Cumberland County Hospital System Inc
- Assets
- $1.5b
- Revenue
- $1.2b
- Investments
- $0.0
- Employees
- 8,179
- Location
- Fayetteville, NC
- Founding
- 02/1969
- Data as of
- 09/2021
- EIN
- 56-0845796
Organization Overview
Cumberland County Hospital System Inc is located in Fayetteville, NC. The organization was established in 1969. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 09/2021, Cumberland County Hospital System Inc employed 8,179 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cumberland County Hospital System 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, Cumberland County Hospital System Inc generated $1.2b in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $1.1b during the year ending 09/2021. While expenses have increased by 4.0% 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, Cumberland County Hospital System Inc has awarded 13 individual grants totaling $1,469,238. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
AS PART OF MEETING THE HEALTH CARE NEEDS OF THE SERVICE AREA, CCHS, INC. ADMITTED 36,296 PATIENTS, PROVIDED 223,701 PATIENT DAYS OF CARE, HAD 176,458 EMERGENCY ROOM VISITS AND HAD OVER 550,000 OUTPATIENT VISITS FOR OTHER SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Haworth MD Physician | 40 | $1,465,760 | |
Michael Nagowski CEO | Officer | 55 | $1,454,312 |
Robert Maughan MD Physician | 40 | $1,404,191 | |
Melissa Stamates Physician | 40 | $930,021 | |
Sandra Williams CFO | Officer | 55 | $869,214 |
Michael Zappa Medical Director | 55 | $734,845 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Amn Healthcare Inc Contract Labor | 9/29/21 | $19,426,039 |
Fresenius Medical Care - Bma Contract Labor | 9/29/21 | $3,501,192 |
Aramark Dallas Lockbox Management Fees | 9/29/21 | $7,664,210 |
Laboratory Corp Contract Labor | 9/29/21 | $2,696,521 |
Allied Universal Security Security Services | 9/29/21 | $3,314,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $298,646 |
| Government grants | $74,947,123 |
| All other contributions, gifts, grants, and similar amounts not included above | $172,920 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $75,418,689 |
| Total Program Service Revenue | $1,111,084,328 |
| Investment income | $12,137,656 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $312,100 |
| Net Gain/Loss on Asset Sales | $3,673,204 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,213,841,835 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $285,000 |
| 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. | $3,811,854 |
| Compensation of current officers, directors, key employees. | $3,811,854 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $420,832,244 |
| Pension plan accruals and contributions | $19,373,742 |
| Other employee benefits | $45,309,008 |
| Payroll taxes | $27,539,607 |
| Fees for services: Management | $7,360,616 |
| Fees for services: Legal | $1,241,298 |
| Fees for services: Accounting | $210,000 |
| Fees for services: Lobbying | $229,106 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $978,244 |
| Office expenses | $4,198,748 |
| Information technology | $17,747,623 |
| Royalties | $0 |
| Occupancy | $8,057,333 |
| Travel | $235,914 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $544,931 |
| Interest | $8,365,644 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,282,321 |
| Insurance | $15,747,159 |
| All other expenses | $96,151,449 |
| Total functional expenses | $1,141,872,968 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $270,882,682 |
| Savings and temporary cash investments | $20,250,854 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $95,221,475 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $15,785,059 |
| Prepaid expenses and deferred charges | $6,804,471 |
| Net Land, buildings, and equipment | $439,311,078 |
| Investments—publicly traded securities | $477,701,598 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $148,800,460 |
| Total assets | $1,474,757,677 |
| Accounts payable and accrued expenses | $150,560,537 |
| Grants payable | $0 |
| Deferred revenue | $7,086,730 |
| Tax-exempt bond liabilities | $152,000,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $188,237,317 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $235,070,387 |
| Total liabilities | $732,954,971 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $741,802,706 |
| Total liabilities and net assets/fund balances | $1,474,757,677 |
Grants Awarded
Over the last fiscal year, Cumberland County Hospital System Inc has awarded $285,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Fayetteville, NC PURPOSE: GENERAL SUPPORT | $240,000 |
Fayetteville, NC PURPOSE: GENERAL SUPPORT | $37,500 |
Fayetteville, NC PURPOSE: GENERAL SUPPORT | $7,500 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Cumberland County Hospital System Inc has recieved totaling $31,000.
| Awarding Organization | Amount |
|---|---|
North Carolina Healthcare Foundation Inc Cary, NC PURPOSE: SUPPORTING UNDERSERVED POPULATIONS DISPROPORTIONATELY AFFECTED BY COVID-19. | $25,000 |
American College Of Cardiology Foundation Washington, DC | | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Memorial Health Care System Inc Chattanooga, TN | $833,500,042 | $655,181,018 |
Wellmont Health System Johnson City, TN | $425,394,041 | $662,198,822 |
Virginia Hospital Center Arlington Health System Arlington, VA | $1,877,524,577 | $673,514,509 |
Floyd Healthcare Management Inc Rome, GA | $548,593,704 | $501,302,033 |
Carilion Services Inc Roanoke, VA | $938,637,589 | $302,052,496 |
Baptist Patient Safety System Inc Memphis, TN | $1,693,307,701 | $249,640,612 |
Northeast Georgia Physicians Group Inc Gainesville, GA | $36,837,609 | $215,954,168 |
Mcleod Health Florence, SC | $136,994,943 | $254,765,554 |
Southeastern Regional Medical Center Lumberton, NC | $385,532,976 | $242,647,882 |
Sentara Healthcare Norfolk, VA | $7,353,677,948 | $1,030,614,538 |
Methodist Lebonheur Healthcare Memphis, TN | $1,862,271,903 | $201,602,096 |
Piedmont Healthcare Inc Atlanta, GA | $1,865,070,040 | $207,681,365 |