OCRACOKE HEALTH CENTER INC

EIN: 561273237 501(c)(3) Health Care

OCRACOKE, NC

Total Revenue
$4,331,426
Total Expenses
$5,037,959
Total Assets
$3,595,428
Net Assets
$2,784,254
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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
1980
Legal Domicile
NC
Principal Officer
JAMIE CARTER
Phone
2529281511
Tax Period
2024-02-01 to 2025-01-31

OCRACOKE HEALTH CENTER INC, founded in 1980, is a community nonprofit in the Health Care sector that reported $4.3M in total revenue in fiscal year 2024. Expenses of $5.0M exceeded revenue, resulting in a 16% operating deficit.

Mission

PROVIDE MEDICAL CARE AND OUTREACH TO UNDERUTILIZED COMMUNITY

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,430,165
Program Service Revenue $2,909,881
Investment Income $8
Other Revenue $-8,628
TOTAL REVENUE $4,331,426

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,625,545
Fundraising Expenses $0
Program Expenses $3,641,925
Other Expenses $1,412,414
TOTAL EXPENSES $5,037,959

Year-over-Year Comparison

2024 2023 Change
Revenue $4,331,426 $4,065,113 +0.1%
Expenses $5,037,959 $4,413,728 +0.1%
Net Income $-706,533 $-348,615 +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

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Governance

Voting Members
12
Independent Members
12
Employees
67
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
2
$365,496
Total Directors
12
$0
Key Employees
1
$204,482
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHANNON SAWIN PHYSICIAN 40.00
Key Emp
$188,851 $15,631 $204,482
JEREMY SEXTON CHIEF MED OF 40.00
Officer
$183,216 $14,415 $197,631
JOSEPH ROCKENSTEIN PRESIDENT & 40.00
Officer
$141,882 $25,983 $167,865
CHRISTIE WOOLARD PHARMACIST 40.00
Highest
$134,460 $14,557 $149,017
WENDY HOLCOMB PHARMACIST 40.00
Highest
$127,017 $14,114 $141,131
LAUREN GAINES NURSE PRACTI 40.00
Highest
$100,025 $8,783 $108,808
MICHAEL ADAMS BOARD VICE C 1.00
Director
$0 $0 $0
SUSAN DODD SECRETARY 1.00
Director
$0 $0 $0
KATHRYN FEARING BOARD MEMBER 1.00
Director
$0 $0 $0
RANDALL FENNINGER BOARD MEMBER 1.00
Director
$0 $0 $0
CRYSTAL HARDT BOARD MEMBER 1.00
Director
$0 $0 $0
EARL PUGH JR BOARD MEMBER 1.00
Director
$0 $0 $0
ALICE KEENEY BOARD MEMBER 1.00
Director
$0 $0 $0
ART KEENEY BOARD MEMBER 1.00
Director
$0 $0 $0
JULIO MORALES TREASURER 1.00
Director
$0 $0 $0
DAVID MORRIS BOARD MEMBER 1.00
Director
$0 $0 $0
SUSAN PENTZ BOARD CHAIR 1.00
Director
$0 $0 $0
ROBERT WAYNE BOARD MEMBER 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 $4,331,426 $5,037,959 $3,595,428 $-706,533
2024 $4,065,113 $4,413,728 $4,115,013 $-348,615
2023 $3,464,281 $2,941,495 $4,451,737 $522,786
2022 $3,174,252 $2,534,879 $3,278,157 $639,373
2021 $2,321,167 $1,912,132 $2,866,330 $409,035
2020 $2,402,243 $2,108,837 $2,090,610 $293,406
2019 $1,733,688 $1,834,408 $1,857,130 $-100,720
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