CAROLINA CARING 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

1979

Legal Domicile

Principal Officer

DANA KILLIAN

Phone

8284660466

Tax Period

2023-01-01 to 2023-12-31

CAROLINA CARING INC, founded in 1979, is a mid-sized nonprofit in the Human Services sector that reported $42.4M in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.8M, a strong 16% operating margin.

Mission

TO PROVIDE HIGH QUALITY, COMPASSIONATE CARE TO TERMINALLY ILL INDIVIDUALS AND THEIR FAMILIES

Program Service Accomplishments

Program 1

Expenses: $25,812,412 Revenue: $41,817,225

PROVIDE ASSISTANCE WITH CONTROL OF SYMPTOMS, PRACTICAL HELP BY NURSES AND TRAINED VOLUNTEERS, COUNSELING TO THE TERMINALLY ILL AND THEIR FAMILIES. SERVED 1,650 FAMILY UNITS. THE ORGANIZATION...

PROVIDE ASSISTANCE WITH CONTROL OF SYMPTOMS, PRACTICAL HELP BY NURSES AND TRAINED VOLUNTEERS, COUNSELING TO THE TERMINALLY ILL AND THEIR FAMILIES. SERVED 1,650 FAMILY UNITS. THE ORGANIZATION ESTIMATES THAT IT RECEIVED A TOTAL OF $258,000 IN DONATED SERVICES FROM VOLUNTEERS DURING THE YEAR.

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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 (2023)

Revenue Breakdown

Contributions & Grants $336,362

Program Service Revenue $35,287,225

Investment Income $254,892

Other Revenue $6,530,000

TOTAL REVENUE $42,408,479

Expense Breakdown

Grants Paid $0

Salaries & Benefits $23,761,169

Fundraising Expenses $0

Program Expenses $25,812,412

Other Expenses $11,807,188

TOTAL EXPENSES $35,568,357

Year-over-Year Comparison

	2023	2022	Change
Revenue	$42,408,479	$33,253,259	+0.3%
Expenses	$35,568,357	$29,878,383	+0.2%
Net Income	$6,840,122	$3,374,876	+1.0%

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

494

Volunteers

244

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

$233,574

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANNY HEARN	DIRECTOR	1.00	Director	$0	$0	$0
MELANIE LINEBERGER LUTZ	DIRECTOR	1.00	Director	$0	$0	$0
SHERIFF DON BROWN	DIRECTOR	1.00	Director	$0	$0	$0
CATHY HERBERT	DIRECTOR	1.00	Director	$0	$0	$0
DR REV JOHN L FRYE JR	DIRECTOR	1.00	Director	$0	$0	$0
JERROLD R HINTON	DIRECTOR	1.00	Director	$0	$0	$0
DR BILLY L PRICE JR	DIRECTOR	1.00	Director	$0	$0	$0
DR REV DONALD GRAY	DIRECTOR	1.00	Director	$0	$0	$0
DR PENN WALDRON	DIRECTOR	1.00	Director	$0	$0	$0
KELLY POTTS	DIRECTOR	1.00	Director	$0	$0	$0
DR PHILIP GREENE	DIRECTOR	1.00	Director	$0	$0	$0
HILARY BROADWAY	DIRECTOR	1.00	Director	$0	$0	$0
BILL PARRISH	SECRETARY	1.00	Officer Director	$0	$0	$0
DARRELL JOHNSON	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
JIM BOLTON	PAST CHAIR	1.00	Officer Director	$0	$0	$0
D'ANN GRELL	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
DANA KILLIAN	PRESIDENT/CEO	50.00	Officer	$233,574	$0	$233,574
DR VIRGINIA JIMENEZ	MEDICAL DIRECTOR	40.00	Highest	$298,332	$0	$298,332
CHRISTINA MCNALLY	CHIEF STRATEGY OFFICER	40.00	Highest	$159,941	$0	$159,941
ANNETTE KISER	CCO	40.00	Highest	$155,007	$0	$155,007
DR CHARLES FRANKHOUSER	STAFF PHYSICIAN	40.00	Highest	$221,241	$0	$221,241
DR LAURA WALKER	STAFF PHYSICIAN	40.00	Highest	$192,646	$0	$192,646

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
2024	No data	No data	No data	No data
2023	$42,408,479	$35,568,357	$34,138,327	$6,840,122
2022	$33,253,259	$29,878,383	$25,282,892	$3,374,876
2021	$31,467,829	$28,520,790	$24,245,296	$2,947,039
2020	$26,482,755	$24,202,735	$21,823,375	$2,280,020
2019	$22,169,193	$21,592,015	$19,514,079	$577,178