Civic Intelligence

Medical Resource Center for Randolph County Inc.

990 • Fiscal year 2016 • EIN 56-1799394

Sep 01, 2015 to Aug 31, 2016 • Filed on Dec 15, 2016

1831 North Fayetteville StAsheboro, NC 27203

(336) 672-1300

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

84th percentile

0.64x

Higher debt load relative to assets than 84% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

75th percentile

0.44x

Higher debt load relative to revenue than 75% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

69th percentile

10%

Higher net margin than 69% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

71st percentile

$104,550

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 5.4% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

66th percentile

6.9%

Faster asset growth than 66% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

79th percentile

23%

Faster revenue growth than 79% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Up

$1,342,281

Up $86,472 (+6.9%) from 2015

Net Assets

Up

$486,867

Up $199,342 (+69%) from 2015

Liabilities

Down

$855,414

Down $112,870 (-12%) from 2015

Revenue

Up

$1,947,222

Up $367,335 (+23%) from 2015

Expenses

Up

$1,747,880

Up $139,390 (+8.7%) from 2015

Net Income

Up

$199,342

Up $227,945 (+797%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2011: $2,214,731Liabilities 2011: $1,250,210Net Assets 2011: $964,5212011Assets 2012: $1,773,152Liabilities 2012: $1,217,324Net Assets 2012: $555,8282012Assets 2013: $1,530,397Liabilities 2013: $1,133,316Net Assets 2013: $397,0812013Assets 2014: $1,425,126Liabilities 2014: $1,108,998Net Assets 2014: $316,1282014Assets 2015: $1,255,809Liabilities 2015: $968,284Net Assets 2015: $287,5252015Assets 2016: $1,342,281Liabilities 2016: $855,414Net Assets 2016: $486,8672016Assets 2017: $1,441,627Liabilities 2017: $991,098Net Assets 2017: $450,5292017Assets 2018: $1,425,804Liabilities 2018: $879,732Net Assets 2018: $546,0722018Assets 2019: $1,631,025Liabilities 2019: $874,350Net Assets 2019: $756,6752019Assets 2020: $1,721,512Liabilities 2020: $1,654,022Net Assets 2020: $67,4902020Assets 2021: $2,443,446Liabilities 2021: $2,084,654Net Assets 2021: $358,7922021Assets 2022: $2,711,433Liabilities 2022: $1,553,556Net Assets 2022: $1,157,8772022Assets 2023: $2,637,130Liabilities 2023: $997,725Net Assets 2023: $1,639,4052023

Highlighted filing

2016

Assets$1,342,281
Liabilities$855,414
Net Assets$486,867

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $2,264,2092011Expenses 2012: $1,624,3862012Revenue 2013: $1,324,179Expenses 2013: $1,482,926Net Income 2013: -$158,7472013Revenue 2014: $1,460,371Expenses 2014: $1,541,324Net Income 2014: -$80,9532014Revenue 2015: $1,579,887Expenses 2015: $1,608,490Net Income 2015: -$28,6032015Revenue 2016: $1,947,222Expenses 2016: $1,747,880Net Income 2016: $199,3422016Revenue 2017: $2,034,117Expenses 2017: $2,070,455Net Income 2017: -$36,3382017Revenue 2018: $2,243,870Expenses 2018: $2,148,327Net Income 2018: $95,5432018Revenue 2019: $2,927,874Expenses 2019: $2,717,271Net Income 2019: $210,6032019Revenue 2020: $2,338,833Expenses 2020: $3,028,018Net Income 2020: -$689,1852020Revenue 2021: $3,543,468Expenses 2021: $3,252,166Net Income 2021: $291,3022021Revenue 2022: $4,330,507Expenses 2022: $3,531,422Net Income 2022: $799,0852022Revenue 2023: $2,324,038Expenses 2023: $1,842,510Net Income 2023: $481,5282023

Highlighted filing

2016

Revenue$1,947,222
Expenses$1,747,880
Net Income$199,342
Jump To
Filing Snapshot
Filing Period
Sep 1, 2015 to Aug 31, 2016
Signed
Dec 15, 2016
Return Version
2015v3.0
Gross Receipts
$1,948,262
Mission and Program Overview

Mission

To provide medical care for all those in need, regardless of ability to pay.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,166,111$1,150,808▼ $15,303
Cash and Non-Interest-Bearing Accounts$36,067$110,409▲ $74,342
Accounts Receivable$21,414$49,169▲ $27,755
Pledges and Grants Receivable$32,217$31,895▼ $322
Total Assets$1,255,809$1,342,281▲ $86,472
Liabilities
Mortgage Notes Payable Secured by Investment Property$905,934$782,950▼ $122,984
Accounts Payable and Accrued Expenses$62,350$72,464▲ $10,114
Total Liabilities$968,284$855,414▼ $112,870
Net Assets / Fund Balance
Unrestricted Net Assets$255,308$454,972▲ $199,664
Temporarily Rstr Net Assets$32,217$31,895▼ $322
Total Net Assets Fund Balance$287,525$486,867▲ $199,342
Total Liabilities and Net Assets / Fund Balance$1,255,809$1,342,281▲ $86,472

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$796,537$504,341$1,300,878
Equipment$174,060$928,107$1,102,167
Land$180,211-$180,211
Leasehold Improvements-$32,194$32,194
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Teresa ShacklefordCEOFT$95,081$9,469$104,550

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,412,221
Program Service Revenue
$536,041
Investment Income
$-1,040
Other Revenue
$0
All Other Contributions
$4,537
Change in Net Assets
$199,342

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,947,222
Total Revenue per Audited Statements
$1,947,222
Total Revenue per Form 990
$1,947,222
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,223,362
Other Expenses$524,518
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$648,696$264,961-$913,657
Other Employee Benefits$84,767$34,623-$119,390
Depreciation Depletion$72,634$29,667-$102,301
Current Officers, Directors, Trustees, and Key Employees$67,508$27,573-$95,081
Fees for Services Other$61,965$25,309-$87,274
Payroll Taxes$58,530$23,906-$82,436
All Other Expenses$48,989$22,507-$71,496
Office Expenses$31,782$12,981-$44,763
Interest$22,056$9,009-$31,065
Pension Plan Contributions$9,087$3,711-$12,798
Insurance$7,819$3,194-$11,013
Other Expenses$7,668$3,132-$10,800
Fees for Services Accounting$7,100$2,900-$10,000
Travel$4,518$1,845-$6,363
Advertising$348$142-$490
Total Functional Expenses$1,272,793$475,087$0$1,747,880

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,747,880
Total Expenses per Audited Statements$1,747,880
Total Expenses per Form 990$1,747,880
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
Governance and Compliance

Governance Checklist

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

Governance Explanations

Organizational document changes Part VI line 4

They bylaws of the organization were enhanced in September 2015 to better define the purpose; board members terms and qualifications; meetings of directors; officers duties; contracts, loans and deposits; and records and reports

Form 990 governing body review Part VI line 11

The 990 is reviewed in detail by the Organizations CEO, who is a CPA.Then the 990 is provided to the Board of Directors for their review and approval.

Conflict of interest policy compliance Part VI line 12C

Annually the Board of Directors reviews the conflict of interest policy and all Board members sign their names, indicating their knowledge of the policy.

CEO executive director top management comp Part VI line 15A

Annually the Board of Directors formally reviews the performance of the CEO. The Board considers factors such as the Organizations finances, comparable compensation plans at other FQHCs, and ultimately determines the CEOs compensation package.

Other officer or key employee compensation Part VI line 15B

The Board of Directors approves the salaries of all personnel through their approval of the annual budget.

Governing documents etc available to public Part VI line 19

The CEO of the Organization will provide access to the Organizations governing documents and form 990 when requested.

Filing and Contact Details

Filer

Filer Name
Med Resource Ctr for Randolph Co
EIN
56-1799394
Address
1831 North Fayetteville St, Asheboro, NC 27203

Signing Officer

Name
Teresa Shackleford
Title
CEO
Phone
3366721300
Signed
2016-12-15
Discuss with paid preparer
No

Organization Details

Principal Officer
Teresa Shackleford
Formed
1992
Legal Domicile
Nc
Voting Board Members
11
Independent Board Members
11
Employees
27

Preparer

Firm
PT CPAs PLLC
Address
7610 Falls of Neuse Rd Ste 100, Raleigh, NC 27615
Preparer
Joseph Turchetti
Phone
9198476800
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IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt034623
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt084767
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0119390
IRS990/OtherExpensesGrp/Desc0Medical and Dental Supplies
IRS990/OtherExpensesGrp/Desc1Outside Laboratory
IRS990/OtherExpensesGrp/Desc2Utilities and Telephone
IRS990/OtherExpensesGrp/Desc3Janitorial
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt09627
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13132
IRS990/OtherExpensesGrp/ProgramServicesAmt079114
IRS990/OtherExpensesGrp/ProgramServicesAmt136642
IRS990/OtherExpensesGrp/ProgramServicesAmt223570
IRS990/OtherExpensesGrp/ProgramServicesAmt37668
IRS990/OtherExpensesGrp/TotalAmt079114
IRS990/OtherExpensesGrp/TotalAmt136642
IRS990/OtherExpensesGrp/TotalAmt233197
IRS990/OtherExpensesGrp/TotalAmt310800
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0264961
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0648696
IRS990/OtherSalariesAndWagesGrp/TotalAmt0913657
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt023906
IRS990/PayrollTaxesGrp/ProgramServicesAmt058530
IRS990/PayrollTaxesGrp/TotalAmt082436
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt03711
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt09087
IRS990/PensionPlanContributionsGrp/TotalAmt012798
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt032217
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt031895
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0Teresa Shackleford
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0621300
IRS990/ProgramServiceRevenueGrp/BusinessCd1621300
IRS990/ProgramServiceRevenueGrp/Desc0Patient Service Revenue
IRS990/ProgramServiceRevenueGrp/Desc1Cost Report Income
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0526432
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt19609
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0526432
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt19609
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01093059
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0-8570
IRS990/PYOtherExpensesAmt0529318
IRS990/PYOtherRevenueAmt02579
IRS990/PYProgramServiceRevenueAmt0492819
IRS990/PYRevenuesLessExpensesAmt0-28603
IRS990/PYSalariesCompEmpBnftPaidAmt01079172
IRS990/PYTotalExpensesAmt01608490
IRS990/PYTotalRevenueAmt01579887
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0199342
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/HospitalInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0796537
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0504341
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01300878
IRS990ScheduleD/EquipmentGrp/BookValueAmt0174060
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0928107
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01102167
IRS990ScheduleD/ExpensesSubtotalAmt01747880
IRS990ScheduleD/LandGrp/BookValueAmt0180211
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0180211
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt032194
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt032194
IRS990ScheduleD/RevenueSubtotalAmt01947222
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01150808
IRS990ScheduleD/TotalExpensesPerForm990Amt01747880
IRS990ScheduleD/TotalRevenuePerForm990Amt01947222
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01947222
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01747880
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0They bylaws of the organization were enhanced in September 2015 to better define the purpose; board members terms and qualifications; meetings of directors; officers duties; contracts, loans and deposits; and records and reports
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The 990 is reviewed in detail by the Organizations CEO, who is a CPA.Then the 990 is provided to the Board of Directors for their review and approval.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Annually the Board of Directors reviews the conflict of interest policy and all Board members sign their names, indicating their knowledge of the policy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Annually the Board of Directors formally reviews the performance of the CEO. The Board considers factors such as the Organizations finances, comparable compensation plans at other FQHCs, and ultimately determines the CEOs compensation package.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Board of Directors approves the salaries of all personnel through their approval of the annual budget.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The CEO of the Organization will provide access to the Organizations governing documents and form 990 when requested.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Organizational document changes Part VI line 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt032217
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt031895
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01255809
IRS990/TotalAssetsEOYAmt01342281
IRS990/TotalAssetsGrp/BOYAmt01255809
IRS990/TotalAssetsGrp/EOYAmt01342281
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01412221
IRS990/TotalEmployeeCnt027
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0475087
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01272793
IRS990/TotalFunctionalExpensesGrp/TotalAmt01747880
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0968284
IRS990/TotalLiabilitiesEOYAmt0855414
IRS990/TotalLiabilitiesGrp/BOYAmt0968284
IRS990/TotalLiabilitiesGrp/EOYAmt0855414
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0287525
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0486867
IRS990/TotalOtherCompensationAmt09469
IRS990/TotalProgramServiceExpensesAmt01272793
IRS990/TotalProgramServiceRevenueAmt0536041
IRS990/TotalReportableCompFromOrgAmt095081
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0535001
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01947222
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01255809
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01342281
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ManagementAndGeneralAmt01845
IRS990/TravelGrp/ProgramServicesAmt04518
IRS990/TravelGrp/TotalAmt06363
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0255308
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0454972
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.64$1.00$1.64$2.32$1.84$0.48
2022Detailed filing. Detailed filing data is available for this year.$2.71$1.55$1.16$4.33$3.53$0.80
2021Detailed filing. Detailed filing data is available for this year.$2.44$2.08$0.36$3.54$3.25$0.29
2020Detailed filing. Detailed filing data is available for this year.$1.72$1.65$0.07$2.34$3.03$0.69
2019Detailed filing. Detailed filing data is available for this year.$1.63$0.87$0.76$2.93$2.72$0.21
2018Detailed filing. Detailed filing data is available for this year.$1.43$0.88$0.55$2.24$2.15$0.10
2017Detailed filing. Detailed filing data is available for this year.$1.44$0.99$0.45$2.03$2.07$0.04
2016Detailed filing. Detailed filing data is available for this year.$1.34$0.86$0.49$1.95$1.75$0.20
2015Detailed filing. Detailed filing data is available for this year.$1.26$0.97$0.29$1.58$1.61$0.03
2014Detailed filing. Detailed filing data is available for this year.$1.43$1.11$0.32$1.46$1.54$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.53$1.13$0.40$1.32$1.48$0.16
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.77$1.22$0.56$1.62
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.21$1.25$0.96$2.26