McLeod Centers For Wellbeing
Nonprofit profile at a glance
- EIN
- 560953783
- IRS 990 coverage
- 2016–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Charlotte, NC, US
- Phone
- (704)-332-9001
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Alcohol, Drug Abuse, Treatment Only
Reported finances
- Revenue
- $32,411,763
- Expenses
- $28,424,992
- Assets
- $32,816,040
- Liabilities
- $7,631,971
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
19 people listed
Executive titles in this filing
- CHRISTINE ZAZZARO (PRESIDENT)
Highest reported compensation
- CHRISTINE ZAZZARO (PRESIDENT): $283,624 total reported compensation
- MELANIE CONFORTI (CCO): $179,077 total reported compensation
- JIM MCCORKLE (CFO (OUTGOING)): $139,125 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
McLeod Centers for Wellbeing provides dignifying, respectful addiction recovery services, free of any judgment.
What it reported doing in 2024
Mcleod offers medication-assisted treatment (mat). This is the use of fda-approved medications, in combination with counseling and behavioral therapies, to provide a clinically-driven, "whole-patient" approach to the treatment of substance use disorders. Mat often prevents or reduces opioid overdose by normalizing brain chemistry, blocking the euphoric effects of alcohol and opioids, and relieving physiological cravings. The aim of mat is for patients to achieve stability, generally a year or more of continued participation and compliance with treatment recommendations. In addition to the fda-approved medications (either methadone or buprenorphine), patients receive individual treatment planning, urinalysis testing, and referrals to community resources as needed. We have 8 locations throughout nc in the following counties: mecklenburg, gaston, catawba, caldwell, mcdowell, union, cabarrus, and iredell
Operating model
- Revenue model
- Earned-program. 92% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 99% 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. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 83
- Transparency & Controls: 79
- Accountability: 95
- Sustainability: 60
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 76.8%; rating input score 77
- Program expense ratio: 88.5%; rating input score 88
- Fundraising efficiency: $555.31 raised per $1 spent on fundraising; rating input score 95; 95th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 12.3%; rating input score 72; 72nd percentile among comparable filings
- Total-asset coverage ratio: 1.15; rating input score 41; 41st percentile among comparable filings
- Liabilities to assets ratio: 0.23; rating input score 54; 54th percentile among comparable filings
- Officer compensation ratio: 2.9%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: 2.2% per year; rating input score 100; 21st percentile among comparable filings
- Revenue growth: 3.9% per year; rating input score 100; 33rd percentile among comparable filings
- Asset growth: 27.9% per year; rating input score 100; 95th percentile among comparable filings
Details
- What they do: 9 programs and campaigns described on the official site · 2 operating locations identified
- Where the money goes: 76.8% of revenue deployed · 88.5% of spending went to programs
- Governance: 14 of 14 board members independent · 8 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $25.2M in reported program spending
- Leadership: top reported pay $284K · 19 people listed · 2 of 6 pay-setting controls reported
- Consistency: 34 of 34 current checks pass
- Schedules: 6 filed schedules · includes major donors, grants, and executive pay
- Filing history: 9 filing years from 2016 to 2024
- Contacts: How to reach this organization
- Money network: 6 filed money-flow records
- Related organizations: 1 filed related-organization link
- 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.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 41/100.
- Review — Sustainability: Liabilities to assets ratio scored 54/100.