BLUE RIDGE HEALTHCARE MEDICAL GROUP INC

EIN: 020777195 501(c)(3) Health Care

MORGANTON, NC

Total Revenue
$54,094,375
Total Expenses
$73,802,587
Total Assets
$20,635,926
Net Assets
$-137,302,724
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
NC
Principal Officer
KATHY BAILEY
Phone
8285805000
Tax Period
2022-07-01 to 2023-06-30

BLUE RIDGE HEALTHCARE MEDICAL GROUP INC, founded in 2006, is a mid-sized nonprofit in the Health Care sector that reported $54.1M in total revenue in fiscal year 2022. Revenue surged 108% from the prior year, signaling strong growth momentum. Expenses of $73.8M exceeded revenue, resulting in a 36% operating deficit.

Mission

TO PROVIDE MEDICAL CARE AND TO PROMOTE THE GENERAL HEALTH OF THE COMMUNITY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $107,907
Program Service Revenue $53,970,821
Investment Income $15,647
Other Revenue $0
TOTAL REVENUE $54,094,375

Expense Breakdown

Grants Paid $0
Salaries & Benefits $56,868,643
Fundraising Expenses $0
Program Expenses $65,243,009
Other Expenses $16,933,944
TOTAL EXPENSES $73,802,587

Year-over-Year Comparison

2022 2021 Change
Revenue $54,094,375 $26,058,504 +1.1%
Expenses $73,802,587 $33,407,215 +1.2%
Net Income $-19,708,212 $-7,348,711 +1.7%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
1
Employees
191
Volunteers
N/A

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$1,410,210
Total Directors
3
$1,317,302
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATHY BAILEY PRESIDENT & CEO 1.00
Officer Director
$0 $13,957 $979,442
ALAN GRIFFIN BOARD MEMBER 1.00
Director
$0 $0 $0
GANDHARI LOOMIS MD BOARD MEMBER 50.00
Director
$317,688 $20,172 $337,860
PATRICIA MOLL CFO 1.00
Officer
$0 $43,409 $430,768
GERALD MANK PHYSICIAN 50.00
Highest
$979,390 $58,119 $1,037,509
KADRY ALLABOUN PHYSICIAN 50.00
Highest
$866,179 $72,956 $939,135
MICHAEL SMITH PHYSICIAN 50.00
Highest
$842,646 $72,972 $915,618
STEVEN ISSERMAN PHYSICIAN 50.00
Highest
$783,494 $76,250 $859,744
MATTHEW MISHOE MEDICAL DIRECTOR 50.00
Highest
$778,698 $29,954 $808,652
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 No data No data No data No data
2023 $54,094,375 $73,802,587 $20,635,926 $-19,708,212
2022 $26,058,504 $33,407,215 $28,294,730 $-7,348,711
2021 $62,090,684 $66,755,095 $29,518,541 $-4,664,411
2020 $48,237,838 $61,596,157 $29,221,973 $-13,358,319
2019 $50,145,482 $63,643,809 $20,900,287 $-13,498,327
2018 $45,133,339 $61,905,118 $21,579,707 $-16,771,779
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