East Carolina Health
- Assets
- $82.5m
- Revenue
- $101.7m
- Investments
- $9.0m
- Employees
- 986
- Location
- Roanoke Rapids, NC
- Founding
- 07/1973
- Data as of
- 09/2019
- EIN
- 56-0989789
Organization Overview
East Carolina Health, operating under the name Vidant North, is located in Roanoke Rapids, NC. The organization was established in 1973. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 09/2019, Vidant North employed 986 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Vidant North 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 09/2019, Vidant North generated $101.7m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $104.6m during the year ending 09/2019. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE HEALTH AND WELL-BEING OF EASTERN NORTH CAROLINA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMPLETED DUE DILIGENCE REQUIREMENTS AND TRANSACTIONS NECESSARY TO MERGE WITH VIDANT HEALTH AS OF JUNE 1, 2019.STROKE PROGRAM IMPLEMENTED.GENERAL SURGEON WAS RECRUITED.ALL COMPUTER SYSTEMS WERE EVALUATED FOR THE VIDANT MERGER AND IMPLEMENTATION OF THE EPIC SYSTEM.GENERATOR REPLACEMENT PROJECT STARTED.REDESIGN OF PSYCH BEHAVIORAL HEALTH UNIT.ACCREDITATION FOR SLEEP LAB AND HOME SLEEP TESTING.PHARMACY CERTIFIED FOR NEW USP 800 STANDARDS.JOINT CARE CENTER WAS RECERTIFIED BY THE JOINT COMMISSION FOR HIP AND KNEE REPLACEMENT PROGRAMS. RURAL HEALTH CENTER CONSTRUCTION WAS COMPLETED ON HRMC CAMPUS.IMPLEMENTED NEW PROCESS FOR USING EMT TRAINED STAFF FOR EMERGENCY PATIENT CARE.NURSE RESIDENCY PROGRAM WAS INITIATED WITH COMMUNITY COLLEGES.HRMC NURSE RECOGNIZED AS ONE OF THE STATE'S GREAT 100 NURSES.340B AUDIT WAS COMPLETED FOR PHARMACY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Mahone CEO | OfficerTrustee | 40 | $0 |
Fannie Greene Chairwoman | Trustee | 1 | $2,100 |
Dr Natarajan Rajan Member | Trustee | 1 | $1,450 |
Evelyn Dawson Member | Trustee | 1 | $1,250 |
Tom Lynch Member | Trustee | 1 | $2,100 |
Dr Lorenzo Santarina Member | Trustee | 1 | $100 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Novant Health Shared Services Management | 9/29/19 | $2,134,079 |
Sodexo Dietary Services | 9/29/19 | $1,687,220 |
Medical Solutions Contract Nursing | 9/29/19 | $1,295,245 |
Therex Inc Dba Rehabcare Pt/st/ot Services | 9/29/19 | $1,106,191 |
Bio-medical Applications Dialysis Svcs | 9/29/19 | $452,093 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $174,864 |
| Investment income | $40,292 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$24,153 |
| Net Gain/Loss on Asset Sales | -$297,026 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $101,675,102 |
| 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. | $437,262 |
| Compensation to disqualified persons | $115,653 |
| Other salaries and wages | $34,849,479 |
| Pension plan accruals and contributions | $1,229,886 |
| Other employee benefits | $5,316,115 |
| Payroll taxes | $2,810,251 |
| Fees for services: Management | $635,955 |
| Fees for services: Legal | $554,635 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,979,246 |
| Advertising and promotion | $228,501 |
| Office expenses | $3,910,565 |
| Information technology | $1,331,243 |
| Royalties | $0 |
| Occupancy | $1,087,481 |
| Travel | $77,079 |
| 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 | $4,083,526 |
| Insurance | $646,714 |
| All other expenses | $0 |
| Total functional expenses | $104,590,665 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,510,587 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,629,557 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,561,550 |
| Prepaid expenses and deferred charges | $1,429,687 |
| Investments—publicly traded securities | $11,361,377 |
| Investments—other securities | $9,001,592 |
| Investments—program-related | $1,384,493 |
| Intangible assets | $0 |
| Other assets | $572,628 |
| Total assets | $82,510,666 |
| Accounts payable and accrued expenses | $15,501,580 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $10,764,171 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,520,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,593,824 |
| Total liabilities | $33,379,575 |
| Net assets without donor restrictions | $49,003,810 |
| Net assets with donor restrictions | $127,281 |
| 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 | $49,131,091 |