NORTH CAROLINA BAPTIST HOSPITAL FO… - Form 990 Financial Data

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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

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 AS A CHARITABLE ORGANIZATION, TO MAKE CHARITABLE DONATIONS AND FURTHER TO OPERATE AND CARRY OUT THE FUNCTIONS AND PURPOSES OF NORTH CAROLINA BAPTIST HOSPITAL.

Program Service Accomplishments

Program 1

Expenses: $1,088,907 Revenue: $0

THE FOUNDATION WAS ESTABLISHED TO PROVIDE CHARITABLE FUNDING TO HELP MAINTAIN THE MISSION OF THE ORGANIZATION AND TO SUPPORT, PROMOTE, AND GENERALLY ADVANCE THE INTERESTS OF NORTH CAROLINA BAPTIST...

THE FOUNDATION WAS ESTABLISHED TO PROVIDE CHARITABLE FUNDING TO HELP MAINTAIN THE MISSION OF THE ORGANIZATION AND TO SUPPORT, PROMOTE, AND GENERALLY ADVANCE THE INTERESTS OF NORTH CAROLINA BAPTIST HOSPITAL IN THE PURSUIT OF ITS MINISTRIES OF HEALING. THE FOUNDATION PROVIDES SUPPORT TO THE HOSPITAL'S DIVISION OF FAITH AND HEALTH MINISTRIES AND ITS FAITHHEALTHNC INITIATIVE TO IMPROVE HEALTH WITHIN THE COMMUNITY AND BETTER ACCESS TO CARE.

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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 (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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$2,596,279

Total Directors

Key Employees

Highest Compensated

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

NORTH CAROLINA BAPTIST HOSPITAL FOUNDATION