University Health Systems of Eastern Carolina Foundation Inc (EIN 200777374) - Form 990 Financial Analysis & Trantor Score

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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

2004

Legal Domicile

Principal Officer

Scott Senatore

Phone

2528475626

Tax Period

2023-10-01 to 2024-09-30

University Health Systems of Eastern Carolina Foundation Inc, founded in 2004, is a community nonprofit in the Health Care sector that reported $6.0M in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $2.1M, a strong 35% operating margin.

Mission

TO GIVE HOPE TO EASTERN NORTH CAROLINA AND BEYOND BY INSPIRING PHILANTHROPY TO IMPROVE HEALTH, EDUCATION, AND WELL-BEING.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,214,247

Program Service Revenue $0

Investment Income $1,811,622

Other Revenue $22,565

TOTAL REVENUE $6,048,434

Expense Breakdown

Grants Paid $3,765,869

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,765,869

Other Expenses $141,259

TOTAL EXPENSES $3,907,128

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,048,434	$7,775,625	-0.2%
Expenses	$3,907,128	$2,875,856	+0.4%
Net Income	$2,141,306	$4,899,769	-0.6%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

500

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

$282,030

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MR SCOTT SENATORE	PRESIDENT	40.0	Officer	$0	$85,468	$282,030
MR MITCH JONES	CHAIR	1.0	Officer Director	$0	$0	$0
MRS TESS JUDGE	VICE CHAIR	1.0	Officer Director	$0	$0	$0
MRS ELIZABETH FLANAGAN	SECRETARY	1.0	Officer Director	$0	$0	$0
MR J DORSON WHITE JR	TREASURER	1.0	Officer Director	$0	$0	$0
MR SPENCE COSBY	PAST CHAIR	1.0	Director	$0	$0	$0
MRS CASSIE CAUSEY	TRUSTEE	1.0	Director	$0	$0	$0
MR MARSHALL CHERRY	TRUSTEE	1.0	Director	$0	$0	$0
MR DREW M COVERT	TRUSTEE	1.0	Director	$0	$0	$0
Dr MELISSA B DUNCAN MD	TRUSTEE	1.0	Director	$0	$0	$0
MR TOMMY DAVIS	TRUSTEE	1.0	Director	$0	$0	$0
MRS WENDY C FARRIOR	TRUSTEE	1.0	Director	$0	$0	$0
MR GEORGE GRIFFIN III	TRUSTEE	1.0	Director	$0	$0	$0
MR CHRISTOPHER JENKINS	TRUSTEE	1.0	Director	$0	$0	$0
MR THOMAS KULIKOWSKI	TRUSTEE	1.0	Director	$0	$0	$0
MRS LYNNE LAYTON	TRUSTEE	1.0	Director	$0	$0	$0
MRS SANDY MARTIN	TRUSTEE	1.0	Director	$0	$0	$0
MRS BRIDGETT M MINGES	TRUSTEE	1.0	Director	$0	$0	$0
MRS MARIE NEILSON	TRUSTEE	1.0	Director	$0	$0	$0
MRS BECKY NEWTON	TRUSTEE	1.0	Director	$0	$0	$0
MR WILLIAM M PARKER	TRUSTEE	1.0	Director	$0	$0	$0
MR J FREEMAN PAYLOR	TRUSTEE	1.0	Director	$0	$0	$0
MR JACK PILAND	TRUSTEE	1.0	Director	$0	$0	$0
MRS MARCY S SASNETT	TRUSTEE	1.0	Director	$0	$0	$0
MR WAIGHTSTILL SCALES IV	TRUSTEE	1.0	Director	$0	$0	$0
MRS DIANE TAYLOR	TRUSTEE	1.0	Director	$0	$0	$0
MR CLARK S TWIDDY	TRUSTEE	1.0	Director	$0	$0	$0
MRS TIFFANY VINCENT	TRUSTEE	1.0	Director	$0	$0	$0
MR MICHAEL WALDRUM MD	TRUSTEE	1.0	Director	$0	$0	$0

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
2024	$6,048,434	$3,907,128	$58,890,975	$2,141,306
2023	$7,775,625	$2,875,856	$51,708,150	$4,899,769
2022	$6,105,370	$3,999,138	$43,626,062	$2,106,232
2021	$16,444,847	$2,715,779	$48,496,918	$13,729,068
2020	$11,212,530	$10,091,931	$34,651,639	$1,120,599
2019	$6,291,713	$6,093,686	$35,271,696	$198,027
2018	$9,016,593	$8,516,979	$40,940,035	$499,614

University Health Systems of Eastern Carolina Foundation Inc