The Suda Institute

EIN: 883770780 501(c)(3) Health Care

Mooresville, NC

Total Revenue
$666,964
Total Expenses
$251,219
Total Assets
$501,891
Net Assets
$473,313
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
NC
Phone
7049535619
Tax Period
2024-07-01 to 2025-06-30

The Suda Institute, founded in 2023, is a small nonprofit in the Health Care sector that reported $667K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $416K, a strong 62% operating margin.

Mission

The Suda Institute brings healthcare, behavioral health, and social services together to improve outcomes for infants and mothers impacted by substance use disorders.

Program Service Accomplishments

Program 1
Expenses: $60,781

HRSA GrantThe Suda Institute was awarded a $100,000 HRSA grant to work with rural Stanly County Partners to develop a network (SUN) to increase access to care for pregnant women with substance use...

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HRSA GrantThe Suda Institute was awarded a $100,000 HRSA grant to work with rural Stanly County Partners to develop a network (SUN) to increase access to care for pregnant women with substance use disorder. The network aims to coordinate care, strengthen the rural healthcare, and build capacity. Stanly SUN has strengthened the healthcare system for families impacted by SUD by establishing a legal mechanism for sharing data, improving cross-agency partnerships, training providers, and lifting community voices.

Program 2
Expenses: $54,319

Atrium GrantThe Suda Institute was awarded a grant from Atrium Health Cabarrus to support the operational costs associated with operating the SUN Project, a cross-sector collaborative network of care...

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Atrium GrantThe Suda Institute was awarded a grant from Atrium Health Cabarrus to support the operational costs associated with operating the SUN Project, a cross-sector collaborative network of care for pregnant mothers and infants impacted by substance use disorder. Atrium Health funds were used to provide technical assistance and education to health providers in Rowan, Stanly, and Cabarrus on delivering substance use disorder treatment in primary health care settings.

Program 3
Expenses: $43,847

Aetna - Funds Received last fiscal yearThe pilot project was funded by CVS/Aetna from July 1, 2024 to December 31, 2024. On April 19th, the teams met and focused on identifying their mission and...

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Aetna - Funds Received last fiscal yearThe pilot project was funded by CVS/Aetna from July 1, 2024 to December 31, 2024. On April 19th, the teams met and focused on identifying their mission and vision and developing strategies to achieve three network identified aims:1. Build the North Carolina Perinatal Substance Use Disorder Network.2. Share evidence-based practices for perinatal substance use disorder treatment and care services across the state.3. Promote evidence-based advocacy.These programs aim to improve statewide information sharing, access to care, and advocacy for evidence-based treatment of pregnant and postpartum individuals with substance use disorders. Aetna supported the planning efforts, which focused on reducing perinatal mortality and overdose deaths through coordinated practices.

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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 $666,964
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $666,964

Expense Breakdown

Grants Paid $0
Salaries & Benefits $163,298
Fundraising Expenses $7,176
Program Expenses $197,375
Other Expenses $87,921
TOTAL EXPENSES $251,219

Year-over-Year Comparison

2024 2023 Change
Revenue $666,964 $598,314 +0.1%
Expenses $251,219 $582,306 -0.6%
Net Income $415,745 $16,008 +25.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
1
Volunteers
34

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
$91,250
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Gina Hofert CEO 40.00
Officer
$86,250 $5,000 $91,250
Teshanee Williams PhD MPA Chair 0.00
Officer Director
$0 $0 $0
Denise Badgett Treasurer 0.00
Officer Director
$0 $0 $0
Sonja Bohannon Thacker MSW Secretary 0.00
Director
$0 $0 $0
Lashonda Houston MSW Board Member 0.00
Director
$0 $0 $0
Elisabeth Johnson PhD Board Member 0.00
Director
$0 $0 $0
Mark Hofer CPA Board Member 0.00
Director
$0 $0 $0
Daniell Chunn JD Board Member 0.00
Director
$0 $0 $0
Emily Bridge Board Member 0.00
Director
$0 $0 $0
John Middleton Board Member 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
2025 $666,964 $251,219 $501,891 $415,745
2024 $598,314 $582,306 $57,568 $16,008
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