Randolph Hospital Inc

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 6 years, the organization has seen revenues fall by an average of (5.4%) 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 (5.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

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)Compensation
Dr Chares West Jr
VP
$321,763
Robert Clauser
VP
$205,409
Tremonteo Crawford
VP
$196,238
Barbara Wolfe
VP
$178,543
Loretta Long
VP
$156,239
Lisa Hampton
Director
$152,861

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Cone Health
Hospitalist,lab,pharm,mgt Fee
$4,507,927
Nelson Mullins Riley Scarborough A07081
Legal Services
$2,150,310
Ankura Consulting Group
Consulting
$2,228,210
Trimedx Inc
Repairs And Maintenace
$1,226,103
Houlihan Lokey Capital Inc
Consulting
$1,104,708
View All Vendors

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$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$81,442,252
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

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Randolph Hospital Inc has recieved totaling $9,842.

Awarding OrganizationAmount
Central Carolina Health Network

Greensboro, NC

PURPOSE: CASE MANAGEMENT, STRMU

$4,921
Central Carolina Health Network

Greensboro, NC

PURPOSE: CASE MANAGEMENT, STRMU

$4,921
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,634,877
Ending Balance$1,634,877

Peer Organizations

Organization NameAssets
First Health Of The Carolinas Inc
Pinehurst, NC
$986,400,718
Mary Washington Healthcare
Fredericksburg, VA
$863,388,863
Mountain States Health Alliance
Johnson City, TN
$805,201,599
Baptist Memorial Hospital
Memphis, TN
$770,663,628
Medical Center Of Central Georgia Inc
Macon, GA
$800,413,800
Mcleod Regional Medical Center Of The Pee Dee Inc
Florence, SC
$796,571,278
St Francis Hospital Inc
Greenville, SC
$752,202,599
Phoebe Putney Memorial Hospital Inc
Albany, GA
$712,342,689
Cobb Hospital
Marietta, GA
$857,038,951
Anmed Health
Anderson, SC
$728,404,682
Gaston Memorial Hospital Inc
Gastonia, NC
$665,062,443
University Health Services Inc
Augusta, GA
$598,292,806

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