Armc Physicians CARE
Armc Physicians CARE reported $15.0 million in revenue and $18.6 million in expenses for the fiscal year ending September 30, 2024. Of every $100 it spent, $90.00 went to program services, $10.00 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 99.9% of the total. The highest compensation it reported for one person was $1,678,281 (DIRECTOR). 26 people received more than $100,000 in reportable compensation. Revenue rose 25% between FY2020 and FY2024. Source: Form 990, FY2024 (3 mo.).
Where $100 of spending went
The 3-month short period ending December 31, 2024 · Form 990, Part IX, line 25 · total expenses $19MFor context, the median across 5,634 covered health care charities: $86.19 programs, $13.81 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The 3-month short period ending December 31, 2024 · Form 990, Part VIII · total revenue $15MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 90.0% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 10.0% | 13.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | Not reported | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.0% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 99.9% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $1,678,281 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 9.04% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 26 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | -42.0 | 6.6 |
| Independent voting board members Part VI 1a–1b | 0 of 2 | 88.9% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2024 (3 mo.) · Form 990, Part III · the three largest programs by expenseProvision of physician services for the benefit of the community. Alamance physicians provided 81,723 office, hospital, and telehealth visits this year. Of the total gross charges booked for the year, 54.85% were for medicare or medicaid patients. For the year alamance physicians provided $398,761 of charity care to the community
Highest reported compensation
FY2024 (3 mo.) · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| DIRECTOR Director/trustee, 0.0 hrs/week | $0 | $1,587,536 | $90,745 | $1,678,281 |
| DIRECTOR THRU 02/16/24 Director/trustee, 0.0 hrs/week | $0 | $902,565 | $82,340 | $984,905 |
| DIRECTOR Director/trustee, 0.0 hrs/week | $0 | $719,090 | $91,844 | $810,934 |
| DIRECTOR, PRES THRU 02/29/24 Officer, 0.0 hrs/week | $0 | $719,407 | $43,470 | $762,877 |
| PHYSICIAN Highest compensated employee, 40.0 hrs/week | $427,474 | $0 | $27,207 | $454,681 |
| PHYSICIAN Highest compensated employee, 40.0 hrs/week | $338,296 | $0 | $84,239 | $422,535 |
| PHYSICIAN Highest compensated employee, 40.0 hrs/week | $384,563 | $0 | $31,838 | $416,401 |
| PHYSICIAN Highest compensated employee, 40.0 hrs/week | $345,516 | $0 | $38,463 | $383,979 |
26 people received more than $100,000 in reportable compensation from Armc Physicians CARE (Part VII, line 2). Compensation of current officers, directors and key employees totaled $0 (Part IX, line 5).
6 filings since FY2020
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2024 (3 mo.) · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b2 · 0 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5160
Correct a figure or respond
Every number above is copied from Armc Physicians CARE's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Armc Physicians CARE, you can publish a response that is linked from this page.
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Of every $100 Armc Physicians CARE spent in FY2024, $90.00 went to programs. The full breakdown, from its IRS Form 990:
Questions people ask
How much of Armc Physicians CARE's spending goes to programs?
In the fiscal year ending September 30, 2024, Armc Physicians CARE reported that 90.0% of its $18.6 million in expenses went to program services, 10.0% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Armc Physicians CARE pay its top executive?
The largest total compensation Armc Physicians CARE reported for one person in the fiscal year ending September 30, 2024 was $1,678,281, for the role of DIRECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Armc Physicians CARE get its money?
Of $15.0 million in revenue in the fiscal year ending September 30, 2024, 0.0% came from contributions and grants and 99.9% from program service revenue (Form 990, Part VIII).
Is Armc Physicians CARE a registered charity?
The IRS lists EIN 56-2095382 as a 501(c)(3) organization (hospital or medical research organization), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2024 (3 mo.): Form 990 for the 3-month short period ending December 31, 2024, object 202503509349300215 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending September 30, 2024, object 202532269349301653 · read the filing
- FY2023: Form 990 for the fiscal year ending September 30, 2023, object 202422279349302352 · read the filing
- FY2022: Form 990 for the fiscal year ending September 30, 2022, object 202302269349302100 · read the filing
- FY2021: Form 990 for the fiscal year ending September 30, 2021, object 202242279349303869 · read the filing
- FY2020: Form 990 for the fiscal year ending September 30, 2020, object 202142229349302309 · read the filing
All filings for EIN 56-2095382: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.