DUKE AFFILIATIONS NETWORK INC (EIN 812623775) - 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

2016

Legal Domicile

Principal Officer

THOMAS A OWENS MD

Phone

9196138993

Tax Period

2024-07-01 to 2025-06-30

DUKE AFFILIATIONS NETWORK INC, founded in 2016, is a community nonprofit in the Health Care sector that reported $7.3M in total revenue in fiscal year 2024. Net assets of $22.7M represent 37 months of operating reserves.

Mission

FOR ORGANIZATION'S MISSION STATEMENTDUKE AFFILIATIONS NETWORK, INC. (DAN) WAS CREATED TO SUPPORT DUKE UNIVERSITY HEALTH SYSTEM, INC.'S CHARITABLE, EDUCATIONAL, AND SCIENTIFIC ACTIVITIES.

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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 $0

Program Service Revenue $7,233,373

Investment Income $0

Other Revenue $48,238

TOTAL REVENUE $7,281,611

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $6,923,414

Other Expenses $7,431,754

TOTAL EXPENSES $7,431,754

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,281,611	$7,043,765	+0.0%
Expenses	$7,431,754	$6,813,046	+0.1%
Net Income	$-150,143	$230,719	-1.7%

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

N/A

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

$3,433,015

Total Directors

$3,682,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS A OWENS MD	DIRECTOR/PRESIDENT	0.10	Officer Director	$0	$76,073	$1,929,950
DONNA PETER	DIRECTOR/VICE PRESIDENT	0.10	Officer Director	$0	$54,265	$436,674
LISA M GOODLETT	DIRECTOR	0.10	Director	$0	$62,316	$1,315,876
ROBERT N WILLIS	TREASURER	0.10	Officer	$0	$60,996	$860,068
MARY PAT DUNCAN	SECRETARY	0.10	Officer	$0	$41,687	$206,323
CRAIG T ALBANESE MD	FORMER OFFICER	0.00		$0	$59,414	$2,338,899
CHRISTY M GUDAITIS	FORMER OFFICER	0.00		$0	$62,356	$511,373
LORNA MAXWELL	FORMER OFFICER	0.00		$0	$56,899	$272,575
WILLIAM J FULKERSON MD	FORMER OFFICER	0.00		$0	$49,534	$699,546

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	$7,281,611	$7,431,754	$24,167,092	$-150,143
2024	No data	No data	No data	No data
2023	$6,248,839	$8,868,401	$19,092,317	$-2,619,562
2022	$2,674,589	$3,221,255	$21,726,497	$-546,666
2021	$2,947,248	$3,084,198	$5,552,363	$-136,950
2020	$2,680,684	$2,920,226	$6,064,250	$-239,542
2019	$3,160,666	$3,230,509	$4,318,313	$-69,843
2018	$3,146,641	$2,866,567	$4,907,679	$280,074

DUKE AFFILIATIONS NETWORK INC