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Nonprofit · EIN 56-1214119

STEDMAN-WADE HEALTH SERVICES INC

Tax-exempt · WADE, NC 28395

Financials

$9.6M$7.7M2023$8.6M$8.5M2024
Revenue Expenses · by fiscal year end
Financials of STEDMAN-WADE HEALTH SERVICES INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
January 31, 2025990$8,603,364$8,459,040$144,324$9,742,763$978,522$8,764,241
January 31, 2024990 (amended)$9,589,325$7,676,489$1,912,836$10,102,232$1,482,315$8,619,917
Financial details: 990 for the year ended January 31, 2025

Revenue

Contributions, gifts and grants
$2,406,485
of which government grants
$2,406,485
Program service revenue
$4,629,181
Investment income
$199,986
Other revenue
$1,367,712

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$4,725,000
Salaries, compensation and benefits (total)
$5,702,371
Professional fundraising fees
$0
Accounting fees
$47,204
Occupancy
$74,862
Depreciation
$262,162
Program services (functional)
$6,732,231
Management and general (functional)
$1,726,809

Balance sheet and other

Total assets, start of year
$10,102,232
Total assets, end of year
$9,742,763
Total liabilities, end of year
$978,522
Net assets, end of year
$8,764,241
Land, buildings and equipment
$6,064,361
Net assets without donor restrictions
$8,764,241
Gross receipts
$8,603,364
Employees
92
Year formed
1978
State of legal domicile
NC

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended January 31, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
TANDEKA BURKSMEDICAL DIRE
Key employee
40$259,231$22,334
NANCY HENDERSON HINESSTAFF PHYSIC
Highest-paid employee
40$240,000$28,891
MARGARET COVINGTONCEO
Key employee
40$197,308$25,242
SHAUNNA L HERRMANPHYSICIAN AS
Highest-paid employee
40$197,058$25,463
MICHAEL KINNODENTAL DRIEC
Highest-paid employee
40$200,000$19,674
LYNETTA ALLEN-GEDDIEPRESIDENT
Trustee or director, Officer
2$0$0
JAQUELINE BISHOPDIRECTOR
Trustee or director
2$0$0
HANNAH CHILDRESSDIRECTOR
Trustee or director
2$0$0
KATHIA ENNETTTREASURER
Trustee or director, Officer
2$0$0
ALEXUS GILBERTDIRECTOR
Trustee or director
2$0$0
MINERVA GILBERTDIRECTOR
Trustee or director
2$0$0
ANN HENICKS-THOMASSECRETARY
Trustee or director, Officer
2$0$0
PRISCILLA JOINERDIRECTOR
Trustee or director
4$0$0
MICAH MCFARLEYDIRECTOR
Trustee or director
2$0$0
DONOVAN MCLAURINDIRECTOR
Trustee or director
2$0$0
1 more people on this return
NameTitleHours / weekCompensation
JACKIE PAUL-RAYVICE PRESIDE
Trustee or director, Officer
2$0
990 for the year ended January 31, 2024: 14 people
NameTitleHours / weekCompensation
TANDEKA BURKSMEDICAL DIRE
Key employee
40$260,000
NANCY HENDERSON HINESSTAFF PHYSIC
Highest-paid employee
40$240,000
MICHAEL KINNODENTAL DRIEC
Highest-paid employee
40$200,000
SHAUNNA L HERRMANPHYSICIAN AS
Highest-paid employee
40$190,500
MARGARET COVINGTONCEO
Key employee
40$190,000
LYNETTA ALLEN-GEDDIEPRESIDENT
Trustee or director, Officer
2$0
HANNAH CHILDRESSDIRECTOR
Trustee or director
2$0
KATHIA ENNETTTREASURER
Trustee or director, Officer
2$0
ALEXUS GILBERTDIRECTOR
Trustee or director
2$0
MINERVA GILBERTDIRECTOR
Trustee or director
2$0
ANN HENICKS-THOMASSECRETARY
Trustee or director, Officer
2$0
MICAH MCFARLEYDIRECTOR
Trustee or director
2$0
DONOVAN MCLAURINDIRECTOR
Trustee or director
2$0
JACKIE PAUL-RAYVICE PRESIDE
Trustee or director, Officer
2$0

Address and contacts

Address (IRS master file)
PO BOX 449, WADE, NC 28395-0449
Principal officer (990 for 2024)
MARGARET COVINGTON
Signed the 990
LYDIA MASON, CFO
Phone
(910) 483-6694
Return prepared by
ROSE GROUP CPAS PLLC

Mission

THE MISSION OF STEDMAN-WADE HEALTH SERVICES IS TO PROVIDE QUALITY, ACCESSIBLE, AFFORDABLE, PRIMARY AND PREVENTIVE MEDICAL, DENTAL AND BEHAVIORAL HEALTH CARE IN A COMPASSIONATE AND COST EFFECTIVE MANNER TO ALL POPULATIONS.

990 for the year ended January 31, 2025

Program accomplishments

  • PROVIDE HEALTH SERVICES AND COMPREHENSIVE HEALTH CARE
    Expenses $6,732,231 · revenue $4,629,181

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in January, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025January 31, 2026June 15, 2026Not on file
2024January 31, 2025June 16, 2025990 on file
2023January 31, 2024June 17, 2024990 on file

IRS record

EIN
56-1214119
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Hospital or medical research organization
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1980
Accounting year ends
January
Files
Form 990 or 990-EZ
Category (NTEE)
Health care (E39Z)
Assets (IRS master file)
$9,742,763
Income (IRS master file)
$8,603,364

Filing history

FormYear endedRevenueExpensesAssetsReturn
990January 2025$8,603,364$8,459,040$9,742,763IRS
990January 2024$9,589,325$7,676,489$10,102,232XML
990January 2023$9,387,966$7,248,692$8,909,455IRS
990January 2022–––IRS
990January 2021–––IRS
990January 2020–––IRS
990January 2019–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-1214119).

Questions about STEDMAN-WADE HEALTH SERVICES INC

What is the EIN of STEDMAN-WADE HEALTH SERVICES INC?
The employer identification number (EIN) of STEDMAN-WADE HEALTH SERVICES INC is 56-1214119.
Is STEDMAN-WADE HEALTH SERVICES INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1980.
Are donations to STEDMAN-WADE HEALTH SERVICES INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does STEDMAN-WADE HEALTH SERVICES INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of STEDMAN-WADE HEALTH SERVICES INC due?
The return for tax year 2025 (the year ending January 31, 2026) is due June 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did STEDMAN-WADE HEALTH SERVICES INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended January 2025.
Who is the principal officer of STEDMAN-WADE HEALTH SERVICES INC?
The 990 for the year ended January 31, 2025 names MARGARET COVINGTON.
Who are the officers and directors of STEDMAN-WADE HEALTH SERVICES INC?
The 990 for the year ended January 31, 2025 lists 16 people; 5 received compensation from the organization, the highest $259,231 (TANDEKA BURKS, MEDICAL DIRE).
How much revenue does STEDMAN-WADE HEALTH SERVICES INC have?
On its 990 for the year ended January 31, 2025 it reported revenue of $8,603,364, expenses of $8,459,040 and total assets of $9,742,763 at year end.

Other nonprofits in WADE

All nonprofits in WADE · North Carolina · Health care