ANC McDowell Hospital Inc

EIN: 560623938 501(c)(3) Health Care

WINTER PARK, FL

Total Revenue
$24,410,835
Total Expenses
$20,319,311
Total Assets
N/A
Net Assets
N/A
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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
1927
Legal Domicile
NC
Principal Officer
MATTHEW RUBIN
Phone
8475832804
Tax Period
2018-10-01 to 2019-09-30

ANC McDowell Hospital Inc, founded in 1927, is a mid-sized nonprofit in the Health Care sector that reported $24.4M in total revenue in fiscal year 2018. Revenue fell 65% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $4.1M, a strong 17% operating margin.

Mission

TO IMPROVE THE HEALTH OF THE PEOPLE OF WESTERN NORTH CAROLINA AND THE SURROUNDING 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%)

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Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $5,500
Program Service Revenue $26,276,470
Investment Income $-1,871,135
Other Revenue $0
TOTAL REVENUE $24,410,835

Expense Breakdown

Grants Paid $50,260
Salaries & Benefits $7,834,011
Fundraising Expenses $0
Program Expenses $18,182,917
Other Expenses $12,435,040
TOTAL EXPENSES $20,319,311

Year-over-Year Comparison

2018 2017 Change
Revenue $24,410,835 $70,227,758 -0.7%
Expenses $20,319,311 $70,782,563 -0.7%
Net Income $4,091,524 $-554,805 -8.4%
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

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Governance

Voting Members
2
Independent Members
2
Employees
489
Volunteers
2

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
9
$310,121
Total Directors
16
$2,264,807
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TIM BLENCO CHAIR END JAN 2019 2.0
Officer Director
$0 $0 $0
STEVE JONES VICE CHAIR END JAN 2019 2.0
Officer Director
$0 $0 $0
LEE LATTIMORE SECRETARY/TREASURER END JAN 19 2.0
Officer Director
$0 $0 $0
BOBBIE YOUNG IMMEDIATE PASTCHAIR END JAN 19 1.0
Officer Director
$0 $0 $0
HAROLD WALKER TRUSTEE END JAN 2019 1.0
Director
$0 $0 $0
SHERRON CRAWFORD TRUSTEE END JAN 2019 1.0
Director
$0 $0 $0
JEFFREY RANKIN TRUSTEE END JAN 2019 1.0
Director
$0 $0 $0
RAY MCKESSON TRUSTEE END JAN 2019 1.0
Director
$0 $0 $0
KATHY GUYETTE TRUSTEE END JAN 2019 1.0
Director
$0 $109,967 $775,188
LARRY HILL JR TRUSTEE END JAN 2019 1.0
Director
$0 $55,024 $408,053
JONATHAN BAILEY TRUSTEE END JAN 2019 1.0
Director
$0 $47,885 $410,962
MARGARET SULLIVAN MD TRUSTEES, C.O.S END JAN 2019 40.0
Director
$0 $25,027 $360,483
REX HENDERSON MD TRUSTEE, P.C.O.S END JAN 2019 10.0
Director
$0 $0 $0
CAROL WOLFENBARGER PRESIDENT & CNO END JAN 2019 49.0
Officer Director
$0 $29,014 $310,121
DR John Garrett CHAIR 0.25
Officer Director
$0 $0 $0
Tom Maher Vice Chair 0.25
Officer Director
$0 $0 $0
NEIL LURIA CEO & CHIEF WIND-DOWN OFF. 0.25
Officer
$0 $0 $0
MATTHEW RUBIN CFO, SEC, TREAS. 0.25
Officer
$0 $0 $0
DANIEL MCLAUGHLIN PHYSICIAN 40.0
Highest
$449,721 $26,590 $476,311
EDWARD ST BERNARD PHYSICIAN 40.0
Highest
$463,485 $35,531 $499,016
MARK MUELLER PHYSICIAN 40.0
Highest
$648,021 $35,624 $683,645
ROBERT RODDENBERRY PHYSICIAN 40.0
Highest
$371,902 $7,414 $379,316
ADAM KINNINGER PHYSICIAN 40.0
Highest
$349,313 $28,787 $378,100
CLINT STEWART FORMER REGIONAL DIR FIN 8/18 24.0
$0 $19,489 $122,919
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
2019 $24,410,835 $20,319,311 No data $4,091,524
2018 $70,227,758 $70,782,563 $80,173,406 $-554,805
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