THE HEALTH FOUNDATION INC

EIN: 561745194 501(c)(3) Health Care

NORTH WILKESBORO, NC

Total Revenue
$1,831,037
Total Expenses
$1,609,937
Total Assets
$6,088,810
Net Assets
$3,793,909
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
NC
Principal Officer
DAVID SHELTON
Phone
3368381949
Tax Period
2023-01-01 to 2023-12-31

THE HEALTH FOUNDATION INC, founded in 1991, is a community nonprofit in the Health Care sector that reported $1.8M in total revenue in fiscal year 2023. Expenses of $1.6M left a modest 12% surplus.

Mission

TO IMPROVE THE HEALTH AND WELL-BEING OF THE PEOPLE IN OUR COMMUNITIES.

Program Service Accomplishments

Program 1
Expenses: $92,778 Revenue: $92,510

SCHOLARSHIP - THE HEALTH FOUNDATION PROVIDES SCHOLARSHIPS TO STUDENTS ENTERING ALLIED HEALTH CARE PROFESSIONS WHO HAVE EXPRESSED AN INTEREST IN WORKING IN WILKES OR SURROUNDING COUNTIES IN WESTERN...

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SCHOLARSHIP - THE HEALTH FOUNDATION PROVIDES SCHOLARSHIPS TO STUDENTS ENTERING ALLIED HEALTH CARE PROFESSIONS WHO HAVE EXPRESSED AN INTEREST IN WORKING IN WILKES OR SURROUNDING COUNTIES IN WESTERN NORTH CAROLINA. THIS PROGRAM HELPS DECREASE THE PERCENTAGE OF PEOPLE LIVING IN POVERTY, AS HEALTH CAR PROFESSIONS TYPICALLY PROVIDE BETTER LIVING WAGE JOBS. ACADEMIC ACHEIVEMENT AND WEALTH CORRESPOND TO BETTER HEALTH OUTCOMES AS WEALTHIER PEOPLE HAVE BETTER OPPORTUNITIES TO LIVE HEALTHIER LIVES. WILKES COUNTY ALSO EXPERIENCES SHORTAGES OF HEALTH PROFESSIONALS AND THIS PROVIDES AN ENTRY POINT TO RECRUIT HEALTH CARE PROFESSIONALS, WHICH IN TURN, INCREASES ACCESS TO CARE IN A RURAL, UNDERSERVED COMMUNITY.

Program 2
Expenses: $571,165 Revenue: $569,518

PREVENTION - WITH AN UNDERSTANDING THAT HEALTH IS AFFECTED BY THE PLACES PEOPLE LIVE, WORK, PLAY, PRAY, AND LEARN, THE FOUNDATION UTILITZES A FORMAL COLLECTIVE IMPACT FRAMEWORK COUPLED WITH...

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PREVENTION - WITH AN UNDERSTANDING THAT HEALTH IS AFFECTED BY THE PLACES PEOPLE LIVE, WORK, PLAY, PRAY, AND LEARN, THE FOUNDATION UTILITZES A FORMAL COLLECTIVE IMPACT FRAMEWORK COUPLED WITH HUMAN-CENTERED DESIGN TO LEAD THE FOLLOWING LOCAL COALITIONS ADDRESSING HEALTHY EATING, ACTIVE LIVING, RESILIENCY, AND OPIOID USE DISORDER:THE WILKES RESILIENCY COLLABERATIVE, ADDRESSING THE GENERATIONAL TRAUMAS CAUSED BY ABUSE, NEGLECT, MENTAL ILLNESS, FAMILY SEPARATION AND THEIR EFFECTS ON HEALTH OUTCOMES (ADVERSE CHILDHOOD EXPERIENCES).THE COMMUNITY OPIOID RESPONSE AND EDUCATION TEAM, A BROAD CROSS-SECTOR COLLABORATIVE IDENTIFYING AND IMPLEMENTING COMMUNITY-BASED STRATEGIES TO MITIGATE THE EFFECTS OF SUBSTANCE USE DISORDERS AND MENTAL HEALTH DISORDERS. THIS INCLUDES THE CREATION OF A CRISIS INTERVENTION TEAM TO ALIGN EMS AND LAW ENFORCEMENT RESPONSES TO 9-1-1 AND 9-8-8.THE OUTDOOR ECONOMY WORKING GROUP, A BROAD CROSS-SECTOR COLLABORATIVE IMPLEMENTING A 15-YEAR OUTDOOR INFRASTRUCTURE PLAN TO IMPROVE UPWARD ECONOMIC MOBILITY, ENHANCE OUTDOOR AMENITITES, AND ATTRACT RESIDENTS AND VISITORS TO PARTAKE IN OUTDOOR RECREATION ACTIVITIES.

Program 3
Expenses: $625,213 Revenue: $623,411

ACCESS TO CARE - PEOPLE IN RURAL COMMUNITIES ARE LESS LIKELY TO HAVE ACCESS TO HEALTH SERVICES DUE TO SHORTAGES OF PROVIDERS AND BARRIERS TO CARE SUCH AS TRANSPORTATION AND COST. THE HEALTH...

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ACCESS TO CARE - PEOPLE IN RURAL COMMUNITIES ARE LESS LIKELY TO HAVE ACCESS TO HEALTH SERVICES DUE TO SHORTAGES OF PROVIDERS AND BARRIERS TO CARE SUCH AS TRANSPORTATION AND COST. THE HEALTH FOUNDATION OWNS AND MANAGES A MEDICAL PARK CONVENIENTLY LOCATED WITHIN ONE-QUARTER MILE OF THE LOCAL HOSPITAL WHICH SERVES AS A HUB OF HEALTH CARE DELIVERY. THE THRIVING MEDICAL PARK HAS A VARIETY OF TENANTS INCLUDING PRIMARY MEDICAL CARE, MEDICAL SPECIALISTS, DENTAL CARE, AND SOCIAL SUPPORT SERVICES. THE SITE ALSO CONNECTS TO THE YADKIN RIVER GREENWAY AND HOSTS A PRE-SCHOOL PLAYGROUND AND AN ADULT EXERCISE EQUIPMENT ZONE. IN ADDITION, WE ENGAGE IN FUNDING STRATEGIES THAT PROMOTE ACCESS TO CARE IN OTHER LOCATIONS AND THROUGH BOTH MOBILE AND TELEMEDICINE.

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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 $512,321
Program Service Revenue $1,282,442
Investment Income $33,277
Other Revenue $2,997
TOTAL REVENUE $1,831,037

Expense Breakdown

Grants Paid $483,683
Salaries & Benefits $475,905
Fundraising Expenses $34,032
Program Expenses $1,289,156
Other Expenses $650,349
TOTAL EXPENSES $1,609,937

Year-over-Year Comparison

2023 2022 Change
Revenue $1,831,037 $1,890,572 0.0%
Expenses $1,609,937 $1,884,251 -0.1%
Net Income $221,100 $6,321 +34.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
18
Independent Members
18
Employees
5
Volunteers
46

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
6
$261,995
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID SHELTON PRESIDENT 3.00
Officer Director
$0 $0 $0
J RICHARD MARLOW VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
JEAN MELTON TREASURER 1.00
Officer Director
$0 $0 $0
BETH LOVETTE SECRETARY 1.00
Officer Director
$0 $0 $0
GLENDA ADAMS DIRECTOR 1.00
Director
$0 $0 $0
CRAIG BENNETT DIRECTOR 1.00
Director
$0 $0 $0
LEE BENTLEY DIRECTOR 1.00
Director
$0 $0 $0
WILLIAM CLARK DIRECTOR 1.00
Director
$0 $0 $0
MARK COOK DIRECTOR 1.00
Director
$0 $0 $0
CAM FINLEY DIRECTOR 1.00
Director
$0 $0 $0
BILL HARRIS DIRECTOR 1.00
Director
$0 $0 $0
CATHY HUIE DIRECTOR 1.00
Director
$0 $0 $0
DR JOHN OLIVER DIRECTOR 1.00
Director
$0 $0 $0
DR DARIEL RATHMELL DIRECTOR 1.00
Director
$0 $0 $0
MARY SPEARS DIRECTOR 1.00
Director
$0 $0 $0
DIANE SWAIM DIRECTOR 1.00
Director
$0 $0 $0
RACHEL WILLIARD EX-OFFICIO DIRECTOR 1.00
Director
$0 $0 $0
CHAD BROWN EX-OFFICIO DIRECTOR 1.00
Director
$0 $0 $0
HEATHER MURPHY EXECUTIVE DIRECTOR 40.00
Officer
$130,640 $22,004 $152,644
CHRISTOPHER SMITH FINANCE DIRECTOR 40.00
Officer
$80,846 $28,505 $109,351
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 $1,831,037 $1,609,937 $6,088,810 $221,100
2022 $1,890,572 $1,884,251 $5,325,558 $6,321
2021 $1,694,577 $1,971,162 $5,458,179 $-276,585
2020 $1,575,146 $1,680,276 $5,688,225 $-105,130
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