2025-11-17T09:16:45-06:00 2025-06-30 410746749 CLIFTONLARSONALLEN LLP 227 WEST TRADE STREET SUITE 800 CHARLOTTE NC 28202 990 2024-07-01 561082675 FAYETTEVILLE AREA HEALTH EDUCATION FOUNDATION INC FAYE 9106787220 1601 OWEN DRIVE FAYETTEVILLE NC 28304 SUSHMA KAPOOR PRESIDENT/CEO 9106787220 2025-11-13 1 1 KATHRINE A WARLICK P02065266 7049985200 2025-11-11 2024 2025-03-06 01:10:19Z SOUTHERN REGIONAL AHEC SUSHMA KAPOOR 1601 OWEN DRIVE FAYETTEVILLE NC 28304 22300101 0 X WWW.SR-AHEC.ORG X 1974 NC THE MISSION OF SR-AHEC IS TO DELIVER QUALITY HEALTHCARE EDUCATION. 10 10 181 10 0 0 8903879 9523074 11415083 11115363 713061 437937 0 1086958 21032023 22163332 0 0 0 0 11816684 12983679 0 0 0 8231267 8452977 20047951 21436656 984072 726676 36817990 38478663 11341703 11234777 25476287 27243886 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, CONTINUING 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 16259001 10121016 THERE WERE TWENTY-THREE FAMILY MEDICINE RESIDENTS IN THE PROGRAM THIS YEAR. EIGHT PHYSICIANS COMPLETED THE RESIDENCY WITH SEVEN NEW RESIDENTS ENTERING THE PROGRAM. THERE WERE 37,875 PATIENT VISITS IN THE FAMILY MEDICINE CENTER AND SPECIALTY MEDICINE CENTER. AT SR-AHEC FAMILY MEDICINE RESIDENCY, OUR MISSION HAS ALWAYS BEEN TO TRAIN 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. (CONTINUED IN SCHEDULE O)IN FY25, EIGHT PHYSICIANS JOINED THE OVER 243 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, APPROXIMATELY TWENTY-FIVE PERCENT OF THESE PRIMARY CARE PHYSICIANS STAYED IN NORTH CAROLINA OR IN THE REGION AFTER GRADUATING FROM THE PROGRAM. IN THE FAMILY MEDICINE CENTER, SEVEN OF OUR ELEVEN TEACHING FACULTY ARE GRADUATES OF OUR RESIDENCY PROGRAM AND CHOSE TO STAY WITH OUR PRACTICE. 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 THIRTY-EIGHT PERCENT OF OUR GRADUATES PRACTICE IN OUR REGION AND EIGHTY-EIGHT PERCENT IN NORTH CAROLINA. FACULTY AND STAFF PRESENTED AT NUMEROUS NATIONAL AND STATE PROFESSIONAL MEETINGS. IN ADDITION TO OUR FAMILY MEDICINE CENTER, WE PROVIDE SPECIALTY SERVICES FOR BEHAVIORAL HEALTH, CHILD MEDICAL EVALUATION PROGRAM, ENDOCRINOLOGY, INFECTIOUS DISEASE, NUTRITIONAL MEDICINE, PEDIATRIC CARDIOLOGY, PEDIATRIC HEMATOLOGY, PHARMACY MEDICINE, AND PODIATRY. 2564292 1637247 SOUTHERN REGIONAL AHEC OFFERS PATHWAY 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 PARTNERSHIPS WITH REGIONAL COLLEGES AND UNIVERSITIES TO PROVIDE PATHWAYS TO HEALTHCARE EDUCATION OPPORTUNITIES. HEAL WORKSHOPS FOCUS ON EXPLORING HEALTH CAREER PATHWAYS. SOUTHERN REGIONAL AHEC COLLABORATES WITH REGIONAL CAREER TECHNICAL EDUCATION DEPARTMENTS TO SUPPORT GUEST SPEAKERS AND HANDS-ON ACTIVITIES THROUGH HEALTH OCCUPATIONS STUDENTS OF AMERICA (H.O.S.A.) PROGRAMS. (CONTINUED IN SCHEDULE O)IN FY25, REGIONAL HEALTH EDUCATION SERVICES AT SOUTHERN REGIONAL AHEC OFFERED 708 CE/CME PROGRAMS TO 15,982 HEALTHCARE PROFESSIONALS. THIRTY-TWO PERCENT OF THESE PROGRAMS WERE HELD IN CUMBERLAND COUNTY, WITH SIXTEEN PERCENT HOSTED IN SR-AHEC'S OTHER EIGHT COUNTIES IN THE REGION AND ANOTHER FIFTY TWO PERCENT HELD OUTSIDE OF THE REGION. SOUTHERN REGIONAL AHEC STUDENT HOUSING SITES SUPPORTED 164 HEALTH PROFESSIONS STUDENTS WITH 7,039 NIGHTS OF OCCUPANCY. THE STUDENTS WERE ENROLLED WITH DUKE UNIVERSITY, EAST CAROLINA UNIVERSITY, UNIVERSITY OF NORTH CAROLINA-CHAPEL HILL, UNIVERSITY OF NORTH CAROLINA-GREENSBORO, CAMPBELL UNIVERSITY, WAKE FOREST UNIVERSITY, WINGATE UNIVERSITY, HIGH POINT UNIVERSITY, ELON UNIVERSITY, MEREDITH UNIVERSITY, AND APPALACHIAN STATE UNIVERSITY. 740912 441958 SOUTHERN REGIONAL AHEC'S PRACTICE SUPPORT TEAM TRANSFORMS HEALTHCARE DELIVERY IN OUR NINE-COUNTY REGION BY HELPING PROVIDERS MEET NATIONAL STANDARDS AND READY THEMSELVES FOR VALUE-BASED CARE. THIS TEAM WORKS WITH INDIVIDUAL PRACTICES TO PROVIDE ON-SITE ASSISTANCE ON THE TOOLS AND SYSTEMS NEEDED TO OFFER CONSISTENT, HIGH-QUALITY CARE TO ALL PATIENTS, AND PREPARE THE PRACTICE TO RECEIVE VALUE-BASED PAYMENT INITIATIVES. (CONTINUED IN SCHEDULE O)IN FY25, THE PRACTICE SUPPORT TEAM PROVIDED SUPPORT TO 217 MEDICAL PRACTICES IN OUR REGION. THE PRACTICE SUPPORT TEAM ALSO PROVIDES EDUCATIONAL AND TRAINING OPPORTUNITIES FOR PRACTICE MANAGERS, OF ALL EXPERIENCE LEVELS, AND OTHER HEALTHCARE PROFESSIONALS THROUGH THE NC AHEC PRACTICE MANAGEMENT ACADEMY. IN FY25, THE PRACTICE SUPPORT TEAM ENROLLED 63 MEDICAL PROFESSIONALS INTO THE PRACTICE MANAGEMENT ACADEMY. APPROXIMATELY, FIFTY PERCENT OF THESE ENROLLEES WERE MEDICAL PRACTICE MANAGERS WHILE OTHERS WERE NURSES, PHYSICIANS, PHYSICIAN ASSISTANTS, CARE MANAGERS, PHYSICAL THERAPISTS, DENTAL HYGIENISTS, DENTAL ASSISTANTS OR MEDICAL ASSISTANTS. THE NC AHEC PRACTICE MANAGEMENT ACADEMY COMMUNITY HAS 560 MEMBERS AND PROVIDES NETWORKING OPPORTUNITIES FOR ALL PRACTICE MANAGEMENT ENROLLEES. 19564205 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 1 104 0 1 181 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NC X JENNIFER POWELL 9106787211 1601 OWEN DRIVE FAYETTEVILLE NC 283043425 DAVID TOLENTINO DO BOARD CHAIR 1.00 X X 0 0 0 DAVID DICKERHOFF DDS VICE CHAIR 1.00 X X 0 0 0 JOHN WORTH CPA SECRETARY/TREASURER 1.00 X X 0 0 0 HERSHEY BELL MD TRUSTEE 0.50 X 0 0 0 ANN HIGHSMITH TRUSTEE 0.50 X 0 0 0 CAROLE MANGUM TRUSTEE 0.50 X 0 0 0 SHANNON MATTHEWS TRUSTEE 0.50 X 0 0 0 WESLEY MEREDITH TRUSTEE 0.50 X 0 0 0 JOSEPH ROBERTS JR MD TRUSTEE 0.50 X 0 0 0 MARVIN SWARTZ MD TRUSTEE 1.00 X 0 0 0 SUSHMA K KAPOOR MD PRESIDENT/CEO 50.00 X 423291 0 18761 JENNIFER POWELL VP, ADMINISTRATION & FINANCE/CFO 45.00 X 114550 0 6336 STERLING RIDDLEY MD VP, CLINICAL EDUCATION AND SERVICES 45.00 X 254053 0 26835 LENARD SALZBERG MD FACULTY PHYSICIAN 45.00 X 255730 0 11334 RAJESH KHURANA MD FACULTY PHYSICIAN 45.00 X 253297 0 15410 JAMES LESTER DO FACULTY PHYSICIAN 45.00 X 250258 0 8697 KHALID AZIZ MD FACULTY PHYSICIAN 45.00 X 242510 0 24540 WESLEY HILBERT MD FACULTY PHYSICIAN 45.00 X 239777 0 10344 2033466 0 122257 19 0 1 0 ERIC WILLIAMS DBA FJS JANITORIAL SERVI PO BOX 25445 FAYETTEVILLE NC 28314 JANITORIAL/CLEANING SERVICES 109570 1 1970143 7552931 9523074 PATIENT SERVICES 621110 5219626 5219626 RESIDENCY CONTRACT FEE 900099 3847048 3847048 PHARMACY PROCEEDS 900099 1172976 1172976 WORKSHOPS 900099 412070 412070 OTHER SERVICE REVENUE 900099 219718 219718 243925 243925 11115363 449540 449540 2100 0 2100 2100 2100 125166 136769 -11603 -11603 -11603 MISCELLANEOUS INCOME 900099 1084858 1084858 1084858 22163332 12200221 0 440037 X 863458 287618 575840 9906579 9354780 551799 220252 205275 14977 1243541 1123078 120463 749849 667803 82046 92 92 75834 75834 92337 92337 5061615 5052417 9198 31639 24134 7505 1091192 983104 108088 82334 51985 30349 740202 701133 39069 95889 85458 10431 72752 64838 7914 571955 514758 57197 216608 127296 89312 WORKSHOPS 260449 260449 BAD DEBT 60079 60079 21436656 19564205 1872451 0 8015119 8263709 526513 533046 1293004 1279606 530665 482522 42920 150128 83696 127899 459535 542019 18716149 6246956 12933948 12469193 12919017 14621301 13573 9240 36817990 38478663 1310992 1604393 134765 302369 9885223 9321625 10723 6390 11341703 11234777 X 25443714 27208512 32573 35374 25476287 27243886 36817990 38478663 726676 1040923 0 X X 0 1 X 1 1 1 X 9615396 9151394 9032876 8903879 9523074 46226619 9615396 9151394 9032876 8903879 9523074 46226619 46226619 204935 219252 366692 456567 451640 1699086 47925705 57931039 0.96450 0.96530 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 21344319 21344319 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 250000 250000 250000 250000 1000000 1500000 32573 2801 35374 26765 5808 32573 28022 -1257 26765 32767 -4745 28022 26735 6032 32767 0.00000 1.00000 0.00000 0 0 356018 356018 15128995 3406017 11722978 2685387 2329367 356020 545749 511572 34177 12469193 RIGHT OF USE LIABILITY 6390 6390 X 23111918 1040923 1040923 22070995 92337 92337 22163332 21344319 0 21344319 92337 92337 21436656 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 A TAX-EXEMPT ORGANIZATION AS DEFINED IN SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE (IRC). THE FOUNDATION'S INCOME TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. THE FOUNDATION IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS OR ANY ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME, EXCISE, OR OTHER TAXES. THE FOUNDATION FOLLOWS THE INCOME TAX STANDARD FOR UNCERTAIN TAX POSITIONS. THE STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ORGANIZATION'S FINANCIAL STATEMENTS. THIS STANDARD PRESCRIBES RECOGNITION AND MEASUREMENT OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NO CERTAIN TO BE REALIZED. THIS STANDARD HAD NO IMPACT ON THE FOUNDATION'S FINANCIAL STATEMENTS FOR THE YEARS ENDED JUNE 30, 2025 AND 2024. X X X 0 0 0 0 0 0 0 0 0 SUSHMA K KAPOOR MD PRESIDENT/CEO 330479 0 0 0 92812 0 8950 0 9811 0 442052 0 0 0 STERLING RIDDLEY MD VP, CLINICAL EDUCATION AND SERVICES 249353 0 0 0 4700 0 4125 0 22710 0 280888 0 0 0 RAJESH KHURANA MD FACULTY PHYSICIAN 249697 0 0 0 3600 0 7822 0 7588 0 268707 0 0 0 LENARD SALZBERG MD FACULTY PHYSICIAN 255730 0 0 0 0 0 7767 0 3567 0 267064 0 0 0 KHALID AZIZ MD FACULTY PHYSICIAN 242510 0 0 0 0 0 7767 0 16773 0 267050 0 0 0 JAMES LESTER DO FACULTY PHYSICIAN 250258 0 0 0 0 0 6315 0 2382 0 258955 0 0 0 WESLEY HILBERT MD FACULTY PHYSICIAN 239777 0 0 0 0 0 7275 0 3069 0 250121 0 0 0 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE IS COMPOSED OF THE CHAIRMAN, THE OTHER OFFICERS OF THE CORPORATION, INCLUDING THE PRESIDENT/CEO (NON-VOTING) AND DUKE'S AHEC DIRECTOR. THE EXECUTIVE COMMITTEE REVIEWS THE FORM 990 ANNUALLY AND HAS THE AUTHORITY OF THE BOARD OF TRUSTEES BETWEEN ITS REGULAR QUARTERLY MEETINGS. ALL ACTIONS TAKEN BY THE EXECUTIVE COMMITTEE ARE REPORTED AT THE NEXT MEETING OF THE BOARD OF TRUSTEES. 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 OF 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 OF 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 EXECUTIVE COMMITTEE OR FULL BOARD OF TRUSTEES WILL MEET INDEPENDENTLY OF THE CHIEF EXECUTIVE TO DISCUSS PERFORMANCE RELATIVE TO THE JOB DESCRIPTION AND ANNUAL GOALS. ONCE A CONSENSUS IS REACHED REGARDING PERFORMANCE, A SIMILAR DISCUSSION IS HELD CONCERNING COMPENSATION RELATIVE TO THE ANNUAL BENCHMARKS AND ESTABLISHED OBJECTIVES. THE COMPENSATIONS 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. FOR OTHER OFFICERS AND KEY EMPLOYEES, COMPENSATION IS BASED ON MARKET DATA OF COMPARABLE POSITIONS AT OTHER NC AHEC PROGRAMS AND MGMA (MEDICAL GROUP MANAGEMENT ASSOCIATION) SALARY SURVEYS. THE DATA ARE COMPILED BY THE VICE PRESIDENT OF HUMAN RESOURCES AND REVIEWED WITH THE PRESIDENT/CEO FOR DETERMINATION OF COMPENSATION WITH CONSIDERATION OF EXPERIENCE, EDUCATION, DUTIES, RESPONSIBILITIES, AND SPECIFIC CHALLENGES FACING THE ORGANIZATION IN THOSE WORK AREAS. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. 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 CONTRACTUAL PAYMENTS: PROGRAM SERVICE EXPENSES 4,624,387. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,624,387. PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 280,955. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 280,955. PURCHASED SERVICES: PROGRAM SERVICE EXPENSES 147,075. MANAGEMENT AND GENERAL EXPENSES 9,198. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 156,273. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR.