FOUNDATION FOR HEALTH LEADERSHIP AND INNOVATION

EIN: 581461316 501(c)(3)

CARY, NC

Total Revenue
$8,908,242
Total Expenses
$10,147,704
Total Assets
$15,015,637
Net Assets
$13,735,552
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
NC
Principal Officer
DAVID REESE
Phone
9198210485
Tax Period
2024-07-01 to 2025-06-30

FOUNDATION FOR HEALTH LEADERSHIP AND INNOVATION, founded in 1982, is a community nonprofit that reported $8.9M in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $10.1M exceeded revenue, resulting in a 14% operating deficit.

Mission

LEVERAGE PRIVATE AND PUBLIC RESOURCES, EXPAND HEALTHCARE ACCESS, AND IMPROVE HEALTH STATUS FOR ALL NORTH CAROLINIANS.

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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 $331,310
Program Service Revenue $7,885,800
Investment Income $754,260
Other Revenue $-63,128
TOTAL REVENUE $8,908,242

Expense Breakdown

Grants Paid $70,962
Salaries & Benefits $2,357,802
Fundraising Expenses $0
Program Expenses $8,864,102
Other Expenses $7,718,940
TOTAL EXPENSES $10,147,704

Year-over-Year Comparison

2024 2023 Change
Revenue $8,908,242 $12,831,456 -0.3%
Expenses $10,147,704 $11,444,742 -0.1%
Net Income $-1,239,462 $1,386,714 -1.9%
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

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
28
Volunteers
16

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
6
$459,136
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ADAM ZOLOTOR MD DRPH MEMBER-AT-LARGE 5.00
Director
$0 $0 $0
KEVIN FITZGERALD MPA MEMBER-AT-LARGE 5.00
Director
$0 $0 $0
CHERRY BEASLEY PHDMSFNPRNCNE BOARD MEMBER 2.00
Director
$0 $0 $0
LISA HARRISON MPH BOARD MEMBER 2.00
Director
$0 $0 $0
MATTHEW LEATHERMAN BOARD MEMBER 2.00
Director
$0 $0 $0
KAREN SMITH MD BOARD MEMBER 2.00
Director
$0 $0 $0
PATRICIA ANN MOORE-BOYETTE CPA BOARD MEMBER 2.00
Director
$0 $0 $0
PAULA SWEPSON-AVERY BOARD MEMBER 2.00
Director
$0 $0 $0
KIM SCHWARTZ MA CHAIR 8.00
Officer Director
$0 $0 $0
KAREN ROGERS CPA TREASURER 5.00
Officer Director
$0 $0 $0
TINA MARKANDA MBA MSPH VICE CHAIR 5.00
Officer Director
$0 $0 $0
PAMELA HIGHSMITH MED CFRE SECRETARY 5.00
Officer Director
$0 $0 $0
DAVID REESE PRESIDENT/CEO (THR 12/31/24) 40.00
Officer
$243,911 $42,150 $286,061
JEAN SHAW CFO 40.00
Officer
$148,986 $24,089 $173,075
AYANA SIMON DIRECTOR OF NCCARE360 (THR 12/31/24) 40.00
Highest
$115,130 $20,737 $135,867
BRANDY HARRELL CHIEF OF STAFF (THR 3/20/2025) 40.00
Highest
$132,512 $21,322 $153,834
ERIKA ALIFF HEAD OF DEVELOPMENT 40.00
Highest
$114,150 $20,750 $134,900
JOE STEVE CLINE VP NCOHC 20.00
Highest
$122,156 $20,779 $142,935
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 $8,908,242 $10,147,704 $15,015,637 $-1,239,462
2024 $12,831,456 $11,444,742 $17,006,925 $1,386,714
2023 $12,746,273 $10,999,068 $14,653,127 $1,747,205
2022 $9,504,536 $9,121,465 $17,212,998 $383,071
2021 $9,034,297 $9,814,170 $12,966,335 $-779,873
2020 $8,931,245 $6,421,299 $11,945,522 $2,509,946
2019 $3,775,253 $5,086,502 $8,870,737 $-1,311,249
2018 $4,691,064 $3,421,206 $9,950,231 $1,269,858
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