SOUTH ROBESON MEDICAL DEV CORP

EIN: 581384328 501(c)(3) Medical Research

FAIRMONT, NC

Total Revenue
$106,404
Total Expenses
$32,296
Total Assets
$1,048,757
Net Assets
$715,274
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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
1979
Legal Domicile
NC
Principal Officer
WAYLAND B LENNON III
Phone
9107408799
Tax Period
2025-01-01 to 2025-12-31

SOUTH ROBESON MEDICAL DEV CORP, founded in 1979, is a small nonprofit in the Medical Research sector that reported $106K in total revenue in fiscal year 2025. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $74K, a strong 70% operating margin.

Mission

TO RECRUIT AND SUPPORT MEDICAL STAFF AND FACILITIES FOR RURAL NC.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $37,240
Other Revenue $69,164
TOTAL REVENUE $106,404

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $31,446
Other Expenses $32,296
TOTAL EXPENSES $32,296

Year-over-Year Comparison

2025 2024 Change
Revenue $106,404 $83,316 +0.3%
Expenses $32,296 $17,217 +0.9%
Net Income $74,108 $66,099 +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

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
5

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
2
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WAYLON B LENNON III CHAIRMAN 5.00
Officer
$0 $0 $0
JOSEPH P MITCHELL TREASURER/SECRETARY 5.00
Officer
$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
2025 $106,404 $32,296 $1,048,757 $74,108
2024 $83,316 $17,217 $920,546 $66,099
2023 $19,019 $22,238 $500,303 $-3,219
2022 $41,585 $11,500 $503,522 $30,085
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