CAROLINA PLACE INC (EIN 570963230) - 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

1992

Legal Domicile

Principal Officer

CHERIE MABREY

Phone

8035361056

Tax Period

2023-01-01 to 2023-12-31

CAROLINA PLACE INC, founded in 1992, is a small nonprofit that reported $204K in total revenue in fiscal year 2023. Net assets of $502K represent 30 months of operating reserves.

Mission

CAROLINA PLACE, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF SOUTH CAROLINA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 20 UNIT COMMUNITY KNOWN AS CAROLINA PLACE APARTMENTS LOCATED IN ROCK HILL, SOUTH CAROLINA, WHICH PROVIDES HOUSING FOR PERSONS WITH DISABILITIES. THE CORPORATION RECEIVES HOUSING ASSISTANCE FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT PURSUANT TO SECTION 811 OF THE NATIONAL HOUSING ACT, AS AMENDED.

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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 $148,858

Program Service Revenue $51,054

Investment Income $2,823

Other Revenue $855

TOTAL REVENUE $203,590

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $148,064

Other Expenses $211,130

TOTAL EXPENSES $211,130

Year-over-Year Comparison

	2023	2022	Change
Revenue	$203,590	$189,680	+0.1%
Expenses	$211,130	$198,897	+0.1%
Net Income	$-7,540	$-9,217	-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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHERIE MABREY	PRESIDENT	2.00	Officer Director	$0	$0	$0
THOMAS LANGSTON	TREASURER	2.00	Officer Director	$0	$0	$0
REBECCA LAWSON	SECRETARY	2.00	Officer Director	$0	$0	$0
DEBRA DAHLIN	DIRECTOR	2.00	Director	$0	$0	$0
MARY ANN STATEN	DIRECTOR	2.00	Director	$0	$0	$0
KATHY THOMAS	DIRECTOR	2.00	Director	$0	$0	$0
JASON MEYERS	DIRECTOR	2.00	Director	$0	$0	$0
PAT CALKINS	DIRECTOR	2.00	Director	$0	$0	$0
LOUVETTA DICKS	DIRECTOR	2.00	Director	$0	$0	$0
HATTIE ROSS	DIRECTOR	2.00	Director	$0	$0	$0
REV JANE SUMMEY	DIRECTOR	2.00	Director	$0	$0	$0
SUE DICATO	DIRECTOR	2.00	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
2024	No data	No data	No data	No data
2023	$203,590	$211,130	$515,656	$-7,540
2022	$189,680	$198,897	$527,811	$-9,217
2021	$196,494	$205,877	$531,526	$-9,383
2020	$183,505	$185,060	$541,187	$-1,555
2019	$154,963	$154,822	$552,393	$141
2018	$172,529	$154,869	$551,248	$17,660

CAROLINA PLACE INC