New Hanover Regional Medical Center Auxiliary Inc (EIN 582015872) - Form 990 Financial Analysis & Trantor Score

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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

1992

Legal Domicile

Principal Officer

Bob Kaess

Phone

9106675317

Tax Period

2023-01-01 to 2023-03-30

New Hanover Regional Medical Center Auxiliary Inc, founded in 1992, is a small nonprofit that reported $291K in total revenue in fiscal year 2022. Revenue fell 72% from the prior year — a significant decline worth monitoring. Expenses of $3.8M exceeded revenue, resulting in a 1195% operating deficit.

Mission

The purpose of the Organization is to render service to the Novant Health New Hanover Regional Medical Center (an exempt organization under Internal Revenue Code section 501(c)(3)) and its patients and the families of its patients. The funds of the Organization, in excess of expenses, shall be used solely to support Novant Health New Hanover Regional Medical Center (NHRMC) and its related activities and services.

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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 (2022)

Revenue Breakdown

Contributions & Grants $72,740

Program Service Revenue $18,419

Investment Income $0

Other Revenue $199,544

TOTAL REVENUE $290,703

Expense Breakdown

Grants Paid $0

Salaries & Benefits $151,199

Fundraising Expenses $1,974

Program Expenses $3,751,339

Other Expenses $3,614,585

TOTAL EXPENSES $3,765,784

Year-over-Year Comparison

	2022	2021	Change
Revenue	$290,703	$1,033,696	-0.7%
Expenses	$3,765,784	$868,243	+3.3%
Net Income	$-3,475,081	$165,453	-22.0%

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

300

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bob Kaess	President	20.00	Officer Director	$0	$0	$0
George Elam	Treasurer	10.00	Officer Director	$0	$0	$0
Dennis Doll	Secretary	10.00	Officer Director	$0	$0	$0
Patrick Fryt	Director	5.00	Director	$0	$0	$0
Sonia Jordan-Nobles	Director	5.00	Director	$0	$0	$0
Mimi Kiteley	Director	5.00	Director	$0	$0	$0
Donna Robbins	Director	5.00	Director	$0	$0	$0
Barb Sneiderman	Director	5.00	Director	$0	$0	$0
Sylvia Stoudenmire	Director	5.00	Director	$0	$0	$0
Stephen Whitney	Director	5.00	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
2023	$290,703	$3,765,784	No data	$-3,475,081
2022	$1,033,696	$868,243	$4,083,436	$165,453
2021	$484,542	$948,964	$3,869,937	$-464,422
2021	$153,044	$239,629	$3,899,935	$-86,585
2020	$795,732	$1,043,012	$4,034,529	$-247,280
2019	$1,141,625	$1,275,380	$3,993,499	$-133,755
2018	$987,991	$1,093,555	$4,037,927	$-105,564

New Hanover Regional Medical Center Auxiliary Inc