HEARTWORKS CHILDREN'S MEDICAL HOME MISSI

EIN: 412075011 501(c)(3) Human Services

BAYBORO, NC

Total Revenue
$854,254
Total Expenses
$864,852
Total Assets
$5,936,287
Net Assets
$5,845,725
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
NC
Principal Officer
RODNEY M LEE
Phone
2527452070
Tax Period
2023-07-01 to 2024-06-30

HEARTWORKS CHILDREN'S MEDICAL HOME MISSI, founded in 2002, is a small nonprofit in the Human Services sector that reported $854K in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Net assets of $5.8M represent 82 months of operating reserves.

Mission

TO STRIVE, THROUGH MANY PROGRAMS AND PARTNERSHIPS WITH OTHER LOCAL ORGANIZATIONS, TO ADDRESS THE PHYSICAL, HEALTH AND EMOTIONAL NEEDS OF THE CHILDREN AND FAMILIES THAT ARE SERVED, AND TO WORK TO HELP CHILDREN AND THEIR FAMILIES OVERCOME PHYSICAL, MENTAL AND ECONOMIC ISSUES.

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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 $532,893
Program Service Revenue $58,106
Investment Income $99,825
Other Revenue $163,430
TOTAL REVENUE $854,254

Expense Breakdown

Grants Paid $0
Salaries & Benefits $579,954
Fundraising Expenses $3,790
Program Expenses $569,216
Other Expenses $284,898
TOTAL EXPENSES $864,852

Year-over-Year Comparison

2023 2022 Change
Revenue $854,254 $998,903 -0.1%
Expenses $864,852 $987,030 -0.1%
Net Income $-10,598 $11,873 -1.9%
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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Governance

Voting Members
11
Independent Members
11
Employees
51
Volunteers
47

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
$75,800
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HOLLOWELL JR BEN PRESIDENT 1.00
Officer Director
$0 $0 $0
RAGAN JAMES VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
LEE ROD TREASURER 2.00
Officer Director
$0 $0 $0
LEE SUE SECRETARY 1.00
Officer Director
$0 $0 $0
MCCOTTER TERRY DIRECTOR 1.00
Director
$0 $0 $0
STEENSON DEBORA DIRECTOR 1.00
Director
$0 $0 $0
HUDSON KATHERINE DIRECTOR 1.00
Director
$0 $0 $0
CAHOON DOUG DIRECTOR 1.00
Director
$0 $0 $0
WADSWORTH SUSAN DIRECTOR 1.00
Director
$0 $0 $0
FRAZER HENRY DIRECTOR 1.00
Director
$0 $0 $0
LUPTON PHYLLIS DIRECTOR 1.00
Director
$0 $0 $0
PRINCE KAREN EXECUTIVE DIRECTOR 40.00
Officer
$72,800 $3,000 $75,800
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 No data No data No data No data
2024 $854,254 $864,852 $5,936,287 $-10,598
2023 $998,903 $987,030 $5,800,074 $11,873
2023 $998,903 $987,030 $5,800,074 $11,873
2022 $2,430,661 $1,034,221 $5,684,545 $1,396,440
2021 $1,126,210 $834,182 $4,530,036 $292,028
2020 $1,354,005 $997,103 $4,224,755 $356,902
2019 $1,307,233 $986,307 $3,700,038 $320,926
2018 $1,153,928 $990,326 $3,354,709 $163,602
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