Carolina Healthcare Associates Inc
100% goes to programs Growing revenue
Carolina Healthcare Associates Inc is a 501(c)(3) organization based in Winston Salem, North Carolina, registered in 2000, with $93,296,027 in FY2024 revenue. CharityIndex grades it A, and it directs about 100% of spending to programs.
2085 Frontis Plaza Blvd, Winston Salem, NC, 27103 EIN 56-2049697 Since 2000
Revenue (FY2024)
$93.3M
▲ 16.8% vs prior year
Health median: $840K
Expenses (FY2024)
$93.2M
Net assets
$26.5M
Employees
1,069
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating100% 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 Carolina Healthcare Associates Inc: 100% to programs earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating3 mo reserves · +0% 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 Carolina Healthcare Associates Inc: 3 mo reserves · +0% margin earns a A on this criterion. See the exact thresholds →
AGovernance25% of the rating5 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 Carolina Healthcare Associates Inc: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
ATransparency10% of the rating4 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 Carolina Healthcare Associates Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
See schedule o
Contact & location
- Address
- 2085 Frontis Plaza Blvd, Winston Salem, NC, 27103
- City
- Winston Salem
- State
- North Carolina
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $137.1M (FY2013) to $93.3M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $3.5MNet assets $26.5M
Operating margin
0.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$30.0M
Total liabilities
$3.5M
Net assets
$26.5M
Salaries & benefits
$88.3M
95% of expenses
Board members
4
3 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $93,296,027▲16.8% | $93,200,787▲16.7% | $26,493,754▲0.4% | $30,037,026▼10.4% | 990 |
| 2023 | $79,873,530▲12.8% | $79,873,530▲12.8% | $26,398,514 | $33,524,953▲7.2% | 990 |
| 2022 | $70,804,082▲297% | $70,804,082▲297% | $26,398,514▲13.0% | $31,282,613▼20.4% | 990 |
| 2021 | $17,817,277▼87.6% | $17,812,842▼89.8% | $23,357,797▲21.7% | $39,295,551▲50.2% | 990 |
| 2020 | $143,356,872▼36.0% | $175,406,176▼17.9% | $19,195,409▲8.0% | $26,165,568▼9.4% | 990 |
| 2019 | $223,905,335▲7.6% | $213,742,331▲1.7% | $17,768,360▲134% | $28,867,115▲0.9% | 990 |
| 2018 | $208,050,404▲10.2% | $210,181,357▲9.4% | $7,605,356▼21.9% | $28,608,365▲29.9% | 990 |
| 2017 | $188,842,638▼7.8% | $192,055,523▼6.7% | $9,736,309▼24.8% | $22,018,799▼14.9% | 990 |
| 2016 | $204,924,066▲5.8% | $205,840,241▲11.2% | $12,949,194▼6.6% | $25,863,088▼0.7% | 990 |
| 2015 | $193,623,014▲24.5% | $185,187,184▲11.7% | $13,865,356▲155% | $26,053,073▲20.3% | 990 |
| 2014 | $155,551,836▲13.5% | $165,760,490▲25.3% | $5,429,526▼65.3% | $21,665,668▼4.2% | 990 |
| 2013 | $137,052,671 | $132,258,432▲12.7% | $15,638,180▲44.2% | $22,608,343▲35.9% | 990 |
| 2012 | — | $117,396,975▲40.9% | $10,843,941▼21.3% | $16,631,951▼15.2% | 990 |
| 2011 | — | $83,313,180▲56.3% | $13,776,885▲25.9% | $19,603,380▲44.4% | 990 |
| 2010 | — | $53,294,124 | $10,942,624 | $13,571,517 | 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 (FY2024)
Highest-paid: Michael Jaskolka Md — $1,530,072 (1.64% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Michael Jaskolka Md | Trustee/pulmonologist | 45.2 | $1,530,072 |
| Nasar Siddiqi | Pulmonologist | 45 | $1,087,638 |
| Oluwole Odunusi | Pulmonologist | 45 | $1,063,053 |
| Elizabeth Acquista | Faculty/physician | 45 | $778,779 |
| Savannah Weedman | Faculty/physician | 45 | $680,422 |
| Brian Legere | Pulmonologist | 45 | $640,441 |
| Alice Pope | Evp/cfo (fr 4/29/24) | 0.2 | — |
| Amy Messier | Fmr Officer (12/31/22) | 0 | — |
| Barbara Biehner | Vice Chair | 0.5 | — |
| Daniel Goodwin | President (to 11/19/24) | 50 | — |
| Geoffrey Gardner | Cfo (to 4/28/24) | 0.2 | — |
| John Howard | Fmr Officer (12/31/22) | 0 | — |
| John Mann Md | Fmr Officer (12/31/22) | 0 | — |
| Larry Beard Md | Trustee | 0.2 | — |
| Mitch Lamm | Chair | 0.5 | — |
| Navin Bhojwani Md | Fmr Officer (12/31/22) | 0 | — |
| Pamela Oliver Md | President (fr 11/20/24) | 0.5 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Dps Telecom Services | Remote Monitoring Services | $659,017 |
| Weatherby Healthcare | Staffing Services | $432,098 |
| Aya Healthcare Inc | Travel Nursing Services | $216,442 |
| Sleepworks LLC | Medical Services (sleep Studies) | $143,714 |
Grants received · $18K total
1 grant to Carolina Healthcare Associates Inc totaling $18K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Patient Access Network Foundation | Patient assistance | 2015 | $18,055 |
Grants made · $7,600 in FY2019
1 grant totaling $7,600 in FY2019. All grants made by Carolina Healthcare Associates Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| American Heart Association Inc | To support the 2020 cape fear heart ball fundraiser and to support building healthier lives, free of cardiovascular diseases and strokes. | $7,600 |
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Frequently asked questions
- Is Carolina Healthcare Associates Inc a legitimate nonprofit?
- Yes. Carolina Healthcare Associates Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 56-2049697, based in Winston Salem, North Carolina. Donations are tax-deductible.
- What is Carolina Healthcare Associates Inc's EIN?
- Carolina Healthcare Associates Inc's Employer Identification Number (EIN) is 56-2049697.
- How much revenue does Carolina Healthcare Associates Inc report?
- Carolina Healthcare Associates Inc reported $93,296,027 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Carolina Healthcare Associates Inc's spending goes to programs?
- Carolina Healthcare Associates Inc spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Carolina Healthcare Associates Inc have?
- CharityIndex grades Carolina Healthcare Associates Inc A, based on program efficiency and fundraising cost.
- How much does Carolina Healthcare Associates Inc's highest-paid employee make?
- The highest reported compensation on Carolina Healthcare Associates Inc's latest Form 990 is $1,530,072, paid to Michael Jaskolka Md (Trustee/pulmonologist).
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Data for Carolina Healthcare Associates Inc (EIN 56-2049697) 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.