VALDESE NURSING HOME INC

EIN: 581978560 501(c)(3) Health Care

CONNELLY SPRINGS, NC

Total Revenue
$666,975
Total Expenses
$101,381
Total Assets
$628,949
Net Assets
$11,162
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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
1993
Legal Domicile
NC
Principal Officer
GARY PAXSON
Phone
8285805000
Tax Period
2024-07-01 to 2025-06-30

VALDESE NURSING HOME INC, founded in 1993, is a small nonprofit in the Health Care sector that reported $667K in total revenue in fiscal year 2024. The organization ran a surplus of $566K, a strong 85% operating margin.

Mission

TO PROVIDE HEALTHCARE TO THE ELDERLY AND AGING.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $683,280
Investment Income $-16,305
Other Revenue $0
TOTAL REVENUE $666,975

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $91,183
Other Expenses $101,381
TOTAL EXPENSES $101,381

Year-over-Year Comparison

2024 2023 Change
Revenue $666,975 $683,280 0.0%
Expenses $101,381 $116,619 -0.1%
Net Income $565,594 $566,661 0.0%
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

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Governance

Voting Members
10
Independent Members
9
Employees
N/A
Volunteers
9

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
8
$1,297,771
Total Directors
10
$471,311
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
M H MCCRARY CHAIRMAN 0.20
Officer Director
$0 $0 $0
JIM ROSTAN VICE CHAIR 0.20
Officer Director
$0 $0 $0
DAVID BENNETT TREASURER 0.20
Officer Director
$0 $0 $0
SUSAN HAIRE SECRETARY 0.20
Officer Director
$0 $0 $0
J MICHAEL BRIDGES PAST CHAIR 0.20
Officer Director
$0 $0 $0
KEVIN BAXTER BOARD MEMBER 0.20
Director
$0 $0 $0
ANDREW BRANT MD BOARD MEMBER 0.20
Director
$0 $0 $0
AMY JACKSON-KINCAID BOARD MEMBER 0.20
Director
$0 $0 $0
GANDHARI LOOMIS MD BOARD MEMBER 0.20
Director
$0 $8,771 $471,311
THEA YANG BOARD MEMBER 0.20
Director
$0 $0 $0
KATHY BAILEY PRESIDENT & CEO (THRU 8/2024) 1.00
Officer
$0 $7,606 $836,819
GARY PAXSON PRESIDENT & CEO (AS OF 9/2024) 1.00
Officer
$0 $0 $0
PATRICIA MOLL CFO 1.00
Officer
$0 $51,159 $460,952
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 $666,975 $101,381 $628,949 $565,594
2024 $683,280 $116,619 $724,232 $566,661
2023 $683,280 $132,225 $821,488 $551,055
2022 $341,640 $62,575 $936,860 $279,065
2021 $683,280 $207,123 $995,807 $476,157
2020 $737,572 $170,083 $1,124,943 $567,489
2019 $4,587,210 $4,421,568 $1,264,875 $165,642
2018 $8,576,694 $8,130,514 $2,576,231 $446,180
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