Columbus Regional Diagnostics

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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

2013

Legal Domicile

Phone

3366428011

Tax Period

2023-10-01 to 2024-09-30

Columbus Regional Diagnostics, founded in 2013, is a small nonprofit in the Health Care sector that reported $241K in total revenue in fiscal year 2023. Revenue fell 84% from the prior year — a significant decline worth monitoring. Expenses of $1.6M exceeded revenue, resulting in a 549% operating deficit.

Mission

TO PROVIDE COMPASSIONATE CARE, ADVANCE HEALING AND INSPIRE HOPE FOR OUR PATIENTS AND THEIR LOVED ONES.

Program Service Accomplishments

Program 1

Expenses: $1,567,405 Revenue: $241,477

To provide healthcare to citizens and residents of columbus county, 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $241,477

Investment Income $0

Other Revenue $0

TOTAL REVENUE $241,477

Expense Breakdown

Grants Paid $0

Salaries & Benefits $355,312

Fundraising Expenses $0

Program Expenses $1,567,405

Other Expenses $1,212,093

TOTAL EXPENSES $1,567,405

Year-over-Year Comparison

	2023	2022	Change
Revenue	$241,477	$1,514,287	-0.8%
Expenses	$1,567,405	$1,937,186	-0.2%
Net Income	$-1,325,928	$-422,899	+2.1%

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

N/A

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

$797,091

Total Directors

$14,700

Key Employees

$221,109

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dr Sam Wheatley	CMO	4.0	Officer Director	$0	$0	$14,700
Terray Suggs	Chairman	1.0	Officer Director	$0	$0	$0
Andy Martin	Trustee	1.0	Director	$0	$0	$0
Brent Watts	Trustee	1.0	Director	$0	$0	$0
Carl Meares Jr	Trustee	1.0	Director	$0	$0	$0
Chris Smith	Trustee	1.0	Director	$0	$0	$0
Dr John Schultz	Trustee	1.0	Director	$0	$0	$0
Freda Gore	Trustee	1.0	Director	$0	$0	$0
M Jeffery Armstrong	CFO	1.0	Officer	$0	$31,764	$291,288
W Jason Beck	CEO	1.0	Officer	$0	$51,560	$491,103
Rachel Dunbar	COO	1.0	Key Emp	$0	$23,358	$221,109

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	$241,477	$1,567,405	$1,658,689	$-1,325,928
2023	$1,514,287	$1,937,186	$2,572,470	$-422,899
2022	$503,846	$769,919	$2,475,316	$-266,073
2021	$203,102	$312,337	$105,691	$-109,235
2020	$224,232	$297,992	$136,741	$-73,760
2019	$205,032	$305,272	$200,050	$-100,240