HEALTHCARE FOUNDATION OF WILSON

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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

1964

Legal Domicile

Principal Officer

PAULA BENSON

Phone

2522812105

Tax Period

2023-01-01 to 2023-12-31

HEALTHCARE FOUNDATION OF WILSON, founded in 1964, is a community nonprofit in the Health Care sector that reported $5.6M in total revenue in fiscal year 2023. Revenue surged 42% from the prior year, signaling strong growth momentum. Expenses of $6.6M exceeded revenue, resulting in a 17% operating deficit.

Mission

HEALTHCARE FOUNDATION OF WILSON (THE FOUNDATION) INVESTS INCOLLABORATIVE EFFORTS THAT IMPACT AND MEASURABLY IMPROVE THE HEALTH AND WELL-BEING OF WILSON COUNTY RESIDENTS.

Program Service Accomplishments

Program 1

Expenses: $5,874,230 Revenue: $2,228,925

THE FOUNDATION SERVES AS A HEALTH LEGACY CHARITABLE FOUNDATION TO SUPPORT THE HEALTHCARE NEEDS OF ITS COMMUNITY AND MAINTAINS ASSETSASSOCIATED WITH THE WILSON MEDICAL CENTER, INC. FACILITY...

THE FOUNDATION SERVES AS A HEALTH LEGACY CHARITABLE FOUNDATION TO SUPPORT THE HEALTHCARE NEEDS OF ITS COMMUNITY AND MAINTAINS ASSETSASSOCIATED WITH THE WILSON MEDICAL CENTER, INC. FACILITY. THEFOUNDATION PROVIDES GRANT-MAKING WITH THE OBJECTIVE OF IMPROVING HEALTHAND WELLNESS WITH THE FOLLOWING FOUR FOCUS AREAS:- ADOLESCENT PREGNANCY- ALCOHOL & SUBSTANCE ABUSE- OBESITY- SEXUALLY TRANSMITTED DISEASE PREVENTIONADDITIONALLY, AS DESCRIBED IN DETAIL IN SCHEDULE A, PART VI, THE FOUNDATION RETAINS AN OWNERSHIP INTEREST AND EFFECTIVE CONTROL OF DLPWILSON HOLDING COMPANY, LLC, WHICH OPERATES THE HOSPITAL AND NURSINGHOME PREVIOUSLY OWNED AND OPERATED BY THE FOUNDATION. THROUGH ITSOWNERSHIP OF DLP WILSON HOLDING COMPANY, LLC, THE FOUNDATION CONTINUESTO SUPPORT PROGRAMS THAT FOSTER THE DELIVERY, QUALITY, OR AFFORDABILITYOF HEALTHCARE OR HEALTHCARE-RELATED SERVICES AND TO SUPPORT ANYACTIVITY DESIGNED AND CARRIED ON TO SERVE THE GENERAL HEALTH ANDWELL-BEING OF THE COMMUNITY; TO AID IN THE INSTRUCTION AND PROMOTION OFRESEARCH AND SCIENTIFIC INVESTIGATION IN ALL BRANCHES OF MEDICINE ANDSURGERY; AND TO SUPPORT ANY EDUCATIONAL ACTIVITIES RELATED TO THE CAREOF THE SICK AND DISABLED, THE PROMOTION OF HEALTH AND PREVENTATIVEMEDICINE, AND THE GENERAL HEALTH AND WELL-BEING OF THE COMMUNITY.

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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 $2,058

Program Service Revenue $2,228,925

Investment Income $3,378,008

Other Revenue $0

TOTAL REVENUE $5,608,991

Expense Breakdown

Grants Paid $5,033,480

Salaries & Benefits $412,659

Fundraising Expenses $0

Program Expenses $5,874,230

Other Expenses $1,142,637

TOTAL EXPENSES $6,588,776

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,608,991	$3,957,650	+0.4%
Expenses	$6,588,776	$12,179,480	-0.5%
Net Income	$-979,785	$-8,221,830	-0.9%

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

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

$223,882

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENISE O'HARA	EXECUTIVE DIRECTOR	40.00	Officer	$211,245	$12,637	$223,882
DEBBIE BRADSHAW	PROGRAMS SPECIALIST	40.00	Highest	$100,435	$4,017	$104,452
CHRIS HILL	CHAIR	1.00	Officer Director	$0	$0	$0
VANCE FORBES	PAST CHAIR	1.00	Officer Director	$0	$0	$0
PAULA BENSON	TREASURER	1.00	Officer Director	$0	$0	$0
DR JERRY WOODARD	SECRETARY	1.00	Officer Director	$0	$0	$0
KRYSTAL COX	TRUSTEE	1.00	Director	$0	$0	$0
TERESA ELLEN	TRUSTEE	1.00	Director	$0	$0	$0
DR ARTHUR SKIP HANSON	TRUSTEE	1.00	Director	$0	$0	$0
KEN JONES	TRUSTEE	1.00	Director	$0	$0	$0
DR JESSICA MCKEE	TRUSTEE	1.00	Director	$0	$0	$0
PAULA MICHALAK	TRUSTEE	1.00	Director	$0	$0	$0
ROSARIO OCHOA	TRUSTEE	1.00	Director	$0	$0	$0
DR PAUL PEREZ-NARVARRO	TRUSTEE	1.00	Director	$0	$0	$0
KURT SCHMIDT	TRUSTEE	1.00	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	No data	No data	No data	No data
2023	$5,608,991	$6,588,776	$184,876,571	$-979,785
2022	$3,957,650	$12,179,480	$169,139,042	$-8,221,830
2021	$10,473,791	$15,252,399	$207,911,505	$-4,778,608
2020	$12,044,405	$2,262,611	$202,901,907	$9,781,794
2019	$7,128,985	$1,796,962	$181,027,077	$5,332,023
2018	$9,684,841	$1,939,949	$163,975,802	$7,744,892