Civic Intelligence

Medical Resource Center for Randolph County Inc.

990 • Fiscal year 2018 • EIN 56-1799394

Sep 01, 2017 to Aug 31, 2018 • Filed on Dec 31, 2018

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

0.62x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

75th percentile

0.39x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

54th percentile

4.3%

Higher net margin than 54% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

76th percentile

$121,191

Higher top officer pay than 76% of similar nonprofits.

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

41st percentile

-1.1%

Faster asset growth than 41% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

63rd percentile

10%

Faster revenue growth than 63% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$1,425,804

Down $15,823 (-1.1%) from 2017

Net Assets

Up

$546,072

Up $95,543 (+21%) from 2017

Liabilities

Down

$879,732

Down $111,366 (-11%) from 2017

Revenue

Up

$2,243,870

Up $209,753 (+10%) from 2017

Expenses

Up

$2,148,327

Up $77,872 (+3.8%) from 2017

Net Income

Up

$95,543

Up $131,881 (+363%) from 2017

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

2018

Assets$1,425,804
Liabilities$879,732
Net Assets$546,072

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

2018

Revenue$2,243,870
Expenses$2,148,327
Net Income$95,543
Jump To
Filing Snapshot
Filing Period
Sep 1, 2017 to Aug 31, 2018
Signed
Dec 31, 2018
Return Version
2017v2.2
Gross Receipts
$2,243,870
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$1,302,316$1,268,150▼ $34,166
Cash and Non-Interest-Bearing Accounts$78,532$98,579▲ $20,047
Pledges and Grants Receivable$31,895$37,500▲ $5,605
Accounts Receivable$28,884$18,575▼ $10,309
Investments Other Securities-$3,000-
Total Assets$1,441,627$1,425,804▼ $15,823
Liabilities
Mortgage Notes Payable Secured by Investment Property$857,956$761,242▼ $96,714
Accounts Payable and Accrued Expenses$133,142$118,490▼ $14,652
Total Liabilities$991,098$879,732▼ $111,366
Net Assets / Fund Balance
Unrestricted Net Assets$418,634$498,572▲ $79,938
Temporarily Rstr Net Assets$31,895$47,500▲ $15,605
Total Net Assets Fund Balance$450,529$546,072▲ $95,543
Total Liabilities and Net Assets / Fund Balance$1,441,627$1,425,804▼ $15,823

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$866,503$566,946$1,433,449
Equipment$153,946$993,311$1,147,257
Land$247,701-$247,701
Leasehold Improvements-$32,194$32,194
Other Securities$3,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Teresa ShacklefordCEOFT$104,699$16,492$121,191

Board Members and Trustees

NameTitle
Uzama PriceChairperson
Nichelle GrayVice Chair
Colleen Downey MitchellSecretary
Michelle HinshawTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,673,001
Program Service Revenue
$570,869
Investment Income
$0
Other Revenue
$0
All Other Contributions
$170,879
Change in Net Assets
$95,543

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,243,870
Total Revenue per Audited Statements
$2,243,870
Total Revenue per Form 990
$2,243,870
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,307,618
Other Expenses$840,709
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$691,087$282,275-$973,362
Fees for Services Other$373,820$11,719-$385,539
Other Employee Benefits$92,948$37,965-$130,913
Current Officers, Directors, Trustees, and Key Employees$74,336$30,363-$104,699
Payroll Taxes$57,998$23,689-$81,687
All Other Expenses$54,347$27,088-$81,435
Depreciation Depletion$52,310$21,366-$73,676
Occupancy$32,617$13,322-$45,939
Interest$24,846$10,148-$34,994
Office Expenses$18,611$7,602-$26,213
Pension Plan Contributions$12,039$4,918-$16,957
Other Expenses$10,616$4,336-$14,952
Advertising$9,138$3,732-$12,870
Fees for Services Accounting$6,745$2,755-$9,500
Insurance$4,556$1,861-$6,417
Travel$4,379$1,789-$6,168
Total Functional Expenses$1,653,182$495,145$0$2,148,327

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,148,327
Total Expenses per Audited Statements$2,148,327
Total Expenses per Form 990$2,148,327
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
No
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
2018-12-31
Discuss with paid preparer
No

Organization Details

Principal Officer
Teresa Shackleford
Formed
1992
Legal Domicile
Nc
Voting Board Members
11
Independent Board Members
10
Employees
30
Volunteers
20

Preparer

Firm
PT CPAs PLLC
Address
7610 Falls of Neuse Rd, Raleigh, NC 27615
Preparer
Joseph Turchetti
Phone
9198476800
Supplemental Narrative

Additional Explanations

List of other fees for services expenses Part IX line 11G

The list of Other Service is detailed on the overflow schedules of this form 990.

List of other expenses Part IX line 24E

The list of Other Expenses is detailed on the overflow schedules of this 990

Raw XML Appendix387 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.

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IRS990ScheduleD/BuildingsGrp/BookValueAmt0866503
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0566946
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01433449
IRS990ScheduleD/EquipmentGrp/BookValueAmt0153946
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0993311
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01147257
IRS990ScheduleD/ExpensesSubtotalAmt02148327
IRS990ScheduleD/LandGrp/BookValueAmt0247701
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0247701
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt032194
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt032194
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt03000
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Closely Held Enterprise
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/RevenueSubtotalAmt02243870
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01268150
IRS990ScheduleD/TotalBookValueSecuritiesAmt03000
IRS990ScheduleD/TotalExpensesPerForm990Amt02148327
IRS990ScheduleD/TotalRevenuePerForm990Amt02243870
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02243870
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02148327
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/ExplanationTxt6The list of Other Service is detailed on the overflow schedules of this form 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7The list of Other Expenses is detailed on the overflow schedules of this 990
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6List of other fees for services expenses Part IX line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7List of other expenses Part IX line 24e
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NC
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt031895
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt047500
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01441627
IRS990/TotalAssetsEOYAmt01425804
IRS990/TotalAssetsGrp/BOYAmt01441627
IRS990/TotalAssetsGrp/EOYAmt01425804
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01673001
IRS990/TotalEmployeeCnt030
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0495145
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01653182
IRS990/TotalFunctionalExpensesGrp/TotalAmt02148327
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0991098
IRS990/TotalLiabilitiesEOYAmt0879732
IRS990/TotalLiabilitiesGrp/BOYAmt0991098
IRS990/TotalLiabilitiesGrp/EOYAmt0879732
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0450529
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0546072
IRS990/TotalOtherCompensationAmt016492
IRS990/TotalProgramServiceExpensesAmt01653182
IRS990/TotalProgramServiceRevenueAmt0570869
IRS990/TotalReportableCompFromOrgAmt0104699
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0570869
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02243870
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01441627
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01425804
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ManagementAndGeneralAmt01789
IRS990/TravelGrp/ProgramServicesAmt04379
IRS990/TravelGrp/TotalAmt06168
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0418634
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0498572
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt010
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Teresa Shackleford
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum03366721300
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-12-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Med Resource Ctr for Randolph Co
ReturnHeader/Filer/BusinessNameControlTxt0MEDR
ReturnHeader/Filer/EIN0561799394
ReturnHeader/Filer/USAddress/AddressLine1Txt01831 North Fayetteville St
ReturnHeader/Filer/USAddress/CityNm0Asheboro
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027203
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId011DBF8B0DF0D0C3AD496A73EC7961EC52E5DC534
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId011DBF8B0DF0D0C3AD496A73EC7961EC52E5DC534
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId06964382019007ijk1bxl
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02019-01-07
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0166.78.5.128
ReturnHeader/FilingSecurityInformation/IPDt02019-01-07
ReturnHeader/FilingSecurityInformation/IPTm010:53:29
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0464529092
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PT CPAs PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07610 Falls of Neuse Rd
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Raleigh
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027615
ReturnHeader/PreparerPersonGrp/PhoneNum09198476800
ReturnHeader/PreparerPersonGrp/PreparationDt02019-01-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Joseph Turchetti
ReturnHeader/ReturnTs02019-01-04T15:34:45-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-09-01
ReturnHeader/TaxPeriodEndDt02018-08-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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