2024-11-15T09:28:34-06:00 2024-06-30 882730877 CHERRY BEKAERT ADVISORY LLC 3800 GLENWOOD AVE SUITE 200 RALEIGH NC 27612 990 2023-07-01 561082675 FAYETTEVILLE AREA HEALTH EDUCATION FOUNDATION INC FAYE 9106787220 1601 OWEN DRIVE FAYETTEVILLE NC 28304 SUSHMA KAPOOR PRESIDENT & CEO 9103231152 2024-11-15 1 0 MELANIE MCPEAK P01346034 9197821040 2023 2024-10-15 13:58:12Z SOUTHERN REGIONAL AHEC SUSHMA KAPOOR MD 1601 OWEN DRIVE FAYETTEVILLE NC 28304 26839121 0 X WWW.SR-AHEC.ORG X 1974 NC THE MISSION OF SR-AHEC IS TO DELIVER QUALITY HEALTHCARE EDUCATION. SR-AHEC MEETS ITS MISSION OF ADDRESSING THE REGIONS' HEALTH WORKFORCE NEEDS BY PROMOTING STATE OF THE ART HEALTHCARE EDUCATION, CONTINUALLY SEEKING INNOVATION IN THE EDUCATION EXPERIENCE AND PROVIDING TIMELY INFORMATION RESOURCES FOR THE PROVIDERS AND CUSTOMERS IN THE REGION. OUR MISSION IS TO IMPROVE ACCESS TO CARE THROUGH HIGH QUALITY CLINICAL SERVICES AND INCREASE THE NUMBER AND DIVERSITY OF PRACTICING HEALTH CARE PROFESSIONALS. 11 11 173 11 0 0 9032876 8903879 12022667 11415083 420693 713061 0 0 21476236 21032023 0 0 0 0 11450688 11816684 0 0 0 8854930 8231267 20305618 20047951 1170618 984072 35527472 36817990 11855118 11341703 23672354 25476287 X THE MISSION OF SR-AHEC IS TO DELIVER QUALITY HEALTHCARE EDUCATION. SR-AHEC MEETS ITS MISSION OF ADDRESSING THE REGIONS' HEALTH WORKFORCE NEEDS BY PROMOTING STATE OF THE ART HEALTHCARE EDUCATION,CONTINUALLY SEEKING INNOVATION IN THE EDUCATION EXPERIENCE AND PROVIDING TIMELY INFORMATION RESOURCES FOR THE PROVIDERS AND CUSTOMERS IN THE REGION. OUR MISSION IS TO IMPROVE ACCESS TO CARE THROUGH HIGH QUALITY CLINICAL SERVICES AND INCREASE THE NUMBER AND DIVERSITY OF PRACTICING HEALTH CARE PROFESSIONALS. 0 0 13939921 7738990 THERE WERE TWENTY THREE FAMILY MEDICINE RESIDENTS IN THE PROGRAM THIS YEAR. SEVEN PHYSICIANS COMPLETED THE RESIDENCY WITH EIGHT NEW RESIDENTS ENTERING THE PROGRAM. THERE WERE 34,115 PATIENT VISITS IN THE FAMILY MEDICINE CENTER AND SPECIALTY MEDICINE CENTER. AT SR-AHEC FAMILY MEDICINE RESIDENCY OUR MISSION HAS ALWAYS BEEN TO TRAIN RESIDENTS AND PLACE OUR RESIDENCY GRADUATES IN THE COMMUNITY TO HELP IMPROVE HEALTHCARE ACCESS FOR OUR PATIENTS AND IMPROVE THE OVERALL HEALTH OF THE POPULATION IN OUR NINE-COUNTY REGION OF: BLADEN, CUMBERLAND, HARNETT, HOKE, MOORE, ROBESON, SAMPSON AND SCOTLAND COUNTIES. IN FY24, SEVEN PHYSICIANS JOINED THE OVER 236 DOCTORS WHO HAVE CHOSEN THE DUKE/SOUTHERN REGIONAL AHEC FAMILY MEDICINE RESIDENCY PROGRAM SINCE 1977 TO BOARD-CERTIFY THEIR SKILLS IN FAMILY MEDICINE. THESE DOCTORS OF ALLOPATHIC AND OSTEOPATHIC MEDICINE CONTINUE THEIR EDUCATION OR BEGIN THEIR CAREERS IN HOSPITALS, PRIVATE PRACTICES, IN THE MILITARY, AND OTHER AVENUES AS THEY PURSUE THEIR LIFE-LONG AMBITION PROVIDING COMPREHENSIVE HEALTH CARE TO PEOPLE OF ALL AGES. SINCE 1977, APPROX. TWENTY FIVE PERCENT OF THESE PRIMARY CARE PHYSICIANS STAYED IN NORTH CAROLINA OR IN THE REGION AFTER GRADUATING FROM THE PROGRAM. SINCE 2015, THE NUMBER OF GRADUATES OPTING TO WORK WITH LOCAL OR REGIONAL HOSPITALS AS THEIR FIRST JOB AFTER GRADUATION HAS BEEN STEADILY INCREASING. THIS PAST YEAR WE HAD FIFTY SEVEN PERCENT OF OUR GRADUATES PRACTICE IN OUR REGION. FACULTY AND STAFF PRESENTED AT NUMEROUS NATIONAL AND STATE PROFESSIONAL MEETINGS. 3061837 3676093 SR AHEC OFFERS PIPELINE PROGRAMS TO INCLUDE THE HEALTH CAREERS PASSPORT; H.U.M.P. DAY IN PARTNERSHIP WITH CAMPBELL UNIVERSITY, HEAL (HEALTH EDUCATION AND ASPIRING LEADERS) WORKSHOP SERIES, AND A SPRING COLLEGE EXPO FOCUSING ON HEALTH CAREER PATHWAY PROGRAMS OFFERED AT OUR REGIONAL COLLEGES/UNIVERSITIES. HEAL IS UP TO A THREE-HOUR WORKSHOP TO ALLOW STUDENTS TO EXPLORE AND GAIN A DEEPER INSIGHT INTO HEALTH CAREER PATHWAYS. THE HEALTH CAREERS PROGRAM COLLABORATES WITH REGIONAL CAREER TECHNICAL EDUCATION DEPARTMENTS IN OUR 9-COUNTY REGION TO PROVIDE GUEST SPEAKERS, LUNCH AND LEARNS, AND HANDS-ON ACTIVITIES THROUGH THEIR HEALTH OCCUPATIONS STUDENTS OF AMERICA (H.O.S.A.) PROGRAMS (EX., STOP THE BLEED). IN 2023-24, 656 CE/CME PROGRAMS WITH 6,993 PROGRAM HOURS WERE OFFERED TO HEALTH CARE PROFESSIONALS THROUGH SR-AHEC. THIRTY PERCENT OF THESE PROGRAMS WERE HELD IN CUMBERLAND COUNTY, WITH 12 PERCENT HOSTED IN SR-AHEC'S OTHER 8 COUNTIES IN THE REGION AND ANOTHER 58 PERCENT HELD OUTSIDE OF THE REGION. A TOTAL OF 236 HEALTH PROFESSIONS STUDENTS RESIDED IN SR-AHEC PROVIDED STUDENT HOUSING IN THE REGION. STUDENTS CAME PRIMARILY FROM DUKE, EAST CAROLINA, UNIVERSITY OF NORTH CAROLINA-CHAPEL HILL, UNIVERSITY OF NORTH CAROLINA-GREENSBORO, CAMPBELL, HIGH POINT, WAKE FOREST, ELON, GARDNER WEBB, AND PHIEFFER. 1223192 SOUTHERN REGIONAL AHEC'S PRACTICE SUPPORT TEAM TRANSFORMS HEALTHCAREDELIVERY IN OUR NINE-COUNTY REGION BY HELPING PROVIDERS MEET NATIONALSTANDARDS AND READY THEMSELVES FOR VALUE-BASED CARE. THIS TEAM WORKSWITH INDIVIDUAL PRACTICES TO PROVIDE ON-SITE ASSISTANCE ON THE TOOLSAND SYSTEMS NEEDED TO OFFER CONSISTENT, HIGH-QUALITY CARE TO ALLPATIENTS, AND PREPARE THE PRACTICE TO RECEIVE VALUE-BASED PAYMENTINITIATIVES. 18224950 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 106 0 1 173 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NC X JENNIFER POWELL VP ADMIN & FINANCECFO 9106787211 1601 OWEN DRIVE FAYETTEVILLE NC 28304 DAVID TOLENTINO DO BOARD CHAIR 1.00 X X 0 0 0 JOHN R WORTH CPA SECRETARY/TREASURER 1.00 X X 0 0 0 ANN HIGHSMITH TRUSTEE 0.50 X 0 0 0 DAVID G DICKERHOFF DDS VICE CHAIR 1.00 X X 0 0 0 HERSHEY BELL MD TRUSTEE 0.50 X 0 0 0 DOROTHY MILLER PHD TRUSTEE 0.50 X 0 0 0 SHANNON A MATTHEWS TRUSTEE 0.50 X 0 0 0 WESLEY A MEREDITH TRUSTEE 0.50 X 0 0 0 MARVIN SWARTZ MD TRUSTEE 1.00 X 0 0 0 JOSEPH ROBERTS JR MD TRUSTEE 0.50 X 0 0 0 CAROLE MANGUM TRUSTEE 0.50 X 0 0 0 SUSHMA K KAPOOR MD PRESIDENT/CEO, PROGRAM DIRECTOR 50.00 X 367678 0 17377 KATHRYN L GREENE MBA VP, ADMIN & FINANCE/CFO 45.00 X 88449 0 7044 JENNIFER P POWELL VP, ADMIN & FINANCE/CFO 45.00 X 111656 0 11336 STERLING RIDDLEY MD VP, CLINICAL EDUCATION/SERVICES 45.00 X 258463 0 10967 LENARD D SALZBERG MD FACULTY PHYSICIAN 45.00 X 249383 0 16275 RAJESH KHURANA MD FACULTY PHYSICIAN 45.00 X 227592 0 16840 KHALID AZIZ MD FACULTY PHYSICIAN 45.00 X 238061 0 16786 JAMES LESTER DO FACULTY PHYSICIAN 45.00 X 238869 0 14693 VICKI HARDY DO FACULTY PHYSICIAN 45.00 X 234461 0 16249 2014612 0 127567 17 0 1 0 0 1452852 7451027 8903879 PATIENT SERVICES 621110 4935968 4935968 RESIDENCY CONTRACT FEES 900099 3676093 3676093 PHARMACY PROCEEDS 900099 933811 933811 WORKSHOPS 900099 882147 882147 OTHER SERVICE REVENUE 900099 211456 211456 775608 775608 11415083 456567 456567 6063592 5807098 256494 256494 256494 21032023 11415083 0 713061 X 847344 282238 565106 8863604 8436787 426817 154050 140236 13814 1442665 1216794 225871 509021 435571 73450 3841 3841 69010 950 68060 85836 85836 4896016 4883121 12895 11601 60 11541 1002268 884708 117560 19541 14204 5337 728305 681247 47058 98579 93347 5232 69237 52816 16421 624895 561781 63114 205602 124554 81048 WORKSHOPS 360721 360721 BAD DEBT 55815 55815 20047951 18224950 1823001 0 7398225 8015119 519551 526513 1185395 1293004 584658 530665 42920 73457 83696 416110 459535 18608949 5675001 12276042 12933948 13061254 12919017 12780 13573 35527472 36817990 1287665 1310992 123743 134765 10433780 9885223 9930 10723 11855118 11341703 X 23645589 25443714 26765 32573 23672354 25476287 35527472 36817990 984072 819861 0 X 0 1 X 1 1 1 X 3930101 9615396 9151394 9032876 8903879 40633646 3930101 9615396 9151394 9032876 8903879 40633646 40633646 213165 204935 219252 366692 456567 1460611 42094257 57220291 0.96530 0.97170 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 19962115 19962115 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 250000 250000 250000 250000 1000000 1500000 26765 5808 32573 28022 -1257 26765 32767 -4745 28022 26735 6032 32767 25888 847 26735 1.00000 0 0 356018 356018 15123573 2980632 12142941 2585384 2190274 395110 543974 504095 39879 12933948 RIGHT OF USE LIABILITY 10723 10723 X 21766048 819861 819861 20946187 85836 85836 21032023 19962115 0 19962115 85836 85836 20047951 PART V, LINE 4: THE PURPOSE OF THE ENDOWMENT FUNDS IS TO PROVIDE AN ANNUAL AWARD TO AN INDIVIDUAL THAT HAS GIVEN EXTRAORDINARY SERVICE TO THE MISSION OF SR-AHEC. THE PERCENTAGE REPORTED FOR PERMANENT ENDOWMENTS INCLUDES AMOUNTS THAT MUST BE MAINTAINED IN PERPETUITY AS WELL AS ACCUMULATED EARNINGS ON SUCH AMOUNTS THAT HAVE NOT YET BEEN APPROPRIATED FOR EXPENDITURE. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. MANAGEMENT HAS EVALUATED THE EFFECT OF THE GUIDANCE PROVIDED BY U.S. GAAP ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT BELIEVES THAT THE FOUNDATION CONTINUES TO SATISFY THE REQUIREMENTS OF A TAX-EXEMPT ORGANIZATION AT JUNE 30, 2024. MANAGEMENT HAS EVALUATED ALL OTHER TAX POSITIONS THAT COULD HAVE A SIGNIFICANT EFFECT ON THE FINANCIAL STATEMENTS AND DETERMINED THE FOUNDATION HAD NO UNCERTAIN INCOME TAX POSITIONS AT JUNE 30, 2024. X X X 0 0 0 0 0 0 0 1 0 SUSHMA K KAPOOR MD PRESIDENT/CEO, PROGRAM DIRECTOR 321860 0 8274 0 37544 0 8336 0 9041 0 385055 0 0 0 STERLING RIDDLEY MD VP, CLINICAL EDUCATION/SERVICES 249048 0 6615 0 2800 0 8039 0 2928 0 269430 0 0 0 LENARD D SALZBERG MD FACULTY PHYSICIAN 242240 0 6143 0 1000 0 7586 0 8689 0 265658 0 0 0 KHALID AZIZ MD FACULTY PHYSICIAN 231918 0 6143 0 0 0 7641 0 9145 0 254847 0 0 0 JAMES LESTER DO FACULTY PHYSICIAN 233022 0 5847 0 0 0 6004 0 8689 0 253562 0 0 0 VICKI HARDY DO FACULTY PHYSICIAN 227918 0 6143 0 400 0 6733 0 9516 0 250710 0 0 0 RAJESH KHURANA MD FACULTY PHYSICIAN 217345 0 5847 0 4400 0 7324 0 9516 0 244432 0 0 0 PART I, LINE 7 SIX PHYSICIANS, LISTED ON PART VII, RECEIVED INCENTIVES FOR PROVIDING QUALITY VALUE BASED CARE TO OUR PATIENTS WHICH RESULTED IN THE ORGANIZATION RECEIVING OVERALL QUALITY INCENTIVES FROM INSURANCE COMPANIES AND PROVIDED COMPREHENSIVE CARE TO OUR PATIENTS. FORM 990, PART VI, SECTION B, LINE 11B ONCE COMPLETED, THE FORM 990 IS PRESENTED TO THE EXECUTIVE COMMITTEE, THE PRESIDENT/CEO, AND THE VICE PRESIDENT, ADMINISTRATION & FINANCE VIA CONFERENCE CALL BY THE AUDITOR. THE FORM 990 IS UPLOADED TO THE BOARD OF TRUSTEES WEBSITE FOR THEIR REVIEW PRIOR TO THE NOVEMBER BOARD MEETING. THE EXECUTIVE COMMITTEE RECOMMENDS THE ACTION TO ACCEPT THE REPORT AS PRESENTED, BARRING ANY CHANGES/CORRECTIONS, AND THE FULL BOARD VOTES TO ACCEPT THE REPORT. ONCE APPROVED THE FORM 990 IS FILED ON TIME. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT-OF-INTEREST POLICY IS REVIEWED AND DECLARATION IS RENEWED ANNUALLY AND KEPT ON FILE. IN THE EVENT OF A CONFLICT OCCURRING DURING THE YEAR, A BOARD MEMBER MUST DISCLOSE ANY CONFLICT OR POTENTIAL CONFLICT OF INTEREST AS SOON AS HE OR SHE RECOGNIZES IT. IF A BOARD MEMBER OR THE CEO HAS REASONABLE CAUSE TO BELIEVE THAT A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, HE/SHE SHALL NOTIFY THE BOARD CHAIR. THE BOARD CHAIR SHALL THEN ACT IN ACCORDANCE WITH THE POLICY IN INVESTIGATING THE CONCERN. FORM 990, PART VI, SECTION B, LINE 15 AN EXECUTIVE SALARY RANGE WILL BE ESTABLISHED BASED ON SIMILAR POSITIONS ACROSS THE NC AHEC SYSTEM WITH CONSIDERATION GIVEN TO JOB TITLE, DUTIES, EXPERIENCE, EDUCATION, ORGANIZATION SIZE BY REVENUE AND EMPLOYEES, CHALLENGES FACING THE ORGANIZATION REQUIRING EXCEPTIONAL SKILLS OR ATTRIBUTES AND IMPACT OF ORGANIZATIONAL WELL BEING. ANNUALLY, THE EXCECUTIVE COMMITTEE OR FULL BOARD OF TRUSTEES WILL MEET INDEPENDENT OF THE CHIEF EXECUTIVE TO DISCUSS PERFORMANCE RELATIVE TO THE JOB DESCRIPTION AND ANNUAL GOALS. ONCE A CONSENSUS IS REACHED REAGARDING PERFORMANCE, A SIMILAR DISCUSSION IS HELD CONCERNING COMPENSATION RELATIVE TO THE ANNUAL BENCHMARKS AND ESTABLISHED OBJECTIVES. THE COMPENSATION DECISION IS APPROVED BY THE FULL BOARD OF TRUSTEES. DOCUMENTATION THAT THE DELIBERATION AND DECISION TOOK PLACE WILL BE NOTED IN THE BOARD OF TRUSTEES MINUTES. THE BOARD CHAIR WILL MEET WITH THE CHIEF EXECUTIVE TO DISCUSS STRENGTHS, WEAKNESSES AND GOALS FOR THE UPCOMING YEAR. COMPENSATION IS BASED ON MARKET DATA OF COMPARABLE POSITIONS AT OTHER NC AHEC PROGRAMS AND MGMA (MEDICAL GROUP MANAGEMENT ASSOCITION) SALARY SURVEYS. THE DATA IS COMPILED BY THE VICE PRESIDENT OF HUMAN RESOURCES AND REVIEWED WITH THE PRESIDENT/CEO FOR DETERMINATION OF COMPENSATION WITH CONSIDERATION OF EXPERIENCE, EDUCATION, DUTIES AND RESPONSIBILITIES, AND SPECIFIC CHALLENGES FACING THE ORGANIZATION IN THOSE WORK AREAS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 272,701. MANAGEMENT AND GENERAL EXPENSES 12,895. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 285,596. MEDICAL SERVICES: PROGRAM SERVICE EXPENSES 163,657. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 163,657. RESIDENCY SUPPORT PAYMENTS: PROGRAM SERVICE EXPENSES 4,446,763. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,446,763.