Randolph Hospital Inc
- Assets
- $0.0
- Revenue
- $81.4m
- Investments
- $0.0
- Employees
- 974
- Location
- Asheboro, NC
- Founding
- 01/1945
- Data as of
- 09/2021
- EIN
- 56-0530234
Organization Overview
Randolph Hospital Inc, operating under the name Randolph Health, is located in Asheboro, NC. The organization was established in 1945. 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, Randolph Health employed 974 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Randolph Health 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, Randolph Health generated $81.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $83.0m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (4.9%) per year over the past 7 years. 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 QUALITY HEALTH CARE AND TO PROMOTE HEALTH AND WELLNESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RANDOLPH HOSPITAL, A NOT-FOR-PROFIT, 145-BED COMMUNITY HOSPITAL WAS ESTABLISHED IN 1928 WITH THE APPROVAL OF A COOPERATIVE PLAN WITH THE DUKE ENDOWMENT AT A JOINT MEETING OF THE ASHEBORO ROTARY CLUB, THE KIWANIS CLUB, THE CHAMBER OF COMMERCE, THE TOWN COUNCIL AND INTERESTED CITIZENS. THE PLAN CALLED FOR THE BUILDING OF A 40-BED HOSPITAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Miller Secretary | OfficerTrustee | 0.5 | $0 |
Elbert Lassiter Jr Vice Chair | OfficerTrustee | 0.5 | $0 |
Glenn Mac Pugh Chairman | OfficerTrustee | 0.5 | $0 |
Linda Brown Board Member | Trustee | 0.5 | $0 |
David Bryant Board Member | Trustee | 0.5 | $0 |
Dr Cranford Knott Board Member | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cone Health Hospitalist,lab,pharm,mgt Fee | 9/29/21 | $4,507,927 |
Ankura Consulting Group Consulting | 9/29/21 | $2,228,210 |
Nelson Mullins Riley Scarborough A07081 Legal Services | 9/29/21 | $2,150,310 |
Trimedx Inc Repairs And Maintenace | 9/29/21 | $1,226,103 |
Houlihan Lokey Capital Inc Consulting | 9/29/21 | $1,104,708 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $81,442,252 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $31,629,540 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,118,967 |
| Payroll taxes | $78,814 |
| Fees for services: Management | $3,557,441 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $10,245,147 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $95,897 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $194,525 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,008,746 |
| Insurance | $395,143 |
| All other expenses | $0 |
| Total functional expenses | $82,983,671 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $0 |