CAROLINA ADOPTION SERVICES INC (EIN 561839309) - 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

1993

Legal Domicile

Principal Officer

PHYLLIS STEPHENSON

Phone

3362759660

Tax Period

2024-01-01 to 2024-12-31

CAROLINA ADOPTION SERVICES INC, founded in 1993, is a community nonprofit in the Human Services sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 391% from the prior year, signaling strong growth momentum. Expenses of $1.3M left a modest 6% surplus.

Mission

CAROLINA ADOPTION SERVICES PROVIDES INTERNATIONAL AND DOMESTIC ADOPTION SERVICES, FOSTER CARE, HOME STUDIES, AND POST ADOPTION SUPPORTS FOR CHILDREN, YOUTH AND ADOPTIVE FAMILIES.

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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 $190,179

Program Service Revenue $877,651

Investment Income $38,224

Other Revenue $246,767

TOTAL REVENUE $1,352,821

Expense Breakdown

Grants Paid $0

Salaries & Benefits $799,763

Fundraising Expenses $9,109

Program Expenses $1,088,335

Other Expenses $466,784

TOTAL EXPENSES $1,266,547

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,352,821	$275,452	+3.9%
Expenses	$1,266,547	$423,049	+2.0%
Net Income	$86,274	$-147,597	-1.6%

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

$94,915

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUG DAVIS	CHAIR	0.00	Director	$0	$0	$0
KENDRA PARKER	SECRETARY	0.00	Director	$0	$0	$0
KATHRYN LINDLEY	TREASURER	0.00	Director	$0	$0	$0
ANGELA FULLER	MEMBER	0.00	Director	$0	$0	$0
ROBERT GARREN	MEMBER	0.00	Director	$0	$0	$0
JAMES KERNERLY	MEMBER	0.00	Director	$0	$0	$0
PHYLLIS STEPHENSON	CHIEF EXECUTIVE OFFICER	40.00	Officer	$94,915	$0	$94,915

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	$1,352,821	$1,266,547	$477,282	$86,274
2023	$1,305,985	$1,313,570	$289,829	$-7,585
2023	$275,452	$423,049	$286,111	$-147,597
2022	$630,565	$788,719	$224,647	$-158,154
2021	$730,806	$718,346	$338,157	$12,460
2020	$831,190	$775,027	$298,028	$56,163
2019	$779,392	$808,646	$320,933	$-29,254
2018	$918,450	$863,611	$450,430	$54,839

CAROLINA ADOPTION SERVICES INC