Nc Telehealth Network Association
- Assets
- $3.1m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 3
- Location
- Concord, NC
- Founding
- 09/2019
- Data as of
- 06/2023
- EIN
- 83-2008634
Organization Overview
Nc Telehealth Network Association is located in Concord, NC. The organization was established in 2019. According to its NTEE Classification (E02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Health Care and related organizations. As of 06/2023, NC Telehealth Network Association employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. NC Telehealth Network Association 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 06/2023, NC Telehealth Network Association generated $1.2m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $883.1k during the year ending 06/2023. While expenses have increased by 8.0% per year over the past 4 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ASSURE THAT NORTH CAROLINA PUBLIC AND NON-PROFIT HEALTHCARE PROVIDERS HAVE ACCESS TO HIGH-QUALITY, RELIABLE AND AFFORDABLE BROADBAND SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN FISCAL YEAR 2023, THE NC TELEHEALTH NETWORK ASSOCIATION (NCTNA) PROVIDED OVER $4M DOLLARS IN HEALTHCARE CONNECT FUND DISCOUNTS TO OUR ELIGIBLE CONSORTIA MEMBERS. THE NCTNA HAS 400 DEDICATED ACCESS BROADBAND SERVICES, SERVING 204 HEALTHCARE PROVIDER SITES. 64% OF THESE HEALTHCARE PROVIDERS ARE IN RURAL AREAS AND 6 ARE CRITICAL ACCESS HOSPITALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Kirby Director | OfficerTrustee | 0.5 | $0 |
John Graham President | OfficerTrustee | 0.5 | $0 |
Sue Yates Director | Trustee | 0.5 | $0 |
Tracy Olson Chief Executive Officer | OfficerTrustee | 40 | $194,385 |
Mike Plesh Chair | OfficerTrustee | 0.5 | $0 |
Jane Patterson Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $1,175,560 |
| Investment income | $1,377 |
| 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 | $1,176,937 |
| 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. | $206,182 |
| Compensation of current officers, directors, key employees. | $61,855 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $193,789 |
| Pension plan accruals and contributions | $5,091 |
| Other employee benefits | $8,098 |
| Payroll taxes | $27,639 |
| Fees for services: Management | $102,281 |
| Fees for services: Legal | $1,872 |
| Fees for services: Accounting | $70,717 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $45,408 |
| Office expenses | $21,944 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $14,365 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $178,744 |
| Insurance | $2,377 |
| All other expenses | $0 |
| Total functional expenses | $883,116 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $220,433 |
| Savings and temporary cash investments | $1,834,661 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $781,310 |
| 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 | $5,940 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $223,429 |
| Other assets | $0 |
| Total assets | $3,065,773 |
| Accounts payable and accrued expenses | $12,992 |
| Grants payable | $0 |
| Deferred revenue | $3,725 |
| 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 | $195,132 |
| Other liabilities | $1,706,028 |
| Total liabilities | $1,917,877 |
| Net assets without donor restrictions | $1,147,896 |
| 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 | $3,065,773 |