NORTH CAROLINA BAPTIST HOSPITAL (EIN 560552787) - 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

1923

Legal Domicile

Principal Officer

JULIE ANN FREISCHLAG MD

Phone

3367162276

Tax Period

2024-01-01 to 2024-12-31

NORTH CAROLINA BAPTIST HOSPITAL, founded in 1923, is a large national nonprofit in the Health Care sector that reported $3.3B in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

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 (2024)

Revenue Breakdown

Contributions & Grants $5,370,913

Program Service Revenue $3,214,985,185

Investment Income $37,894,959

Other Revenue $1,156,546

TOTAL REVENUE $3,259,407,603

Expense Breakdown

Grants Paid $4,001,472

Salaries & Benefits $1,104,767,422

Fundraising Expenses $0

Program Expenses $3,015,986,253

Other Expenses $2,069,283,079

TOTAL EXPENSES $3,178,051,973

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,259,407,603	$2,974,309,173	+0.1%
Expenses	$3,178,051,973	$2,929,347,846	+0.1%
Net Income	$81,355,630	$44,961,327	+0.8%

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

455

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

$17,098,502

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN L ROBERTSON	CHAIR	2.00	Officer Director	$0	$0	$0
ARTHUR A GIBEL	VICE CHAIR	2.00	Officer Director	$0	$0	$0
A LEE HERRING	TRUSTEE	2.00	Director	$0	$0	$0
REV FRANK THOMAS	TRUSTEE	2.00	Director	$0	$0	$0
WILLIAM C WARDEN JR	CHAIR	2.00	Officer Director	$0	$0	$0
SHEREE B WATSON	TRUSTEE	2.00	Director	$0	$0	$0
JULIE ANN FREISCHLAG MD	CEO OF AHWFB	15.70	Officer	$7,594,629	$40,091	$7,634,720
BRADLEY A CLARK	EVP, TREASURER	2.20	Officer	$2,513,703	$419,389	$2,933,092
J MCLAIN WALLACE JR	SVP, GEN COUNSEL & SEC	12.80	Officer	$0	$30,227	$1,689,329
L EBONY BOULWARE MD	DEAN, WFU SOM	40.00	Officer	$1,717,096	$35,593	$1,752,689
LISA M MARSHALL	VP, CHIEF PHIL OFF	10.00	Officer	$0	$31,375	$1,005,808
STEPHAN L LILLIE	SVP & CFO AHWFB	13.00	Officer	$0	$62,046	$728,685
DAVID ZAAS MD	PRES, HEALTH SYSTEM	10.00	Officer	$1,314,010	$40,169	$1,354,179
CATHLEEN WHEATLEY DNP	PRES WFBMC, SVP CNO	40.00	Highest	$0	$18,941	$1,268,605
A MICK FISHER	SVP, CHRO WFB	7.90	Highest	$0	$34,812	$1,020,124
MICHAEL T WAID	SVP HLTH SYS OPS & INTG	26.50	Highest	$0	$50,757	$887,425
TODD BANKHEAD	SVP CLINICAL OPS, COO	40.00	Highest	$0	$39,293	$901,417
ALISA STARBUCK DNP	PRES BRENNER'S CH HOSP	40.00	Highest	$0	$40,148	$910,757
KEVIN P HIGH MD	FORMER OFFICER	0.00		$1,277,196	$45,150	$1,322,346
TERRY G WILLIAMS	FORMER OFFICER	0.00		$2,204,442	$248,612	$2,453,054

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	$3,259,407,603	$3,178,051,973	$2,781,137,808	$81,355,630
2023	$2,974,309,173	$2,929,347,846	$2,399,495,652	$44,961,327
2022	$2,499,734,301	$2,520,454,293	$2,183,312,199	$-20,719,992
2021	$1,207,994,903	$1,219,581,755	$2,504,263,399	$-11,586,852
2021	$2,315,710,065	$2,243,527,437	$2,518,157,866	$72,182,628
2020	$2,032,129,658	$2,031,311,339	$2,292,609,329	$818,319
2019	$1,907,506,079	$1,950,016,623	$2,099,795,220	$-42,510,544
2018	$1,795,774,962	$1,802,673,061	$1,951,468,151	$-6,898,099

NORTH CAROLINA BAPTIST HOSPITAL