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Nonprofiteer
← MOSES H CONE MEMORIAL HOSPITAL

Form 990 for tax year 2022

Filed by MOSES H CONE MEMORIAL HOSPITAL.

Totals

Total revenue
$48,371,259
Total expenses
$115,784,839
Contributions and grants received
$0
Grants paid
$10,250
Program service revenue
$83,047,949
Investment income
-$34,677,986
Other revenue
$1,296
Total assets, end of year
$1,987,191,994
Total liabilities, end of year
$1,457,326,282
Net assets or fund balances, end of year
$529,865,712
Program services expenses (Part IX)
$104,207,378
Management and general expenses
$11,577,461
Fundraising expenses
$0
Program service expenses (Part III)
$104,207,378

Program services were 90.0% 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: PATIENT REVENUE - THN

    total $15,251,493 · related or exempt $15,251,493

  • 2b · Program service revenue: MEMBERSHIP FEES IN THN

    total $296,799 · related or exempt $296,799

  • 2c · Program service revenue: LEASE OF SPACE WITHIN CONE

    total $46,394,836 · related or exempt $46,394,836

  • 2d · Program service revenue: SVC TO AFFILIATES/NON-AFFILIATES

    total $21,103,321 · related or exempt $21,103,321

  • 2e · Program service revenue: ALL OTHER SERVICES

    total $1,500 · related or exempt $1,500

  • 3 · Investment income

    total $22,597,223 · excluded $22,597,223

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

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $975,891,077 · other assets $6,626,909

  • 7b · Less cost or other basis and sales expenses

    securities $1,027,847,877 · other assets $11,945,318

  • 7c · Gain or loss

    securities -$51,956,800 · other assets -$5,318,409

  • 7d · Net gain or loss

    total -$57,275,209 · excluded -$57,275,209

  • 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: ALL OTHER SERVICES

    total $1,296 · related or exempt $1,296

  • 11e · Other revenue, total

    $1,296

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $10,250 · program services $10,250

  • 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 $1,183,813 · program services $1,065,432 · management and general $118,381

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $12,843,976 · program services $11,559,578 · management and general $1,284,398

  • 8 · Pension plan contributions

    total $539,596 · program services $485,636 · management and general $53,960

  • 9 · Other employee benefits

    total $3,118,667 · program services $2,806,800 · management and general $311,867

  • 10 · Payroll taxes

    total $1,027,376 · program services $924,638 · management and general $102,738

  • 11a · Fees: management

    total $18,926 · program services $17,033 · management and general $1,893

  • 11b · Fees: legal

    total $578,040 · program services $520,236 · management and general $57,804

  • 11c · Fees: accounting

    total $1,289,968 · program services $1,160,971 · management and general $128,997

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $7,931,678 · program services $7,138,510 · management and general $793,168

  • 11g · Fees: other

    total $5,428,016 · program services $4,885,215 · management and general $542,801

  • 12 · Advertising and promotion

    total $180,210 · program services $162,189 · management and general $18,021

  • 13 · Office expenses

    total $81,432 · program services $73,289 · management and general $8,143

  • 14 · Information technology

    total $6,361,438 · program services $5,725,294 · management and general $636,144

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total -$9,000 · program services -$8,100 · management and general -$900

  • 17 · Travel

    total $43,063 · program services $38,757 · management and general $4,306

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $21,243,537 · program services $19,119,183 · management and general $2,124,354

  • 21 · Payments to affiliates

    total $5,899,276 · program services $5,309,348 · management and general $589,928

  • 22 · Depreciation, depletion and amortization

    total $46,978,606 · program services $42,280,745 · management and general $4,697,861

  • 23 · Insurance

    total $0

  • 24a · Other expenses: MEDICAL SERVICES & SUPPLIES

    total $374,032 · program services $336,629 · management and general $37,403

  • 24b · Other expenses: RECRUITMENT, RETENTION & EDUCA

    total $331,301 · program services $298,171 · management and general $33,130

  • 24c · Other expenses: UTILITIES, REPAIRS & MAINTENAN

    total $82,362 · program services $74,126 · management and general $8,236

  • 24d · Other expenses: MOTOR VEHICLE & TRANSPORTATION

    total $38,419 · program services $34,577 · management and general $3,842

  • 24e · All other expenses

    total $209,857 · program services $188,871 · management and general $20,986

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $18,343,445 · end of year $18,988,377

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $2,552,369 · end of year $3,811,704

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 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 $26,914,603 · end of year $8,607,552

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $680,795 · end of year $546,293

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

    $1,527,176,753

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

    $701,250,756

  • 10c · Land, buildings and equipment, net

    beginning of year $778,051,348 · end of year $825,925,997

  • 11 · Investments: publicly traded securities

    beginning of year $634,164,080 · end of year $681,234,291

  • 12 · Investments: other securities

    beginning of year $263,456,494 · end of year $273,436,439

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $478,815 · end of year $478,815

  • 15 · Other assets

    beginning of year $201,363,530 · end of year $174,162,526

  • 17 · Accounts payable and accrued expenses

    beginning of year $33,672,276 · end of year $36,683,060

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $482,730,000 · end of year $701,240,000

  • 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 $306,809,210 · end of year $79,750,311

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $620,431,323 · end of year $639,652,911

  • 27 · Net assets without donor restrictions

    beginning of year $482,362,670 · end of year $529,865,712

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

LEASING HOSPITAL FACILITIES TO THE MOSES H. CONE MEMORIAL HOSPITAL OPERATING CORPORATION, A TAX-EXEMPT AFFILIATE AND PROVIDER OF HEALTH CARE SERVICES TO THE COMMUNITY; MANAGING DEBT AND OTHER TREASURY FUNCTIONS OF THE HEALTH SYSTEM; SUPPORT OF NEWLY ACQUIRED PHYSICIAN PRACTICES AND STRATEGIC PLANNING/MARKETING FOR THE ENTIRE HEALTH SYSTEM.

Activities or mission (Part I)

STRATEGIC OVERSIGHT AND SUPPORT OF SUBSIDIARY CORPORATIONS WITHIN CONE HEALTH SYSTEM, A PROVIDER OF HEALTH CARE SERVICES TO THE COMMUNITY

  • Support of Cone Health Operations

    Expenses $22,724,046 · Grants $10,250

  • Triad Health Network

    Expenses $31,653,305 · Revenue $36,653,113

  • Hold and operate property for Cone Health System

    Expenses $21,560,161 · Revenue $46,394,836

  • Hold Debt and Investments for Cone Health

    Expenses $26,583,057

  • Subsidize Physician Practices

    Expenses $1,686,809

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

Listed in Part VII

  • Cagle MD Mary Jo

    President and Chief Executive

    Total calculated
    $1,732,949
    From this org
    $0
    From related orgs
    $1,671,452
    Other
    $61,497
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,093,417 related
    Bonus
    $0 + $412,527 related
    Other
    $0 + $165,508 related
    Deferred
    $0 + $57,515 related
    Nontaxable benefits
    $0 + $3,982 related
    Filer's total
    $0 + $1,732,949 related

  • Akin Terrence

    President & Chief Executive Of

    Total calculated
    $1,520,179
    From this org
    $0
    From related orgs
    $1,499,504
    Other
    $20,675
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,736 related
    Bonus
    $0 + $137,329 related
    Other
    $0 + $1,360,439 related
    Deferred
    $0 + $4,633 related
    Nontaxable benefits
    $0 + $16,042 related
    Filer's total
    $0 + $1,520,179 related

  • Rempher Kenneth

    Executive VP & Assistant Secre

    Total calculated
    $1,404,575
    From this org
    $0
    From related orgs
    $1,340,018
    Other
    $64,557
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $79,028 related
    Bonus
    $0 + $734,440 related
    Other
    $0 + $526,550 related
    Deferred
    $0 + $57,515 related
    Nontaxable benefits
    $0 + $7,042 related
    Filer's total
    $0 + $1,404,575 related

  • Priest MD Marlon

    Executive Vice President and A

    Total calculated
    $1,060,949
    From this org
    $0
    From related orgs
    $964,587
    Other
    $96,362
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $711,496 related
    Bonus
    $0 + $110,922 related
    Other
    $0 + $142,169 related
    Deferred
    $0 + $90,275 related
    Nontaxable benefits
    $0 + $6,087 related
    Filer's total
    $0 + $1,060,949 related

  • Eaton Mandy

    Chief Operating Officer

    Total calculated
    $961,084
    From this org
    $0
    From related orgs
    $911,346
    Other
    $49,738
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $654,047 related
    Bonus
    $0 + $158,067 related
    Other
    $0 + $99,232 related
    Deferred
    $0 + $41,000 related
    Nontaxable benefits
    $0 + $8,738 related
    Filer's total
    $0 + $961,084 related

  • Barrow Andrew

    Chief Financial Officer and Se

    Total calculated
    $850,569
    From this org
    $0
    From related orgs
    $787,781
    Other
    $62,788
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $581,368 related
    Bonus
    $0 + $142,930 related
    Other
    $0 + $63,483 related
    Deferred
    $0 + $47,512 related
    Nontaxable benefits
    $0 + $15,276 related
    Filer's total
    $0 + $850,569 related

  • Carter Robert

    Senior Vice President and Chie

    Total calculated
    $701,891
    From this org
    $0
    From related orgs
    $640,373
    Other
    $61,518
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $484,492 related
    Bonus
    $0 + $109,040 related
    Other
    $0 + $46,841 related
    Deferred
    $0 + $49,633 related
    Nontaxable benefits
    $0 + $11,885 related
    Filer's total
    $0 + $701,891 related

  • Miller John

    Chief Investment Officer and T

    Total calculated
    $643,661
    From this org
    $541,185
    From related orgs
    $0
    Other
    $102,476
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $368,070
    Bonus
    $101,991
    Other
    $71,124
    Deferred
    $90,275
    Nontaxable benefits
    $12,201
    Filer's total
    $643,661

  • Antrum DNP Vi-Anne

    Executive Vice President and A

    Total calculated
    $519,448
    From this org
    $0
    From related orgs
    $488,469
    Other
    $30,979
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $355,359 related
    Bonus
    $0 + $89,387 related
    Other
    $0 + $43,723 related
    Deferred
    $0 + $27,043 related
    Nontaxable benefits
    $0 + $3,936 related
    Filer's total
    $0 + $519,448 related

  • Adamolekun Michelle

    Executive Vice President and A

    Total calculated
    $459,741
    From this org
    $0
    From related orgs
    $407,811
    Other
    $51,930
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $355,122 related
    Bonus
    $0
    Other
    $0 + $52,689 related
    Deferred
    $0 + $51,877 related
    Nontaxable benefits
    $0 + $53 related
    Filer's total
    $0 + $459,741 related

  • Cornue Christopher

    Executive Vice President and A

    Total calculated
    $410,740
    From this org
    $0
    From related orgs
    $396,062
    Other
    $14,678
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $260,179 related
    Bonus
    $0 + $104,184 related
    Other
    $0 + $31,699 related
    Deferred
    $0 + $10,346 related
    Nontaxable benefits
    $0 + $4,332 related
    Filer's total
    $0 + $410,740 related

  • Langley Elissa

    Chief Operating Officer, THN

    Total calculated
    $382,929
    From this org
    $346,357
    From related orgs
    $0
    Other
    $36,572
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $261,414
    Bonus
    $63,968
    Other
    $20,975
    Deferred
    $29,838
    Nontaxable benefits
    $6,734
    Filer's total
    $382,929

  • Campbell MD John

    Chair, Trustee

    Total calculated
    $367,288
    From this org
    $0
    From related orgs
    $316,287
    Other
    $51,001
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $226,638 related
    Bonus
    $0 + $47,493 related
    Other
    $0 + $42,156 related
    Deferred
    $0 + $48,297 related
    Nontaxable benefits
    $0 + $2,704 related
    Filer's total
    $0 + $367,288 related

  • Meador Joe

    Assistant Treasurer

    Total calculated
    $365,112
    From this org
    $0
    From related orgs
    $332,137
    Other
    $32,975
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $261,550 related
    Bonus
    $0 + $51,607 related
    Other
    $0 + $18,980 related
    Deferred
    $0 + $20,500 related
    Nontaxable benefits
    $0 + $12,475 related
    Filer's total
    $0 + $365,112 related

  • Neorr Steven

    SVP & Chief Adminstrative Offi

    Total calculated
    $338,105
    From this org
    $288,137
    From related orgs
    $0
    Other
    $49,968
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $82,783
    Bonus
    $187,588
    Other
    $17,766
    Deferred
    $47,512
    Nontaxable benefits
    $2,456
    Filer's total
    $338,105

  • Hodges MD Beth

    Chief Clinical Officer, THN

    Total calculated
    $314,500
    From this org
    $282,604
    From related orgs
    $0
    Other
    $31,896
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $243,955
    Bonus
    $23,346
    Other
    $15,303
    Deferred
    $23,211
    Nontaxable benefits
    $8,685
    Filer's total
    $314,500

  • Roskelly James

    Executive VP & Assistant Secre

    Total calculated
    $301,923
    From this org
    $0
    From related orgs
    $248,710
    Other
    $53,213
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $211 related
    Bonus
    $0 + $235,712 related
    Other
    $0 + $12,787 related
    Deferred
    $0 + $52,565 related
    Nontaxable benefits
    $0 + $648 related
    Filer's total
    $0 + $301,923 related

  • Reade Robert

    Medical Director, THN

    Total calculated
    $293,595
    From this org
    $232,702
    From related orgs
    $0
    Other
    $60,893
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $196,361
    Bonus
    $31,007
    Other
    $5,334
    Deferred
    $52,834
    Nontaxable benefits
    $8,059
    Filer's total
    $293,595

  • Fortney Catharine

    Vice President and Chief Compl

    Total calculated
    $280,565
    From this org
    $0
    From related orgs
    $264,228
    Other
    $16,337
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $180,249 related
    Bonus
    $0 + $71,284 related
    Other
    $0 + $12,695 related
    Deferred
    $0 + $7,304 related
    Nontaxable benefits
    $0 + $9,033 related
    Filer's total
    $0 + $280,565 related

  • Wright MD Patrick

    Trustee

    Total calculated
    $278,776
    From this org
    $0
    From related orgs
    $228,178
    Other
    $50,598
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $213,630 related
    Bonus
    $0
    Other
    $0 + $14,548 related
    Deferred
    $0 + $46,924 related
    Nontaxable benefits
    $0 + $3,674 related
    Filer's total
    $0 + $278,776 related

  • Smith Rene'

    Assistant Treasurer

    Total calculated
    $254,442
    From this org
    $0
    From related orgs
    $223,637
    Other
    $30,805
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $184,252 related
    Bonus
    $0 + $35,194 related
    Other
    $0 + $4,191 related
    Deferred
    $0 + $25,710 related
    Nontaxable benefits
    $0 + $5,095 related
    Filer's total
    $0 + $254,442 related

  • Kitzmiller David

    Assistant Treasurer

    Total calculated
    $228,358
    From this org
    $0
    From related orgs
    $186,438
    Other
    $41,920
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $159,209 related
    Bonus
    $0 + $24,457 related
    Other
    $0 + $2,772 related
    Deferred
    $0 + $29,772 related
    Nontaxable benefits
    $0 + $12,148 related
    Filer's total
    $0 + $228,358 related

  • Haywood Mehee

    Assistant Treasurer

    Total calculated
    $222,790
    From this org
    $165,789
    From related orgs
    $0
    Other
    $57,001
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $139,653
    Bonus
    $23,364
    Other
    $2,772
    Deferred
    $50,272
    Nontaxable benefits
    $6,729
    Filer's total
    $222,790

  • Grapey David

    Chief Clinical Officer THN

    Total calculated
    $222,581
    From this org
    $180,788
    From related orgs
    $0
    Other
    $41,793
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $127,230
    Bonus
    $41,667
    Other
    $11,891
    Deferred
    $37,059
    Nontaxable benefits
    $4,734
    Filer's total
    $222,581

  • Bradish Karen

    Director, THN

    Total calculated
    $189,351
    From this org
    $165,591
    From related orgs
    $0
    Other
    $23,760
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,414
    Bonus
    $21,174
    Other
    $2,003
    Deferred
    $19,928
    Nontaxable benefits
    $3,832
    Filer's total
    $189,351

  • Park Hanna

    Executive Director, THN

    Total calculated
    $181,017
    From this org
    $161,324
    From related orgs
    $0
    Other
    $19,693
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,274
    Bonus
    $20,345
    Other
    $705
    Deferred
    $14,578
    Nontaxable benefits
    $5,115
    Filer's total
    $181,017

  • Tamborino Norine

    Director, THN

    Total calculated
    $162,631
    From this org
    $140,820
    From related orgs
    $0
    Other
    $21,811
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $120,625
    Bonus
    $17,118
    Other
    $3,077
    Deferred
    $19,874
    Nontaxable benefits
    $1,937
    Filer's total
    $162,631

  • Jones Jeffrey

    Chief Financial Officer & Secr

    Total calculated
    $130,996
    From this org
    $0
    From related orgs
    $128,831
    Other
    $2,165
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0 + $49,305 related
    Other
    $0 + $79,526 related
    Deferred
    $0 + $1,187 related
    Nontaxable benefits
    $0 + $978 related
    Filer's total
    $0 + $130,996 related

  • Nelms Jason

    Vice President and Assistant T

    Total calculated
    $45,554
    From this org
    $0
    From related orgs
    $40,119
    Other
    $5,435
    Hours/week
    0 + 40 related

  • Boylston MD Yun

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Cone Edward

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Douglas Mae

    Chair, Trustee

    Total calculated
    $0
    Hours/week
    0

  • Hayes William

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Maxwell MD James

    Vice Chair, Trustee

    Total calculated
    $0
    Hours/week
    0

  • Simms Carole

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Brandon MD Ashley

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Campbell PhD Lenora

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Cassell Bill

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Chandler Thomas

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • French David

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Gonzalez Maria

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Hensel MD Bill

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Mattern MD Christopher

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Ross MD Charles Alan

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Samet Arthur

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Shell Jeff

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Stringer MD Arthur

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Whitfield MD Patrick

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Minnick Julie

    Chief Administrative Officer,

    Total calculated
    $0
    Hours/week
    0

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
  • 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
  • 6a · Pay contingent on this organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

EARNINGS CONTINGENT COMP
FORM 990, SCHEDULE J, PART I, LINE 6 OFFICERS ARE PAID BY MOSES H. CONE MEMORIAL HOSPITAL OPERATING CORPORATION, INC AND PARTICIPATE IN THE MANAGEMENT INCENTIVE COMPENSATION PROGRAM. UNDER THIS PROGRAM, A PORTION OF THE SALARY OF THOSE AT A LEVEL OF DEPARTMENT DIRECTOR AND HIGHER IS SET ASIDE AND IS CONTINGENT UPON THE HEALTH SYSTEM'S PERFORMANCE ON SEVERAL MEASURES, INCLUDING NET EARNINGS. NOTE: IF THESE MEASURES ARE NOT MET, THEIR COMPENSATION WILL BE BELOW THE MARKET LEVEL FOR THEIR JOB.

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

  • US Department of the Interior

    $10,000

    Upkeep of Cone Park

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.

  • TRIAD HEALTHCARE NETWORK LLC

    Physicians · NC · income $76,369,341 · assets $54,892,290

    Directly controlled by MC PARENT

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • Cone Health Connected Care LLC

    For Profit HC · NC · general or managing partner

    Directly controlled by WLCHS

  • NSC Greensboro West LLC

    Physicians · AL

    Directly controlled by MC Med Svcs

  • Cone Health Ventures LLC

    Innovation · NC · general or managing partner

    Directly controlled by WLCHS

  • HTA Holdings LLC

    Holding Company · NC · general or managing partner

    Directly controlled by WLCHS

Related corporations and trusts

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

  • Wesley Long Community Health Services

    C · Medical Servi · NC · 100% owned · controlled entity

    Directly controlled by MC Parent

  • Insurance Casualty and Risk Enterprise

    C · Self Insuranc · CJ · controlled entity

    Directly controlled by MC Parent

  • Fuse Oncology Inc

    C · Software · NC · controlled entity

    Directly controlled by MC Parent

Provenance

Return type
form_990
Tax year
2022
Filed
8 August 2024
IRS schema version
2022v5.0
Source object
202442289349301379

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