NORTH CAROLINA HEALTHCARE FOUNDATION INC (EIN 560773039) - 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

1961

Legal Domicile

Principal Officer

JULIA WACKER

Phone

9196772400

Tax Period

2023-01-01 to 2023-12-31

NORTH CAROLINA HEALTHCARE FOUNDATION INC, founded in 1961, is a community nonprofit in the Health Care sector that reported $5.3M in total revenue in fiscal year 2023.

Mission

TO FOSTER AND ACCELERATE THE COLLECTIVE IMPACT OF HOSPITALS, HEALTH SYSTEMS AND COMMUNITY PARTNERS TO IMPROVE THE HEALTH OF NORTH CAROLINIANS.

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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 $5,113,809

Program Service Revenue $0

Investment Income $170,358

Other Revenue $-7,471

TOTAL REVENUE $5,276,696

Expense Breakdown

Grants Paid $375,593

Salaries & Benefits $2,550,536

Fundraising Expenses $0

Program Expenses $5,278,149

Other Expenses $2,371,145

TOTAL EXPENSES $5,297,274

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,276,696	$4,901,892	+0.1%
Expenses	$5,297,274	$3,855,115	+0.4%
Net Income	$-20,578	$1,046,777	-1.0%

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

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

$2,908,431

Total Directors

$1,204,362

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VANESSA ERVIN	BOARD MEMBER	1.00	Director	$0	$0	$0
GREG GOMBAR	BOARD MEMBER	1.00	Director	$0	$0	$0
LIN B HOLLOWELL III	BOARD MEMBER	1.00	Director	$0	$0	$0
CHUCK MANTOOTH	BOARD MEMBER	1.00	Director	$0	$0	$0
ALLEN SMART	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL C TARWATER	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL R WALDRUM MD	BOARD MEMBER	1.00	Director	$0	$0	$0
PHYLLIS WINGATE	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHEN J LAWLER	PRESIDENT	7.50	Officer Director	$0	$44,412	$1,204,362
JOANN ANDERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JUAN AUSTIN	BOARD MEMBER	1.00	Director	$0	$0	$0
GREG LOWE	BOARD MEMBER	1.00	Director	$0	$0	$0
LYNDA STANLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
JODY FLEMING	SENIOR VICE PRESIDENT	1.00	Officer	$0	$53,140	$508,241
CODY HAND	SENIOR VICE PRESIDENT	1.00	Officer	$0	$19,385	$214,096
JEFFERY WEEGAR	CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$69,450	$372,489
LINWOOD JONES	GENERAL COUNSEL (RETIRED)	1.00	Officer	$0	$0	$136,189
MILLE HARDING	SENIOR VP (RETIRED)	0.00	Officer	$0	$0	$0
JULIA WACKER	SENIOR VICE PRESIDENT	1.00	Officer	$0	$44,176	$324,886
LAPONDA EDMONDSON	VICE PRESIDENT	1.00	Officer	$0	$19,697	$148,168
JILL ARMBRUSTER	DIRECTOR	1.00	Highest	$0	$17,186	$136,334
EMILY ROLAND	DIRECTOR	1.00	Highest	$0	$13,705	$119,422
DEAN HIGGINS	DIRECTOR	1.00	Highest	$0	$12,786	$119,161
SHELBY LASSITER	DIRECTOR	1.00	Highest	$0	$10,020	$119,452

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	$5,276,696	$5,297,274	$10,880,998	$-20,578
2022	$4,901,892	$3,855,115	$11,349,506	$1,046,777
2021	$5,315,507	$4,020,749	$9,829,729	$1,294,758
2020	$37,446,892	$35,828,710	$11,910,378	$1,618,182
2019	$5,873,123	$5,503,285	$6,804,352	$369,838

NORTH CAROLINA HEALTHCARE FOUNDATION INC