NORTH CAROLINA BAPTIST HOSPITAL FOUNDATION

EIN: 561685120 501(c)(3) Health Care

WINSTON SALEM, NC

Total Revenue
$1,019,647
Total Expenses
$1,097,917
Total Assets
$54,516,770
Net Assets
$54,506,222
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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
NC
Principal Officer
BRADLEY A CLARK
Phone
3367164445
Tax Period
2023-01-01 to 2023-12-31

NORTH CAROLINA BAPTIST HOSPITAL FOUNDATION, founded in 1986, is a community nonprofit in the Health Care sector that reported $1.0M in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring. Net assets of $54.5M represent 641 months of operating reserves.

Mission

TO OPERATE AND CARRY OUT THE FUNCTIONS AND PURPOSES OF NORTH CAROLINA BAPTIST HOSPITAL AND TO MAKE CHARITABLE DONATIONS

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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 $2,384
Program Service Revenue $0
Investment Income $1,017,263
Other Revenue $0
TOTAL REVENUE $1,019,647

Expense Breakdown

Grants Paid $1,071,031
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,088,907
Other Expenses $26,886
TOTAL EXPENSES $1,097,917

Year-over-Year Comparison

2023 2022 Change
Revenue $1,019,647 $1,445,824 -0.3%
Expenses $1,097,917 $1,080,830 +0.0%
Net Income $-78,270 $364,994 -1.2%
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
6
Independent Members
6
Employees
N/A
Volunteers
6

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
$2,596,279
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRADLEY A CLARK TREASURER 0.50
Officer
$1,431,976 $144,795 $1,576,771
J MCLAIN WALLACE JR SECRETARY 2.00
Officer
$983,574 $35,934 $1,019,508
A LEE HERRING BOARD MEMBER 2.00
Director
$0 $0 $0
ARTHUR A GIBEL BOARD MEMBER 2.00
Director
$0 $0 $0
EDWIN L WELCH JR CHAIR (TO 12/31/23) 3.00
Officer Director
$0 $0 $0
SHEREE B WATSON BOARD MEMBER 2.00
Director
$0 $0 $0
STEPHEN L ROBERTSON BOARD MEMBER 2.00
Director
$0 $0 $0
WILLIAM C WARDEN JR BOARD MEMBER 2.00
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
2024 No data No data No data No data
2023 $1,019,647 $1,097,917 $54,516,770 $-78,270
2022 $1,445,824 $1,080,830 $53,724,183 $364,994
2021 $16,217,627 $317,176 $61,922,470 $15,900,451
2021 $4,633,115 $960,047 $47,060,416 $3,673,068
2020 $1,534,678 $937,350 $38,371,249 $597,328
2019 $2,274,133 $1,170,877 $36,578,640 $1,103,256
2018 $2,269,880 $1,456,424 $35,009,030 $813,456
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