WILKES PHYSICIAN NETWORK INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2008

Legal Domicile

Principal Officer

KEVIN HIGH MD

Phone

3367164445

Tax Period

2017-07-01 to 2018-06-30

WILKES PHYSICIAN NETWORK INC, founded in 2008, is a micro nonprofit that reported $9K in total revenue in fiscal year 2017. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $305K exceeded revenue, resulting in a 3284% operating deficit.

Mission

TO CARRY OUT THE OBJECTIVES OF WRMC HOSPITAL OPERATING CORPORATION THROUGH THE EMPLOYMENT OF PHYSICIAN WHO PROVIDE EXCELLENT HEALTHCARE AND A VARIETY OF SERVICES FOR THE COMMUNITY AND SURROUNDING AREAS.

Program Service Accomplishments

Program 1

Expenses: $304,589 Revenue: $9,000

WILKES PHYSICIAN NETWORK ("WPN") OPERATED TO CARRY OUT THE CHARITABLE OBJECTIVES OF WRMC HOSPITAL OPERATING CORPORATION ("WRMC") THROUGH EMPLOYMENT OF PHYSICIANS IN THE ESSENTIAL FIELD OF PRIMARY...

WILKES PHYSICIAN NETWORK ("WPN") OPERATED TO CARRY OUT THE CHARITABLE OBJECTIVES OF WRMC HOSPITAL OPERATING CORPORATION ("WRMC") THROUGH EMPLOYMENT OF PHYSICIANS IN THE ESSENTIAL FIELD OF PRIMARY CARE MEDICINE. WPN CONSISTED OF FOUR FAMILY/INTERNAL MEDICINE PRACTICES, A GENERAL SURGERY CLINIC, A GASTROENTEROLOGY CLINIC AND OUTPATIENT ENDOSCOPY SUITE, AN ORTHOPAEDIC SURGICAL PRACTICE, A HOSPITALIST GROUP, A WOMEN'S OB/GYN PRACTICE, AN ENT PRACTICE, AND AN AFTER-HOURS URGENT CARE CENTER.ON JUNE 27, 2018, ARTICLES OF DISSOLUTION WERE FILED AND WPN DISSOLVED UNDER AUTHORITY OF THE NORTH CAROLINA SECRETARY OF STATE EFFECTIVE JUNE 30, 2018.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2017)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $9,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $9,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $304,589

Other Expenses $304,589

TOTAL EXPENSES $304,589

Year-over-Year Comparison

	2017	2016	Change
Revenue	$9,000	$9,568,582	-1.0%
Expenses	$304,589	$12,651,338	-1.0%
Net Income	$-295,589	$-3,082,756	-0.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

Employees

N/A

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

$1,415,089

Total Directors

$654,092

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES HOEKSTRA MD	DIRECTOR	0.01	Director	$0	$0	$0
KEVIN P HIGH MD	DIRECTOR & PRESIDENT	0.01	Officer Director	$0	$0	$0
BRADLEY A CLARK	DIRECTOR & TREASURER	0.01	Officer Director	$0	$170,979	$654,092
J MCLAIN WALLACE JR	SECRETARY	0.01	Officer	$0	$71,877	$760,997
PATRICIA COX	FORMER OFFICER (AS OF 7/1/2017)	0.00		$0	$36,881	$220,945
J GENE FAILE	FORMER OFFICER (AS OF 7/1/2017)	0.00		$0	$122,837	$658,173
BARRY WALD	FORMER OFFICER (AS OF 7/1/2017)	0.00		$0	$44,407	$343,276

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
2018	$9,000	$304,589	No data	$-295,589