Presbyterian Medical Care Corp
- Assets
- $0.0
- Revenue
- $22.5m
- Investments
- $0.0
- Employees
- 1,472
- Location
- Winston Salem, NC
- Founding
- 09/1984
- Data as of
- 01/2023
- EIN
- 56-1376368
Organization Overview
Presbyterian Medical Care Corp, operating under the name Novant Health Matthews Medical Center, is located in Winston Salem, NC. The organization was established in 1984. 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 12/2022, Novant Health Matthews Medical Center employed 1,472 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Novant Health Matthews 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 01/2023, Novant Health Matthews Medical Center generated $22.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (24.4%) each year. All expenses for the organization totaled $20.5m during the year ending 01/2023. As we would expect to see with falling revenues, expenses have declined by (22.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Novant Health Matthews Medical Center has awarded 68 individual grants totaling $1,671,016. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESBYTERIAN MEDICAL CARE CORPORATION ("PMCC"), DOING BUSINESS AS NOVANT HEALTH MATTHEWS MEDICAL CENTER, IS DEDICATED TO SUPPORTING THE HEALTH AND WELFARE OF THE RESIDENTS OF THE COMMUNITIES SERVED BY THE ORGANIZATION. PMCC MAINTAINS AN OPEN DOOR POLICY, ACCEPTING ALL PATIENTS REGARDLESS OF THEIR ABILITY TO PAY. DURING 2022, PMCC HAD 157 LICENSED BEDS, WITH 46,543 PATIENT DAYS AND AN AVERAGE LENGTH OF STAY OF 4 DAYS. THE AVERAGE DAILY CENSUS WAS 128, AND THERE WERE 10,422 DISCHARGES. THERE WERE 5,404 INPATIENT AND OUTPATIENT SURGERIES, 35,500 EMERGENCY DEPARTMENT VISITS AND 98,510 OUTPATIENT ENCOUNTERS.
PRESBYTERIAN MEDICAL CARE CORPORATION ("PMCC"), DOING BUSINESS AS NOVANT HEALTH MATTHEWS MEDICAL CENTER, WAS DEDICATED TO SUPPORTING THE HEALTH AND WELFARE OF THE RESIDENTS OF THE COMMUNITIES SERVED BY THE ORGANIZATION. PMCC MAINTAINED AN OPEN DOOR POLICY, ACCEPTING ALL PATIENTS REGARDLESS OF THEIR ABILITY TO PAY. IN JANUARY 2023, PMCC CONVERTED TO A LIMITED LIABILITY COMPANY WHOLLY OWNED BY NOVANT HEALTH, INC., A TAX-EXEMPT HEALTHCARE ORGANIZATION, AND ALL CONTINUING OPERATIONS ARE REPORTED ON THE NOVANT HEALTH, INC.'S FORM 990.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Voellinger MD Trustee | Trustee | 0.2 | $0 |
Saad Ehtisham SVP & Pres Nhpmc&gcm / Trustee | Trustee | 0.2 | $0 |
Kimberly Case MD Trustee | Trustee | 0.2 | $0 |
Kate Hatcher MD Trustee | Trustee | 0.2 | $0 |
Daniel Cottingham Trustee | Trustee | 0.2 | $0 |
Joni Davis Trustee | Trustee | 0.2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aya Healthcare Inc Travel Nursing Services | 12/30/22 | $21,400,309 |
Vannoy Construction Construction Services | 12/30/22 | $6,550,955 |
Mcculloch England Associates Architects Construction Services | 12/30/22 | $3,210,932 |
Morrison Healthcare Food Management Services | 12/30/22 | $3,118,002 |
Trimedx Inc Clinical Engineering Services | 12/30/22 | $2,369,818 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $155,795 |
| Government grants | $1,366,979 |
| 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 | $155,795 |
| Total Program Service Revenue | $22,264,074 |
| Investment income | $18,167 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,594 |
| Net Gain/Loss on Asset Sales | $26,137 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,497,521 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $345,615 |
| Grants and other assistance to domestic individuals. | $106,695 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $615,251 |
| Compensation of current officers, directors, key employees. | $615,251 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,162,748 |
| Pension plan accruals and contributions | $280,764 |
| Other employee benefits | $910,479 |
| Payroll taxes | $432,561 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $2,366,440 |
| Advertising and promotion | $3,770 |
| Office expenses | $48,922 |
| Information technology | $168,973 |
| Royalties | $0 |
| Occupancy | $350,985 |
| Travel | $1,002 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $835 |
| Interest | $212,562 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $685,024 |
| Insurance | $139,651 |
| All other expenses | $533,634 |
| Total functional expenses | $20,468,721 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $0 |
Grants Awarded
Over the last fiscal year, Presbyterian Medical Care Corp has awarded $320,355 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
BRIGHT BLESSINGS PURPOSE: COMMUNITY OUTREACH | $17,100 |
CHRIST OUR SHEPHERD MINISTRIES INC PURPOSE: COMMUNITY OUTREACH | $15,000 |
COMMUNITY HEALTH SERVICES OF UNION COUNTY INC PURPOSE: COMMUNITY OUTREACH | $15,000 |
COUNCIL ON AGING IN UNION COUNTY PURPOSE: COMMUNITY OUTREACH | $15,000 |
MATTHEWS ALIVE INC PURPOSE: COMMUNITY OUTREACH | $27,000 |
MATTHEWS ATHLETIC & RECREATION ASSOCIATION PURPOSE: COMMUNITY OUTREACH | $12,500 |