HOSPITAL HOSPITALITY HOUSE OF WINS… - Form 990 Financial Data

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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

2005

Legal Domicile

Principal Officer

KATHRYN CARR

Phone

3367932822

Tax Period

2024-01-01 to 2024-12-31

HOSPITAL HOSPITALITY HOUSE OF WINSTON-SALEM, founded in 2005, is a community nonprofit in the Health Care sector that reported $1.8M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $1.6M left a modest 12% surplus.

Mission

SECU FAMILY HOUSE IS A COMPASSIONATE, COMFORTABLE ALTERNATIVE TO A HOSPITAL WAITING ROOM OR AN EXPENSIVE HOTEL ROOM FOR ADULT PATIENTS AND CAREGIVERS FACING THE CHALLENGE OF OUT-OF-TOWN MEDICAL CARE.

Program Service Accomplishments

Program 1

Expenses: $1,264,423 Revenue: $479,304

THE SECU FAMILY HOUSE PROVIDES THE ONLY AFFORDABLE LODGING IN A CARING ENVIRONMENT FOR ADULT PATIENTS AND/OR THEIR CAREGIVERS WHO TRAVEL TO WINSTON SALEM FOR MEDICAL TREATMENT IN THE AREA. GUESTS PAY JUST 40/ROOM/NIGHT TO STAY. APPROXIMATELY 15% OF FAMILIES UTILIZE FINANCIAL ASSISTANCE TO STAY AT A REDUCED RATE, MEANING THEY FALL BELOW THE FEDERAL POVERTY LEVEL. ONE MAJOR BARRIER TO HEALTH CARE IS COST, AND MANY FAMILIES OPT-OUT OF RECEIVING THE BEST CARE POSSIBLE BECAUSE OF FINANCES. IN ADDITION TO THE DIRECT MEDICAL COSTS OF TREATMENTS, THERE ARE SECONDARY COSTS THAT INCLUDE TRAVEL, SHELTER, AND FOOD EXPENSES. BY PROVIDING FAMILIES WITH STEEPLY DISCOUNTED LODGING, WE ARE LESSENING THE SOCIOECONOMIC AND GEOGRAPHIC BARRIERS THAT MAY PREVENT PATIENTS FROM RECEIVING NECESSARY CARE. SINCE OPENING IN 2011, THE FAMILY HOUSE HAS SERVED MORE THAN 57,400 GUESTS. GUESTS HAVE TRAVELED FROM 96 NORTH CAROLINA COUNTIES AND 45 STATES AND 11 COUNTRIES. ONCE AT THE FAMILY HOUSE, GUESTS ARE PROVIDED WITH AFFORDABLE FAMILY- FOCUSED ACCOMMODATIONS AND SUPPORT. GUESTS HAVE ACCESS TO AMENITIES SUCH AS TRANSPORTATION TO AND FROM THE HOSPITAL, A FULL KITCHEN AND DINING ROOM WITH SOME MEALS PROVIDED BY VOLUNTEER GROUPS, A LAUNDRY ROOM, WIRELESS INTERNET, AND FELLOWSHIP WITH OTHER GUESTS OR FULL PRIVACY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,284,067

Program Service Revenue $474,206

Investment Income $69,026

Other Revenue $-7,993

TOTAL REVENUE $1,819,306

Expense Breakdown

Grants Paid $0

Salaries & Benefits $768,162

Fundraising Expenses $193,015

Program Expenses $1,264,423

Other Expenses $837,004

TOTAL EXPENSES $1,605,166

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,819,306	$1,612,792	+0.1%
Expenses	$1,605,166	$1,550,240	+0.0%
Net Income	$214,140	$62,552	+2.4%

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

Volunteers

411

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

$96,153

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHRYN CARR	EXECUTIVE DI	40.00	Officer	$92,697	$3,456	$96,153
ERIK SUMMERS	MEMBER	1.00	Director	$0	$0	$0
CHRISTINE FARISS	MEMBER	1.00	Director	$0	$0	$0
DR MIKE LALOR	MEMBER	1.00	Director	$0	$0	$0
TIM NESTOR	MEMBER	1.00	Director	$0	$0	$0
TUKESHA PARKS	MEMBER	1.00	Director	$0	$0	$0
KIERAN GOLDBECK	MEMBER	1.00	Director	$0	$0	$0
CAROLYN THOMAS	MEMBER	1.00	Director	$0	$0	$0
BARRY ROUNTREE	MEMBER	1.00	Director	$0	$0	$0
SHANNON STEWART-HILL	MEMBER	1.00	Director	$0	$0	$0
PRESTON YATES	MEMBER	1.00	Director	$0	$0	$0
CRAIG ALDEN	MEMBER	1.00	Director	$0	$0	$0
MELANIE ROCHE	MEMBER	1.00	Director	$0	$0	$0
MARTHA LOGEMANN	MEMBER	1.00	Director	$0	$0	$0
MIKE GANNAWAY	CHAIR	1.00	Officer Director	$0	$0	$0
CHRIS HEWITT	VICE CHAIR	1.00	Officer Director	$0	$0	$0
NICOLE BRENNER	SECRETARY	1.00	Officer Director	$0	$0	$0
WALKER DOUGLAS	TREASURER	1.00	Officer Director	$0	$0	$0
HEATHER BOLT-MIKEAL	PAST-CHAIR	1.00	Officer 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	$1,819,306	$1,605,166	$7,151,789	$214,140
2023	$1,612,792	$1,550,240	$6,827,496	$62,552
2022	$1,565,335	$1,378,994	$6,720,773	$186,341
2021	$1,382,386	$1,149,287	$6,795,931	$233,099
2020	$1,233,629	$1,068,131	$6,617,829	$165,498
2019	$1,187,034	$1,094,239	$6,302,812	$92,795
2018	$1,133,829	$1,066,157	$6,039,280	$67,672

HOSPITAL HOSPITALITY HOUSE OF WINSTON-SALEM