HEALTHCARE FOUNDATION OF WILSON (EIN 566024172) - Form 990 Financial Analysis & Trantor Score

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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

TO SUPPORT THE HEALTHCARE NEEDS OF THE PEOPLE OF WILSON COUNTY AND NEIGHBORING COMMUNITIES.

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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

HEALTHCARE FOUNDATION OF WILSON