MEDICAL REVIEW OF NORTH CAROLINA INC (EIN 581567854) - Form 990 Financial Analysis & Trantor Score

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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

STEVEN MARTIN

Phone

9194615500

Tax Period

2023-08-01 to 2024-07-31

MEDICAL REVIEW OF NORTH CAROLINA INC, founded in 1983, is a mid-sized nonprofit in the Health Care sector that reported $10.7M in total revenue in fiscal year 2023. Revenue surged 95% from the prior year, signaling strong growth momentum. Expenses of $12.6M exceeded revenue, resulting in a 18% 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.

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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 (2023)

Revenue Breakdown

Contributions & Grants $7,571,282

Program Service Revenue $0

Investment Income $3,080,672

Other Revenue $0

TOTAL REVENUE $10,651,954

Expense Breakdown

Grants Paid $520,000

Salaries & Benefits $7,160,821

Fundraising Expenses $0

Program Expenses $5,773,754

Other Expenses $4,872,898

TOTAL EXPENSES $12,553,719

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,651,954	$5,474,831	+0.9%
Expenses	$12,553,719	$10,321,749	+0.2%
Net Income	$-1,901,765	$-4,846,918	-0.6%

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

$731,606

Total Directors

$39,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN MANGUM MD	CHAIRMAN	2.00	Officer Director	$2,500	$0	$2,500
JEFFREY PERKINS	VICE-CHAIRMAN	2.00	Officer Director	$3,000	$0	$3,000
ANDREA MCCALL	SECRETARY	2.00	Officer Director	$2,000	$0	$2,000
IAN BUCHANAN MD	TREASURER	2.00	Officer Director	$3,000	$0	$3,000
CHARLES FROCK	DIRECTOR	2.00	Director	$2,000	$0	$2,000
PAUL KECKLEY	DIRECTOR	2.00	Director	$10,500	$0	$10,500
DANIEL LACKLAND	DIRECTOR	2.00	Director	$1,000	$0	$1,000
JOHN MAGILL	DIRECTOR	2.00	Director	$2,000	$0	$2,000
MEERA NARASIMHAN MD	DIRECTOR	2.00	Director	$2,000	$0	$2,000
MICHELLE BROOKS	DIRECTOR TO 11/2023	2.00	Director	$2,500	$0	$2,500
DONALD DIPETTE MD	DIRECTOR TO 11/2023	2.00	Director	$2,000	$0	$2,000
QUINCE FLEMING MD	DIRECTOR TO 8/2023	2.00	Director	$2,500	$0	$2,500
KAREN REEVES	DIRECTOR TO 11/2023	2.00	Director	$2,500	$0	$2,500
CORNELL WRIGHT	DIRECTOR TO 8/2023	2.00	Director	$1,500	$0	$1,500
CLYDE L BROOKS JR MD	DIRECTOR	2.00	Director	$0	$0	$0
KATHY SCHWARTING	DIRECTOR	2.00	Director	$0	$0	$0
STEVEN MARTIN	PRESIDENT AND CEO	40.00	Officer	$413,427	$34,580	$448,007
STEPHEN DILLE	CHIEF OPERATING & FINANCIAL OFFICER	40.00	Officer	$255,659	$17,440	$273,099
PRISCILLA SMITH	DIRECTOR OF STATE REVIEW SERVICES	40.00	Highest	$167,829	$24,593	$192,422
CHRISTOPHER AIELLO	DIRECTOR OF BUSINESS DEVELOPMENT	40.00	Highest	$146,265	$23,279	$169,544
MATT BARNES	SOFTWARE DEVELOPMENT ENGINEER	40.00	Highest	$123,980	$21,779	$145,759
AMY MCKENNA	CONTRACT MANAGER	40.00	Highest	$115,300	$21,221	$136,521
CHERYL POWELL	DIRECTOR OF FINANCE	40.00	Highest	$114,080	$21,220	$135,300

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	$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