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← CUMBERLAND COUNTY HOSPITAL SYSTEM INC

Form 990 for tax year 2024

Filed by CUMBERLAND COUNTY HOSPITAL SYSTEM INC.

Totals

Total revenue
$346,889,617
Total expenses
$359,057,261
Contributions and grants received
$495,556
Grants paid
$308,713
Program service revenue
$356,572,744
Investment income
-$12,385,743
Other revenue
$2,207,060
Total assets, end of year
$1,827,526,190
Total liabilities, end of year
$956,029,654
Net assets or fund balances, end of year
$871,496,536
Program services expenses (Part IX)
$294,250,724
Management and general expenses
$64,806,537
Fundraising expenses
$0
Program service expenses (Part III)
$294,250,724

Program services were 82.0% 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.

  • 1d · Related organizations

    $332,676

  • 1f · All other contributions, gifts and grants

    $162,880

  • 2a · Program service revenue: PATIENT SERVICE REV

    total $334,487,501 · related or exempt $334,487,501

  • 2b · Program service revenue: PHARMACY REVENUE

    total $22,085,243 · related or exempt $20,999,248 · unrelated business $1,085,995

  • 3 · Investment income

    total $254,001 · excluded $254,001

  • 6a · Gross rents

    real property $89,337

  • 6b · Less rental expenses

    real property $26,747

  • 6c · Rental income or loss

    real property $62,590

  • 6d · Net rental income or loss

    total $62,590 · excluded $62,590

  • 7a · Gross sales of assets other than inventory

    securities $36,402,263

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

    securities $49,042,007

  • 7c · Gain or loss

    securities -$12,639,744

  • 7d · Net gain or loss

    total -$12,639,744 · excluded -$12,639,744

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $1,390,413 · excluded $1,390,413

  • 11b · Other revenue: INSURANCE INCOME

    total $678,155 · excluded $678,155

  • 11c · Other revenue: INVESTMENT IN JV

    total $75,902 · excluded $75,902

  • 11e · Other revenue, total

    $2,144,470

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $308,713 · program services $308,713

  • 5 · Compensation of officers, directors and key employees

    total $1,667,278 · management and general $1,667,278

  • 7 · Other salaries and wages

    total $167,598,063 · program services $152,321,651 · management and general $15,276,412

  • 8 · Pension plan contributions

    total $2,452,389 · management and general $2,452,389

  • 9 · Other employee benefits

    total $22,054,113 · program services $5,476,032 · management and general $16,578,081

  • 10 · Payroll taxes

    total $9,867,373 · program services $2,200,445 · management and general $7,666,928

  • 11a · Fees: management

    total $6,126,834 · program services $5,967,426 · management and general $159,408

  • 11b · Fees: legal

    total $269,135 · program services $7,300 · management and general $261,835

  • 11c · Fees: accounting

    total $35,358 · program services $3,358 · management and general $32,000

  • 11g · Fees: other

    total $44,052,160 · program services $33,068,097 · management and general $10,984,063

  • 13 · Office expenses

    total $5,152,538 · program services $4,907,384 · management and general $245,154

  • 17 · Travel

    total $354,029 · program services $159,463 · management and general $194,566

  • 20 · Interest

    total $5,114,833 · program services $5,114,833

  • 22 · Depreciation, depletion and amortization

    total $18,508,181 · program services $16,914,973 · management and general $1,593,208

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $65,774,494 · program services $61,456,490 · management and general $4,318,004

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $4,942,755 · program services $4,191,980 · management and general $750,775

  • 24c · Other expenses: BAD DEBT EXPENSE

    total $2,796,841 · program services $1,259,762 · management and general $1,537,079

  • 24d · Other expenses: MISCELLANEOUS EXPENSE

    total $1,982,174 · program services $892,817 · management and general $1,089,357

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $108,224,344 · end of year $41,130,883

  • 2 · Savings and temporary cash investments

    beginning of year $63,802,525 · end of year $119,100,889

  • 4 · Accounts receivable

    beginning of year $212,729,630 · end of year $260,237,150

  • 7 · Other notes and loans receivable

    beginning of year $1,274,420 · end of year $1,320,314

  • 8 · Inventories for sale or use

    beginning of year $17,833,096 · end of year $20,828,632

  • 9 · Prepaid expenses and deferred charges

    beginning of year $15,786,911 · end of year $14,540,871

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

    $1,178,381,642

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

    $621,589,042

  • 10c · Land, buildings and equipment, net

    beginning of year $540,140,061 · end of year $556,792,600

  • 11 · Investments: publicly traded securities

    beginning of year $301,773,009 · end of year $260,872,675

  • 13 · Investments: program-related

    beginning of year $4,705,434 · end of year $440,899

  • 14 · Intangible assets

    beginning of year $2,763,520 · end of year $4,657,962

  • 15 · Other assets

    beginning of year $4,578,471,776 · end of year $547,603,315

  • 17 · Accounts payable and accrued expenses

    beginning of year $177,314,429 · end of year $227,977,888

  • 19 · Deferred revenue

    beginning of year $7,957,746 · end of year $7,121,706

  • 23 · Secured mortgages and notes payable

    beginning of year $493,377,575 · end of year $526,951,026

  • 25 · Other liabilities

    beginning of year $4,280,719,417 · end of year $193,979,034

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $888,135,559 · end of year $871,496,536

Mission and programs · 2024

Mission

AT CUMBERLAND COUNTY HOSPITAL SYSTEM, INC. DBA: CAPE FEAR VALLEY HEALTH SYSTEM, OUR GOAL IS TO IMPROVE THE QUALITY OF EVERY LIFE WE TOUCH. TO ACHIEVE THAT, OUR DOCTORS, SURGEONS AND STAFF ARE COMMITTED TO EXCELLENCE IN EVERY ASPECT OF THE HEALTHCARE PROCESS. OUR VALUES OF PATIENT-CENTEREDNESS, INTEGRITY, INNOVATION, TEAMWORK, DIVERSITY, ACCOUNTABILITY AND EDUCATION HELP US CREATE A BETTER EXPERIENCE FOR EVERY PATIENT, EVERY TIME.

Activities or mission (Part I)

PROVIDING EXCEPTIONAL HEALTHCARE FOR ALL OUR PATIENTS

  • AS PART OF MEETING THE HEALTH CARE NEEDS OF THE SERVICE AREA, CCHS, INC. ADMITTED 38,129 PATIENTS, PROVIDED 222,972 PATIENT DAYS OF CARE, HAD 191,942 EMERGENCY ROOM VISITS AND HAD OVER 795,000 OUTPATIENT VISITS FOR SERVICES.

    Expenses $294,250,724 · Grants $308,713 · Revenue $355,486,749

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Sanjay Shah MD

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Jimmy Keefe

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Ernest Jones

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Glenn Adams

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Afua Arhim

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Ryan Aul

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Michael Boose

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Terrill Brown

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Chuck Chima

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Jeannette Council

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Marshall Faircloth

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Kelvin Farmer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Girum Feyissa MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Clarence Grier

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Michael Jones MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Veronica Jones

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Larry Lancaster

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Shannon Matthews

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Toni Stewart

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Pamela Story

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Myron Strickland

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Michael Nagowski

    CEO

    Total calculated
    $1,778,609
    From this org
    $1,751,758
    From related orgs
    $0
    Other
    $26,851
    Hours/week
    54 + 1 related

    Schedule J breakdown matched by us

    Base
    $1,199,200
    Bonus
    $549,946
    Other
    $2,612
    Deferred
    $15,350
    Nontaxable benefits
    $11,501
    Filer's total
    $1,778,609

  • Bret Johnson

    CFO

    Total calculated
    $827,896
    From this org
    $804,547
    From related orgs
    $0
    Other
    $23,349
    Hours/week
    54 + 1 related

    Schedule J breakdown matched by us

    Base
    $610,684
    Bonus
    $175,770
    Other
    $18,093
    Deferred
    $15,350
    Nontaxable benefits
    $7,999
    Filer's total
    $827,896

  • Daniel Weatherly

    COO

    Total calculated
    $1,016,576
    From this org
    $991,567
    From related orgs
    $0
    Other
    $25,009
    Hours/week
    54 + 1 related

    Schedule J breakdown matched by us

    Base
    $684,441
    Bonus
    $306,501
    Other
    $625
    Deferred
    $15,350
    Nontaxable benefits
    $9,659
    Filer's total
    $1,016,576

  • Deborah Marshburn

    CNO

    Total calculated
    $518,138
    From this org
    $495,612
    From related orgs
    $0
    Other
    $22,526
    Hours/week
    54 + 1 related

    Schedule J breakdown matched by us

    Base
    $386,789
    Bonus
    $105,247
    Other
    $3,576
    Deferred
    $15,350
    Nontaxable benefits
    $7,176
    Filer's total
    $518,138

  • Philip Wood Jr

    CIO

    Total calculated
    $631,973
    From this org
    $606,948
    From related orgs
    $0
    Other
    $25,025
    Hours/week
    54 + 1 related

    Schedule J breakdown matched by us

    Base
    $455,481
    Bonus
    $141,980
    Other
    $9,487
    Deferred
    $15,350
    Nontaxable benefits
    $9,675
    Filer's total
    $631,973

  • Deren Bagsby

    PHYSICIAN

    Total calculated
    $1,570,365
    From this org
    $1,550,874
    From related orgs
    $0
    Other
    $19,491
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $675,000
    Bonus
    $875,874
    Other
    $0
    Deferred
    $15,350
    Nontaxable benefits
    $4,141
    Filer's total
    $1,570,365

  • Robert Maughan

    PHYSICIAN

    Total calculated
    $1,314,429
    From this org
    $1,296,921
    From related orgs
    $0
    Other
    $17,508
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,296,000
    Bonus
    $0
    Other
    $921
    Deferred
    $15,350
    Nontaxable benefits
    $2,158
    Filer's total
    $1,314,429

  • Daniel McBrayer

    PHYSICIAN

    Total calculated
    $1,134,896
    From this org
    $1,118,766
    From related orgs
    $0
    Other
    $16,130
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $700,000
    Bonus
    $399,608
    Other
    $19,158
    Deferred
    $10,350
    Nontaxable benefits
    $5,780
    Filer's total
    $1,134,896

  • Charles Haworth

    PHYSICIAN

    Total calculated
    $1,120,428
    From this org
    $1,097,213
    From related orgs
    $0
    Other
    $23,215
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $896,534
    Bonus
    $0
    Other
    $200,679
    Deferred
    $15,350
    Nontaxable benefits
    $7,865
    Filer's total
    $1,120,428

  • Michael Zappa

    VP

    Total calculated
    $1,035,188
    From this org
    $1,017,634
    From related orgs
    $0
    Other
    $17,554
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $740,485
    Bonus
    $157,149
    Other
    $120,000
    Deferred
    $15,350
    Nontaxable benefits
    $2,204
    Filer's total
    $1,035,188

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 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
THE HOSPITAL PROVIDES INCENTIVE COMPENSATION TO ITS EXECUTIVES, WHICH IS BASED ON THE QUANTITATIVE AND QUALITATIVE PERFORMANCES OF THE HOSPITAL. THE DETERMINATION OF INCENTIVE COMPENSATION FOLLOWS THE HOSITAL'S COMPENSATION PROCEDURES AS OUTLINED IN FORM 990, PART VI, SECTION B, LINE 15.

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

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.

  • BLADEN COUNTY HEALTHCARE LLC

    HEALTH SERVICES · NC · income $14,627,142 · assets $65,491,652

    Directly controlled by CCHS

  • CUMBERLAND HEALTH AFF LLC

    INACTIVE · NC · income $0 · assets $0

    Directly controlled by CCHS

  • VALLEY HEALTH FACILITIES LLC

    INACTIVE · NC · income $0 · assets $0

    Directly controlled by CCHS

  • HOKE HEALTHCARE LLC

    HEALTH SERVICES · NC · income $23,850,397 · assets $194,829,964

    Directly controlled by CCHS

  • FAYETTEVILLE AMB SURGERY CENTER

    HEALTH SERVICES · NC · income $7,243,625 · assets $8,203,097

    Directly controlled by CCHS

Related corporations and trusts

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

  • HIGHSMITH-RAINEY MED ARTS CENTER ASSOC

    C · RENTAL ASSOC. · NC · 100% owned · share of income -$48,848 · share of assets $1,380,258 · controlled entity

    Directly controlled by CCHS

  • CUMBERLAND HEALTH PARTNER INC

    C · INACTIVE · NC · 100% owned · controlled entity

    Directly controlled by CCHS

  • CAPE FEAR INSURANCE LTD

    C · INSURANCE · CJ · 100% owned · share of assets $89,192,806 · controlled entity

    Directly controlled by CCHS

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202543219349309029

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