Columbus Regional Health Network

EIN: 263807951 501(c)(3) Health Care

Whiteville, NC

Total Revenue
$15,469,230
Total Expenses
$27,375,385
Total Assets
$951,722
Net Assets
$-88,325,106
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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
NC
Phone
3363785551
Tax Period
2023-10-01 to 2024-09-30

Columbus Regional Health Network, founded in 2008, is a mid-sized nonprofit in the Health Care sector that reported $15.5M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $27.4M exceeded revenue, resulting in a 77% operating deficit.

Mission

TO PROMOTE COMMUNITY HEALTH THROUGH THE PROVISION OF HEALTH CARE SERVICES TO THE CITIZENS AND RESIDENTS OF COLUMBUS COUNTY, NORTH CAROLINA, AND SURROUNDING COUNTIES.

Program Service Accomplishments

Program 1
Expenses: $26,171,651 Revenue: $15,469,230

To promote community health through the provision of health care services and education to the citizens of columbus county, north carolina and surrounding counties.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $15,469,230
Investment Income $0
Other Revenue $0
TOTAL REVENUE $15,469,230

Expense Breakdown

Grants Paid $0
Salaries & Benefits $7,326,435
Fundraising Expenses $0
Program Expenses $26,171,651
Other Expenses $20,048,950
TOTAL EXPENSES $27,375,385

Year-over-Year Comparison

2023 2022 Change
Revenue $15,469,230 $13,911,079 +0.1%
Expenses $27,375,385 $26,178,971 +0.0%
Net Income $-11,906,155 $-12,267,892 0.0%
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

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Governance

Voting Members
8
Independent Members
7
Employees
N/A
Volunteers
8

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
4
$797,091
Total Directors
8
$14,700
Key Employees
1
$221,109
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dr Sam Wheatley CMO 4.0
Officer Director
$0 $0 $14,700
Terray Suggs Chairman 1.0
Officer Director
$0 $0 $0
Andy Martin Trustee 1.0
Director
$0 $0 $0
Brent Watts Trustee 1.0
Director
$0 $0 $0
Carl Meares Jr Trustee 1.0
Director
$0 $0 $0
Chris Smith Trustee 1.0
Director
$0 $0 $0
Dr John Schultz Trustee 1.0
Director
$0 $0 $0
Freda Gore Trustee 1.0
Director
$0 $0 $0
M Jeffery Armstrong CFO 1.0
Officer
$0 $31,764 $291,288
W Jason Beck CEO 1.0
Officer
$0 $51,560 $491,103
Rachel Dunbar COO 1.0
Key Emp
$0 $23,358 $221,109
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 $15,469,230 $27,375,385 $951,722 $-11,906,155
2023 $13,911,079 $26,178,971 $3,155,423 $-12,267,892
2022 $12,167,436 $20,996,446 $1,870,124 $-8,829,010
2021 $11,595,687 $18,388,677 $1,057,901 $-6,792,990
2020 $9,369,565 $15,469,345 $1,104,362 $-6,099,780
2019 $9,337,836 $15,633,129 $1,547,688 $-6,295,293
2018 $10,088,439 $16,604,059 $1,805,732 $-6,515,620
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