Future Care of North Carolina Inc

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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

2006

Legal Domicile

Phone

9198303863

Tax Period

2023-01-01 to 2023-12-31

Future Care of North Carolina Inc, founded in 2006, is a small nonprofit in the Education sector that reported $719K in total revenue in fiscal year 2023. Revenue decreased 20% compared to the prior year.

Mission

Provide information to and recruiting of new entrants into the nursing field

Program Service Accomplishments

Program 1

Expenses: $750,020 Revenue: $719,205

Creation of portal to provide information and recruit skilled nursing applicants new to the field

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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 $719,205

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $719,205

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $750,020

Other Expenses $750,020

TOTAL EXPENSES $750,020

Year-over-Year Comparison

	2023	2022	Change
Revenue	$719,205	$894,543	-0.2%
Expenses	$750,020	$709,203	+0.1%
Net Income	$-30,815	$185,340	-1.2%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ken Burgess	Chair	0.10	Officer Director	$0	$0	$0
Lauren Greenwood	Vice Chair	0.10	Officer Director	$0	$0	$0
Robin Niles	Board Member	0.10	Director	$0	$0	$0
Ashley Jones	Board Member	0.10	Director	$0	$0	$0
Justin Dixon	Board Member	0.10	Director	$0	$0	$0
Brad Myers	Board Member	0.10	Director	$0	$0	$0
Andy Page	Board Member	0.10	Director	$0	$0	$0
Sarah Lynch	Board Member	0.10	Director	$0	$0	$0
Rob Peck	Board Member	0.10	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
2024	No data	No data	No data	No data
2023	$719,205	$750,020	$337,034	$-30,815
2022	$894,543	$709,203	$1,087,055	$185,340
2021	$921,624	$798,183	$1,786,258	$123,441