ALAMANCE REGIONAL MEDICAL CENTER FOUNDATION INC

EIN: 581681560 501(c)(3)

GREENSBORO, NC

Total Revenue
$404,426
Total Expenses
$581,659
Total Assets
$8,919,186
Net Assets
$7,714,025
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
NC
Principal Officer
STOKES ANN HUNT
Phone
3368327000
Tax Period
2023-10-01 to 2024-09-30

ALAMANCE REGIONAL MEDICAL CENTER FOUNDATION INC, founded in 1985, is a small nonprofit that reported $404K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $582K exceeded revenue, resulting in a 44% operating deficit.

Mission

TO SUPPORT OPERATIONS OF ALAMANCE REGIONAL MEDICAL CENTER AND IMPROVE THE HEALTH OF THE CITIZENS OF ALAMANCE COUNTY AND ITS SURROUNDING COMMUNITIES.

Program Service Accomplishments

Program 1
Expenses: $570,171 Revenue: $0

TO FURTHER ALAMANCE REGIONAL MEDICAL CENTER'S MISSION TO IMPROVE THE HEALTH OF THE CITIZENS OF ALAMANCE COUNTY AND ITS SURROUNDING COMMUNITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $318,250
Program Service Revenue $0
Investment Income $86,176
Other Revenue $0
TOTAL REVENUE $404,426

Expense Breakdown

Grants Paid $552,146
Salaries & Benefits $0
Fundraising Expenses $2,872
Program Expenses $570,171
Other Expenses $29,513
TOTAL EXPENSES $581,659

Year-over-Year Comparison

2023 2022 Change
Revenue $404,426 $371,619 +0.1%
Expenses $581,659 $422,555 +0.4%
Net Income $-177,233 $-50,936 +2.5%
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

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Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
15
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
5
$0
Total Directors
18
$1,772,569
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ARIDA MD MUHAMMAD TRUSTEE 0.0
Director
$0 $37,610 $902,299
GORDON MARK TRUSTEE 0.0
Director
$0 $87,892 $530,423
HUNT STOKES ANN TRUSTEE & EXECUTIVE DIRECTOR 0.0
Director
$0 $38,510 $173,263
WOOTEN BEN TRUSTEE 0.0
Director
$0 $15,771 $126,827
HOUSTON EMILY TRUSTEE 0.0
Director
$0 $8,749 $39,757
CLARK WILLIAM VICE-CHAIR 0.0
Officer Director
$0 $0 $0
GATTI MD EVAN TRUSTEE 0.0
Director
$0 $0 $0
GIBSON ISAAC TRUSTEE 0.0
Director
$0 $0 $0
HAMPTON BLAIRTON PAST CHAIR 0.0
Officer Director
$0 $0 $0
HUMPHREY TOM CHAIR 0.0
Officer Director
$0 $0 $0
LEWIS MD DANTE TRUSTEE 0.0
Director
$0 $0 $0
LOY SAMANTHA TRUSTEE 0.0
Director
$0 $0 $0
MATHEWS CHRISTINE TRUSTEE 0.0
Director
$0 $0 $0
PARKER EDNA TREASURER 0.0
Officer Director
$0 $0 $0
PATEL MD HETAL TRUSTEE 0.0
Director
$0 $0 $0
SELLARS SHINEECE TRUSTEE 0.0
Director
$0 $0 $0
WHEELER SHARON SECRETARY 0.0
Officer Director
$0 $0 $0
WHITTLE LEIGH ANN TRUSTEE 0.0
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
2024 No data No data No data No data
2024 $404,426 $581,659 $8,919,186 $-177,233
2023 $371,619 $422,555 $7,709,890 $-50,936
2022 $858,491 $686,059 $7,024,519 $172,432
2021 $2,262,392 $937,904 $7,633,641 $1,324,488
2020 $1,440,890 $882,080 $5,965,368 $558,810
2019 $1,580,953 $913,991 $5,061,564 $666,962
2018 $1,245,786 $989,073 $5,192,281 $256,713
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