HALIFAX REGIONAL MEDICAL CENTER INC

EIN: 560989789 501(c)(3) Health Care

ROANOKE RAPIDS, NC

Total Revenue
$101,675,102
Total Expenses
$104,590,665
Total Assets
$82,510,666
Net Assets
$49,131,091
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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
1972
Legal Domicile
NC
Principal Officer
WILL MAHONE
Phone
2525358011
Tax Period
2018-10-01 to 2019-09-30

HALIFAX REGIONAL MEDICAL CENTER INC, founded in 1972, is a major nonprofit in the Health Care sector that reported $101.7M in total revenue in fiscal year 2018. Revenue decreased 8% compared to the prior year.

Mission

TO IMPROVE THE HEALTH AND WELL-BEING OF EASTERN 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 (2018)

Revenue Breakdown

Contributions & Grants $174,864
Program Service Revenue $101,745,912
Investment Income $-256,734
Other Revenue $11,060
TOTAL REVENUE $101,675,102

Expense Breakdown

Grants Paid $0
Salaries & Benefits $44,758,646
Fundraising Expenses $0
Program Expenses $93,741,374
Other Expenses $59,832,019
TOTAL EXPENSES $104,590,665

Year-over-Year Comparison

2018 2017 Change
Revenue $101,675,102 $110,444,886 -0.1%
Expenses $104,590,665 $104,688,235 0.0%
Net Income $-2,915,563 $5,756,651 -1.5%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
14
Independent Members
12
Employees
986
Volunteers
50

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
$372,286
Total Directors
14
$24,610
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM MAHONE CEO 40.00
Officer Director
$0 $0 $0
FANNIE GREENE CHAIRWOMAN 1.00
Director
$2,100 $0 $2,100
DR NATARAJAN RAJAN MEMBER 1.00
Director
$1,450 $0 $1,450
EVELYN DAWSON MEMBER 1.00
Director
$1,250 $0 $1,250
TOM LYNCH MEMBER 1.00
Director
$2,100 $0 $2,100
DR LORENZO SANTARINA MEMBER 1.00
Director
$100 $0 $100
DR JOEY THOMAS MEMBER 1.00
Director
$10,760 $0 $10,760
BOB PATTERSON MEMBER 1.00
Director
$1,700 $0 $1,700
VERNON BRYANT MEMBER 1.00
Director
$700 $0 $700
HUGH BAZEMORE MEMBER 1.00
Director
$1,650 $0 $1,650
JOHNNY DRAPER MEMBER 1.00
Director
$700 $0 $700
JAMES PIERCE MEMBER 1.00
Director
$650 $0 $650
WILLIAM HODGE MEMBER 1.00
Director
$950 $0 $950
REV RANDY MARTIN MEMBER 1.00
Director
$500 $0 $500
SHERRY JENSEN CFO 40.00
Officer
$286,286 $86,000 $372,286
JASON HARRELL COO 40.00
Officer
$0 $0 $0
STEVEN HILL CRNA 40.00
Highest
$223,176 $44,854 $268,030
BRIAN SOMMER CRNA 40.00
Highest
$219,524 $36,906 $256,430
STEVEN ULSAS CRNA 40.00
Highest
$212,151 $49,000 $261,151
KENNETH HARTZ CRNA 40.00
Highest
$210,341 $49,000 $259,341
CLAUDE DIETTRICH CRNA 40.00
Highest
$206,607 $46,584 $253,191
KAREN DANIELS CNO 40.00
$126,366 $30,926 $157,292
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 $101,675,102 $104,590,665 $82,510,666 $-2,915,563
2018 $110,444,886 $104,688,235 $96,800,365 $5,756,651
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