Charles A Cannon Jr Memorial Hospital Inc
- Assets
- $40.3m
- Revenue
- $28.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Linville, NC
- Founding
- 01/1958
- Data as of
- 09/2021
- EIN
- 56-0529974
Organization Overview
Charles A Cannon Jr Memorial Hospital Inc is located in Linville, NC. The organization was established in 1958. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charles A Cannon Jr 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, Charles A Cannon Jr Memorial Hospital Inc generated $28.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $25.6m during the year ending 09/2021. While expenses have increased by 2.1% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTHCARE SERVICES TO ENHANCE THE QUALITY OF LIFE FOR THE CITIZENS OF AVERY COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARLES A. CANNON, JR MEMORIAL HOSPITAL IN LINVILLE IS A 25-BED ACUTE CARE HOSPITAL WITH A 10-BED INPATIENT BEHAVIORAL HEALTH UNIT. THE FULL-SERVICE EMERGENCY DEPARTMENT, IMAGING DEPARTMENT, LABORATORY, OUTPATIENT BEHAVIORAL HEALTH, REHABILITATION CENTER OFFERING PHYSICAL AND OCCUPATIONAL THERAPIES, AND CARDIOPULMONARY REHABILITATION COMPLETE THE LIST OF SERVICES OFFERED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Dale Chair | OfficerTrustee | 1 | $0 |
Jim Deal Vice Chair | OfficerTrustee | 1 | $0 |
Charles Mantooth CEO | Officer | 1 | $0 |
Kevin May CFO Left 1/2 | Officer | 1 | $0 |
Carmen Lacey Cmh Pres | Officer | 40 | $0 |
Matt Thomas CFO | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,190,511 |
| 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 | $7,190,511 |
| Total Program Service Revenue | $21,151,190 |
| Investment income | $3,543 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $25,924 |
| Net Gain/Loss on Asset Sales | $64,220 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,363 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $28,743,569 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,231,597 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,870,966 |
| Payroll taxes | $728,751 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,036,443 |
| Advertising and promotion | $0 |
| Office expenses | $1,874,691 |
| Information technology | $17,133 |
| Royalties | $0 |
| Occupancy | $667,623 |
| Travel | $107,032 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $31,352 |
| Interest | $248,271 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,386,757 |
| Insurance | $101,796 |
| All other expenses | $28,829 |
| Total functional expenses | $25,598,861 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,270 |
| Savings and temporary cash investments | $11,702,798 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,744,447 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $20,139 |
| Inventories for sale or use | $582,833 |
| Prepaid expenses and deferred charges | $197,528 |
| Net Land, buildings, and equipment | $23,267,091 |
| Investments—publicly traded securities | $367,461 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $403,294 |
| Total assets | $40,286,861 |
| Accounts payable and accrued expenses | $637,725 |
| Grants payable | $0 |
| Deferred revenue | $81,000 |
| 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 | $7,183,540 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $27,369,293 |
| Total liabilities | $35,271,558 |
| Net assets without donor restrictions | $4,105,488 |
| Net assets with donor restrictions | $909,815 |
| 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 | $40,286,861 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Charles A Cannon Jr Memorial Hospital Inc has recieved totaling $85,500.
| Awarding Organization | Amount |
|---|---|
Duke Endowment Charlotte, NC PURPOSE: TO ESTABLISH A COMMUNITY PARAMEDICINE PROGRAM IN AVERY COUNTY. | $85,500 |
Endowment Analysis
| Beg. Balance | $909,815 |
| Ending Balance | $909,815 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Maryview Hospital Llc Suffolk, VA | $0 | $126,392,609 |
Leconte Medical Center Knoxville, TN | $91,240,969 | $144,185,798 |
Columbus Regional Healthcare System Whiteville, NC | $197,969,739 | $134,524,668 |
Harnett Health System Inc Dunn, NC | $119,557,525 | $137,837,447 |
Lexington Medical Center Lexington, NC | $126,269,827 | $125,126,706 |
Bon Secours-Richmond Community Hospital Richmond, VA | $200,107,508 | $168,768,277 |
Uva Culpeper Medical Center Culpeper, VA | $139,556,597 | $116,029,117 |
Crisp Regional Hospital Inc Cordele, GA | $164,464,771 | $118,380,453 |
Morristown Hamblen Hosp Knoxville, TN | $71,835,132 | $127,114,372 |
Upson County Hospital Inc Thomaston, GA | $251,563,523 | $131,936,777 |
Novant Health Thomasville Medical Center Llc Winston Salem, NC | $97,078,773 | $115,006,947 |
Meadows Regional Medical Center Inc Vidalia, GA | $156,126,750 | $94,571,212 |