Med Resource Ctr for Randolph Co

EIN: 561799394 501(c)(3)

Asheboro, NC

Total Revenue
$4,330,507
Total Expenses
$3,531,422
Total Assets
$2,711,433
Net Assets
$1,157,877
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
NC
Principal Officer
Teresa Shackleford
Tax Period
2021-09-01 to 2022-08-31

Med Resource Ctr for Randolph Co, founded in 1992, is a community nonprofit that reported $4.3M in total revenue in fiscal year 2021. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $799K, a strong 18% operating margin.

Mission

To provide medical care for all those in need, regardless of ability to pay.

Program Service Accomplishments

Program 1
Expenses: $2,573,453

To provide medical care for all those in need, regardless of abilitiy to pay.

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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 (2021)

Revenue Breakdown

Contributions & Grants $2,913,459
Program Service Revenue $1,039,048
Investment Income $0
Other Revenue $378,000
TOTAL REVENUE $4,330,507

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,793,031
Fundraising Expenses $0
Program Expenses $2,573,453
Other Expenses $738,391
TOTAL EXPENSES $3,531,422

Year-over-Year Comparison

2021 2020 Change
Revenue $4,330,507 $3,543,468 +0.2%
Expenses $3,531,422 $3,252,166 +0.1%
Net Income $799,085 $291,302 +1.7%
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
9
Independent Members
8
Employees
40
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
$125,201
Total Directors
4
$0
Key Employees
1
$125,201
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Teresa Shackleford CEO 40.00
Officer Key Emp
$125,201 $0 $125,201
Nichelle Sands Treasurer 1.00
Officer Director
$0 $0 $0
Jennifer Bennett Secretary 1.00
Officer Director
$0 $0 $0
Michelle Hinshaw Chairperson 1.00
Officer Director
$0 $0 $0
Colleen Downey Mitchell Vice Chair 1.00
Officer 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
2023 No data No data No data No data
2022 $4,330,507 $3,531,422 $2,711,433 $799,085
2021 $3,543,468 $3,252,166 $2,443,446 $291,302
2020 $2,338,833 $3,028,018 $1,721,512 $-689,185
2019 $2,927,874 $2,717,271 $1,631,025 $210,603
2018 $2,243,870 $2,148,327 $1,425,804 $95,543
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