Anc Healthcare Inc
Only 1% goes to programs Strong reserves Growing revenue
Anc Healthcare Inc is a 501(c)(3) organization based in Winter Park, Florida, registered in 1982, with $23,183,032 in FY2023 revenue. CharityIndex grades it C, and it directs about 1% of spending to programs.
425 W New England Ave Ste 300, Winter Park, FL, 32789 EIN 58-1450888 Since 1982
Revenue (FY2023)
$23.2M
▲ 109.7% vs prior year
Health median: $840K
Expenses (FY2023)
$7.2M
Net assets
$102.8M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →FProgram efficiency40% of the rating1% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Anc Healthcare Inc: 1% to programs earns a F on this criterion. See the exact thresholds →
B+Financial health25% of the rating170 mo reserves · +69% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Anc Healthcare Inc: 170 mo reserves · +69% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Anc Healthcare Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Anc Healthcare Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
See form 990, part iii, line 1.
What they do
Anc imaging services, formerly known as mission imaging services, llc, a single member llc, provided medical imaging services.
Contact & location
- Address
- 425 W New England Ave Ste 300, Winter Park, FL, 32789
- City
- Winter Park
- State
- Florida
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $85.1M (FY2013) to $23.2M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $23.7MNet assets $102.8M
Operating margin
68.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$126.5M
Total liabilities
$23.7M
Net assets
$102.8M
Salaries & benefits
$0
0% of expenses
Board members
5
5 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $23,183,032▲110% | $7,249,534▲51.7% | $102,829,779▲18.4% | $126,505,390▲9.2% | 990 |
| 2022 | $11,055,076▲42.6% | $4,779,267▲0.9% | $86,876,497▲7.8% | $115,810,337▲3.7% | 990 |
| 2021 | $7,749,888▼11.9% | $4,737,695▼97.5% | $80,591,411▼3.5% | $111,723,890▼7.0% | 990 |
| 2020 | $8,792,601▼46.5% | $190,604,377▼71.5% | $83,479,317▼68.5% | $120,132,251▼64.9% | 990 |
| 2019 | $16,442,127▼91.0% | $667,824,576▼23.0% | $264,763,315▼72.8% | $342,432,322▼70.4% | 990 |
| 2018 | $183,057,049▲153% | $866,863,288▲1929% | $973,759,872▼45.3% | $1,158,076,635▼57.8% | 990 |
| 2017 | $72,492,165▼24.5% | $42,718,845▲0.8% | $1,781,393,636▲7.3% | $2,746,061,012▲3.6% | 990 |
| 2016 | $96,055,700▲92.9% | $42,370,536▲2.6% | $1,660,709,452▲10.8% | $2,650,066,387▲8.2% | 990 |
| 2015 | $49,802,500▼14.2% | $41,294,221▲16.8% | $1,498,823,195▲6.2% | $2,448,670,982▲7.5% | 990 |
| 2014 | $58,040,366▼31.8% | $35,360,016▼7.8% | $1,410,724,162▲0.9% | $2,276,787,941▲6.2% | 990 |
| 2013 | $85,098,008 | $38,360,552▲40.2% | $1,398,104,387▲9.6% | $2,144,112,265▲3.7% | 990 |
| 2012 | — | $27,365,776▲318% | $1,275,878,700▲13.6% | $2,067,186,541▲23.8% | 990 |
| 2011 | — | $6,540,862▲22.9% | $1,122,794,604▲13.5% | $1,670,192,511▲16.8% | 990 |
| 2010 | — | $5,320,320▲92.7% | $989,602,688▲3.5% | $1,429,468,161▲0.7% | 990 |
| 2009 | — | $2,760,409 | $956,077,966 | $1,419,356,262 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| David Worley | Director | 1 | — |
| Gregory Hagood | Chief Transition Officer | 2 | — |
| Jeffrey Rankin | Director | 1 | — |
| John W Garrett Md | Chair | 2 | — |
| Kira Abramovs | Cfo & Secretary | 20 | — |
| Meg Finnegan | Vp Hr | 2 | — |
| Neil Luria | Ceo/chief Wind-down Office | 10 | — |
| Paul Hogan | Controller | 5 | — |
| Suzanne S Deferie | Director | 1 | — |
| Thomas Maher | Vice Chair | 2 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Faegre Drinker Biddle & Reath LLP | Legal | $4,402,110 |
| Nera Economic Consulting | Consultant | $882,873 |
| Cornerstone Research | Consultant | $829,174 |
| Solic Capital Advisors LLC | Wind Down Consulting | $578,753 |
| Forvis Mazars | Consultant | $515,907 |
Grants received · $4.2M total
20 grants to Anc Healthcare Inc totaling $4.2M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Americares Foundation Inc | Ongoing | 2023 | $118,155 |
| Americares Foundation Inc | Ongoing | 2022 | $17,587 |
| Americares Foundation Inc | Ongoing | 2022 | $17,587 |
| Americares Foundation Inc | Ongoing | 2021 | $202,370 |
| Americares Foundation Inc | Ongoing | 2021 | $202,370 |
| The Childrens Hospital of Philadelphia | Research | 2021 | $13,100 |
| Americares Foundation Inc | On-going | 2020 | $177,566 |
| Americares Foundation Inc | On-going | 2020 | $177,566 |
| The Childrens Hospital of Philadelphia | Research | 2020 | $36,550 |
| Americares Foundation Inc | On-going | 2019 | $365,521 |
| The Childrens Hospital of Philadelphia | Research | 2019 | $50,871 |
| Americares Foundation Inc | On-going | 2018 | $1,822,374 |
| The Childrens Hospital of Philadelphia | Research | 2018 | $55,072 |
| Americares Foundation Inc | On-going | 2017 | $345,671 |
| Americares Foundation Inc | On-going | 2017 | $345,671 |
Grants made · $185.0M in FY2020
7 grants totaling $185.0M in FY2020. All grants made by Anc Healthcare Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Dogwood Health Trust | General purpose | $155,009,964 |
| Wnc Bridge Foundation | General purpose | $5,000,000 |
| Gateway Wellness Foundation | General purpose | $5,000,000 |
| Pisgah Health Foundation | General purpose | $5,000,000 |
| Highlands Cashiers Health Foundation | General purpose | $5,000,000 |
| Nantahala Health Foundation | General purpose | $5,000,000 |
| Amy Wellness Foundation | General purpose | $5,000,000 |
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Compare Anc Healthcare Inc
Frequently asked questions
- Is Anc Healthcare Inc a legitimate nonprofit?
- Yes. Anc Healthcare Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 58-1450888, based in Winter Park, Florida. Donations are tax-deductible.
- What is Anc Healthcare Inc's EIN?
- Anc Healthcare Inc's Employer Identification Number (EIN) is 58-1450888.
- How much revenue does Anc Healthcare Inc report?
- Anc Healthcare Inc reported $23,183,032 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Anc Healthcare Inc's spending goes to programs?
- Anc Healthcare Inc spends about 1% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Anc Healthcare Inc have?
- CharityIndex grades Anc Healthcare Inc C, based on program efficiency and fundraising cost.
- How much does Anc Healthcare Inc's highest-paid employee make?
- The highest reported compensation on Anc Healthcare Inc's latest Form 990 is $0, paid to David Worley (Director).
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Data for Anc Healthcare Inc (EIN 58-1450888) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.