Lake Norman Community Health Clinic Inc
- Assets
- $3.1m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 13
- Location
- Huntersville, NC
- Founding
- 09/2014
- Data as of
- 12/2021
- EIN
- 04-3723062
Organization Overview
Lake Norman Community Health Clinic Inc is located in Huntersville, NC. The organization was established in 2014. 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 12/2021, Lake Norman Community Health Clinic Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Norman Community Health Clinic 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 12/2021, Lake Norman Community Health Clinic Inc generated $1.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.5%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (11.2%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE A MEDICAL HOME FOR UNINSURED FAMILIES AND INDIVIDUALS IN THE COMMUNITIES THAT WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLINIC HAS ONE PRIMARY PURPOSE WHICH IS TO PROVIDE HIGH QUALITY HEALTHCARE TO UNINSURED AND UNDERINSURED PATIENT. IN 2021, 8,172 PATIENT VISITS FOR 2,047 INDIVIDUALS WERE OFFERED AND 56 VOLUNTEERS CONTRIBUTED 1,949 HOURS TO THE ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
April Cook Executive Director/founder | Officer | 40 | $115,201 |
Stephen Antal Board Chair | OfficerTrustee | 2 | $0 |
Dr David Cook Founder/director | OfficerTrustee | 2 | $0 |
Andi Griffin VP Of Governance | Trustee | 2 | $0 |
Jeff Tarte VP Of Internal | Trustee | 2 | $0 |
Donna Askew Co-Vp Of External | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $70,007 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $41,520 |
| Government grants | $353,198 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,270,376 |
| Noncash contributions included in lines 1a–1f | $905,713 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,735,101 |
| Total Program Service Revenue | $49,775 |
| Investment income | $106,886 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,893,509 |
| 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. | $119,233 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $395,908 |
| Pension plan accruals and contributions | $8,756 |
| Other employee benefits | $26,727 |
| Payroll taxes | $38,381 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,961 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,141 |
| Advertising and promotion | $0 |
| Office expenses | $23,583 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,340 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,741 |
| Insurance | $4,243 |
| All other expenses | $0 |
| Total functional expenses | $1,589,422 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,381,516 |
| Savings and temporary cash investments | $1,276,091 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $85,982 |
| 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 | $5,641 |
| Net Land, buildings, and equipment | $316,915 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,066,145 |
| Accounts payable and accrued expenses | $16,729 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $16,729 |
| Net assets without donor restrictions | $3,002,038 |
| Net assets with donor restrictions | $47,378 |
| 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 | $3,066,145 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Lake Norman Community Health Clinic Inc has recieved totaling $546,834.
| Awarding Organization | Amount |
|---|---|
Direct Relief Santa Barbara, CA PURPOSE: SUPPORT TO US CLINICS & HEALTH CENTERS FOR LOW-INCOME, UNINSURED PATIENTS | $278,938 |
Presbyterian Hospital Winston Salem, NC PURPOSE: COMMUNITY OUTREACH | $120,000 |
North Carolina Association Of Free And Charitable Clinics Inc Winston Salem, NC PURPOSE: Increase avail of healthcare to uninsured of NC or CRF for COVID-19 related costs | $52,245 |
United Way Of Greater Charlotte Charlotte, NC PURPOSE: PROGRAM OPERATING COSTS; DONOR DESIGNATED 3RD PARTY FOR PROGRAM OPERATING COSTS | $52,019 |
Peninsula Community Foundation Cornelius, NC PURPOSE: COMMUNITY HEALTH | $20,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $10,400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Family Health Centers Inc Orangeburg, SC | $20,767,853 | $20,714,600 |
Sarrell Regional Dental Center For Public Health Inc Nashville, TN | $0 | $14,776,033 |
Vernon J Harris East End Community Health Center Richmond, VA | $16,491,189 | $17,512,420 |
Memphis Lung Physicians Foundation Inc Memphis, TN | $4,739,184 | $13,322,151 |
Peninsula Institute For Community Health Inc Newport News, VA | $13,296,613 | $18,520,138 |
Southwest Virginia Community Health Systems Incorporated Meadowview, VA | $23,215,796 | $18,922,049 |
Greater Prince William Area Community Health Center Inc Woodbridge, VA | $9,047,910 | $19,215,869 |
Georgia Highlands Medical Services Inc Cumming, GA | $9,524,949 | $16,747,802 |
Matthew Walker Comprehensive Health Center Inc Nashville, TN | $12,433,796 | $15,795,322 |
Mountain Community Health Partnership Incorporated Bakersville, NC | $9,409,704 | $15,495,800 |
Health Care Partners Of South Carolina Inc Conway, SC | $17,532,043 | $17,540,965 |
Tri Area Community Health Laurel Fork, VA | $16,479,129 | $14,012,856 |