TLC HOME INC

EIN: 561347813 501(c)(3)

SANFORD, NC

Total Revenue
$1,838,268
Total Expenses
$1,607,290
Total Assets
$1,763,367
Net Assets
$1,552,808
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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
1988
Legal Domicile
NC
Principal Officer
KATHY KOSTREWA
Phone
9197744355
Tax Period
2023-07-01 to 2024-06-30

TLC HOME INC, founded in 1988, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $1.6M left a modest 13% surplus.

Mission

TO PROVIDE A HOME AND SERVE THE PHYSICAL AND MENTAL NEEDS OF HANDICAPPED INDIVIDUALS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,150
Program Service Revenue $1,801,098
Investment Income $13,123
Other Revenue $22,897
TOTAL REVENUE $1,838,268

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,130,023
Fundraising Expenses $0
Program Expenses $1,319,301
Other Expenses $477,267
TOTAL EXPENSES $1,607,290

Year-over-Year Comparison

2023 2022 Change
Revenue $1,838,268 $2,006,355 -0.1%
Expenses $1,607,290 $1,838,533 -0.1%
Net Income $230,978 $167,822 +0.4%
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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Governance

Voting Members
12
Independent Members
12
Employees
40
Volunteers
4

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
6
$160,338
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LEE LELIEVER DIRECTOR 0.50
Director
$0 $0 $0
SUSAN CAMPBELL DIRECTOR 0.50
Director
$0 $0 $0
ELIZABETH BOONE DIRECTOR 0.50
Director
$0 $0 $0
CINDY HOWENSTEIN DIRECTOR 0.50
Director
$0 $0 $0
TONY LETT DIRECTOR 0.50
Director
$0 $0 $0
DONNA DOSS DIRECTOR 0.50
Director
$0 $0 $0
MAUREEN ORTEGA DIRECTOR 0.50
Director
$0 $0 $0
NORMAN C POST JR DIRECTOR 0.50
Director
$0 $0 $0
LINDA COLE SECRETARY 0.50
Officer Director
$0 $0 $0
TED HAVENS TREASURER 0.50
Officer Director
$0 $0 $0
JANE MURPHY VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
KATHY KOSTREWA PRESIDENT 2.50
Officer Director
$0 $0 $0
RITA OGLESBEE EXECUTIVE DIRECTOR 40.00
Officer
$92,668 $0 $92,668
ENDIA LINDSEY ASSOCIATE DIRECTOR 40.00
Officer
$67,670 $0 $67,670
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 No data No data No data No data
2024 $1,838,268 $1,607,290 $1,763,367 $230,978
2023 $2,006,355 $1,838,533 $1,553,717 $167,822
2022 $1,901,039 $1,737,299 $1,582,689 $163,740
2021 $1,843,302 $1,629,498 $1,404,059 $213,804
2020 $1,397,973 $1,316,878 $1,501,872 $81,095
2019 $1,243,309 $1,195,032 $1,087,897 $48,277
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