CORNELIA NIXON DAVIS INC

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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

1966

Legal Domicile

Phone

9106867195

Tax Period

2023-10-01 to 2024-09-30

CORNELIA NIXON DAVIS INC, founded in 1966, is a mid-sized nonprofit in the Health Care sector that reported $35.5M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

OUR MISSION IS TO PROVIDE HEALTH, REHABILITATION, AND WELLNESS SERVICES TO AGING ADULTS IN A LOVING CONTINUUM OF CARE ENVIRONMENT IN WHICH EACH RESIDENT LIVES AT AN OPTIMUM LEVEL OF FUNCTION AND DIGNITY. WE STRIVE TO BE THE PLACE WHERE AGING ADULTS CHOOSE TO LIVE AND EMPLOYEES DESIRE TO WORK.

Program Service Accomplishments

Program 1

Expenses: $31,326,202 Revenue: $31,807,294

FOR 50 YEARS, THE DAVIS COMMUNITY HAS PROVIDED PREMIER ASSISTED LIVING AND SKILLED NURSING SERVICES TO AGING ADULTS IN WILMINGTON, NC. THE WELLNESS CENTERS ARE OPEN TO SENIORS FROM WITHIN THE DAVIS AND CAMBRIDGE VILLAGE COMMUNITIES AND ALSO THE GENERAL PUBLIC. THE CENTERS PROVIDE OUTPATIENT REHABILITATION SERVICES AS WELL AS A FULLY FUNCTIONAL FITNESS FACILITY. MEMBERSHIP TO THE FITNESS FACILITY INCLUDES ACCESS TO A HEATED SALTWATER POOL, WEIGHTS AND CARDIO EXERCISE ROOMS, EXERCISE CLASSES, AND SEMINARS DESIGNED TO MEET THE HEALTH AND FITNESS NEEDS OF SENIORS.

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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 $2,971,467

Program Service Revenue $31,807,294

Investment Income $302,898

Other Revenue $463,442

TOTAL REVENUE $35,545,101

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,682,283

Fundraising Expenses $0

Program Expenses $31,326,202

Other Expenses $26,317,652

TOTAL EXPENSES $38,999,935

Year-over-Year Comparison

	2023	2022	Change
Revenue	$35,545,101	$32,343,204	+0.1%
Expenses	$38,999,935	$33,529,618	+0.2%
Net Income	$-3,454,834	$-1,186,414	+1.9%

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

459

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

$376,218

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Frank Hamilton	Chairman	1.0	Officer Director	$0	$0	$0
Reid Murchison	Vice Chairman	1.0	Officer Director	$0	$0	$0
William Taylor	Secretary/Treasurer	1.0	Officer Director	$0	$0	$0
Betsy von Biberstein	Board Member	1.0	Director	$0	$0	$0
Bill Raney	Board Member	1.0	Director	$0	$0	$0
Deloris Rhodes	Board Member	1.0	Director	$0	$0	$0
Dr Ed Whitesides	Board Member	1.0	Director	$0	$0	$0
Erika Hall	Board Member	1.0	Director	$0	$0	$0
Kelly Laham	Board Member	1.0	Director	$0	$0	$0
Rebecca Welker	Board Member	1.0	Director	$0	$0	$0
Rev Rudy Shepard	Board Member	1.0	Director	$0	$0	$0
Sam Rose	Board Member	1.0	Director	$0	$0	$0
Stacy Ankrum	Board Member	1.0	Director	$0	$0	$0
William OJ Lynch	Board Member	1.0	Director	$0	$0	$0
William Wallace Schottelkotte	Board Member	1.0	Director	$0	$0	$0
Angela H Barr	COO	40.0	Officer	$134,563	$5,383	$139,946
Charles A Long	CEO	40.0	Officer	$227,185	$9,087	$236,272
Cynthia N Edgell	Compliance Coordinator	40.0	Highest	$107,852	$25,884	$133,736
Leilani C Capone	Administrator - DHC	40.0	Highest	$135,914	$0	$135,914
Marsha Taylor	Director - IL	40.0	Highest	$125,755	$15,091	$140,846

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	$35,545,101	$38,999,935	$149,540,439	$-3,454,834
2023	$32,343,204	$33,529,618	$155,293,428	$-1,186,414
2022	$28,612,890	$29,830,933	$141,395,346	$-1,218,043
2021	$35,693,854	$27,856,021	$106,580,029	$7,837,833
2020	$34,941,043	$27,797,960	$78,983,125	$7,143,083
2019	$30,872,148	$27,305,951	$66,703,372	$3,566,197
2018	$28,991,023	$26,856,045	$63,500,221	$2,134,978