CAROLINA MEADOWS HOME CARE INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2017

Legal Domicile

Principal Officer

KEVIN A MCLEOD

Phone

9193707128

Tax Period

2023-01-01 to 2023-12-31

CAROLINA MEADOWS HOME CARE INC, founded in 2017, is a community nonprofit in the Health Care sector that reported $1.5M in total revenue in fiscal year 2023. Revenue surged 68% from the prior year, signaling strong growth momentum. The organization ran a surplus of $234K, a strong 15% operating margin.

Mission

CAROLINA MEADOWS HOME CARE, INC. PROVIDES IN-HOME CARE SERVICES AND ACTS AS A TYPE II SUPPORTING ORGANIZATION FOR CAROLINA MEADOWS, INC. WHICH IS A LIFE PLAN COMMUNITY. SERVICES ARE PRIMARILY PROVIDED BY HOME HEALTH AIDES LICENSED BY N.C. DEPARTMENT OF HEALTH AND HUMAN SERVICES AND PROVIDED EXCLUSIVELY TO ELDERLY CLIENTS WHO RESIDE AT CAROLINA MEADOWS RETIREMENT COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $1,160,441 Revenue: $1,543,035

CAROLINA MEADOWS HOME CARE PROVIDES SUPPORT TO AS MANY CAROLINA MEADOWS RESIDENTS AS WOULD BENEFIT FROM ITS SERVICES. ACTIVITY'S OBJECTIVE: HOME CARE SERVICES WILL CONTINUE TO GROW TO PROVIDE...

CAROLINA MEADOWS HOME CARE PROVIDES SUPPORT TO AS MANY CAROLINA MEADOWS RESIDENTS AS WOULD BENEFIT FROM ITS SERVICES. ACTIVITY'S OBJECTIVE: HOME CARE SERVICES WILL CONTINUE TO GROW TO PROVIDE INCREASED HOURS OF SUPPORT AT MATURITY. CURRENTLY APPROXIMATELY 1,600 TO 3,100 HOURS PER MONTH, DEPENDING ON NUMBER OF LARGE HOUR CASES AND AVAILABLE STAFFING.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,543,035

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,543,035

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,228,061

Fundraising Expenses $0

Program Expenses $1,160,441

Other Expenses $80,899

TOTAL EXPENSES $1,308,960

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,543,035	$918,648	+0.7%
Expenses	$1,308,960	$856,680	+0.5%
Net Income	$234,075	$61,968	+2.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$664,640

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOAN PELLETTIER	MEMBER	1.00	Officer Director	$0	$0	$0
ANNE KISSEL	MEMBER	1.00	Director	$0	$0	$0
STEVE MILLER	MEMBER	1.00	Director	$0	$0	$0
ROBIN MCDUFFIE	TREASURER	1.00	Director	$0	$0	$0
HUGH TILSON	CHAIR	1.00	Director	$0	$0	$0
NANCY CHESCHEIR	VICE CHAIR /SECRETARY	1.00	Director	$0	$0	$0
ROSEMARY WALDORF	MEMBER	1.00	Director	$0	$0	$0
GARY LEVINE	EXECUTIVE VICE PRESIDENT AND CFO	2.00	Officer	$0	$21,695	$275,489
KEVIN MCLEOD	PRESIDENT AND CEO	1.00	Officer	$0	$24,712	$389,151

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	$1,543,035	$1,308,960	$350,197	$234,075
2022	$918,648	$856,680	$181,994	$61,968
2021	$618,506	$704,664	$102,573	$-86,158
2020	$708,514	$723,626	$122,109	$-15,112
2019	$714,814	$799,683	$165,064	$-84,869
2018	$250,630	$370,071	$2,081	$-119,441