Coastal Connect INC EIN 32-0304211 Form 990 (PDF) Claim this org

Coastal Connect INC

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Connects healthcare providers electronically to improve patient care and reduce errors. For fiscal year 2023 it reported $222K in revenue, $861K in expenses, and $199K in net assets.Pt I

Type
Public charity (501(c)(3)) · Health Care
Location
Wilmington, NC
Website
coastalconnect.org
Filings
4 on file (2020–2023)
Revenue
$222KFY2023
Expenses
$861K
Net assets
$199K
People
13
Filings
4
Updates
0
More identity details & actions ⌄
EIN  32-0304211 Public charity (501(c)(3)) Wilmington, NC
Form 990 (PDF)
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Size
$100K–1M
What they do
Connects healthcare providers electronically to improve patient care and reduce errors.
Leadership
Dr Amy Messier · Chair
Money in and out
$222K revenue, $861K expenses
Bottom line
86% program efficiency
Where the money goes · FY2023
Total revenue
$222K
Pt VIII · Ln 12
Total expenses
$861K
Pt IX · Ln 25
Net assets
$199K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$640K
Where spending went · Part IX cols B–D
Program services $0.86 Management & general $0.14 Fundraising $0.00
Program efficiency
86%
of spending reaches programs▲ +6% vs prior filing year
Operating runway
2.4mo
months of highly liquid reserves at operating expense rate▼ -59% vs prior filing year
Surplus margin
-289%
revenue over expenses, this year▼ -16481% vs prior filing year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$222K
FY2023▼ -88%
Expenses
$861K
FY2023▼ -51%
Total assets
$219K
FY2023▼ -77%
Total liabilities
$20K
FY2023▼ -84%
Total revenue
$222K
Pt VIII · Ln 12
Total expenses
$861K
Pt IX · Ln 25
Net assets
$199K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$640K
Total assetsPt X · Ln 16$219K
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 413

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCoastal Connect INC
EINHdr · item D32-0304211
Principal addressHdr · item CWilmington, NC
WebsiteHdr · item Jcoastalconnect.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHealth Care (E80)
Ruling yearIRS BMFDec 2011

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a13
Independent voting membersPt VI · Ln 1b13
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $742K of program spending, described in the organization's own filed words · FY2022.
01

To securely connect health care providers in and around Southeastern North Carolina by way of electronic medical information sharing and increase the efficiency of patient care along with the ability to diagnose and treat in a timely manner, decreasing the number of unnecessary tests and procedures and minimizing clincial errors.

$742Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$220K · 99%
Other revenue$1K · 1%
Contributions & grants99%$220K
Other revenue1%$1K
Investment income$450
Total revenueLn 12$222K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.86 Management & general $0.14 Fundraising $0.00
Program services86%$742K
Management & general14%$117K
Fundraising$2K
Total functional expensesLn 25$861K

Balance Sheet

Part X · end of year
CashLn 1$173K
Total assetsLn 16$219K
Total liabilitiesLn 26$20K
Total net assetsLn 32$199K
Months of cash on handcomputed2.4

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $173K · Operating expenses/yr $861K
2.4 months
Where the money goes
Program services
Program services $742K · Total expenses $861K
86%
Management & General
Management & general $117K · Total expenses $861K
14%
Fundraising
Fundraising $2K · Total expenses $861K
0.3%
Cost to raise $1
Fundraising expense (3-yr avg) $6K · Solicited contributions (3-yr avg) $1.2M
$0.00 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $220K · Total revenue $222K
99%
Government reliance
Government grants — · Total revenue $222K
Earned-income share
Program service revenue $0 · Total revenue $222K
0%
Investment reliance
Investment income $450 · Total revenue $222K
+0.2%
Program self-sufficiency
Program service revenue $0 · Total expenses $861K
0%
Growth & trend
Revenue growth (YoY)
This year $222K · Prior year $1.8M
-88%
Net-asset trend (YoY)
End of year $199K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $222K · Expenses $861K
-289%
Liabilities-to-Assets
Total liabilities — · Total assets $219K
Net-asset ratio
Net assets $199K · Total assets $219K
91%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $219K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Dr Amy Messier · Reported title Chair · Highest reported compensation $0 · Total expenses $861K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $241K · Total expenses $861K
28%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 86%
Overhead ratio 14%
Fundraising cost ratio 1%
Revenue growth -88%
Legal fee ratio 0.7%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2023 (Latest)$222K revenue · viewing · ⤓ 990 PDF
FY2022$1.8M revenue · ⤓ 990 PDF
FY2021$1.8M revenue · ⤓ 990 PDF
FY2020$1.8M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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