APPALACHIAN REGIONAL HEALTHCARE FOUNDATION INC

EIN: 204625618 501(c)(3) Philanthropy & Grantmaking

BOONE, NC

Total Revenue
$2,359,393
Total Expenses
$1,543,059
Total Assets
$36,528,012
Net Assets
$33,211,567
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
NC
Phone
8282624100
Tax Period
2024-07-01 to 2025-06-30

APPALACHIAN REGIONAL HEALTHCARE FOUNDATION INC, founded in 2006, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.4M in total revenue in fiscal year 2024. Revenue fell 66% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $816K, a strong 35% operating margin.

Mission

WORK WITH APPALACHIAN REGIONAL HEALTHCARE SYSTEM (ARHS) TO SUPPORT HEALTHCARE IN THE SURROUNDING REGION OF WESTERN NORTH CAROLINA. OUR MISSION WILL BE ACHIEVED BY 1) EXPANDING AND PRESERVING ESSENTIAL PATIENT SERVICES THROUGH PHILANTHROPY; 2) EQUIPPING CAREGIVERS WITH UNIQUE RESOURCES AND LEADING EDGE TECHNOLOGIES; 3) HELPING CREATE A HEALTHIER COMMUNITY FOR THE COUNTIES WE SERVE; AND 4) COOPERATING WITH OTHER COMMUNITY ORGANIZATIONS WHO SHARE THE ARHS MISSION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,693,939
Program Service Revenue $0
Investment Income $665,454
Other Revenue $0
TOTAL REVENUE $2,359,393

Expense Breakdown

Grants Paid $0
Salaries & Benefits $208,594
Fundraising Expenses $197,428
Program Expenses $1,282,493
Other Expenses $1,334,465
TOTAL EXPENSES $1,543,059

Year-over-Year Comparison

2024 2023 Change
Revenue $2,359,393 $7,032,135 -0.7%
Expenses $1,543,059 $2,417,296 -0.4%
Net Income $816,334 $4,614,839 -0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
10
Employees
N/A
Volunteers
10

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
5
$2,528,749
Total Directors
15
$2,040,617
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Charles Mantooth CEO (thru 12/31/2024) 1.0
Officer Director
$0 $29,239 $1,180,817
David Nathan Nipper CEO (began 01/01/2025) 1.0
Officer Director
$0 $24,156 $472,368
Edward Hinson Chairman 1.0
Officer Director
$0 $0 $0
Robert Hudspeth Trustee/SVP Development 1.0
Officer Director
$0 $22,808 $387,432
Anne Corinne Beaver MD Trustee 1.0
Director
$0 $0 $0
Barbara Goodmon Trustee 1.0
Director
$0 $0 $0
Bill Leonard Trustee 1.0
Director
$0 $0 $0
Chick Fuller Trustee 1.0
Director
$0 $0 $0
Chris Petti Trustee 1.0
Director
$0 $0 $0
Harrison Chip Williamson Trustee 1.0
Director
$0 $0 $0
Janet Cone Trustee 1.0
Director
$0 $0 $0
Jim Ferguson MD Trustee 1.0
Director
$0 $0 $0
Libba Gaither Trustee 1.0
Director
$0 $0 $0
Paul O'Connell Trustee (thru 12/31/2024) 1.0
Director
$0 $0 $0
Sam Adams Trustee 1.0
Director
$0 $0 $0
Rick Cassady CFO 1.0
Officer
$0 $40,201 $488,132
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 $2,359,393 $1,543,059 $36,528,012 $816,334
2024 $7,032,135 $2,417,296 $33,492,872 $4,614,839
2023 $4,263,333 $633,966 $27,087,194 $3,629,367
2022 $4,411,499 $719,161 $22,271,868 $3,692,338
2021 $6,222,788 $803,450 $20,244,671 $5,419,338
2020 $1,397,758 $540,739 $12,800,724 $857,019
2019 $5,358,200 $2,766,965 $11,620,581 $2,591,235
2018 $4,386,336 $1,804,958 $8,748,908 $2,581,378
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