CAPE FEAR HEALTHNET INC (EIN 262469988) - 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

2008

Legal Domicile

Principal Officer

JOHN DEVANEY

Phone

9103992751

Tax Period

2024-07-01 to 2025-06-30

CAPE FEAR HEALTHNET INC, founded in 2008, is a small nonprofit in the Health Care sector that reported $594K in total revenue in fiscal year 2024. Expenses of $512K left a modest 14% surplus.

Mission

CAPE FEAR HEALTHNET EXISTS TO FACILITATE A COORDINATED SYSTEM OF HEALTH CARE FOR RESIDENTS WHO HAVE LOW INCOME AND ARE FOCUSED IN A FOUR-COUNTY REGION OF NORTH CAROLINA.

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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 $593,509

Program Service Revenue $0

Investment Income $562

Other Revenue $41

TOTAL REVENUE $594,112

Expense Breakdown

Grants Paid $199,242

Salaries & Benefits $169,104

Fundraising Expenses $7,696

Program Expenses $434,784

Other Expenses $143,662

TOTAL EXPENSES $512,008

Year-over-Year Comparison

	2024	2023	Change
Revenue	$594,112	$571,682	+0.0%
Expenses	$512,008	$613,294	-0.2%
Net Income	$82,104	$-41,612	-3.0%

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

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

$36,950

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN DEVANEY	CHAIR	1.00	Officer Director	$0	$0	$0
AMANDA BOOMERSHINE	SECRETARY	1.00	Officer Director	$0	$0	$0
RICHARD TROTTA	TREASURER	1.00	Officer Director	$0	$0	$0
SARAH ARTHUR	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CHERIE BROWNING	DIRECTOR	1.00	Director	$0	$0	$0
DANTE HAYWOOD	DIRECTOR	1.00	Director	$0	$0	$0
JULIE QUISENBERRY	DIRECTOR	1.00	Director	$0	$0	$0
SHEILA ROBERTS	DIRECTOR	1.00	Director	$0	$0	$0
BAILEY MINISH	DIRECTOR	1.00	Director	$0	$0	$0
JOHN CAMPBELL	DIRECTOR	1.00	Director	$0	$0	$0
ANDRES AFANADOR	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN GREER	DIRECTOR	1.00	Director	$0	$0	$0
LAURA PICA AKERLEY	DIRECTOR	1.00	Director	$0	$0	$0
MEADE VAN PELT	DIRECTOR	1.00	Director	$0	$0	$0
CECELIA PEERS	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
LAUREN HENDERSON	DIRECTOR	1.00	Director	$0	$0	$0
SOCORRO COSTA	DIRECTOR	1.00	Director	$0	$0	$0
LESLIE SMILEY	EXECUTIVE DIRECTOR	20.00	Officer	$0	$0	$36,950

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	$594,112	$512,008	$266,740	$82,104
2024	$571,682	$613,294	$187,128	$-41,612
2023	$631,798	$638,149	$225,347	$-6,351
2022	$609,725	$617,629	$239,727	$-7,904
2021	$617,453	$614,234	$220,634	$3,219
2021	$617,453	$614,234	$220,634	$3,219
2020	$671,067	$690,660	$282,439	$-19,593
2019	$656,443	$716,671	$239,263	$-60,228

CAPE FEAR HEALTHNET INC