North Carolina Health News Inc

EIN: 453913463 501(c)(3) Arts, Culture & Humanities

Chapel Hill, NC

Total Revenue
$574,859
Total Expenses
$531,267
Total Assets
$558,848
Net Assets
$556,548
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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
2011
Legal Domicile
NC
Principal Officer
Rose Hoban
Phone
9192956246
Tax Period
2024-01-01 to 2024-12-31

North Carolina Health News Inc, founded in 2011, is a small nonprofit in the Arts, Culture & Humanities sector that reported $575K in total revenue in fiscal year 2024. Expenses of $531K left a modest 8% surplus.

Mission

Independent, statewide news organization dedicated to covering health care in North Carolina.

Program Service Accomplishments

Program 1
Expenses: $531,267

Employing the highest journalistic standards of fairness, accuracy, and extensive research to ensure the coverage of health care issues in North Carolina.

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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 (2024)

Revenue Breakdown

Contributions & Grants $132,142
Program Service Revenue $442,717
Investment Income $0
Other Revenue $0
TOTAL REVENUE $574,859

Expense Breakdown

Grants Paid $0
Salaries & Benefits $277,548
Fundraising Expenses $0
Program Expenses $531,267
Other Expenses $253,719
TOTAL EXPENSES $531,267

Year-over-Year Comparison

2024 2023 Change
Revenue $574,859 $578,554 0.0%
Expenses $531,267 $458,844 +0.2%
Net Income $43,592 $119,710 -0.6%
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

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Governance

Voting Members
8
Independent Members
8
Employees
5
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
4
$51,200
Total Directors
7
$51,200
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROSE HOBAN EditorDirector 40.00
Officer Director
$50,000 $0 $50,000
MARK TOSCZAK Secretary 1.00
Officer Director
$1,200 $0 $1,200
ANDY LIPSON Board Chair 1.00
Officer Director
$0 $0 $0
BEVERLY EDWARDS MD Director 1.00
Director
$0 $0 $0
ALLISON KALLOO Director 1.00
Director
$0 $0 $0
MERLE GREEN Director 1.00
Director
$0 $0 $0
ERIN MCINTYRE Director 1.00
Director
$0 $0 $0
DAVE COLNER Treasurer 1.00
Officer
$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 $574,859 $531,267 $558,848 $43,592
2023 $578,554 $458,844 $515,673 $119,710
2022 $502,452 $463,489 $397,073 $38,963
2021 $427,099 $433,169 $361,733 $-6,070
2020 $484,436 $392,689 $328,960 $91,747
2019 $344,627 $251,457 $233,126 $93,170
2018 $216,885 $170,738 $124,905 $46,147
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