Compassion Health Care Inc
- Assets
- $7.6m
- Revenue
- $9.2m
- Investments
- $135.0k
- Employees
- 87
- Location
- Yanceyville, NC
- Founding
- 07/1978
- Data as of
- 05/2024
- EIN
- 59-1812757
Organization Overview
Compassion Health Care Inc is located in Yanceyville, NC. The organization was established in 1978. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, under the broad grouping of Health Care and related organizations. As of 05/2024, Compassion Health Care Inc employed 87 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Compassion Health Care 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 05/2024, Compassion Health Care Inc generated $9.2m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 15.0% each year . All expenses for the organization totaled $8.3m during the year ending 05/2024. While expenses have increased by 13.5% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PROVIDES HEALTH CARE TO INDIVIDUALS REGARDLESS OF THEIR ABILITY TO PAY. THIS IS A DIRECT FULFILLMENT OF THEIR TAX EXEMPT PURPOSE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES HEALTH CARE REGARDLESS OF THE INDIVIDUALS' ABILITY TO PAY. THESE MEDICAL SERVICES ARE PROVIDED IN AREAS THAT HAVE A SHORTAGE OF HEALTH CARE PROVIDERS. THIS IS A DIRECT FULFILLMENT OF THEIR TAX EXEMPT PURPOSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shelby Register-Lake Physician | 40 | $242,966 | |
Stephen Kikel Cmo | Officer | 40 | $230,411 |
Denise Hunter Physician | 40 | $184,011 | |
Douglas Browning Physician | 40 | $182,487 | |
William B Crumpton CEO | Officer | 40 | $151,604 |
Kristen Mullis Physician | 40 | $135,426 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,700,239 |
| All other contributions, gifts, grants, and similar amounts not included above | $458,668 |
| Noncash contributions included in lines 1a–1f | $57,372 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,158,907 |
| Total Program Service Revenue | $5,968,800 |
| Investment income | $11,262 |
| 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 | $9,175,210 |
| 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. | $614,941 |
| Compensation of current officers, directors, key employees. | $511,256 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,239,658 |
| Pension plan accruals and contributions | $88,093 |
| Other employee benefits | $598,864 |
| Payroll taxes | $328,437 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,449 |
| Fees for services: Accounting | $22,966 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $474,413 |
| Advertising and promotion | $69,504 |
| Office expenses | $154,182 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $96,617 |
| Travel | $88,045 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,578 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $190,429 |
| Insurance | $32,189 |
| All other expenses | $0 |
| Total functional expenses | $8,333,336 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $820,892 |
| Savings and temporary cash investments | $3,334,450 |
| Pledges and grants receivable | $24 |
| Accounts receivable, net | $729,613 |
| 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 | $16,010 |
| Net Land, buildings, and equipment | $2,297,814 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $134,988 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $282,528 |
| Total assets | $7,616,319 |
| Accounts payable and accrued expenses | $551,843 |
| Grants payable | $0 |
| Deferred revenue | $111,246 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $663,089 |
| Net assets without donor restrictions | $6,670,702 |
| Net assets with donor restrictions | $282,528 |
| 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 | $7,616,319 |
Grants Awarded
Over the last fiscal year, Compassion Health Care Inc has awarded $50,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PIEDMONT PROGRESSIVE FARMERS GROUP PURPOSE: COVID EMERGENCY FOOD | $25,000 |
CASWELL COUNTY LOCAL FOOD COUNCIL PURPOSE: COVID FUNDING | $25,000 |