THE CAROLINAS FOUNDATION FOR HOSPI… - Form 990 Financial Data

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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

1998

Legal Domicile

Principal Officer

JUDY PENN

Phone

9198483450

Tax Period

2024-07-01 to 2025-06-30

THE CAROLINAS FOUNDATION FOR HOSPICE AND HOME CARE, founded in 1998, is a small nonprofit in the Human Services sector that reported $519K in total revenue in fiscal year 2024. Revenue surged 9404% from the prior year, signaling strong growth momentum. The organization ran a surplus of $372K, a strong 72% operating margin.

Mission

TO BUILD AND SUPPORT THE RETENTION OF A QUALITY WORKFORCE; TO DETERMINE AND PROMOTE THE ECONOMIC IMPACT OF HOSPICE AND HOME CARE SERVICES ON LOCAL COMMUNITIES AND THE STATE; AND TO DEVELOP PARTNERSHIPS WITH APPROPRIATE HEALTH CARE (CONTINUED ON SCHEDULE O) DELIVERY SYSTEMS TO ENSURE HOSPICE AND HOME CARE ARE INCLUDED AS AN ESSENTIAL COMPONENT OF THE NEW EMERGING CARE MODELS.

Program Service Accomplishments

Program 1

Expenses: $59,498

WORKFORCE DEVELOPMENT AND TRAINING: IN FY 2025, THE FOUNDATION RECEIVED $345,000 FROM THREE DIFFERENT FUNDING SOURCES TO DEVELOP AND PILOT AN INDUSTRY-RECOGNIZED STANDARD CURRICULUM AND ONBOARDING...

WORKFORCE DEVELOPMENT AND TRAINING: IN FY 2025, THE FOUNDATION RECEIVED $345,000 FROM THREE DIFFERENT FUNDING SOURCES TO DEVELOP AND PILOT AN INDUSTRY-RECOGNIZED STANDARD CURRICULUM AND ONBOARDING FOR PERSONAL CARE AIDES WHILE WORKING ON THE JOB. THE PROJECT IS UNDERWAY WITH 12 PILOT SITES CHOSEN, THE CURRICULUM DEVELOPED, THE AGENCY TRAINERS ARE TRAINED, AND THE FIRST SET OF AIDES HAVING COMPLETED THE TRAINING AND RECEIVING THEIR CERTIFICATES OF COMPLETION. THE PILOT PROJECT WILL CONTINUE OVER THE NEXT TWO YEARS.

Program 2

Expenses: $80,000

DISASTER RELIEF FUNDING: WHEN HURRICANE HELENE HIT THE CAROLINAS IN SEPTEMBER OF 2024, THE FOUNDATION RAISED OVER $117,000 IN INDIVIDUAL AND CORPORATE DONATIONS. SMALL GRANTS IN THE AMOUNTS OF...

DISASTER RELIEF FUNDING: WHEN HURRICANE HELENE HIT THE CAROLINAS IN SEPTEMBER OF 2024, THE FOUNDATION RAISED OVER $117,000 IN INDIVIDUAL AND CORPORATE DONATIONS. SMALL GRANTS IN THE AMOUNTS OF $100-$1,000 WERE DISTRIBUTED TO EMPLOYEES OF HOME CARE & HOSPICE AGENCIES THAT WERE DIRECTLY IMPACTED BY THE HURRICANE BY LOSS OF WORK, PROPERTY AND FOOD.

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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 $515,567

Program Service Revenue $0

Investment Income $3,087

Other Revenue $0

TOTAL REVENUE $518,654

Expense Breakdown

Grants Paid $80,000

Salaries & Benefits $42,312

Fundraising Expenses $0

Program Expenses $139,498

Other Expenses $23,954

TOTAL EXPENSES $146,266

Year-over-Year Comparison

	2024	2023	Change
Revenue	$518,654	$5,457	+94.0%
Expenses	$146,266	$46,163	+2.2%
Net Income	$372,388	$-40,706	-10.1%

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

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

$196,948

Total Directors

$329,276

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEVIN L GRIFFITH	CHAIR	0.50	Officer Director	$0	$0	$0
WANDA COLEY	TRUSTEE	0.25	Director	$0	$0	$0
BILL DOMBI	TRUSTEE	0.25	Director	$0	$0	$0
LEE DOBSON	TRUSTEE	0.25	Director	$0	$0	$0
TIMOTHY R ROGERS	EX-OFFICIO	0.25	Director	$0	$44,042	$329,276
REXANNE DOMICO	TRUSTEE	0.25	Director	$0	$0	$0
MICHELLE WHITE	SECRETARY	0.25	Officer Director	$0	$0	$0
DR MICHAEL LALOR MD	VICE CHAIR	0.25	Officer Director	$0	$0	$0
ERIN FREDERICKS	TRUSTEE	0.25	Director	$0	$0	$0
STEVEN MARTIN	TRUSTEE	0.25	Director	$0	$0	$0
DENISE MELTON	TRUSTEE	0.25	Director	$0	$0	$0
MARY PECK	TREASURER	0.25	Officer Director	$0	$0	$0
CHRIS TAYLOR	TRUSTEE	0.25	Director	$0	$0	$0
JUDY PENN	EXECUTIVE DIRECTOR	5.00	Officer	$0	$31,003	$196,948

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	$518,654	$146,266	$351,976	$372,388
2024	$5,457	$46,163	$7,472	$-40,706
2023	$58,047	$91,157	$32,789	$-33,110
2021	$482,675	$465,263	$167,722	$17,412

THE CAROLINAS FOUNDATION FOR HOSPICE AND HOME CARE