Daymark Recovery Services Inc
- Assets
- $39.2m
- Revenue
- $65.1m
- Investments
- $0.0
- Employees
- 1,082
- Location
- Salisbury, NC
- Founding
- 06/2005
- Data as of
- 06/2022
- EIN
- 02-0707661
Organization Overview
Daymark Recovery Services Inc is located in Salisbury, NC. The organization was established in 2005. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, under the broad grouping of Health Care and related organizations. As of 06/2022, Daymark Recovery Services Inc employed 1,082 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Daymark Recovery Services Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Daymark Recovery Services Inc generated $65.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $63.3m during the year ending 06/2022. While expenses have increased by 3.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE MENTAL HEALTH, AND SUBSTANCE ABUSE SERVICES FOR PEOPLE SUFFERING FROM THOSE DISABILITIES IN CENTRAL NORTH CAROLINA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED DIRECT BEHAVORIAL HEALTHCARE & SUBSTANCE ABUSE SERVICES TO THE CITIZENS OF 28 COUNTIES IN CENTRAL NORTH CAROLINA. SERVICES INCLUDE OUTPATIENT & FAMILY COUNSELING, MEDICAL PSYCHIATRIC SERVICES & EMERGENCY ASSESSMENT SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Billy R West Executive Director | Officer | 40 | $299,250 |
Philip Nofal Medical Director | Officer | 40 | $255,606 |
Elizabeth Mary Pekarek Medical Director | Officer | 40 | $247,661 |
Connie Lea Calvert Md | 40 | $234,419 | |
Joumana Hassani Md | 40 | $214,317 | |
Jerold D Greer Chief Information Officer | Officer | 40 | $190,171 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Capeside Telehealth Md | 6/29/22 | $334,612 |
Mary E Froelich Md Md | 6/29/22 | $227,850 |
William R Lay Iii Md Md | 6/29/22 | $224,380 |
Roger Laverne Holt Md | 6/29/22 | $181,235 |
Global Analytical Development Md | 6/29/22 | $200,242 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $65,053,850 |
| Investment income | $248,235 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $14,400 |
| Net Gain/Loss on Asset Sales | -$221,034 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $65,095,451 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $37,722,520 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $306,410 |
| Other employee benefits | $3,878,305 |
| Payroll taxes | $2,752,744 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $21,983 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,864,287 |
| Travel | $165,356 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $52,052 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $774,966 |
| Insurance | $564,209 |
| All other expenses | $5,027,169 |
| Total functional expenses | $63,268,279 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,625,057 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,102,637 |
| Accounts receivable, net | $3,311,774 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $378,648 |
| Net Land, buildings, and equipment | $4,072,089 |
| Investments—publicly traded securities | $10,388,484 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $351,494 |
| Total assets | $39,230,183 |
| Accounts payable and accrued expenses | $8,191,426 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,306,830 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $9,498,256 |
| Net assets without donor restrictions | $29,731,927 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $39,230,183 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Daymark Recovery Services Inc has recieved totaling $33.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $33 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Health Services Of Central Georgia Inc Macon, GA | $8,366,432 | $97,526,372 |
The Stern Cardiovascular Foundation Inc Germantown, TN | $17,127,426 | $49,543,413 |
Gaston Family Health Services Inc Gastonia, NC | $35,229,591 | $80,865,474 |
Frontier Health Gray, TN | $53,088,509 | $71,287,825 |
Medcura Health Inc Stone Mountain, GA | $35,224,823 | $76,303,870 |
Eau Claire Cooperative Health Center Inc Columbia, SC | $40,922,392 | $69,293,852 |
Piedmont Health Services Inc Chapel Hill, NC | $37,381,073 | $69,489,704 |
Daymark Recovery Services Inc Salisbury, NC | $39,230,183 | $65,095,451 |
Caresouth Carolina Inc Hartsville, SC | $34,185,450 | $62,130,801 |
Cherokee Health Systems Knoxville, TN | $78,560,180 | $71,163,695 |
Central Virginia Health Services Inc New Canton, VA | $73,302,827 | $67,111,160 |
Music City Prep Clinic Nashville, TN | $24,330,641 | $46,316,294 |