Pitt County Memorial Hospital Inc
- Assets
- $1.6b
- Revenue
- $1.4b
- Investments
- $660.0m
- Employees
- 15,513
- Location
- Greenville, NC
- Founding
- 09/1953
- Data as of
- 09/2020
- EIN
- 56-0585243
Organization Overview
Pitt County Memorial Hospital Inc, operating under the name Vidant 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 09/2021, Vidant Medical Center employed 15,513 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vidant 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 09/2020, Vidant Medical Center generated $1.4b in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $1.3b during the year ending 09/2020. While expenses have increased by 3.3% 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.
Since 2015, Vidant Medical Center has awarded 16 individual grants totaling $7,726,889. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
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:
Part 3 - Line 4a
CANCER AND CLINICAL SERVICESPCMH (D/B/A VIDANT 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 2021, VMC PERFORMED 3,226,851 LAB TESTS, 129,055 RADIOLOGY CASES, 3,172 PET SCANS, 180 GAMMA KNIFE CASES, AND 187,835 RESPIRATORY TREATMENTS.
SURGICAL SERVICESSURGEONS AT VIDANT 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. VMC SURGICAL SERVICES PERFORMED 23,036 SURGERIES IN FISCAL YEAR 2021.
CARDIOVASCULAR SERVICESVIDANT 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 VMC, THE FIRST FACILITY IN NORTH CAROLINA DEVOTED EXCLUSIVELY TO EDUCATION, RESEARCH, TREATMENT AND PREVENTION OF CARDIOVASCULAR DISEASES. CARDIOVASCULAR SERVICES PERFORMED 72,148 EKGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
W Brian Floyd President | Officer | 40 | $541,368 |
Linda Hofler Senior Vp, Nurse Executive | Officer | 40 | $405,805 |
Tracy Eskra Vp, Med Aff-Clin Effic & Docum | Officer | 40 | $337,873 |
Van Smith Executive VP | Officer | 40 | $313,055 |
Louis Harlow Vp, Operations | Officer | 40 | $238,974 |
Donald Shackelford Svp, Medical Affairs-Former | 0 | $233,401 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Amn Healthcare Inc Temporary Staffing Svc | 9/29/21 | $25,224,503 |
East Carolina Anesthesia Assoc Medical Services | 9/29/21 | $10,728,440 |
East Carolina University School Of Medic Medical Staff Services | 9/29/21 | $23,957,360 |
Metro Aviation Inc Managment Services | 9/29/21 | $9,543,239 |
Specialtycare Cardiovascular Resources Medical Services | 9/29/21 | $4,827,424 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,595,497 |
| Investment income | $41,027,011 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,546,644 |
| Net Gain/Loss on Asset Sales | $1,811,730 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,383,470,656 |
| 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. | $2,513,228 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $365,831,545 |
| Pension plan accruals and contributions | $31,136,075 |
| Other employee benefits | $59,615,234 |
| Payroll taxes | $26,635,698 |
| Fees for services: Management | $883,564 |
| Fees for services: Legal | $240,553 |
| Fees for services: Accounting | $129,040 |
| Fees for services: Lobbying | $66,860 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $310,867,246 |
| Advertising and promotion | $180,211 |
| Office expenses | $2,406,311 |
| Information technology | $2,522,094 |
| Royalties | $0 |
| Occupancy | $15,630,075 |
| Travel | $1,030,617 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $20,777,732 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $47,710,275 |
| Insurance | $12,021,399 |
| All other expenses | $0 |
| Total functional expenses | $1,267,358,447 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $31,107,269 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $231,363,517 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $36,481,752 |
| Prepaid expenses and deferred charges | $7,170,934 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $659,979,728 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $160,635,727 |
| Total assets | $1,573,138,998 |
| Accounts payable and accrued expenses | $229,769,742 |
| 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 | $0 |
| Other liabilities | $50,154,727 |
| Total liabilities | $279,924,469 |
| 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 | $1,293,214,529 |
Grants Awarded
Over the last fiscal year, Pitt County Memorial Hospital Inc has awarded $1,128,633 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Greenville, NC PURPOSE: charitable contribution | $1,030,000 |
Cary, NC PURPOSE: charitable contribution | $58,633 |
Greenville, NC PURPOSE: charitable contribution | $25,000 |
Dallas, TX PURPOSE: charitable contribution | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Pitt County Memorial Hospital Inc has recieved totaling $474,150.
| Awarding Organization | Amount |
|---|---|
Service League Of Greenville Inc Greenville, NC PURPOSE: CANCER CARE | $300,000 |
Service League Of Greenville Inc Greenville, NC PURPOSE: CANCER CARE | $150,000 |
Amyotrophic Lateral Sclerosis Assn Arlington, VA PURPOSE: ANNUAL GRANT PAYMENT FY22 RECOGNIZED TREATMENT CENTER | $10,000 |
Alliance Nctn Foundation Chicago, IL PURPOSE: INSTITUTIONAL SUPPORT FOR CANCER RESEARCH | $7,150 |
Service League Of Greenville Inc Greenville, NC PURPOSE: SCHOLARSHIP FUND | $7,000 |
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 |