THE NORTH CAROLINA HOMES FOR THE AGING FOUNDATION INC (EIN 581594182) - 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

1984

Legal Domicile

Principal Officer

TOM AKINS

Phone

9195718333

Tax Period

2024-01-01 to 2024-12-31

THE NORTH CAROLINA HOMES FOR THE AGING FOUNDATION INC, founded in 1984, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 945% from the prior year, signaling strong growth momentum. The organization ran a surplus of $933K, a strong 65% operating margin.

Mission

ENHANCING THE UNDERSTANDING, AWARENESS AND RESOLUTION OF AGING ISSUES THROUGH EDUCATION AND RESEARCH.

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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 $1,300,680

Program Service Revenue $0

Investment Income $143,860

Other Revenue $0

TOTAL REVENUE $1,444,540

Expense Breakdown

Grants Paid $425,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $508,357

Other Expenses $86,298

TOTAL EXPENSES $511,798

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,444,540	$138,274	+9.4%
Expenses	$511,798	$28,007	+17.3%
Net Income	$932,742	$110,267	+7.5%

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

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

$322,755

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM WEBSTER	PAST CHAIR	1.00	Director	$0	$0	$0
SARA FLYNN-LOY	CHAIR	1.00	Officer Director	$0	$0	$0
ANGELA RIGSBEE	SECRETARY	1.00	Officer Director	$0	$0	$0
BEN GILCHRIST	CHAIR ELECT	1.00	Officer Director	$0	$0	$0
ZANE BENNET	DIRECTOR	1.00	Director	$0	$0	$0
DALE MELTON	TREASURER	1.00	Officer Director	$0	$0	$0
TOM FORD	DIRECTOR	1.00	Director	$0	$0	$0
JACOB ELLIOTT	DIRECTOR	1.00	Director	$0	$0	$0
ANITA HOLT	EX OFFICIO	1.00	Director	$0	$0	$0
VERNON BAKER	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN PARRIES	DIRECTOR (UNTIL 5/24)	1.00	Director	$0	$0	$0
TOM AKINS	PRESIDENT & CEO	1.00	Officer	$0	$41,234	$322,755

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	$1,444,540	$511,798	$4,033,858	$932,742
2023	$138,274	$28,007	$2,848,741	$110,267
2022	$896,762	$42,310	$2,739,196	$854,452
2021	$134,160	$38,672	$1,993,129	$95,488
2020	$136,344	$29,836	$1,889,655	$106,508

THE NORTH CAROLINA HOMES FOR THE AGING FOUNDATION INC