Care Ring Inc

EIN: 560621073 501(c)(3) Health Care

Charlotte, NC

Total Revenue
$7,750,894
Total Expenses
$7,042,129
Total Assets
$8,026,383
Net Assets
$5,195,008
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Financial Trends

Organization Details

Formation Year
1955
Legal Domicile
NC
Principal Officer
Tchernavia Montgomery
Phone
7043750172
Tax Period
2024-07-01 to 2025-06-30

Care Ring Inc, founded in 1955, is a community nonprofit in the Health Care sector that reported $7.8M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $7.0M left a modest 9% surplus.

Mission

To empower individuals with limited resources to establish and maintain good health.

Program Service Accomplishments

Program 1
Expenses: $2,299,748

NFP - Nurse Family Partnership ProgramThe Organization's Nurse-Family Partnership (NFP) program is an evidence-based, intensive nurse home-visitation program for at-risk, low-income mothers living in...

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NFP - Nurse Family Partnership ProgramThe Organization's Nurse-Family Partnership (NFP) program is an evidence-based, intensive nurse home-visitation program for at-risk, low-income mothers living in Mecklenburg County. Validated by four decades of research, NFP is a proven model that breaks the cycle of poverty by improving pregnancy outcomes, monitoring child health and development, and strengthening the economic self-sufficiency of families. The Organization's NFP program served 545 families during the year ending June 30, 2025, and has been successful in enhancing its service to mothers who are especially vulnerable, clinically complex, and at risk for poor maternal and child health outcomes. In 2025, 88% of babies were born full-term, 95% of children in our program were up to date on recommended vaccines at age 2, and 82% of moms successfully avoided unplanned subsequent pregnancies.

Program 2
Expenses: $1,669,015

A Guided Journey Program (Maternal Health)Launched in 2021, A Guided Journey (AGJ) is a maternal-child health initiative that employs residents living in six priority health zip codes to serve as...

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A Guided Journey Program (Maternal Health)Launched in 2021, A Guided Journey (AGJ) is a maternal-child health initiative that employs residents living in six priority health zip codes to serve as Community Health Workers. These state-certified individuals work in their own communities to educate and support pregnant and new moms, providing information, guidance, and connection to needed resources. AGJ is a complement to NFP and, for the year ended June 30, 2025, served 527 families who may not have qualified for or needed the intensive, long-term support provided through NFP. Through this long-term case management program, families are educated and supported, and their health and social determinants of health needs are assessed and addressed, ensuring that they have the tools and resources needed to achieve better health and thrive. In 2024, AGJ was expanded through receipt of a federal Healthy Start Enhanced Grant from the US Department of Health & Human Services aimed at reducing the rates of adverse infant and maternal health mortality and morbidity in the Charlotte-Mecklenburg community. In 2025, 100% of moms were screened for postpartum depression, and 86% of women completed postpartum visits within 6 weeks of delivery, having established a medical home. Through parenting education, 85% of AGJ infants are placed to sleep following safe sleep practices.

Program 3
Expenses: $743,909

Physicians Reach Out Program (PRO)The Organization's Physicians Reach Out Program (PRO) provides the uninsured with access to comprehensive health care, including primary care, specialty care, labs...

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Physicians Reach Out Program (PRO)The Organization's Physicians Reach Out Program (PRO) provides the uninsured with access to comprehensive health care, including primary care, specialty care, labs, diagnostic tests, and hospital-based services. For every dollar invested in PRO, the Organization leverages $97 in donated charges, provided by a robust network of approximately 1,600 volunteer physicians and allied health professionals. For the year ended June 30, 2025, PRO coordinated approximately $77 million in donated medical and dental charges for 5,981 patients enrolled in the program. The program coordinated 3,152 specialty care referrals, including 111 referrals for cancer treatment, 211 referrals to surgery, and 172 pediatric specialty care referrals.

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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 $7,581,023
Program Service Revenue $116,119
Investment Income $49,383
Other Revenue $4,369
TOTAL REVENUE $7,750,894

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,177,249
Fundraising Expenses $320,963
Program Expenses $5,797,238
Other Expenses $1,864,880
TOTAL EXPENSES $7,042,129

Year-over-Year Comparison

2024 2023 Change
Revenue $7,750,894 $9,088,748 -0.1%
Expenses $7,042,129 $6,707,643 +0.0%
Net Income $708,765 $2,381,105 -0.7%
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
24
Independent Members
24
Employees
96
Volunteers
1638

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
$242,863
Total Directors
24
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Tchernavia Montgomery CEO 40.00
Officer
$211,067 $31,796 $242,863
Zachary Molan Board Member 1.00
Director
$0 $0 $0
Andrea Wages Chair 1.00
Officer Director
$0 $0 $0
Shenae Dure Board Member 1.00
Director
$0 $0 $0
Chasty Underwood Treasurer 1.00
Officer Director
$0 $0 $0
Yalonda Herndon Board Member 1.00
Director
$0 $0 $0
Joe Mihelich Board Member 1.00
Director
$0 $0 $0
Oscar Saavedra Board Member 1.00
Director
$0 $0 $0
Erik Lioy Secretary 1.00
Officer Director
$0 $0 $0
Felicia Barnes Board Member 1.00
Director
$0 $0 $0
Heather White Board Member 1.00
Director
$0 $0 $0
Carmen Hooker Odom Board Member 1.00
Director
$0 $0 $0
Jennifer Snow Board Member 1.00
Director
$0 $0 $0
Jewel Greywoode Board Member 1.00
Director
$0 $0 $0
Jomaira Ortiz Board Member 1.00
Director
$0 $0 $0
Kimberly Henderson Board Member 1.00
Director
$0 $0 $0
Michael Tomsic Past Chair 1.00
Officer Director
$0 $0 $0
Miguel Guevara Board Member 1.00
Director
$0 $0 $0
Morgan Hinton Board Member 1.00
Director
$0 $0 $0
Peter Stipicevic Board Member 1.00
Director
$0 $0 $0
Richard Sheinis Board Member 1.00
Director
$0 $0 $0
Rodney Gaddy Board Member 1.00
Director
$0 $0 $0
Tony Washington Board Member 1.00
Director
$0 $0 $0
Stephanie Appling Board Member 1.00
Director
$0 $0 $0
Sherry Saxonhouse Board Member 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 $7,750,894 $7,042,129 $8,026,383 $708,765
2024 $9,088,748 $6,707,643 $8,136,493 $2,381,105
2023 $5,427,895 $5,926,402 $2,625,929 $-498,507
2022 $5,419,756 $5,313,183 $3,510,598 $106,573
2021 $4,466,196 $4,491,677 $3,186,503 $-25,481
2020 $4,412,596 $3,965,890 $3,474,606 $446,706
2019 $3,326,138 $3,809,767 $2,104,291 $-483,629
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