Western Carolina Medical Society Foundation Inc (EIN 455586998) - 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

Karen Wallace-Meigs

Phone

8283373528

Tax Period

2024-01-01 to 2024-12-31

Western Carolina Medical Society Foundation Inc, founded in 2011, is a community nonprofit in the Health Care sector that reported $1.5M in total revenue in fiscal year 2024. Expenses of $1.5M left a modest 4% surplus.

Mission

WC Medical Societys mission is to advocate for healthy communities, increase access to healthcare, fight health inequities, and promote wellness in Western 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 $846,767

Program Service Revenue $613,691

Investment Income $48,070

Other Revenue $2,862

TOTAL REVENUE $1,511,390

Expense Breakdown

Grants Paid $22,631

Salaries & Benefits $620,728

Fundraising Expenses $88,697

Program Expenses $1,013,487

Other Expenses $809,333

TOTAL EXPENSES $1,452,692

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,511,390	$1,533,547	0.0%
Expenses	$1,452,692	$1,555,753	-0.1%
Net Income	$58,698	$-22,206	-3.6%

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

700

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

$63,545

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Karen Wallace-Miegs	Executive Director	40.00	Officer	$59,115	$4,430	$63,545
Jennifer Abbott MD	Chair	2.00	Officer Director	$0	$0	$0
Jeffrey Garris MD	Vice-Chair	2.00	Officer Director	$0	$0	$0
Bronwyn Burleson CPA	Treasurer	2.00	Officer Director	$0	$0	$0
Kathleen Rodberg Esq	Secretary	2.00	Officer Director	$0	$0	$0
Rivers Woodward MD	Director at Large	1.00	Director	$0	$0	$0
William McLean MD	Past Chair	2.00	Director	$0	$0	$0
Mark McNeill	Director at Large	1.00	Director	$0	$0	$0
Abdalla Abu Baker	Director at Large	1.00	Director	$0	$0	$0
Melissa Robinson MD	Director at Large	1.00	Director	$0	$0	$0
Suzette LaRoche MD	Director at Large	1.00	Director	$0	$0	$0
Rachel Keever MD	Past Chair	1.00	Director	$0	$0	$0
David May MD	Director at Large	1.00	Director	$0	$0	$0
Carolina Perez	Director at Large	1.00	Director	$0	$0	$0
Winnie Pace	Director at Large	1.00	Director	$0	$0	$0
Virginia Lawrence	Director at Large	1.00	Director	$0	$0	$0
Sarah Cash MD	Director at Large	1.00	Director	$0	$0	$0
Leslie Council	Director at Large	1.00	Director	$0	$0	$0
Anneliese Duncan MD	Director at Large	1.00	Director	$0	$0	$0
Richard Bunio MD	Director at Large	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	$1,511,390	$1,452,692	$2,451,301	$58,698
2023	$1,533,547	$1,555,753	$2,385,854	$-22,206
2022	$1,318,128	$1,442,079	$2,341,678	$-123,951
2021	$1,679,805	$1,393,706	$2,620,324	$286,099
2020	$1,982,391	$1,652,216	$1,929,643	$330,175
2019	$1,424,777	$1,055,983	$1,530,841	$368,794
2018	$1,151,161	$1,097,183	$1,130,391	$53,978

Western Carolina Medical Society Foundation Inc