EHealth CareEIN: 561936354

First Health of the Carolinas INC

Pinehurst, North Carolina

A-Health Score
78A-

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Very Good

How This Organization Compares

Compared to 354 peers in Health Care with >$1B revenue

Working Capital Ratio (net assets ÷ expenses)

This Org1.03×
Peer Median0.58×
💰
$1.2B
Total Revenue
📊
$1.1B
Total Expenses
🏦
$1.1B
Net Assets
📋
$377.3M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+5.5%
Year-over-year change (2022 → 2023)
Net Margin
+6.3%
Revenue minus expenses as % of revenue
Working Capital Ratio
1.03
Net assets divided by total expenses
Liabilities-to-Assets
25.1%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$1,170,036,7735%$1,096,646,86711%$1,504,469,8338%
2022$1,109,525,53812%$988,613,0478%$1,395,879,63310%
2021$986,400,71812%$914,649,28510%$1,544,188,65411%
2020$882,247,6112%$828,668,2452%$1,389,893,76826%
2019$863,866,29311%$812,680,45610%$1,102,145,5164%
2018$775,945,5463%$738,562,5281%$1,055,888,1922%
2017$797,440,53716%$732,131,84920%$1,035,703,4686%
2016$686,449,1005%$611,420,556$979,690,0015%
2015$653,619,05213%$612,793,10714%$931,925,7944%
2014$579,511,6813%$536,560,3542%$967,561,1946%
2013$560,361,8614%$527,947,4537%$911,895,7285%
2012$536,660,5859%$493,815,2437%$867,734,5837%
2011$492,953,838$462,510,561$807,891,417

Frequently Asked Questions

What does First Health of the Carolinas INC do?

First Health of the Carolinas INC is a health care nonprofit organization based in North Carolina. It is classified under NTEE code E220 and is registered as a 501(c) tax-exempt organization with the IRS.

Is First Health of the Carolinas INC financially healthy?

Based on our 9-metric Financial Health Score model, First Health of the Carolinas INC has a score of 78/100 (Grade: A-). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does First Health of the Carolinas INC generate?

First Health of the Carolinas INC reports $1.2B in annual revenue and holds $1.7B in total assets, based on IRS filings.

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