CLASSIC CARE HOMES INC

EIN: 561748275 501(c)(3)

SMITHFIELD, NC

Total Revenue
$2,868
Total Expenses
$18,770
Total Assets
$543,865
Net Assets
$338,255
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
NC
Principal Officer
DIANE HOLLAMON
Phone
9199468773
Tax Period
2019-01-01 to 2019-12-31

CLASSIC CARE HOMES INC, founded in 1991, is a micro nonprofit that reported $3K in total revenue in fiscal year 2019. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $19K exceeded revenue, resulting in a 554% operating deficit.

Mission

REST HOME FACILITY FOR ELDERLY

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,862
Investment Income $6
Other Revenue $0
TOTAL REVENUE $2,868

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $18,770
Other Expenses $18,770
TOTAL EXPENSES $18,770

Year-over-Year Comparison

2019 2018 Change
Revenue $2,868 $412,731 -1.0%
Expenses $18,770 $364,345 -0.9%
Net Income $-15,902 $48,386 -1.3%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
N/A

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
3
$0
Total Directors
3
$0
Key Employees
1
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VICKIE F STEPHENSON PRES/DIRECTOR 0.00
Officer Director
$0 $0 $0
DIANE W HOLLAMON SEC/TREAS/DIR 40.00
Officer Director Key Emp Highest
$0 $0 $0
ROBERT C HOLLAMON V.P./DIRECTOR 0.00
Officer 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
2019 $2,868 $18,770 $543,865 $-15,902
2018 $412,731 $364,345 $584,367 $48,386
2017 $609,813 $607,592 $533,285 $2,221
2017 $609,813 $594,163 $526,456 $15,650
Explore More Nonprofits
→Top 100 Nonprofits in North Carolina →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare CLASSIC CARE HOMES INC with other nonprofits in North Carolina and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.