Caldwell Memorial Hospital Inc
- Assets
- $106.2m
- Revenue
- $140.7m
- Investments
- $6.4m
- Employees
- 1,047
- Location
- Lenoir, NC
- Founding
- 06/1952
- Data as of
- 06/2020
- EIN
- 56-0554202
Organization Overview
Caldwell Memorial Hospital Inc is located in Lenoir, NC. The organization was established in 1952. 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 06/2021, Caldwell Memorial Hospital Inc employed 1,047 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Caldwell Memorial Hospital 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 06/2020, Caldwell Memorial Hospital Inc generated $140.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $141.9m during the year ending 06/2020. While expenses have increased by 2.6% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SAFE, EFFECTIVE, COMPASSIONATE CARE AND TO PROMOTE HEALTHY LIFESTYLES TO OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SINCE OPENING IN 1951, CALDWELL MEMORIAL HOSPITAL HAS CONTINUED TO GROW AND CHANGE IN ORDER TO BETTER MEET THE NEEDS OF OUR COMMUNITY. THE MISSION OF CALDWELL MEMORIAL HOSPITAL IS TO PROVIDE SAFE, EFFECTIVE, COMPASSIONATE CARE AND TO PROMOTE HEALTHY LIFESTYLES TO OUR COMMUNITY. ANCHORED BY A 137-BED ACUTE CARE FACILITY, CALDWELL MEMORIAL HOSPITAL'S SERVICES INCLUDE A VAST ARRAY OF MEDICAL AND SURGICAL SERVICES. AMONG SERVICES OFFERED, BUT BY NO MEANS A COMPLETE LIST, ARE CAROTID ARTERY STENTING; CARDIOVASCULAR AND ENDOVASCULAR CARE; RADIATION ONCOLOGY; COMPUTER-ASSISTED ORTHOPEDIC SURGERY; NEUROLOGY AND MEMORY CARE; PAIN MANAGEMENT; A FULLY STAFFED 24-HOUR EMERGENCY DEPARTMENT; CALDWELL PHYSICIANS CLINICS CONVENIENTLY LOCATED COUNTY-WIDE; DIAGNOSTIC SERVICES; OUTPATIENT SURGERY; PLUS URGENT CARE; AND THE QUEST 4 LIFE WELLNESS CENTER. MULTIPLE EDUCATIONAL AND COUNSELING PROGRAMS ARE AVAILABLE FOR A WIDE ARRAY OF HEALTHCARE NEEDS INCLUDING CANCER, DIABETES, NUTRITION, JOINT CARE, PRE-NATAL CLASSES AND PARENTING SKILLS. IN LATE DECEMBER 2019, CALDWELL STARTED A 2 CHAMBER HYPERBARIC SERVICE AS PART OF THE WOUND CARE PROGRAM. CALDWELL PHYSICIANS IS A DIVISION OF CALDWELL MEMORIAL HOSPITAL. WITH PRACTICES IN COMMUNITIES COUNTYWIDE, CALDWELL PHYSICIANS PROVIDES THE PRIMARY AND SPECIALTY HEALTHCARE, DIAGNOSTICS AND TREATMENTS THAT OUR COMMUNITY NEEDS IN CONVENIENT LOCATIONS NEAR THEIR HOMES. CALDWELL PHYSICIANS INCLUDES: ANDERSON MEDICAL PARK, ANDERSON PLUS URGENT CARE, BLOWING ROCK MEDICAL, BLOWING ROCK PLUS URGENT CARE, LAUREL PARK WOMEN'S HEALTH - LENOIR, LAUREL PARK WOMEN'S HEALTH - GRANITE FALLS, MULBERRY PEDIATRICS, ROBBINS MEDICAL PARK, ROBBINS PULMONOLOGY, ROBBINS EAR, NOSE, THROAT AND ALLERGY, ROBBINS PLUS URGENT CARE, ROBBINS CARDIOLOGY, ROBBINS SURGICAL, SOUTHFORK MEDICAL PARK, RIVERCREST MEDICAL PARK, RIVERCREST PLUS URGENT CARE, THE FALLS PEDIATRICS, WESTPOINTE MEDICAL PRACTICE, CALDWELL UROLOGY ASSOCIATES, CALDWELL FOOT & ANKLE, AND THE FALLS PEDIATRICS PLUS URGENT CARE. IN SPRING 2020, CALDWELL EMPLOYED AN ORTHOPEDIST TO JOIN CALDWELL PHYSICIAN NETWORK IN THE PODIATRY CLINIC KNOWN AS UNC ORTHO. THE ORTHOPEDIST OFFERS GENERAL ORTHOPEDICS WITH FOCUS ON HANDS. IN RESPONSE TO THE 2020 GLOBAL PANDEMIC, CALDWELL OPENED TWO RESPIRATORY DIAGNOSTIC CENTERS (RDC) IN THE COUNTY FOR COVID-19 TESTING. ONE CENTER IN LENOIR AND THE OTHER IN GRANITE FALLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Hathorn Medical Practice Physician | 60 | $808,149 | |
Randal Bast Medical Practice Physician | 60 | $644,795 | |
Ralph Duckett Medical Practice Physician | 60 | $643,599 | |
Jenyung Chiu Medical Practice Physician | 60 | $587,748 | |
David Cook Medical Practice Physician | 60 | $471,337 | |
David A Lowry Cmo | Officer | 60 | $421,755 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
David E Looper Company Inc Construction | 6/29/21 | $2,366,923 |
Enduracare Acute Care Services Therapy Program Mgmt | 6/29/21 | $1,196,299 |
Mountain Emergency Physicians Physician Services | 6/29/21 | $1,946,938 |
Hayes Locums Llc Staffing | 6/29/21 | $719,413 |
Weatherby Locums Inc Staffing | 6/29/21 | $650,467 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,800,860 |
| Investment income | -$409,266 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $702,133 |
| 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 | $140,717,562 |
| 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. | $1,828,439 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $52,133,388 |
| Pension plan accruals and contributions | $935,547 |
| Other employee benefits | $7,918,092 |
| Payroll taxes | $3,586,712 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $452,034 |
| Fees for services: Accounting | $40,141 |
| Fees for services: Lobbying | $17,721 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,691,258 |
| Advertising and promotion | $152,749 |
| Office expenses | $978,906 |
| Information technology | $1,226 |
| Royalties | $0 |
| Occupancy | $4,478,762 |
| Travel | $537,376 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,235 |
| Interest | $40,924 |
| Payments to affiliates | $1,282,548 |
| Depreciation, depletion, and amortization | $7,140,272 |
| Insurance | $831,396 |
| All other expenses | $0 |
| Total functional expenses | $141,876,755 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,845,403 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,451,810 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,015,105 |
| Prepaid expenses and deferred charges | $2,345,904 |
| Investments—publicly traded securities | $1,500,831 |
| Investments—other securities | $6,429,589 |
| Investments—program-related | $241,551 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $106,154,351 |
| Accounts payable and accrued expenses | $22,430,646 |
| Grants payable | $0 |
| Deferred revenue | $12,557,406 |
| 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 | $1,033,781 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,125,418 |
| Total liabilities | $38,147,251 |
| 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 | $68,007,100 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Caldwell Memorial Hospital Inc has recieved totaling $285,059.
| Awarding Organization | Amount |
|---|---|
Duke Endowment Charlotte, NC PURPOSE: TO TEST AN INNOVATIVE VIRTUAL CARE MODEL THAT PROVIDES ACCESS TO OUTPATIENT MENTAL HEALTH SERVICES IN A RURAL COMMUNITY. | $250,000 |
C L Robbins Foundation Tuw Fbo Dr C L Robbins 1013061348 Las Vegas, NV PURPOSE: SCHOLARSHIP | $35,059 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
First Health Of The Carolinas Inc Pinehurst, NC | $1,544,188,654 | $986,400,718 |
Mary Washington Healthcare Fredericksburg, VA | $593,675,918 | $863,388,863 |
Mountain States Health Alliance Johnson City, TN | $556,120,495 | $805,201,599 |
Baptist Memorial Hospital Memphis, TN | $691,981,947 | $770,663,628 |
Medical Center Of Central Georgia Inc Macon, GA | $1,397,526,718 | $800,413,800 |
Mcleod Regional Medical Center Of The Pee Dee Inc Florence, SC | $2,090,467,381 | $796,571,278 |
St Francis Hospital Inc Greenville, SC | $778,217,234 | $752,202,599 |
Phoebe Putney Memorial Hospital Inc Albany, GA | $729,879,818 | $712,342,689 |
Cobb Hospital Marietta, GA | $403,732,052 | $857,038,951 |
Anmed Health Anderson, SC | $1,245,907,620 | $728,404,682 |
Gaston Memorial Hospital Inc Gastonia, NC | $627,844,903 | $665,062,443 |
University Health Services Inc Augusta, GA | $1,020,272,774 | $598,292,806 |