LEADINGAGE NORTH CAROLINA

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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

1981

Legal Domicile

Principal Officer

TOM AKINS

Phone

9195718333

Tax Period

2024-01-01 to 2024-12-31

LEADINGAGE NORTH CAROLINA, founded in 1981, is a community nonprofit in the Human Services sector that reported $1.2M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $1.1M left a modest 9% surplus.

Mission

THROUGH ADVOCACY, EDUCATION, INNOVATION AND COLLABORATION, THE ASSOCIATION PROVIDES EXPANDED POSSIBILITIES FOR AGING, VALUE TO ITS MEMBERS, AND LEADERSHIP TO THE FIELD OF AGING.

Program Service Accomplishments

Program 1

THE ORGANIZATION SERVES ITS MEMBERS WHO ARE ALL SENIOR LIVING COMMUNITIES. THE ORGANIZATION ENHANCES ITS MEMBER FACILITIES' ABILITIES TO BETTER SERVE THE FACILITY RESIDENTS, REPRESENTS AND PROMOTES THE COMMON INTEREST OF ITS FACILITY MEMBERS, AND PROVIDES ONGOING EDUCATIONAL OPPORTUNITIES AND ADVOCACY FOR ITS MEMBERS.

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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 $609,895

Program Service Revenue $398,192

Investment Income $38,176

Other Revenue $122,540

TOTAL REVENUE $1,168,803

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $655,261

Fundraising Expenses $0

Other Expenses $409,933

TOTAL EXPENSES $1,066,194

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,168,803	$1,060,243	+0.1%
Expenses	$1,066,194	$1,028,981	+0.0%
Net Income	$102,609	$31,262	+2.3%

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

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

$322,755

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANITA HOLT	CHAIR	1.00	Officer Director	$0	$0	$0
JONATHAN ERICKSON	CHAIR-ELECT	1.00	Officer Director	$0	$0	$0
KEVIN SCHWAB	SECRETARY	1.00	Officer Director	$0	$0	$0
REED VANDERSLIK	TREASURER	1.00	Officer Director	$0	$0	$0
KEVIN PARRIES	PAST CHAIR	1.00	Officer Director	$0	$0	$0
ANDREW APPLEGATE	DIRECTOR	1.00	Director	$0	$0	$0
JEANNETTE BRECKENRIDGE	DIRECTOR	1.00	Director	$0	$0	$0
LIBBY BUSH	DIRECTOR	1.00	Director	$0	$0	$0
PAM FOX	DIRECTOR	1.00	Director	$0	$0	$0
VONDA HOLLIINGSWORTH	DIRECTOR	1.00	Director	$0	$0	$0
MILTON MCGOWIAN	DIRECTOR	1.00	Director	$0	$0	$0
MARIANNE RATCLIFFE	DIRECTOR	1.00	Director	$0	$0	$0
SARA FLYNN-LOY	EX OFFICIO	1.00	Director	$0	$0	$0
TIM WEBSTER	DIRECTOR (UNTIL 5/24)	1.00	Director	$0	$0	$0
TOM AKINS	PRESIDENT & CEO	40.00	Officer	$281,521	$41,234	$322,755
LESLIE ROSEBORO	SENIOR VICE PRESIDENT	40.00	Highest	$184,085	$23,819	$207,904
JENNIFER GILL	VP, CHIEF CONTENT OFFICER	40.00	Highest	$106,058	$18,733	$124,791

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	$1,168,803	$1,066,194	$1,056,151	$102,609
2023	$1,060,243	$1,028,981	$948,312	$31,262
2022	$1,028,888	$892,883	$964,675	$136,005
2021	$972,288	$984,885	$589,321	$-12,597
2020	$735,009	$851,356	$879,883	$-116,347
2019	$898,023	$841,951	$554,016	$56,072
2018	$851,927	$891,603	$1,413,708	$-39,676