Rutherford County Primary Care & Hope Clinic
Fiscal Year
Fiscal Year Start
07/01/2023
Fiscal Year End
06/30/2024
Projected Revenue
$10,775,800.00
Projected Expenses
$10,775,800.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| rutherford county primary care irs ltr |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $14,627,400.00 | $13,154,283.00 | $12,731,167.00 |
| Total Expenses | $11,818,361.00 | $10,168,488.00 | $9,153,752.00 |
| Revenue Less Expenses | $2,809,039.00 | $2,985,795.00 | $3,577,415.00 |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $1,125,478.00 | $1,000,000.00 | $0.00 |
| Government - Federal | $3,485,339.00 | $2,728,972.00 | $0.00 |
| Government - State | $321,340.00 | $304,820.00 | $0.00 |
| Government - Local | $0.00 | $0.00 | $0.00 |
| Government - Unspecified | $354,604.00 | $118,593.00 | $4,269,090.00 |
| Contributions, Gifts, and Grants | $63,413.00 | $335,100.00 | $623,532.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $9,052,328.00 | $8,146,255.00 | $7,517,625.00 |
| Investment Income, Net of Losses | $31,350.00 | $10,804.00 | $13,466.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $0.00 | $0.00 | $0.00 |
| Revenue In-Kind | $193,548.00 | $509,739.00 | $307,454.00 |
| Other | $0.00 | $0.00 | $0.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $8,155,729.00 | $7,118,701.00 | $6,400,197.00 |
| Administration Expense | $3,662,632.00 | $3,049,787.00 | $2,753,555.00 |
| Fundraising Expense | $0.00 | $0.00 | $0.00 |
| Total Revenue/Total Expenses | 124% | 129% | 139% |
| Program Expense/Total Expenses | 69% | 70% | 70% |
| Fundraising Expense/Contributed Revenue | 0% | 0% | 0% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Program Revenue $9,052,328.00 | Program Revenue $8,146,255.00 | Program Revenue $7,517,625.00 |
| Second Highest Funding Source & Dollar Amount | National Government Grants $3,485,339.00 | Federal Government Grants $2,728,972.00 | Government Grants $4,269,090.00 |
| Third Highest Funding Source & Dollar Amount | Foundations and Corporations $1,125,478.00 | Foundations and Corporations $1,000,000.00 | Contributions, Gifts, and Grants $623,532.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $20,158,321.00 | $17,322,433.00 | $15,289,448.00 |
| Current Assets | $5,038,128.00 | $8,789,866.00 | $9,516,458.00 |
| Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| Current Liabilities | $1,520,999.00 | $982,594.00 | $852,235.00 |
| Total Net Assets | $18,637,322.00 | $16,339,839.00 | $14,437,213.00 |
Endowment Info
Do you have an endowment?
No
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Do you anticipate a campaign in the next 5 years?
Yes
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
December
Permit Expiration Year
2024
Solicitations Permit
Form 990s
Audit Documents
CEO/Executive Director/Board Comments
| In 2012, the Primary Care & Hope Clinic received FQHC status and the accompanying federal grant funding. In our first year as an FQHC we significantly increased the number of patients and number of patient visits. In recent years we have continued to expand access, adding services and capacity to serve additional patients. |
Foundation Staff Comments
| Financial figures taken from the 990.Form 990 was prepared by Terry Horne, CPA & Associates. Comments provided by Nicole Rose 11/29/2023. |
