LENOIR MEMORIAL HOSPITAL FOUNDATIO… - 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

1984

Legal Domicile

Principal Officer

BHARADWAJ MANTHA

Phone

2525227028

Tax Period

2024-07-01 to 2025-06-30

LENOIR MEMORIAL HOSPITAL FOUNDATION INC, founded in 1984, is a small nonprofit that reported $520K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. The organization ran a surplus of $78K, a strong 15% operating margin.

Mission

THE LENOIR MEMORIAL HOSPITAL FOUNDATION OPERATES AS A NON-PROFIT, CHARITABLE FOUNDATION TO FINANCIALLY SUPPORT THE MISSION OF LENOIR MEMORIAL HOSPITAL(DBA UNC HEALTH LENOIR). IT SERVES TO RECEIVE CONTRIBUTIONS, HOLD AND MANAGE ASSETS, MAKE CONTRIBUTIONS TO IMPROVE THE HEALTH STATUS OF THE COMMUNITY, AND ASSIST IN PROVIDING HIGH QUALITY HEALTHCARE AND OUTSTANDING CUSTOMER SERVICE.

Program Service Accomplishments

Program 1

Expenses: $198,950 Revenue: $0

THE FOUNDATIONS PROGRAM SERVICE ACCOMPLISHMENTS INCLUDED PROVIDING LENOIR MEMORIAL HOSPITAL (DBA UNC HEALTH LENOIR) WITH $1,473 FOR BP MONITORS FOR THE COMMUNITY, $16,742 FOR PORTABLE UV DISINFECTION DEVICES, $3,240 FOR TRANSIT TICKETS FOR PATIENTS WITH TRANSPORATION OBSTACLES,$12,469 FOR TRAUMA CONTROL TRAINING, $3,624 FOR 911 RESCUE TOOLS, $1,922 FOR THE CAR SEAT PROGRAM, $2,100 FOR BOXING THERAPY CERTIFICATION, $38,000 FOR THE TEECLEAN DISINFECTION DEVICE, $24,164 FOR NEW CARTS AND CHAIRS, $4,948 FOR THE CANCER SCREENING PROGRAM, $25,249 FOR A DAVINCI SINK STATION, $1,000 TO ASSIST SITE REBUILD AFTER HURRICAN HELEN AND $7,000 FOR NEW INPATIENT REHAB EQUIPMENT. THE FOUNDATION ALSO PROVIDED SCHOLARSHIPS AND AWARDS TOTALING $9,042 AND PROVIDED ASSISTANCE TO HOSPITAL EMPLOYEES AND PATIENTS TOTALING $8,498.

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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 $345,184

Program Service Revenue $0

Investment Income $156,377

Other Revenue $18,324

TOTAL REVENUE $519,885

Expense Breakdown

Grants Paid $159,471

Salaries & Benefits $0

Fundraising Expenses $102,650

Program Expenses $198,950

Other Expenses $281,964

TOTAL EXPENSES $441,435

Year-over-Year Comparison

	2024	2023	Change
Revenue	$519,885	$586,532	-0.1%
Expenses	$441,435	$411,703	+0.1%
Net Income	$78,450	$174,829	-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

N/A

Volunteers

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

$604,774

Total Directors

$688,222

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF WAKEFIELD	FORMER CFO OF UNC HEALTH LENOIR	1.00	Officer Director	$0	$18,882	$134,297
CONSTANCE HENGEL	FORMER FOUNDATION DIRECTOR	40.00	Officer Director	$0	$4,655	$104,300
BHARADWAJ MANTHA	CFO OF UNC HEALTH LENIOR	1.00	Officer Director	$0	$8,950	$259,933
VICKIE ROBINSON	FOUNDATION DIRECTOR	40.00	Officer Director	$0	$8,842	$106,244
DJ LOFTON	BOARD MEMBER	1.00	Director	$0	$5,332	$64,259
PHYLLIS MCCOY	BOARD MEMBER	1.00	Director	$0	$770	$19,189
FRANCES RODRIGUEA-RIVERA	BOARD MEMBER	1.00	Director	$0	$0	$0
CRYSTAL HAYDEN	DIRECTOR/CEO OF UNC HEALTH LENOIR	1.00	Officer Director	$0	$0	$0
AUDRA HADDAD	BOARD MEMBER	1.00	Director	$0	$0	$0
LISA HUNNEKE-LEWIS	BOARD MEMBER	1.00	Director	$0	$0	$0
CARMON JONES	CHAIR	1.00	Officer Director	$0	$0	$0
NATHAN PERRY	BOARD MEMBER	1.00	Director	$0	$0	$0
RUDOLPH MINTZ III	BOARD MEMBER	1.00	Director	$0	$0	$0
AMY PARRIS	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
MIRANDA WIGGINS	BOARD MEMBER	1.00	Director	$0	$0	$0
KAY TURNER	BOARD MEMBER	1.00	Director	$0	$0	$0
IRIS JONES NELSON	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL WHITFIELD	TREASURER	1.00	Officer Director	$0	$0	$0
MATT BROWN	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID MOODY	BOARD MEMBER	1.00	Director	$0	$0	$0
DEANA-MARIE ROSE	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMIE SERRANO	BOARD MEMBER	1.00	Director	$0	$0	$0
LIBBIE TAYLOR	BOARD MEMBER	1.00	Director	$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	$519,885	$441,435	$6,305,358	$78,450
2024	$586,532	$411,703	$5,649,664	$174,829
2023	$641,368	$343,777	$4,981,037	$297,591
2022	$409,584	$386,368	$4,382,017	$23,216
2021	$575,934	$467,353	$4,750,757	$108,581
2020	$492,573	$373,624	$3,729,597	$118,949
2019	$870,265	$514,443	$3,870,635	$355,822

LENOIR MEMORIAL HOSPITAL FOUNDATION INC