Stedman-Wade Health Services Inc
- Assets
- $9.4m
- Revenue
- $8.8m
- Investments
- $213.7k
- Employees
- 89
- Location
- Wade, NC
- Founding
- 09/1980
- Data as of
- 01/2024
- EIN
- 56-1214119
Organization Overview
Stedman-Wade Health Services Inc is located in Wade, NC. The organization was established in 1980. As of 01/2024, Stedman-Wade Health Services Inc employed 89 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stedman-Wade Health 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 01/2024, Stedman-Wade Health Services Inc generated $8.8m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $7.8m during the year ending 01/2024. While expenses have increased by 10.7% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF STEDMAN-WADE HEALTH SERVICES IS TO PROVIDE QUALITY, ACCESSIBLE, AFFORDABLE, PRIMARY AND PREVENTIVE MEDICAL, DENTAL AND BEHAVIORAL HEALTH CARE IN A COMPASSIONATE AND COST EFFECTIVE MANNER TO ALL POPULATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE HEALTH SERVICES AND COMPREHENSIVE HEALTH CARE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tandeka Burks Medical Dire | Officer | 40 | $260,000 |
Nancy Henderson Hines Staff Physic | 40 | $240,000 | |
Michael Kinno Dental Driec | 40 | $200,000 | |
Shaunna L Herrman Physician As | 40 | $190,500 | |
Margaret Covington CEO | Officer | 40 | $190,000 |
Lynetta Allen-Geddie President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,744,248 |
| 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 | $2,744,248 |
| Total Program Service Revenue | $5,845,848 |
| Investment income | $0 |
| 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 | $8,778,815 |
| 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 | $0 |
| Other salaries and wages | $4,692,487 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $661,108 |
| Payroll taxes | $320,197 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,399 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,933 |
| Office expenses | $2,077 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $74,868 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $50,890 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $159,807 |
| Insurance | $14,321 |
| All other expenses | $797,150 |
| Total functional expenses | $7,791,247 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,428,081 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $705,160 |
| 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 | $34,837 |
| Net Land, buildings, and equipment | $5,878,589 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $213,712 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $175,439 |
| Total assets | $9,435,818 |
| Accounts payable and accrued expenses | $170,794 |
| Grants payable | $0 |
| Deferred revenue | $909,008 |
| 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 | $860,068 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $175,439 |
| Total liabilities | $2,115,309 |
| Net assets without donor restrictions | $7,320,509 |
| 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 | $9,435,818 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Health Care Systems Inc Wrightsville, GA | $9,883,522 | $20,086,583 |
Georgia Mountains Health Services Inc Blue Ridge, GA | $12,306,148 | $11,392,569 |
Stedman-Wade Health Services Inc Wade, NC | $9,435,818 | $8,778,815 |
Horizon Health Services Inc Ivor, VA | $9,245,310 | $7,377,437 |
Citizens Of Lake County For Health Care Inc Tiptonville, TN | $4,108,808 | $4,141,924 |
First Choice Community Health Centers Lillington, NC | $14,398,811 | $5,446,110 |
Virginia Rural Health Association Blacksburg, VA | $435,692 | $1,494,894 |
Duplin Medical Association Inc Rose Hill, NC | $215,776 | $651,377 |
Tyrrell County Rural Health Association Columbia, NC | $460,497 | $551,435 |
Southwell Inc Tifton, GA | $111,979 | $617,850 |
Dot And John Mooney Foundation Statesboro, GA | $235,553 | $131,309 |
Jackson First Alert Jackson, SC | $113,419 | $83,498 |