NC TELEHEALTH NETWORK ASSOCIATION (EIN 832008634) - 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

2018

Legal Domicile

Principal Officer

TRACY OLSON

Phone

9193603000

Tax Period

2024-07-01 to 2025-06-30

NC TELEHEALTH NETWORK ASSOCIATION, founded in 2018, is a community nonprofit in the Health Care sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $319K, a strong 24% operating margin.

Mission

ASSURE THAT NORTH CAROLINA PUBLIC AND NON-PROFIT HEALTHCARE PROVIDERS HAVE ACCESS TO HIGH-QUALITY, RELIABLE AND AFFORDABLE BROADBAND 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 (2024)

Revenue Breakdown

Contributions & Grants $198,484

Program Service Revenue $1,048,577

Investment Income $78,556

Other Revenue $0

TOTAL REVENUE $1,325,617

Expense Breakdown

Grants Paid $27,000

Salaries & Benefits $531,872

Fundraising Expenses $0

Program Expenses $840,079

Other Expenses $447,453

TOTAL EXPENSES $1,006,325

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,325,617	$986,021	+0.3%
Expenses	$1,006,325	$960,656	+0.0%
Net Income	$319,292	$25,365	+11.6%

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

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

$216,257

Total Directors

$216,257

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID KIRBY	DIRECTOR	0.50	Director	$0	$0	$0
JOHN GRAHAM	PRESIDENT	0.50	Officer Director	$0	$0	$0
SUE YATES	TREASURER	0.50	Officer Director	$0	$0	$0
TRACY OLSON	CHIEF EXECUTIVE OFFICER	40.00	Officer Director	$209,757	$6,500	$216,257
MIKE PLESH	CHAIR	0.50	Officer Director	$0	$0	$0
JANE PATTERSON	DIRECTOR	0.50	Director	$0	$0	$0
JENNIFER ANDERSON	VICE CHAIR	0.50	Officer Director	$0	$0	$0
MARK BELL	DIRECTOR	0.50	Director	$0	$0	$0
WES GRAY	DIRECTOR	0.50	Director	$0	$0	$0
TRACY DOAKS	SECRETARY	0.50	Officer Director	$0	$0	$0
CHARLES PEELE	DIRECTOR	0.50	Director	$0	$0	$0
WAYNE NICHOLSON	DIRECTOR	0.50	Director	$0	$0	$0
WILLIAM MASSENGILL	DIRECTOR	0.50	Director	$0	$0	$0
DUSTIN BUCHANAN	DIRECTOR	0.50	Director	$0	$0	$0
JONATHAN KEA	DIRECTOR	0.50	Director	$0	$0	$0
JEFF LORD	DIRECTOR	0.50	Director	$0	$0	$0
BILL SPARKS	DIRECTOR	0.50	Director	$0	$0	$0
JORDAN ROGERS	RELATIONSHIP MARKETING DIRECTOR	40.00	Highest	$111,058	$12,262	$123,320
ANGEL VANOVER	OPERATIONS DIRECTOR	40.00	Highest	$110,407	$6,011	$116,418

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	$1,325,617	$1,006,325	$3,561,944	$319,292
2024	$986,021	$960,656	$3,781,188	$25,365
2023	$1,176,937	$883,116	$3,065,773	$293,821
2022	$1,113,516	$867,811	$3,050,848	$245,705
2021	$1,205,318	$811,908	$3,230,310	$393,410
2020	$863,701	$648,741	$2,758,237	$214,960

NC TELEHEALTH NETWORK ASSOCIATION