NORTH CAROLINA ASSOCIATION OF FREE… - Form 990 Financial Data

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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

1997

Legal Domicile

Principal Officer

APRIL COOK

Phone

3362511111

Tax Period

2024-01-01 to 2024-12-31

NORTH CAROLINA ASSOCIATION OF FREE AND CHARITABLE CLINICS INC, founded in 1997, is a community nonprofit in the Health Care sector that reported $6.4M in total revenue in fiscal year 2024. Expenses of $6.0M left a modest 6% surplus.

Mission

WE SUPPORT AND ADVOCATE FOR OUR MEMBER ORGANIZATIONS TO PROVIDE HEALTHCARE FOR THE UNINSURED AND UNDERINSURED OF NORTH CAROLINA.

Program Service Accomplishments

Program 1

Expenses: $288,677

TO IMPROVE ACCESS TO FREE HEALTH CLINICS AND PHARMACIES FOR THE UNINSURED AND UNDERINSURED PEOPLE OF NORTH CAROLINA.

Program 2

Expenses: $180,999

CORONAVIRUS STATE AND LOCAL FISCAL RECOVERY FUNDS - PROVIDE FUNDS FOR MEMBER CLINICS TO PROVIDE NECESSARY AND APPROPRIATE RELIEF FROM THE EFFECTS OF COVID-19.

Program 3

Expenses: $5,274,514

NC DIRECTED GRANT SL 2023-134 - PROVIDE FUNDS TO ENABLE THE ORGANIZATION TO PROVIDE HEALTH CARE SERVICES AND OTHER SUPPORTS TO UNINSURED AND UNDERINSURED PATIENTS ACROSS NORTH CAROLINA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $6,353,137

Program Service Revenue $0

Investment Income $72,344

Other Revenue $0

TOTAL REVENUE $6,425,481

Expense Breakdown

Grants Paid $5,069,038

Salaries & Benefits $545,510

Fundraising Expenses $145,911

Program Expenses $5,744,190

Other Expenses $397,148

TOTAL EXPENSES $6,011,696

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,425,481	$6,579,941	0.0%
Expenses	$6,011,696	$6,404,845	-0.1%
Net Income	$413,785	$175,096	+1.4%

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

$124,572

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
APRIL COOK	CEO	40.00	Officer	$124,572	$0	$124,572
ELIZABETH CAMPBELL	DIRECTOR	5.00	Director	$0	$0	$0
AMY CARR	DIRECTOR	5.00	Director	$0	$0	$0
JOHN DEVANEY	DIRECTOR	5.00	Director	$0	$0	$0
ROSH FOSKEY	DIRECTOR	5.00	Director	$0	$0	$0
JANET JARRETT	SECRETARY	5.00	Officer Director	$0	$0	$0
LYN JENKINS	VICE CHAIR	5.00	Officer Director	$0	$0	$0
MICHAEL LISCHKE	DIRECTOR	5.00	Director	$0	$0	$0
TCHERNAVIA MONTGOMERY	DIRECTOR	5.00	Director	$0	$0	$0
MITCH PERRY	DIRECTOR	5.00	Director	$0	$0	$0
JOHN PRICE	TREASURER	5.00	Officer Director	$0	$0	$0
TONY PRICE	EX-OFFICIO	5.00	Officer Director	$0	$0	$0
SOMMER WISHER	DIRECTOR	5.00	Director	$0	$0	$0
KRISTA WOOLLY	CHAIR	5.00	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
2024	$6,425,481	$6,011,696	$6,752,084	$413,785
2023	$6,579,941	$6,404,845	$4,834,391	$175,096
2022	$10,294,551	$10,539,523	$4,924,754	$-244,972
2021	$278,241	$4,663,486	$1,942,143	$-4,385,245
2020	$15,845,028	$10,426,928	$7,650,388	$5,418,100
2019	$1,677,408	$1,520,160	$830,466	$157,248

NORTH CAROLINA ASSOCIATION OF FREE AND CHARITABLE CLINICS INC