Civic Intelligence

Stedman-Wade Health Services Inc

EIN 56-1214119 • 501(c)3 • Wade, NC

Profile

To provide quality, accessible, affordable primary and preventive medical, dental and behavioral health care in a compassionate and cost effective manner to all populations.

PO Box 449Wade, NC 28395

www.swhs-nc.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

38th percentile

0.10x

Higher debt load relative to assets than 38% of similar nonprofits.

NTEE E • $5M-$10M nonprofits • Source year 2025

Liabilities / Revenue

37th percentile

0.11x

Higher debt load relative to revenue than 37% of similar nonprofits.

NTEE E • $5M-$10M nonprofits • Source year 2025

Net Margin

49th percentile

1.7%

Higher net margin than 49% of similar nonprofits.

NTEE E • $5M-$10M nonprofits • Source year 2025

Top Officer Pay

55th percentile

$281,565

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 3.3% of source-year revenue.

NTEE E • $5M-$10M nonprofits • Source year 2025

Asset Growth

24th percentile

-3.6%

Faster asset growth than 24% of similar nonprofits.

NTEE E • $5M-$10M nonprofits • Annualized from 2024 to 2025

Revenue Growth

24th percentile

-10%

Faster revenue growth than 24% of similar nonprofits.

NTEE E • $5M-$10M nonprofits • Annualized from 2024 to 2025

Assets

Down

$9,742,763

Down $359,469 (-3.6%) from 2024

Liabilities

Down

$978,522

Down $503,793 (-34%) from 2024

Net Assets

Up

$8,764,241

Up $144,324 (+1.7%) from 2024

Revenue

Down

$8,603,364

Down $985,961 (-10%) from 2024

Expenses

Up

$8,459,040

Up $782,551 (+10%) from 2024

Net Income

Down

$144,324

Down $1,768,512 (-92%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2010: $2,313,660Liabilities 2010: $624,942Net Assets 2010: $1,688,7182010Assets 2011: $2,157,107Liabilities 2011: $526,365Net Assets 2011: $1,630,7422011Assets 2012: $2,303,975Liabilities 2012: $619,448Net Assets 2012: $1,684,5272012Assets 2013: $2,301,644Liabilities 2013: $782,242Net Assets 2013: $1,519,4022013Assets 2014: $2,071,865Liabilities 2014: $766,749Net Assets 2014: $1,305,1162014Assets 2015: $1,732,546Liabilities 2015: $567,354Net Assets 2015: $1,165,1922015Assets 2016: $2,415,243Liabilities 2016: $692,421Net Assets 2016: $1,722,8222016Assets 2017: $2,384,806Liabilities 2017: $450,223Net Assets 2017: $1,934,5832017Assets 2018: $2,890,609Liabilities 2018: $237,232Net Assets 2018: $2,653,3772018Assets 2019: $3,747,864Liabilities 2019: $957,231Net Assets 2019: $2,790,6332019Assets 2020: $5,702,164Liabilities 2020: $3,163,510Net Assets 2020: $2,538,6542020Assets 2021: $5,929,881Liabilities 2021: $3,365,882Net Assets 2021: $2,563,9992021Assets 2022: $6,811,820Liabilities 2022: $2,308,075Net Assets 2022: $4,503,7452022Assets 2023: $8,909,455Liabilities 2023: $2,269,810Net Assets 2023: $6,639,6452023Assets 2024: $10,102,232Liabilities 2024: $1,482,315Net Assets 2024: $8,619,9172024Assets 2025: $9,742,763Liabilities 2025: $978,522Net Assets 2025: $8,764,2412025

Highlighted filing

2025

Assets$9,742,763
Liabilities$978,522
Net Assets$8,764,241

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2010: $2,600,0072010Expenses 2011: $2,736,0772011Expenses 2012: $2,713,1372012Revenue 2013: $2,620,549Expenses 2013: $2,785,674Net Income 2013: -$165,1252013Revenue 2014: $2,738,615Expenses 2014: $3,013,650Net Income 2014: -$275,0352014Revenue 2015: $2,888,684Expenses 2015: $3,028,608Net Income 2015: -$139,9242015Revenue 2016: $3,706,078Expenses 2016: $3,122,764Net Income 2016: $583,3142016Revenue 2017: $3,847,965Expenses 2017: $3,636,204Net Income 2017: $211,7612017Revenue 2018: $4,546,676Expenses 2018: $3,827,475Net Income 2018: $719,2012018Revenue 2019: $4,839,692Expenses 2019: $4,702,436Net Income 2019: $137,2562019Revenue 2020: $5,967,014Expenses 2020: $6,218,993Net Income 2020: -$251,9792020Revenue 2021: $5,617,244Expenses 2021: $5,529,023Net Income 2021: $88,2212021Revenue 2022: $8,008,778Expenses 2022: $6,069,032Net Income 2022: $1,939,7462022Revenue 2023: $9,387,966Expenses 2023: $7,248,692Net Income 2023: $2,139,2742023Revenue 2024: $9,589,325Expenses 2024: $7,676,489Net Income 2024: $1,912,8362024Revenue 2025: $8,603,364Expenses 2025: $8,459,040Net Income 2025: $144,3242025

Highlighted filing

2025

Revenue$8,603,364
Expenses$8,459,040
Net Income$144,324

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.74$0.98$8.76$8.60$8.46$0.14
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.1$1.48$8.62$9.59$7.68$1.91
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.91$2.27$6.64$9.39$7.25$2.14
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.81$2.31$4.50$8.01$6.07$1.94
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.93$3.37$2.56$5.62$5.53$0.09
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.70$3.16$2.54$5.97$6.22$0.25
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.75$0.96$2.79$4.84$4.70$0.14
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.89$0.24$2.65$4.55$3.83$0.72
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.38$0.45$1.93$3.85$3.64$0.21
2016Detailed filing. Detailed filing data is available for this year.$2.42$0.69$1.72$3.71$3.12$0.58
2015Detailed filing. Detailed filing data is available for this year.$1.73$0.57$1.17$2.89$3.03$0.14
2014Detailed filing. Detailed filing data is available for this year.$2.07$0.77$1.31$2.74$3.01$0.28
2013Summary only. Only limited summary data is available for this year.$2.30$0.78$1.52$2.62$2.79$0.17
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.30$0.62$1.68$2.71
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.16$0.53$1.63$2.74
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.31$0.62$1.69$2.60
Latest Detailed Filing

The latest 2025 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2024 below.

Jump To
Filing Snapshot
Filing Period
Feb 1, 2023 to Jan 31, 2024
Signed
Jul 2, 2025
Return Version
2023v6.0
Gross Receipts
$9,589,325
Mission and Program Overview

Mission

To provide quality, accessible, affordable primary and preventive medical, dental and behavioral health care in a compassionate and cost effective manner to all populations.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,194,934$5,795,566▲ $600,632
Cash and Non-Interest-Bearing Accounts$3,047,025$3,412,408▲ $365,383
Accounts Receivable$272,627$385,651▲ $113,024
Investments Other Securities$213,800$351,727▲ $137,927
Pledges and Grants Receivable-$50,703-
Prepaid Expenses and Deferred Charges$5,630$11,873▲ $6,243
Total Assets$8,909,455$10,102,232▲ $1,192,777
Other Assets Total$175,439$94,304▼ $81,135
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,322,695$817,178▼ $505,517
Accounts Payable and Accrued Expenses$540,965$570,833▲ $29,868
Deferred Revenue$230,711--
Other Liabilities$175,439$94,304▼ $81,135
Total Liabilities$2,269,810$1,482,315▼ $787,495
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,639,645$8,619,917▲ $1,980,272
Total Net Assets Fund Balance$6,639,645$8,619,917▲ $1,980,272
Total Liabilities and Net Assets / Fund Balance$8,909,455$10,102,232▲ $1,192,777

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,835,042$1,724,901$6,559,943
Land$471,863-$471,863
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Tandeka BurksMedical DireFT$260,000$260,000
Tandeka BurksMedical Director-$260,000$260,000
Nancy Henderson HinesStaff PhysicFT$240,000$240,000
Nancy Henderson HinesStaff Physician-$240,000$240,000
Michael KinnoDental DriecFT$200,000$200,000
Michael KinnoDental Driector-$200,000$200,000
Shaunna L HerrmanPhysician asFT$190,500$190,500
Shaunna L HerrmanPhysician Assistant-$190,500$190,500
Margaret CovingtonCEOFT$190,000$190,000

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$4,559,809
Program Service Revenue
$4,690,526
Investment Income
$0
Other Revenue
$338,990
Change in Net Assets
$1,912,836

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,589,325
Total Revenue per Audited Statements
$9,589,325
Total Revenue per Form 990
$9,589,325
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,397,719
Other Expenses$2,278,770
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,914,069$552,221-$4,466,290
All Other Expenses$516,457$315,493-$831,950
Other Employee Benefits$499,290$88,685-$587,975
Payroll Taxes$296,258$47,196-$343,454
Depreciation Depletion$222,930$1,233-$224,163
Other Expenses$154,987$160,606-$154,987
Occupancy-$74,868-$74,868
Interest$5,495$41,708-$47,203
Fees for Services Accounting-$45,503-$45,503
Insurance$12,417$16,179-$28,596
Office Expenses$2,301--$2,301
Advertising$1,933--$1,933
Total Functional Expenses$6,155,755$1,520,734$0$7,676,489

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,676,489
Total Expenses per Audited Statements$7,676,489
Total Expenses per Form 990$7,676,489
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Donovan MclaurinBoard MemberSale of Land to OrgNo$325,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$94,304
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Stedman wade sedman wade ceo cfo sisters

Form 990, Page 6, Part VI, Line 11B

The 990 was presented to the board of directors prior to filing. No formal process exist to review but all directors are provided the completed form 990 and discussion is open at the board meeting.

Form 990, Page 6, Part VI, Line 12C

Officers and directors have a duty to disclose actual or possible conflicts of interest to the board of directors. After disclosure the board determines whether a conflict of interest exists and what procedures should be perfomred to address the conflict. The policy requires annual statments prepared by each director, principle officer and members of management.

Form 990, Page 6, Part VI, Line 15A

Board of directors reviews and approves the salary for top management of the organization.

Form 990, Page 6, Part VI, Line 18

The organization's governing documents, financial statements, and conflict of interest polciy are available upon request.

Form 990, Page 6, Part VI, Line 19

The organization's governing documents, financial statements, and conflict of interest polciy are available upon request.

Filing and Contact Details

Filer

Filer Name
Stedman-wade Health Services Inc
EIN
56-1214119
Phone
9104836694
Address
PO BOX 449, WADE, NC 28395

Signing Officer

Name
Lydia Mason
Title
CFO
Phone
9104836694
Signed
2025-07-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Margaret Covington
Formed
1978
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
9
Employees
89

Preparer

Firm
Rose Group Cpas Pllc
Address
101 COSGROVE AVE STE 260, CHAPEL HILL, NC 27514
Preparer
Christina Stroud Ea
Phone
9199138081
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Item B

Form 990 is amended due to a revised set of audited financials being issued after the return was originally filed.

FORM 990 - ORGANIZATION'S MISSION

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.

Form 990, Part IX, Line 24E

Office supplies 30,331 105,912 0 telephone 29,701 82,212 0 maintenance & repairs 14,430 85,979 0 medical supplies 84,563 7,205 0 dental 66,827 0 0 medical and facility equi 60,191 0 0 software support 57,514 0 0 education and training 57,363 0 0 utilities 43,656 0 0 medical waste disposal 37,880 0 0 travel 7,825 16,187 0 postage & delivery 22,698 0 0 penalties 0 17,998 0 supplies lab 3,478 0 0 total 516,457 315,493 0

Form 990, Part XI, Line 9

Net assets beg balance 67,436

Raw XML AppendixShowing 400 of 452 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/Form990PartVIISectionAGrp/TitleTxt2DENTAL DRIEC
IRS990/Form990PartVIISectionAGrp/TitleTxt3PHYSICIAN AS
IRS990/Form990PartVIISectionAGrp/TitleTxt4CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt5PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13VICE PRESIDE
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IRS990/MissionDesc0THE 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.
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0TANDEKA BURKS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1NANCY HENDERSON HINES
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2MICHAEL KINNO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3SHAUNNA L HERRMAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm4MARGARET COVINGTON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0MEDICAL DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1STAFF PHYSICIAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2DENTAL DRIECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3PHYSICIAN ASSISTANT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt4CEO
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0DONOVAN MCLAURIN
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0BOARD MEMBER
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0SALE OF LAND TO ORG
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS AMENDED DUE TO A REVISED SET OF AUDITED FINANCIALS BEING ISSUED AFTER THE RETURN WAS ORIGINALLY FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2STEDMAN WADE SEDMAN WADE CEO CFO SISTERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 990 WAS PRESENTED TO THE BOARD OF DIRECTORS PRIOR TO FILING. NO FORMAL PROCESS EXIST TO REVIEW BUT ALL DIRECTORS ARE PROVIDED THE COMPLETED FORM 990 AND DISCUSSION IS OPEN AT THE BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OFFICERS AND DIRECTORS HAVE A DUTY TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST TO THE BOARD OF DIRECTORS. AFTER DISCLOSURE THE BOARD DETERMINES WHETHER A CONFLICT OF INTEREST EXISTS AND WHAT PROCEDURES SHOULD BE PERFOMRED TO ADDRESS THE CONFLICT. THE POLICY REQUIRES ANNUAL STATMENTS PREPARED BY EACH DIRECTOR, PRINCIPLE OFFICER AND MEMBERS OF MANAGEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BOARD OF DIRECTORS REVIEWS AND APPROVES THE SALARY FOR TOP MANAGEMENT OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLCIY ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE ORGANIZATION'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLCIY ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8OFFICE SUPPLIES 30,331 105,912 0 TELEPHONE 29,701 82,212 0 MAINTENANCE & REPAIRS 14,430 85,979 0 MEDICAL SUPPLIES 84,563 7,205 0 DENTAL 66,827 0 0 MEDICAL AND FACILITY EQUI 60,191 0 0 SOFTWARE SUPPORT 57,514 0 0 EDUCATION AND TRAINING 57,363 0 0 UTILITIES 43,656 0 0 MEDICAL WASTE DISPOSAL 37,880 0 0 TRAVEL 7,825 16,187 0 POSTAGE & DELIVERY 22,698 0 0 PENALTIES 0 17,998 0 SUPPLIES LAB 3,478 0 0 TOTAL 516,457 315,493 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9NET ASSETS BEG BALANCE 67,436
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, ITEM B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART IX, LINE 24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PART XI, LINE 9
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