Henderson Vance Healthcare Inc
- Assets
- $59.6m
- Revenue
- $9.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Henderson, NC
- Founding
- 05/1993
- Data as of
- 09/2021
- EIN
- 56-0603925
Organization Overview
Henderson Vance Healthcare Inc is located in Henderson, NC. The organization was established in 1993. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Henderson Vance Healthcare 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 09/2021, Henderson Vance Healthcare Inc generated $9.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 35.3% each year . All expenses for the organization totaled $664.0k during the year ending 09/2021. While expenses have increased by 2.8% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
HEALTHCARE SERVICES TO RESIDENTS OF VANCE COUNTY AND SURROUNDING COUNTIES OF FRANKLIN, GRANVILLE AND WARREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MARIA PARHAM HEALTH IS THE REGION'S HEALTHCARE LEADER FULLY ACCREDITED BY THE JOINT COMMISSION AND THE COLLEGE OF AMERICANPATHOLOGISTS, MARIA PARHAM HAS COMBINED THE QUALITIES NECESSARY TO OFFER THE BEST IN COMMUNITY MEDICINE - PHYSICIANS REPRESENTING A WIDERANGE OF SPECIALTIES, HIGHLY TRAINED NURSES AND CUNICAL SPECIALIST, AND THE LATEST TECHNOLOGY MARIA PARHAM HAS THE REGION'S LARGEST ANDMOST COMPREHENSIVE EMERGENCY DEPARTMENT STAFFED BY BOARD CERTIFIED EMERGENCY PHYSICIANS WE OFFER YOU THE LEADING MATERNITY CENTER INTHE FOUR COUNTY AREA AND THE ONLY SPECIAL CARE NURSERY WE HAVE THE LARGEST AND MOST ADVANCED INTENSIVE CARE AND PROGRESSIVE CARESERVICES, WITH 20 PATIENT ROOMS EQUIPPED WITH THE VERY BEST IN TECHNOLOGY AND STAFFED BY SPECIALLY TRAINED NURSES AND PHYSICIANS WE ALSOHAVE THE REGION'S ONLY CARF-ACCREDITED INPATIENT REHABILITATION UNIT TO COMPLEMENT OUR INPATIENT REHAB SERVICES, MARIA PARHAM ALSO OFFERSSTATE OF THE ART PHYSICAL, OCCUPATIONAL, AND SPEECH THERAPY ON AN OUTPATIENT BASIS ADVANCED TECHNOLOGY IS FEATURED IN MARIA PARHAMMEDICAL CENTER'S RADIOLOGY DEPARTMENT WITH TWO CT SCANNERS, MRI, NUCLEAR MEDICINE AND A WOMEN'S DIAGNOSTIC CENTER, NO OTHER HOSPITALIN THE REGION CAN PROVIDE YOU THE LEVEL OF CARE THAT WE OFFER SURGICAL SERVICES IS ANOTHER AREA THAT HAS INVESTED IN THE LATEST MINIMALLYINVASIVE TECHNOLOGY AND SOPHISTICATED EQUIPMENT WITH FIVE OF THE REGIONS NEWEST AND BEST EQUIPPED OPERATING ROOMS AND THE LARGEST GISUITE, MARIA PARHAM PROVIDES YOU WITH EXPERTISE COMPARABLE TO LARGER, ACADEMIC FACILITIES OTHER SERVICES OFFERED INCLUDE CARDIACCATHETERIZATION, SLEEP STUDIES, CARDIOVASCULAR SERVICES AND THE REGION'S ONLY ACCREDITED RESPIRATORY CARE DEPARTMENT MEDICAL ANDRADIATION ONCOLOGY PROGRAMS AFFILIATED WITH DUKE UNIVERSITY HEALTH SYSTEM ARE RECOGNIZED FOR CUTIING EDGE TECHNOLOGY AND SUPERIORCUNICIANS THE ORGANIZATION'S OPERATIONS TRANSFERRED TO A NEW JOINT VENTURE ON NOVEMBER 1, 2011 MARIA PARHAM MEDICAL CENTER, INC (NOWHENDERSON/VANCE HEALTHCARE, INC ) AND ITS AFFILIATED ORGANIZATIONS (WHICH INCLUDE MARIA PARHAM ANESTHESIA AND PHYSIATRY CENTER, INC )ENTERED INTO A TRANSACTION WITH DLP MARIA PARHAM MEDICAL CENTER LLC, A JOINT VENTURE COMPRISED OF MPMC AND DLP HEALTHCARE, LLC DLPHEALTHCARE IS A JOINT VENTURE OF LIFEPOINT HOSPITALS, INC AND DUKE UNIVERSITY HEALTH SYSTEM THE JOINT VENTURE BECAME THE NEW OWNER ANDOPERATOR OF THE HOSPITAL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
W Rodwell Drake Jr MD Treasurer | OfficerTrustee | 1 | $0 |
Woody Caudle Secretary | OfficerTrustee | 1 | $0 |
David Carver Vice Chairman | OfficerTrustee | 1 | $0 |
Robert F Noel Jr MD Chairman | OfficerTrustee | 1 | $0 |
Michael H Brafford Board Member | Trustee | 1 | $0 |
Ruth Jones Board Member | Trustee | 1 | $0 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $8,828,878 |
| Investment income | $625,956 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,496 |
| Net Gain/Loss on Asset Sales | $446,192 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,930,276 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $600,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,399 |
| Fees for services: Accounting | $4,120 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $34,844 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $12,007 |
| All other expenses | $0 |
| Total functional expenses | $663,975 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $612,107 |
| Savings and temporary cash investments | $28,953,450 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $30,052,531 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $59,618,088 |
| Accounts payable and accrued expenses | $0 |
| 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 | $14,976,968 |
| Total liabilities | $14,976,968 |
| Net assets without donor restrictions | $44,641,120 |
| 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 | $59,618,088 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bon Secours - St Francis Medical Center Inc Center Inc Richmond, VA | $0 | $100,867,544 |
Cumberland Medical Center Inc Knoxville, TN | $90,595,447 | $102,035,662 |
Wellstar Atlanta Medical Center Inc Marietta, GA | $0 | $67,312,967 |
Halifax Regional Hospital Inc Norfolk, VA | $49,612,708 | $85,918,796 |
Shore Health Services Inc Newport News, VA | $73,414,092 | $98,574,947 |
Roper St Francis Mount Pleasant Hospital Ladson, SC | $153,353,637 | $99,781,378 |
Southside Community Hospital Inc Farmville, VA | $139,378,592 | $111,131,365 |
Randolph Hospital Inc Asheboro, NC | $0 | $81,442,252 |
Medical Park Hospital Llc Winston Salem, NC | $421,344,895 | $99,381,324 |
Nmc Services Inc Springfield, TN | $98,763,260 | $80,174,862 |
Murphy Medical Center Inc Murphy, NC | $53,187,250 | $64,166,797 |
Mcleod Health Clarendon Florence, SC | $34,703,009 | $59,352,245 |