THE REX HEALTHCARE FOUNDATION INC (EIN 566052117) - 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

1958

Legal Domicile

Principal Officer

Ernie Bovio

Phone

9197844447

Tax Period

2021-07-01 to 2022-06-30

THE REX HEALTHCARE FOUNDATION INC, founded in 1958, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2021. Revenue decreased 17% compared to the prior year. The organization ran a surplus of $1.1M, a strong 46% operating margin.

Mission

TO PROVIDE OPPORTUNITIES FOR OUR COMMUNITY TO INVEST RESOURCES IN THE EXCELLENT WORK OF UNC REX HEALTHCARE

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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 (2021)

Revenue Breakdown

Contributions & Grants $1,787,678

Program Service Revenue $0

Investment Income $626,302

Other Revenue $0

TOTAL REVENUE $2,413,980

Expense Breakdown

Grants Paid $731,385

Salaries & Benefits $0

Fundraising Expenses $532,615

Program Expenses $731,385

Other Expenses $557,189

TOTAL EXPENSES $1,298,119

Year-over-Year Comparison

	2021	2020	Change
Revenue	$2,413,980	$2,916,084	-0.2%
Expenses	$1,298,119	$1,718,268	-0.2%
Net Income	$1,115,861	$1,197,816	-0.1%

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

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

$3,424,185

Total Directors

$5,740,945

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WESLEY A BURKS MD	DIRECTOR	1.0	Director	$0	$575,059	$2,462,222
STEPHEN W BURRISS	DIRECTOR	1.0	Director	$0	$242,300	$1,477,456
ERNEST L BOVIO JR	PRESIDENT	1.0	Officer Director	$0	$125,392	$919,303
RIG S PATEL MD	DIRECTOR	1.0	Director	$0	$37,646	$881,964
ANDREW K ZUKOWSKI	TREASURER	1.0	Officer	$0	$76,311	$545,333
Kirsten S Riggs	VICE PRESIDENT	1.0	Officer	$0	$80,783	$522,423
Gary L Park	Former Director	0.0		$0	$163,235	$516,484
SYLVIA D HACKETT	VICE PRESIDENT	1.0	Officer	$0	$83,468	$509,914
TATE M BOMBARD	SECRETARY	1.0	Officer	$0	$61,988	$405,165
BENJAMIN J MATHEW	ASST TREASURER/ASST SECRETARY	1.0	Officer	$0	$31,910	$331,403
Meghan E Hooley	ASST TREASURER/ASST SECRETARY	1.0	Officer	$0	$19,973	$190,644
KEVIN T ANDERSON	DIRECTOR	1.0	Director	$0	$0	$0
CATHARINE B ARROWOOD	DIRECTOR/VICE CHAIRMAN	1.0	Officer Director	$0	$0	$0
TERESA C ARTIS	DIRECTOR	1.0	Director	$0	$0	$0
ANN S COLLINS MD	DIRECTOR/CHAIRMAN	1.0	Officer Director	$0	$0	$0
COURTNEY A CROWDER	DIRECTOR	1.0	Director	$0	$0	$0
MELISSA A FITZPATRICK	DIRECTOR	1.0	Director	$0	$0	$0
KEVIN D HOWELL	DIRECTOR	1.0	Director	$0	$0	$0
DAVID F MILLS	DIRECTOR	1.0	Director	$0	$0	$0
ROBERT B OAKES	DIRECTOR	1.0	Director	$0	$0	$0
BOBBY T PARKER	DIRECTOR	1.0	Director	$0	$0	$0
Marilyn R Pearson MD	Director	1.0	Director	$0	$0	$0
JASON T SANDNER	DIRECTOR	1.0	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
2022	$2,413,980	$1,298,119	No data	$1,115,861
2021	$2,916,084	$1,718,268	$7,822,343	$1,197,816
2020	$3,399,183	$2,126,270	$5,851,305	$1,272,913
2019	$2,761,529	$2,289,950	$4,852,653	$471,579
2018	$5,373,866	$5,382,942	$5,302,106	$-9,076

THE REX HEALTHCARE FOUNDATION INC