Civic Intelligence

South Robeson Medical Dev Corp

EIN 58-1384328 • 501(c)3 • Fairmont, NC

Profile

To recruit and support medical staff and facilities for rural North Carolina

604 Park AvenueFairmont, NC 28340

n/A

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.38x

Higher debt load relative to assets than 83% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

97th percentile

4.25x

Higher debt load relative to revenue than 97% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

96th percentile

79%

Higher net margin than 96% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

93rd percentile

84%

Faster asset growth than 93% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

98th percentile

338%

Faster revenue growth than 98% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Up

$920,546

Up $420,243 (+84%) from 2023

Liabilities

Up

$354,144

Up $354,144 from 2023

Net Assets

Up

$566,402

Up $66,099 (+13%) from 2023

Operations
Liabilities / Revenue97th percentileNet Margin96th percentile

Revenue

Up

$83,316

Up $64,297 (+338%) from 2023

Expenses

Down

$17,217

Down $5,021 (-23%) from 2023

Net Income

Up

$66,099

Up $69,318 (+2153%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth93rd percentile

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

$1.0M$500K$0Assets 2022: $503,522Liabilities 2022: $0Net Assets 2022: $503,5222022Assets 2023: $500,303Liabilities 2023: $0Net Assets 2023: $500,3032023Assets 2024: $920,546Liabilities 2024: $354,144Net Assets 2024: $566,4022024

Highlighted filing

2024

Assets$920,546
Liabilities$354,144
Net Assets$566,402
Open 2024 Filing

Operations Trend

Revenue Growth98th percentile

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

$100K$50K$0-$50KRevenue 2022: $41,585Expenses 2022: $11,500Net Income 2022: $30,0852022Revenue 2023: $19,019Expenses 2023: $22,238Net Income 2023: -$3,2192023Revenue 2024: $83,316Expenses 2024: $17,217Net Income 2024: $66,0992024

Highlighted filing

2024

Revenue$83,316
Expenses$17,217
Net Income$66,099
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$920,546
Liabilities
$354,144
Net assets
$566,402
Revenue
$83,316
Expenses
$17,217
Net income
$66,099
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.21$3.54$5.66$0.83$0.17$0.66
2023Summary only. Only limited summary data is available for this year.$5.00$0.00$5.00$0.19$0.22$0.03
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.04$0.00$5.04$0.42$0.12$0.30
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 2, 2025
Return Version
2024v5.2
Gross Receipts
$94,419
Mission and Program Overview

Mission

To recruit and support medical staff and facilities for rural nc.

To recruit and support medical staff and facilities for rural North Carolina

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net-$554,430-
Investments in Publicly Traded Securities$311,961$343,122▲ $31,161
Cash and Non-Interest-Bearing Accounts$188,342$22,994▼ $165,348
Total Assets$500,303$920,546▲ $420,243
Liabilities
Mortgage Notes Payable Secured by Investment Property-$354,144-
Total Liabilities$0$354,144▲ $354,144
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$500,303$566,402▲ $66,099
Total Net Assets Fund Balance$500,303$566,402▲ $66,099
Total Liabilities and Net Assets / Fund Balance$500,303$920,546▲ $420,243

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$554,430$5,383-
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Wayland B Lennon IIIDirector
Joseph P MitchellSecretary/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$31,161
Other Revenue
$52,155
Change in Net Assets
$66,099
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$17,217
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$9,981$0$0$9,981
Depreciation Depletion$5,383$0$0$5,383
Insurance$1,003$0$0$1,003
Fees for Services Accounting$850$0$0$850
Total Functional Expenses$17,217$0$0$17,217
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
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
No
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
Filing and Contact Details

Filer

Filer Name
South Robeson Medical Dev Corp
EIN
58-1384328
Phone
9107400628
Address
604 Park Avenue, Fairmont, NC 28340

Signing Officer

Name
Waylon B Lennon
Title
Chairman
Phone
9107400628
Signed
2025-10-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Waylon B Lennon
Formed
1979
Legal Domicile
Nc
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
5

Preparer

Firm
Collins & Kemp CPAs PLLC
Address
305 E 21st St, Lumberton, NC 28358
Preparer
Tamara C Kemp
Phone
9106743364
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“Form 990 was reviewed by the governing body before e-filing”

Pt VI, Line 12C

“All members in compliance with boards conflict of interest policy”

Raw XML Appendix287 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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ReturnHeader/ReturnTs02025-10-02T10:39:53-07:00
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ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Peer Organizations

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