← PACE OF GUILFORD & ROCKINGHAM COUNTIES INC

Form 990 for tax year 2023

Filed by PACE OF GUILFORD & ROCKINGHAM COUNTIES INC.

Totals

Total revenue: $29,238,167
Total expenses: $23,124,229
Contributions and grants received: $1,029,443
Grants paid: $0
Program service revenue: $27,806,147
Investment income: $402,577
Other revenue: $0
Total assets, end of year: $23,550,616
Total liabilities, end of year: $4,662,489
Net assets or fund balances, end of year: $18,888,127
Program services expenses (Part IX): $21,934,440
Management and general expenses: $1,189,789
Fundraising expenses: $0
Program service expenses (Part III): $21,934,440

Program services were 94.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

1e · Government grants (contributions)

$769,233
1f · All other contributions, gifts and grants

$260,210
2a · Program service revenue: PATIENT SERVICE REVENU

total $27,806,147 · related or exempt $27,806,147
3 · Investment income

total $402,577 · excluded $402,577

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $230,931 · management and general $230,931
7 · Other salaries and wages

total $4,313,196 · program services $3,953,390 · management and general $359,806
9 · Other employee benefits

total $174,127 · program services $156,714 · management and general $17,413
10 · Payroll taxes

total $165,514 · program services $143,091 · management and general $22,423
11a · Fees: management

total $447,524 · program services $223,691 · management and general $223,833
11b · Fees: legal

total $2,867 · management and general $2,867
11c · Fees: accounting

total $41,830 · management and general $41,830
11g · Fees: other

total $11,312,033 · program services $11,312,033
12 · Advertising and promotion

total $103,130 · program services $92,817 · management and general $10,313
13 · Office expenses

total $199,173 · program services $179,256 · management and general $19,917
16 · Occupancy

total $235,813 · program services $117,907 · management and general $117,906
17 · Travel

total $201,177 · program services $181,059 · management and general $20,118
22 · Depreciation, depletion and amortization

total $485,379 · program services $436,841 · management and general $48,538
23 · Insurance

total $267,785 · program services $241,007 · management and general $26,778
24a · Other expenses: DRUG & MEDICAL SUPPLIES

total $4,265,056 · program services $4,265,056
24b · Other expenses: REPAIRS AND MAINTENANCE

total $207,530 · program services $207,530
24c · Other expenses: FOOD EXPENSE

total $175,027 · program services $157,524 · management and general $17,503
24d · Other expenses: DUES AND SUBSCRIPTIONS

total $77,203 · program services $69,483 · management and general $7,720
24e · All other expenses

total $218,934 · program services $197,041 · management and general $21,893

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $11,354,161 · end of year $15,133,395
2 · Savings and temporary cash investments

beginning of year $3,305,531 · end of year $3,489,610
4 · Accounts receivable

beginning of year $125,849 · end of year $1,278,160
9 · Prepaid expenses and deferred charges

beginning of year $22,838 · end of year $29,091
10a · Land, buildings and equipment: cost or other basis

$8,250,849
10b · Land, buildings and equipment: accumulated depreciation

$4,630,489
10c · Land, buildings and equipment, net

beginning of year $3,156,368 · end of year $3,620,360
17 · Accounts payable and accrued expenses

beginning of year $3,541,353 · end of year $3,199,074
25 · Other liabilities

beginning of year $1,649,205 · end of year $1,463,415
27 · Net assets without donor restrictions

beginning of year $12,774,189 · end of year $18,882,483
28 · Net assets with donor restrictions

end of year $5,644

Mission and programs · 2023

Mission

THE MISSION OF PACE OF THE TRIAD IS TO BE A LEADING NONPROFIT PROVIDER AND EMPLOYER OF CHOICE OFFERING COMPREHENSIVE CARE AND SERVICES TO ENHANCE THE LIFE AND AUTONOMY OF OLDER ADULTS.

Activities or mission (Part I)

PACE OF THE TRIAD'S MISSION IS TO BE A LEADING NONPROFIT PROVIDER AND EMPLOYER OF CHOICE OFFERING COMPREHENSIVE CARE AND SERVICE TO ENHANCE THE LIFE AND AUTONOMY OF OLDER ADULTS.

THE ABILITY TO COORDINATE THE CARE OF EACH PARTICIPANT ENROLLED IN PACE IS KEY TO THE MODEL. PACE COORDINATES AND PROVIDES ALL NEEDED PREVENTIVE, PRIMARY, ACUTE AND LONG-TERM CARE SERVICES TO ENABLE PARTICIPANTS TO CONTINUE LIVING IN THE COMMUNITY. THE COMPONENTS OF THE PACE PROGRAM RESPOND TO THE UNIQUE NEEDS OF EACH PARTICIPANT ENROLLED IN THE PROGRAM. THE INTERDISCIPLINARY TEAMS ARE COMPRISED OF PHYSICIANS, NURSE PRACTITIONERS, NURSES, SOCIAL WORKERS, THERAPISTS, VAN DRIVERS, AIDES AND OTHERS WHO MEET REGULARLY TO EXCHANGE INFORMATION AND SOLVE PROBLEMS AS THE CONDITIONS AND NEEDS OF THE PACE PARTICIPANTS CHANGE. THROUGH INTERDISCIPLINARY TEAMS, THE VIEWPOINTS OF DIFFERENT DISCIPLINES ARE BROUGHT TOGETHER, AND THE INFORMATION GAINED(CONTINUED ON SCHEDULE O)THROUGH INTERACTION WITH THE PACE PARTICIPANTS OVER TIME AND IN DIFFERENT SETTINGS IS SHARED. THIS APPROACH EMPOWERS THOSE INVOLVED AND ALLOWS MORE INFORMATION TO BE AVAILABLE AT THE CRITICAL POINTS WHEN DECISIONS ARE BEING MADE. CAPITATED PAYMENT ARRANGEMENTS: PACE RECEIVES A MONTHLY CAPITATED PAYMENT (I.E., A LUMP SUM FROM MEDICARE COMBINED WITH MEDICAID OR A PARTICIPANT'S PRIVATE PAY RESOURCES THAT IS USED TO PAY FOR A VARIETY OF COMPREHENSIVE SERVICES) AND IS RESPONSIBLE FOR ALL THE CARE NEEDS APPROVED BY THE TEAM. AS SUCH, THE FINANCIAL INTERESTS OF THE PACE PROGRAM AND THE CARE NEEDS OF THE PERSONS THEY SERVE ARE ALIGNED IN A UNIQUE WAY. REGARDLESS OF WHETHER NEEDED SERVICES WOULD BE REIMBURSED UNDER TRADITIONAL FEE-FOR-SERVICE MEDICARE AND MEDICAID, PACE PROVIDES A COMPREHENSIVE SET OF PREVENTATIVE, PRIMARY, ACUTE AND LONG-TERM CARE SERVICES THAT ARE TAILORED SPECIFICALLY TO THE NEEDS OF INDIVIDUAL PACE PARTICIPANTS TO HELP THEM AVOID HOSPITAL OR NURSING HOME PLACEMENT TO THE GREATEST EXTENT POSSIBLE. THE PROGRAM IS DESIGNED TO MONITOR PARTICIPANTS CLOSELY FOR EVEN SUBTLE CHANGES IN NEEDS, WHICH IF LEFT UNATTENDED COULD LEAD TO COSTLY ACUTE CARE EPISODES. PACE FLEXIBILITY CAN PRODUCE MORE COST-EFFECTIVE SOLUTIONS AND A HIGHER QUALITY OF LIFE THAN PRESCRIBING COSTLY MEDICATIONS AND CONTINUALLY PROVIDING HOSPITAL SERVICES. PACE CENTERS: PACE PARTICIPANTS ATTEND THE PACE CENTER IF DESIRED. THE CENTER INCLUDES A HEALTH CLINIC WITH AN ON-SITE PHYSICIAN AND NURSE PRACTITIONER, PHYSICAL AND OCCUPATIONAL THERAPY FACILITIES, AND AT LEAST ONE COMMON ROOM FOR SOCIAL AND RECREATIONAL ACTIVITIES. TRANSPORTATION: ANOTHER COVERED BENEFIT FOR PACE PARTICIPANTS, IS CRITICAL TO THE IMPLEMENTATION OF THE CARE PLAN. IT IS A KEYWAY THAT PACE SUPPORTS FAMILIES WHO ARE PROVIDING CARE FOR THEIR LOVED ONES. TRANSPORTATION IS PROVIDED NOT ONLY TO AND FROM THE DAY CENTER BUT ALSO TO OTHER APPOINTMENTS. PROVIDING TRANSPORTATION ALSO PLACES A DRIVER, WHO HAS BEEN TRAINED TO OBSERVE CUES, IN THE HOME OF THE PACE PARTICIPANT. DRIVERS THEN CAN REPORT THESE CUES THAT MAY SIGNAL A CHANGE IN HEALTH STATUS OR OTHER CHANGES THAT SHOULD BE MONITORED.

Expenses $21,934,440 · Revenue $27,806,147

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Stephen FlemingSTEPHEN FLEMING

CHAIRMAN

Total calculated

$0

Hours/week

2
Anne MacnerANNE MACNER

VICE CHAIR

Total calculated

$0

Hours/week

1
Kristen YntemaKRISTEN YNTEMA

SECRETARY/TREASURER

Total calculated

$0

Hours/week

2
Jay SmithJAY SMITH

ASST SECRETARY/TREASURER

Total calculated

$0

Hours/week

1
Tim ClontzTIM CLONTZ

BOARD MEMBER

Total calculated

$0

Hours/week

0.3
Ted GoinsTED GOINS

BOARD MEMBER

Total calculated

$0

Hours/week

0.3
Kirby NickersonKIRBY NICKERSON

BOARD MEMBER

Total calculated

$0

Hours/week

0.3
Devin GriffithDEVIN GRIFFITH

BOARD MEMBER

Total calculated

$0

Hours/week

0.3
Ursula RobinsonURSULA ROBINSON

PRESIDENT/CEO

Total calculated

$230,931

From this org

$228,061

From related orgs

$0

Other

$2,870

Hours/week

66

Schedule J breakdown matched by us

Base

$192,836

Bonus

$35,225

Other

$0

Deferred

$2,870

Nontaxable benefits

$0

Filer's total

$230,931
Lucillia MarrowLUCILLIA MARROW

SITE DIRECTOR

Total calculated

$118,952

From this org

$116,597

From related orgs

$0

Other

$2,355

Hours/week

45
Brittany MillerBRITTANY MILLER

NURSE PRACTIONER PROVIDER

Total calculated

$131,208

From this org

$128,608

From related orgs

$0

Other

$2,600

Hours/week

40
Tina WilliamsTINA WILLIAMS

DIRECTOR, CLINICAL SERVICES

Total calculated

$102,397

From this org

$100,409

From related orgs

$0

Other

$1,988

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

3 · Compensation committee
3 · Compensation survey or study
3 · Approval by the board or compensation committee

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, LINE 3: THE BOARD OF DIRECTORS HAS A STANDING COMPENSATION COMMITTEE THAT IS CHARGED WITH SETTING THE ANNUAL COMPENSATION OF THE EXECUTIVE DIRECTOR. THE COMMITTEE MEETS AT LEAST ANNUALLY, AND MORE OFTEN AS NEEDED, TO REVIEW THIRD PARTY INDEPENDENT COMPENSATION DATA FROM PACE PROGRAMS THROUGHOUT THE US. THE COMMITTEE, COMPOSED SOLELY OF INDEPENDENT DIRECTORS, COMPARES ITS EXECUTIVE DIRECTOR'S COMPENSATION TO THAT OF OTHER SIMILAR SIZED PACE PROGRAMS TAKING INTO ACCOUNT GEOGRAPHICAL VARIANCES. THE COMMITTEE DELIBERATES OPTIONS AND TAKES ACTION BY SETTING THE ANNUAL COMPENSATION, WHICH IS RECORDED INT HE MINUTES KEPT BY THE ORGANIZATION.

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.

WELL-SPRING SERVICES

501(C)(3) · SECURITY AND MAINTENANCE · NC

Provenance

Return type: form_990
Tax year: 2023
Filed: 29 October 2024
IRS schema version: 2023v5.1
Source object: 202413059349301976

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