WAKE COUNTY MEDICAL SOCIETY

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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

1990

Legal Domicile

Principal Officer

JOHN PERRY MD

Phone

9198333836

Tax Period

2025-01-01 to 2025-12-31

WAKE COUNTY MEDICAL SOCIETY, founded in 1990, is a micro nonprofit that reported $35K in total revenue in fiscal year 2025. Revenue fell 48% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $12K, a strong 35% operating margin.

Mission

TO PROMOTE THE PRACTICE OF MEDICINE AND ADVOCATE FOR THE RIGHTS OF PATIENTS TO QUALITY MEDICAL CARE.

Program Service Accomplishments

Program 1

PROMOTED THE PRACTICE OF MEDICINE, PROVIDED INFORMATION TO MEMBERS, AND ADVOCATED FOR THE RIGHTS OF PATIENTS TO QUALITY MEDICAL CARE.

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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 (2025)

Revenue Breakdown

Contributions & Grants $26,270

Program Service Revenue $0

Investment Income $8,774

Other Revenue $0

TOTAL REVENUE $35,044

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $22,903

TOTAL EXPENSES $22,903

Year-over-Year Comparison

	2025	2024	Change
Revenue	$35,044	$67,599	-0.5%
Expenses	$22,903	$54,952	-0.6%
Net Income	$12,141	$12,647	0.0%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN PERRY MD	PRESIDENT	1.00	Officer Director	$0	$0	$0
TED KUNSTLING MD	PAST PRESIDE	1.00	Officer Director	$0	$0	$0
SHARON FOSTER MD	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
DAVID GREMILLION MD	TREASURER	1.00	Officer Director	$0	$0	$0
ROBERT MUNT MD	DIRECTOR	1.00	Director	$0	$0	$0
KAREN BASH MD	DIRECTOR	1.00	Director	$0	$0	$0
SHERRY WANG MD	DIRECTOR	1.00	Director	$0	$0	$0
SUSHEEL ATREE MD	DIRECTOR	1.00	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
2025	$35,044	$22,903	$420,025	$12,141
2024	$67,599	$54,952	$370,878	$12,647
2023	$79,184	$60,161	$367,812	$19,023
2022	$72,627	$46,076	$307,471	$26,551
2021	$81,514	$60,774	$353,160	$20,740
2020	$83,978	$71,363	$297,777	$12,615
2019	$80,151	$72,154	$288,413	$7,997
2018	$90,819	$77,857	$219,211	$12,962