TRIANGLE NORTH HEALTHCARE FOUNDATION INC

EIN: 561560974 501(c)(3)

HENDERSON, NC

Total Revenue
$1,783,042
Total Expenses
$1,753,953
Total Assets
$17,658,502
Net Assets
$17,658,299
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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
1987
Legal Domicile
NC
Principal Officer
PAUL ROSS
Phone
2524308532
Tax Period
2024-10-01 to 2025-09-30

TRIANGLE NORTH HEALTHCARE FOUNDATION INC, founded in 1987, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Net assets of $17.7M represent 119 months of operating reserves.

Mission

TO ENCOURAGE, SUPPORT, AND INVEST IN QUALITY EFFORTS THAT MEASURABLY IMPROVE HEALTH.

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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 $914,000
Program Service Revenue $0
Investment Income $828,323
Other Revenue $40,719
TOTAL REVENUE $1,783,042

Expense Breakdown

Grants Paid $1,612,798
Salaries & Benefits $39,105
Fundraising Expenses $0
Program Expenses $1,612,798
Other Expenses $102,050
TOTAL EXPENSES $1,753,953

Year-over-Year Comparison

2024 2023 Change
Revenue $1,783,042 $1,541,193 +0.2%
Expenses $1,753,953 $1,545,977 +0.1%
Net Income $29,089 $-4,784 -7.1%
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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Governance

Voting Members
12
Independent Members
12
Employees
2
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
5
$26,000
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LYNNE GRIFFIN BOARD MEMBER 1.00
Director
$0 $0 $0
RUTH JONES BOARD MEMBER 1.00
Director
$0 $0 $0
EMILEE JOHNSON BOARD MEMBER 1.00
Director
$0 $0 $0
W RODWELL DRAKE JR MD BOARD MEMBER 1.00
Director
$0 $0 $0
DANA GREENWAY BOARD MEMBER 1.00
Director
$0 $0 $0
TERRI HEDRICK BOARD CHAIRPERSON 4.00
Officer Director
$0 $0 $0
HENRY W HIGHT JR BOARD VICE CHAIR 2.00
Officer Director
$0 $0 $0
WOODY CAUDLE BOARD MEMBER 1.00
Director
$0 $0 $0
DEMAURA HAWKINS RUSSELL MD BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL H BRAFFORD BOARD TREASURER 2.00
Officer Director
$0 $0 $0
BONITA HAWKINS BOARD SECRETARY 2.00
Officer Director
$0 $0 $0
ARCHIE TAYLOR JR BOARD MEMBER 1.00
Director
$0 $0 $0
GEORGE T BLACKBURN II INTERIM EXECUTIVE DIR. 20.00
Officer
$26,000 $0 $26,000
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 $1,783,042 $1,753,953 $17,658,502 $29,089
2024 $1,541,193 $1,545,977 $16,994,261 $-4,784
2023 $1,325,387 $1,158,607 $15,109,446 $166,780
2022 $1,276,957 $923,052 $14,190,253 $353,905
2021 $1,088,855 $1,201,077 $16,525,861 $-112,222
2020 $1,292,578 $695,786 $15,718,701 $596,792
2019 $1,474,527 $675,266 $14,564,115 $799,261
2018 $868,681 $604,078 $13,457,851 $264,603
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