BAPTIST RETIREMENT HOMES OF NORTH CAROLINA INCORPORATED Charity Report

Public IRS 990 nonprofit record

BAPTIST RETIREMENT HOMES OF NORTH CAROLINA INCORPORATED

EIN 56-0562308 · Human Services (P750)

What they do

BAPTIST RETIREMENT HOMES of NORTH CAROLINA, INC. DBA THRIVEMORE is A CHURCH RELATED NOT-FOR-PROFIT ORGANIZATION COMMITTED to PROVIDING QUALITY CARE and A MEANINGFUL WAY of LIFE for RESIDENTS and STAFF... (CONTINUED ON SCHEDULE O)A PLACE WHERE RESIDENTS and STAFF BECOME AN EXTENSION of FAMILY THAT RECOGNIZES THE DIGNITY and WORTH of EACH INDIVIDUAL.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $79.40 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2023The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders28 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

93.18%of revenue went to mission work79.4% of expenses · Program services

$117.00spent for every $100 of revenueSpending was higher than revenue this year.

24.16%of revenue went to management and office costs20.6% of expenses

$4.47in assets for every $1 spent this yearSome assets cannot be spent right away.

6.5%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $7,550,811 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $432,833 for REED VANDERSLIK (CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2023

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$44,295,811

Mission workProgram services$41,276,32293.18% of revenue79.4% of expenses

ManagementOffice and general costs$10,702,79924.16% of revenue20.6% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$51,979,121117.35% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2023CurrentExpense mix: 79.4% mission · 20.6% management · 0.0% fundraisingTotal expenses: 117.35% of revenue

2022Expense mix: 81.3% mission · 18.2% management · 0.4% fundraisingTotal expenses: 91.26% of revenue

2021Expense mix: 83.9% mission · 15.9% management · 0.2% fundraisingTotal expenses: 99.15% of revenue

2020Expense mix: 81.4% mission · 18.0% management · 0.6% fundraisingTotal expenses: 94.10% of revenue

2019Expense mix: 80.4% mission · 18.7% management · 0.9% fundraisingTotal expenses: 100.04% of revenue

2018Expense mix: 81.5% mission · 17.4% management · 1.1% fundraisingTotal expenses: 97.59% of revenue

2017Expense mix: 83.0% mission · 16.3% management · 0.7% fundraisingTotal expenses: 94.20% of revenue

2016Expense mix: 83.4% mission · 15.9% management · 0.6% fundraisingTotal expenses: 94.35% of revenue

Money in and money out

Revenue$44,428,310

Expenses$51,979,121

Annual shortfall $7,550,811 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$41,276,322 · 79.4% of expenses

Management and office costs$10,702,799 · 20.6% of expenses

See all reported dollar amounts

Revenue$44,428,310

Expenses$51,979,121

Assets$232,106,035

Income$44,442,272

Contributions$2,902,057

Mission work (program services)$41,276,322

Grants given$760,000

Average grant$253,333

Management and general$10,702,799

Stocks and bonds$22,774,941

Accounting fees$253,743

Investing fees$68,540

People

Leadership and board

Tax year 2023

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

REED VANDERSLIKCEO · 36 hrs/week $432,833Base $384,611 · Other $48,222

JESSICA MCCOLLUMCHIEF OPERATING OFFICER · 40 hrs/week $249,762Base $220,598 · Other $29,164

JENNIFER BARTSCHTCHIEF MARKETING OFFICER · 40 hrs/week $211,684Base $183,231 · Other $28,453

SCOTT FARKASCFO - THRU 9/26/23 · 36 hrs/week $194,335Base $153,408 · Other $40,927

TATUM MYERSEXECUTIVE DIRECTOR · 40 hrs/week $166,036Base $140,899 · Other $25,137

CYNTHIA MOOREEXECUTIVE DIRECTOR · 40 hrs/week $149,936

SHANNON SEARSDIRECTOR, CLINICAL COMPLIANCE · 40 hrs/week $130,056Base $119,225 · Other $10,831

CONNIE MCBRIDELPN · 40 hrs/week $125,384Base $124,921 · Other $463

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (28)

REED VANDERSLIKCEO

JESSICA MCCOLLUMCHIEF OPERATING OFFICER

JENNIFER BARTSCHTCHIEF MARKETING OFFICER

SCOTT FARKASCFO - THRU 9/26/23

TATUM MYERSEXECUTIVE DIRECTOR

CYNTHIA MOOREEXECUTIVE DIRECTOR

SHANNON SEARSDIRECTOR, CLINICAL COMPLIANCE

CONNIE MCBRIDELPN

NIDRA RICKSTRUSTEE

BETTY LYNNE JOHNSONVICE CHAIR

SOBEIDA ADOLPHUSTRUSTEE

BOBBY F WATSONTRUSTEE

SARAH MAYOTREASURER

SAMMY GIANOPOULOSTRUSTEE

CAROLYN D HELMSTRUSTEE

RALPH MORGANTRUSTEE

POWELL DREWTRUSTEE

PHIL FEAGANTRUSTEE

PERRY BAILEYTRUSTEE

MICHAEL BRADYCFO - AS OF 2/12/24

CHARLES D MASTCHAIR

JANET BLANFORDSECRETARY

DRNATHAN SCOVENSTRUSTEE

DR TABARA CAPLETRUSTEE

DR MICHAEL R TAYLORTRUSTEE

DR JO CLEVELANDTRUSTEE

DAVE HORNETRUSTEE

DANIEL RICEIMMEDIATE PAST CHAIR

About this charity

Recognized since: January 1952
Location: PO BOX 11024, WINSTON SALEM, NC 27116-1024
County: Forsyth
In care of: MICHAEL J BRADY
Primary officer: MICHAEL J BRADY, CHIEF FINANCIAL OFFICER

How to reach them

WebsiteVisit the charity’s website Emailinfo@thrivemorenc.org Phone(336) 725-0202

Filing and classification

Latest tax year: 2023
Tax period began: October 1, 2023
Return type: 990
Tax preparer: CLIFTONLARSONALLEN LLP
NTEE classification: Human Services (P750)
Grant-giving organization: Yes