WAKE COUNTY MEDICAL SOCIETY COMMUNITY HEALTH FOUNDATION INC (DBA RIGHTCARE)

EIN: 562205175 501(c)(3) Health Care

RALEIGH, NC

Total Revenue
$-255,674
Total Expenses
$525,035
Total Assets
$3,298,883
Net Assets
$3,285,832
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
NC
Principal Officer
JENNIFER BRIGHTON
Phone
9198196220
Tax Period
2023-01-01 to 2023-12-31

WAKE COUNTY MEDICAL SOCIETY COMMUNITY HEALTH FOUNDATION INC (DBA RIGHTCARE), founded in 2000, is a micro nonprofit in the Health Care sector that reported $256K in total revenue in fiscal year 2023. Revenue fell 119% from the prior year — a significant decline worth monitoring.

Mission

WCMSCHF'S FLAGSHIP PROGRAM, PROJECT ACCESS OF WAKE COUNTY (PA), HAS BEEN PROVIDING ACCESS TO DONATED SPECIALTY AND DIAGNOSTIC CARE FOR ELIGIBLE UNINSURED RESIDENTS OF WAKE AND FRANKLIN COUNTIES WITH HOUSEHOLD INCOMES BELOW 250% OF THE FEDERAL POVERTY LEVEL FOR 21 YEARS. PA ALSO NAVIGATES UNINSURED PATIENTS WITHOUT A PRIMARY CARE HOME TO AFFORDABLE OR FREE CARE AT ONE OF 12 PARTNERING SAFETY-NET CLINICS. PA STAFF ALSO ENGAGE WITH PROGRAM ENROLLEES TO ASSURE THAT PATIENTS COMPLETE CONNECTIONS WHILE HELPING BUILD AWARENESS AND ABILITY TO SELF-MANAGE THE HEALTHCARE LANDSCAPE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $23,196
Program Service Revenue $0
Investment Income $-278,870
Other Revenue $0
TOTAL REVENUE $-255,674

Expense Breakdown

Grants Paid $168
Salaries & Benefits $371,923
Fundraising Expenses $0
Program Expenses $395,408
Other Expenses $152,944
TOTAL EXPENSES $525,035

Year-over-Year Comparison

2023 2022 Change
Revenue $-255,674 $1,336,330 -1.2%
Expenses $525,035 $375,481 +0.4%
Net Income $-780,709 $960,849 -1.8%
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
9
Employees
9
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
$100,214
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN ER PERRY III MD BOARD MEMBER 1.00
Director
$0 $0 $0
KIM MCDONALD MD MPH SECRETARY 1.00
Officer Director
$0 $0 $0
SHERRY HENDERSON BOARD MEMBER 1.00
Director
$0 $0 $0
JOEL LUTTERMAN MD BOARD MEMBER 1.00
Director
$0 $0 $0
PETER J MORRIS MD MPH MDIV CHAIR 1.00
Officer Director
$0 $0 $0
THERESA AMERSON MD BOARD MEMBER 1.00
Director
$0 $0 $0
PETE TANNENBAUM BOARD MEMBER 1.00
Director
$0 $0 $0
ANA GONZALEZ TREASURER 1.00
Officer Director
$0 $0 $0
REYNOLDS TAD CLODFELTER PSYD VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
JENNIFER BRIGHTON EXECUTIVE DIRECTOR 40.00
Officer
$87,691 $12,523 $100,214
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 No data No data No data No data
2023 $-255,674 $525,035 $3,298,883 $-780,709
2022 $1,336,330 $375,481 $3,526,162 $960,849
2021 $270,493 $424,892 $3,100,544 $-154,399
2020 $648,450 $512,213 $3,309,329 $136,237
2019 $2,500,388 $3,617,027 $3,091,530 $-1,116,639
2018 $11,278,757 $10,718,186 $4,499,736 $560,571
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