Civic Intelligence

North Carolina Pace Association

990 • Fiscal year 2017 • EIN 46-2506820

Jul 01, 2016 to Jun 30, 2017 • Filed on Jan 30, 2018

2401 Weston Pkwy 103-BCary, NC 27513-5596

(919) 234-1707

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

88th percentile

0.52x

Higher debt load relative to assets than 88% of similar nonprofits.

2017 filings • NTEE E • <$500k nonprofits • Source year 2017

Liabilities / Revenue

90th percentile

0.68x

Higher debt load relative to revenue than 90% of similar nonprofits.

2017 filings • NTEE E • <$500k nonprofits • Source year 2017

Net Margin

18th percentile

-24%

Higher net margin than 18% of similar nonprofits.

2017 filings • NTEE E • <$500k nonprofits • Source year 2017

Top Officer Pay

95th percentile

$108,016

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 37.5% of source-year revenue.

2017 filings • NTEE E • <$500k nonprofits • Source year 2017

Asset Growth

55th percentile

3.9%

Faster asset growth than 55% of similar nonprofits.

2017 filings • NTEE E • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

56th percentile

4.3%

Faster revenue growth than 56% of similar nonprofits.

2017 filings • NTEE E • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$376,262

Up $14,121 (+3.9%) from 2016

Net Assets

Down

$180,729

Down $68,398 (-27%) from 2016

Liabilities

Up

$195,533

Up $82,519 (+73%) from 2016

Revenue

Up

$288,421

Up $11,989 (+4.3%) from 2016

Expenses

Up

$356,819

Up $24,757 (+7.5%) from 2016

Net Income

Down

-$68,398

Down $12,768 (-23%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2014: $81,056Liabilities 2014: $3,6332014Assets 2015: $306,657Liabilities 2015: $1,900Net Assets 2015: $304,7572015Assets 2016: $362,141Liabilities 2016: $113,014Net Assets 2016: $249,1272016Assets 2017: $376,262Liabilities 2017: $195,533Net Assets 2017: $180,7292017Assets 2018: $422,553Liabilities 2018: $196,608Net Assets 2018: $225,9452018Assets 2019: $357,365Liabilities 2019: $195,911Net Assets 2019: $161,4542019Assets 2020: $338,162Liabilities 2020: $204,229Net Assets 2020: $133,9332020Assets 2021: $294,530Liabilities 2021: $124,987Net Assets 2021: $169,5432021Assets 2022: $227,501Liabilities 2022: $41,550Net Assets 2022: $185,9512022Assets 2023: $291,629Liabilities 2023: $95,596Net Assets 2023: $196,0332023Assets 2024: $187,574Liabilities 2024: $10,773Net Assets 2024: $176,8012024Assets 2025: $244,852Liabilities 2025: $39,468Net Assets 2025: $205,3842025

Highlighted filing

2017

Assets$376,262
Liabilities$195,533
Net Assets$180,729

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2014: $238,188Expenses 2014: $160,765Net Income 2014: $77,4232014Revenue 2015: $524,798Expenses 2015: $297,464Net Income 2015: $227,3342015Revenue 2016: $276,432Expenses 2016: $332,062Net Income 2016: -$55,6302016Revenue 2017: $288,421Expenses 2017: $356,819Net Income 2017: -$68,3982017Revenue 2018: $426,117Expenses 2018: $380,901Net Income 2018: $45,2162018Revenue 2019: $333,352Expenses 2019: $397,843Net Income 2019: -$64,4912019Revenue 2020: $271,617Expenses 2020: $299,138Net Income 2020: -$27,5212020Revenue 2021: $349,021Expenses 2021: $313,411Net Income 2021: $35,6102021Revenue 2022: $289,745Expenses 2022: $273,337Net Income 2022: $16,4082022Revenue 2023: $348,521Expenses 2023: $338,439Net Income 2023: $10,0822023Revenue 2024: $288,993Expenses 2024: $308,225Net Income 2024: -$19,2322024Revenue 2025: $491,764Expenses 2025: $463,181Net Income 2025: $28,5832025

Highlighted filing

2017

Revenue$288,421
Expenses$356,819
Net Income-$68,398
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Jan 30, 2018
Return Version
2016v3.0
Gross Receipts
$288,421
Mission and Program Overview

Mission

PACE, or Programs of All-Inclusive Care for the Elderly, provides comprehensive health care and services that allow individuals 55 years and older who qualify for nursing home level of care to remain in the community with their family and friends. The North Carolina PACE Association promotes this proven program and works to expand it so that all North Carolinians have access to PACE services. We know that PACE provides better care, an improved quality of life and is cost-effective.

PACE, or Programs of All-Inclusive Care for the Elderly, provides comprehensive health care and services that allow individuals 55 years and older who qualify for nursing home level of care to remain in the community with their family and friends. The North Carolina PACE Association promotes this proven program and works to expand it so that all North Carolinians have access to PACE services. We know that PACE provides better care, an improved quality of life and is cost-effective. The Association serves as the credible voice and leader to advance PACE, thereby transforming healthcare in North Carolina.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$262,912$290,111▲ $27,199
Pledges and Grants Receivable$96,500$82,775▼ $13,725
Accounts Receivable$2,729$2,875▲ $146
Prepaid Expenses and Deferred Charges$0$501▲ $501
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$362,141$376,262▲ $14,121
Other Assets Total$0--
Liabilities
Deferred Revenue$110,000$192,950▲ $82,950
Accounts Payable and Accrued Expenses$3,014$2,583▼ $431
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$113,014$195,533▲ $82,519
Net Assets / Fund Balance
Unrestricted Net Assets$150,002$177,404▲ $27,402
Temporarily Rstr Net Assets$99,125$3,325▼ $95,800
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$249,127$180,729▼ $68,398
Total Liabilities and Net Assets / Fund Balance$362,141$376,262▲ $14,121
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Linda ShawExecutive DirectorFT$108,016$108,016

Board Members and Trustees

NameTitle
Aimee ReimannChair
Ursula RobinsonVice Chair
Cathy KenzigDirector
David BeijerDirector
David ReyesDirector
Emily JonesDirector
Karen MartinDirector
Renee RizzutiDirector
Rick RichardsDirector
Tim ClontzDirector
Caroline HendricksSecretary
Brian ToomeyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$250,850
Program Service Revenue
$35,353
Investment Income
$1,973
Other Revenue
$245
All Other Contributions
$65,500
Change in Net Assets
$-68,398
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$241,077
Salaries, Compensation, and Employee Benefits$115,742
Total Fundraising Expense$10,051
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$131,157$9,720$2,780$143,657
Current Officers, Directors, Trustees, and Key Employees$87,351$16,378$5,459$109,188
Conferences and Meetings$47,504$331$110$47,945
Fees for Services Lobbying$19,200$0$0$19,200
Occupancy$7,943$1,489$496$9,928
Travel$7,932$517$205$8,654
Payroll Taxes$5,243$983$328$6,554
Office Expenses$4,613$595$499$5,707
Fees for Services Legal$1,815$0$0$1,815
Insurance$1,080$203$68$1,351
Fees for Services Accounting$1,040$195$65$1,300
Information Technology$944$46$15$1,005
Other Expenses$412$77$26$515
Total Functional Expenses$316,234$30,534$10,051$356,819
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

North Carolina PACE Association Board of Directors member Tim Clontz is a Senior Vice President of Cone Health. Cone Health is a partner in three PACE programs in North Carolina: PACE of the Triad, PACE of the Southern Piedmont and Randolph Health StayWell Senior Care. North Carolina PACE Association Board Members Ursula Robinson, Renee Rizzuti and Karen Martin are, respectively, the Executive Directors of PACE of the Triad, PACE of the Southern Piedmont and Randolph Health StayWell Senior Care.

Form 990, Part VI, Section A, Line 6

The Association has members, as described in its bylaws (founding members, or those with operational PACE programs or market allocation as of April, 2011; provider members, or those with operational PACE programs or executed contract with the State of North Carolina; developing members, or those with an assigned service area; and exploring members, or those considering a PACE program, vendors who serve PACE organizations, or other parties as those the Board of Directors may determine in its sole discretion from time to time).

Form 990, Part VI, Section A, Line 7A

As outlined in the Association's bylaws, Founding and Provider member organizations have voting privileges in accordance with the North Carolina Corporation Act ("NCA") and are entitled to representation on the Board of Directors. Developing members have representation on the Board of Directors, but do not have voting privileges. Exploring members do not have voting privileges and are not entitled to representation on the Corporation's Board of Directors.

Form 990, Part VI, Section A, Line 7B

The annual meeting of members shall be held on the date fixed by the Board of Directors, or if the Board of Directors shall fail to act, then as shall be fixed by the Chair, for the purpose of electing the members of the Board of Directors and for the additional purpose of voting on such other matters which the Board of Directors may elect to submit to the members for vote or such other matters on which the members are entitled to vote by law.

Form 990, Part VI, Section B, Line 11B

The Form 990 was provided to each member of the Board of Directors for review, comment, input and oversight prior to submission.

Form 990, Part VI, Section B, Line 12C

If any contract or transaction arises before the Board of Directors, any director, officer or key employee must make a full and prompt disclosure of his/her interest before Board action is taken. The disclosure includes any relevant and materials facts which may be adverse to the Association. The Board, by 75% of the vote, determines if a conflict exists or could be reasonably construed to exist. The conflicted person is then restrained from participating in Board deliberations and in voting on such matters.

Form 990, Part VI, Section B, Line 15

In adopting the annual budget for the organization, the governing body (the Board of Directors) approved compensation for the Association's Executive Director. The Executive Director is a non-voting member of the Board, and the only member with a conflict of interest in the decision. Members of the Board of Directors have knowledge of comparable compensation for similar positions. The decision was contemporaneously recorded in the minutes of the Board of Directors. There are no other compensated officers, officials, or key employees in the organization.

Form 990, Part VI, Section C, Line 19

The Association's governing documents and conflict of interest policy are available to the public upon request. The Form 990 is available on the organization's website.

Filing and Contact Details

Filer

Filer Name
North Carolina PACE Association
EIN
46-2506820
Phone
9192341707
Address
2401 Weston Pkwy 103-B, Cary, NC 27513-5596

Signing Officer

Name
Linda Shaw
Title
Executive Director
Phone
9192341707
Signed
2018-01-30

Organization Details

Principal Officer
Linda Shaw
Formed
2012
Legal Domicile
Nc
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
39
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Contractors providing educational and other program support, bookkeeping, public policy, video production and technology consulting.

Financial Statement Notes

Schedule D, Part X, Line 2

The Association is exempt from federal and state income taxes under Section 501(a) of the Internal Revenue Code and is classified under 501(c)3 as a public charity. The Association has also been classified as an entity that is not a private foundation within the meaning of Section 509(a) and qualifies for deductible contributions provided in Section 180(b)(1)(A)(vi). It is the Association's policy to evaluate all tax positions to identify those that may be considered uncertain. All identified material tax positions are assessed by a "more-likely-than-not" threshold to determine if the benefit of any uncertain tax position should be recognized in the financial statements. Any changes in the amount of a tax position are recognized in the period the change occurs. The Association files its Form 990 series tax returns in the U.S. Federal jurisdiction. The Association's tax returns are subject to examination by the Internal Revenue Service for a period of three years after the respective filing deadline.

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IRS990/Form990PartVIISectionAGrp/PersonNm12Linda Shaw
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
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IRS990/Form990PartVIISectionAGrp/TitleTxt12Executive Director
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IRS990/MissionDesc0PACE, or Programs of All-Inclusive Care for the Elderly, provides comprehensive health care and services that allow individuals 55 years and older who qualify for nursing home level of care to remain in the community with their family and friends. The North Carolina PACE Association promotes this proven program and works to expand it so that all North Carolinians have access to PACE services. We know that PACE provides better care, an improved quality of life and is cost-effective.
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IRS990/ProgSrvcAccomActy2Grp/Desc0Public Policy: The Association helps develop and grow PACE programs in North Carolina through public policy analysis, advocacy and outreach.
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