Appalachian Regional Healthcare System Inc
- Assets
- $32.9m
- Revenue
- $50.7m
- Investments
- $0.0
- Employees
- 1,841
- Location
- Boone, NC
- Founding
- 02/2006
- Data as of
- 09/2022
- EIN
- 20-1067022
Organization Overview
Appalachian Regional Healthcare System Inc is located in Boone, NC. The organization was established in 2006. According to its NTEE Classification (F11) the organization is classified as: Single Organization Support, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 09/2022, Appalachian Regional Healthcare System Inc employed 1,841 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Appalachian Regional Healthcare System Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2022, Appalachian Regional Healthcare System Inc generated $50.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $50.3m during the year ending 09/2022. While expenses have increased by 5.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE, COORDINATE, AND SUPPORT THE DELIVERY OF HEALTHCARE AND HEALTHCARE-RELATED SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
APPALACHIAN REGIONAL HEALTHCARE SYSTEM (ARHS), THE HEALTHCARE LEADER IN THE HIGH COUNTRY, IS COMPRISED OF THREE HOSPITALS, A PHYSICIAN PRACTICE MANAGEMENT GROUP, AND A HEALTHCARE FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Anderson MD Physician | 40 | $1,555,206 | |
Benjamin Parker MD Physician | 40 | $1,265,788 | |
James Califf MD Physician | 40 | $952,099 | |
Charles Mantooth CEO | Officer | 40 | $637,139 |
Gregory Diamonti MD Physician | 40 | $628,081 | |
Cynthia Ballenger MD Physician | 40 | $653,904 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Qualivis Llc Staffing | 9/29/22 | $11,785,787 |
Weatherby Locums Inc Locum Tenens | 9/29/22 | $1,747,660 |
Aya Healthcare Staffing | 9/29/22 | $2,818,909 |
Wake Forest Univ School Of Medicine Telehealth Svcs | 9/29/22 | $1,225,019 |
Cardiosolution Phys California Telehealth Svcs | 9/29/22 | $1,667,262 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $50,238,160 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $50,710,259 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,277,926 |
| Compensation of current officers, directors, key employees. | $2,672,016 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,919,134 |
| Pension plan accruals and contributions | $2,099,795 |
| Other employee benefits | $9,846,225 |
| Payroll taxes | $1,613,974 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $548,564 |
| Fees for services: Accounting | $195,716 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,589,704 |
| Advertising and promotion | $385,321 |
| Office expenses | $1,010,663 |
| Information technology | $337,849 |
| Royalties | $0 |
| Occupancy | $176,385 |
| Travel | $93,925 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $141,160 |
| Interest | $293,118 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,746,607 |
| Insurance | $0 |
| All other expenses | $72,004 |
| Total functional expenses | $50,320,103 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$8,357 |
| Savings and temporary cash investments | $4,582,776 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $405,909 |
| Net Land, buildings, and equipment | $17,807,456 |
| Investments—publicly traded securities | $481,008 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,586,492 |
| Total assets | $32,855,284 |
| Accounts payable and accrued expenses | $21,455,976 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $7,339,569 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,625,774 |
| Total liabilities | $37,421,319 |
| Net assets without donor restrictions | -$4,566,035 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $32,855,284 |