Pitt County Memorial Hospital Inc
- Assets
- $1.7b
- Revenue
- $1.8b
- Investments
- $515.1m
- Employees
- 15,643
- Location
- Greenville, NC
- Founding
- 09/1953
- Data as of
- 09/2023
- EIN
- 56-0585243
Organization Overview
Pitt County Memorial Hospital Inc, operating under the name ECU Health Medical Center, is located in Greenville, NC. The organization was established in 1953. 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, ECU Health Medical Center employed 15,643 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. ECU Health Medical Center 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, ECU Health Medical Center generated $1.8b in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $1.6b during the year ending 09/2023. While expenses have increased by 5.8% 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.
Since 2015, ECU Health Medical Center has awarded 23 individual grants totaling $9,456,464. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ACCESS TO QUALITY MEDICAL SERVICE TO ALL CITIZENS OF PITT COUNTY AND EASTERN NC.
Describe the Organization's Program Activity:
CANCER AND CLINICAL SERVICES: PCMH (D/B/A ECU HEALTH MEDICAL CENTER) CANCER SERVICES INCLUDE THE MOST ADVANCED TREATMENTS FOR THE PEOPLE OF EASTERN NORTH CAROLINA. WE USE THE LATEST TECHNOLOGIES, INCLUDING GAMMA KNIFE RADIOSURGERY, AVAILABLE TO OUR EXPERT MEDICAL STAFF, NURSES AND THERAPISTS. COMBINING NATIONAL TREATMENT PROTOCOLS AND THE HIGHEST STANDARDS OF CLINICAL QUALITY, OUR TEAM OF SPECIALISTS TAKE CARE OF THOUSANDS OF PATIENTS EACH YEAR. IN CANCER AND CLINICAL SERVICES DURING FISCAL YEAR 2023, ECU HEALTH MEDICAL CENTER PERFORMED 2,931,066 LAB TESTS, 145,956 RADIOLOGY CASES, 3,859 PET SCANS, 170 GAMMA KNIFE CASES, AND 190,451 RESPIRATORY TREATMENTS.
SURGICAL SERVICES: SURGEONS AT ECU HEALTH MEDICAL CENTER ARE LEADERS IN THEIR FIELDS. OUR BARIATRIC SURGEONS WERE PIONEERS OF GASTRIC BYPASS SURGERY. OTHER AREAS OF SURGICAL EMPHASIS INCLUDE ORTHOPEDICS, CARDIOTHORACIC, GYNECOLOGY, TRAUMA AND GENERAL SURGERY. ECU HEALTH MEDICAL CENTER SURGICAL SERVICES PERFORMED 28,692 SURGERIES IN FISCAL YEAR 2023.
CARDIOVASCULAR SERVICES: ECU HEALTH MEDICAL CENTER PROVIDES PATIENTS WITH THE LATEST TREATMENTS AND TECHNOLOGY AVAILABLE. WE HAVE NATIONALLY AND INTERNATIONALLY RECOGNIZED PHYSICIANS AT THE EAST CAROLINA HEART INSTITUTE, PERFORMING DELICATE HEART SURGERIES AND PROCEDURES USING THE DAVINCI ROBOT. OUR HEART AND VASCULAR SERVICES INCLUDE: STENTS, IMAGING STUDIES, PACEMAKER PLACEMENT, ABLATION, ROBOT-ASSISTED HEART SURGERY, AND HEART FAILURE PROGRAMS. THESE AND MANY MORE SERVICES ARE PROVIDED AT THE EAST CAROLINA HEART INSTITUTE AT ECU HEALTH MEDICAL CENTER, THE FIRST FACILITY IN NORTH CAROLINA DEVOTED EXCLUSIVELY TO EDUCATION, RESEARCH, TREATMENT AND PREVENTION OF CARDIOVASCULAR DISEASES. CARDIOVASCULAR SERVICES PERFORMED 84,948 EKGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Waldrum MD CEO | Trustee | 2 | $0 |
William Floyd Coo/president | Officer | 40 | $640,470 |
Daphne Brewington Thru 523 Svp, Nurse Executive | Officer | 40 | $293,241 |
Donald Smith Executive Vp, Operations | Officer | 40 | $345,753 |
Jennifer Thomas Thru 823 Svp, Financial Services | Officer | 2 | $0 |
Walter Pofahl Svp, Medical Affairs | Officer | 40 | $403,009 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Medical Solutions Llc Temporary Staff Svc | 9/29/23 | $21,148,051 |
Amn Healthcare Inc Temporary Staff Svc | 9/29/23 | $62,281,480 |
East Carolina Univ School Of Medic Medical Staff Svcs | 9/29/23 | $28,787,504 |
Maxim Healthcare Services Llc Temporary Staff Svc | 9/29/23 | $17,626,851 |
Metro Aviation Inc Management Services | 9/29/23 | $12,919,666 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $441,359 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,029,410 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,470,769 |
| Total Program Service Revenue | $1,653,621,340 |
| Investment income | $42,771,114 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,634,961 |
| Net Gain/Loss on Asset Sales | $755,475 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,765,160,562 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $857,125 |
| 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. | $3,691,714 |
| Compensation of current officers, directors, key employees. | $3,691,714 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $467,264,764 |
| Pension plan accruals and contributions | $35,523,019 |
| Other employee benefits | $61,719,145 |
| Payroll taxes | $34,327,225 |
| Fees for services: Management | $1,078,771 |
| Fees for services: Legal | $123,856 |
| Fees for services: Accounting | $201,339 |
| Fees for services: Lobbying | $71,791 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $434,241,406 |
| Advertising and promotion | $299,879 |
| Office expenses | $3,022,325 |
| Information technology | $4,302,566 |
| Royalties | $0 |
| Occupancy | $16,805,374 |
| Travel | $1,195,262 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $20,341,344 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $47,811,168 |
| Insurance | $12,617,039 |
| All other expenses | $0 |
| Total functional expenses | $1,643,233,968 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $14,261,974 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $341,391,704 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $43,647,155 |
| Prepaid expenses and deferred charges | $7,898,504 |
| Net Land, buildings, and equipment | $445,452,258 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $515,074,481 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $305,628,545 |
| Total assets | $1,673,354,621 |
| Accounts payable and accrued expenses | $287,155,706 |
| 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 | $11,957,481 |
| Other liabilities | $65,755,245 |
| Total liabilities | $364,868,432 |
| Net assets without donor restrictions | $1,308,486,189 |
| 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 | $1,673,354,621 |
Grants Awarded
Over the last fiscal year, Pitt County Memorial Hospital Inc has awarded $856,375 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ECU HEALTH FOUNDATION PURPOSE: CHARITABLE DONATION | $845,000 |
BEAUFORT COUNTY COMMUNITY COLLEGE PURPOSE: SCHOLARSHIP FUND DONATION | $6,000 |
GREENVILLE-PITT CO CHAMBER OF COMMERCE PURPOSE: COMMUNITY EVENTS SPONSORSHIP | $5,375 |