THE MEDICAL FOUNDATION OF WAKE FOREST UNIVERSITY HEALTH SCIENCES AND NORTH CAR (EIN 566036688) - 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

1952

Legal Domicile

Principal Officer

JULIE A FREISCHLAG MD

Phone

3367164445

Tax Period

2023-01-01 to 2023-12-31

THE MEDICAL FOUNDATION OF WAKE FOREST UNIVERSITY HEALTH SCIENCES AND NORTH CAR, founded in 1952, is a micro nonprofit in the Health Care sector that reported $72K in total revenue in fiscal year 2023. Revenue surged 501% from the prior year, signaling strong growth momentum.

Mission

TO AID AND PROMOTE, BY FINANCIAL ASSISTANCE AND OTHERWISE, ALL TYPES OF EDUCATION, SERVICE, AND RESEARCH IN THE FIELDS OF PREVENTIVE AND CURATIVE MEDICINE.

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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 $0

Program Service Revenue $0

Investment Income $167,869

Other Revenue $-96,007

TOTAL REVENUE $71,862

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2023	2022	Change
Revenue	$71,862	$11,953	+5.0%
Expenses	N/A	N/A	N/A
Net Income	N/A	$11,953	N/A

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

N/A

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

$7,841,436

Total Directors

$5,244,157

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIE ANN FREISCHLAG MD	TRUSTEE & PRESIDENT	0.10	Officer Director	$0	$50,088	$5,244,157
BRADLEY A CLARK	TRUSTEE & TREASURER	0.10	Officer	$1,431,976	$145,795	$1,577,771
J MCLAIN WALLACE JR	SECRETARY	0.10	Officer	$983,574	$35,934	$1,019,508

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	$71,862	No data	$12,496,242	No data
2022	$11,953	No data	$12,150,271	No data
2021	$119,121	No data	$12,625,570	No data
2021	$302,490	No data	$12,352,332	No data
2020	$-15,330	No data	$10,844,483	No data
2019	$59,373	No data	$10,811,313	No data
2018	$208,073	$104,519	$10,723,144	$103,554

THE MEDICAL FOUNDATION OF WAKE FOREST UNIVERSITY HEALTH SCIENCES AND NORTH CAR