NORTH CAROLINA ACADEMY OF FAMILY PHYSICIANS INC

EIN: 561778317

RALEIGH, NC

Total Revenue
$1,933,596
Total Expenses
$1,903,690
Total Assets
$4,038,120
Net Assets
$3,418,770
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Financial Trends

Organization Details

Formation Year
1948
Legal Domicile
NC
Principal Officer
GREGORY GRIGGS
Phone
9198332110
Tax Period
2024-01-01 to 2024-12-31

NORTH CAROLINA ACADEMY OF FAMILY PHYSICIANS INC, founded in 1948, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

TO IMPROVE THE LIVES AND PROFESSIONAL ENVIRONMENT OF CURRENT AND FUTURE FAMILY PHYSICIANS SO THEY CAN PROVIDE EXCEPTIONAL CARE TO THEIR PATIENTS AND COMMUNITIES.

Program Service Accomplishments

Program 1
Expenses: $644,837 Revenue: $835,107

CME MEETINGS - HELD THREE VIRTUAL, ONE HYBRID, AND TWO IN-PERSON CME EVENTS AVAILABLE TO ALL 4,500 NCAFP MEMBERS, AS WELL AS NON-MEMBERS IN NORTH CAROLINA AND ACROSS THE COUNTRY. THE SIX EVENTS...

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CME MEETINGS - HELD THREE VIRTUAL, ONE HYBRID, AND TWO IN-PERSON CME EVENTS AVAILABLE TO ALL 4,500 NCAFP MEMBERS, AS WELL AS NON-MEMBERS IN NORTH CAROLINA AND ACROSS THE COUNTRY. THE SIX EVENTS ATTRACTED OVER 1200 ATTENDEES AND PROVIDED 108 HOURS OF CONTINUING MEDICAL EDUCATION. ADDITIONALLY, THE NCAFP PROVIDED AN IN-PERSON EVENT IN FEBRUARY WHICH TARGETED MEDICAL STUDENTS AND HAD 102 PARTICIPANTS.

Program 2
Expenses: $279,015 Revenue: $825,080

MEMBER SERVICES - ADVOCATED ON BEHALF OF 4,500 MEMBERS FOR INCREASED INVESTMENT IN FAMILY MEDICINE WHICH INCLUDED CLOSING THE UNINSURED/UNDERINSURED COVERAGE GAP IN RURAL AREAS AND THE ESTABLISHMENT...

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MEMBER SERVICES - ADVOCATED ON BEHALF OF 4,500 MEMBERS FOR INCREASED INVESTMENT IN FAMILY MEDICINE WHICH INCLUDED CLOSING THE UNINSURED/UNDERINSURED COVERAGE GAP IN RURAL AREAS AND THE ESTABLISHMENT OF A FAMILY MEDICINE LOAN FORGIVENESS PILOT; ADVOCATED FOR LESS ADMINISTRATIVE BURDEN IN THE HEALTHCARE SYSTEM AND INCREASED PAYMENT RATES FOR PRIMARY CARE SERVICES; ADVOCATED ON BEHALF OF PRIMARY CARE THROUGHOUT THE ONGOING MEDICAID TRANSITION TO MANAGED CARE AND FOR THE FULL SCOPE OF FAMILY MEDICINE IN ADDRESSING BEHAVIORAL HEALTH; ADVOCATED ON BEHALF OF EMPLOYED FAMILY PHYSICIANS WITHIN LARGE HEALTH SYSTEMS AND AMONG PAYERS; AND SERVED ON NUMEROUS TASKFORCES AND POLICY GROUPS, ADVOCATING ON BEHALF OF FAMILY PHYSICIANS AND PATIENTS IN NORTH CAROLINA.

Program 3
Expenses: $99,279

COMMUNICATIONS AND PUBLICATIONS - PROVIDED COMMUNICATION SERVICES TO OVER 4,500 MEMBERS THROUGH A QUARTERLY PRINTED MAGAZINE, REGULARLY SCHEDULED PODCASTS, AND OVER 50 E-NEWSLETTERS. THROUGHOUT THE...

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COMMUNICATIONS AND PUBLICATIONS - PROVIDED COMMUNICATION SERVICES TO OVER 4,500 MEMBERS THROUGH A QUARTERLY PRINTED MAGAZINE, REGULARLY SCHEDULED PODCASTS, AND OVER 50 E-NEWSLETTERS. THROUGHOUT THE YEAR, THE NCAFP SENT OUT REGULAR E-COMMUNICATIONS AND E-BULLETINS TO KEEP NCAFP MEMBERS INFORMED ABOUT THE LATEST DEVELOPMENTS TAKING PLACE IN HEALTHCARE.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,692,537
Investment Income $241,059
Other Revenue $0
TOTAL REVENUE $1,933,596

Expense Breakdown

Grants Paid $0
Salaries & Benefits $796,830
Fundraising Expenses $0
Program Expenses $1,023,131
Other Expenses $1,106,860
TOTAL EXPENSES $1,903,690

Year-over-Year Comparison

2024 2023 Change
Revenue $1,933,596 $1,744,284 +0.1%
Expenses $1,903,690 $1,723,006 +0.1%
Net Income $29,906 $21,278 +0.4%
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
15
Independent Members
15
Employees
7
Volunteers
30

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
$530,660
Total Directors
19
$10,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHAUNA L GUTHRIE MD MPH PAST PRESIDENT 3.00
Officer Director
$2,500 $0 $2,500
GARETT R FRANKLIN MD PRESIDENT 5.00
Officer Director
$5,000 $0 $5,000
MARK MCNEILL MD PRESIDENT-ELECT 1.00
Officer Director
$2,500 $0 $2,500
BENJAMIN FRANKIE SIMMONS MD SECRETARY/TREASURER 3.00
Officer Director
$0 $0 $0
DEANNA DIDIANO DO DIRECTOR 1.00
Director
$0 $0 $0
JOSHUA CARPENTER MD DIRECTOR 1.00
Director
$0 $0 $0
LISA A CASSIDY-VU MD DIRECTOR 1.00
Director
$0 $0 $0
NICHOLE L JOHNSON MD DIRECTOR 1.00
Director
$0 $0 $0
KELLEY LAWRENCE MD IBCLC FABM DIRECTOR 1.00
Director
$0 $0 $0
AMANDA R STEVENTON MD DIRECTOR 1.00
Director
$0 $0 $0
PATRICK WILLIAMS MD DIRECTOR 1.00
Director
$0 $0 $0
COURTLAND D WINBORNE MD DIRECTOR 1.00
Director
$0 $0 $0
D LANDON ALLEN MD MPH MBA DIRECTOR 0.25
Director
$0 $0 $0
STACEY BLYTH MD DIRECTOR 0.25
Director
$0 $0 $0
MORGAN PARKER DO RESIDENT DIRECTOR 1.00
Director
$0 $0 $0
STEPHANIE WILCHER MD MPH RESIDENT DIRECTOR 0.25
Director
$0 $0 $0
S EVAN MORGAN STUDENT DIRECTOR 1.00
Director
$0 $0 $0
NICHOLAS WELLS STUDENT DIRECTOR 0.25
Director
$0 $0 $0
R AARON LAMBERT MD ACADEMIC POSITION 1.00
Director
$0 $0 $0
GREGORY K GRIGGS MPA CAE EXECUTIVE VICE PRESIDENT A 45.00
Officer
$244,800 $58,390 $303,190
SHAWN PARKER GENERAL COUNSEL AND CHIEF 35.00
Officer
$190,300 $27,170 $217,470
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 $1,933,596 $1,903,690 $4,038,120 $29,906
2023 $1,744,284 $1,723,006 $4,065,076 $21,278
2022 $1,640,581 $1,648,242 $3,975,677 $-7,661
2021 $2,062,155 $2,019,932 $4,230,337 $42,223
2020 $1,144,161 $1,856,481 $3,891,993 $-712,320
2019 $3,664,663 $3,409,253 $4,550,000 $255,410
2018 $2,749,505 $2,168,913 $4,015,812 $580,592
2018 $2,749,505 $2,168,913 $4,015,812 $580,592
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