THE PRESBYTERIAN HOME AT CHARLOTTE INC (EIN 566064186) - 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

1969

Legal Domicile

Principal Officer

ANGELA RIGSBEE

Phone

7045531670

Tax Period

2023-01-01 to 2023-12-31

THE PRESBYTERIAN HOME AT CHARLOTTE INC, founded in 1969, is a mid-sized nonprofit in the Human Services sector that reported $36.9M in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum.

Mission

WE ENRICH RESIDENTS' LIVES BY PROVIDING A NURTURING ENVIRONMENT WITH JOY, PURPOSE, AND WELL-BEING

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,067,019

Program Service Revenue $33,720,267

Investment Income $1,038,682

Other Revenue $35,884

TOTAL REVENUE $36,861,852

Expense Breakdown

Grants Paid $1,748,116

Salaries & Benefits $15,344,248

Fundraising Expenses $98,534

Program Expenses $34,171,591

Other Expenses $18,681,886

TOTAL EXPENSES $35,774,250

Year-over-Year Comparison

	2023	2022	Change
Revenue	$36,861,852	$28,589,138	+0.3%
Expenses	$35,774,250	$28,080,307	+0.3%
Net Income	$1,087,602	$508,831	+1.1%

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

416

Volunteers

107

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

$733,895

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN E BURTON JR	SECRETARY	1.00	Officer Director	$0	$0	$0
JOHN J CARPENTER	DIRECTOR	1.00	Director	$0	$0	$0
EDITH M HALL	DIRECTOR	1.00	Director	$0	$0	$0
MARGARET A MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY J IGNASHER	TREASURER	1.00	Officer Director	$0	$0	$0
ADELAIDE A DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
E JUDSON MCADAMS	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD D WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD L NICHOLS	CHAIR	1.00	Officer Director	$0	$0	$0
CURTIS L TRENKELBACH	DIRECTOR	1.00	Director	$0	$0	$0
THECKLA D STERRETT	DIRECTOR	1.00	Director	$0	$0	$0
VELVA W WOOLLEN	DIRECTOR	1.00	Director	$0	$0	$0
MARTHA K CADDELL	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM A NICHOLS	DIRECTOR	1.00	Director	$0	$0	$0
B PARTHENIA RICH	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT T DOOLEY	DIRECTOR - CHAIR ELECT	1.00	Officer Director	$0	$0	$0
RONALD R KIMBLE	DIRECTOR	1.00	Director	$0	$0	$0
CLEVE W HOWARD	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES R GASKINS	CFO	40.00	Officer	$228,727	$32,901	$261,628
ANGELA RIGSBEE	PRESIDENT AND CEO	40.00	Officer	$260,954	$28,155	$289,109
MILTON MCGOWIAN	VP RESIDENT SERVICES	40.00	Officer	$158,449	$24,709	$183,158
CORY STEPANSKI	DIRECTOR OF FACILITY SERVICES	40.00	Highest	$120,869	$29,022	$149,891
ANN MARIE LADIS	DIRECTOR OF MARKETING	32.00	Highest	$119,671	$14,901	$134,572
ELIZABETH BYRD	VP NURSING SERVICES	40.00	Highest	$144,451	$16,334	$160,785
OTIS AMERSON	PROJECT MANAGER	40.00	Highest	$126,917	$15,152	$142,069
MARIE KOTAY	CNA	70.00	Highest	$108,253	$21,057	$129,310

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	No data	No data	No data	No data
2023	$36,861,852	$35,774,250	$223,264,585	$1,087,602
2022	$28,589,138	$28,080,307	$213,210,140	$508,831
2021	$32,938,092	$26,085,646	$213,857,347	$6,852,446
2020	$30,674,353	$24,791,289	$190,422,797	$5,883,064
2019	$31,874,363	$24,124,495	$177,552,190	$7,749,868
2018	$30,900,954	$23,324,129	$87,538,008	$7,576,825

THE PRESBYTERIAN HOME AT CHARLOTTE INC