The Outer Banks Hospital Inc

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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

2002

Legal Domicile

Principal Officer

RONALD SLOAN

Phone

2528475129

Tax Period

2023-10-01 to 2024-09-30

The Outer Banks Hospital Inc, founded in 2002, is a major nonprofit in the Health Care sector that reported $146.6M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $135.7M left a modest 7% surplus.

Mission

TO ENHANCE THE QUALITY OF LIFE FOR THE RESIDENTS AND VISITORS OF DARE COUNTY AND THE SURROUNDING REGION BY PROMOTING WELLNESS AND PROVIDING THE HIGHEST QUALITY HEALTHCARE SERVICES.

Program Service Accomplishments

Program 1

Expenses: $124,433,248 Revenue: $115,714,652

OUTPATIENT AND EMERGENCY SERVICES: PROVIDED EMERGENCY SERVICES TO 20,284 PATIENTS 24 HOURS A DAY FOR 365 DAYS. PROVIDED OUTPATIENT DIAGNOSTIC AND THERAPEUTIC SERVICES TO 33,623 PATIENTS. PERFORMED...

OUTPATIENT AND EMERGENCY SERVICES: PROVIDED EMERGENCY SERVICES TO 20,284 PATIENTS 24 HOURS A DAY FOR 365 DAYS. PROVIDED OUTPATIENT DIAGNOSTIC AND THERAPEUTIC SERVICES TO 33,623 PATIENTS. PERFORMED 2,167 OUTPATIENT SURGICAL PROCEDURES.

Program 2

Expenses: $0 Revenue: $20,866,868

INPATIENT SERVICES: PROVIDED INPATIENT CARE 24 HOURS A DAY FOR 365 DAYS TO 1,634 PATIENTS. DELIVERED 288 BABIES. PERFORMED 187 INPATIENT SURGICAL PROCEDURES.

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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 $3,165,116

Program Service Revenue $136,581,520

Investment Income $2,199,187

Other Revenue $4,686,577

TOTAL REVENUE $146,632,400

Expense Breakdown

Grants Paid $233,693

Salaries & Benefits $60,060,423

Fundraising Expenses $0

Program Expenses $124,433,248

Other Expenses $75,442,586

TOTAL EXPENSES $135,736,702

Year-over-Year Comparison

	2023	2022	Change
Revenue	$146,632,400	$128,710,391	+0.1%
Expenses	$135,736,702	$116,906,754	+0.2%
Net Income	$10,895,698	$11,803,637	-0.1%

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

N/A

Volunteers

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

$658,081

Total Directors

$1,265,759

Key Employees

$511,809

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER MANN	PHYSICIAN	40.0	Highest	$674,021	$52,461	$726,482
JAY BRILEY	BOARD MEMBER (THRU 12/23)	2.0	Director	$0	$175,853	$688,173
MATTHEW MCKENNA	PHYSICIAN	40.0	Highest	$563,675	$54,900	$618,575
Gary Hunter	Anesthesiologist	40.0	Highest	$585,839	$31,831	$617,670
JEFFREY CHASE	PHYSICIAN	40.0	Highest	$540,945	$48,698	$589,643
VAN SMITH	BOARD MEMBER (AS OF 3/24)	2.0	Director	$0	$180,449	$577,586
AMANDA PETTIBONE POND	PHYSICIAN	40.0	Highest	$532,845	$44,009	$576,854
RONALD SLOAN	PRESIDENT	40.0	Officer	$326,014	$131,498	$457,512
MARCELLA BRYANT	VP, CLINICAL OPERATIONS	40.0	Key Emp	$204,034	$60,417	$264,451
TODD WARLITNER	VP, FINANCE-CRITICAL ACCESS	16.0	Key Emp	$76,464	$56,198	$247,358
AMY MONTGOMERY	SECRETARY	40.0	Officer	$166,002	$34,567	$200,569
ROBERT TULL	Vice Chair/Chair	2.0	Director	$0	$0	$0
JASON WAUGHTEL	VICE CHAIR (AS OF 5/24)	2.0	Director	$0	$0	$0
STUART BELL	BOARD MEMBER (THRU 3/24)	2.0	Director	$0	$0	$0
MYRA BOWEN	BOARD MEMBER	2.0	Director	$0	$0	$0
PETE BURKHIMER	BOARD MEMBER	2.0	Director	$0	$0	$0
JAMIE FOUNTAIN MD	BOARD MEMBER	2.0	Director	$0	$0	$0
JASON HIGGINSON MD	BOARD MEMBER (AS OF 9/24)	2.0	Director	$0	$0	$0
REESE JACKSON	BOARD MEMBER	2.0	Director	$0	$0	$0
TESS JUDGE	Chair/Board Member	2.0	Director	$0	$0	$0
MYRA LADD-BONE	BOARD MEMBER	2.0	Director	$0	$0	$0
CINDY THORNSVARD	BOARD MEMBER (THRU 3/24)	2.0	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	$146,632,400	$135,736,702	$144,937,932	$10,895,698
2023	$128,710,391	$116,906,754	$139,648,014	$11,803,637
2022	$123,380,387	$107,266,166	$130,855,333	$16,114,221
2021	$117,236,071	$100,295,950	$114,163,426	$16,940,121
2020	$102,603,749	$88,942,081	$99,697,274	$13,661,668
2019	$98,572,551	$84,711,325	$86,217,811	$13,861,226
2018	$89,100,450	$79,720,332	$76,218,659	$9,380,118