Hugh Chatham Memorial Hospital Inc
- Assets
- $245.8m
- Revenue
- $158.3m
- Investments
- $0.0
- Employees
- 1,201
- Location
- Elkin, NC
- Founding
- 06/1932
- Data as of
- 09/2023
- EIN
- 56-0642846
Organization Overview
Hugh Chatham Memorial Hospital Inc is located in Elkin, NC. The organization was established in 1932. 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, Hugh Chatham Memorial Hospital Inc employed 1,201 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hugh Chatham 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 09/2023, Hugh Chatham Memorial Hospital Inc generated $158.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $159.6m during the year ending 09/2023. While expenses have increased by 5.0% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE BIRTHING AND ACUTE CARE SERVICES IN ADDITION TO SKILLED NURSING, RETIREMENT COMMUNITY, HOME HEALTH, AND HOSPICE SERVICES PRIMARILY TO THE RESIDENTS OF AND SURROUNDING COUNTIES TO SURRY COUNTY, NORTH CAROLINA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023, HUGH CHATHAM HEALTH CONTINUED THEIR LEGACY OF PROVIDING HEALTHCARE TO ALL WITHIN THE COMMUNITY. THE ORGANIZATION'S VISION, "TO BE THE BEST COMMUNITY HEALTH SYSTEM IN THE NATION WITH SERVICE AS OUR GUIDING PRINCIPLE," DECLARES THAT EVERY MEMBER OF THE TEAM PROVIDES THE HIGHEST LEVEL OF CARE FOR EVERY PATIENT, AT EVERY LOCATION. HUGH CHATHAM MAKES A DIFFERENCE EVERY DAY FOR LOCAL CITIZENS AND EMPLOYERS. THE NONPROFIT HEALTHCARE SYSTEM HAS RECENTLY RECEIVED MANY PRESTIGIOUS AWARDS THAT ACCENTUATE ITS COMMITMENT TO EXCELLENCE.-AMERICAN HEART ASSOCIATION 2023 GET WITH THE GUIDELINES: STROKE GOLD PLUS WITH HONOR ROLL ELITE AND TARGET: TYPE 2 DIABETES-5-STAR AWARD RECIPIENT FOR THE TREATMENT OF DIABETIC EMERGENCIES BY HEALTHGRADES-RECOGNIZED AS A "HOSPITAL AND HEALTH SYSTEM WITH GREAT ORTHOPEDICS PROGRAMS" BY BECKER'S HEALTHCARE-RECOGNIZED AS A "GREAT COMMUNITY HOSPITAL" BY BECKER'S HEALTHCARE-WOMEN'S CHOICE AWARD FOR BEST IN OBSTETRICS AND STROKE CARE FOR 2024IN 2023, HUGH CHATHAM HEALTH - MEDICAL GROUP OPENED A NEW FAMILY MEDICINE LOCATION, OFFERING OB, NEWBORN, PEDIATRIC AND ADULT CARE IN ONE LOCATION. IN ADDITION, THE ORGANIZATION EXPANDED PHYSICIAN PRACTICE HOURS, OCCUPATIONAL MEDICINE PARTNERSHIPS AND SPECIALTY SERVICES, PROVIDING GREATER ACCESS TO HEALTHCARE THROUGHOUT THE AREA. HUGH CHATHAM HEALTH RAISED OVER $11,000 THROUGH EVENTS AND FUNDRAISERS FOR THE HUGH CHATHAM HEALTH STEP-BY-STEP PROGRAM, WHICH ALLOWS INDIVIDUALS TO ATTEND DAILY EXERCISE CLASSES AS PART OF THEIR CARDIAC OR PULMONARY REHABILITATION WITHOUT FINANCIAL BURDEN. THIS FUND ALSO SUPPORTED REPLACING THE MAJORITY OF EQUIPMENT WITHIN THE DEPARTMENT. HUGH CHATHAM CONTINUES TO SUPPORT LOCAL SCHOOL SYSTEMS BY PROVIDING LIFE-SAVING EDUCATION AND EQUIPMENT, SCHOLARSHIP OPPORTUNITIES, AND SPONSORSHIPS FOR HOSA ORGANIZATIONS. IN PARTNERSHIP WITH LOCAL SCHOOL SYSTEMS, NON-PROFIT ORGANIZATIONS, AND THE NC DENTAL SOCIETY FOUNDATION, HUGH CHATHAM ASSISTED WITH VOLUNTEERING AND FUNDING FOR AN EVENT THAT PROVIDED FREE DENTAL CARE TO NEARLY 600 COMMUNITY MEMBERS. HUGH CHATHAM ALSO PARTNERED WITH THE LOCAL POLICE DEPARTMENT IN HOSTING A DRUG TAKEBACK DAY, ALLOWING RESIDENTS TO DISPOSE OF UNNEEDED PRESCRIPTION DRUGS, SAFELY AND ANONYMOUSLY.HUGH CHATHAM CONTINUES TO PROVIDE A VIRTUAL CARE PLATFORM, CARING FOR PATIENTS WHO ARE UNABLE TO ATTEND A PHYSICAL VISIT OR ARE OTHERWISE HOME-BOUND. HUGH CHATHAM VIRTUAL CARE ALLOWS ACCESS TO PROVIDERS VIA WEBSITE OR APPLICATION.A COMPLETE LISTING OF SERVICES IS AVAILABLE ON THE HEALTH SYSTEM'S WEBSITE AT WWW.HUGHCHATHAM.ORG. FOR REAL-TIME UPDATES AND STORIES ABOUT THE PEOPLE WHO MAKE THIS HEALTH SYSTEM SUCCESSFUL, VISIT HUGH CHATHAM HEALTH ON FACEBOOK, INSTAGRAM, TWITTER AND LINKEDIN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Ashman Asst. Secretary/asst. Treasurer | OfficerTrustee | 1 | $0 |
Bob Ball Treasurer | OfficerTrustee | 1 | $0 |
Bob Midkiff Board Member | Trustee | 1 | $0 |
Crystal Morphis Board Member | Trustee | 1 | $0 |
Cynthia Gonzalez Vice Chair | OfficerTrustee | 1 | $0 |
David Ackerman DVM Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Qualivis Llc Contract Labor | 9/29/23 | $3,778,129 |
Nurse Anesthesia Of Nc-elkin Contract Labor | 9/29/23 | $957,902 |
Nc Baptist Hospital Medical Services | 9/29/23 | $941,587 |
Cornerstone Health Enablement (Chess) Aco - Health Care Svcs Company | 9/29/23 | $367,534 |
American Red Cross Blood Supplies | 9/29/23 | $334,261 |
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 | $500,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $500,000 |
| Total Program Service Revenue | $131,680,631 |
| Investment income | $3,884,438 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,505,894 |
| Net Gain/Loss on Asset Sales | $20,768,026 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $158,347,937 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $17,807 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,993,813 |
| Compensation of current officers, directors, key employees. | $1,395,669 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $60,745,426 |
| Pension plan accruals and contributions | $849,248 |
| Other employee benefits | $9,302,606 |
| Payroll taxes | $4,136,359 |
| Fees for services: Management | $68,004 |
| Fees for services: Legal | $89,046 |
| Fees for services: Accounting | $170,915 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $577,963 |
| Fees for services: Other | $26,726,797 |
| Advertising and promotion | $672,630 |
| Office expenses | $11,503,031 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,832,782 |
| Travel | $230,435 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,174,780 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,919,835 |
| Insurance | $1,114,773 |
| All other expenses | $1,582,253 |
| Total functional expenses | $159,591,960 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,863,023 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,108,022 |
| Prepaid expenses and deferred charges | $4,612,055 |
| Net Land, buildings, and equipment | $53,128,403 |
| Investments—publicly traded securities | $141,466,443 |
| Investments—other securities | $0 |
| Investments—program-related | $14,082,056 |
| Intangible assets | $0 |
| Other assets | $7,516,059 |
| Total assets | $245,776,061 |
| Accounts payable and accrued expenses | $20,239,576 |
| Grants payable | $0 |
| Deferred revenue | $176,178 |
| Tax-exempt bond liabilities | $47,664,279 |
| 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 | $3,364,242 |
| Total liabilities | $71,444,275 |
| Net assets without donor restrictions | $171,106,374 |
| Net assets with donor restrictions | $3,225,412 |
| 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 | $245,776,061 |