Tax-Exempt Status Revoked
NHRMC Home Care had its tax-exempt status revoked by the IRS on May 13, 2013.
NHRMC Home Care
DBA: Novant Health Home Care
SEE SCHEDULE O
IRS Tax Year 2024
Period ending December 31, 2024
Total Revenue
$6.4M
Total Expenses
$10.2M
Net Assets
$-5.3M
Employees
79
Volunteers
3
Program Expense Ratio
87.4%
This nonprofit profile presents IRS Form 990 tax filing data for NHRMC Home Care (EIN: 35-2379154), based on the 2024 tax year annual return filed with the Internal Revenue Service.
Sections below include financial summaries (revenue, expenses, and net assets), program accomplishments, officer and key employee compensation, detailed executive pay breakdowns, governance policies and audit information, related tax-exempt organizations. All figures are reported in USD as filed.
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Financial Health
Transparency
Compensation
Program Effectiveness
Financial Stability
Risk Flags
Indicators derived from IRS Form 990 data. Not financial advice.
NHRMC Home Care is a 501(c)(3) nonprofit headquartered in Wilmington, NC, founded in 1964. It is classified under NTEE code E30 (Ambulatory Health Centers), within the Healthcare category. The organization has held tax-exempt status since 2014. In its 2024 filing, the organization reported $6.4M in total revenue, a 18.5% decrease from the prior year, and $10.2M in total expenses. The organization employed 79 people and engaged 3 volunteers. GEOFFREY GARDNER, CFO (TO 4/28/24), is the highest-compensated individual at $1,299,330. The organization runs 1 program, totaling $8.9M in program expenses. 4 of 6 recommended governance policies are in place. Executive benefits include first-class travel, companion travel, housing allowance, discretionary spending.
NHRMC Home Care is classified under NTEE code E30 (Ambulatory Health Centers), which falls within the Healthcare category. Its foundation type is 16.
Programs(Tax Year 2024)
1 record
NHRMC Home Care operates 1 program, with total program expenses of $8.9M. NHRMC Home Care's largest program accounts for 100% of total program spending.
THE ORGANIZATION OPERATES TO PROVIDE COMPREHENSIVE, SKILLED, INTERMITTENT HOME HEALTH CARE SERVICES TO THE RESIDENTS OF THE CAPE FEAR REGION OF NORTH CAROLINA.
Financial Overview(Tax Years 2020–2024)
5 records
Over the past 5 years, NHRMC Home Care's revenue has declined from $8.7M to $6.4M, a 26.8% decrease. Program expenses represent 87% of total spending.
Revenue decreased 18.5% year-over-year, while expenses declined 8.4%. net assets fell to $-5.3M, down 253.2% from the prior year. the organization reduced headcount by 12 employees.
NHRMC Home Care derives 99% from program services, with 1% from investment income.
Revenue is heavily concentrated: 99% comes from program service revenue, indicating limited diversification.
NHRMC Home Care allocates 87% to programs, 13% to management and general.
Revenue declined by 18.5% and expenses declined by 8.4% year over year.
Over 5 filings from 2020–2024, NHRMC Home Care declined revenue from $8.7M to $6.4M (-26.8%) while maintaining a program expense ratio of 87%. During this period, the organization reduced from 95 to 79 employees.
NHRMC Home Care holds $4.1M in total assets against $9.4M in liabilities (debt-to-asset ratio of 229%). Cash and equivalents of $546K cover approximately 0.6 months of expenses.
Revenue
| Year | Total Revenue | Contributions | Gov't Grants | Program Revenue | Investment |
|---|---|---|---|---|---|
| 2024 | $6.4M | $0 | $0 | $6.4M | $35K |
| 2023 | $7.8M | $0 | $0 | $7.8M | $12K |
| 2022 | $6.9M | $0 | $0 | $6.9M | $510 |
| 2021 | $2.0M | $130K | $130K | $1.9M | $3K |
| 2020 | $8.7M | $0 | $0 | $8.0M | $1K |
Expenses
| Year | Total Expenses | Program | Management | Fundraising | Grants Paid |
|---|---|---|---|---|---|
| 2024 | $10.2M | $8.9M | $1.3M | $0 | $0 |
| 2023 | $11.1M | $8.3M | $2.3M | $0 | $0 |
| 2022 | $10.8M | $8.1M | $2.7M | $0 | $0 |
| 2021 | $2.7M | $2.7M | $0 | $0 | $0 |
| 2020 | $10.0M | $10.0M | $0 | $0 | $0 |
Program Expense Ratio
87.4%
Admin Expense Ratio
12.7%
Fundraising Efficiency
—
Operating Reserve
-6.2 mo
People & Compensation(Tax Year 2024)
13 records
NHRMC Home Care reported compensation for 13 officers and key employees. Total officer compensation was $4.6M, representing 44.9% of total expenses. 3 individuals received total compensation exceeding $500,000.
NHRMC Home Care's highest-compensated individual received $1.3M in total compensation. Total officer compensation of $4.6M represents 44.9% of total expenses. 2 individuals received total compensation exceeding $1,000,000.
| Name | Title | Type | Hours/wk | Comp from Org | Related Orgs | Total |
|---|---|---|---|---|---|---|
| GEOFFREY GARDNER | CFO (TO 4/28/24) | Officer | 0.20 | $0 | $1,254,252 | $1,299,330 |
| ALICE POPE | EVP/CFO (FR 4/29/24) | Officer | 0.20 | $0 | $991,687 | $1,175,156 |
| JEFFERY WARHAFTIG MD | TRUSTEE/INTERNIST | Director | 0.20 | $0 | $826,810 | $884,625 |
| RUTH GLASER | PRESIDENT | Officer | 25.00 | $0 | $440,172 | $483,605 |
| TOMMIE WETHY | MANAGER OF INTAKE SERVICES | Highest Comp | 45.00 | $134,462 | $0 | $152,638 |
| GAYLE SAGE | RN CASE MANAGER | Highest Comp | 45.00 | $142,949 | $0 | $147,853 |
| QUINTEZ ANDERSON | PHYSICAL THERAPIST | Highest Comp | 45.00 | $128,305 | $0 | $143,596 |
| TYLER CAPELLAN | PHYSICAL THERAPIST | Highest Comp | 45.00 | $121,986 | $0 | $139,769 |
| MEGAN HICKS | RN CASE MANAGER | Highest Comp | 45.00 | $123,532 | $0 | $138,723 |
| JEROME FENNELL | SECRETARY (TO 1/1/24) | OfficerDirector | 0.50 | $0 | $0 | $0 |
| LYNWOOD MEADOWS | TREASURER (TO 12/31/24) | OfficerDirector | 0.50 | $0 | $0 | $0 |
| TERRI KING | TRUSTEE/SECRETARY (FR 3/4/24) | OfficerDirector | 0.50 | $0 | $0 | $0 |
| MARTHA HIGHSMITH | CHAIR | OfficerDirector | 0.50 | $0 | $0 | $0 |
Compensation Breakdown
Schedule J detail — base, bonus, benefits, and executive perks
GEOFFREY GARDNER
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Executive Perks
ALICE POPE
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Executive Perks
JEFFERY WARHAFTIG MD
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Executive Perks
RUTH GLASER
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Executive Perks
TOMMIE WETHY
Base Salary
$121,451
Bonus
$6,700
Other Reportable
$6,311
Retirement/Deferred
$7,402
Nontaxable Benefits
$10,774
Executive Perks
Governance & Compliance(Tax Year 2024)
NHRMC Home Care has 4 of 6 recommended governance policies in place, including conflict of interest, whistleblower, document retention. Its board has 4 members, 3 of whom are independent.
NHRMC Home Care's financial statements are audited, an audit committee oversees the process.
Policies & Oversight
Audit & Financial Oversight
Filing History(Tax Years 2014–2024)
5 records
Showing the 5 Form 990 filings currently in our system.
| Tax Year | Form | Period | Revenue | Expenses | Net Assets |
|---|---|---|---|---|---|
| 2024 | 990 | 2024-01-01 – 2024-12-31 | $6.4M | $10.2M | $-5.3M |
| 2023 | 990 | 2023-01-01 – 2023-12-31 | $7.8M | $11.1M | $-1.5M |
| 2022 | 990 | 2022-01-01 – 2022-12-31 | $6.9M | $10.8M | $-290K |
| 2021 | 990 | 2021-10-01 – 2021-12-31 | $2.0M | $2.7M | $635K |
| 2020 | 990 | 2020-10-01 – 2021-09-30 | $8.7M | $10.0M | $650K |
| 2013 | Revoked | Tax-exempt status revoked May 13, 2013 | |||
| This organization has been revoked. The IRS ruling date may have been reissued, so the filing history above may not reflect the complete record and some years may be missing. | |||||
Frequently Asked Questions
What does NHRMC Home Care do?
SEE SCHEDULE O
How much revenue does NHRMC Home Care have?
NHRMC Home Care reported $6,388,668 in total revenue for tax year 2024, down 18.5% from the prior year.
Who is the highest-paid executive at NHRMC Home Care?
GEOFFREY GARDNER, CFO (TO 4/28/24), received $1,299,330 in total compensation as of tax year 2024.
Is NHRMC Home Care a 501(c)(3)?
Yes, NHRMC Home Care is classified as a 501(c)(3) tax-exempt organization.
Where is NHRMC Home Care located?
NHRMC Home Care is headquartered in Wilmington, NC 28402.
How many employees does NHRMC Home Care have?
NHRMC Home Care has 79 employees and 3 volunteers as of tax year 2024.
What type of nonprofit is NHRMC Home Care?
NHRMC Home Care is classified under NTEE code E30 (Ambulatory Health Centers), within the Healthcare category. It is a 501(c)(3) tax-exempt organization.
Is NHRMC Home Care audited?
Yes, NHRMC Home Care's financial statements are audited, and the organization has an audit committee.
Data Source
IRS Form 990 electronic filings via the IRS Exempt Organizations Business Master File. All financial figures are as reported in USD.
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