MOUNTAIN AREA HEALTH EDUCATION CEN… - Form 990 Financial Data

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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

1974

Legal Domicile

Principal Officer

WILLIAM R HATHAWAY MD

Phone

8282574400

Tax Period

2023-07-01 to 2024-06-30

MOUNTAIN AREA HEALTH EDUCATION CENTER INC, founded in 1974, is a major nonprofit in the Education sector that reported $129.2M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

THE NC AHEC PROGRAM PROVIDES AND SUPPORTS EDUCATIONAL ACTIVITIES AND SERVICES WITH A FOCUS ON PRIMARY CARE IN RURAL COMMUNITIES AND THOSE WITH LESS ACCESS TO RESOURCES TO RECRUIT, TRAIN, AND RETAIN THE WORKFORCE NEEDED TO CREATE A HEALTHY NORTH CAROLINA.

Program Service Accomplishments

Program 1

Expenses: $32,027,568 Revenue: $33,195,022

GRADUATED 21 FROM THREE-YEAR PROGRAMS BASED IN ONE URBAN AND TWO RURAL FAMILY HEALTH CENTERS. . HOSPICE/PALLIATIVE CARE GRADUATED 0. SPORTS MEDICINE FELLOWS GRADUATED 4. ADDICTION MEDICINE FELLOWS...

GRADUATED 21 FROM THREE-YEAR PROGRAMS BASED IN ONE URBAN AND TWO RURAL FAMILY HEALTH CENTERS. . HOSPICE/PALLIATIVE CARE GRADUATED 0. SPORTS MEDICINE FELLOWS GRADUATED 4. ADDICTION MEDICINE FELLOWS GRADUATED 4. TRANSITIONAL YEAR RESIDENCY GRADUATED 13. SERVICES PROVIDED IN THE HEALTH CENTERS RESULTED IN 105,648 PATIENT ENCOUNTERS. FAMILY MEDICINE PROVIDED $406,776 IN CHARITY CARE.

Program 2

Expenses: $22,968,820 Revenue: $19,035,185

GRADUATED 5 FROM FOUR-YEAR PROGRAM BASED IN OUR WOMEN'S HEALTH CENTER, A HIGH RISK MATERNITY AND OTHER CARE CLINIC SERVING OUR 16-COUNTY REGION. SERVICES PROVIDED IN THE HEALTH CENTERS RESULTED IN...

GRADUATED 5 FROM FOUR-YEAR PROGRAM BASED IN OUR WOMEN'S HEALTH CENTER, A HIGH RISK MATERNITY AND OTHER CARE CLINIC SERVING OUR 16-COUNTY REGION. SERVICES PROVIDED IN THE HEALTH CENTERS RESULTED IN 69,297 PATIENT ENCOUNTERS AND 2,421 DELIVERIES. INCLUDED IN THESE VOLUMES ARE HIGH-RISK MATERNAL FETAL MEDICAL SERVICES PROVIDED TO THE 16 COUNTIES IN WESTERN NORTH CAROLINA. OBSTETRICS AND GYNECOLOGY PROVIDED $661,446 IN CHARITY CARE.

Program 3

Expenses: $20,384,546 Revenue: $22,179,635

UNC HEALTH SCIENCES AT MAHEC INCLUDES THE UNC SCHOOL OF MEDICINE ASHEVILLE CAMPUS, A MASTER OF PUBLIC HEALTH PROGRAM LED BY UNC GILLINGS SCHOOL OF GLOBAL PUBLIC HEALTH, AND INNOVATIVE EDUCATIONAL AND RESEARCH COLLABORATIONS WITH UNC ESHELMAN SCHOOL OF PHARMACY. UNC HEALTH SCIENCES AT MAHEC IS SUPPORTED AND INFORMED BY MAHEC'S DEPARTMENT OF RESEARCH AND LIBRARY SCIENCE , WHICH FOCUSES ON RURAL HEALTHCARE WORKFORCE DEVELOPMENT, ACADEMIC MEDICINE, CLINICAL RESEARCH, AND PRACTICE TRANSFORMATION TO IMPROVE PATIENT, COMMUNITY, AND POPULATION HEALTH. ALL PROGRAMS UNDER THE UMBRELLA OF UNC HEALTH SCIENCES AT MAHEC ENCOURAGE LEARNERS TO TRAIN WITH RURAL PROFESSIONALS, DEVELOP A DEEP APPRECIATION FOR RURAL VALUES, AND CONTRIBUTE TO IMPROVING THE QUALITY OF LIFE AND HEALTH IN COMMUNITIES ACROSS WNC.

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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 $2,006,143

Program Service Revenue $125,620,885

Investment Income $1,543,445

Other Revenue $0

TOTAL REVENUE $129,170,473

Expense Breakdown

Grants Paid $0

Salaries & Benefits $92,688,721

Fundraising Expenses $0

Program Expenses $122,601,633

Other Expenses $36,139,211

TOTAL EXPENSES $128,827,932

Year-over-Year Comparison

	2023	2022	Change
Revenue	$129,170,473	$115,591,737	+0.1%
Expenses	$128,827,932	$114,116,353	+0.1%
Net Income	$342,541	$1,475,384	-0.8%

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

1337

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

$759,048

Total Directors

Key Employees

$281,810

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CASEY COOPER	CHAIR	1.00	Director	$0	$0	$0
STEPHANIE ALEXANDER MBA	MEMBER	1.00	Director	$0	$0	$0
MELINA ARROWWOOD	MEMBER	1.00	Director	$0	$0	$0
W LOUIS BISSETTE JR	MEMBER	1.00	Director	$0	$0	$0
ROBERT A BLOUIN PHARMD	MEMBER	1.00	Director	$0	$0	$0
CAROL BURTON PHD	MEMBER	1.00	Director	$0	$0	$0
JOHN CRUMPLER	MEMBER	1.00	Director	$0	$0	$0
BRUCE DEIGHTON PHD	MEMBER	1.00	Director	$0	$0	$0
HUGH GREENE	MEMBER	1.00	Director	$0	$0	$0
CARLA HENRY	MEMBER	1.00	Director	$0	$0	$0
JAMES M KIRBY II	MEMBER	1.00	Director	$0	$0	$0
JENNY LOPEZ	MEMBER	1.00	Director	$0	$0	$0
MARIANNE MARTINEZ MPA	MEMBER	1.00	Director	$0	$0	$0
FRAN PASCHALL MBA DNP RN CEND	MEMBER	1.00	Director	$0	$0	$0
AVRIL PINDER	MEMBER	1.00	Director	$0	$0	$0
ROBBY RUSSELL	MEMBER	1.00	Director	$0	$0	$0
CAROL STEEN MBA PHR SHRM-CP	MEMBER	1.00	Director	$0	$0	$0
ALAN D STILES MD	MEMBER	1.00	Director	$0	$0	$0
JACKSON TEAGUE DDS	MEMBER	1.00	Director	$0	$0	$0
DARIN WATERS PHD	MEMBER	1.00	Director	$0	$0	$0
WILLIAM R HATHAWAY MD	CEO	55.00	Officer	$528,967	$13,390	$542,357
BENJAMIN LEVIN	CHIEF FINANCIAL OFFICER	55.00	Officer	$195,030	$21,661	$216,691
BRYAN HODGE	CHIEF ACADEMIC OFFICER	55.00	Key Emp	$258,849	$22,961	$281,810
CAROL COULSON	DIVISION DIRECTOR, MATERNAL FETAL MEDICINE	55.00	Highest	$478,078	$16,519	$494,597
LISA FOGLIA	MATERNAL FETAL MEDICINE PHYSICIAN FACULTY	55.00	Highest	$432,806	$0	$432,806
ROBYN LATESSA	FORMER CHIEF ACADEMIC OFFICER	55.00	Highest	$381,485	$6,902	$388,387
ELIZABETH BUYS	FORMER CHAIR, DEPARTMENT OF OBSTETRICS AND GYNECOL	55.00	Highest	$350,099	$17,992	$368,091
STEPHEN BUIE	FORMER CHAIR, PSYCHIATRY	55.00	Highest	$311,874	$0	$311,874

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
2025	No data	No data	No data	No data
2024	$129,170,473	$128,827,932	$113,870,479	$342,541
2023	$115,591,737	$114,116,353	$116,017,452	$1,475,384
2022	$109,371,982	$98,432,789	$103,807,800	$10,939,193
2021	$90,541,448	$79,893,678	$95,009,943	$10,647,770
2020	$76,523,129	$68,689,968	$84,046,710	$7,833,161
2019	$73,987,809	$64,599,396	$79,517,983	$9,388,413
2018	$67,012,692	$58,597,258	$64,973,975	$8,415,434

MOUNTAIN AREA HEALTH EDUCATION CENTER INC