CAROLINA MEADOWS INC (EIN 561380014) - Form 990 Financial Analysis & Trantor Score

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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

1983

Legal Domicile

Principal Officer

KEVIN A MCLEOD

Phone

9199424014

Tax Period

2023-01-01 to 2023-12-31

CAROLINA MEADOWS INC, founded in 1983, is a mid-sized nonprofit in the Human Services sector that reported $48.7M in total revenue in fiscal year 2023. Expenses of $46.5M left a modest 5% surplus.

Mission

TO PROVIDE HOUSING, HEALTH CARE, AND OTHER SERVICES TO RESIDENTS THROUGH A LIFE PLAN COMMUNITY.

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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 $250

Program Service Revenue $47,125,775

Investment Income $1,468,172

Other Revenue $130,543

TOTAL REVENUE $48,724,740

Expense Breakdown

Grants Paid $321,865

Salaries & Benefits $25,121,205

Fundraising Expenses $0

Program Expenses $42,285,068

Other Expenses $21,025,026

TOTAL EXPENSES $46,468,096

Year-over-Year Comparison

	2023	2022	Change
Revenue	$48,724,740	$45,329,955	+0.1%
Expenses	$46,468,096	$44,826,992	+0.0%
Net Income	$2,256,644	$502,963	+3.5%

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

643

Volunteers

666

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

$964,379

Total Directors

Key Employees

$288,410

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE MILLER	MEMBER	2.00	Director	$0	$0	$0
KEVIN TUNICK	MEMBER	2.00	Director	$0	$0	$0
NANCY CHESCHEIR	VICE CHAIR	2.00	Officer Director	$0	$0	$0
RALPH KARPINOS	MEMBER	2.00	Director	$0	$0	$0
LEAH OGDEN	MEMBER	2.00	Director	$0	$0	$0
HUGH TILSON	MEMBER	2.00	Director	$0	$0	$0
BILL LEHRBURGER	MEMBER	2.00	Director	$0	$0	$0
RICHARD GURLITZ	MEMBER	2.00	Director	$0	$0	$0
PICKETT GUTHRIE	SECRETARY	2.00	Officer Director	$0	$0	$0
GREGORY HERMAN-GIDDENS	CHAIR	2.00	Officer Director	$0	$0	$0
ROBIN MCDUFFIE	TREASURER	2.00	Officer Director	$0	$0	$0
ROSEMARY WALDORF	MEMBER	2.00	Director	$0	$0	$0
DR BRYAN	MEMBER	2.00	Director	$0	$0	$0
ARON SILVERSTONE	MEMBER	2.00	Director	$0	$0	$0
JUDITH KRAMER	MEMBER	2.00	Director	$0	$0	$0
JUDY JONES	EX-OFFICIO	2.00	Director	$0	$0	$0
KEVIN MCLEOD	PRESIDENT AND CEO	40.00	Officer	$364,439	$24,712	$389,151
BENJAMIN CORNTHWAITE	CHIEF OPERATING OFFICER	40.00	Officer	$272,371	$27,368	$299,739
GARY LEVINE	EXECUTIVE VICE PRESIDENT AND CFO	40.00	Officer	$253,794	$21,695	$275,489
DONNA MILLER	MEDICAL DIRECTOR	40.00	Key Emp	$268,943	$19,467	$288,410
MELISSA KASS	VICE PRESIDENT - MARKETING	40.00	Highest	$181,293	$10,581	$191,874
DANIEL CAMARA	VP - PHYSICAL PLANT	40.00	Highest	$162,007	$14,096	$176,103
LUIS SIBRIAN	CNA	40.00	Highest	$146,575	$8,908	$155,483
SHELLI GIARDINO	VP - HUMAN RESOURCES	40.00	Highest	$145,727	$14,260	$159,987
CAROLYN TWISDALE	DIRECTOR OF FINANCE AND ACCOUNTING	40.00	Highest	$173,671	$2,470	$176,141

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	$48,724,740	$46,468,096	$155,663,157	$2,256,644
2022	$45,329,955	$44,826,992	$142,729,166	$502,963
2021	$43,472,709	$42,069,897	$159,623,308	$1,402,812
2020	$42,204,675	$42,623,166	$132,480,046	$-418,491
2019	$39,265,644	$40,558,480	$115,919,056	$-1,292,836
2018	$45,390,734	$36,791,156	$109,704,331	$8,599,578

CAROLINA MEADOWS INC