Life Enrichment Center of Cleveland County Inc

EIN: 581406638 501(c)(3) Human Services

Shelby, NC

Total Revenue
$3,374,640
Total Expenses
$3,399,383
Total Assets
$11,396,952
Net Assets
$7,946,671
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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
1980
Legal Domicile
NC
Principal Officer
Tommy Brooks
Phone
7044840405
Tax Period
2024-01-01 to 2024-12-31

Life Enrichment Center of Cleveland County Inc, founded in 1980, is a community nonprofit in the Human Services sector that reported $3.4M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Net assets of $7.9M represent 28 months of operating reserves.

Mission

Life Enrichment Center offers quality, compassionate adult day care and support services to meet the needs of caregivers and their loved ones.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $90,236
Program Service Revenue $2,931,995
Investment Income $-4,641
Other Revenue $357,050
TOTAL REVENUE $3,374,640

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,120,155
Fundraising Expenses $40,200
Program Expenses $3,022,855
Other Expenses $1,279,228
TOTAL EXPENSES $3,399,383

Year-over-Year Comparison

2024 2023 Change
Revenue $3,374,640 $2,882,453 +0.2%
Expenses $3,399,383 N/A N/A
Net Income $-24,743 $2,882,453 -1.0%
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

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Governance

Voting Members
21
Independent Members
21
Employees
62
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
4
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Toni Camp Exec Director 50.00
Highest
$125,574 $5,997 $131,571
Hannah Cyr Board Member 0.00
Director
$0 $0 $0
Larry Dooley Board Member 0.00
Director
$0 $0 $0
Pete Gilbert Board Member 0.00
Director
$0 $0 $0
Eddie Gray Board Member 0.00
Director
$0 $0 $0
Russ Putnam Board Member 0.00
Director
$0 $0 $0
Tonya Arrington Board Member 0.00
Director
$0 $0 $0
Kristen Martin Board Member 0.00
Director
$0 $0 $0
Susan Lankford Board Member 0.00
Director
$0 $0 $0
Sandy Logan Board Member 0.00
Director
$0 $0 $0
Terri Simmons Board Member 0.00
Director
$0 $0 $0
Stephanie Wieck Board Member 0.00
Director
$0 $0 $0
Becki Anthony Board Member 0.00
Director
$0 $0 $0
Tommy Brooks President 0.00
Officer
$0 $0 $0
Jonathan Rhodes VP 0.00
Officer
$0 $0 $0
Paula Ramsey Secretary 0.00
Officer
$0 $0 $0
Rick Clauss Treasurer 0.00
Officer
$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 $3,374,640 $3,399,383 $11,396,952 $-24,743
2023 $2,882,453 $2,878,509 $11,532,318 $3,944
2022 $2,766,680 $3,020,323 No data $-253,643
2021 $2,271,820 $2,332,757 $11,373,805 $-60,937
2020 $2,269,962 $2,244,222 $10,208,733 $25,740
2019 $3,103,866 $2,802,181 $9,756,528 $301,685
2018 $4,110,158 $2,892,811 $9,548,832 $1,217,347
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