GOSHEN MEDICAL CENTER INC

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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

1979

Legal Domicile

Principal Officer

CHESTER AYCOCK

Phone

9102671942

Tax Period

2024-01-01 to 2024-12-31

GOSHEN MEDICAL CENTER INC, founded in 1979, is a mid-sized nonprofit in the Health Care sector that reported $66.0M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $63.3M left a modest 4% surplus.

Mission

TO PROVIDE ACCESS TO AFFORDABLE HEALTH CARE FOR ALL PEOPLE IN EASTERN NORTH CAROLINA.

Program Service Accomplishments

Program 1

Expenses: $51,018,394

GOSHEN MEDICAL CENTER, INC. IS A PRIMARY HEALTH CLINIC ORGANIZED TO PROVIDE MEDICAL SERVICES TO UNDERSERVED AREAS IN EASTERN NORTH CAROLINA. THESE SERVICES INCLUDE MIGRANT HEALTH AND DENTAL CARE...

GOSHEN MEDICAL CENTER, INC. IS A PRIMARY HEALTH CLINIC ORGANIZED TO PROVIDE MEDICAL SERVICES TO UNDERSERVED AREAS IN EASTERN NORTH CAROLINA. THESE SERVICES INCLUDE MIGRANT HEALTH AND DENTAL CARE. FEES ARE ADJUSTED FOR THOSE WHO ARE EITHER UN- INSURED OR UNDER-INSURED.

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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 (2024)

Revenue Breakdown

Contributions & Grants $14,782,680

Program Service Revenue $45,351,064

Investment Income $1,793,733

Other Revenue $4,055,724

TOTAL REVENUE $65,983,201

Expense Breakdown

Grants Paid $0

Salaries & Benefits $26,182,800

Fundraising Expenses $0

Program Expenses $51,018,394

Other Expenses $37,136,683

TOTAL EXPENSES $63,319,483

Year-over-Year Comparison

	2024	2023	Change
Revenue	$65,983,201	$56,381,795	+0.2%
Expenses	$63,319,483	$49,920,926	+0.3%
Net Income	$2,663,718	$6,460,869	-0.6%

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

600

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

$702,210

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREGORY M BOUNDS	CEO	40.00	Officer	$651,252	$50,958	$702,210
CHESTER AYCOCK	BD CHAIRMAN	N/A	Officer Director	$0	$0	$0
PATRICIA DAVIS	SECRETARY	N/A	Officer Director	$0	$0	$0
MATTIE ATKINSON	VICE CHAIR	N/A	Officer Director	$0	$0	$0
JAMES ROA	TREASURER	N/A	Officer Director	$0	$0	$0
TANTY FREEMAN	MEMBER	N/A	Director	$0	$0	$0
EDITH DE SOSA	MEMBER	N/A	Director	$0	$0	$0
SYBIL MERKINSON	MEMBER	N/A	Director	$0	$0	$0
MELBA HARRELL	MEMBER	N/A	Director	$0	$0	$0
EMMA BRINSON	MEMBER	N/A	Director	$0	$0	$0
CARLE PATE JR	MEDICAL DIRE	40.00	Highest	$251,463	$40,066	$291,529
DAVID PARKER	PHYSICIAN	40.00	Highest	$195,756	$22,997	$218,753
FRANQUIL DIAZ	DENTAL DIREC	40.00	Highest	$203,693	$27,760	$231,453
RHONDA BARWICK	DEPUTY CHIEF	40.00	Highest	$264,517	$41,018	$305,535
MARIA ALVAREZ	PHYSICIAN	40.00	Highest	$176,872	$22,415	$199,287

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	$64,043,863	$63,420,409	$89,151,312	$623,454
2024	$65,983,201	$63,319,483	$89,153,270	$2,663,718
2023	$56,381,795	$49,920,926	$85,934,201	$6,460,869
2022	$60,939,655	$45,003,526	$79,862,475	$15,936,129
2021	$66,151,688	$44,972,210	$62,171,087	$21,179,478
2020	$56,212,509	$43,956,543	$42,237,358	$12,255,966
2019	$33,571,987	$32,146,341	$28,502,028	$1,425,646
2018	$32,138,257	$32,521,003	$27,277,673	$-382,746