WINSTON SALEM, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)CAROLINA MEDICORP ENTERPRISES INC, founded in 1981, is a community nonprofit that reported $4.2M in total revenue in fiscal year 2022. Revenue fell 90% from the prior year — a significant decline worth monitoring.
CAROLINA MEDICORP ENTERPRISES DOING BUSINESS AS NOVANT HEALTH-GOHEALTH URGENT CARE, IS AN INTEGRAL PART OF THE NOVANT HEALTH SYSTEM (COLLECTIVELY KNOWN AS "NOVANT HEALTH"), A NOT-FOR-PROFIT INTEGRATED GROUP OF HOSPITALS, PHYSICIAN CLINICS, OUTPATIENT CENTERS AND OTHER HEALTHCARE SERVICE PROVIDERS. THE NOVANT HEALTH NETWORK CONSISTS OF MORE THAN 1,800 PHYSICIANS AND OVER 35,000 TEAM MEMBERS THAT PROVIDE CARE AT NEARLY 800 LOCATIONS, INCLUDING 15 MEDICAL CENTERS AND HUNDREDS OF OUTPATIENT FACILITIES AND PHYSICIAN CLINICS. HEADQUARTERED IN WINSTON-SALEM, NORTH CAROLINA, NOVANT HEALTH IS COMMITTED TO MAKING HEALTHCARE REMARKABLE FOR PATIENTS AND COMMUNITIES PROVIDING NEARLY SIX MILLION PATIENT VISITS ANNUALLY. NOVANT HEALTH-GOHEALTH URGENT CARE PROVIDES PROVIDER AND OTHER CLINICAL SUPPORT TO THE JOINT VENTURE OPERATIONS OF NOVANT HEALTH-GOHEALTH URGENT CARE WHICH OPERATES MULTIPLE CLINICS PROVIDING URGENT CARE AND OCCUPATIONAL MEDICINE SERVICES IN NORTH CAROLINA. NOVANT HEALTH-GOHEALTH URGENT CARE OFFERS EXTENDED OFFICE HOURS AND DEPENDABLE MEDICAL COVERAGE FOR UNEXPECTED HEALTH NEEDS, MINOR MEDICAL EMERGENCIES AND BASIC FAMILY MEDICINE SERVICES. EACH CLINIC PROVIDES MEDICAL CARE IN LOCAL NEIGHBORHOODS AND COMMUNITIES, COLLECTIVELY WORKING TOGETHER TO IMPROVE THE PRACTICE OF MEDICINE. IN JANUARY 2023, THE ORGANIZATION CONVERTED TO A LIMITED LIABILITY COMPANY WHOLLY OWNED BY NOVANT HEALTH, INC, A TAX-EXEMPT HEALTHCARE ORGANIZATION, AND ALL CONTINUING OPERATIONS ARE REPORTED ON THE NOVANT HEALTH, INC.'S FORM 990.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $4,224,741 | $42,072,647 | -0.9% |
| Expenses | $4,588,651 | $50,344,323 | -0.9% |
| Net Income | $-363,910 | $-8,271,676 | -1.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ROBERT BARR MD | TRUSTEE | 0.20 |
Director
|
$0 | $0 | $0 |
| JOSEPH ELY | VICE CHAIR | 0.20 |
Officer
Director
|
$0 | $0 | $0 |
| DANIEL MURPHY MD | CHAIR | 0.20 |
Officer
Director
|
$0 | $0 | $0 |
| PAMELA OLIVER MD | PRESIDENT | 0.20 |
Officer
Director
|
$0 | $0 | $0 |
| DANIELLE SQUIRES | TRUSTEE | 0.20 |
Director
|
$0 | $0 | $0 |
| DOUGLAS YOUNG PHD | SECRETARY/TREASURER | 0.20 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2023 | $4,224,741 | $4,588,651 | No data | $-363,910 |
| 2022 | $42,072,647 | $50,344,323 | $7,419,758 | $-8,271,676 |
| 2021 | $46,315,888 | $36,084,447 | $11,898,708 | $10,231,441 |
| 2020 | $32,409,175 | $45,740,998 | $12,131,974 | $-13,331,823 |
| 2019 | $25,296,771 | $32,830,917 | $21,626,892 | $-7,534,146 |
| 2018 | $36,956,062 | $42,944,537 | $7,861,916 | $-5,988,475 |
Compare CAROLINA MEDICORP ENTERPRISES INC with other nonprofits in North Carolina and across the country.