McLeod Centers for Wellbeing EIN 56-0953783 Form 990 (PDF) Claim this org

McLeod Centers for Wellbeing

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Offers comprehensive substance use disorder treatment including medication, therapy, and residential care. For fiscal year 2024 it reported $32.4M in revenue, $28.4M in expenses, and $25.2M in net assets.Pt I

Founded
1970
Type
Public charity (501(c)(3)) · Mental Health
Location
Charlotte, NC
Website
mcleodcenters.org
Filings
5 on file (2020–2024)
Revenue
$32.4MFY2024
Expenses
$28.4M
Net assets
$25.2M
People
19
Filings
5
Updates
0
More identity details & actions ⌄
EIN  56-0953783 Public charity (501(c)(3)) Charlotte, NC Founded 1970
Form 990 (PDF)
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Figures match the IRS filing checked 8/8/26 · see original: IRS
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Size
$10–100M
What they do
Offers comprehensive substance use disorder treatment including medication, therapy, and residential care.
Leadership
Christine Zazzaro · President · $261K
Money in and out
$32.4M revenue, $28.4M expenses
Bottom line
88% program efficiency
Where the money goes · FY2024
Total revenue
$32.4M
Pt VIII · Ln 12
Total expenses
$28.4M
Pt IX · Ln 25
Net assets
$25.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $4.0M
Where spending went · Part IX cols B–D
Program services $0.88 Management & general $0.12 Fundraising $0.00
Program efficiency
88%
of spending reaches programs▲ +13% vs prior filing year
Operating runway
4.3mo
months of highly liquid reserves at operating expense rate▲ +65% vs prior filing year
Surplus margin
+12%
revenue over expenses, this year▲ +59% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$32.4M
FY2024▲ +18%
Expenses
$28.4M
FY2024▲ +12%
Total assets
$32.8M
FY2024▲ +16%
Total liabilities
$7.6M
FY2024▲ +9%
Total revenue
$32.4M
Pt VIII · Ln 12
Total expenses
$28.4M
Pt IX · Ln 25
Net assets
$25.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$4.0M
Total assetsPt X · Ln 16$32.8M
Program-expense ratioPt IX · col B88%
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 414

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMcLeod Centers for Wellbeing
EINHdr · item D56-0953783
Principal addressHdr · item CCharlotte, NC
WebsiteHdr · item Jmcleodcenters.org
Year of formationHdr · item L1970
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFMental Health (F22Z)
Ruling yearIRS BMFJan 1971

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a14
Independent voting membersPt VI · Ln 1b14
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$261,098Pt VII · Sec A
$156,174Pt VII · Sec A
CFO (outgoing)
$134,328Pt VII · Sec A
$105,054Pt VII · Sec A
$93,981Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A

Christine Zazzaro’s $261K as President is at the 50th percentile of top reported officer pay among 747 $10–100M mental health nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Christine Zazzaro$261,098$127,228
Mary Traxler$28,326$212,625
Maryanne Traxler$210,067$207,692$192,520
Mary Ward$129,153$197,088$191,669$189,000$178,365
Melanie Conforti$156,174$107,139$100,316
Jim McCorkle$134,328
Christy Majors$122,062$115,142$110,746$115,269$78,981
Rachelle Castro$114,388$107,594$102,383$109,427$103,061

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

3 program services account for $20.4M of program spending, described in the organization's own filed words · FY2024.
01

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.

$18.6Mprogram expense
02

Mcleod centers for wellbeing's residential program is an in-patient addiction treatment program designed for people who need structured, intensive support to recover from substance use disorders (such as opioid or drug addiction).

$1.6Mprogram expense
03

Mcleod offers short-term, long-term and intensive outpatient treatment. Individuals enrolled in these programs receive an education on substance use and therapeutic group counseling, in addition to individual treatment planning, urinalysis testing, and referrals to community resources as needed.

$252Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$30.0M · 92%
Contributions & grants$2.2M · 7%
Investment income$250K · 1%
Program service revenue92%$30.0M
Contributions & grants7%$2.2M
Investment income1%$250K
Other revenue$11K
— government grantsLn 1e$1.1M
Total revenueLn 12$32.4M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.88 Management & general $0.12 Fundraising $0.00
Program services88%$25.2M
Management & general12%$3.3M
Fundraising$4K
Total functional expensesLn 25$28.4M

Balance Sheet

Part X · end of year
CashLn 1$10.3M
Total assetsLn 16$32.8M
Total liabilitiesLn 26$7.6M
Total net assetsLn 32$25.2M
Months of cash on handcomputed4.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $10.3M · Operating expenses (Pt IX) $28.4M · Less non-cash grants $16K · Cash operating expenses/yr $28.4M
4.3 months
Where the money goes
Program services
Program services $25.2M · Total expenses $28.4M
88%
Management & General
Management & general $3.3M · Total expenses $28.4M
12%
Fundraising
Fundraising $4K · Total expenses $28.4M
0.01%
Cost to raise $1
Fundraising expense (3-yr avg) $1K · Solicited contributions (3-yr avg) $1.1M
$0.00 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $2.2M · Total revenue $32.4M
7%
Government reliance
Government grants $1.1M · Total revenue $32.4M
3%
Earned-income share
Program service revenue $30.0M · Total revenue $32.4M
92%
Investment reliance
Investment income $250K · Total revenue $32.4M
+0.8%
Program self-sufficiency
Program service revenue $30.0M · Total expenses $28.4M
105%
Growth & trend
Revenue growth (YoY)
This year $32.4M · Prior year $27.4M
+18%
Revenue CAGR
FY2019 $16.5M · FY2024 $32.4M
+15%
Net-asset trend (YoY)
End of year $25.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $32.4M · Expenses $28.4M
+12%
Liabilities-to-Assets
Total liabilities — · Total assets $32.8M
Net-asset ratio
Net assets $25.2M · Total assets $32.8M
77%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $32.8M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Christine Zazzaro · Reported title PRESIDENT · Highest reported compensation $261K · Total expenses $28.4M
0.9%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $14.0M · Total expenses $28.4M
49%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 88%
Overhead ratio 12%
Fundraising cost ratio 0.2%
Revenue growth 18%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$84K
Grants paid · 3 grants · $863K · 2022–2024
Integrated Care of Greater HickoryFY2024$358,316
Integrated Care of Greater HickoryFY2023$398,986
Integrated Care of Greater HickoryFY2022$105,619

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$27.4M revenue · ⤓ 990 PDF
FY2023$21.7M revenue · ⤓ 990 PDF
FY2022$22.6M revenue · ⤓ 990 PDF
FY2021$24.4M revenue · ⤓ 990 PDF
FY2020$16.5M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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