WAYNE HEALTH FOUNDATION INC

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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

1994

Legal Domicile

Phone

9197316142

Tax Period

2024-07-01 to 2025-06-30

WAYNE HEALTH FOUNDATION INC, founded in 1994, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $2.1M left a modest 4% surplus.

Mission

WAYNE HEALTH FOUNDATION CONDUCTS FUNDRAISING ACTIVITIES TO GENERATE REVENUE TO SUPPORT WAYNE MEMORIAL HOSPITAL AND WAYNE HEALTH CORPORATIONS AND TO PROMOTE THE WELFARE OF THE CITIZENS OF WAYNE COUNTY.

Program Service Accomplishments

Program 1

Expenses: $2,055,816 Revenue: $0

WAYNE HEALTH FOUNDATION, INC. (DBA WATCH) HAS A MISSION TO PROVIDE A MEDICAL HOME WITH QUALITY PRIMARY, PREVENTIVE AND ACUTE HEALTHCARE TO THE UNINSURED OF WAYNE COUNTY, NC. IN FISCAL YEAR 2025...

WAYNE HEALTH FOUNDATION, INC. (DBA WATCH) HAS A MISSION TO PROVIDE A MEDICAL HOME WITH QUALITY PRIMARY, PREVENTIVE AND ACUTE HEALTHCARE TO THE UNINSURED OF WAYNE COUNTY, NC. IN FISCAL YEAR 2025, WATCH SPENT 2,048 HOURS PROVIDING CARE TO UNINSURED PATIENTS, ATTAINED 227 NEW PATIENTS AND MADE A TOTAL OF 5,108 FREE PATIENT VISITS. THE PRESCRIPTION ASSISTANCE PROGRAM PROVIDED $2.74 MILLION IN FREE CHRONIC MEDICATIONS TO THESE PATIENTS. THE ONSITE PHARMACY PROVIDED 1,933 FREE PRESCRIPTIONS TO 805 UNINSURED PATIENTS VALUED AT $209,727.

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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 $2,167,919

Program Service Revenue $0

Investment Income $0

Other Revenue $-22,769

TOTAL REVENUE $2,145,150

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,055,816

Other Expenses $2,055,816

TOTAL EXPENSES $2,055,816

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,145,150	$2,475,350	-0.1%
Expenses	$2,055,816	$2,370,317	-0.1%
Net Income	$89,334	$105,033	-0.1%

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

$1,050,254

Total Directors

$580,506

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALICE LEE-ELMORE	EXECUTIVE DIRECTOR	40.0	Officer Director	$0	$37,055	$239,594
BILL PATE	SECRETARY	1.0	Officer Director	$0	$0	$0
BRANNY VICKORY III	VICE CHAIRMAN	1.0	Officer Director	$0	$0	$0
CHARLOTTE WEAVER	CHAIRMAN	1.0	Officer Director	$0	$0	$0
DOUGLAS HARRISON	TREASURER	1.0	Officer Director	$0	$55,270	$340,912
JESSIE L TUCKER III	PRESIDENT & CEO	1.0	Officer Director	$0	$0	$0
JIMMIE FORD	VICE CHAIRMAN	1.0	Officer Director	$0	$0	$0
CLARK GAITHER MD	BOARD MEMBER	1.0	Director	$0	$0	$0
FREEMAN HARDISON	BOARD MEMBER	1.0	Director	$0	$0	$0
KEITH CLARKE MD	BOARD MEMBER	1.0	Director	$0	$0	$0
LAURA MILLAY	BOARD MEMBER	1.0	Director	$0	$0	$0
MARY KAY JAMES	BOARD MEMBER	1.0	Director	$0	$0	$0
SCOTT NEWTON	BOARD MEMBER	1.0	Director	$0	$0	$0
STEPHEN BRYAN	BOARD MEMBER	1.0	Director	$0	$0	$0
SUSAN MCCALL	BOARD MEMBER	1.0	Director	$0	$0	$0
T KENDALL GERRARD	BOARD MEMBER	1.0	Director	$0	$0	$0
TREY TAYLOR III	BOARD MEMBER	1.0	Director	$0	$0	$0
WILLIAM THOMA	CHIEF FINANCIAL OFFICER	1.0	Officer	$0	$45,647	$469,748

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	$2,145,150	$2,055,816	$2,069,679	$89,334
2024	$2,475,350	$2,370,317	$1,787,127	$105,033
2023	$2,646,127	$2,624,301	$1,740,831	$21,826
2022	$2,090,693	$2,067,672	$1,526,007	$23,021
2021	$1,119,161	$1,048,801	$1,085,556	$70,360
2020	$1,174,167	$1,131,519	$950,084	$42,648
2019	$799,477	$939,021	$933,453	$-139,544
2018	$1,340,507	$901,947	$1,076,197	$438,560