North Carolina Healthcare Engineers Association Inc

EIN: 561397736 Mutual Benefit

Durham, NC

Total Revenue
$1,265,167
Total Expenses
$1,278,263
Total Assets
$737,125
Net Assets
$737,101
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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
1952
Legal Domicile
NC
Phone
8282741531
Tax Period
2023-10-01 to 2024-09-30

North Carolina Healthcare Engineers Association Inc, founded in 1952, is a community nonprofit in the Mutual Benefit sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum.

Mission

North Carolina Healthcare Engineers Associaton seeks to promote education for healthcare engineers on a variety of subjects as they relate to the healthcare engineering field.

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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 (2023)

Revenue Breakdown

Contributions & Grants $104,527
Program Service Revenue $1,131,570
Investment Income $0
Other Revenue $29,070
TOTAL REVENUE $1,265,167

Expense Breakdown

Grants Paid $17,500
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $1,260,763
TOTAL EXPENSES $1,278,263

Year-over-Year Comparison

2023 2022 Change
Revenue $1,265,167 $1,036,469 +0.2%
Expenses $1,278,263 $900,436 +0.4%
Net Income $-13,096 $136,033 -1.1%
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
30
Independent Members
30
Employees
N/A
Volunteers
30

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
$0
Total Directors
30
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jerry Thompson President 2.0
Officer Director
$0 $0 $0
Keith Einsmann Treasurer 2.0
Officer Director
$0 $0 $0
Matt Olson Secretary 2.0
Officer Director
$0 $0 $0
Ashley Head Board Member 2.0
Director
$0 $0 $0
Bryan Cornett Board Member 2.0
Director
$0 $0 $0
Cara Greening Board Member 2.0
Director
$0 $0 $0
Cecil Watson Board Member 2.0
Director
$0 $0 $0
Christine Farriss Board Member 2.0
Director
$0 $0 $0
Clarence Jones Board Member 2.0
Director
$0 $0 $0
Debbie Gilbert Board Member 2.0
Director
$0 $0 $0
Derrick Cobb Board Member 2.0
Director
$0 $0 $0
Eddie Smyer Board Member 2.0
Director
$0 $0 $0
Erin DeBerardinis Board Member 2.0
Director
$0 $0 $0
Jeff Forsyth Immediate Past President 2.0
Director
$0 $0 $0
Jeffrey Fuller Board Member 2.0
Director
$0 $0 $0
Jerry Shepard Board Member 2.0
Director
$0 $0 $0
Lee Robeson Board Member 2.0
Director
$0 $0 $0
Michael D Roberts Board Member 2.0
Director
$0 $0 $0
Michael Rich Board Member 2.0
Director
$0 $0 $0
Mike Cooke Board Member 2.0
Director
$0 $0 $0
Naomi Reale Board Member 2.0
Director
$0 $0 $0
Philip A Johnson President Elect 2.0
Director
$0 $0 $0
Robert Melton Board Member 2.0
Director
$0 $0 $0
Scott Martin Board Member 2.0
Director
$0 $0 $0
Shawn Parker Board Member 2.0
Director
$0 $0 $0
Thomas Reoch Board Member 2.0
Director
$0 $0 $0
Todd Tainter Board Member 2.0
Director
$0 $0 $0
Tye Frost Board Member 2.0
Director
$0 $0 $0
William Braddy Board Member 2.0
Director
$0 $0 $0
Wilma Joyner Board Member 2.0
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
2024 $1,265,167 $1,278,263 $737,125 $-13,096
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