, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)BAPTIST RETIREMENT HOMES OF NORTH CAROLINA INCORPORATED, founded in 1952, is a mid-sized nonprofit in the Human Services sector that reported $44.3M in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $52.0M exceeded revenue, resulting in a 17% operating deficit.
BAPTIST RETIREMENT HOMES OF NORTH CAROLINA, INC. DBA THRIVEMORE IS A CHURCH RELATED NOT-FOR-PROFIT ORGANIZATION COMMITTED TO PROVIDING QUALITY CARE AND A MEANINGFUL WAY OF LIFE FOR RESIDENTS AND STAFF... (CONTINUED ON SCHEDULE O)A PLACE WHERE RESIDENTS AND STAFF BECOME AN EXTENSION OF FAMILY THAT RECOGNIZES THE DIGNITY AND WORTH OF EACH INDIVIDUAL.
THRIVEMORE IS A NOT-FOR-PROFIT CORPORATION ORGANIZED UNDER THE LAWS OF THE STATE OF NORTH CAROLINA. IT IS EXEMPT FROM INCOME TAX UNDER INTERNAL REVENUE CODE SECTION 501[C][3] AND A PUBLIC CHARITY...
THRIVEMORE IS A NOT-FOR-PROFIT CORPORATION ORGANIZED UNDER THE LAWS OF THE STATE OF NORTH CAROLINA. IT IS EXEMPT FROM INCOME TAX UNDER INTERNAL REVENUE CODE SECTION 501[C][3] AND A PUBLIC CHARITY UNDER SECTION 509[A][2]. THE BOARD OF TRUSTEES OF THRIVEMORE HAS FIDUCIARY RESPONSIBILITY FOR THE OPERATION OF THRIVEMORE. THE MISSION OF THRIVEMORE IS TO PROVIDE QUALITY RESIDENTIAL AND HEALTH CARE LIVING OPTIONS AND SERVICES TO NORTH CAROLINA'S OLDER ADULT POPULATION. THE PROVISION OF THOSE SERVICES BEING OFFERED TO THE POOR ELDERLY OF THE STATE AS WELL AS THOSE OLDER PERSONS WHO DO HAVE THE FINANCIAL RESOURCES AVAILABLE TO PAY FOR THE INSTITUTIONAL SERVICES THEY NEED. (CONTINUED ON SCHEDULE O)IN ADDITION TO ITS PROGRAM OF BENEVOLENT FUNDING TO THE POOR ELDERLY OF THE STATE, THRIVEMORE ALSO PROVIDES A SPECIAL PROGRAM DESIGNED TO ENHANCE THE LIFESTYLE OF OLDER ADULTS WITH DEMENTIA RELATED DISORDERS LIKE ALZHEMER'S DISEASE. THREE SUCH PROGRAMS ARE OPERATED BY THRIVEMORE. THRIVEMORE OWNS, MAINTAINS, AND OPERATES COMMUNITIES THROUGHOUT NORTH CAROLINA. ITS CURRENT COMMUNITIES INCLUDE 357 INDEPENDENT LIVING HOMES AND APARTMENTS, 136 ASSISTED LIVING RESIDENCES, AND 101 SKILLED NURSING CARE ROOMS. THRIVEMORE RECEIVES SUPPORT FROM INDIVIDUALS, BUSINESSES, FOUNDATIONS, CHURCHES, SPECIAL OFFERINGS, AND BEQUESTS FROM OTHERS TO ASSIST IN THE OPERATION AND ADMINISTRATION OF ITS COMMUNITIES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $44,295,811 | $52,031,584 | -0.1% |
| Expenses | $51,979,121 | $47,484,488 | +0.1% |
| Net Income | $-7,683,310 | $4,547,096 | -2.7% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| CHARLES D MAST | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| DANIEL RICE | IMMEDIATE PAST CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| BETTY LYNNE JOHNSON | VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| SARAH MAYO | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JANET BLANFORD | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| SOBEIDA ADOLPHUS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| PERRY BAILEY | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| DR TABARA CAPLE | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| DR JO CLEVELAND | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| POWELL DREW | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| PHIL FEAGAN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| SAMMY GIANOPOULOS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| CAROLYN D HELMS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| DAVE HORNE | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| RALPH MORGAN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| NIDRA RICKS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| DRNATHAN SCOVENS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| DR MICHAEL R TAYLOR | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| BOBBY F WATSON | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| REED VANDERSLIK | CEO | 36.00 |
Officer
|
$384,611 | $48,222 | $432,833 |
| SCOTT FARKAS | CFO - THRU 9/26/23 | 36.00 |
Officer
|
$153,408 | $40,927 | $194,335 |
| MICHAEL BRADY | CFO - AS OF 2/12/24 | 36.00 |
Officer
|
$0 | $0 | $0 |
| JESSICA MCCOLLUM | CHIEF OPERATING OFFICER | 40.00 |
Key Emp
|
$220,598 | $29,164 | $249,762 |
| JENNIFER BARTSCHT | CHIEF MARKETING OFFICER | 40.00 |
Highest
|
$183,231 | $28,453 | $211,684 |
| TATUM MYERS | EXECUTIVE DIRECTOR | 40.00 |
Highest
|
$140,899 | $25,137 | $166,036 |
| CYNTHIA MOORE | EXECUTIVE DIRECTOR | 40.00 |
Highest
|
$149,936 | $0 | $149,936 |
| CONNIE MCBRIDE | LPN | 40.00 |
Highest
|
$124,921 | $463 | $125,384 |
| SHANNON SEARS | DIRECTOR, CLINICAL COMPLIANCE | 40.00 |
Highest
|
$119,225 | $10,831 | $130,056 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $44,295,811 | $51,979,121 | $189,607,114 | $-7,683,310 |
| 2023 | $52,031,584 | $47,484,488 | $136,825,376 | $4,547,096 |
| 2022 | $39,587,272 | $39,252,162 | $87,897,234 | $335,110 |
| 2021 | $32,374,194 | $30,465,530 | $88,647,390 | $1,908,664 |
| 2020 | $29,238,012 | $29,250,958 | $86,440,616 | $-12,946 |
| 2019 | $29,132,344 | $28,431,090 | $84,455,567 | $701,254 |
| 2018 | $29,535,329 | $27,822,966 | $85,847,330 | $1,712,363 |
Compare BAPTIST RETIREMENT HOMES OF NORTH CAROLINA INCORPORATED with other nonprofits in North Carolina and across the country.