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Nonprofiteer
← ALAMANCE EXTENDED CARE INC

Form 990 for tax year 2024

Filed by ALAMANCE EXTENDED CARE INC.

Totals

Total revenue
$16,758,442
Total expenses
$17,124,465
Contributions and grants received
$208,056
Grants paid
$0
Program service revenue
$16,536,223
Investment income
$5,277
Other revenue
$8,886
Total assets, end of year
$57,683,334
Total liabilities, end of year
$60,230,127
Net assets or fund balances, end of year
-$2,546,793
Program services expenses (Part IX)
$13,899,403
Management and general expenses
$3,225,062
Fundraising expenses
$0
Program service expenses (Part III)
$13,899,403

Program services were 81.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • KENNETH BOGGS

    VICE-CHAIR IMM PAST CHAI

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • KATHRYN COOKIE BILLINGS

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • JERRY BAILEY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • JEAN DAVISON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • ANTHONY BOYD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • CHRIS BROWN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • WARREN WEBSTER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • BARRY CANNER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • BOB CHANDLER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • TIM CLONTZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • SALLY CONE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • WENDY GATLIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • JENNIFER KOENIG

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • BONNIE MCALISTER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • BOB POWELL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • SUSAN SHUMAKER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • BEN ZURAW

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • STEPHEN P FLEMING

    PRESIDENT CEO

    Total calculated
    $583,772
    From this org
    $0
    From related orgs
    $534,571
    Other
    $49,201
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $441,171 related
    Bonus
    $0 + $93,400 related
    Other
    $0
    Deferred
    $0 + $45,316 related
    Nontaxable benefits
    $0 + $3,885 related
    Filer's total
    $0 + $583,772 related

  • K ALAN TUTTEROW

    SECRETARY INTERIM TREAS

    Total calculated
    $447,875
    From this org
    $0
    From related orgs
    $410,135
    Other
    $37,740
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $348,747 related
    Bonus
    $0 + $61,388 related
    Other
    $0
    Deferred
    $0 + $34,130 related
    Nontaxable benefits
    $0 + $3,610 related
    Filer's total
    $0 + $447,875 related

  • APRIL MAYBERRY

    EXECUTIVE DIRECTOR

    Total calculated
    $240,144
    From this org
    $222,879
    From related orgs
    $0
    Other
    $17,265
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $198,864 related
    Bonus
    $0 + $24,015 related
    Other
    $0
    Deferred
    $0 + $11,977 related
    Nontaxable benefits
    $0 + $5,289 related
    Filer's total
    $0 + $240,145 related

  • CYNTHIA KROKSH

    DIRECTOR OF NURSING

    Total calculated
    $157,916
    From this org
    $148,241
    From related orgs
    $0
    Other
    $9,675
    Hours/week
    40

  • ELIZABETH S HUNEYCUTT

    DIRECTOR OF SALES

    Total calculated
    $147,994
    From this org
    $122,763
    From related orgs
    $0
    Other
    $25,231
    Hours/week
    40

  • ARTHUR GARDINER

    DIRECTOR OF DINING SERVICES

    Total calculated
    $116,590
    From this org
    $106,093
    From related orgs
    $0
    Other
    $10,497
    Hours/week
    40

  • PAMERLA S GILLESPIE

    QA MANAGER

    Total calculated
    $128,185
    From this org
    $105,539
    From related orgs
    $0
    Other
    $22,646
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I
| PartandLinenumber:,Explanation:|Part I Line 3,COMPENSATION FOR OFFICERS LISTED IN PART VII AND SCHEDULE J PART II WAS PAID BY A RELATED ORGANIZATION. THE PROCEDURES THAT THE RELATED ORGANIZATION FOLLOWS FOR SETTING COMPENSATION ARE AS FOLLOWS: 1. A BOARD OF TRUSTEES COMPENSATION COMMITTEE SHALL BE APPOINTED ANNUALLY BY THE BOARD CHAIR. THE COMMITTEE SHALL BE COMPRISED OF THE CURRENT CHAIR, IMMEDIATE PAST CHAIR, CHAIR-ELECT (IF ANY) AND 1-2 TRUSTEES AT LARGE. 2. THE COMMITTEE SHALL MEET APPROXIMATELY THIRTY DAYS PRIOR TO THE END OF THE WELL-SPRING RETIREMENT COMMUNITY'S FISCAL YEAR. 3. PRIOR TO THE MEETING, THE PRESIDENT/CEO SHALL PROVIDE COMPARABLE SALARY AND BENEFIT DATA THROUGH EXTERNAL SOURCES SUCH AS: THE CEMO SALARY AND BENEFIT REPORT, LEADING AGE NC WAGE SURVEY, PUBLIC RECORD IRS FORM 990S, AND INDEPENDENT SURVEYS. 4. PRIOR TO THE MEETING, THE PRESIDENT/CEO SHALL PROVIDE A STATEMENT OF ACHIEVEMENTS COMPARED TO GOALS FOR THE CURRENT YEAR AND A PRELIMINARY LIST OF PERFORMANCE GOALS FOR THE SUCCEEDING YEAR.|
Part I & Part II
| PartandLinenumber:,Explanation:| Part I Line 3,5. AT THE MEETING THE PRESIDENT CEO SHALL INFORM THE COMMITTEE OF PROPOSED SALARY ADJUSTMENTS FOR SENIOR MANAGEMENT FOR THE SUCCEEDING YEAR. THE PRESIDENT CEO MAY PRESENT COMPARABLE SALARY DATA FOR SENIOR MANAGEMENT AT THE COMMITTEES DISCRETION. 6. AT THE MEETING AND AFTER PRESENTING YEAR-END RESULTS AND SUCCEEDING YEAR GOALS THE COMMITTEE MAY EXCUSE THE PRESIDENT CEO ENTER INTO EXECUTIVE SESSION AND DISCUSS THE PRESIDENT CEOS PERFORMANCE AND COMPENSATION. 7. AT THE CONCLUSION OF THE MEETING THE BOARD OF TRUSTEES CHAIR SHALL MEET WITH THE PRESIDENT CEO IN ORDER TO REVIEW THE COMMITTEES ASSESSMENT OF PERFORMANCE AND SALARY. SALARY ADJUSTMENTS TO THE PRESIDENT CEOS COMPENSATION SHALL BE AUTHORIZED BY SIGNATURE OF THE BOARD CHAIR OR VICE CHAIR ONLY.|Part I Line 3,8. AT THE FIRST BOARD OF TRUSTEES MEETING FOLLOWING THE COMPENSATION COMMITTEES MEETING THE BOARD OF TRUSTEES CHAIR SHALL REPORT THE COMMITTEES FINDINGS AND THE COMMITTEES ACTIONS REGARDING EMPLOYMENT STATUS RECOMMENDATIONS AND SALARY OR BENEFIT ADJUSTMENTS FOR THE PRESIDENT CEO. EXECUTIVE MANAGERS COMPENSATION PHILOSOPHY OBJECTIVE: THE COMPENSATION COMMITTEE BELIEVES THAT THE PRIMARY OBJECTIVES OF WELL-SPRINGS EXECUTIVE COMPENSATION POLICIES SHOULD BE: - TO ATTRACT AND RETAIN TALENTED EXECUTIVES BY PROVIDING COMPENSATION THAT IS OVERALL HIGHLY COMPETITIVE WITH THE COMPENSATION PROVIDED TO EXECUTIVES AT COMPANIES OF COMPARABLE POSITION IN THE CONTINUING CARE RETIREMENT COMMUNITY FIELD WHILE MAINTAINING COMPENSATION WITHIN LEVELS THAT ARE CONSISTENT WITH WELL-SPRINGS ANNUAL BUDGET FINANCIAL OBJECTIVES OPERATING PERFORMANCE AND RESIDENT AND STAFF SATISFACTION;|Part I Line 3,AND - TO PROVIDE APPROPRIATE INCENTIVES FOR EXECUTIVES TO WORK TOWARD THE ACHIEVEMENT OF WELL-SPRINGS ANNUAL FINANCIAL PERFORMANCE AND BUSINESS GOALS BASED ON WELL-SPRINGS ANNUAL BUDGET. THE COMPENSATION COMMITTEE REVIEWS EXECUTIVE COMPENSATION POLICIES ANNUALLY TAKING INTO CONSIDERATION WELL-SPRINGS FINANCIAL PERFORMANCE ITS ANNUAL BUDGET ITS POSITION IN THE INDUSTRY AND WELL-SPRINGS MISSION STATEMENT AND CORE VALUES. THE COMPENSATION COMMITTEE BELIEVES THAT IN ADDITION TO CORPORATE PERFORMANCE IT IS APPROPRIATE IN SETTING AND REVIEWING EXECUTIVE COMPENSATION TO CONSIDER THE LEVEL OF EXPERIENCE AND RESPONSIBILITIES OF EACH EXECUTIVE OFFICER AS WELL AS THE PERSONAL CONTRIBUTIONS A PARTICULAR INDIVIDUAL MAY MAKE TO THE SUCCESS OF WELL-SPRING RETIREMENT COMMUNITY INC. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024.|

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.1
Source object
202523179349305452

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