Charles A Cannon Jr Memorial Hospital Inc
- Assets
- $34.2m
- Revenue
- $23.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Linville, NC
- Founding
- 01/1958
- Data as of
- 09/2022
- 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 09/2022, Charles A Cannon Jr Memorial Hospital Inc generated $23.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $25.0m during the year ending 09/2022. While expenses have increased by 1.4% 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 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 23-BED CRITICAL ACCESS HOSPITAL. THE FULL-SERVICE EMERGENCY DEPARTMENT, IMAGING DEPARTMENT, LABORATORY, 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 |
|---|---|---|---|
Charles Mantooth CEO | Officer | 1 | $0 |
Paul Dagher MD Trustee/phys | Trustee | 1 | $0 |
Matt Thomas CFO (left 10 | Officer | 1 | $0 |
Carmen Lacey Pres Cmh | Officer | 1 | $0 |
Stephanie Greer Pres Avery H | Officer | 40 | $0 |
Sam Adams Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $93,650 |
| Government grants | $804,237 |
| All other contributions, gifts, grants, and similar amounts not included above | $200,533 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,098,420 |
| Total Program Service Revenue | $20,200,136 |
| Investment income | $30,516 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $682,331 |
| 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 | $4,179 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,906,519 |
| 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 | $11,281,313 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,761,926 |
| Payroll taxes | $678,714 |
| 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 | $3,974,843 |
| Advertising and promotion | $0 |
| Office expenses | $2,186,204 |
| Information technology | $14,203 |
| Royalties | $0 |
| Occupancy | $751,126 |
| Travel | $110,715 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,950 |
| Interest | $185,168 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,682,025 |
| Insurance | $136,015 |
| All other expenses | $27,349 |
| Total functional expenses | $25,011,460 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,270 |
| Savings and temporary cash investments | $4,913,324 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,063,853 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $7,639 |
| Inventories for sale or use | $680,532 |
| Prepaid expenses and deferred charges | $155,030 |
| Net Land, buildings, and equipment | $22,612,534 |
| Investments—publicly traded securities | $367,278 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,412,330 |
| Total assets | $34,213,790 |
| Accounts payable and accrued expenses | $504,812 |
| 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 | $6,371,826 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $23,345,790 |
| Total liabilities | $30,303,428 |
| Net assets without donor restrictions | $3,000,547 |
| 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 | $34,213,790 |