Triad Adult Day Care Center INC EIN 56-1884922

Triad Adult Day Care Center INC

EIN  56-1884922 Public charity (501(c)(3)) High Point, NC
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Offers adult day care with physical activity, positive image building, and nutritious meals.
Leadership
Waymon Martin · Director
Money in and out
$427K revenue, $444K expenses
Bottom line
77% program efficiency

Offers adult day care with physical activity, positive image building, and nutritious meals. For fiscal year 2023 it reported $427K in revenue, $444K in expenses, and $-59K in net assets.Pt I

Where the money goes · FY2023
Total revenue
$427K
Pt VIII · Ln 12
Total expenses
$444K
Pt IX · Ln 25
Net assets
$-59K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$17K
Where spending went · Part IX cols B–D
Program services $0.77 Management & general $0.23
Program efficiency
77%
of spending reaches programs▲ +1% vs prior filing year
Operating runway
-1.6mo
months of highly liquid reserves at operating expense rate▼ -14% vs prior filing year
Surplus margin
-4%
revenue over expenses, this year▼ -113% vs prior filing year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$427K
FY2023▲ +20%
Expenses
$444K
FY2023▲ +23%
Total assets
$-59K
FY2023▼ -42%
Total liabilities
$0
FY2023
Total revenue
$427K
Pt VIII · Ln 12
Total expenses
$444K
Pt IX · Ln 25
Net assets
$-59K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$17K
Total assetsPt X · Ln 16$-59K
Program-expense ratioPt IX · col B77%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

1 program service account for $342K of program spending, described in the organization's own filed words · FY2023.
01

Provide adult day care services to individuals 18 years and older. This adult day service includes keeping the clients physically active with a positive image along with a nutritional meal.

$342Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CTriad Adult Day Care Center INC
EINHdr · item D56-1884922
Principal addressHdr · item CHigh Point, NC
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P700)
Ruling yearIRS BMFMar 1995

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Program Director
$0Pt VII · Sec A
Program Director
$0Pt VII · Sec A

Lasonya P Van Eaton’s $32K as Program Director is at the 19th percentile of top reported officer pay among 2165 $100K–1M human services 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.

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Statement of Revenue

Part VIII
Program service revenue$395K · 93%
Other revenue$32K · 7%
Program service revenue93%$395K
Other revenue7%$32K
Total revenueLn 12$427K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.77 Management & general $0.23
Program services77%$342K
Management & general23%$102K
Total functional expensesLn 25$444K

Balance Sheet

Part X · end of year
CashLn 1$-59K
Total assetsLn 16$-59K
Total liabilitiesLn 26$0
Total net assetsLn 32$-59K
Months of cash on handcomputed-1.6

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $-59K · Operating expenses/yr $444K
-1.6 months
Where the money goes
Program services
Program services $342K · Total expenses $444K
77%
Management & General
Management & general $102K · Total expenses $444K
23%
Fundraising
Fundraising $0 · Total expenses $444K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $427K
0%
Government reliance
Government grants — · Total revenue $427K
Earned-income share
Program service revenue $395K · Total revenue $427K
93%
Investment reliance
Investment income $0 · Total revenue $427K
0%
Program self-sufficiency
Program service revenue $395K · Total expenses $444K
89%
Growth & trend
Revenue growth (YoY)
This year $427K · Prior year $356K
+20%
Net-asset trend (YoY)
End of year $-59K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $427K · Expenses $444K
-4%
Liabilities-to-Assets
Total liabilities — · Total assets $-59K
Net-asset ratio
Net assets $-59K · Total assets $-59K
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $-59K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Waymon Martin · Reported title Director · Highest reported compensation $0 · Total expenses $444K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $210K · Total expenses $444K
47%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 77%
Overhead ratio 23%
Revenue growth 20%
Accounting fee ratio 0%

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.

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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
FY2023 (Latest)$427K revenue · viewing · ⤓ 990 PDF
FY2022$356K revenue · ⤓ 990 PDF
FY2021not on file
FY2020$405K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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