Healthcare Foundation of Cleveland County

EIN: 581905479 501(c)(3) Health Care

Shelby, NC

Total Revenue
$270,632
Total Expenses
$211,495
Total Assets
$1,654,419
Net Assets
$1,654,419
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
NC
Principal Officer
Richard Baker
Phone
9804873028
Tax Period
2024-01-01 to 2024-12-31

Healthcare Foundation of Cleveland County, founded in 1989, is a small nonprofit in the Health Care sector that reported $271K in total revenue in fiscal year 2024. The organization ran a surplus of $59K, a strong 22% operating margin.

Mission

To support, supplement, enhance and enrich hospital facilities, programs, and services in Cleveland county and related programs designed to improve the health and wellness of the citizens of Cleveland county.

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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 (2024)

Revenue Breakdown

Contributions & Grants $175,614
Program Service Revenue $0
Investment Income $47,692
Other Revenue $47,326
TOTAL REVENUE $270,632

Expense Breakdown

Grants Paid $125,723
Salaries & Benefits $0
Fundraising Expenses $34,822
Program Expenses $133,110
Other Expenses $85,772
TOTAL EXPENSES $211,495

Year-over-Year Comparison

2024 2023 Change
Revenue $270,632 $252,299 +0.1%
Expenses $211,495 $168,573 +0.3%
Net Income $59,137 $83,726 -0.3%
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

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Governance

Voting Members
14
Independent Members
14
Employees
N/A
Volunteers
15

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
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dr Michael Barringer Chairman 0.00
Officer Director
$0 $0 $0
Skip Warrick Vice Chairman 0.00
Officer Director
$0 $0 $0
Scoot Dixon Secretary 0.00
Officer Director
$0 $0 $0
Dr Christina Hill Treasurer 0.00
Officer Director
$0 $0 $0
Tiffany Hansen Member At Large 0.00
Director
$0 $0 $0
Chris Gash Member At Large 0.00
Director
$0 $0 $0
Tropzie McCluney Member at Large 0.00
Director
$0 $0 $0
Scott Neisler Member at Large 0.00
Director
$0 $0 $0
Emily Epley Member at Large 0.00
Director
$0 $0 $0
Patrick Vollmer Member at Large 0.00
Director
$0 $0 $0
Dr Lauren Massey Williams Member at Large 0.00
Director
$0 $0 $0
Dick Baker Executive Dir. 50.00
Officer Director
$0 $0 $0
Ashley Kernicky Member at Large 0.00
Director
$0 $0 $0
Josh Yelverton Member at Large 0.00
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
2024 $270,632 $211,495 $1,654,419 $59,137
2023 $252,299 $168,573 $1,472,598 $83,726
2022 $309,618 $178,423 $1,244,239 $131,195
2021 $280,193 $217,401 $1,318,427 $62,792
2020 $201,357 $96,092 $1,192,468 $105,265
2019 $381,760 $140,676 $1,224,291 $241,084
2018 $100,291 $150,530 $983,207 $-50,239
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