WINSTON SALEM, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)NHRMC HOME CARE, founded in 1964, is a community nonprofit in the Health Care sector that reported $7.8M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $11.1M exceeded revenue, resulting in a 41% operating deficit.
IN THE SPIRIT OF KEEPING OUR FOCUS ON PATIENT-CENTERED, EQUITABLE AND COMPASSIONATE CARE WHILE ENSURING OUR ORGANIZATION IS SUSTAINABLE FOR FUTURE GENERATIONS, WE HAVE RESTATED OUR MISSION, VISION AND VALUES AND ARE NOW GUIDED BY OUR CAUSE. OUR CAUSE WE CREATE A HEALTHIER FUTURE AND BRING REMARKABLE EXPERIENCES TO LIFE. DISCOVER WE CONSISTENTLY SEEK TO INNOVATE, COURAGEOUSLY TRANSFORM OURSELVES AND FIND NEW WAYS TO ADD VALUE FOR OUR PATIENTS, COMMUNITIES AND ONE ANOTHER. EMPOWER WE PROVIDE ONE ANOTHER, OUR PATIENTS, FAMILIES AND COMMUNITIES WITH THE RESOURCES AND ENVIRONMENT TO CREATE SHARED ACCOUNTABILITY AND ACTION. THRIVE WE DEMONSTRATE EQUITY, EMPATHY, SAFETY AND QUALITY TO HELP EACH OTHER, AND OUR COMMUNITIES GROW AND SUCCEED. TOGETHER WE WORK AS A TRUSTED TEAM WITH OUR UNIQUE PERSPECTIVES, LIFE EXPERIENCES AND EXPERTISE TO BRING REMARKABLE TO LIFE IN EVERY INTERACTION. WE ALL BELONG.
THE ORGANIZATION OPERATES TO PROVIDE COMPREHENSIVE, SKILLED, INTERMITTENT HOME HEALTH CARE SERVICES TO THE RESIDENTS OF THE CAPE FEAR REGION OF NORTH CAROLINA.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $7,837,552 | $6,912,468 | +0.1% |
| Expenses | $11,088,750 | $10,778,448 | +0.0% |
| Net Income | $-3,251,198 | $-3,865,980 | -0.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JEFFERY WARHAFTIG MD | TRUSTEE | 0.20 |
Director
|
$0 | $0 | $0 |
| JEROME FENNELL | SECR | 0.20 |
Officer
Director
|
$0 | $0 | $0 |
| LYNWOOD MEADOWS | TREAS | 0.20 |
Officer
Director
|
$0 | $0 | $0 |
| MARTHA HIGHSMITH | CHAIR | 0.20 |
Officer
Director
|
$0 | $0 | $0 |
| TERRI KING | TRUSTEE | 0.20 |
Director
|
$0 | $0 | $0 |
| FRED HARGETT | EVP/CFO (TO 9/6/23) | 0.20 |
Officer
|
$0 | $50,705 | $2,451,375 |
| GEOFFREY GARDNER | CFO (FR 9/6/23) | 0.20 |
Officer
|
$0 | $128,749 | $1,037,855 |
| RUTH GLASER | PRESIDENT | 25.00 |
Officer
|
$0 | $41,185 | $339,510 |
| CARMEN MATTHEWS | RN/CASE MANAGER | 45.00 |
Highest
|
$128,807 | $16,208 | $145,015 |
| GAYLE SAGE | RN/CASE MANAGER | 45.00 |
Highest
|
$128,390 | $254 | $128,644 |
| MEGAN HICKS | RN/CASE MANAGER | 45.00 |
Highest
|
$135,701 | $8,418 | $144,119 |
| SEAN GILBERT | PHYSICAL THERAPIST | 45.00 |
Highest
|
$127,714 | $25,117 | $152,831 |
| TREVOR WILT | PHYSICAL THERAPIST | 45.00 |
Highest
|
$132,999 | $25,523 | $158,522 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $7,837,552 | $11,088,750 | $2,995,441 | $-3,251,198 |
| 2022 | $6,912,468 | $10,778,448 | $3,119,188 | $-3,865,980 |
| 2021 | $8,731,038 | $9,993,986 | $3,627,613 | $-1,262,948 |
| 2021 | $2,042,361 | $2,667,679 | $3,249,766 | $-625,318 |
Compare NHRMC HOME CARE with other nonprofits in North Carolina and across the country.