NORTH CAROLINA SENIOR LIVING ASSOCIATION (EIN 562289967) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1961

Legal Domicile

Principal Officer

DEAN WILSON

Phone

9197873560

Tax Period

2024-01-01 to 2024-12-31

NORTH CAROLINA SENIOR LIVING ASSOCIATION, founded in 1961, is a small nonprofit that reported $442K in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $612K exceeded revenue, resulting in a 38% operating deficit.

Mission

TO ORGANIZE AND UNITE IN FELLOWSHIP THE OPERATORS OF HOMES FOR THE AGING IN NORTH CAROLINA AND TO COMBINE THEIR EFFORTS TO PROMOTE HEALTH, SAFETY, MORAL AND PROFESSIONAL STANDARDS AND PRACTICAL EFFICIENCY OF THE PROFESSION.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $288,005

Program Service Revenue $164,602

Investment Income $937

Other Revenue $-11,841

TOTAL REVENUE $441,703

Expense Breakdown

Grants Paid $0

Salaries & Benefits $175,134

Fundraising Expenses $0

Program Expenses $609,700

Other Expenses $436,566

TOTAL EXPENSES $611,700

Year-over-Year Comparison

	2024	2023	Change
Revenue	$441,703	$584,322	-0.2%
Expenses	$611,700	$973,581	-0.4%
Net Income	$-169,997	$-389,259	-0.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$107,679

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBBIE OGBURN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN LEANDRO	DIRECTOR	1.00	Director	$0	$0	$0
MARK PAYNE	DIRECTOR	1.00	Director	$0	$0	$0
AMANDA GARNER	DIRECTOR	1.00	Director	$0	$0	$0
TORREY LOCKLEAR	DIRECTOR	1.00	Director	$0	$0	$0
STACY MASSEY	DIRECTOR	1.00	Director	$0	$0	$0
CANDACE HAMMONDS	DIRECTOR	1.00	Director	$0	$0	$0
DANA SMITH	DIRECTOR	1.00	Director	$0	$0	$0
KATHY HUFFMAN	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA O'KELLEY	DIRECTOR	1.00	Director	$0	$0	$0
GUY PIERCE	DIRECTOR	1.00	Director	$0	$0	$0
CATIE ARMSTRONG	DIRECTOR	1.00	Director	$0	$0	$0
ED WEEKS	DIRECTOR	1.00	Director	$0	$0	$0
SHANNON HARDY	DIRECTOR	1.00	Director	$0	$0	$0
MAGNOLIA GARDENS OF SOUTHERN PINES	DIRECTOR	1.00	Director	$0	$0	$0
LAUREN REAVIS-WARE	DIRECTOR	1.00	Director	$0	$0	$0
MEREDITH SEALS	DIRECTOR	1.00	Director	$0	$0	$0
GREG SPRINGS	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN MORRIS	SECRETARY	1.00	Officer Director	$0	$0	$0
CARLOS GARCIA	TREASURER	1.00	Officer Director	$0	$0	$0
BEVERLY DIX	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DEAN WILSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
JEFF HORTON	EXECUTIVE DIRECTOR	34.00	Officer	$107,679	$0	$107,679

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	No data	No data	No data	No data
2024	$441,703	$611,700	$517,652	$-169,997
2023	$584,322	$973,581	$744,399	$-389,259
2022	$1,419,220	$624,958	$1,193,264	$794,262
2021	$716,351	$842,123	$360,943	$-125,772
2020	$19,754,267	$19,386,408	$538,709	$367,859
2019	$544,794	$600,834	$146,769	$-56,040
2018	$572,423	$672,679	$189,237	$-100,256

NORTH CAROLINA SENIOR LIVING ASSOCIATION