ALBEMARLE HOSPITAL FOUNDATION (EIN 432031990) - 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

2003

Principal Officer

JANET JARRETT

Phone

2522483045

Tax Period

2023-10-01 to 2024-09-30

ALBEMARLE HOSPITAL FOUNDATION, founded in 2003, is a small nonprofit in the Health Care sector that reported $917K in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring.

Mission

PROMOTION OF ACCESS TO PRIMARY CARE AND PHARMACY SERVICES TO THE UNINSURED AND UNDERINSURED POPULATION OF THE SEVEN COUNTY AREA OF CAMDEN, CHOWAN, CURRITUCK, DARE, GATES, PASQUOTANK, AND PERQUIMANS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $818,413

Program Service Revenue $71,113

Investment Income $27,519

Other Revenue $0

TOTAL REVENUE $917,045

Expense Breakdown

Grants Paid $0

Salaries & Benefits $822,558

Fundraising Expenses $17,945

Program Expenses $838,186

Other Expenses $182,535

TOTAL EXPENSES $1,005,093

Year-over-Year Comparison

	2023	2022	Change
Revenue	$917,045	$1,245,256	-0.3%
Expenses	$1,005,093	$1,103,259	-0.1%
Net Income	$-88,048	$141,997	-1.6%

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

$82,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANET JARRETT	EXECUTIVE DI	40.00	Officer	$82,500	$0	$82,500
PETER BRUDERLE	TREASURER	2.00	Officer Director	$0	$0	$0
MARGARE DONOHOE	CHAIR	2.00	Director	$0	$0	$0
SUSAN LEVESH DOWNAR	SECRETARY	2.00	Officer Director	$0	$0	$0
DONALD BOWLING MD	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHELLE MOORE	BOARD MEMBER	1.00	Director	$0	$0	$0
WENDY PIERCE	VICE CHAIR	1.00	Director	$0	$0	$0
KIERA SPENCE	BOARD MEMBER	1.00	Director	$0	$0	$0
ASHLEY STOOP	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHRYN WHEELER	BOARD MEMBER	1.00	Director	$0	$0	$0

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	$917,045	$1,005,093	$1,579,076	$-88,048
2023	$1,245,256	$1,103,259	$1,693,569	$141,997
2022	$1,233,526	$1,085,234	$1,550,384	$148,292
2021	$1,241,275	$1,120,593	$1,435,673	$120,682
2020	$1,136,950	$939,904	$1,345,039	$197,046
2019	$996,008	$855,105	$1,062,920	$140,903
2018	$948,335	$871,415	$877,061	$76,920

ALBEMARLE HOSPITAL FOUNDATION