EASTERN AREA HEALTH EDUCATION CENT… - Form 990 Financial Data

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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

1974

Legal Domicile

Principal Officer

MATTHEW MEYERS

Phone

2527445221

Tax Period

2024-07-01 to 2025-06-30

EASTERN AREA HEALTH EDUCATION CENTER INC, founded in 1974, is a community nonprofit that reported $8.1M in total revenue in fiscal year 2024. Expenses of $7.4M left a modest 8% surplus.

Mission

EASTERN AREA HEALTH EDUCATION CENTER, INC. IS ONE OF NINE ORGANIZATIONS WHICH OPERATE UNDER CONTRACT WITH THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL UTILIZING STATE AND FEDERAL FUNDS TO CONDUCT OPERATIONS OF THE AREA HEALTH EDUCATION CENTER (AHEC) IN EASTERN NORTH CAROLINA. OPERATIONS ARE CONDUCTED THROUGH AFFILIATION AGREEMENTS WITH HOSPITALS AND OTHER HEALTH CARE ORGANIZATIONS. THE PRIMARY PURPOSE OF THE AHEC ORGANIZATION IS TO PROVIDE CONTINUING EDUCATION AND TRAINING TO HEALTH CARE PROFESSIONALS. THE ORGANIZATION'S BOARD OF DIRECTORS CONSISTS OF INDIVIDUALS APPOINTED BY 14 EASTERN NORTH CAROLINA HOSPITALS, EAST CAROLINA UNIVERSITY, AND VARIOUS OTHER AREA MEDICAL/EDUCATIONAL INSTITUTIONS.

Program Service Accomplishments

Program 1

Expenses: $6,405,900 Revenue: $1,226,127

VARIOUS CONTINUING PROFESSIONAL EDUCATION PROGRAMS AND RELATED ACTIVITIES WHICH PROVIDE CONTINUING EDUCATION FOR THE SCHOOL OF MEDICINE, NURSING, MENTAL HEALTH, AND ALLIED HEALTH. THESE PROGRAMS ALSO PROVIDE CLINICAL EDUCATION SERVICES AND CONTINUING EDUCATION FOR THE PERINATAL, RURAL PHARMACY, AND RURAL/PRIMARY CARE PROGRAMS. WE NOW RUN THE ENTIRE STATEWIDE LACTATION SUPPORT PROGRAM, AND WE HAVE HAD A MEASURABLY LARGE IMPROVEMENT IN THE NUMBER OF MOTHERS CHOOSING TO BREAST FEED. WE HAVE ALSO RECENTLY BEEN AWARDED SIGNIFICANT GRANTS TO SUPPORT RESULTS BASED ACCOUNTABILITY ACROSS THE STATE AND TALENT PIPELINE MANAGEMENT FOR HEALTHCARE WORKFORCE IN OUR REGION.

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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 $6,587,694

Program Service Revenue $912,533

Investment Income $258,935

Other Revenue $313,594

TOTAL REVENUE $8,072,756

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,186,706

Fundraising Expenses $0

Program Expenses $6,405,900

Other Expenses $3,204,498

TOTAL EXPENSES $7,391,204

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,072,756	$7,967,712	+0.0%
Expenses	$7,391,204	$6,969,888	+0.1%
Net Income	$681,552	$997,824	-0.3%

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

$797,810

Total Directors

$1,241,932

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIM MAPLES	DIRECTOR-AT-LARGE	1.00	Director	$0	$0	$0
MICHAEL DAVIS	DIRECTOR-AT-LARGE	1.00	Director	$0	$0	$0
DENNIS CAMPBELL II	DIRECTOR-AT-LARGE	1.00	Director	$0	$0	$0
DANA BYRUM	DIRECTOR-AT-LARGE	1.00	Director	$0	$0	$0
JAY BRILEY	DIRECTOR-AT-LARGE	1.00	Director	$0	$0	$0
DEVEREUX GRINDLE	DIRECTOR-AT-LARGE	1.00	Director	$0	$0	$0
ELIZABETH ALBAUGH	DIRECTOR-AT-LARGE	1.00	Director	$0	$0	$0
NANNETTE S NEWCOMB	DIRECTOR-AT-LARGE	1.00	Director	$0	$0	$0
LINDA ROUSE-IPOCK	DIRECTOR-AT-LARGE	1.00	Director	$0	$0	$0
ROBIN HARRIS	DIRECTOR-AT-LARGE	1.00	Director	$0	$0	$0
GLORIA PAYNE	DIRECTOR-AT-LARGE	1.00	Director	$0	$0	$0
KHRISTINE BREWINGTON	DIRECTOR-AT-LARGE	1.00	Director	$0	$0	$0
BIMBOLA AKINTADE	VICE CHAIR	1.00	Officer Director	$0	$40,710	$331,139
MICHELLE BROOKS	DIRECTOR-AT-LARGE	1.00	Director	$0	$60,081	$271,512
LEIGH CELLUCCI	DIRECTOR-AT-LARGE	1.00	Director	$0	$48,688	$208,185
GREG CHADWICK	DIRECTOR-AT-LARGE	1.00	Director	$0	$57,482	$431,096
TAYLOR FLOWERS	CHAIR	1.00	Officer Director	$0	$0	$0
HERB GARRISON	DIRECTOR-AT-LARGE	1.00	Director	$0	$0	$0
BRIAN HARVILL	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
SCOTT HARRELSON	DIRECTOR-AT-LARGE	1.00	Director	$0	$0	$0
L LORRAINE BASNIGHT	EXECUTIVE DIRECTOR	36.00	Officer	$0	$40,388	$266,453
MATTHEW MEYERS	CHIEF ADMINISTRATIVE OFFICER	40.00	Officer	$0	$40,954	$200,218

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
2025	$8,072,756	$7,391,204	$14,858,515	$681,552
2024	$7,967,712	$6,969,888	$14,795,253	$997,824
2023	$6,337,082	$6,503,979	$13,229,974	$-166,897
2022	$5,943,394	$6,252,205	$13,343,135	$-308,811
2021	$5,931,189	$6,033,162	$14,664,902	$-101,973
2020	$5,845,055	$6,158,406	$14,302,920	$-313,351
2019	$5,999,325	$6,071,975	$14,748,500	$-72,650

EASTERN AREA HEALTH EDUCATION CENTER INC