Totals
- Total revenue
- $23,183,032
- Total expenses
- $7,249,534
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $17,371,126
- Investment income
- $5,787,321
- Other revenue
- $24,585
- Total assets, end of year
- $126,505,390
- Total liabilities, end of year
- $23,675,611
- Net assets or fund balances, end of year
- $102,829,779
- Program services expenses (Part IX)
- $46,645
- Management and general expenses
- $7,202,889
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $46,645
Program services were 0.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: MEDICARE/MEDICAID ADJUSTMENTS
total $14,799,711 · related or exempt $14,799,711
-
2b · Program service revenue: JOINT VENTURE INCOME
total $2,501,855 · related or exempt $1,477,724 · unrelated business $1,024,131
-
2c · Program service revenue: DRUG PROGRAM REIMBURSEMENT
total $69,560 · related or exempt $69,560
-
3 · Investment income
total $5,787,321 · excluded $5,787,321
-
11a · Other revenue: OTHER REFUNDS
total $24,585 · related or exempt $24,585
-
11e · Other revenue, total
$24,585
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $442,486 · management and general $442,486
-
11b · Fees: legal
total $4,479,467 · management and general $4,479,467
-
11c · Fees: accounting
total $200,181 · management and general $200,181
-
11f · Fees: investment management
total $2,217 · management and general $2,217
-
11g · Fees: other
total $1,274,496 · management and general $1,274,496
-
13 · Office expenses
total $56,264 · management and general $56,264
-
17 · Travel
total $8,189 · management and general $8,189
-
23 · Insurance
total $724,778 · management and general $724,778
-
24a · Other expenses: MEDICAID & MEDICARE ADJ
total $26,561 · program services $26,561
-
24b · Other expenses: INCOME AND OTHER TAXES
total $15,471 · program services $15,471
-
24c · Other expenses: LITIGATION SETTLEMENTS
total $4,613 · program services $4,613
-
24e · All other expenses
total $14,811 · management and general $14,811
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $110,644,753 · end of year $121,170,200
-
4 · Accounts receivable
beginning of year $1,820,182 · end of year $2,518,291
-
9 · Prepaid expenses and deferred charges
beginning of year $1,387,381 · end of year $1,205,856
-
13 · Investments: program-related
beginning of year $1,958,021 · end of year $1,611,043
-
17 · Accounts payable and accrued expenses
beginning of year $345,590 · end of year $2,181,751
-
25 · Other liabilities
beginning of year $28,588,250 · end of year $21,493,860
-
27 · Net assets without donor restrictions
beginning of year $86,876,497 · end of year $102,829,779
Mission and programs · 2023
Mission
THE ORGANIZATION'S MISSION IS TO OPERATE AN INTEGRATED HEALTH DELIVERY SYSTEM FOR THE BENEFIT OF THE RESIDENTS OF WESTERN NORTH CAROLINA. THE ORGANIZATION'S OPERATIONS CEASED DUE TO SALE OF A SUBSTANTIAL PORTION OF ITS ASSETS ON 2/1/19.
Activities or mission (Part I)
SEE FORM 990, PART III, LINE 1.
-
THE ENTITY SOLD THE OPERATING FACILITIES OF THE HEALTH SYSTEM AND A SUBSTANTIAL PORTION OF THE ASSETS, INCLUDING THOSE OF ITS SUBSIDIARIES, IN A PRIOR YEAR. THE ORGANIZATION CONTINUES TO MAINTAIN OVERSITE OF ITS SUBSIDIARIES DURING THE PROCESS OF LIQUIDATION AND EVENTUAL TERMINATION. CURRENT ACTIVITY INCLUDES WINDING DOWN THE REMAINING AFFAIRS OF THE HEALTH SYSTEM, INCLUDING COLLECTION AND SETTLEMENT OF OUTSTANDING RECEIVABLES AND LIABILITIES, AND DISTRIBUTION OF ASSETS. THE ENTITY IS IN THE PROCESS OF WINDING DOWN FOR EVENTUAL TERMINATION.
Expenses $46,645 · Revenue $17,395,711
As filed on the 2023 return.
Listed in Part VII
-
John W Garrett MDJOHN W GARRETT MD
CHAIR
- Total calculated
- $0
- Hours/week
- 2 + 1.5 related
-
Thomas MaherTHOMAS MAHER
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2 + 1.5 related
-
Suzanne S DeferieSUZANNE S DEFERIE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jeffrey RankinJEFFREY RANKIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David WorleyDAVID WORLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Neil LuriaNEIL LURIA
CEO/CHIEF WIND-DOWN OFFICE
- Total calculated
- $0
- Hours/week
- 10 + 1.5 related
-
Gregory HagoodGREGORY HAGOOD
CHIEF TRANSITION OFFICER
- Total calculated
- $0
- Hours/week
- 2
-
Meg FinneganMEG FINNEGAN
VP HR
- Total calculated
- $0
- Hours/week
- 2
-
Kira AbramovsKIRA ABRAMOVS
CFO & SECRETARY
- Total calculated
- $0
- Hours/week
- 20
-
Paul HoganPAUL HOGAN
CONTROLLER
- Total calculated
- $0
- Hours/week
- 5
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
ANC HIGHLANDS-CASHIERS HOSPITAL INC
501(C)(3) · HOSPITAL · NC · controlled entity
Directly controlled by ANC INC
-
501(C)(3) · HOSPITAL · NC · controlled entity
Directly controlled by ANC INC
-
501(C)(3) · HOSPITAL · NC · controlled entity
Directly controlled by ANC INC
-
501(C)(3) · HOSPITAL · NC · controlled entity
Directly controlled by ANC INC
-
ANC TRANSYLVANIA COMMUNITY HOSPITAL INC
501(C)(3) · HOSPITAL · NC · controlled entity
Directly controlled by ANC INC
-
ANC ANGEL MEDICAL CENTER INC
501(C)(3) · HOSPITAL · NC · controlled entity
Directly controlled by ANC INC
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
HEALTHCARE LIMITED LIABILITY
N/A · RENTAL · NC · 28% owned · share of income $46,407 · share of assets $353,482
-
BLUE RIDGE HOME CARE
N/A · MEDICAL EQUIPMENT SALES · NC · 50% owned · share of income $1,024,057 · share of assets $1,564,893
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
BMH SOLUTIONS INC
C · OPERATIONS SUPPORT · NC · 100% owned · controlled entity
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 August 2025
- IRS schema version
- 2023v6.0
- Source object
- 202532269349301248
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