Stedman-Wade Health Services Inc
- Assets
- $6.8m
- Revenue
- $8.0m
- Investments
- $163.2k
- Employees
- 82
- Location
- Wade, NC
- Founding
- 09/1980
- Data as of
- 01/2022
- EIN
- 56-1214119
Organization Overview
Stedman-Wade Health Services Inc is located in Wade, NC. The organization was established in 1980. As of 01/2022, Stedman-Wade Health Services Inc employed 82 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stedman-Wade Health Services Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 01/2022, Stedman-Wade Health Services Inc generated $8.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $6.1m during the year ending 01/2022. While expenses have increased by 10.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF STEDMAN-WADE HEALTH SERVICES IS TO PROVIDE QUALITY, ACCESSIBLE, AFFORDABLE, PRIMARY AND PREVENTIVE MEDICAL, DENTAL AND BEHAVIORAL HEALTH CARE IN A COMPASSIONATE AND COST EFFECTIVE MANNER TO ALL POPULATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE HEALTH SERVICES AND COMPREHENSIVE HEALTH CARE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Henderson Hines Staff Physic | 40 | $229,749 | |
Sandra Carr Medical Dire | 40 | $219,472 | |
Tandeka Burks Staff Physic | 40 | $204,864 | |
Margaret Covington CEO | Officer | 40 | $166,776 |
Shaunna L Herrman Physician As | 40 | $146,947 | |
Michael Kinno Dental Driec | 40 | $133,067 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,014,667 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,014,667 |
| Total Program Service Revenue | $3,925,191 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,008,778 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,662,674 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $377,426 |
| Payroll taxes | $250,385 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $33,106 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $276 |
| Office expenses | $8,157 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $68,623 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $99,493 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $207,254 |
| Insurance | $19,736 |
| All other expenses | $659,201 |
| Total functional expenses | $6,069,032 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,701,911 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $216,177 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,401 |
| Net Land, buildings, and equipment | $4,725,171 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $163,160 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,811,820 |
| Accounts payable and accrued expenses | $426,907 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,881,168 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,308,075 |
| Net assets without donor restrictions | $4,503,745 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,811,820 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Stedman-Wade Health Services Inc has recieved totaling $309,258.
| Awarding Organization | Amount |
|---|---|
| $309,258 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Health Care Systems Inc Wrightsville, GA | $9,883,522 | $20,086,583 |
Georgia Mountains Health Services Inc Blue Ridge, GA | $7,941,618 | $11,399,715 |
Stedman-Wade Health Services Inc Wade, NC | $6,811,820 | $8,008,778 |
Horizon Health Services Inc Ivor, VA | $5,729,005 | $6,302,153 |
Citizens Of Lake County For Health Care Inc Tiptonville, TN | $4,586,332 | $4,366,342 |
First Choice Community Health Centers Lillington, NC | $11,711,010 | $3,348,843 |
Duplin Medical Association Inc Rose Hill, NC | $321,828 | $920,308 |
Tyrrell County Rural Health Association Columbia, NC | $633,997 | $721,651 |
Virginia Rural Health Association Blacksburg, VA | $490,145 | $745,423 |
Southwell Inc Tifton, GA | $128,494 | $497,995 |
Penslow Health Clinic Inc Holly Ridge, NC | $178,704 | $141,559 |
Dot And John Mooney Foundation Statesboro, GA | $161,502 | $46,175 |