HENDERSONVANCE HEALTHCARE INC

EIN: 560603925 501(c)(3) Health Care

HENDERSON, NC

Total Revenue
$1,970,200
Total Expenses
$1,056,284
Total Assets
$56,765,895
Net Assets
$41,788,928
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1931
Legal Domicile
NC
Principal Officer
MICHAEL H BRAFFORD
Phone
2524384143
Tax Period
2023-10-01 to 2024-09-30

HENDERSONVANCE HEALTHCARE INC, founded in 1931, is a community nonprofit in the Health Care sector that reported $2.0M in total revenue in fiscal year 2023. Revenue surged 118% from the prior year, signaling strong growth momentum. The organization ran a surplus of $914K, a strong 46% operating margin.

Mission

TO BE THE PREMIER HEALTHCARE PROVIDER IN OUR MARKET, COMMITTED TO IMPROVING THE LIVES OF OUR STAFF AND THE COMMUNITY WE SERVE.

Program Service Accomplishments

Program 1
Expenses: $1,056,284

MARIA PARHAM HEALTH IS THE REGION'S HEALTHCARE LEADER FULLY ACCREDITED BY THE JOINT COMMISSION AND THE COLLEGE OF AMERICANPATHOLOGISTS, MARIA PARHAM HAS COMBINED THE QUALITIES NECESSARY TO OFFER THE...

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MARIA PARHAM HEALTH IS THE REGION'S HEALTHCARE LEADER FULLY ACCREDITED BY THE JOINT COMMISSION AND THE COLLEGE OF AMERICANPATHOLOGISTS, MARIA PARHAM HAS COMBINED THE QUALITIES NECESSARY TO OFFER THE BEST IN COMMUNITY MEDICINE - PHYSICIANS REPRESENTING A WIDERANGE OF SPECIALTIES, HIGHLY TRAINED NURSES AND CLINICAL SPECIALIST, AND THE LATEST TECHNOLOGY MARIA PARHAM HAS THE REGION'S LARGEST ANDMOST COMPREHENSIVE EMERGENCY DEPARTMENT STAFFED BY BOARD CERTIFIED EMERGENCY PHYSICIANS WE OFFER YOU THE LEADING MATERNITY CENTER INTHE FOUR COUNTY AREA AND THE ONLY SPECIAL CARE NURSERY WE HAVE THE LARGEST AND MOST ADVANCED INTENSIVE CARE AND PROGRESSIVE CARESERVICES, WITH 20 PATIENT ROOMS EQUIPPED WITH THE VERY BEST IN TECHNOLOGY AND STAFFED BY SPECIALLY TRAINED NURSES AND PHYSICIANS WE ALSOHAVE THE REGION'S ONLY CARF-ACCREDITED INPATIENT REHABILITATION UNIT TO COMPLEMENT OUR INPATIENT REHAB SERVICES, MARIA PARHAM ALSO OFFERSSTATE OF THE ART PHYSICAL, OCCUPATIONAL, AND SPEECH THERAPY ON AN OUTPATIENT BASIS ADVANCED TECHNOLOGY IS FEATURED IN MARIA PARHAMMEDICAL CENTER'S RADIOLOGY DEPARTMENT WITH TWO CT SCANNERS, MRI, NUCLEAR MEDICINE AND A WOMEN'S DIAGNOSTIC CENTER, NO OTHER HOSPITALIN THE REGION CAN PROVIDE YOU THE LEVEL OF CARE THAT WE OFFER SURGICAL SERVICES IS ANOTHER AREA THAT HAS INVESTED IN THE LATEST MINIMALLYINVASIVE TECHNOLOGY AND SOPHISTICATED EQUIPMENT WITH FIVE OF THE REGIONS NEWEST AND BEST EQUIPPED OPERATING ROOMS AND THE LARGEST GISUITE, MARIA PARHAM PROVIDES YOU WITH EXPERTISE COMPARABLE TO LARGER, ACADEMIC FACILITIES OTHER SERVICES OFFERED INCLUDE CARDIACCATHETERIZATION, SLEEP STUDIES, CARDIOVASCULAR SERVICES AND THE REGION'S ONLY ACCREDITED RESPIRATORY CARE DEPARTMENT MEDICAL ANDRADIATION ONCOLOGY PROGRAMS AFFILIATED WITH DUKE UNIVERSITY HEALTH SYSTEM ARE RECOGNIZED FOR CUTIING EDGE TECHNOLOGY AND SUPERIORCUNICIANS THE ORGANIZATION'S OPERATIONS TRANSFERRED TO A NEW JOINT VENTURE ON NOVEMBER 1, 2011 MARIA PARHAM MEDICAL CENTER, INC (NOWHENDERSON/VANCE HEALTHCARE, INC ) AND ITS AFFILIATED ORGANIZATIONS (WHICH INCLUDE MARIA PARHAM ANESTHESIA AND PHYSIATRY CENTER, INC )ENTERED INTO A TRANSACTION WITH DLP MARIA PARHAM MEDICAL CENTER LLC, A JOINT VENTURE COMPRISED OF MPMC AND DLP HEALTHCARE, LLC DLPHEALTHCARE IS A JOINT VENTURE OF LIFEPOINT HOSPITALS, INC AND DUKE UNIVERSITY HEALTH SYSTEM THE JOINT VENTURE BECAME THE NEW OWNER ANDOPERATOR OF THE HOSPITAL

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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 $0
Program Service Revenue $617,103
Investment Income $1,323,841
Other Revenue $29,256
TOTAL REVENUE $1,970,200

Expense Breakdown

Grants Paid $978,640
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,056,284
Other Expenses $77,644
TOTAL EXPENSES $1,056,284

Year-over-Year Comparison

2023 2022 Change
Revenue $1,970,200 $905,411 +1.2%
Expenses $1,056,284 $989,320 +0.1%
Net Income $913,916 $-83,909 -11.9%
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

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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
7
Independent Members
7
Employees
N/A
Volunteers
N/A

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
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL H BRAFFORD BOARD MEMBER 1.00
Director
$0 $0 $0
W RODWELL DRAKE JR MD TREASURER 1.00
Officer Director
$0 $0 $0
DAVID CARVER CHAIRMAN 1.00
Officer Director
$0 $0 $0
RUTH JONES BOARD MEMBER 1.00
Director
$0 $0 $0
WOODY CAUDLE SECRETARY 1.00
Officer Director
$0 $0 $0
CHIP HIGHT BOARD MEMBER 1.00
Director
$0 $0 $0
MACK CHOPLIN BOARD MEMBER 1.00
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 $1,970,200 $1,056,284 $56,765,895 $913,916
2023 $905,411 $989,320 $55,863,955 $-83,909
2022 $-3,030,416 $582,752 $55,978,988 $-3,613,168
2021 $9,930,276 $663,975 $59,618,088 $9,266,301
2020 $3,845,949 $639,057 $50,360,950 $3,206,892
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