NeighborHealth Center Inc

EIN: 460711361 501(c)(3) Health Care

Raleigh, NC

Total Revenue
$6,242,097
Total Expenses
$8,247,968
Total Assets
$4,670,001
Net Assets
$675,056
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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
2012
Legal Domicile
NC
Phone
9842228000
Tax Period
2023-01-01 to 2023-12-31

NeighborHealth Center Inc, founded in 2012, is a community nonprofit in the Health Care sector that reported $6.2M in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. Expenses of $8.2M exceeded revenue, resulting in a 32% operating deficit.

Mission

SERVING CHRIST BY LOVING OUR NEIGHBORS THROUGH THE PRACTICE OF EXCELLENT, COMPASSIONATE, AND ACCESSIBLE HEALTHCARE.

Program Service Accomplishments

Program 1
Expenses: $6,093,084 Revenue: $4,588,954

SERVING CHRIST BY LOVING OUR NEIGHBORS THROUGH THE PRACTICE OF EXCELLENT, COMPASSIONATE, AND ACCESSIBLE HEALTHCARE. NEIGHBORHEALTH CENTER OPENED ITS DOORS AS A HEALTHCARE CLINIC TO SERVE THE GROWING...

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SERVING CHRIST BY LOVING OUR NEIGHBORS THROUGH THE PRACTICE OF EXCELLENT, COMPASSIONATE, AND ACCESSIBLE HEALTHCARE. NEIGHBORHEALTH CENTER OPENED ITS DOORS AS A HEALTHCARE CLINIC TO SERVE THE GROWING POPULATION OF UNINSURED AND UNDERINSURED PATIENTS IN RALEIGH, 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 (2023)

Revenue Breakdown

Contributions & Grants $1,433,842
Program Service Revenue $4,588,954
Investment Income $3,229
Other Revenue $216,072
TOTAL REVENUE $6,242,097

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,491,734
Fundraising Expenses $61,028
Program Expenses $6,093,084
Other Expenses $2,756,234
TOTAL EXPENSES $8,247,968

Year-over-Year Comparison

2023 2022 Change
Revenue $6,242,097 $6,578,400 -0.1%
Expenses $8,247,968 $6,595,960 +0.3%
Net Income $-2,005,871 $-17,560 +113.2%
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
14
Independent Members
14
Employees
100
Volunteers
14

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
6
$373,478
Total Directors
14
$0
Key Employees
1
$220,800
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A CHAIR 1.0
Officer Director
$0 $0 $0
N/A Treasurer 1.0
Officer Director
$0 $0 $0
N/A VICE CHAIR 1.0
Officer Director
$0 $0 $0
N/A Secretary 1.0
Officer Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Chief Financial Officer 40.0
Officer
$132,158 $18,409 $150,567
N/A Chief Executive Officer 40.0
Officer
$198,067 $24,844 $222,911
N/A Chief Medical Officer 40.0
Key Emp
$197,092 $23,708 $220,800
N/A Nurse Practitioner 40.0
Highest
$110,413 $7,010 $117,423
N/A Director of Clinical Services 40.0
Highest
$131,298 $0 $131,298
N/A Chief Operating Officer 40.0
Highest
$118,752 $0 $118,752
N/A Nurse Practitioner 40.0
Highest
$116,567 $29,866 $146,433
N/A Physician 40.0
Highest
$182,855 $25,581 $208,436
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 No data No data No data No data
2023 $6,242,097 $8,247,968 $4,670,001 $-2,005,871
2022 $6,578,400 $6,595,960 $5,822,469 $-17,560
2021 $7,230,203 $5,141,278 $3,234,149 $2,088,925
2020 $3,094,416 $2,706,919 $1,580,149 $387,497
2019 $1,130,878 $1,635,932 $295,531 $-505,054
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