Old North State Medical Society

EIN: 566060861 501(c)(3)

Greensboro, NC

Total Revenue
$233,380
Total Expenses
$395,159
Total Assets
$593,221
Net Assets
$586,084
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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
1975
Legal Domicile
NC
Principal Officer
Dr Faith Lockett-Gardner
Phone
3369443266
Tax Period
2024-01-01 to 2024-12-31

Old North State Medical Society, founded in 1975, is a small nonprofit that reported $233K in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $395K exceeded revenue, resulting in a 69% operating deficit.

Mission

Health education and enhancement

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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 (2024)

Revenue Breakdown

Contributions & Grants $233,380
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $233,380

Expense Breakdown

Grants Paid $0
Salaries & Benefits $153,454
Fundraising Expenses $0
Program Expenses $294,461
Other Expenses $241,705
TOTAL EXPENSES $395,159

Year-over-Year Comparison

2024 2023 Change
Revenue $233,380 $297,126 -0.2%
Expenses $395,159 $545,372 -0.3%
Net Income $-161,779 $-248,246 -0.3%
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
16
Independent Members
16
Employees
2
Volunteers
N/A

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
4
$110,000
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Zenobia Edward Executive Director 40.00
Officer
$110,000 $0 $110,000
Dr Brian Shackleford President 10.00
Officer Director
$0 $0 $0
Dr Faith Lockett -Gardner Treasurer 2.00
Officer Director
$0 $0 $0
Dr George Kilpatrick President Elect 5.00
Officer Director
$0 $0 $0
Dr Tracei Ball Member 2.00
Director
$0 $0 $0
Dr Edwin Burkett Member 6.00
Director
$0 $0 $0
Dr Stephen Cockburn Member 2.00
Director
$0 $0 $0
Dr Charlene Green Member 2.00
Director
$0 $0 $0
Dr Ibazebo Wesley Member 10.00
Director
$0 $0 $0
Dr Mary Elizabeth Gaffney Member 6.00
Director
$0 $0 $0
Dr Shaniqua McGraw Member 1.00
Director
$0 $0 $0
Dr Sean McLean Member 10.00
Director
$0 $0 $0
Dr Candace Parker-Autry Member 10.00
Director
$0 $0 $0
Dr Kimberly Shelton Member 3.00
Director
$0 $0 $0
Dr Ira Smith Member 2.00
Director
$0 $0 $0
Dr Vernon Stringer Member 10.00
Director
$0 $0 $0
Dr Edward Treadwell Member 2.00
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 $233,380 $395,159 $593,221 $-161,779
2023 $297,126 $545,372 $751,458 $-248,246
2022 $4,073,681 $3,489,972 $1,153,130 $583,709
2021 $3,206,450 $3,557,488 $598,588 $-351,038
2020 $1,909,887 $1,194,956 $767,695 $714,931
2020 $1,909,887 $1,195,456 $767,195 $714,431
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