Carolina Seniorcare
Nonprofit profile at a glance
- EIN
- 274450562
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Newton, NC, USA
- Phone
- 8284658019
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Rehabilitative Medical Services
- Affiliation
- Christianity
Reported finances
- Revenue
- $20,867,038
- Expenses
- $19,156,022
- Assets
- $21,655,077
- Liabilities
- $9,287,333
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
23 people listed
Executive titles in this filing
- LEE SYRIA (PRESIDENT AND CEO)
Highest reported compensation
- LEE SYRIA (PRESIDENT AND CEO): $602,457 total reported compensation
- AIMEE REIMANN (COO): $415,423 total reported compensation
- DAIVID E RODDY DR (MEDICAL DIRECTOR): $331,553 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
A christian ministry providing vibrant living, diverse programs of outreach and compassionate services.
What it reported doing in 2024
Carolina seniorcare is a not-for-profit provider of pace services under the sponsorship of everyage. Carolina seniorcare serves individuals who are age 55 or older, certified by their state to need nursing home care, are able to live safely in the community at the time of enrollment, live in davidson, rowan, davie, or iredell counties and either have medicare or medicaid. The program is able to provide the entire continuum of care and services to seniors with chronic care needs while maintaining their independence in their homes for as long as possible. Pace funding is unique as pace receives direct payments from medicare and medicaid to provide all needed services. (continued on schedule o)because of the pooled financing of pace, programs have strong incentives to focus on wellness and prevention and to decrease the hospitalization rates for the participants and the incidence of long-term institutionalization.
Operating model
- Revenue model
- Earned-program. 98% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some related-organization disclosures are missing.
Rating breakdown
- Financial Efficiency: 77
- Transparency & Controls: 60
- Accountability: 100
- Sustainability: 53
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 84.1%; rating input score 84
- Program expense ratio: 92.3%; rating input score 92
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 6th percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: No; rating input score 0
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 8.2%; rating input score 63; 63rd percentile among comparable filings
- Total-asset coverage ratio: 1.13; rating input score 40; 40th percentile among comparable filings
- Liabilities to assets ratio: 0.43; rating input score 34; 34th percentile among comparable filings
- Officer compensation ratio: 3.5%; rating input score 64; 64th percentile among comparable filings
Growth
- Program expense growth: 4.3% per year; rating input score 100; 36th percentile among comparable filings
- Revenue growth: 9% per year; rating input score 100; 70th percentile among comparable filings
- Asset growth: 22.4% per year; rating input score 100; 92nd percentile among comparable filings
Details
- Where the money goes: 84.1% of revenue deployed · 92.3% of spending went to programs
- Governance: 16 of 16 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $17.7M in reported program spending
- Leadership: top reported pay $602K · 23 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $5M reported
- Consistency: 31 of 32 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes major donors and executive pay
- Filing history: 14 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: 9 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Transparency & Controls: Related-party transparency scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 40/100.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
- Moderate — Sustainability: Liabilities to assets ratio scored 34/100.