Blue Ridge Healthcare Hospitals Inc
- Assets
- $628.9m
- Revenue
- $131.8m
- Investments
- $57.6m
- Employees
- 0
- Location
- Morganton, NC
- Founding
- 05/1931
- Data as of
- 06/2022
- EIN
- 56-0529976
Organization Overview
Blue Ridge Healthcare Hospitals Inc is located in Morganton, NC. The organization was established in 1931. 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. Blue Ridge Healthcare Hospitals 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 06/2022, Blue Ridge Healthcare Hospitals Inc generated $131.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.5%) each year. All expenses for the organization totaled $124.8m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (5.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Blue Ridge Healthcare Hospitals Inc has awarded 56 individual grants totaling $1,590,011. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVING THE HEALTH OF OUR COMMUNITIES BY PROVIDING EXCELLENT AND COMPASSIONATE CARE.
Describe the Organization's Program Activity:
BLUE RIDGE HEALTHCARE HOSPITALS PROVIDED 16,013 DAYS OF CARE TO 2,654 PATIENTS ADMITTED. BLUE RIDGE HEALTHCARE HOSPITALS HAS 315 BEDS AND OFFERS A BROAD SCOPE OF SERVICES.
THE ORGANIZATION PROVIDES A HOST OF OTHER HEALTHCARE DELIVERY SERVICES TO THE COMMUNITY, INCLUDING LABORATORY SERVICES, ONCOLOGY SERVICES, RADIOLOGY SERVICES, AND OTHER HEALTHCARE RELATED SERVICES.
BLUE RIDGE HEALTHCARE HOSPITALS' SURGICAL SERVICES PERFORMED 900 INPATIENT SURGERIES AND 3,428 OUTPATIENT SURGERIES. ORTHOPEDICS, GENERAL SURGERY, SPINE SURGERY, AND OB/GYN ARE THE MAJOR SURGICAL SPECIALITIES OFFERED.
EMERGENCY ROOM SAW 22,598 PATIENTS DURING THE YEAR. THE ED IS OPEN 24 HOURS A DAY, 7 DAYS A WEEK AND IS ABLE TO TAKE CARE OF ANY TYPE OF EMERGENCY OR PROBLEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Michael Bridges Chairman | OfficerTrustee | 1 | $0 |
M H Mccrary Vice-Chairman | OfficerTrustee | 1 | $0 |
Sherrod Salsbury Secretary | OfficerTrustee | 1 | $0 |
Jeff Carswell Treasurer | OfficerTrustee | 1 | $0 |
John Branstrom Board Member | Trustee | 1 | $0 |
Alan Griffin Board Member | Trustee | 1 | $0 |
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 | $563,585 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $563,585 |
| Total Program Service Revenue | $129,052,106 |
| Investment income | $3,075,662 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$841,508 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $131,849,845 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $189,117 |
| 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 | $56,230,589 |
| Pension plan accruals and contributions | $882,984 |
| Other employee benefits | $3,781,927 |
| Payroll taxes | $2,860,630 |
| Fees for services: Management | $48 |
| Fees for services: Legal | $278,891 |
| Fees for services: Accounting | $58,075 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $24,191,216 |
| Advertising and promotion | $282,430 |
| Office expenses | $431,441 |
| Information technology | $254,944 |
| Royalties | $0 |
| Occupancy | $1,642,477 |
| Travel | $152,043 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,825,484 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,433,531 |
| Insurance | $887,654 |
| All other expenses | $382,307 |
| Total functional expenses | $124,787,634 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,911,106 |
| Savings and temporary cash investments | $4,379,448 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,759,732 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,993,370 |
| Prepaid expenses and deferred charges | $6,061,951 |
| Net Land, buildings, and equipment | $117,594,957 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $57,561,358 |
| Investments—program-related | $0 |
| Intangible assets | $3,860,000 |
| Other assets | $372,784,462 |
| Total assets | $628,906,384 |
| Accounts payable and accrued expenses | $69,538,447 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $58,373,638 |
| 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 | $23,040,301 |
| Total liabilities | $150,952,386 |
| Net assets without donor restrictions | $477,914,515 |
| Net assets with donor restrictions | $39,483 |
| 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 | $628,906,384 |
Grants Awarded
Over the last fiscal year, Blue Ridge Healthcare Hospitals Inc has awarded $160,167 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
BLUE RIDGE HEALTHCARE FOUNDATION PURPOSE: GENERAL SUPPORT | $10,675 |
CITY OF MORGANTON PURPOSE: SOCCER COMPLEX PLEDGE AND HISTORIC MORGANTON FESTIVAL | $30,500 |
GOOD SAMARITAN CLINIC PURPOSE: GENERAL SUPPORT | $29,692 |
BURKE PARTNERSHIP FOR ECONOMIC DEVELOPMENT PURPOSE: GENERAL SUPPORT | $15,000 |
BURKE COUNTY CHAMBER OF COMMERCE PURPOSE: GENERAL SUPPORT | $11,500 |
LEARFIELD COMMUNICATIONS LLC PURPOSE: APP STATE SPONSORSHIP: LEARFIED IMG COLLEGE | $26,800 |