NORTH CAROLINA MEDICAL SOCIETY FOUNDATION INC (EIN 566088142) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1966

Legal Domicile

Principal Officer

HURSHELL E BAGGETT JR

Phone

9198333836

Tax Period

2023-01-01 to 2023-12-31

NORTH CAROLINA MEDICAL SOCIETY FOUNDATION INC, founded in 1966, is a community nonprofit that reported $3.3M in total revenue in fiscal year 2023. Revenue surged 147% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.8M, a strong 56% operating margin.

Mission

TO IMPROVE ACCESS TO QUALITY HEALTHCARE FOR ALL NORTH CAROLINIANS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,420,339

Program Service Revenue $199,272

Investment Income $698,663

Other Revenue $0

TOTAL REVENUE $3,318,274

Expense Breakdown

Grants Paid $337,063

Salaries & Benefits $731,159

Fundraising Expenses $107,359

Program Expenses $1,280,406

Other Expenses $405,297

TOTAL EXPENSES $1,473,519

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,318,274	$1,345,809	+1.5%
Expenses	$1,473,519	$1,331,349	+0.1%
Net Income	$1,844,755	$14,460	+126.6%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

$617,409

Total Directors

$372,752

Key Employees

$539,192

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HURSHELL E BAGGETT JR	CEO	52.00	Director	$0	$38,807	$372,752
ASHLEY RODRIGUEZ	CLO	40.00	Officer	$0	$21,591	$207,203
MICHELLE LAWS	DIRECTOR	40.00	Officer	$0	$18,827	$206,288
SHAWN SCOTT	COO	40.00	Officer	$0	$21,952	$203,918
KRISTINA NATT OCH DAG	VP TRAINING	40.00	Key Emp	$166,673	$19,881	$186,554
FRANKLIN WALKER	VP FOUNDATIO	40.00	Key Emp	$161,452	$20,488	$181,940
ASHLEY NEWTON	VP MEMBERSHI	40.00	Key Emp	$0	$20,053	$170,698
ALLAN SKIPPER	VP LIASON	40.00	Highest	$0	$20,003	$166,069
PAMELA HIGHSMITH	VP DEVELOPME	40.00	Highest	$0	$18,756	$142,394
RANDY ALRIDGE	VP COMMUNICA	40.00	Highest	$0	$18,199	$125,262
RIAZ MULLICK	VP FINANCE	40.00	Highest	$0	$13,178	$113,310
LARRY CRAWFORD	VP FINANCE	40.00	Highest	$0	$5,566	$109,278
ARTHUR E APOLINARIO	TRUSTEE	1.00	Director	$0	$0	$0
MARC R CARRUTH	TRUSTEE	1.00	Director	$0	$0	$0
EMILY COLE	TRUSTEE	1.00	Director	$0	$0	$0
SHIRISH DEVASTHALI	TRUSTEE	1.00	Director	$0	$0	$0
PALMER EDWARDS	TRUSTEE	1.00	Director	$0	$0	$0
LELAND GARRETT	TRUSTEE	1.00	Director	$0	$0	$0
CYNTHIA GARY	TRUSTEE	1.00	Director	$0	$0	$0
LACY HOBGOOD	TRUSTEE	1.00	Director	$0	$0	$0
ROY STROWD III	TRUSTEE	1.00	Director	$0	$0	$0
LYNDON K JORDAN	TRUSTEE	1.00	Director	$0	$0	$0
ANDREW S LAMB	PRESIDENT	1.00	Director	$0	$0	$0
JASON NEWTON	TRUSTEE	1.00	Director	$0	$0	$0
KELLY A PRING	TRUSTEE	1.00	Director	$0	$0	$0
TIMOTHY REEDER	TRUSTEE	1.00	Director	$0	$0	$0
OSI UDEKWU	TREASURER	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	$3,318,274	$1,473,519	$24,865,225	$1,844,755
2022	$1,345,809	$1,331,349	$21,133,016	$14,460
2021	$2,368,832	$1,458,725	$25,149,476	$910,107
2020	$25,927,674	$26,171,216	$23,889,243	$-243,542
2019	$4,931,417	$2,127,074	$22,258,921	$2,804,343
2018	$2,619,348	$1,213,083	$20,269,895	$1,406,265

NORTH CAROLINA MEDICAL SOCIETY FOUNDATION INC