REX HEALTHCARE 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

1986

Legal Domicile

Phone

9197843100

Tax Period

2024-07-01 to 2025-06-30

REX HEALTHCARE INC, founded in 1986, is a community nonprofit that reported $8.0M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion.

Mission

PRIMARY EXEMPT PURPOSE - TO OPERATE, PROMOTE AND ADVANCE CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES BY SUPPORTING AND OPERATING FOR THE BENEFIT OF ITS SOLE MEMBER, THE UNIVERSITY OF NORTH CAROLINA HEALTH CARE SYSTEM, AND ITS SUPPORTED ORGANIZATIONS.

Program Service Accomplishments

Program 1

Expenses: $7,613,261 Revenue: $1,245,683

TO OPERATE, PROMOTE AND ADVANCE CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES BY SUPPORTING AND OPERATING FOR THE BENEFIT OF ITS SOLE MEMBER, THE UNIVERSITY OF NORTH CAROLINA HEALTH CARESYSTEM...

TO OPERATE, PROMOTE AND ADVANCE CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES BY SUPPORTING AND OPERATING FOR THE BENEFIT OF ITS SOLE MEMBER, THE UNIVERSITY OF NORTH CAROLINA HEALTH CARESYSTEM, AND ITS SUPPORTED ORGANIZATIONS.

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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 $0

Program Service Revenue $1,245,683

Investment Income $272

Other Revenue $6,768,811

TOTAL REVENUE $8,014,766

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,017,457

Fundraising Expenses $0

Program Expenses $7,613,261

Other Expenses $3,020,279

TOTAL EXPENSES $8,037,736

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,014,766	$6,761,759	+0.2%
Expenses	$8,037,736	$6,873,049	+0.2%
Net Income	$-22,970	$-111,290	-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

N/A

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

$4,598,746

Total Directors

$7,416,789

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jeff Lindsay	Director/President & Chairman	1.0	Officer Director	$0	$351,426	$2,935,019
Will Bryant	Director/Treasurer & Secretary	1.0	Officer Director	$0	$242,645	$1,663,727
Lynne Fiscus MD	Director	1.0	Director	$0	$132,846	$926,181
Matthew Ewend MD	Director	1.0	Director	$0	$214,933	$1,891,862
Ernest Bovio Jr	Former Director	0.0		$0	$5,300	$124,570

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	$8,014,766	$8,037,736	$2,772,011	$-22,970
2024	$6,761,759	$6,873,049	$2,028,375	$-111,290
2023	$4,949,726	$4,969,754	$59,749,972	$-20,028
2022	$3,277,813	$3,278,544	$59,098,718	$-731
2021	No data	No data	$87,257,753	No data
2020	No data	No data	$43,521,631	No data