WAKE FOREST UNIVERSITY HEALTH SCIENCES GROUP RETURN

EIN: 900222618 501(c)(3) Education

WINSTONSALEM, NC

Total Revenue
$103,242,222
Total Expenses
$87,062,249
Total Assets
$327,748,648
Net Assets
$320,013,154
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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
2003
Legal Domicile
NC
Principal Officer
JULIE A FREISCHLAG MD
Phone
3367164445
Tax Period
2023-01-01 to 2023-12-31

WAKE FOREST UNIVERSITY HEALTH SCIENCES GROUP RETURN, founded in 2003, is a major nonprofit in the Education sector that reported $103.2M in total revenue in fiscal year 2023. The organization ran a surplus of $16.2M, a strong 16% operating margin.

Mission

OUTPATIENT MEDICAL CLINICS FOR THE PROMOTION OF HEALTH FOR THE BENEFIT OF THE COMMUNITY.

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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 $0
Program Service Revenue $103,242,222
Investment Income $0
Other Revenue $0
TOTAL REVENUE $103,242,222

Expense Breakdown

Grants Paid $1,094,139
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $77,228,698
Other Expenses $85,968,110
TOTAL EXPENSES $87,062,249

Year-over-Year Comparison

2023 2022 Change
Revenue $103,242,222 $106,760,501 0.0%
Expenses $87,062,249 $87,243,085 0.0%
Net Income $16,179,973 $19,517,416 -0.2%
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

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Governance

Voting Members
5
Independent Members
1
Employees
N/A
Volunteers
5

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
$8,971,812
Total Directors
7
$10,878,424
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JULIE A FREISCHLAG MD CHAIR & PRESIDENT 0.50
Officer Director
$0 $50,088 $5,244,157
KEVIN P HIGH MD CHAIR (TO 8/31/23) 0.50
Officer Director
$0 $52,075 $2,321,984
BRADLEY A CLARK FORMER OFFICER 0.00
$1,431,976 $145,795 $1,577,771
RUSSELL M HOWERTON MD DIRECTOR (TO 12/20/23) 0.50
Director
$0 $63,900 $1,052,764
TERRY L HALES JR DIRECTOR & ASST TREASURY 0.50
Director
$0 $56,067 $923,316
J REID MORGAN DIRECTOR & SECRETARY (TO 6/30/23) 0.50
Officer Director
$0 $108,874 $799,445
STEPHAN L LILLIE TREASURER 5.00
Officer
$572,269 $33,957 $606,226
DAVID W ZAAS MD DIRECTOR 5.00
Director
$0 $6,594 $536,758
TERRY G WILLIAMS DIRECTOR 0.10
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
2024 No data No data No data No data
2023 $103,242,222 $87,062,249 $327,748,648 $16,179,973
2022 $106,760,501 $87,243,085 $311,898,547 $19,517,416
2021 $56,430,791 $45,341,249 $294,523,544 $11,089,542
2021 $111,398,791 $90,120,907 $282,624,081 $21,277,884
2020 $111,319,113 $90,478,094 $261,972,979 $20,841,019
2019 $104,012,236 $84,765,511 $238,734,104 $19,246,725
2018 $93,091,423 $76,327,778 $218,753,107 $16,763,645
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