Carteret County General Hospital Foundation (EIN 561901288) - Form 990 Financial Analysis & Trantor Score

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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

1994

Legal Domicile

Phone

2524996646

Tax Period

2023-10-01 to 2024-09-30

Carteret County General Hospital Foundation, founded in 1994, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $9.7M in total revenue in fiscal year 2023. Revenue surged 306% from the prior year, signaling strong growth momentum. The organization ran a surplus of $8.9M, a strong 91% operating margin.

Mission

FOR PROMOTION AND SUPPORT OF CARTERET GENERAL HOSPITAL

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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 $7,899,530

Program Service Revenue $0

Investment Income $1,552,701

Other Revenue $282,209

TOTAL REVENUE $9,734,440

Expense Breakdown

Grants Paid $695,842

Salaries & Benefits $75,651

Fundraising Expenses $0

Program Expenses $695,842

Other Expenses $109,450

TOTAL EXPENSES $880,943

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,734,440	$2,399,249	+3.1%
Expenses	$880,943	$1,034,828	-0.1%
Net Income	$8,853,497	$1,364,421	+5.5%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bryson McLean	DIRECTOR	1.0	Director	$0	$0	$0
Carol Basnight	Secretary	1.0	Director	$0	$0	$0
Carrie Stallings	DIRECTOR	1.0	Director	$0	$0	$0
David Bradley	DIRECTOR	1.0	Director	$0	$0	$0
Dawn Carter	Chair	1.0	Director	$0	$0	$0
Diane Gainey	DIRECTOR	1.0	Director	$0	$0	$0
Joe Durrett	DIRECTOR	1.0	Director	$0	$0	$0
Joel Hancock	DIRECTOR	1.0	Director	$0	$0	$0
Julius Taylor	DIRECTOR	1.0	Director	$0	$0	$0
Leon Morrison	DIRECTOR	1.0	Director	$0	$0	$0
Maria Garner	DIRECTOR	1.0	Director	$0	$0	$0
Maria McClaughlin	DIRECTOR	1.0	Director	$0	$0	$0
Mary Brown	DIRECTOR	1.0	Director	$0	$0	$0
Mary Craig Brown	DIRECTOR	1.0	Director	$0	$0	$0
Michael Waldrop	Treasurer	1.0	Director	$0	$0	$0
Seth C Smith Jr	DIRECTOR	1.0	Director	$0	$0	$0
Sharon Scott	Vice-Chair	1.0	Director	$0	$0	$0
Whitney Morris	DIRECTOR	1.0	Director	$0	$0	$0
Kay Messick	Foundation Coordinator	40.0	Officer	$0	$0	$0
Virginia Cuthrell	executive director	40.0	Officer	$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	$9,734,440	$880,943	$19,287,305	$8,853,497
2023	$2,399,249	$1,034,828	$10,240,025	$1,364,421
2022	$-464,741	$377,853	$8,691,581	$-842,594
2021	$2,113,599	$569,524	$9,534,175	$1,544,075
2020	$1,146,334	$415,855	$7,991,100	$730,479
2019	$604,878	$1,281,029	$7,625,904	$-676,151
2018	$934,605	$1,660,790	$8,651,926	$-726,185

Carteret County General Hospital Foundation