ANC Angel Medical Center Inc

EIN: 566000064 501(c)(3) Health Care

WINTER PARK, FL

Total Revenue
$10,847,641
Total Expenses
$18,403,637
Total Assets
N/A
Net Assets
N/A
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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
1933
Legal Domicile
NC
Principal Officer
MATTHEW RUBIN
Phone
8475832804
Tax Period
2018-10-01 to 2019-09-30

ANC Angel Medical Center Inc, founded in 1933, is a mid-sized nonprofit in the Health Care sector that reported $10.8M in total revenue in fiscal year 2018. Revenue fell 81% from the prior year — a significant decline worth monitoring. Expenses of $18.4M exceeded revenue, resulting in a 70% operating deficit.

Mission

TO IMPROVE THE HEALTH OF THE PEOPLE OF WESTERN NORTH CAROLINA AND THE SURROUNDING REGION.

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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 (2018)

Revenue Breakdown

Contributions & Grants $24,766
Program Service Revenue $20,666,922
Investment Income $-9,844,047
Other Revenue $0
TOTAL REVENUE $10,847,641

Expense Breakdown

Grants Paid $2,994
Salaries & Benefits $6,120,021
Fundraising Expenses $35,886
Program Expenses $17,260,087
Other Expenses $12,280,622
TOTAL EXPENSES $18,403,637

Year-over-Year Comparison

2018 2017 Change
Revenue $10,847,641 $57,704,084 -0.8%
Expenses $18,403,637 $53,891,009 -0.7%
Net Income $-7,555,996 $3,813,075 -3.0%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
2
Independent Members
2
Employees
412
Volunteers
2

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
10
$455,027
Total Directors
18
$2,569,181
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID FRANKS MD DIRECTOR END JAN 2019 1.0
Director
$0 $11,211 $387,999
KELLETT LETSON MD DIRECTOR END JAN 2019 1.0
Director
$0 $92,437 $639,802
GWEN MCKINNEY DIRECTOR END JAN 2019 1.0
Director
$0 $62,113 $488,735
KATHY GUYETTE DIRECTOR END JAN 2019 1.0
Director
$0 $109,968 $775,189
KAREN GORBY CHIEF NURS. OFF. END JAN 2019 50.0
Officer Director
$0 $24,003 $277,456
JANE C KIMSEY CHAIRPERSON END JAN 2019 1.0
Officer Director
$0 $0 $0
CONNIE HAIRE SECRETARY END JAN 2019 1.0
Officer Director
$0 $0 $0
JANET J GREENE VICE CHAIRPERSON END JAN 2019 1.0
Officer Director
$0 $0 $0
JOHNNY MIRA-KNIPPEL TREASURER END JAN 2019 1.0
Officer Director
$0 $0 $0
KEN STONEBRAKER DIRECTOR END JAN 2019 1.0
Director
$0 $0 $0
CHARLES BARRIER MD DIRECTOR END JAN 2019 1.0
Director
$0 $0 $0
CHARLES SUTTON DIRECTOR END JAN 2019 1.0
Director
$0 $0 $0
JEFFREY CLOER DIRECTOR END JAN 2019 1.0
Director
$0 $0 $0
THOMAS BROOKS DIRECTOR END JAN 2019 1.0
Director
$0 $0 $0
RUSSELL HAWKINS DIRECTOR END JAN 2019 1.0
Director
$0 $0 $0
DALE WEST DIRECTOR END JAN 2019 1.0
Director
$0 $0 $0
Dr John Garrett Chair 0.25
Officer Director
$0 $0 $0
Tom Maher Vice Chair 0.25
Officer Director
$0 $0 $0
LENA COCHRAN REG DIR - FIN END JAN 2019 25.0
Officer
$0 $8,990 $177,571
Neil Luria CEO, Chief Wind-Down Off. 0.25
Officer
$0 $0 $0
Matthew Rubin CFO, Sec, Treas 0.25
Officer
$0 $0 $0
GILBERTO ROBLES PHYSICIAN 40.0
Highest
$435,197 $33,775 $468,972
RONNELL BERNARD physician 40.0
Highest
$455,448 $8,759 $464,207
LILLA LAPLACE physician 40.0
Highest
$500,234 $33,783 $534,017
WILLIAM SITHER PHYSICIAN 40.0
Highest
$396,790 $29,798 $426,588
Stephanie Taft Physician 40.0
Highest
$343,653 $32,165 $375,818
MARTIN WADEWITZ FORMER COO 40.0
$0 $23,563 $125,694
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
2019 $10,847,641 $18,403,637 No data $-7,555,996
2018 $57,704,084 $53,891,009 $44,719,844 $3,813,075
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