MCLEOD CENTERS FOR WELLBEING

EIN: 560953783 501(c)(3) Mental Health

CHARLOTTE, NC

Total Revenue
$32,411,763
Total Expenses
$28,424,992
Total Assets
$32,816,040
Net Assets
$25,184,069
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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
1970
Legal Domicile
NC
Principal Officer
KRISTIN PRENTISS
Phone
7043329900
Tax Period
2024-07-01 to 2025-06-30

MCLEOD CENTERS FOR WELLBEING, founded in 1970, is a mid-sized nonprofit in the Mental Health sector that reported $32.4M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $28.4M left a modest 12% surplus.

Mission

MCLEOD CENTERS FOR WELLBEING PROVIDES A COMPREHENSIVE WHOLE PERSON SUBSTANCE USE TREATMENT PROGRAM. PATIENTS RECEIVE CARE THROUGH THE FOLLOWING PROGRAMS: RESIDENTIAL TREATMENT, OUTPATIENT SERVICES, SHORT/LONG TERM GROUP AND INDIVIDUAL COUNSELING, CONTINUED CARE AND MEDICATION ASSISTED TREATMENT. WE OFFER EDUCATION AND PROVIDE CASE MANAGEMENT FOR ALL PATIENTS.

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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 $2,180,154
Program Service Revenue $29,969,994
Investment Income $250,408
Other Revenue $11,207
TOTAL REVENUE $32,411,763

Expense Breakdown

Grants Paid $358,316
Salaries & Benefits $14,045,996
Fundraising Expenses $3,926
Program Expenses $25,150,081
Other Expenses $14,020,680
TOTAL EXPENSES $28,424,992

Year-over-Year Comparison

2024 2023 Change
Revenue $32,411,763 $27,448,808 +0.2%
Expenses $28,424,992 $25,325,850 +0.1%
Net Income $3,986,771 $2,122,958 +0.9%
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
14
Independent Members
14
Employees
253
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
9
$811,423
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROB MCCAIN SECRETARY, TRUSTEE 0.33
Officer Director
$0 $0 $0
RICHARD WRIGHT CHAIR, TRUSTEE 0.33
Officer Director
$0 $0 $0
LYNN HANSEN TREASURER, TRUSTEE 0.33
Officer Director
$0 $0 $0
DR JAMES RACHAL CHAIR, TRUSTEE 0.33
Officer Director
$0 $0 $0
ANTHONY DANIELLY TRUSTEE 0.10
Director
$0 $0 $0
JOSH SAMPSON TRUSTEE 0.10
Director
$0 $0 $0
KENNY COLBERT TRUSTEE 0.10
Director
$0 $0 $0
KIM HOLT TRUSTEE 0.10
Director
$0 $0 $0
CARTER SORRELL TRUSTEE 0.10
Director
$0 $0 $0
VICTOR ARMSTRONG TRUSTEE 0.10
Director
$0 $0 $0
ZACK LANDRY TRUSTEE 0.10
Director
$0 $0 $0
DETECTIVE DAVID LOPEZ TRUSTEE 0.10
Director
$0 $0 $0
LESLIE STEPHENS TRUSTEE 0.10
Director
$0 $0 $0
JENNIFER JOHNSON TRUSTEE 0.10
Director
$0 $0 $0
JIM MCCORKLE CFO (OUTGOING) 37.50
Officer
$134,328 $4,797 $139,125
ELISABETH HARDIN COO 37.50
Officer
$93,981 $1,728 $95,709
CHRISTINE ZAZZARO PRESIDENT 37.50
Officer
$261,098 $22,526 $283,624
KATHERINE LONG CDO 37.50
Officer
$105,054 $8,834 $113,888
MELANIE CONFORTI CCO 37.50
Officer
$156,174 $22,903 $179,077
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 $32,411,763 $28,424,992 $32,816,040 $3,986,771
2024 $27,448,808 $25,325,850 $28,169,853 $2,122,958
2023 $21,749,838 $24,483,212 $26,195,555 $-2,733,374
2022 $22,619,688 $18,449,271 $30,610,379 $4,170,417
2021 $24,396,806 $19,085,874 $7,529,763 $5,310,932
2020 $16,465,643 $17,833,052 $3,740,230 $-1,367,409
2019 $19,097,353 $20,432,668 $1,387,043 $-1,335,315
2018 $24,263,139 $24,825,781 $4,247,174 $-562,642
2017 $23,930,181 $24,149,812 $4,877,380 $-219,631
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