Columbus Regional Healthcare System
- Assets
- $208.1m
- Revenue
- $138.1m
- Investments
- $0.0
- Employees
- 811
- Location
- Whiteville, NC
- Founding
- 11/1975
- Data as of
- 09/2023
- EIN
- 56-0538020
Organization Overview
Columbus Regional Healthcare System is located in Whiteville, NC. The organization was established in 1975. 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, Columbus Regional Healthcare System employed 811 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Columbus Regional Healthcare System 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, Columbus Regional Healthcare System generated $138.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $129.9m during the year ending 09/2023. While expenses have increased by 5.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SERVING THE CITIZENS BY PROVIDING COMMUNITY SERVICES, HEALTH EDUCATION, AND CHARITY CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE WILL BE THE PRIMARY HEALTHCARE HOME FOR THE CITIZENS OF COLUMBUS COUNTY AND SURROUNDING COMMUNITIES. CRHS WILL ESTABLISH ITSELF AS THE HEALTH SYSTEM OF CHOICE IN COLUMBUS COUNTY BY DEVELOPING LONG-TERM RELATIONSHIPS WITH PATIENTS AND PROVIDERS AND LEVERAGING PARTNERSHIPS AND TECHNOLOGY TO ENSURE EASY, TIMELY ACCESS TO A FULL BREADTH OF CLINICAL SERVICES. CRHS WILL FACILITATE THE COORDINATION OF CARE THAT RESULTS IN EXCELLENT OUTCOMES, HIGH LEVELS OF SATISFACTION AND VALUE FOR THE PATIENT, AND MEASURABLE IMPROVEMENTS IN OUR POPULATION'S HEALTH. OUR VALUES START WITH THE RECOGNITION OF OUR PRIMARY ROLE AS A CARE GIVING HEALTH SYSTEM: THE NEEDS OF OUR PATIENTS COME FIRST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terray Suggs Chairman | OfficerTrustee | 1 | $0 |
Andy Martin Trustee | Trustee | 1 | $0 |
Dr Sam Wheatley Cmo | OfficerTrustee | 12 | $54,750 |
Brent Watts Trustee | Trustee | 1 | $0 |
Dr John Schultz Trustee | Trustee | 1 | $0 |
Carl Meares Jr Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Morrison Healthcare Management Firm | 9/29/23 | $1,889,921 |
Atrium Health Management Firm | 9/29/23 | $3,291,715 |
Crothall Healthcare Management Firm | 9/29/23 | $1,410,740 |
Total Health & Rehab Serv Physical Therapy | 9/29/23 | $1,385,121 |
Simpli Fi Managed Services Agency Labor Firm | 9/29/23 | $1,663,458 |
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 | $95,090 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $95,090 |
| Total Program Service Revenue | $135,031,990 |
| Investment income | $1,713,416 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $90,147 |
| Net Gain/Loss on Asset Sales | $1,168,156 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $13,555 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $138,112,354 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,250 |
| 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. | $1,125,135 |
| Compensation of current officers, directors, key employees. | $1,125,135 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $32,664,905 |
| Pension plan accruals and contributions | $492,150 |
| Other employee benefits | $4,447,726 |
| Payroll taxes | $2,409,125 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $122,162 |
| Fees for services: Accounting | $123,706 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $29,790,608 |
| Advertising and promotion | $37,348 |
| Office expenses | $5,155,371 |
| Information technology | $61,885 |
| Royalties | $0 |
| Occupancy | $1,497,071 |
| Travel | $133,333 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,020,081 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,843,799 |
| Insurance | $1,022,317 |
| All other expenses | $0 |
| Total functional expenses | $129,893,199 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $447,185 |
| Savings and temporary cash investments | $1,026,037 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,186,089 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,588,628 |
| Prepaid expenses and deferred charges | $2,834,022 |
| Net Land, buildings, and equipment | $47,883,181 |
| Investments—publicly traded securities | $32,286,586 |
| Investments—other securities | $0 |
| Investments—program-related | $85,848,917 |
| Intangible assets | $1,991,281 |
| Other assets | $11,998,884 |
| Total assets | $208,090,810 |
| Accounts payable and accrued expenses | $11,952,115 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $19,123,705 |
| 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 | $14,903,341 |
| Total liabilities | $45,979,161 |
| Net assets without donor restrictions | $159,414,314 |
| Net assets with donor restrictions | $2,697,335 |
| 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 | $208,090,810 |
Grants Awarded
Over the last fiscal year, Columbus Regional Healthcare System has awarded $14,730 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
COLUMBUS CHAMBER OF COMMERCE AND TOURISM PURPOSE: OPERATIONAL SUPPORT | $9,730 |
LOWER CAPE FEAR HOSPICE FOUNDATION PURPOSE: OPERATIONAL SUPPORT | $5,000 |