GREENSBORO, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)ALAMANCE EXTENDED CARE INC, founded in 1985, is a mid-sized nonprofit in the Housing & Shelter sector that reported $13.6M in total revenue in fiscal year 2023. Revenue surged 368% from the prior year, signaling strong growth momentum. Expenses of $16.3M exceeded revenue, resulting in a 20% operating deficit.
ALAMANCE EXTENDED CARE IS COMMITTED TO IMPROVING THE HEALTH OF THE COMMUNITY THROUGH THE PROVISION OF A HIGH QUALITY LIFECARE RETIREMENT EXPERIENCE THAT INTEGRATES A CONTINUUM OF RETIREMENT LIVING, PREVENTATIVE WELLNESS AND LONGTERM CARE SERVICES.
THE VILLAGE IS A NORTH CAROLINA NONPROFIT CORPORATION WHICH WAS FOUNDED IN 1986. THE VILLAGE WAS ESTABLISHED TO DEVELOP AND OPERATE A CONTINUING CARE RETIREMENT COMMUNITY AND TO PROVIDE HOUSING...
THE VILLAGE IS A NORTH CAROLINA NONPROFIT CORPORATION WHICH WAS FOUNDED IN 1986. THE VILLAGE WAS ESTABLISHED TO DEVELOP AND OPERATE A CONTINUING CARE RETIREMENT COMMUNITY AND TO PROVIDE HOUSING, HEALTH CARE, AND RELATED SERVICES TO OLDER ADULTS. THE VILLAGE IS AN AFFILIATE OF WELLSPRING SERVICES, INC. (SERVICES), THE SOLE MEMBER OF THE VILLAGE. THE VILLAGE CONSISTS OF A A LIFE PLAN COMMUNITY SITUATED ON APPROXIMATELY 40 ACRES LOCATED IN BURLINGTON, NORTH CAROLINA. THE VILLAGE CONSISTS OF 110 INDEPENDENT LIVING APARTMENT UNITS AND 45 INDEPENDENT LIVING COTTAGE UNITS; A 24-UNIT ASSISTED LIVING FACILITY, WHICH CONTAINS 12 TRADITIONAL ASSISTED LIVING UNITS AND 12 MEMORY SUPPORT UNITS; A 24-BED SKILLED NURSING UNIT; A COMMUNITY CENTER; AND A WELLNESS CENTER.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $13,581,026 | $2,902,443 | +3.7% |
| Expenses | $16,318,978 | $3,879,076 | +3.2% |
| Net Income | $-2,737,952 | $-976,633 | +1.8% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| KENNETH BOGGS | VICE-CHAIR, IMM. PAST CHAI | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KATHRYN COOKIE BILLINGS | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JERRY BAILEY | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JEFF BLASER | ASSISTANT SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ANTHONY BOYD | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| CHRIS BROWN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| DAN CAMIA | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| BARRY CANNER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| BOB CHANDLER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| TIM CLONTZ | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| SALLY CONE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| SUSAN COX | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| WENDY GATLIN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| RUSTY HOLT | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| DARYL INGOLD | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JENNIFER KOENIG | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| BONNIE MCALISTER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| SUSAN MCDONALD | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| BOB POWELL | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| SUSAN SHUMAKER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| CAROLE SIMMS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MARTY STADLER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| TOM STEELE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JENNIFER YOUNG | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| BEN ZURAW | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| STEPHEN P FLEMING | PRESIDENT/CEO | 5.00 |
Officer
|
$0 | $34,843 | $482,677 |
| K ALAN TUTTEROW | SECRETARY/INTERIM TREAS | 5.00 |
Officer
|
$0 | $23,512 | $458,435 |
| APRIL MAYBERRY | EXECUTIVE DIRECTOR | 40.00 |
Highest
|
$194,214 | $11,107 | $205,321 |
| CYNTHIA KROKSH | DIRECTOR OF NURSING | 40.00 |
Highest
|
$138,685 | $11,026 | $149,711 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $13,581,026 | $16,318,978 | $53,976,613 | $-2,737,952 |
| 2022 | $11,909,795 | $12,516,487 | $55,377,747 | $-606,692 |
| 2022 | $2,902,443 | $3,879,076 | $51,339,469 | $-976,633 |
| 2021 | $13,908,822 | $15,284,598 | $64,386,325 | $-1,375,776 |
| 2020 | $16,543,421 | $22,895,806 | $65,444,547 | $-6,352,385 |
| 2019 | $17,976,499 | $18,794,030 | $73,266,375 | $-817,531 |
| 2018 | $16,622,408 | $17,723,317 | $71,984,950 | $-1,100,909 |
Compare ALAMANCE EXTENDED CARE INC with other nonprofits in North Carolina and across the country.