THE ADAPTABLES INC

EIN: 561811580 501(c)(3) Human Services

WINSTONSALEM, NC

Total Revenue
$750,112
Total Expenses
$753,991
Total Assets
$68,506
Net Assets
$67,382
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
NC
Principal Officer
ADRIAN BOONE
Phone
3367677060
Tax Period
2023-01-01 to 2023-12-31

THE ADAPTABLES INC, founded in 1993, is a small nonprofit in the Human Services sector that reported $750K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

TO EDUCATE AND SERVE THE DISABLED. TO PROMOTE, EDUCATE AND ENABLE INDIVIDUALS WITH DISABILITIES TO LIVE MORE INDEPENDENTLY WITHIN THE COMMUNITY AND HOME THROUGH THE NETWORK OF PROGRAMS.

Program Service Accomplishments

Program 1
Expenses: $505,174

TRANSITION TO COMMUNITY LIVING PROGRAM SUCCESSFUL TRANSITIONS: FACILITATED THE MOVE OF NUMEROUS INDIVIDUALS FROM RESTRICTIVE ENVIRONMENTS INTO SAFE, ACCESSIBLE HOUSING WHERE THEY CAN LIVE...

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TRANSITION TO COMMUNITY LIVING PROGRAM SUCCESSFUL TRANSITIONS: FACILITATED THE MOVE OF NUMEROUS INDIVIDUALS FROM RESTRICTIVE ENVIRONMENTS INTO SAFE, ACCESSIBLE HOUSING WHERE THEY CAN LIVE INDEPENDENTLY. COMPREHENSIVE SUPPORT SERVICES: PROVIDED PERSONALIZED TRANSITION PLANNING, INCLUDING ASSISTANCE WITH HOUSING APPLICATIONS, SECURING BENEFITS, AND CONNECTING INDIVIDUALS TO COMMUNITY RESOURCES. EMPOWERMENT AND INDEPENDENCE: ENABLED PARTICIPANTS TO ACHIEVE GREATER AUTONOMY BY OFFERING SKILLS TRAINING, PEER SUPPORT, AND ADVOCACY, ENSURING THEY CAN THRIVE IN THEIR NEW ENVIRONMENTS. COLLABORATIVE PARTNERSHIPS: WORKED CLOSELY WITH LOCAL HOUSING AUTHORITIES, HEALTHCARE PROVIDERS, AND SOCIAL SERVICE AGENCIES TO STREAMLINE THE TRANSITION PROCESS AND REDUCE BARRIERS. ENHANCED BRIDGED HOUSING PROGRAM SAFE INTERIM HOUSING: PROVIDED SHORT-TERM, ACCESSIBLE HOUSING FOR INDIVIDUALS AT RISK OF HOMELESSNESS WHILE PERMANENT HOUSING ARRANGEMENTS WERE FINALIZED. HOLISTIC SUPPORT: DELIVERED WRAPAROUND SERVICES SUCH AS CASE MANAGEMENT, LIFE SKILLS TRAINING, AND TRANSPORTATION ASSISTANCE TO ENSURE STABILITY DURING THE TRANSITION PERIOD. REDUCED INSTITUTIONALIZATION: HELPED PREVENT UNNECESSARY INSTITUTIONAL PLACEMENTS BY OFFERING A COMMUNITY-BASED ALTERNATIVE THAT PROMOTES INDEPENDENCE. POSITIVE OUTCOMES: ACHIEVED HIGH RATES OF SUCCESSFUL TRANSITIONS FROM BRIDGED HOUSING TO PERMANENT, INDEPENDENT LIVING, DEMONSTRATING THE PROGRAM'S EFFECTIVENESS.

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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 $749,872
Program Service Revenue $0
Investment Income $240
Other Revenue $0
TOTAL REVENUE $750,112

Expense Breakdown

Grants Paid $0
Salaries & Benefits $388,173
Fundraising Expenses $0
Program Expenses $505,174
Other Expenses $365,818
TOTAL EXPENSES $753,991

Year-over-Year Comparison

2023 2022 Change
Revenue $750,112 $680,512 +0.1%
Expenses $753,991 $675,577 +0.1%
Net Income $-3,879 $4,935 -1.8%
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

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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
Employees
11
Volunteers
60

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
1
$75,005
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK STEELE EXECUTIVE DI 40.00
Officer
$75,005 $0 $75,005
D'MARLO BRANON BOARD CHAIR 1.00
Director
$0 $0 $0
JESSICA BRUNO ASSISTANT CH 1.00
Director
$0 $0 $0
CHRIS FLYNT BOARD TREASU 1.00
Director
$0 $0 $0
BETH BOWMAN BOARD SECRET 1.00
Director
$0 $0 $0
DAVID OWEN BOARD MEMBER 1.00
Director
$0 $0 $0
JO ANN COCO-RIPP BOARD MEMBER 1.00
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
2023 $750,112 $753,991 $68,506 $-3,879
2022 $680,512 $675,577 $76,792 $4,935
2021 $541,103 $570,619 $75,235 $-29,516
2020 $401,100 $398,522 $102,734 $2,578
2019 $392,021 $352,123 $103,794 $39,898
2018 $336,110 $321,952 $58,896 $14,158
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