University Health Systems Of Eastern Carolina Foundation Inc
University Health Systems Of Eastern Carolina Foundation Inc shows strong asset growth and zero executive compensation amidst volatile revenue streams.
EIN: 200777374 · Greenville, NC · NTEE: E70 · Updated: 2026-03-28
Is University Health Systems Of Eastern Carolina Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
University Health Systems Of Eastern Carolina Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About University Health Systems Of Eastern Carolina Foundation Inc
University Health Systems Of Eastern Carolina Foundation Inc (EIN: 200777374) is a nonprofit organization based in Greenville, NC, classified under NTEE code E70. The organization reported total revenue of $11.8M and total assets of $58.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of University Health Systems Of Eastern Carolina Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
University Health Systems Of Eastern Carolina Foundation Inc is a large nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 20.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.8M |
| Total Expenses | $2.9M |
| Surplus / Deficit | +$4.9M |
| Total Assets | $51.7M |
| Total Liabilities | $21.1M |
| Net Assets | $30.6M |
| Operating Margin | 63.0% |
| Debt-to-Asset Ratio | 40.8% |
| Months of Reserves | 215.8 months |
Financial Health Grade: A
In 2023, University Health Systems Of Eastern Carolina Foundation Inc reported a surplus of $4.9M with revenue exceeding expenses, holds 215.8 months of operating reserves (strong position), has a debt-to-asset ratio of 40.8% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), University Health Systems Of Eastern Carolina Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 20.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +27.4% | -28.1% | +18.5% |
| 2022 | -62.9% | +47.3% | -10.0% |
| 2021 | +46.7% | -73.1% | +40.0% |
| 2020 | +78.2% | +65.6% | -1.8% |
| 2019 | -30.2% | -28.5% | -13.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates University Health Systems Of Eastern Carolina Foundation Inc with a Mission Score of 90 out of 100 (Excellent). 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, University Health Systems Of Eastern Carolina Foundation Inc 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $4.9M, with revenue exceeding expenses.
- Debt-to-asset ratio: 40.8%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no portion of its expenses is allocated to executive salaries, which is highly favorable for donor confidence and mission focus.
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 University Health Systems Of Eastern Carolina Foundation Inc's IRS 990 filings:
- Significant year-to-year revenue and expense volatility, which could indicate reliance on unpredictable funding sources.
Strengths
The following positive indicators were identified for University Health Systems Of Eastern Carolina Foundation Inc:
- Consistent reporting of 0% officer compensation, indicating high efficiency in resource allocation.
- Substantial and consistent growth in assets, from $435,405 in 2015 to $58,890,975 currently, demonstrating strong financial management.
- Revenue generally exceeds expenses, contributing to financial stability and growth.
- Low liabilities relative to assets, with liabilities of $21,073,034 against assets of $51,708,150 in 2023, indicating a healthy balance sheet.
Frequently Asked Questions about University Health Systems Of Eastern Carolina Foundation Inc
Is University Health Systems Of Eastern Carolina Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, University Health Systems Of Eastern Carolina Foundation Inc (EIN: 200777374) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does University Health Systems Of Eastern Carolina Foundation Inc spend its money?
University Health Systems Of Eastern Carolina Foundation Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to University Health Systems Of Eastern Carolina Foundation Inc tax-deductible?
University Health Systems Of Eastern Carolina Foundation Inc is registered as a tax-exempt nonprofit (EIN: 200777374). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is University Health Systems Of Eastern Carolina Foundation Inc a good charity?
Based on its financial data, the foundation appears to be a good charity. It has demonstrated significant asset growth, consistently reports zero officer compensation, and its expenses are generally well below its revenue, indicating financial health and efficient use of funds. The lack of executive compensation is a strong positive indicator of its commitment to its mission.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved, particularly in asset growth. Assets have surged from $435,405 in 2015 to $58,890,975 currently. While revenue and expenses have been volatile, the overall trend shows a robust increase in financial capacity and stability.
What is the trend in revenue and expenses?
Revenue and expenses show considerable year-to-year volatility. For example, revenue jumped from $6,105,370 in 2022 to $7,775,625 in 2023, after a peak of $16,444,847 in 2021. Expenses also fluctuate, from $2,715,779 in 2021 to $10,091,931 in 2020. Despite this, revenue generally exceeds expenses, contributing to asset growth.
Filing History
IRS 990 filing history for University Health Systems Of Eastern Carolina Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), University Health Systems Of Eastern Carolina Foundation Inc's revenue has grown by 808.5%, moving from $856K to $7.8M. Total assets increased by 5024.6% over the same period, from $1.0M to $51.7M. Total functional expenses rose by 156.7%, from $1.1M to $2.9M. In its most recent filing year (2023), University Health Systems Of Eastern Carolina Foundation Inc reported a surplus of $4.9M, with revenue exceeding expenses. The organization holds $21.1M in liabilities against $51.7M in assets (debt-to-asset ratio: 40.8%), resulting in net assets of $30.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.8M | $2.9M | $51.7M | $21.1M | — | View 990 |
| 2022 | $6.1M | $4.0M | $43.6M | $19.5M | — | View 990 |
| 2021 | $16.4M | $2.7M | $48.5M | $20.0M | — | — |
| 2020 | $11.2M | $10.1M | $34.7M | $21.5M | — | — |
| 2019 | $6.3M | $6.1M | $35.3M | $22.6M | — | View 990 |
| 2018 | $9.0M | $8.5M | $40.9M | $29.1M | — | View 990 |
| 2017 | $4.1M | $4.2M | $33.2M | $22.0M | — | View 990 |
| 2016 | $746K | $751K | $36.9M | $26.9M | — | View 990 |
| 2015 | $1.2M | $1.3M | $435K | $38K | — | View 990 |
| 2014 | $1.3M | $1.2M | $515K | $839 | — | View 990 |
| 2013 | $58K | $989K | $428K | $102 | — | View 990 |
| 2012 | $1.3M | $839K | $1.5M | $0 | — | View 990 |
| 2011 | $856K | $1.1M | $1.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.8M, expenses of $2.9M, and assets of $51.7M (revenue +27.4% year-over-year).
- 2022: Revenue of $6.1M, expenses of $4.0M, and assets of $43.6M (revenue -62.9% year-over-year).
- 2021: Revenue of $16.4M, expenses of $2.7M, and assets of $48.5M (revenue +46.7% year-over-year).
- 2020: Revenue of $11.2M, expenses of $10.1M, and assets of $34.7M (revenue +78.2% year-over-year).
- 2019: Revenue of $6.3M, expenses of $6.1M, and assets of $35.3M (revenue -30.2% year-over-year).
- 2018: Revenue of $9.0M, expenses of $8.5M, and assets of $40.9M (revenue +120.8% year-over-year).
- 2017: Revenue of $4.1M, expenses of $4.2M, and assets of $33.2M (revenue +447.5% year-over-year).
- 2016: Revenue of $746K, expenses of $751K, and assets of $36.9M (revenue -36.8% year-over-year).
- 2015: Revenue of $1.2M, expenses of $1.3M, and assets of $435K (revenue -6.2% year-over-year).
- 2014: Revenue of $1.3M, expenses of $1.2M, and assets of $515K (revenue +2080.3% year-over-year).
- 2013: Revenue of $58K, expenses of $989K, and assets of $428K (revenue -95.4% year-over-year).
- 2012: Revenue of $1.3M, expenses of $839K, and assets of $1.5M (revenue +48.2% year-over-year).
- 2011: Revenue of $856K, expenses of $1.1M, and assets of $1.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for University Health Systems Of Eastern Carolina Foundation Inc:
Data Sources and Methodology
This transparency report for University Health Systems Of Eastern Carolina Foundation Inc 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.