ALAMANCE ELDERCARE INC

EIN: 561836540 501(c)(3) Human Services

GRAHAM, NC

Total Revenue
$456,130
Total Expenses
$533,971
Total Assets
$520,482
Net Assets
$379,625
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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
TERESA COOPER
Phone
3362238099
Tax Period
2024-07-01 to 2025-06-30

ALAMANCE ELDERCARE INC, founded in 1993, is a small nonprofit in the Human Services sector that reported $456K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $534K exceeded revenue, resulting in a 17% operating deficit.

Mission

ALAMANCE ELDERCARE, INC., A NOT-FOR-PROFIT HUMAN SERVICES AGENCY, IS COMMITTED TO IMPROVING THE LIVES OF THOSE STRIVING TO MEET THE CHALLENGES OF THE AGING. WE PROVIDE INFORMATION, COMPREHENSIVE ASSESSMENTS, OPTIONS TO MEET NEEDS, ASSISTANCE IN LOCATING AND OBTAINING SERVICES, AND CAREGIVER EDUCATION AND SUPPORT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $238,886
Program Service Revenue $203,914
Investment Income $13,330
Other Revenue $0
TOTAL REVENUE $456,130

Expense Breakdown

Grants Paid $0
Salaries & Benefits $285,302
Fundraising Expenses $8,559
Program Expenses $469,038
Other Expenses $248,669
TOTAL EXPENSES $533,971

Year-over-Year Comparison

2024 2023 Change
Revenue $456,130 $511,071 -0.1%
Expenses $533,971 $622,717 -0.1%
Net Income $-77,841 $-111,646 -0.3%
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

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Governance

Voting Members
17
Independent Members
17
Employees
10
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
2
$0
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERIN COCKMAN IMMEDIATE PA N/A
Officer Director
$0 $0 $0
WENDY SCOTT DIRECTOR N/A
Director
$0 $0 $0
NICOLE SMYTH DIRECTOR N/A
Director
$0 $0 $0
WILLIE LAUGHINGHOUSE DIRECTOR N/A
Director
$0 $0 $0
BETSY HUNEYCUTT DIRECTOR N/A
Director
$0 $0 $0
PATRICIA MCDANIEL DIRECTOR N/A
Director
$0 $0 $0
SAMANTHA LOY DIRECTOR N/A
Director
$0 $0 $0
TERESA COOPER CHAIR N/A
Officer Director
$0 $0 $0
BOB BYRD BRD MEMBER E N/A
Director
$0 $0 $0
ALMA FLOOD DIRECTOR N/A
Director
$0 $0 $0
ELIZABETH BAILEY DIRECTOR N/A
Director
$0 $0 $0
MARY BETH ADAMS DIRECTOR N/A
Director
$0 $0 $0
DR LIZZIE ALSTON DIRECTOR N/A
Director
$0 $0 $0
LAPORSCHA MCCOLLOUGH DIRECTOR N/A
Director
$0 $0 $0
KARLA LOPEZ DIRECTOR N/A
Director
$0 $0 $0
SETH GERRINGER DIRECTOR N/A
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
2025 $456,130 $533,971 $520,482 $-77,841
2024 $511,071 $622,717 $672,658 $-111,646
2023 $560,136 $647,418 $593,121 $-87,282
2022 $548,545 $487,459 $702,459 $61,086
2021 $566,461 $438,102 $663,311 $128,359
2020 $478,765 $420,417 $489,269 $58,348
2019 $480,929 $389,990 $426,586 $90,939
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