Coltrane LIFE Center Inc

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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

1974

Legal Domicile

Principal Officer

Susan Caudle

Phone

7047881215

Tax Period

2024-07-01 to 2025-06-30

Coltrane LIFE Center Inc, founded in 1974, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. Expenses of $1.1M left a modest 7% surplus.

Mission

Coltrane LIFE Center is an adult day health care center that serves older adults and adults with disabilities. The center's mission is to improve the quality of life for frail and impaired adults and their families through specialized adult day heath services.

Program Service Accomplishments

Program 1

Expenses: $981,887

Coltrane LIFE Center provides comprehensive adult day health services to seniors & adults with disabilities. During fiscal year 2024-25, the center served 119 adults from Cabarrus and surrounding...

Coltrane LIFE Center provides comprehensive adult day health services to seniors & adults with disabilities. During fiscal year 2024-25, the center served 119 adults from Cabarrus and surrounding counties. Participants include older adults with Alzheimers disease/dementia, Parkinsons disease, the effects of a stroke, vision or hearing impairments, and the need to be among friends their own age. The Center also serves younger adults (at least age 18) who have developmental disabilities, accident-related disabilities, or other impairments. The center provides health care services, nutritious meals, transportation to and from the Center, beauty/barber services, personal hygiene care, and meaningful activities to participants. In addition, the center provides respite, education, and support to family caregivers.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $123,971

Program Service Revenue $1,009,092

Investment Income $14,763

Other Revenue $28,592

TOTAL REVENUE $1,176,418

Expense Breakdown

Grants Paid $0

Salaries & Benefits $859,986

Fundraising Expenses $42,464

Program Expenses $981,887

Other Expenses $237,313

TOTAL EXPENSES $1,097,299

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,176,418	$1,131,230	+0.0%
Expenses	$1,097,299	$1,049,080	+0.0%
Net Income	$79,119	$82,150	0.0%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

100

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

$135,140

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Susan Caudle	Executive Dir.	40.00	Officer	$88,992	$2,788	$91,780
Pam Hayworth	Secretary	40.00	Officer	$31,586	$11,774	$43,360
Joanna Cagle	Director	1.00	Director	$0	$0	$0
Chris Saddler	Director	1.00	Director	$0	$0	$0
Foster Lynch	Director	1.00	Director	$0	$0	$0
Nancy Cress	Director	1.00	Director	$0	$0	$0
Gary Sheetz	Director	1.00	Director	$0	$0	$0
Beverly M Sansberry	Director	1.00	Director	$0	$0	$0
Kenny Frye	Vice President	1.00	Officer Director	$0	$0	$0
Phil Ruehlen	Director	1.00	Director	$0	$0	$0
Dr Steve Ayers	Director	1.00	Director	$0	$0	$0
Doris Redding	Director	1.00	Director	$0	$0	$0
Marjorie Brown	President	1.00	Officer Director	$0	$0	$0
Wayne Furr	Director	1.00	Director	$0	$0	$0
Sara Kulikowski	Treasurer	1.00	Officer Director	$0	$0	$0
Dr Jon McKinsey	Director	1.00	Director	$0	$0	$0
Sandra Douglas	Director	1.00	Director	$0	$0	$0
Sylvia Lewis	Director	1.00	Director	$0	$0	$0
Dori Thurman	Director	1.00	Director	$0	$0	$0
Angela Simpson	Director	1.00	Director	$0	$0	$0
Dr Nelly Welsch	Director	1.00	Director	$0	$0	$0
Noelle Donovan Baranuk	Director	1.00	Director	$0	$0	$0
Kathy Ross	Director	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	$1,176,418	$1,097,299	$1,703,986	$79,119
2024	No data	No data	No data	No data
2023	$1,047,207	$977,651	$1,471,954	$69,556
2022	$764,060	$1,240,440	$1,411,362	$-476,380
2021	$1,041,551	$822,585	$1,898,653	$218,966
2020	$982,236	$891,763	$1,679,884	$90,473
2019	$977,229	$847,329	$1,603,237	$129,900
2018	$830,767	$831,761	$1,425,750	$-994