Coltrane LIFE Center Inc

Nonprofit profile at a glance

EIN
561222998
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
Concord, NC, USA
Phone
7047881215
Rating
86
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$1,176,418
Expenses
$1,097,299
Assets
$1,703,986
Liabilities
$89,007

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

23 people listed

Executive titles in this filing

  • Kenny Frye (Vice President)
  • Marjorie Brown (President)

Highest reported compensation

  • Susan Caudle (Executive Dir.): $91,780 total reported compensation
  • Pam Hayworth (Secretary): $43,360 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Coltrane LIFE Center is an adult day health care center that serves older adults and adults with disabilities. The center's mission is to improve the quality of life for frail and impaired adults and their families through specialized adult day heath services.

What it reported doing in 2024

Coltrane LIFE Center provides comprehensive adult day health services to seniors & adults with disabilities. During fiscal year 2024-25, the center served 119 adults from Cabarrus and surrounding counties. Participants include older adults with Alzheimers disease/dementia, Parkinsons disease, the effects of a stroke, vision or hearing impairments, and the need to be among friends their own age. The Center also serves younger adults (at least age 18) who have developmental disabilities, accident-related disabilities, or other impairments. The center provides health care services, nutritious meals, transportation to and from the Center, beauty/barber services, personal hygiene care, and meaningful activities to participants. In addition, the center provides respite, education, and support to family caregivers.

Operating model

Revenue model
Earned-program. 86% 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 76
  • Transparency & Controls: 92
  • Accountability: 100
  • Sustainability: 52
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 82.4%; rating input score 82
  • Program expense ratio: 89.5%; rating input score 89
  • Fundraising efficiency: $2.92 raised per $1 spent on fundraising; rating input score 9; 9th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • 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: 6.7%; rating input score 54; 54th percentile among comparable filings
  • Total-asset coverage ratio: 1.55; rating input score 57; 57th percentile among comparable filings
  • Liabilities to assets ratio: 0.05; rating input score 51; 51st percentile among comparable filings
  • Officer compensation ratio: 12.3%; rating input score 30; 30th percentile among comparable filings

Growth

  • Program expense growth: 3.1% per year; rating input score 100; 32nd percentile among comparable filings
  • Revenue growth: 2.9% per year; rating input score 100; 30th percentile among comparable filings
  • Asset growth: 0.7% per year; rating input score 100; 20th percentile among comparable filings

Details

  • Where the money goes: 82.4% of revenue deployed · 89.5% of spending went to programs
  • Governance: 21 of 21 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $982K in reported program spending
  • Leadership: top reported pay $92K · 23 people listed
  • Consistency: 28 of 28 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 13 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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 — Financial Efficiency: Fundraising efficiency scored 9/100.
  • Review — Sustainability: Operating margin scored 54/100.
  • Review — Sustainability: Total-asset coverage ratio scored 57/100.
  • Moderate — Sustainability: Officer compensation ratio scored 30/100.
  • Review — Sustainability: Liabilities to assets ratio scored 51/100.