MEDICAL REVIEW OF NORTH CAROLINA I… - Form 990 Financial Data

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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

1983

Legal Domicile

Principal Officer

KENNETH MCCOSH CPA

Phone

9194615500

Tax Period

2024-08-01 to 2025-07-31

MEDICAL REVIEW OF NORTH CAROLINA INC, founded in 1983, is a mid-sized nonprofit in the Health Care sector that reported $10.2M in total revenue in fiscal year 2024. Expenses of $13.7M exceeded revenue, resulting in a 35% operating deficit.

Mission

CONSTELLATION QUALITY HEALTH STRENGTHENS THE HEALTH AND WELL-BEING OF COMMUNITIES THROUGH A FOCUS ON THE EFFICIENT AND EFFECTIVE DEPLOYMENT OF RESOURCES AND SERVICES.

Program Service Accomplishments

Program 1

Expenses: $2,913,761

EXTERNAL QUALITY REVIEW ORGANIZATION, OUTPATIENT SPECIALIZED THERAPIES, AND PREPAYMENT CLAIMS QUALITY AND COMPLIANCE REVIEW CONTRACT FOR STATE MEDICAID PROGRAMS.

Program 2

Expenses: $298,480

FEDERAL SUBCONTRACTOR PERFORMANCE AS QUALITY INNOVATION NETWORK FOR THE STATE OF SOUTH CAROLINA SERVING MEDICARE RECIPIENTS WORKING WITH CMS QUALITY INITIATIVES.

Program 3

Expenses: $1,410,206

THE CONSTELLATION REGIONAL LEARNING COLLABORATIVE IS AN INITIATIVE THAT BRINGS TOGETHER HEALTHCARE PROVIDERS AND COMMUNITY ORGANIZATIONS ACROSS NORTH CAROLINA, SOUTH CAROLINA, GEORGIA, AND FLORIDA TO STRENGTHEN HOW TEAMS WORK TOGETHER TO PREVENT, DETECT, AND MANAGE HYPERTENSION AND CARDIOVASCULAR DISEASE.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $6,406,029

Program Service Revenue $0

Investment Income $3,747,029

Other Revenue $0

TOTAL REVENUE $10,153,058

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,844,945

Fundraising Expenses $0

Program Expenses $5,955,556

Other Expenses $4,870,712

TOTAL EXPENSES $13,715,657

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,153,058	$10,651,954	0.0%
Expenses	$13,715,657	$12,553,719	+0.1%
Net Income	$-3,562,599	$-1,901,765	+0.9%

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

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

Governance

Voting Members

Independent Members

Employees

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

$807,545

Total Directors

$40,800

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN MANGUM MD	CHAIRMAN (UNTIL 10/24)	2.00	Officer Director	$3,000	$0	$3,000
JEFFREY PERKINS	CHAIRMAN (AS OF 11/24)	2.00	Officer Director	$4,500	$0	$4,500
ANDREA MCCALL	SECRETARY	2.00	Officer Director	$2,500	$0	$2,500
IAN BUCHANAN MD	TREASURER	2.00	Officer Director	$4,000	$0	$4,000
GEORGE BELL	DIRECTOR (AS OF 11/24)	2.00	Director	$500	$0	$500
CLYDE L BROOKS JR MD	DIRECTOR	2.00	Director	$2,500	$0	$2,500
DONALD DIPETTE MD	DIRECTOR	2.00	Director	$3,625	$0	$3,625
QUINCE FLEMING MD	DIRECTOR	2.00	Director	$1,500	$0	$1,500
CHARLES FROCK	DIRECTOR	2.00	Director	$2,500	$0	$2,500
PAUL KECKLEY	DIRECTOR	2.00	Director	$2,500	$0	$2,500
DANIEL LACKLAND	DIRECTOR	2.00	Director	$4,675	$0	$4,675
JOHN MAGILL	DIRECTOR (UNTIL 11/24)	2.00	Director	$2,500	$0	$2,500
MEERA NARASIMHAN MD	DIRECTOR	2.00	Director	$2,500	$0	$2,500
KATHY SCHWARTING	DIRECTOR	2.00	Director	$2,000	$0	$2,000
SUE TOLLESON-RINEHART	DIRECTOR (AS OF 11/24)	2.00	Director	$500	$0	$500
CORNELL WRIGHT	DIRECTOR	2.00	Director	$1,500	$0	$1,500
STEVEN MARTIN	PRESIDENT AND CEO	40.00	Officer	$436,528	$33,030	$469,558
STEPHEN DILLE	CHIEF OPERATING & FINANCIAL OFFICER	40.00	Officer	$297,836	$26,151	$323,987
PRISCILLA SMITH	DIRECTOR OF STATE REVIEW SERVICES	40.00	Highest	$204,416	$11,065	$215,481
RICHARD MENNUTI	VP, FRAUD, WASTE & ABUSE	40.00	Highest	$201,817	$10,969	$212,786
JULIE BATEMAN	SR. DIRECTOR, PROGRAM SOLUTIONS	40.00	Highest	$165,471	$8,968	$174,439
CHRISTOPHER AIELLO	DIRECTOR OF BUSINESS DEVELOPMENT	40.00	Highest	$163,869	$8,854	$172,723
MATT BARNES	SOFTWARE DEVELOPMENT ENGINEER	40.00	Highest	$137,485	$8,189	$145,674

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	$10,153,058	$13,715,657	$30,313,782	$-3,562,599
2024	$10,651,954	$12,553,719	$34,552,372	$-1,901,765
2023	$5,474,831	$10,321,749	$35,550,312	$-4,846,918
2022	$10,941,934	$7,882,521	$38,116,214	$3,059,413
2021	$12,590,168	$8,150,311	$41,578,127	$4,439,857
2020	$9,187,809	$7,704,045	$33,356,545	$1,483,764
2019	$10,645,667	$7,918,525	$29,771,732	$2,727,142
2018	$11,276,383	$8,117,731	$28,188,329	$3,158,652

MEDICAL REVIEW OF NORTH CAROLINA INC