North Carolina Health Care Facilities Association Inc

EIN: 560746687

Raleigh, NC

Total Revenue
$5,656,172
Total Expenses
$4,581,710
Total Assets
$9,605,747
Net Assets
$5,617,173
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1956
Legal Domicile
NC
Principal Officer
James A Sholar
Phone
9197823827
Tax Period
2024-01-01 to 2024-12-31

North Carolina Health Care Facilities Association Inc, founded in 1956, is a community nonprofit that reported $5.7M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. The organization ran a surplus of $1.1M, a strong 19% operating margin.

Mission

Membership organization for skilled nursing facilities in North Carolina

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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 (2024)

Revenue Breakdown

Contributions & Grants $4,303,758
Program Service Revenue $916,001
Investment Income $306,629
Other Revenue $129,784
TOTAL REVENUE $5,656,172

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,013,114
Fundraising Expenses $0
Program Expenses $3,692,755
Other Expenses $2,568,596
TOTAL EXPENSES $4,581,710

Year-over-Year Comparison

2024 2023 Change
Revenue $5,656,172 $6,486,547 -0.1%
Expenses $4,581,710 $4,298,577 +0.1%
Net Income $1,074,462 $2,187,970 -0.5%
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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Governance

Voting Members
15
Independent Members
16
Employees
8
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
$1,188,877
Total Directors
16
$747,999
Key Employees
3
$1,188,877
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
James A Sholar President/CEO 040.00
Officer Director Key Emp Highest
$747,999 $0 $747,999
Samuel Clark VP Finance 040.00
Officer Key Emp
$257,672 $0 $257,672
Karen O Lennon VP Education member services 040.00
Officer Key Emp
$183,206 $0 $183,206
Max Mason First vice chair 001.00
Director
$0 $0 $0
Rob Peck District 2 vice chair 001.00
Director
$0 $0 $0
Ted Goins Immediate past chair 001.00
Director
$0 $0 $0
Grant Hollowell Independent owner vice chair 001.00
Director
$0 $0 $0
Neil Pruitt National multi-facility vice chair 001.00
Director
$0 $0 $0
Amy Huntley District 4 vice chair 001.00
Director
$0 $0 $0
Ben Cohen District III vice chair 001.00
Director
$0 $0 $0
Todd Nunn Secretary / treasurer 001.00
Director
$0 $0 $0
Jennifer Robinson District V vice chair 001.00
Director
$0 $0 $0
Jim Schmidlin Member at large 001.00
Director
$0 $0 $0
Paul Babinski Chair 001.00
Director
$0 $0 $0
Tom Gatewood III District 1 vice chair 001.00
Director
$0 $0 $0
Gale Bolce Multi-facility vice chair 001.00
Director
$0 $0 $0
Ashley Jones Non-proprietary vice chair 001.00
Director
$0 $0 $0
Bill Weisberg Member at large 001.00
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 $5,656,172 $4,581,710 $9,605,747 $1,074,462
2023 $6,486,547 $4,298,577 $5,143,411 $2,187,970
2022 $4,495,154 $4,232,889 $6,276,250 $262,265
2021 $10,174,822 $9,381,233 $7,250,917 $793,589
2020 $22,341,171 $21,630,190 $11,963,424 $710,981
2019 $4,007,531 $3,848,967 $1,459,717 $158,564
2018 $3,923,731 $3,656,230 $1,169,530 $267,501
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