Skip to content
Nonprofiteer
← CALDWELL MEMORIAL HOSPITAL INC

Form 990 for tax year 2023

Filed by CALDWELL MEMORIAL HOSPITAL INC.

Totals

Total revenue
$207,478,072
Total expenses
$205,173,632
Contributions and grants received
$1,020,250
Grants paid
$0
Program service revenue
$205,486,914
Investment income
$371,993
Other revenue
$598,915
Total assets, end of year
$139,752,021
Total liabilities, end of year
$59,838,583
Net assets or fund balances, end of year
$79,913,438
Program services expenses (Part IX)
$179,986,961
Management and general expenses
$25,186,671
Fundraising expenses
$0
Program service expenses (Part III)
$179,986,961

Program services were 87.7% 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.

  • 1d · Related organizations

    $1,020,000

  • 1f · All other contributions, gifts and grants

    $250

  • 2a · Program service revenue: PATIENT SERVICES

    total $201,376,763 · related or exempt $201,376,763

  • 2b · Program service revenue: QUEST4LIFE WELLNESS CENTER REVENUE

    total $897,273 · unrelated business $897,273

  • 2c · Program service revenue: OTHER PROGRAM SERVICES REVENUE

    total $3,212,878 · related or exempt $3,208,264 · excluded $4,614

  • 3 · Investment income

    total $371,993 · excluded $371,993

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

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    real property $551,469

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $551,469 · personal property $0

  • 6d · Net rental income or loss

    total $551,469 · excluded $551,469

  • 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: OTHER REVENUE

    total $47,446 · related or exempt $47,446

  • 11e · Other revenue, total

    $47,446

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 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 $2,278,760 · program services $0 · management and general $2,278,760

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $78,098,014 · program services $67,062,751 · management and general $11,035,263

  • 8 · Pension plan contributions

    total $1,622,282 · program services $1,351,489 · management and general $270,793

  • 9 · Other employee benefits

    total $11,116,349 · program services $10,142,694 · management and general $973,655

  • 10 · Payroll taxes

    total $5,419,446 · program services $4,944,772 · management and general $474,674

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $41,234 · management and general $41,234

  • 11c · Fees: accounting

    total $119,382 · management and general $119,382

  • 11d · Fees: lobbying

    total $12,746 · management and general $12,746

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $20,733,747 · program services $13,476,936 · management and general $7,256,811 · fundraising $0

  • 12 · Advertising and promotion

    total $342,129 · management and general $342,129

  • 13 · Office expenses

    total $1,558,572 · program services $1,558,572

  • 14 · Information technology

    total $34,331 · program services $33,301 · management and general $1,030

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $2,205,375 · program services $2,205,375

  • 17 · Travel

    total $416,172 · program services $249,702 · management and general $166,470

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $6,264 · management and general $6,264

  • 20 · Interest

    total $386,717 · program services $386,717

  • 21 · Payments to affiliates

    total $1,562,896 · management and general $1,562,896

  • 22 · Depreciation, depletion and amortization

    total $10,120,992 · program services $10,120,992

  • 23 · Insurance

    total $1,114,457 · program services $1,114,457

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

    total $27,943,971 · program services $27,943,971

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $18,720,704 · program services $18,720,704

  • 24c · Other expenses: HOME OFFICE ALLOCATION

    total $18,302,724 · program services $17,753,639 · management and general $549,085

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

    total $783,760 · program services $760,247 · management and general $23,513

  • 24e · All other expenses

    total $2,232,608 · program services $2,160,642 · management and general $71,966

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,938,839 · end of year $16,293,628

  • 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 $25,230,638 · end of year $32,144,841

  • 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 $4,142,482 · end of year $4,681,210

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,483,383 · end of year $2,975,044

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

    $169,244,146

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

    $90,767,356

  • 10c · Land, buildings and equipment, net

    beginning of year $77,171,648 · end of year $78,476,790

  • 11 · Investments: publicly traded securities

    beginning of year $1,159,424 · end of year $827,003

  • 12 · Investments: other securities

    beginning of year $4,909,219 · end of year $4,083,924

  • 13 · Investments: program-related

    beginning of year $256,757 · end of year $269,581

  • 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 $29,492,530 · end of year $48,039,170

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $1,877,662 · end of year $1,058,017

  • 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 $13,581,708 · end of year $10,741,396

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $731,492 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $77,608,998 · end of year $79,913,438

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

TO PROVIDE SAFE, EFFECTIVE, COMPASSIONATE CARE AND TO PROMOTE HEALTHY LIFESTYLES TO OUR COMMUNITY.

  • Caldwell Memorial Health, Inc. d/b/a UNC Health Caldwell is a component unit of the University of North Carolina Health Care System (UNCHCS). UNC Health Caldwell is a 501(c)(3) corporation whose sole corporate member is UNCHCS. Caldwell's mission is to provide safe, effective, and compassionate care and to promote healthy lifestyles to our community. More broadly UNC Health's mission is To improve the health and well-being of North Carolinians and others we serve. Our system values are One Great Team, Carolina Care, Leading the Way and It Starts with Me. Since opening in 1951, Caldwell Memorial Hospital, Inc. has continued to grow and change to better meet the needs of our community. Anchored by a 137 bed, acute care facility, Caldwell has a 74-year history of providing excellent health services to the residents and visitors of Caldwell and surrounding counties. Caldwell provides comprehensive care and services throughout Caldwell County and the surrounding region. Locations include: 1. The main campus which includes a 110-bed acute care hospital, 27 inpatient bed psychiatric unit and outpatient clinic, outpatient diagnostic services, 24/7 fully staffed emergency room, heart catheterization lab and inpatient and outpatient surgical services. 2. The Hancock Center incorporating outpatient procedures, dialysis access and pain management. 3. The Quest4Life Wellness Center (adjacent to the Hancock Center), a state-of-the-art fitness center open to the public on a membership basis. In addition, outpatient physical and occupational therapy, a cardiac & pulmonary rehab program, metabolic clinic and aesthetic services are housed within the Quest4Life Wellness Center. 4. Hospital primary care and specialty clinics throughout the region (including Caldwell, Catawba and Watauga counties) consisting of more than 70 providers (physicians and mid-level providers) Services include general and family practice, internal medicine, pediatrics, medical oncology, gynecology, cardiovascular, orthopedics, spine surgery, podiatry, pulmonology, gastroenterology, urology, general surgery, urgent care and diagnostic services. Current Year Accomplishments During the year ended June 30, 2024, Caldwell began work on the Capstone II project. This $33 million project will modernize four areas in the Hospital and create additional space to accommodate future growth. Departments included are the Cath Lab, clinical laboratory, food services including the cafeteria and new inpatient pharmacy space. The Cath Lab is currently unable to accommodate new equipment needed to replace the near end of life current system. The new addition will provide a much larger space and a new system as well as additional recovery spaces. Inclusion of the clinical laboratory allows for upgrades in the infrastructure to power new equipment with higher capacity to handle the current volume in addition to capacity for growth. The current food services department has not been fully renovated since original construction and will greatly benefit from enhanced space. It will allow for increased efficiency, lower energy usage and improvement in food options. The new cafeteria will provide additional seating for employees and visitors, replacing a space that has little space for sitting and relaxing. The inpatient pharmacy is not optimally sized for current volume and the expansion will not only provide additional space but will enhance efficiency. Several new clinics were opened in neighboring Catawba county (Hickory) including a primary care office, urgent care and GI clinic. These clinics are geographically proximate to the Rivercrest medical park in southern Caldwell County and expand services to patients in that area. The Heart and Vascular service line continues to grow and expand. A cardiac rehab program was successfully launched to complement the other service within Heart and Vascular. The 27 inpatient bed psychiatric unit named Jonas Hill Hospital opened for patients in July 2020. This facility is adjacent to the Mulberry Medical Office Building and on the main campus of the Hospital. This facility serves people in the community living with mental health conditions and their families providing hope and healing. The facility offers a holistic program of evidence-based psychiatric treatment, team based medical care and education provided by engaging and dedicated professionals in a safe and healing environment. Caldwell has developed a transformative, clinically integrated, sustained system of high-quality patient and family centered care to serve the mental health needs of patients, families and the community. Working collaboratively with local mental health partners, Caldwell is working to achieve the goal of making mental healthcare as routine, accessible and understandable as physical healthcare. In the current year planning work was undertaken around a virtual Inpatient Psychiatric provider model. This work stabilized the Inpatient providers as well as becoming a new model for rural health care in the behavioral health services sector as the demand for psychiatrists outweighs the supply. This shortage is especially prevalent in rural areas and this model allows providers in high demand to provide services in areas where they traditionally would not exist. In FY 2024, the Inpatient Unit admitted patients for 768 separate stays totaling 8,182 days of care for patients. Patients are happy with the care provided including one patient who commented "I've never had hope before." To complement the inpatient unit the psychiatric outpatient clinic was opened in September 2021 in the same building as the Jonas Hill Hospital. The clinic continues to experience high demand and experiences very high schedule utilization which has expanded outpatient services. We continue to look at models to grow capacity for existing demand locally. In partnership with a local agency, the Caldwell emergency department added the availability of Naloxone to counteract the effects of drug overdoses that arrive at the Hospital. Caldwell continues to utilize lean transformation techniques and strategies throughout the organization. Lean projects have multiple benefits including elimination of waste, improvements in processes, patient satisfaction, quality metrics and financial improvements. The COVID 19 crisis provided a real focus on the sacrifices and challenges that employees in healthcare face every day. As a result of that, Caldwell developed a Human Development Steering team to develop initiatives to recognize the most valuable assets, our employees. Over the year there were many opportunities to recognize employees for their everyday sacrifices and contributions. One of the initiatives introduced included professional recognition weeks with a small gift for every employee which was very well received by employees. Retention has also been a key focus and that work has resulted in an over twenty basis point improvement in first year retention. As a community hospital, Caldwell recognizes the importance of not only caring for our community but giving back. Caldwell provides active support to the Helping Hands Clinic which provides primary care and medication support to a broad population of patients including those who are homeless, uninsured and / or indigent. Many employees volunteer at local agencies including the Wig Bank, the Health Department, the Senior Center and the local Food Pantry among them. The hospital also sponsors various events around breast cancer and attends the AHA Heart Ball annually. Employees also volunteer at the Lenoir Blackberry Festival and Wood Fire Smoke Festival sponsoring a tent where water and a cooling station are provided to attendees. There are numerous ways in which we collaborate with the local CCC&TI (community college) in order to support local students in pursuing various careers within the health system. Some of these efforts are serving as board members, allowing students to do local clinical rotations and providing preceptors.

    Expenses $179,986,961 · Revenue $204,632,473

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • James Hathorn

    MEDICAL PRACTICE PHYSICIAN

    Total calculated
    $1,311,511
    From this org
    $1,304,786
    From related orgs
    $0
    Other
    $6,725
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $394,164
    Bonus
    $0
    Other
    $910,622
    Deferred
    $0
    Nontaxable benefits
    $6,725
    Filer's total
    $1,311,511

  • Tammy Scarborough

    DIRECTOR

    Total calculated
    $1,195,909
    From this org
    $0
    From related orgs
    $1,006,975
    Other
    $188,934
    Hours/week
    2 + 58 related

    Schedule J breakdown matched by us

    Base
    $0 + $679,849 related
    Bonus
    $0 + $310,531 related
    Other
    $0 + $16,595 related
    Deferred
    $0 + $175,868 related
    Nontaxable benefits
    $0 + $13,066 related
    Filer's total
    $0 + $1,195,909 related

  • Randal Bast

    MEDICAL PRACTICE PHYSICIAN

    Total calculated
    $677,477
    From this org
    $637,131
    From related orgs
    $0
    Other
    $40,346
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $343,837
    Bonus
    $20,000
    Other
    $273,294
    Deferred
    $12,425
    Nontaxable benefits
    $27,921
    Filer's total
    $677,477

  • Jeeshan Faridi

    MEDICAL PRACTICE PHYSICIAN

    Total calculated
    $555,545
    From this org
    $537,570
    From related orgs
    $0
    Other
    $17,975
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $436,221
    Bonus
    $100,000
    Other
    $1,349
    Deferred
    $11,250
    Nontaxable benefits
    $6,725
    Filer's total
    $555,545

  • Laura J Easton

    PRESIDENT & CEO (THRU 12/2023)

    Total calculated
    $480,184
    From this org
    $441,487
    From related orgs
    $0
    Other
    $38,697
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $371,743
    Bonus
    $69,744
    Other
    $0
    Deferred
    $10,230
    Nontaxable benefits
    $28,467
    Filer's total
    $480,184

  • David A Lowry MD

    PRESIDENT & CEO (AS OF 1/2024)

    Total calculated
    $469,480
    From this org
    $425,623
    From related orgs
    $0
    Other
    $43,857
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $355,564
    Bonus
    $66,395
    Other
    $3,664
    Deferred
    $15,000
    Nontaxable benefits
    $28,857
    Filer's total
    $469,480

  • Michael Bunch

    FORMER CFO

    Total calculated
    $440,357
    From this org
    $0
    From related orgs
    $322,008
    Other
    $118,349
    Hours/week
    0 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $267,030 related
    Bonus
    $0 + $46,460 related
    Other
    $0 + $8,518 related
    Deferred
    $0 + $105,283 related
    Nontaxable benefits
    $0 + $13,066 related
    Filer's total
    $0 + $440,357 related

  • Mark Brady

    MEDICAL PRACTICE PHYSICIAN

    Total calculated
    $390,694
    From this org
    $386,610
    From related orgs
    $0
    Other
    $4,084
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $373,642
    Bonus
    $0
    Other
    $12,968
    Deferred
    $4,084
    Nontaxable benefits
    $0
    Filer's total
    $390,694

  • John Powell MD

    DIRECTOR

    Total calculated
    $371,018
    From this org
    $0
    From related orgs
    $334,348
    Other
    $36,670
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $0 + $213,401 related
    Bonus
    $0 + $20,000 related
    Other
    $0 + $100,947 related
    Deferred
    $0 + $8,749 related
    Nontaxable benefits
    $0 + $27,921 related
    Filer's total
    $0 + $371,018 related

  • Keith Sharpton

    MEDICAL PRACTICE PHYSICIAN

    Total calculated
    $366,975
    From this org
    $345,269
    From related orgs
    $0
    Other
    $21,706
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $342,217
    Bonus
    $0
    Other
    $3,052
    Deferred
    $6,404
    Nontaxable benefits
    $15,302
    Filer's total
    $366,975

  • Sarah W Young MD

    CMO (AS OF 4/2024)

    Total calculated
    $332,900
    From this org
    $309,108
    From related orgs
    $0
    Other
    $23,792
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $288,769
    Bonus
    $0
    Other
    $20,339
    Deferred
    $10,190
    Nontaxable benefits
    $13,602
    Filer's total
    $332,900

  • Alan Stiles

    DIRECTOR

    Total calculated
    $320,981
    From this org
    $0
    From related orgs
    $308,678
    Other
    $12,303
    Hours/week
    2 + 58 related

    Schedule J breakdown matched by us

    Base
    $0 + $235,349 related
    Bonus
    $0
    Other
    $0 + $73,329 related
    Deferred
    $0 + $11,250 related
    Nontaxable benefits
    $0 + $1,053 related
    Filer's total
    $0 + $320,981 related

  • Karen Shadowens

    CFO

    Total calculated
    $316,808
    From this org
    $0
    From related orgs
    $291,079
    Other
    $25,729
    Hours/week
    30 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $256,142 related
    Bonus
    $0 + $34,937 related
    Other
    $0
    Deferred
    $0 + $7,423 related
    Nontaxable benefits
    $0 + $18,306 related
    Filer's total
    $0 + $316,808 related

  • Allison L Charles

    VP PHYSICIAN SERVICES

    Total calculated
    $246,199
    From this org
    $210,494
    From related orgs
    $0
    Other
    $35,705
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $171,471
    Bonus
    $32,394
    Other
    $6,629
    Deferred
    $9,040
    Nontaxable benefits
    $26,665
    Filer's total
    $246,199

  • Donita M Damron

    VP PHYSICIAN SVCS(THRU 5/2024)

    Total calculated
    $239,020
    From this org
    $210,939
    From related orgs
    $0
    Other
    $28,081
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $177,390
    Bonus
    $33,549
    Other
    $0
    Deferred
    $9,074
    Nontaxable benefits
    $19,007
    Filer's total
    $239,020

  • Jerrell E Suddreth

    CNO

    Total calculated
    $231,233
    From this org
    $197,831
    From related orgs
    $0
    Other
    $33,402
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $173,337
    Bonus
    $24,494
    Other
    $0
    Deferred
    $5,481
    Nontaxable benefits
    $27,921
    Filer's total
    $231,233

  • Heather P Foss

    COO

    Total calculated
    $217,309
    From this org
    $186,485
    From related orgs
    $0
    Other
    $30,824
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $156,828
    Bonus
    $29,657
    Other
    $0
    Deferred
    $4,159
    Nontaxable benefits
    $26,665
    Filer's total
    $217,309

  • Rebecca T Smith

    COO

    Total calculated
    $77,252
    From this org
    $60,350
    From related orgs
    $0
    Other
    $16,902
    Hours/week
    60

  • David Smith

    DIRECTOR/CHAIRMAN

    Total calculated
    $0
    Hours/week
    4

  • Terry Hunt

    DIRECTOR/VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    4

  • Jerry Church

    DIRECTOR/SECRETARY & TREASURER

    Total calculated
    $0
    Hours/week
    4

  • Janet Aiken

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Bob Floyd

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Muriel Gaither

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Joseph Gibbons

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Douglas Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jeffrey Keverline MD

    DIRECTOR (THRU 12/2023)

    Total calculated
    $0
    Hours/week
    2

  • Zachary Kimball MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Diana McClinton MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kevin McDougall

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mark Poarch MD

    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 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 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
  • 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 4B:
LAURA EASTON (CEO) HAS A SECURED BENEFIT PLAN WHICH IS INCLUDED IN THE STUDY COMPLETED BY THE INDEPENDENT COMPENSATION CONSULTANT; THE LOAN UNDER THIS ARRANGEMENT IS RECORDED ON THE FINANCIAL STATEMENTS AND FULLY SECURED BY LIFE INSURANCE ON THE LIFE OF THE CEO.
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. EMPLOYED PHYSICIANS ARE PAID ON A PRODUCTIVITY BASIS BASED ON RVU'S GENERATED IN THEIR PRACTICE OPERATIONS AND THESE ARE TIED TO MGMA BENCHMARKS.

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.

Related partnerships

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

  • prime surgical suites LLC

    RELATED · surgical · NC · 69.298% owned · share of income $12,370 · share of assets $2,361,205

    Directly controlled by NA

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 SUP · NC · share of income $0 · share of assets $0

    Directly controlled by Rex Healthcare

Provenance

Return type
form_990
Tax year
2023
Filed
25 April 2025
IRS schema version
2023v6.0
Source object
202511159349300226

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.