North Carolina Health News Inc (EIN 453913463) - 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

2011

Legal Domicile

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

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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 (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

Governance

Voting Members

Independent Members

Employees

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

$51,200

Total Directors

$51,200

Key Employees

Highest Compensated

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

North Carolina Health News Inc