Wayne Health Corporation
- Assets
- $12.3m
- Revenue
- $618.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Goldsboro, NC
- Founding
- 06/1991
- Data as of
- 06/2022
- EIN
- 56-1479733
Organization Overview
Wayne Health Corporation is located in Goldsboro, NC. The organization was established in 1991. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wayne Health Corporation 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, Wayne Health Corporation generated $618.1k 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 (9.7%) each year. All expenses for the organization totaled $43.0 during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.0%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SERVICES TO TAX-EXEMPT ORGANIZATIONS WITHIN ITS CORPORATE STRUCTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WAYNE HEALTH CORPORATION IS THE PARENT OF WAYNE MEMORIAL HOSPITAL, WAYNE HEALTH FOUNDATION AND WAYNE HEALTH PHYSICIANS. EACH OF WHICH STRIVES TO IMPROVE THE HEALTH OF CITIZENS OF WAYNE COUNTY, NC AND SURROUNDING AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessie L Tucker III President & CEO | OfficerTrustee | 1 | $0 |
William Thoma Sr VP Finance CFO | Officer | 1 | $0 |
Adrian Worrell Board Member | Trustee | 1 | $0 |
Anthony W Hamm Dc Board Member | Trustee | 1 | $0 |
Chris Wise Board Member | Trustee | 1 | $0 |
Harold D Brashear Board Member | Trustee | 1 | $0 |
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 | $0 |
| Investment income | $464,376 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $153,691 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $618,067 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $43 |
| Total functional expenses | $43 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $906,784 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $225,000 |
| Investments—publicly traded securities | $1,876,206 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,299,542 |
| Total assets | $12,307,532 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $12,307,532 |
| 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 | $12,307,532 |
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| Organization Name | Assets | Revenue |
|---|---|---|
North Carolina Health Care Facilities Association Raleigh, NC | $7,250,917 | $10,174,822 |
Community Access Network Inc Lynchburg, VA | $3,366,772 | $9,205,498 |
Memorial Foundation Inc Hendersonville, TN | $144,950,295 | $26,657,914 |
The Urban Child Institute Memphis, TN | $142,913,369 | $7,151,914 |
Blue Ridge Healthcare Systems Inc Morganton, NC | $118,344,901 | $7,568,628 |
Granville Health Inc Oxford, NC | $57,936 | $7,607,147 |
Primary Care Association Of Sc Inc Columbia, SC | $4,474,892 | $6,796,338 |
Charlotte Community Health Clinic Inc Charlotte, NC | $4,027,705 | $6,375,972 |
Curae Health Inc Clinton, TN | $11,361,305 | $4,382,300 |
Health And Housing Support Services Inc Nashville, TN | $93,152,078 | $5,382,944 |
Care Foundation Of America Inc Brentwood, TN | $57,272,015 | $4,005,921 |
Self Memorial Regional Health Services Inc Greenwood, SC | $9,397,769 | $4,843,115 |