Alleghany County Memorial Hospital Inc
- Assets
- $23.0m
- Revenue
- $15.9m
- Investments
- $0.0
- Employees
- 142
- Location
- Sparta, NC
- Founding
- 03/1952
- Data as of
- 09/2021
- EIN
- 56-0525657
Organization Overview
Alleghany County Memorial Hospital Inc is located in Sparta, NC. The organization was established in 1952. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 09/2021, Alleghany County Memorial Hospital Inc employed 142 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alleghany County Memorial Hospital 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 09/2021, Alleghany County Memorial Hospital Inc generated $15.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $14.5m during the year ending 09/2021. While expenses have increased by 0.4% per year over the past 6 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE TOP QUALITY HEALTH CARE SERVICES TO OUR LOCAL COMMUNITY AND SURROUNDING COMMUNITIES. SERVICES ARE PROVIDED TO ALL INDIVIDUALS REGARDLESS OF THEIR ABILITY TO PAY.
Describe the Organization's Program Activity:
ALLEGHANY MEMORIAL HOSPITAL PROVIDED NECESSARY HEALTHCARE SERVICES TO INDIVIDUALS IN THE COMMUNITY REGARDLESS OF THEIR ABILITY TO PAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Jose Arocha Chief Of Med. Staff | 40 | $346,450 | |
Pamela Hoppers Pharmacist | 40 | $138,239 | |
Craig James President Thr. 03/20 | Officer | 40 | $133,930 |
Kathryn Doby Chief Admin Officer | Officer | 40 | $120,389 |
April Maines Clinical Director | Officer | 41 | $92,482 |
Jim Becker Trustee/board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Frank L Blum Construction Co Construction | 9/29/21 | $3,785,162 |
Alleghany Emergency Group Llc Er Physicians | 9/29/21 | $1,180,056 |
Savista Llc (Nthruve) Patient Financial Services | 9/29/21 | $851,712 |
Cpsi It Support | 9/29/21 | $298,667 |
Odell Associates Inc Construction | 9/29/21 | $669,135 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,009,428 |
| Government grants | $447,105 |
| 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 | $1,456,533 |
| Total Program Service Revenue | $13,978,381 |
| Investment income | $1,620 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $29,541 |
| Net Gain/Loss on Asset Sales | $55,284 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,886,871 |
| 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. | $226,413 |
| Compensation of current officers, directors, key employees. | $226,413 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,922,301 |
| Pension plan accruals and contributions | $68,166 |
| Other employee benefits | $629,038 |
| Payroll taxes | $357,811 |
| Fees for services: Management | $350,004 |
| Fees for services: Legal | $207 |
| Fees for services: Accounting | $83,382 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,956,608 |
| Advertising and promotion | $94,292 |
| Office expenses | $959,293 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $160,128 |
| Travel | $10,236 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $745,606 |
| Insurance | $128,603 |
| All other expenses | $0 |
| Total functional expenses | $14,485,418 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,508,501 |
| Savings and temporary cash investments | $18,358 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,463,419 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $255,240 |
| Prepaid expenses and deferred charges | $68,636 |
| Net Land, buildings, and equipment | $16,192,465 |
| Investments—publicly traded securities | $379,120 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $61,091 |
| Other assets | $85,129 |
| Total assets | $23,031,959 |
| Accounts payable and accrued expenses | $6,027,775 |
| Grants payable | $0 |
| Deferred revenue | $2,045,230 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $42,130 |
| Total liabilities | $8,115,135 |
| Net assets without donor restrictions | $14,544,318 |
| Net assets with donor restrictions | $372,506 |
| 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 | $23,031,959 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Alleghany County Memorial Hospital Inc has recieved totaling $146,500.
| Awarding Organization | Amount |
|---|---|
Mcmichael Family Foundation Madison, NC PURPOSE: GENERAL PURPOSE | $100,000 |
The Little Farm Foundation Glade Valley, NC PURPOSE: MEDICAL SUPPLIES | $39,000 |
George W Henderson Iii Family Foundation Inc West Palm Beach, FL PURPOSE: GENERAL PURPOSE SUPPORT | $5,000 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $2,500 |
Endowment Analysis
| Beg. Balance | $337,974 |
| Earnings | $63,901 |
| Other Expense | $22,755 |
| Ending Balance | $379,120 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Norton Community Hospital Inc Johnson City, TN | $0 | $44,059,462 |
Carilion Franklin Memorial Hospital Roanoke, VA | $34,418,043 | $53,453,560 |
Stephens County Hospital Authority Toccoa, GA | $31,750,136 | $50,289,631 |
Carilion Rockbridge Community Hospital Roanoke, VA | $70,108,246 | $53,030,764 |
Siskin Hospital For Physical Rehabilitation Chattanooga, TN | $126,934,150 | $48,552,060 |
Unity Medical Center Inc Manchester, TN | $57,842,404 | $53,886,351 |
Smyth County Community Hospital Johnson City, TN | $126,236,373 | $54,851,079 |
Chatham Hospital Inc Siler City, NC | $25,669,520 | $44,313,104 |
Mcleod Medical Center Dillon Florence, SC | $110,037,034 | $57,500,256 |
Bacon County Health Services Inc Alma, GA | $58,017,559 | $55,115,427 |
Sheltering Arms Hospital Mechanicsville, VA | $31,551,065 | $35,587,950 |
Bedford Memorial Hospital Bedford, VA | $39,050,429 | $58,938,493 |