CATAWBA MEDICAL FOUNDATION INC

EIN: 581680281 501(c)(3) Health Care

HICKORY, NC

Total Revenue
$769,459
Total Expenses
$498,660
Total Assets
$3,658,245
Net Assets
$3,658,245
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
NC
Principal Officer
GUY GUARINO JR
Phone
8283263670
Tax Period
2022-07-01 to 2023-06-30

CATAWBA MEDICAL FOUNDATION INC, founded in 1987, is a small nonprofit in the Health Care sector that reported $769K in total revenue in fiscal year 2022. Revenue fell 45% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $271K, a strong 35% operating margin.

Mission

THE FOUNDATION RAISES FUNDS IN SUPPORT OF CATAWBA VALLEY MEDICAL CENTER AND ITS CAREGIVERS TO FULFILL THE HOSPITAL MISSION TO DELIVER EXCEPTIONAL HEALTHCARE, EVERY PERSON, EVERY TIME.

Program Service Accomplishments

Program 1
Expenses: $545,286

FINANCIAL SUPPORT FOR CATAWBA VALLEY MEDICAL CENTER, A NON-PROFIT, COMMUNITY HOSPITAL.

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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 (2022)

Revenue Breakdown

Contributions & Grants $769,459
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $769,459

Expense Breakdown

Grants Paid $545,286
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $545,286
Other Expenses $-46,626
TOTAL EXPENSES $498,660

Year-over-Year Comparison

2022 2021 Change
Revenue $769,459 $1,409,748 -0.5%
Expenses $498,660 $646,126 -0.2%
Net Income $270,799 $763,622 -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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Governance

Voting Members
19
Independent Members
19
Employees
N/A
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
3
$268,682
Total Directors
21
$268,682
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GUY GUARINO JR CHIEF DEVELOPMENT OFFICER 40.00
Officer Director
$0 $18,490 $268,682
GAYE TUCKER BOARD MEMBER 2.00
Director
$0 $0 $0
BOBBY LINEBARGER BOARD MEMBER 2.00
Director
$0 $0 $0
DR KATHY WILSON BOARD MEMBER 2.00
Director
$0 $0 $0
PHIL ARMSTRONG BOARD MEMBER 2.00
Director
$0 $0 $0
COLBY BOLICK PRESIDENT 2.00
Officer Director
$0 $0 $0
BETH WATTS ROGERS BOARD MEMBER 2.00
Director
$0 $0 $0
JOHANN LOUCHEZ BOARD MEMBER 2.00
Director
$0 $0 $0
NANCY MILLER BOARD MEMBER 2.00
Director
$0 $0 $0
MARSHALL DEAL BOARD MEMBER 2.00
Director
$0 $0 $0
TOM TAYLOR BOARD MEMBER 2.00
Director
$0 $0 $0
KIMBERLY WHITLEY OF-COUNSEL 2.00
Director
$0 $0 $0
STEPHANIE LOGAN TREASURER 2.00
Officer Director
$0 $0 $0
CHRISTY SIGMON BOARD MEMBER 2.00
Director
$0 $0 $0
KELLY JONES WILLIAMS BOARD MEMBER 2.00
Director
$0 $0 $0
RYAN LOVE BOARD MEMBER 2.00
Director
$0 $0 $0
HELEN DECUZZI BOARD MEMBER 2.00
Director
$0 $0 $0
JENNIFER ECKERD BOARD MEMBER 2.00
Director
$0 $0 $0
HONEY ESTRADA BOARD MEMBER 2.00
Director
$0 $0 $0
DENNIS JOHNSON EX OFFICIO 2.00
Director
$0 $0 $0
BARBARA BEATTY BOARD MEMBER 2.00
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 No data No data No data No data
2024 No data No data No data No data
2023 $769,459 $498,660 $3,658,245 $270,799
2022 $1,409,748 $646,126 $3,387,446 $763,622
2021 $2,279,522 $770,225 $2,645,852 $1,509,297
2020 $1,128,376 $1,218,250 $1,114,527 $-89,874
2019 $1,483,094 $1,488,774 $1,204,498 $-5,680
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