HIGH POINT REGIONAL HEALTH (EIN 560532309) - 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

1933

Legal Domicile

Principal Officer

JAMES HOEKSTRA MD

Phone

3367164445

Tax Period

2023-01-01 to 2023-12-31

HIGH POINT REGIONAL HEALTH, founded in 1933, is a major nonprofit in the Health Care sector that reported $508.7M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $458.5M left a modest 10% surplus.

Mission

TO IMPROVE HEALTH, ELEVATE HOPE, AND ADVANCE HEALING FOR ALL.

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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 $2,821,778

Program Service Revenue $501,730,607

Investment Income $1,575,198

Other Revenue $2,553,091

TOTAL REVENUE $508,680,674

Expense Breakdown

Grants Paid $253,065

Salaries & Benefits $185,078,682

Fundraising Expenses $0

Program Expenses $427,654,023

Other Expenses $273,120,902

TOTAL EXPENSES $458,452,649

Year-over-Year Comparison

	2023	2022	Change
Revenue	$508,680,674	$437,740,981	+0.2%
Expenses	$458,452,649	$418,445,215	+0.1%
Net Income	$50,228,025	$19,295,766	+1.6%

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

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

$3,645,260

Total Directors

$3,317,318

Key Employees

$869,425

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRADLEY A CLARK	TREASURER	0.50	Officer	$1,431,976	$145,795	$1,577,771
JAMES HOEKSTRA MD	DIRECTOR, PRESIDENT	38.00	Officer Director	$1,001,079	$46,902	$1,047,981
J MCLAIN WALLACE JR	SECRETARY	2.60	Officer	$0	$35,934	$1,019,508
MICHAEL T WAID	DIRECTOR	0.70	Director	$0	$57,880	$855,814
STEVEN RHORBECK MD	DIRECTOR	2.00	Director	$0	$37,276	$814,455
DEBORAH HARDING	DIRECTOR	2.00	Director	$0	$72,765	$599,068
LAWRENCE WILLIAMS MD	CMO	40.00	Key Emp	$0	$52,835	$571,029
KEVIN SMITH	VP, COO HPRMC	40.00	Highest	$0	$54,810	$489,118
ROBERT POTH MD	PHYSICIAN	40.00	Highest	$0	$54,423	$381,902
DANNY SQUIRES	FINANCE DIRECTOR	19.00	Key Emp	$0	$39,229	$298,396
PAULA CORREA	CH NURSING OFF	40.00	Highest	$0	$35,250	$274,434
STEPHANIE PARKER	MEDICAL PHYSICIST	40.00	Highest	$0	$47,675	$263,951
DAVID JONES	CLIN INSTRUC CRNA	40.00	Highest	$0	$23,574	$238,542
AMY SMITH	DIRECTOR	2.00	Director	$0	$0	$0
BERNARD CHINNASAMI MD	DIRECTOR (FROM 11/17/22)	2.00	Director	$0	$0	$0
BRACK BRIGMAN	DIRECTOR	2.00	Director	$0	$0	$0
BRADEN COVINGTON	DIRECTOR	2.00	Director	$0	$0	$0
DAVID FISHER MD	DIRECTOR	2.00	Director	$0	$0	$0
DAVID ZAAS MD	DIRECTOR (FR 9/1/23)	1.00	Director	$0	$0	$0
DON WEBB	DIRECTOR	3.00	Director	$0	$0	$0
GURNEY SPARKY STROUD	DIRECTOR	2.00	Director	$0	$0	$0
JERRY CAMP	DIRECTOR	2.00	Director	$0	$0	$0
JOSEPH BLOSSER	DIRECTOR (FROM 11/17/22)	2.00	Director	$0	$0	$0
JULIE DELGAUDIO	DIRECTOR	2.00	Director	$0	$0	$0
KEN SMITH	DIRECTOR	2.00	Director	$0	$0	$0
KEVIN P HIGH MD	DIRECTOR (TO 9/1/23)	1.00	Director	$0	$0	$0
MATTHEW EDWARDS MD	DIRECTOR	2.00	Director	$0	$0	$0
REVEREND FRANK THOMAS	VICE CHAIR	2.00	Officer Director	$0	$0	$0
ROYSTER TUCKER III	CHAIR	3.00	Officer Director	$0	$0	$0
TASHA LOGAN FORD	DIRECTOR (FROM 11/17/22)	2.00	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	No data	No data	No data	No data
2023	$508,680,674	$458,452,649	$430,910,662	$50,228,025
2022	$437,740,981	$418,445,215	$379,672,940	$19,295,766
2021	$211,648,387	$203,980,018	$385,737,494	$7,668,369
2021	$426,825,632	$378,294,764	$371,973,864	$48,530,868
2020	$393,125,771	$366,414,634	$335,177,553	$26,711,137
2019	$382,787,877	$363,385,255	$269,105,408	$19,402,622
2018	$275,984,314	$255,657,722	$310,694,700	$20,326,592

HIGH POINT REGIONAL HEALTH