Alamance Regional Medical Center
- Assets
- $720.0m
- Revenue
- $376.2m
- Investments
- $0.0
- Employees
- 2,611
- Location
- Greensboro, NC
- Founding
- 03/1938
- Data as of
- 09/2023
- EIN
- 56-0529994
Organization Overview
Alamance Regional Medical Center is located in Greensboro, NC. The organization was established in 1938. 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 09/2023, Alamance Regional Medical Center employed 2,611 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alamance Regional Medical Center 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 09/2023, Alamance Regional Medical Center generated $376.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $329.3m during the year ending 09/2023. While expenses have increased by 4.7% per year over the past 8 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.
Since 2015, Alamance Regional Medical Center has awarded 58 individual grants totaling $3,180,530. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE SERVE OUR COMMUNITIES BY PREVENTING ILLNESS, RESTORING HEALTH AND PROVIDING COMFORT THROUGH EXCEPTIONAL PEOPLE DELIVERING EXCEPTIONAL CARE.
Describe the Organization's Program Activity:
PROVISION OF PATIENT CARE: TO PROVIDE QUALITY HEALTHCARE SERVICES. ALAMANCE REGIONAL MEDICAL CENTER HAD A TOTAL OF 11,378 PATIENT DISCHARGES, 52,739 DAYS OF CARE, 190,070 OUTPATIENT AND TELEHEALTH VISITS AND AN AVERAGE DAILY CENSUS OF 144.5.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cagle Mary Jo President & CEO | OfficerTrustee | 0 | $0 |
Akin Terrence President & Chief Executive Of | 0 | $0 | |
Rempher Kenneth Executive VP & Assistant Secre | 0 | $0 | |
Priest MD Marlon Chief Clinical Officer | Officer | 0 | $0 |
Eaton Mandy COO | Officer | 0 | $0 |
Barrow Andrew CFO & Secretary | Officer | 0 | $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 | $465,404 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $465,404 |
| Total Program Service Revenue | $370,617,968 |
| Investment income | $4,571 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $998,629 |
| Net Gain/Loss on Asset Sales | -$232,141 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $376,242,521 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,690 |
| 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 | $90,729,698 |
| Pension plan accruals and contributions | $3,300,680 |
| Other employee benefits | $20,716,722 |
| Payroll taxes | $7,324,693 |
| Fees for services: Management | $2,230,700 |
| Fees for services: Legal | $22,902 |
| Fees for services: Accounting | $507,026 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,801,088 |
| Advertising and promotion | $146,962 |
| Office expenses | $4,396,108 |
| Information technology | $1,272,767 |
| Royalties | $0 |
| Occupancy | $2,123,816 |
| Travel | $52,623 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $106,981 |
| Payments to affiliates | $55,444,879 |
| Depreciation, depletion, and amortization | $19,129,213 |
| Insurance | $7,170 |
| All other expenses | $352,911 |
| Total functional expenses | $329,282,769 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,076 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $437,446,226 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,847,475 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $267,097,618 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,626,038 |
| Total assets | $720,022,433 |
| Accounts payable and accrued expenses | $29,651,098 |
| Grants payable | $0 |
| Deferred revenue | $16,986 |
| Tax-exempt bond liabilities | $54,212 |
| 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 | $9,610,292 |
| Total liabilities | $39,332,588 |
| Net assets without donor restrictions | $680,535,072 |
| Net assets with donor restrictions | $154,773 |
| 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 | $720,022,433 |
Grants Awarded
Over the last fiscal year, Alamance Regional Medical Center has awarded $170,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ALAMANCE CHAMBER OF COMMERCE PURPOSE: Support Of The Community | $150,000 |
OPEN DOOR CLINIC PURPOSE: Support Of The Community | $20,000 |