Randolph Senior Adults Association Inc

Nonprofit profile at a glance

EIN
561216782
IRS 990 coverage
2015–2024
Forms available
Form 990 2024
Location
Asheboro, NC, USA
Phone
3366253389
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Senior Centers

Official website

Reported finances

Revenue
$3,865,671
Expenses
$3,813,950
Assets
$6,228,754
Liabilities
$721,061

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

Leadership & pay

20 people listed

Executive titles in this filing

  • GREG PATTON (PRESIDENT)
  • NANCY HENDERSON (VICE PRESIDENT)
  • MARK HENSLEY (EXECUTIVE DIRECTOR - THRU 6/30/25)

Highest reported compensation

  • MARK HENSLEY (EXECUTIVE DIRECTOR - THRU 6/30/25): $90,007 total reported compensation
  • JOLYNN HILL (FINANCE DIRECTOR - EFFECTIVE 7/1/24): $46,320 total reported compensation
  • KATHERINE HOMILLER (FINANCE DIRECTOR - THRU 6/30/24): $28,519 total reported compensation

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

Overview

Mission

Mission statement: to empower adults age 50 and over in randolph county toward a life of personal independence, healthy aging, social connection, and life-learning.

What it reported doing in 2024

Randolph senior adults operates an adult day care center to provide respite for caregivers needing a place to leave seniors and others over age 17 with a disability. Randolph senior adults provides information and options counseling to individuals. The service includes prescription assistance, caregiver training and assistance, information assistance, and health insurance assistance. In fiscal year 2024-2025, 3,254 clients were provided information assistance and 1,870 clients were helped to make health insurance decisions that saved them $808,818, and 83,161 congregate meals were served. For the fiscal year 2024-2025, other programs included the provision of fans to 165 seniors, loans of equipment to 81 individuals, and blood drives resulting in 171 units collected. Additional programs included senior center outreach (which conducts activities, including day trips, for seniors), and a store for seniors to sell crafts and food

Operating model

Revenue model
Grant-funded. 85% of the money available for current operations came from government grants.
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 - The filed numbers largely add up and a large share of available resources goes toward mission work. Expenses are high relative to revenue and assets have declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 65
  • Transparency & Controls: 92
  • Accountability: 100
  • Sustainability: 48
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 73.3%; rating input score 73
  • Program expense ratio: 73.2%; rating input score 73
  • Fundraising efficiency: Limited

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: 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: 1.3%; rating input score 39; 39th percentile among comparable filings
  • Total-asset coverage ratio: 1.63; rating input score 55; 55th percentile among comparable filings
  • Liabilities to assets ratio: 0.12; rating input score 56; 56th percentile among comparable filings
  • Officer compensation ratio: 4.3%; rating input score 59; 59th percentile among comparable filings

Growth

  • Program expense growth: 3.6% per year; rating input score 100; 31st percentile among comparable filings
  • Revenue growth: 3.5% per year; rating input score 100; 31st percentile among comparable filings
  • Asset growth: -0.6% per year; rating input score 0; 11th percentile among comparable filings

Details

  • Where the money goes: 73.3% of revenue deployed · 73.2% of spending went to programs
  • Governance: 13 of 13 board members independent · 9 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $2.8M in reported program spending
  • Leadership: top reported pay $90K · 20 people listed
  • Highest-paid contractors: 1 contractor listed · $551K reported
  • Consistency: 34 of 34 current checks pass
  • Schedules: 6 filed schedules · includes major donors
  • Filing history: 10 filing years from 2015 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 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.

  • Moderate — Sustainability: Operating margin scored 39/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Total-asset coverage ratio scored 55/100.
  • Review — Sustainability: Liabilities to assets ratio scored 56/100.
  • Review — Sustainability: Officer compensation ratio scored 59/100.