Randolph Specialty Group Practice

Randolph Specialty Group Practice consistently operates at a deficit, accumulating significant liabilities.

EIN: 113827203 · Asheboro, NC · NTEE: E30 · Updated: 2026-03-28

$20.7MRevenue

$3.7MAssets

40/100Mission Score (Fair)

E30

About Randolph Specialty Group Practice

Randolph Specialty Group Practice (EIN: 113827203) is a nonprofit organization based in Asheboro, NC, classified under NTEE code E30. The organization reported total revenue of $20.7M and total assets of $3.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Randolph Specialty Group Practice's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Randolph Specialty Group Practice exhibits a concerning financial trend, consistently operating at a deficit over the past decade. In the latest filing (202009), expenses of $23,734,386 significantly exceeded revenue of $20,702,907, resulting in a $3,031,479 shortfall. This pattern of spending more than it earns has led to a substantial accumulation of liabilities, which stood at $26,240,664 in 2020, far outweighing its assets of $3,673,247. This indicates a precarious financial position and raises questions about long-term sustainability.

The organization's transparency regarding executive compensation is high, with 0% reported for officer compensation across all ten filings. However, the consistent operational losses and the growing debt burden are significant red flags for financial health. While the NTEE code E30 suggests a focus on specialty medical care, the financial data points to an organization struggling to manage its costs relative to its income, which could impact its ability to deliver on its mission effectively.

Given the persistent deficits and the high liabilities-to-assets ratio, potential donors or stakeholders should exercise caution. A deeper dive into the specific nature of their expenses and revenue streams would be necessary to fully understand the underlying causes of these financial challenges and assess the organization's future viability.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Randolph Specialty Group Practice with a Mission Score of 40 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, Randolph Specialty Group Practice allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating either no paid officers or that compensation is reported under other expense categories, which could impact transparency.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Randolph Specialty Group Practice's IRS 990 filings:

Consistent operational deficits over the past decade (e.g., $3,031,479 deficit in 2020).
High and increasing liabilities ($26,240,664 in 2020) significantly exceeding assets ($3,673,247 in 2020).
Negative net assets, indicating a precarious financial position.
Lack of clarity on how the organization funds its deficits and manages its growing debt.

Strengths

The following positive indicators were identified for Randolph Specialty Group Practice:

Reported 0% officer compensation across all filings, indicating potential efficiency in leadership costs or alternative reporting.
Consistent revenue generation over $20 million in recent years (e.g., $20,702,907 in 2020), suggesting a stable service demand.

Frequently Asked Questions about Randolph Specialty Group Practice

Is Randolph Specialty Group Practice financially sustainable?

Based on the consistent deficits (e.g., $3,031,479 in 2020) and a high liabilities-to-assets ratio ($26,240,664 liabilities vs. $3,673,247 assets in 2020), the organization's financial sustainability is highly questionable.

Why does the organization consistently spend more than it earns?

The filings consistently show expenses exceeding revenue (e.g., $23,734,386 expenses vs. $20,702,907 revenue in 2020), but the specific reasons for this persistent operational deficit are not detailed in the provided summary data.

What is the impact of the growing liabilities on the organization's operations?

The substantial and growing liabilities, reaching $26,240,664 in 2020, could severely restrict the organization's financial flexibility, ability to invest, and long-term operational capacity.

Filing History

IRS 990 filing history for Randolph Specialty Group Practice showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2020), Randolph Specialty Group Practice's revenue has grown by 325.3%, moving from $4.9M to $20.7M. Total assets increased by 147.2% over the same period, from $1.5M to $3.7M. Total functional expenses rose by 308.2%, from $5.8M to $23.7M. In its most recent filing year (2020), Randolph Specialty Group Practice reported a deficit of $3.0M, with expenses exceeding revenue. The organization holds $26.2M in liabilities against $3.7M in assets (debt-to-asset ratio: 714.4%), resulting in net assets of $-22,567,417.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2020	$20.7M	$23.7M	$3.7M	$26.2M	—	View 990
2019	$21.1M	$24.4M	$3.4M	$23.0M	—	View 990
2018	$19.6M	$23.2M	$4.4M	$20.7M	—	View 990
2017	$20.2M	$23.3M	$4.8M	$17.5M	—	View 990
2016	$20.5M	$22.9M	$5.6M	$15.1M	—	View 990
2015	$20.2M	$21.7M	$6.0M	$13.2M	—	View 990
2014	$10.8M	$11.8M	$3.9M	$8.2M	—	View 990
2013	$9.0M	$10.0M	$3.3M	$6.6M	—	View 990
2012	$6.1M	$6.6M	$3.0M	$5.4M	—	View 990
2011	$4.9M	$5.8M	$1.5M	$3.3M	—	View 990

Year-by-Year Financial Summary

2020: Revenue of $20.7M, expenses of $23.7M, and assets of $3.7M (revenue -1.9% year-over-year).
2019: Revenue of $21.1M, expenses of $24.4M, and assets of $3.4M (revenue +7.6% year-over-year).
2018: Revenue of $19.6M, expenses of $23.2M, and assets of $4.4M (revenue -2.9% year-over-year).
2017: Revenue of $20.2M, expenses of $23.3M, and assets of $4.8M (revenue -1.5% year-over-year).
2016: Revenue of $20.5M, expenses of $22.9M, and assets of $5.6M (revenue +1.5% year-over-year).
2015: Revenue of $20.2M, expenses of $21.7M, and assets of $6.0M (revenue +87.1% year-over-year).
2014: Revenue of $10.8M, expenses of $11.8M, and assets of $3.9M (revenue +20.6% year-over-year).
2013: Revenue of $9.0M, expenses of $10.0M, and assets of $3.3M (revenue +47.8% year-over-year).
2012: Revenue of $6.1M, expenses of $6.6M, and assets of $3.0M (revenue +24.5% year-over-year).
2011: Revenue of $4.9M, expenses of $5.8M, and assets of $1.5M.

Data Sources and Methodology

This transparency report for Randolph Specialty Group Practice is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.