THE LIFE CENTER OF DAVIDSON COUNTY INC

EIN: 581781761 501(c)(3)

LEXINGTON, NC

Total Revenue
$1,213,687
Total Expenses
$1,192,274
Total Assets
$986,979
Net Assets
$854,194
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
NC
Principal Officer
TOMMY HODGES
Tax Period
2023-07-01 to 2024-06-30

THE LIFE CENTER OF DAVIDSON COUNTY INC, founded in 1986, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

ADULT DAY HEALTH CARE PROVIDED TO OLDER AND DISABLED ADULTS LIVING IN DAVIDSON COUNTY. ENABLE CAREGIVERS TO WORK, DO CHORES, OR REST. ACTIVITIES, MEALS, TRANSPORTATION, AND STIMULATION PROVIDED.

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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 (2023)

Revenue Breakdown

Contributions & Grants $323,883
Program Service Revenue $777,563
Investment Income $8,140
Other Revenue $104,101
TOTAL REVENUE $1,213,687

Expense Breakdown

Grants Paid $0
Salaries & Benefits $778,163
Fundraising Expenses $12,284
Program Expenses $1,049,379
Other Expenses $414,111
TOTAL EXPENSES $1,192,274

Year-over-Year Comparison

2023 2022 Change
Revenue $1,213,687 $1,060,148 +0.1%
Expenses $1,192,274 $1,068,562 +0.1%
Net Income $21,413 $-8,414 -3.5%
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

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Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
16
Employees
21
Volunteers
55

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
17
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELIZABETH RUMMAGE EXECUTIVE DIRECTOR 40.00
Highest
$172,010 $5,207 $177,217
PHILLIP YOUNG BOARD MEMBER 1.00
Director
$0 $0 $0
ATALIA CARDENAS BOARD MEMBER 1.00
Director
$0 $0 $0
STEVE JACKSON BOARD MEMBER 1.00
Director
$0 $0 $0
MARY HESTER BOARD MEMBER 1.00
Director
$0 $0 $0
CHERYL SKINNER BOARD MEMBER 1.00
Director
$0 $0 $0
KATHY HUNT BOARD MEMBER 1.00
Director
$0 $0 $0
COURTNEY HINDES BOARD MEMBER 1.00
Director
$0 $0 $0
KEN DAVIS BOARD MEMBER 1.00
Director
$0 $0 $0
BETTY POPE PAST PRESIDENT 1.00
Director
$0 $0 $0
TERRA GREENE BOARD MEMBER 1.00
Director
$0 $0 $0
DWIGHT CARTNER BOARD MEMBER 1.00
Director
$0 $0 $0
JUSTIN FINCH BOARD MEMBER 1.00
Director
$0 $0 $0
HEATHER YATES-DAVIS BOARD MEMBER 1.00
Director
$0 $0 $0
TOMMY HODGES PRESIDENT 1.00
Officer Director
$0 $0 $0
TED MYERS TREASURER 1.00
Officer Director
$0 $0 $0
PAM ALLEY VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
PHYLLIS PENRY SECRETARY 1.00
Officer 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
2025 No data No data No data No data
2024 $1,213,687 $1,192,274 $986,979 $21,413
2023 $1,060,148 $1,068,562 $1,013,950 $-8,414
2022 $831,459 $812,829 $970,156 $18,630
2021 $797,766 $741,274 $936,799 $56,492
2020 $642,593 $667,976 $887,818 $-25,383
2019 $633,752 $638,980 $821,345 $-5,228
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