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Nonprofiteer
← CHATHAM HOSPITAL INC

Form 990 for tax year 2022

Filed by CHATHAM HOSPITAL INC.

Totals

Total revenue
$52,033,872
Total expenses
$58,243,074
Contributions and grants received
$317,317
Grants paid
$3,250
Program service revenue
$51,137,640
Investment income
$97,432
Other revenue
$481,483
Total assets, end of year
$41,090,209
Total liabilities, end of year
$49,846,467
Net assets or fund balances, end of year
-$8,756,258
Program services expenses (Part IX)
$49,166,973
Management and general expenses
$9,076,101
Fundraising expenses
$0
Program service expenses (Part III)
$49,166,973

Program services were 84.4% 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.

  • 1f · All other contributions, gifts and grants

    $317,317

  • 2a · Program service revenue: PATIENT REVENUE

    total $50,708,885 · related or exempt $50,492,371 · unrelated business $216,514

  • 2b · Program service revenue: OTHER REVENUE

    total $428,755 · related or exempt $238,703 · excluded $190,052

  • 3 · Investment income

    total $97,432 · unrelated business $0 · excluded $97,432

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    real property $469,166

  • 6c · Rental income or loss

    real property $469,166 · personal property $0

  • 6d · Net rental income or loss

    total $469,166 · excluded $469,166

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: CARES ACT STIMULUS

    total $12,317 · related or exempt $12,317

  • 11e · Other revenue, total

    $12,317

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,250 · program services $3,250

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $158,109 · management and general $158,109

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $12,893,784 · program services $11,877,223 · management and general $1,016,561

  • 8 · Pension plan contributions

    total $472,471 · program services $429,948 · management and general $42,523

  • 9 · Other employee benefits

    total $1,689,988 · program services $1,537,889 · management and general $152,099

  • 10 · Payroll taxes

    total $1,058,614 · program services $963,339 · management and general $95,275

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $2,452 · management and general $2,452

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $16,524,927 · program services $15,425,605 · management and general $1,099,322 · fundraising $0

  • 12 · Advertising and promotion

    total $2,453 · program services $2,232 · management and general $221

  • 13 · Office expenses

    total $959,041 · program services $872,727 · management and general $86,314

  • 14 · Information technology

    total $3,900 · program services $3,549 · management and general $351

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $622,062 · program services $566,076 · management and general $55,986

  • 17 · Travel

    total $13,518 · program services $12,301 · management and general $1,217

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $394 · management and general $394

  • 20 · Interest

    total $436,021 · program services $396,779 · management and general $39,242

  • 21 · Payments to affiliates

    total $3,170,677 · program services $3,170,677

  • 22 · Depreciation, depletion and amortization

    total $2,462,392 · program services $2,240,778 · management and general $221,614

  • 23 · Insurance

    total $347,134 · program services $315,892 · management and general $31,242

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $7,841,912 · program services $7,841,912

  • 24b · Other expenses: HOME OFFICE ALLOCATION

    total $6,003,744 · management and general $6,003,744

  • 24c · Other expenses: PATIENT CARE SUPPLIES & SERV

    total $2,779,942 · program services $2,779,942

  • 24d · Other expenses: MINOR EQUIPMENT AND R&M

    total $483,252 · program services $439,759 · management and general $43,493

  • 24e · All other expenses

    total $313,037 · program services $287,095 · management and general $25,942

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $509 · end of year $5,456,773

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $8,580,039 · end of year $12,651,002

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $696,754 · end of year $663,635

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,524,152 · end of year $1,565,670

  • 10a · Land, buildings and equipment: cost or other basis

    $45,762,925

  • 10b · Land, buildings and equipment: accumulated depreciation

    $25,500,807

  • 10c · Land, buildings and equipment, net

    beginning of year $21,530,450 · end of year $20,262,118

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $495,751 · end of year $491,011

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $18,859,775 · end of year $33,232,604

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $1,506,899 · end of year $1,045,557

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $244,572 · end of year $1,162,886

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $15,758,290 · end of year $14,405,420

  • 27 · Net assets without donor restrictions

    beginning of year -$2,541,881 · end of year -$8,756,258

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

TO SUPPORT THE HEALTH AND WELL-BEING OF THOSE WE SERVE THROUGH QUALITY, EQUITABLE HEALTHCARE AND TO BUILD PARTNERSHIPS WITHIN OUR DIVERSE COMMUNITY.

  • CHATHAM HOSPITAL IS A 25-BED CRITICAL ACCESS HOSPITAL LOCATED IN SILER CITY, NC THAT IS PART OF THE UNC HEALTH SYSTEM. WITH A LONG HISTORY OF PROVIDING HIGH QUALITY HEALTH CARE TO THE RESIDENTS OF CHATHAM AND SURROUNDING COUNTIES, CHATHAM HOSPITAL HAS RECEIVED MULTIPLE FIVE-STAR RATINGS FOR PATIENT EXPERIENCE FROM THE CENTERS FOR MEDICARE & MEDICAID SERVICES. THE HOSPITAL, ACCREDITED BY THE JOINT COMMISSION, PROVIDES SURGICAL, MEDICAL, PEDIATRIC, MATERNITY AND EMERGENCY SERVICES. COMMUNITY BASED OUTPATIENT SERVICES IN THE AREA OF DIABETES EDUCATION, LABORATORY, PHYSICAL THERAPY, OCCUPATIONAL THERAPY, SPEECH THERAPY, IMAGING, CARDIAC REHABILITATION AND PULMONARY REHABILITATION ARE ALSO OFFERED. AS A CRITICAL ACCESS HOSPITAL, CHATHAM HOSPITAL IS ABLE TO UTILIZE BEDS, TO NOT ONLY MEET THE NEEDS OF ACUTE PATIENT CARE, BUT TO ALSO PROVIDE POST-ACUTE CARE TO PATIENTS WHO NO LONGER REQUIRE ACUTE MEDICAL CARE, BUT NEED ADDITIONAL TIME AND CARE FOR STRENGTHENING AND RECOVERY BEFORE RETURNING HOME. THE 10-BED EMERGENCY DEPARTMENT PROVIDES FULL-SERVICE AROUND THE CLOCK CARE TO MORE THAN 1,200 ADULTS AND CHILDREN EACH MONTH. UNC HEALTH BASES A HELICOPTER FOR TRANSPORT ON THE GROUNDS OF CHATHAM HOSPITAL. IN SEPTEMBER 2020, CHATHAM HOSPITAL OPENED A $2.6 MILLION MATERNITY CARE CENTER. THE CHATHAM HOSPITAL MATERNITY CARE CENTER IS CLOSE TO HOME AND PROVIDES COMPASSIONATE AND EXPERT CARE FOR MOTHERS AND THEIR NEWBORNS. THE OPENING IS THE FIRST TIME SINCE 1992 THAT CHATHAM HOSPITAL HAS OFFERED MATERNITY SERVICES. DESPITE MANY RURAL HEALTHCARE FACILITIES CLOSING MATERNITY CARE WARDS ACROSS THE NATION, CHATHAM HOSPITAL'S VENTURE IS PART OF UNC HEALTH'S RURAL CARE INITIATIVE. THIS SYSTEM INITIATIVE IS DESIGNED TO BRING MUCH NEEDED SERVICES TO WHERE PATIENTS LIVE.

    Expenses $49,166,973 · Grants $3,250 · Revenue $50,959,905

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Michael Bunch

    CFO

    Total calculated
    $511,749
    From this org
    $0
    From related orgs
    $414,781
    Other
    $96,968
    Hours/week
    15 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $249,928 related
    Bonus
    $0 + $108,022 related
    Other
    $0 + $56,831 related
    Deferred
    $0 + $77,407 related
    Nontaxable benefits
    $0 + $19,561 related
    Filer's total
    $0 + $511,749 related

  • Jeff Strickler

    PRESIDENT & CEO

    Total calculated
    $455,703
    From this org
    $0
    From related orgs
    $342,959
    Other
    $112,744
    Hours/week
    30 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $260,241 related
    Bonus
    $0 + $73,478 related
    Other
    $0 + $9,240 related
    Deferred
    $0 + $99,180 related
    Nontaxable benefits
    $0 + $13,564 related
    Filer's total
    $0 + $455,703 related

  • Matthew Smith

    DIRECTOR

    Total calculated
    $386,754
    From this org
    $0
    From related orgs
    $321,774
    Other
    $64,980
    Hours/week
    2 + 58 related

    Schedule J breakdown matched by us

    Base
    $0 + $196,728 related
    Bonus
    $0 + $64,569 related
    Other
    $0 + $60,477 related
    Deferred
    $0 + $53,458 related
    Nontaxable benefits
    $0 + $11,522 related
    Filer's total
    $0 + $386,754 related

  • Udobi Campbell

    DIRECTOR

    Total calculated
    $365,860
    From this org
    $0
    From related orgs
    $279,087
    Other
    $86,773
    Hours/week
    2 + 58 related

    Schedule J breakdown matched by us

    Base
    $0 + $229,681 related
    Bonus
    $0 + $44,222 related
    Other
    $0 + $5,184 related
    Deferred
    $0 + $77,034 related
    Nontaxable benefits
    $0 + $9,739 related
    Filer's total
    $0 + $365,860 related

  • Jeff Legay

    FORMER CFO

    Total calculated
    $314,669
    From this org
    $0
    From related orgs
    $287,674
    Other
    $26,995
    Hours/week
    0 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $229,487 related
    Bonus
    $0 + $50,751 related
    Other
    $0 + $7,436 related
    Deferred
    $0 + $11,744 related
    Nontaxable benefits
    $0 + $15,251 related
    Filer's total
    $0 + $314,669 related

  • Woodward Burgert III MD

    DIRECTOR

    Total calculated
    $296,089
    From this org
    $0
    From related orgs
    $270,577
    Other
    $25,512
    Hours/week
    2 + 58 related

    Schedule J breakdown matched by us

    Base
    $0 + $222,816 related
    Bonus
    $0 + $47,761 related
    Other
    $0
    Deferred
    $0 + $6,895 related
    Nontaxable benefits
    $0 + $18,617 related
    Filer's total
    $0 + $296,089 related

  • Tammy Needham

    FORMER COO & CNO

    Total calculated
    $261,077
    From this org
    $245,620
    From related orgs
    $0
    Other
    $15,457
    Hours/week
    0 + 60 related

    Schedule J breakdown matched by us

    Base
    $200,005
    Bonus
    $45,304
    Other
    $311
    Deferred
    $7,350
    Nontaxable benefits
    $8,107
    Filer's total
    $261,077

  • Eric Wolak

    COO & CNO

    Total calculated
    $246,184
    From this org
    $0
    From related orgs
    $223,901
    Other
    $22,283
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $0 + $177,184 related
    Bonus
    $0 + $46,717 related
    Other
    $0
    Deferred
    $0 + $5,540 related
    Nontaxable benefits
    $0 + $16,743 related
    Filer's total
    $0 + $246,184 related

  • Jami Mann

    DIR. OF VIRTUAL CARE SVCS

    Total calculated
    $210,277
    From this org
    $178,455
    From related orgs
    $0
    Other
    $31,822
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $158,403
    Bonus
    $19,812
    Other
    $240
    Deferred
    $23,995
    Nontaxable benefits
    $7,827
    Filer's total
    $210,277

  • Donna Sessoms

    DIRECTOR OF SURGICAL SERVICES

    Total calculated
    $188,460
    From this org
    $143,624
    From related orgs
    $0
    Other
    $44,836
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $108,986
    Bonus
    $20,827
    Other
    $13,811
    Deferred
    $37,009
    Nontaxable benefits
    $7,827
    Filer's total
    $188,460

  • Scott Ratcliff

    DIRECTOR OF IMAGING SERVICES

    Total calculated
    $153,693
    From this org
    $128,594
    From related orgs
    $0
    Other
    $25,099
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $103,747
    Bonus
    $12,370
    Other
    $12,477
    Deferred
    $17,272
    Nontaxable benefits
    $7,827
    Filer's total
    $153,693

  • Allison Bolin

    DIRECTOR OF BUSINESS OPERATION

    Total calculated
    $153,269
    From this org
    $126,209
    From related orgs
    $0
    Other
    $27,060
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $112,280
    Bonus
    $13,929
    Other
    $0
    Deferred
    $1,986
    Nontaxable benefits
    $25,074
    Filer's total
    $153,269

  • Michelle Jones

    NURSING ADMINISTRATOR

    Total calculated
    $151,770
    From this org
    $126,696
    From related orgs
    $0
    Other
    $25,074
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $122,728
    Bonus
    $3,968
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $25,074
    Filer's total
    $151,770

  • Rachel Brewer

    ADMIN COORDINATOR/NURSING

    Total calculated
    $137,704
    From this org
    $122,729
    From related orgs
    $0
    Other
    $14,975
    Hours/week
    40

  • Meghan McCann

    DIRECTOR

    Total calculated
    $122,048
    From this org
    $0
    From related orgs
    $76,838
    Other
    $45,210
    Hours/week
    2 + 58 related

  • Amir Aghajanian MD

    DIRECTOR

    Total calculated
    $16,730
    From this org
    $16,730
    From related orgs
    $0
    Other
    $0
    Hours/week
    60

  • Angelynn McClary

    DIRECTOR/CHAIRMAN

    Total calculated
    $0
    Hours/week
    5

  • Mark Hall

    DIRECTOR/VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    5

  • Andrew Hannapel

    Director/CMO

    Total calculated
    $0
    Hours/week
    60

  • Paul Cuadros

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Cody Deen MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Misty Drake

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Franklin Gomez-Flores

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Etta Foushee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Derrick Mangum

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jennifer Platt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • David Poe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Anne Schwankl

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dennis Streets

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

schedule j, Part I, Line 6:
EMPLOYEES IN MANAGERIAL ROLES PARTICIPATE IN AN INCENTIVE COMPENSATION PLAN APPROVED ANNUALLY BY THE UNC HCS BOARD OF DIRECTORS. THE COMPENSATION EARNED UNDER THIS PLAN IS BASED PARTLY ON THE NET EARNINGS OF THE ORGANIZATION AND THE UNC HCS. OTHER PERFORMANCE MEASURES USED TO DETERMINE INCENTIVE COMPENSATION ARE PATIENT SATISFACTION, PATIENT CARE QUALITY OUTCOMES AND INNOVATIVE INITIATIVES TO IMPROVE OPERATIONS AND CARE DELIVERY.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • Chatham Imaging Svcs of Pittsboro LLC

    Imaging Svcs · NC · income $184,436 · assets $1,198,235

    Directly controlled by Chatham Hosp

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • UNC Physicians Network Grp Practices LLC

    C Corp · Healthcare · NC · share of income $0 · share of assets $0

    Directly controlled by UNC HEALTHCARE

  • UNC PHYSICIANS GRP PRACTICES II LLC

    C Corp · Healthcare · NC · share of income $0 · share of assets $0

    Directly controlled by REX HEALTHCARE

  • UNC Health Innovations Inc

    C Corp · Operation support · NC · share of income $0 · share of assets $0

    Directly controlled by Rex Healthcare

Provenance

Return type
form_990
Tax year
2022
Filed
21 April 2024
IRS schema version
2022v5.0
Source object
202401139349301140

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