CARESOUTH CAROLINA INC (EIN 570664826) - 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

1978

Legal Domicile

Principal Officer

MS ANN LEWIS

Phone

8438570111

Tax Period

2024-06-01 to 2025-05-31

CARESOUTH CAROLINA INC, founded in 1978, is a mid-sized nonprofit in the Health Care sector that reported $86.2M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $82.6M left a modest 4% surplus.

Mission

WE ENHANCE AND IMPROVE THE HEALTH AND WELLBEING OF EVERYONE.

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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 $15,434,798

Program Service Revenue $37,669,997

Investment Income $283,607

Other Revenue $32,825,210

TOTAL REVENUE $86,213,612

Expense Breakdown

Grants Paid $0

Salaries & Benefits $50,655,249

Fundraising Expenses $0

Program Expenses $60,330,511

Other Expenses $31,986,736

TOTAL EXPENSES $82,641,985

Year-over-Year Comparison

	2024	2023	Change
Revenue	$86,213,612	$73,167,468	+0.2%
Expenses	$82,641,985	$70,303,040	+0.2%
Net Income	$3,571,627	$2,864,428	+0.2%

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

764

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

$843,980

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CECILIA ADUAKO MD	MEDICAL DOCT	40.00	Highest	$579,527	$0	$579,527
MS ANN LEWIS	CHIEF EXECUT	40.00	Officer	$318,488	$0	$318,488
DR STEVE SMITH	CHIEF MEDICA	40.00	Officer	$298,387	$0	$298,387
JENIQUA DUNCAN MD	MEDICAL DOCT	40.00	Highest	$263,634	$0	$263,634
CATHERINE COMPTON MD	MEDICAL DOCT	40.00	Highest	$251,509	$0	$251,509
CLARA CABRERA FERMIN MD	MEDICAL DOCT	40.00	Highest	$246,700	$0	$246,700
CHRISTINA BIESTER MD	MEDICAL DOCT	40.00	Highest	$238,830	$0	$238,830
MR TIM WALTERS	CHIEF FINANC	40.00	Officer	$137,426	$0	$137,426
MS SHANNON FREEMAN	CHIEF FINANC	40.00	Officer	$89,679	$0	$89,679
MR ENNIS BRYANT	VICE CHAIRPE	N/A	Director	$0	$0	$0
MR TRUDY DRAWHORN	BOARD MEMBER	N/A	Director	$0	$0	$0
MRS TERESA GAINEY	BOARD MEMBER	N/A	Director	$0	$0	$0
MRS MARY GARVIN	BOARD MEMBER	N/A	Director	$0	$0	$0
MR TIM HARPER	BOARD MEMBER	N/A	Director	$0	$0	$0
REPRESENTATIVE PATRICIA HENEGAN	BOARD MEMBER	N/A	Director	$0	$0	$0
MR JAY HODGE	CHAIRPERSON	N/A	Director	$0	$0	$0
DR FLOSSIE BARTELL JACKSON	TREASURER	N/A	Director	$0	$0	$0
MRS DOROTHY JOYNER	BOARD MEMBER	N/A	Director	$0	$0	$0
MS DELORIS LEGRANT	BOARD MEMBER	N/A	Director	$0	$0	$0
MRS ERNESTINE POWE	ASST. SECRET	N/A	Director	$0	$0	$0
MRS BONNIE SEALS	SECRETARY	N/A	Director	$0	$0	$0

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	$86,213,612	$82,641,985	$48,482,445	$3,571,627
2024	$73,167,468	$70,303,040	$44,782,950	$2,864,428
2023	$67,544,421	$64,416,735	$37,870,126	$3,127,686
2022	$62,130,801	$60,111,137	$34,185,450	$2,019,664
2021	$54,766,668	$54,598,002	$32,564,491	$168,666
2020	$48,707,772	$49,215,863	$29,677,883	$-508,091
2019	$47,242,069	$42,376,055	$25,288,703	$4,866,014
2018	$45,436,229	$40,014,734	$21,233,268	$5,421,495

CARESOUTH CAROLINA INC