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Nonprofiteer
← APPALACHIAN REGIONAL HEALTHCARE FOUNDATION

Form 990 for tax year 2024

Filed by APPALACHIAN REGIONAL HEALTHCARE FOUNDATION.

Totals

Total revenue
$2,359,393
Total expenses
$1,543,059
Contributions and grants received
$1,693,939
Grants paid
$0
Program service revenue
$0
Investment income
$665,454
Other revenue
$0
Total assets, end of year
$36,528,012
Total liabilities, end of year
$3,316,445
Net assets or fund balances, end of year
$33,211,567
Program services expenses (Part IX)
$1,282,493
Management and general expenses
$63,138
Fundraising expenses
$197,428
Program service expenses (Part III)
$1,282,493

Program services were 83.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $220,867

  • 1f · All other contributions, gifts and grants

    $1,473,072

  • 1g · Noncash contributions included above

    $139,058

  • 2a · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2b · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2c · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2d · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2e · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $593,808 · unrelated business $0 · excluded $593,808

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $0 · personal property $0

  • 6b · Less rental expenses

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 7a · Gross sales of assets other than inventory

    securities $71,646 · other assets $0

  • 7b · Less cost or other basis and sales expenses

    securities $0 · other assets $0

  • 7c · Gain or loss

    securities $71,646 · other assets $0

  • 7d · Net gain or loss

    total $71,646 · related or exempt $0 · unrelated business $0 · excluded $71,646

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0 · unrelated business $0 · excluded $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0 · program services $0

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $195,162 · program services $0 · management and general $0 · fundraising $195,162

  • 8 · Pension plan contributions

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $13,432 · program services $13,432 · management and general $0 · fundraising $0

  • 11a · Fees: management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $53,080 · program services $0 · management and general $53,080 · fundraising $0

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $14,052 · program services $3,994 · management and general $10,058 · fundraising $0

  • 14 · Information technology

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $2,001 · program services $2,001 · management and general $0 · fundraising $0

  • 17 · Travel

    total $7,042 · program services $7,042 · management and general $0 · fundraising $0

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $38,347 · program services $38,347 · management and general $0 · fundraising $0

  • 20 · Interest

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $2,227 · program services $2,227 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 24a · Other expenses: PROGRAM EXPENSE

    total $1,195,765 · program services $1,195,765 · management and general $0 · fundraising $0

  • 24b · Other expenses: MISCELLANEOUS EXPENSE

    total $19,525 · program services $19,525 · management and general $0 · fundraising $0

  • 24c · Other expenses: OTHER EXPENSES

    total $2,266 · program services $0 · management and general $0 · fundraising $2,266

  • 24d · Other expenses: DUES & SUBSCRIPTIONS

    total $160 · program services $160 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 26 · Joint costs (an allocation of the lines above)

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $10,744,801 · end of year $15,091,472

  • 2 · Savings and temporary cash investments

    beginning of year $11,479,569 · end of year $12,847,509

  • 3 · Pledges and grants receivable

    beginning of year $9,138,558 · end of year $6,329,344

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,253 · end of year $6,962

  • 10a · Land, buildings and equipment: cost or other basis

    $330,571

  • 10b · Land, buildings and equipment: accumulated depreciation

    $26,674

  • 10c · Land, buildings and equipment, net

    beginning of year $306,123 · end of year $303,897

  • 11 · Investments: publicly traded securities

    beginning of year $1,668,102 · end of year $1,803,507

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $148,466 · end of year $145,321

  • 17 · Accounts payable and accrued expenses

    beginning of year $19,092 · end of year $15,800

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $2,563,329 · end of year $3,300,645

  • 27 · Net assets without donor restrictions

    beginning of year $17,980,260 · end of year $16,178,195

  • 28 · Net assets with donor restrictions

    beginning of year $12,930,191 · end of year $17,033,372

Mission and programs · 2024

Mission

WORK WITH APPALACHIAN REGIONAL HEALTHCARE SYSTEM (ARHS) TO SUPPORT HEALTHCARE IN THE SURROUNDING REGION OF WESTERN NORTH CAROLINA AND PROMOTE AND FACILITATE PHILANTHROPY ON BEHALF OF ARHS AND ITS AFFILIATES.

Activities or mission (Part I)

WORK WITH APPALACHIAN REGIONAL HEALTHCARE SYSTEM (ARHS) TO SUPPORT HEALTHCARE IN THE SURROUNDING REGION OF WESTERN NORTH CAROLINA. OUR MISSION WILL BE ACHIEVED BY 1) EXPANDING AND PRESERVING ESSENTIAL PATIENT SERVICES THROUGH PHILANTHROPY; 2) EQUIPPING CAREGIVERS WITH UNIQUE RESOURCES AND LEADING EDGE TECHNOLOGIES; 3) HELPING CREATE A HEALTHIER COMMUNITY FOR THE COUNTIES WE SERVE; AND 4) COOPERATING WITH OTHER COMMUNITY ORGANIZATIONS WHO SHARE THE ARHS MISSION.

  • FUNDS RAISED SUPPORT ARHS AND ITS AFFILIATES THROUGH CAPITAL EQUIPMENT PURCHASES AND OTHER OPERATIONS.

    Expenses $1,282,493

As filed on the 2024 return.

Listed in Part VII

  • Charles Mantooth

    CEO (thru 12/31/2024)

    Total calculated
    $1,180,817
    From this org
    $0
    From related orgs
    $1,151,578
    Other
    $29,239
    Hours/week
    1 + 43 related

    Schedule J breakdown matched by us

    Base
    $0 + $596,911 related
    Bonus
    $0 + $93,487 related
    Other
    $0 + $461,180 related
    Deferred
    $0 + $21,850 related
    Nontaxable benefits
    $0 + $7,389 related
    Filer's total
    $0 + $1,180,817 related

  • David Nathan Nipper

    CEO (began 01/01/2025)

    Total calculated
    $472,368
    From this org
    $0
    From related orgs
    $448,212
    Other
    $24,156
    Hours/week
    1 + 43 related

    Schedule J breakdown matched by us

    Base
    $0 + $374,233 related
    Bonus
    $0 + $47,316 related
    Other
    $0 + $26,663 related
    Deferred
    $0 + $10,350 related
    Nontaxable benefits
    $0 + $13,806 related
    Filer's total
    $0 + $472,368 related

  • Edward Hinson

    Chairman

    Total calculated
    $0
    Hours/week
    1

  • Robert Hudspeth

    Trustee/SVP Development

    Total calculated
    $387,432
    From this org
    $0
    From related orgs
    $364,624
    Other
    $22,808
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $253,732 related
    Bonus
    $0 + $30,123 related
    Other
    $0 + $80,769 related
    Deferred
    $0 + $15,767 related
    Nontaxable benefits
    $0 + $7,041 related
    Filer's total
    $0 + $387,432 related

  • Anne Corinne Beaver MD

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Barbara Goodmon

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Bill Leonard

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Chick Fuller

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Chris Petti

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Harrison Chip Williamson

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Janet Cone

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Jim Ferguson MD

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Libba Gaither

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Paul O'Connell

    Trustee (thru 12/31/2024)

    Total calculated
    $0
    Hours/week
    1

  • Sam Adams

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Rick Cassady

    CFO

    Total calculated
    $488,132
    From this org
    $0
    From related orgs
    $447,931
    Other
    $40,201
    Hours/week
    1 + 43 related

    Schedule J breakdown matched by us

    Base
    $0 + $319,790 related
    Bonus
    $0 + $67,141 related
    Other
    $0 + $61,000 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $40,201 related
    Filer's total
    $0 + $488,132 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
THE FILING ORGANIZATION RELIES ON THE METHODS USED BY ARHS, THE PARENT COMPANY, TO ESTABLISH COMPENSATION FOR ALL OFFICERS. NONE OF THE OFFICERS OR BOARD MEMBERS ARE COMPENSATED BY THE FILING ORGANIZATION.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
SEVERANCE NONQUALIFIED EQUITY-BASED CHARLES MANTOOTH $0 $11,500 $0 DAVID NATHAN NIPPER $0 $2,675 $0 ROBERT HUDSPETH $0 $7,076 $0

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
15 May 2026
IRS schema version
2024v5.1
Source object
202611359349304701

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