ALAMANCE EXTENDED CARE INC (EIN 581681364) - 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

1985

Legal Domicile

Principal Officer

STEPHEN P FLEMING

Phone

3365455407

Tax Period

2023-01-01 to 2023-12-31

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.

Mission

TO PROVIDE A FULL CONTINUUM OF CARE FOR OLDER ADULTS

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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 $342,532

Program Service Revenue $13,192,707

Investment Income $36,948

Other Revenue $8,839

TOTAL REVENUE $13,581,026

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,649,218

Fundraising Expenses $0

Program Expenses $13,126,172

Other Expenses $8,669,760

TOTAL EXPENSES $16,318,978

Year-over-Year Comparison

	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%

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

201

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

$941,112

Total Directors

Key Employees

Highest Compensated

reported

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

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	$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

ALAMANCE EXTENDED CARE INC