Davie Medical Center
- Assets
- $200.5m
- Revenue
- $123.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Bermuda Run, NC
- Founding
- 07/2003
- Data as of
- 12/2022
- EIN
- 56-2276994
Organization Overview
Davie Medical Center, operating under the name Atrium Health Wake Forest Baptist Davie Medical Center, is located in Bermuda Run, NC. The organization was established in 2003. According to its NTEE Classification (E20) the organization is classified as: 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. Atrium Health Wake Forest Baptist Davie 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 12/2022, Atrium Health Wake Forest Baptist Davie Medical Center generated $123.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.3% each year . All expenses for the organization totaled $92.3m during the year ending 12/2022. While expenses have increased by 13.5% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE HEALTH, ELEVATE HOPE, AND ADVANCE HEALING FOR ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES A 50 ACUTE CARE BED HOSPITAL PROVIDING MEDICAL, EMERGENCY, AND OUTPATIENT CARE SERVICES TO THE RESIDENTS OF DAVIE COUNTY, NORTH CAROLINA AND SURROUNDING AREAS. THE ORGANIZATION SERVES AS A SATELLITE PROVIDER OF ATRIUM HEALTH WAKE FOREST BAPTIST SPECIALTY SERVICES AT ITS BERMUDA RUN CAMPUS IN BOTH MEDICAL PLAZA ONE AND MEDICAL PLAZA TWO, INCLUDING CARDIAC REHABILITATION, CARDIOLOGY, OPHTHALMOLOGY, GASTROENTEROLOGY, NEUROLOGY, NEUROSURGERY, ORTHOPAEDICS, PULMONOLOGY, PODIATRY, IMAGING, PHYSICAL THERAPY, OCCUPATIONAL THERAPY, ENDOSCOPY, LAB AND PHARMACY. THE ORGANIZATION IS ACCREDITED BY THE JOINT COMMISSION ON ACCREDITATION OF HEALTHCARE ORGANIZATIONS AND HAS BEEN COMMITTED TO SERVING THE HEALTHCARE NEEDS OF DAVIE COUNTY SINCE 2013.DURING TAX YEAR 2022, THE HOSPITAL FACILITY HAD APPROXIMATELY 4,900 PATIENT DAYS, WITH APPROXIMATELY 1,800 INPATIENT ADMISSIONS, 5,300 OUTPATIENT OR CASES AND 26,200 EMERGENCY ROOM VISITS.THE ORGANIZATION PROVIDES NUMEROUS RESOURCES, ACTIVITIES, AND PROGRAMS TO SERVE THE HEALTH NEEDS OF ITS COMMUNITY. THESE PROGRAMS INCLUDE:- BESTHEALTH - A COMMUNITY WELLNESS OUTREACH PROGRAM OF AHWFB OFFERING HEALTH SEMINARS, SCREENINGS, COOKING AND FITNESS CLASSES, ONLINE HEALTH RESOURCES AND A MEMBERSHIP PROGRAM WITH SPECIAL BENEFITS. SEMINARS LED BY EXPERTS FROM AHWFB PROVIDE THE LATEST INFORMATION ABOUT A VARIETY OF HEALTH TOPICS IN TALKS HELD AT CONVENIENT LOCATIONS THROUGHOUT THE COMMUNITY. MEMBERSHIP BENEFITS INCLUDE FREE HEALTH SCREENINGS, WELLNESS CHALLENGES, DISCOUNTS TO PARTICIPATING LOCAL MERCHANTS, E-NEWSLETTERS, AND PRIORITY NOTIFICATION OF EVENTS AND PROGRAMS.- FAITHHEALTHNC - AN INITIATIVE THAT CONNECTS THE CARING STRENGTHS OF CONGREGATIONS, THE CLINICAL EXPERTISE OF PROVIDERS, AND A NETWORK OF COMMUNITY RESOURCES TO EASE THOSE ON THE JOURNEY TO HEALTH AND HEALING, STRENGTHENING COMMUNITIES IN THE PROCESS. THERE ARE TWO FAITHHEALTH CONNECTORS IN DAVIE COUNTY THAT SERVE MARGINALIZED POPULATIONS AND GIVE VOICE TO HEALTH DISPARITIES IN THE COMMUNITIES SURROUNDING AHWFB-DMC. - CAREGIVER ACADEMY - A PROGRAM OFFERING FREE CLASSES TO EDUCATE THE COMMUNITY ON HOW TO PREPARE FOR CAREGIVING AND PROVIDE ASSISTANCE FOR LOVED ONES, INCLUDING FINDING THE RIGHT RESOURCES, BEING YOUR OWN HEALTH CARE ADVOCATE, AND DEALING WITH THE PAPERWORK AND FINANCIALBURDENS.- NURSING APPRENTICESHIPS - IN 2021 THE FILING ORGANIZATION, ATRIUM HEALTH LEXINGTON MEDICAL CENTER (LMC) AND ATRIUM HEALTH WAKE FOREST BAPTIST (AHWFB) ENTERED INTO A PARTNERSHIP WITH DAVIDSON-DAVIE COMMUNITY COLLEGE TO HELP IMPROVE THE NURSING SHORTAGE AFFECTING HEALTH CARE SYSTEMS IN THE REGION. THE PROGRAM IS THE FIRST REGISTERED NURSE APPRENTICESHIP PROGRAM IN NORTH CAROLINA TO BE APPROVED BY THE DEPARTMENT OF LABOR. IN 2022, THE FILING ORGANIZATION, LMC AND ATWFB ENTERED INTO A NEW PARTNERSHIP WITH DAVIDSON-DAVIE COMMUNITY COLLEGE TO CREATE THE LARGEST HEALTHCARE APPRENTICESHIP PROGRAM IN NORTH CAROLINA. STUDENTS WILL BE ABLE TO WORK IN A HEALTHCARE PROFESSION WHILE TAKING COURSES RELATED TO THEIR CAREER GOALS. COURSES ARE AVAILABLE FOR THE FOLLOWING HEALTHCARE PROFESSIONS: MEDICAL ASSISTING, MEDICAL LABORATORY TECHNOLOGY, NURSING, LICENSED PRACTICAL NURSING, PHARMACY TECHNOLOGY, CENTRAL STERILE PROCESSING, SURGICAL TECHNOLOGY, AND NURSE AIDE. THIS PARTNERSHIP BUILDS OFF THE SUCCESS OF THE 2021 COLLABORATION BETWEEN DAVIDSON-DAVIE AND WAKE FOREST BAPTIST TO LAUNCH THE STATE'S FIRST REGISTERED NURSE APPRENTICESHIP PROGRAM. THIS NEW COLLABORATION EXPANDS APPRENTICESHIP OPPORTUNITIES TO OTHER CRITICAL HEALTHCARE FIELDS. THIS UNIQUE PARTNERSHIP NOT ONLY OFFERS STRUCTURE THAT SUPPORTS AND GROWS THE PIPELINE OF HEALTH CARE LEARNERS BUT AFFORDS THE UNIQUE OPPORTUNITY TO ENGAGE IN NEW THOUGHTS REGARDING MODELS OF CARE DESIGN AND LEVERAGE THE ACADEMIC LEARNING HEALTHCARE SYSTEM.IN ADDITION TO COMMUNITY PROGRAMS, THE HOSPITAL REGULARLY REINVESTS FUNDS IN MEDICAL TECHNOLOGIES AND STATE-OF-THE ART EQUIPMENT TO BETTER MEET THE HEALTH NEEDS OF THE COMMUNITY. AHWFB-DMC RECEIVED SEVERAL AWARDS, ACCREDITATIONS, AND ACKNOWLEDGEMENTS DURING THE CALENDAR YEAR, AS FOLLOWS:- NAMED A TOP GENERAL HOSPITAL NATIONALLY BY THE LEAPFROG GROUP, A HEALTH CARE SAFETY AND QUALITY WATCHDOG ORGANIZATION. THIS RECOGNITION IS IN ADDITION TO THE 'A' GRADE THE HOSPITAL RECENTLY RECEIVED IN LEAPFROG'S FALL 2022 HOSPITAL SAFETY GRADES.- NAMED AS A BEST HOSPITAL IN AMERICA BY MONEY, FORMERLY KNOWN AS MONEY MAGAZINE. ONLY SIX HOSPITALS FROM NORTH CAROLINA WERE INCLUDED IN THE LIST OF A TOTAL OF 148 HOSPITALS.- NAMED THE NUMBER 1 PATIENT PICK BY BUSINESS NORTH CAROLINA MAGAINE WITH A PATIENT SCORE OF 91%. THE RANKINGS IN THE STATE ARE BASED ON THE PERCENTAGE OF PATIENTS WHO WOULD RECOMMEND THE HOSPITAL TO OTHERS.- RECEIVED ACCREDITATION FROM THE COLLEGE OF AMERICAN PATHOLOGISTS, THE WORLD'S LARGEST ORGANIZATION OF BOARD-CERTIFIED PATHOLOGISTS AND A LEADING PROVIDER OF LABORATORY ACCREDITATION PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jena Folger Board Member (fr 1/1/22) | Trustee | 2 | $0 |
Michael T Waid Board Member (fr 1/1/22) | Trustee | 2 | $0 |
Deborah Harding Board Member (fr 5/1/22) | Trustee | 2 | $0 |
Kevin P High MD Chair | OfficerTrustee | 1 | $0 |
L Andrew Koman MD Board Member (to 12/31/22) | Trustee | 2 | $0 |
Russell Howerton MD Board Member | Trustee | 0.2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aya Healthcare Inc Healthcare Services | 12/30/22 | $1,366,347 |
Cross Country Staffing Staffing Services | 12/30/22 | $1,290,475 |
Trimedx Holdings Llc Clinical Engineering Services | 12/30/22 | $347,679 |
Blakley Landscape Services Inc Lawn Care Services | 12/30/22 | $273,119 |
Frank L Blum Construction Company Construction Contract Services | 12/30/22 | $177,530 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $524,045 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,820 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $536,865 |
| Total Program Service Revenue | $122,863,938 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $155,114 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $123,555,917 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,000 |
| Grants and other assistance to domestic individuals. | $895 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $282,706 |
| Compensation of current officers, directors, key employees. | $141,353 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $29,372,757 |
| Pension plan accruals and contributions | $1,175,522 |
| Other employee benefits | $4,404,618 |
| Payroll taxes | $1,683,021 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $6,414 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,583,610 |
| Advertising and promotion | $400 |
| Office expenses | $369,248 |
| Information technology | $29,446 |
| Royalties | $0 |
| Occupancy | $5,328,958 |
| Travel | $10,952 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $27,730 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,945,740 |
| Insurance | $154,144 |
| All other expenses | $0 |
| Total functional expenses | $92,256,042 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,527,255 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,466,454 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $8,271,726 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $179,230,855 |
| Total assets | $200,496,290 |
| Accounts payable and accrued expenses | $3,127,134 |
| Grants payable | $0 |
| Deferred revenue | $279,040 |
| 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 | $57,960,520 |
| Total liabilities | $61,366,694 |
| Net assets without donor restrictions | $139,129,596 |
| 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 | $200,496,290 |
Grants Awarded
Over the last fiscal year, Davie Medical Center has awarded $15,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
KIDS & PROS PURPOSE: YOUTH CHARACTER DEVELOPMENT AND SPORTS SKILLS | $10,000 |
DAVIE COMMUNITY FOUNDATION PURPOSE: COMMUNITY SUPPORT | $5,500 |