CELO HEALTH EDUCATION CORPORATION

EIN: 560636248 501(c)(3)

BURNSVILLE, NC

Total Revenue
$7,061
Total Expenses
$1,081,874
Total Assets
N/A
Net Assets
N/A
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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
1946
Legal Domicile
NC
Principal Officer
DAVID ETHERIDGE
Tax Period
2020-07-01 to 2021-06-30

CELO HEALTH EDUCATION CORPORATION, founded in 1946, is a micro nonprofit that reported $7K in total revenue in fiscal year 2020. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 15222% operating deficit.

Mission

RURAL HEALTH CARE EDUCATION AND ASSISTANCE TO HEALTH RELATED PROJECTS AND FACILITIES

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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 (2020)

Revenue Breakdown

Contributions & Grants $4,318
Program Service Revenue $0
Investment Income $205
Other Revenue $2,538
TOTAL REVENUE $7,061

Expense Breakdown

Grants Paid $0
Salaries & Benefits $7,044
Fundraising Expenses $0
Program Expenses $1,065,395
Other Expenses $1,074,830
TOTAL EXPENSES $1,081,874

Year-over-Year Comparison

2020 2019 Change
Revenue $7,061 $10,577 -0.3%
Expenses $1,081,874 $98,822 +9.9%
Net Income $-1,074,813 $-88,245 +11.2%
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

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Governance

Voting Members
5
Independent Members
5
Employees
2
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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LORI ROBINSON TREASURER 2.00
Officer
$0 $0 $0
ANNE BARRUS SECRETARY 1.00
Officer
$0 $0 $0
STEVE HILL VICE CHAIRPERSON 1.00
Officer
$0 $0 $0
DAVID ETHERIDGE CHAIRPERSON 1.00
Officer
$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
2021 $7,061 $1,081,874 No data $-1,074,813
2020 $10,577 $98,822 $1,075,284 $-88,245
2019 $48,792 $93,337 $1,163,498 $-44,545
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