CAPE FEAR GROUP HOMES INC (EIN 581933669) - 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

1990

Legal Domicile

Principal Officer

EDWARD M WALSH

Phone

9102512555

Tax Period

2023-07-01 to 2024-06-30

CAPE FEAR GROUP HOMES INC, founded in 1990, is a community nonprofit in the Mental Health sector that reported $4.0M in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $4.5M exceeded revenue, resulting in a 12% operating deficit.

Mission

CAPE FEAR OPERATES UNDER THE MISSION OF PROVIDING QUALITY, PERSON-CENTERED SERVICES TO INDIVIDUALS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES AND AUTISM SPECTRUM DISORDERS THAT EMPOWER THEM TO LIVE PRODUCTIVE AND FULFILLING LIVES WITH THE SUPPORT OF FAMILY, FRIENDS AND THE COMMUNITY.

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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 $3,929,928

Program Service Revenue $0

Investment Income $45,367

Other Revenue $8,053

TOTAL REVENUE $3,983,348

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,262,248

Fundraising Expenses $0

Program Expenses $3,670,730

Other Expenses $1,215,445

TOTAL EXPENSES $4,477,693

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,983,348	$5,144,444	-0.2%
Expenses	$4,477,693	$4,512,616	0.0%
Net Income	$-494,345	$631,828	-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

136

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

$139,434

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHY BOBBITT	DIRECTOR	1.00	Director	$0	$0	$0
MARIETTA CHEWNING	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN TORRES	DIRECTOR	1.00	Director	$0	$0	$0
DAVID PARKS	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA SMITH	TREASURER	1.00	Officer Director	$0	$0	$0
ANITA GEARY	SECRETARY	1.00	Officer Director	$0	$0	$0
STEVE WELLS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
GLENN WELLS	PRESIDENT	1.00	Officer Director	$0	$0	$0
ED WALSH	EXECUTIVE DIRECTOR/EX OFFI	50.00	Officer	$139,434	$0	$139,434

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	$3,983,348	$4,477,693	$2,980,458	$-494,345
2023	$5,144,444	$4,512,616	$3,477,482	$631,828
2022	$3,782,504	$3,809,920	$2,301,518	$-27,416
2021	$4,383,994	$3,411,703	$2,358,477	$972,291
2020	$3,046,529	$3,093,998	$1,827,053	$-47,469
2019	$2,871,915	$3,022,394	$1,182,501	$-150,479
2018	$2,960,197	$3,025,111	$1,298,122	$-64,914

CAPE FEAR GROUP HOMES INC