Onslow Memorial Hospital Foundation Inc

EIN: 581943240 501(c)(3)

JACKSONVILLE, NC

Total Revenue
$99,930
Total Expenses
$348,916
Total Assets
$785,350
Net Assets
$776,942
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
NC
Principal Officer
THOMAS GIFFIN
Phone
9105772651
Tax Period
2023-10-01 to 2024-06-30

Onslow Memorial Hospital Foundation Inc, founded in 1998, is a micro nonprofit that reported $100K in total revenue in fiscal year 2023. Revenue fell 79% from the prior year — a significant decline worth monitoring. Expenses of $349K exceeded revenue, resulting in a 249% operating deficit.

Mission

TO PROMOTE, SUPPORT AND DEVELOP CHARITABLE, EDUCATIONAL, SCHOLASTIC, AND SCIENTIFIC PURPOSE THAT BENEFITS AND ENRICHES OR ENLARGES UPON ONSLOW MEMORIAL HOSPITAL, INC'S FACILITIES.

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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 $55,371
Program Service Revenue $0
Investment Income $67,755
Other Revenue $-23,196
TOTAL REVENUE $99,930

Expense Breakdown

Grants Paid $213,541
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $348,916
Other Expenses $135,375
TOTAL EXPENSES $348,916

Year-over-Year Comparison

2023 2022 Change
Revenue $99,930 $465,858 -0.8%
Expenses $348,916 $685,690 -0.5%
Net Income $-248,986 $-219,832 +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

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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
50

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
4
$16,827
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS GIFFIN EXECUTIVE DIRECTOR 40.0
Officer
$0 $0 $16,827
ED GARRIS CHAIRMAN 1.0
Officer Director
$0 $0 $0
LORI ZESWITZ VICE CHAIR 1.0
Officer Director
$0 $0 $0
TIM WILSON TREASURER 1.0
Officer Director
$0 $0 $0
APRIL CLARK MEMBER 1.0
Director
$0 $0 $0
MARIA DEMPSTER MEMBER 1.0
Director
$0 $0 $0
ROBERT DILLINGHAM MEMBER 1.0
Director
$0 $0 $0
DR SHARON DRESBACH MEMBER 1.0
Director
$0 $0 $0
CIARA HUNTER MEMBER 1.0
Director
$0 $0 $0
LARUE HAMBRICK DIRECTOR EMERITUS 1.0
Director
$0 $0 $0
JOHN KOPKA DIRECTOR EMERITUS 1.0
Director
$0 $0 $0
BRANDON MILLS DIRECTOR EMERITUS 1.0
Director
$0 $0 $0
GRANT SPARKS DIRECTOR EMERITUS 1.0
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
2025 No data No data No data No data
2024 $99,930 $348,916 $785,350 $-248,986
2023 $465,858 $685,690 $1,033,372 $-219,832
2022 $449,416 $705,092 $1,326,957 $-255,676
2021 $352,482 $498,201 $1,618,949 $-145,719
2020 $242,152 $118,010 $1,469,988 $124,142
2019 $178,933 $216,670 $1,183,937 $-37,737
2018 $122,735 $345,542 $1,048,075 $-222,807
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