Mt Olive Family Medicine Center Inc

EIN: 562000255 501(c)(3) Health Care

Mount Olive, NC

Total Revenue
$6,284,659
Total Expenses
$6,100,035
Total Assets
$5,274,319
Net Assets
$3,354,497
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
NC
Phone
9196584954
Tax Period
2024-07-01 to 2025-06-30

Mt Olive Family Medicine Center Inc, founded in 1997, is a community nonprofit in the Health Care sector that reported $6.3M in total revenue in fiscal year 2024.

Mission

To provide medical care for all those in need regardless of ability 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 (2024)

Revenue Breakdown

Contributions & Grants $275,431
Program Service Revenue $5,794,532
Investment Income $88,536
Other Revenue $126,160
TOTAL REVENUE $6,284,659

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,559,745
Fundraising Expenses $0
Program Expenses $5,326,057
Other Expenses $1,540,290
TOTAL EXPENSES $6,100,035

Year-over-Year Comparison

2024 2023 Change
Revenue $6,284,659 $6,190,142 +0.0%
Expenses $6,100,035 $6,096,693 +0.0%
Net Income $184,624 $93,449 +1.0%
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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Governance

Voting Members
9
Independent Members
9
Employees
59
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
4
$204,198
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Thomas Draughon Medical Director 40.00
$458,715 $19,261 $477,976
Phillip W Moye Physician 40.00
$363,001 $27,911 $390,912
Bryon Geer Physician 40.00
$281,250 $5,500 $286,750
Vincent P Wilson Physician 40.00
$259,440 $9,200 $268,640
Lisa Hooks CEO, CFO 40.00
Officer
$195,205 $8,993 $204,198
Meghan Brown Physician 40.00
$131,357 $10,075 $141,432
Misty Rouse Nurse Practioner 40.00
$133,389 $0 $133,389
Wesley Parker Treas/Secretary 2.00
Officer Director
$0 $0 $0
David Kornegay Board Member 2.00
Director
$0 $0 $0
Lynn Williams Board Member 2.00
Director
$0 $0 $0
Brad Lee Board Member 2.00
Director
$0 $0 $0
Dr Nancy Mimm Board Member 2.00
Director
$0 $0 $0
Murray McClenny Board Member 2.00
Director
$0 $0 $0
Ernie Taylor Board Member 2.00
Director
$0 $0 $0
Ray McDonald President 2.00
Officer Director
$0 $0 $0
Bret Strickland Vice President 2.00
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
2025 $6,284,659 $6,100,035 $5,274,319 $184,624
2024 $6,190,142 $6,096,693 $5,198,630 $93,449
2023 $6,010,602 $5,914,496 $5,196,347 $96,106
2022 $7,282,813 $6,013,343 $5,249,311 $1,269,470
2021 $6,175,593 $6,161,066 $3,294,656 $14,527
2020 $5,049,981 $5,023,855 $3,436,692 $26,126
2019 $4,239,518 $4,183,743 $3,007,567 $55,775
2018 $4,801,266 $4,548,901 $3,050,117 $252,365
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