Caldwell Memorial Hospital Inc
- Assets
- $123.3m
- Revenue
- $192.0m
- Investments
- $4.9m
- Employees
- 1,195
- Location
- Lenoir, NC
- Founding
- 06/1952
- Data as of
- 06/2023
- EIN
- 56-0554202
Organization Overview
Caldwell Memorial Hospital Inc, operating under the name Unc Health Caldwell, 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 06/2023, Unc Health Caldwell employed 1,195 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Unc Health Caldwell 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 06/2023, Unc Health Caldwell generated $192.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $188.9m during the year ending 06/2023. While expenses have increased by 5.6% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
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:
SINCE OPENING IN 1951, CALDWELL MEMORIAL HOSPITAL, INC. HAS CONTINUED TO GROW AND CHANGE IN ORDER TO BETTER MEET THE NEEDS OF OUR COMMUNITY. THE MISSION OF CALDWELL MEMORIAL HOSPITAL, INC. 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, INC.'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 AND JOINT CARE, AMONG OTHERS. IN JULY OF 2020 THE NEW STATE OF THE ART JONAS HILL HOSPITAL AND CLINIC, A DIVISION OF CALDWELL MEMORIAL HOSPITAL, INC., WAS OPENED ADJACENT TO THE HOSPITAL. THE INPATIENT DIVISION OF JONAS HILL HAS 27 BEDS FOR ADULT INPATIENT BEHAVIORIAL HEALTH HOSPITALIZATION AND IS EQUIPPED TO TREAT A WIDE VARIETY OF CONDITIONS INCLUDING BUT NOT LIMITED TO ANXIETY, ATTENTION DEFICIT HYPERACTIVITY DISORDER, BIPOLAR DISORDER, DEPRESSION, POST-TRAUMATIC STRESS DISORDER AND SCHIZOPHRENIA. THE FACILITY FEATURES A UNIQUE OUTDOOR AREA THAT ALLOWS PATIENTS TO EXERCISE, MEDITATE AND ENJOY SOME FRESH AIR. IN THE SUMMER OF 2021, AN OUTPATIENT CLINIC WAS OPENED TO COMPLEMENT AND ADD TO THE SERVICES PROVIDED BY JONAS HILL. THE CLINIC OFFERS CONTINUING CARE FOR ADULT INPATIENTS AS WELL AS OUTPATIENT CARE FOR ADOLESCENTS. THE CLINIC PROVIDES SUPPORT FOR PATIENTS AND FAMILIES DURING THEIR RECOVERY. SERVICES PROVIDED INCLUDE BUT ARE NOT LIMITED TO MEDICATION MANAGEMENT; INDIVIDUAL THERAPY AND COUNSELING; GROUP THERAPY AND COUNSELING; AND FAMILY THERAPY AND COUNSELING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Hathorn Medical Practice Physician | 60 | $1,118,930 | |
Jenyung Chiu Medical Practice Physician | 60 | $1,040,368 | |
Justin Walker Medical Practice Physician | 60 | $768,977 | |
Ralph Duckett Medical Practice Physician | 60 | $653,345 | |
Randal Bast Medical Practice Physician | 60 | $579,049 | |
Tammy Scarborough Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mountain Emergency Physicians Physician Services | 6/29/23 | $2,921,978 |
Enduracare Acute Care Services Therapy Program Mgmt | 6/29/23 | $1,585,348 |
Keach Construction Inc Construction | 6/29/23 | $1,182,262 |
David E Looper Company Inc Construction | 6/29/23 | $720,298 |
Weatherby Locums Inc Staffing | 6/29/23 | $631,254 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $112,100 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $250,250 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $362,350 |
| Total Program Service Revenue | $188,442,733 |
| Investment income | $427,965 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $541,338 |
| 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 | $191,991,776 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $2,366,212 |
| Compensation of current officers, directors, key employees. | $2,366,212 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $68,430,892 |
| Pension plan accruals and contributions | $1,441,713 |
| Other employee benefits | $10,659,426 |
| Payroll taxes | $4,977,599 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $31,602 |
| Fees for services: Accounting | $101,700 |
| Fees for services: Lobbying | $10,779 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,422,484 |
| Advertising and promotion | $37,910 |
| Office expenses | $1,042,439 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,023,199 |
| Travel | $473,224 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,490 |
| Interest | $333,959 |
| Payments to affiliates | $1,700,813 |
| Depreciation, depletion, and amortization | $9,815,669 |
| Insurance | $977,939 |
| All other expenses | $3,862,107 |
| Total functional expenses | $188,862,859 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,938,839 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25,230,638 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,142,482 |
| Prepaid expenses and deferred charges | $2,483,383 |
| Net Land, buildings, and equipment | $77,171,648 |
| Investments—publicly traded securities | $1,159,424 |
| Investments—other securities | $4,909,219 |
| Investments—program-related | $256,757 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $123,292,390 |
| Accounts payable and accrued expenses | $29,492,530 |
| Grants payable | $0 |
| Deferred revenue | $1,877,662 |
| 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 | $13,581,708 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $731,492 |
| Total liabilities | $45,683,392 |
| Net assets without donor restrictions | $77,608,998 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $123,292,390 |