THE CAROLINAS FOUNDATION FOR HOSPICE AND HOME CARE (EIN 562127943) - 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

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 SUPPORT INNOVATION THAT IMPROVES ACCESS TO QUALITY HOSPICE & HOME CARE SERVICES IN NC.

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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