Totals
- Total revenue
- $16,371,991
- Total expenses
- $20,624,999
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $16,362,710
- Investment income
- $0
- Other revenue
- $9,281
- Total assets, end of year
- $2,545,583
- Total liabilities, end of year
- $63,995,682
- Net assets or fund balances, end of year
- -$61,450,099
- Program services expenses (Part IX)
- $18,562,498
- Management and general expenses
- $2,062,501
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $18,562,498
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
total $16,283,683 · related or exempt $16,283,683
-
2b · Program service revenue: SERVICES TO PATIENTS
total $345 · related or exempt $345
-
2c · Program service revenue: SERVICES TO GOVERNMENT AGENCIES
total $50,683 · related or exempt $50,683
-
2d · Program service revenue: SERVICES TO AFFILIATE ORGANIZATIONS
total $27,999 · related or exempt $27,999
-
3 · Investment income
total $0
-
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
-
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: ALL OTHER SERVICES
total $9,281 · related or exempt $9,281
-
11e · Other revenue, total
$9,281
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 $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $9,328,044 · program services $8,395,240 · management and general $932,804
-
8 · Pension plan contributions
total $325,348 · program services $292,813 · management and general $32,535
-
9 · Other employee benefits
total $1,717,938 · program services $1,546,144 · management and general $171,794
-
10 · Payroll taxes
total $605,594 · program services $545,034 · management and general $60,560
-
11a · Fees: management
total $3,810 · program services $3,429 · management and general $381
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $11,711 · program services $10,540 · management and general $1,171
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $278,241 · program services $250,417 · management and general $27,824
-
12 · Advertising and promotion
total $18,797 · program services $16,917 · management and general $1,880
-
13 · Office expenses
total $127,752 · program services $114,977 · management and general $12,775
-
14 · Information technology
total $233 · program services $210 · management and general $23
-
15 · Royalties
total $0
-
16 · Occupancy
total $393,856 · program services $354,470 · management and general $39,386
-
17 · Travel
total $31,398 · program services $28,258 · management and general $3,140
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $3,067,497 · program services $2,760,747 · management and general $306,750
-
22 · Depreciation, depletion and amortization
total $150,368 · program services $135,331 · management and general $15,037
-
23 · Insurance
total $63,759 · program services $57,383 · management and general $6,376
-
24a · Other expenses: MEDICAL SUPPLIES & SERVICES
total $4,221,696 · program services $3,799,526 · management and general $422,170
-
24b · Other expenses: UTILITIES AND REPAIRS
total $155,881 · program services $140,293 · management and general $15,588
-
24c · Other expenses: RECRUITMENT-RETENTION & EDU
total $106,892 · program services $96,203 · management and general $10,689
-
24d · Other expenses: TAXES AND LICENSURE
total $4,503 · program services $4,053 · management and general $450
-
24e · All other expenses
total $11,681 · program services $10,513 · management and general $1,168
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,091 · end of year $2,090
-
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 $255,806 · end of year $864,195
-
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 $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year -$156,839 · end of year -$156,839
-
10a · Land, buildings and equipment: cost or other basis
$3,180,657
-
10b · Land, buildings and equipment: accumulated depreciation
$2,190,974
-
10c · Land, buildings and equipment, net
beginning of year $890,684 · end of year $989,683
-
11 · Investments: publicly traded securities
beginning of year $0 · end of year $0
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
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 $1,180,387 · end of year $846,454
-
17 · Accounts payable and accrued expenses
beginning of year $3,115,948 · end of year $3,500,517
-
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 $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 $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $56,253,272 · end of year $60,495,165
-
27 · Net assets without donor restrictions
beginning of year -$57,197,091 · end of year -$61,450,099
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $0
Mission and programs · 2022
Mission
WE SERVE OUR COMMUNITIES BY PREVENTING ILLNESS, RESTORING HEALTH AND PROVIDING COMFORT THROUGH EXCEPTIONAL PEOPLE DELIVERING EXCEPTIONAL CARE. ARMC PHYSICIANS CARE DOES SO BY PROVIDING ACCESS TO PRIMARY AND SPECIALTY CARE IN ALAMANCE COUNTY, NC.
Activities or mission (Part I)
OPERATION OF PHYSICIAN PRACTICES
-
PROVISION OF PHYSICIAN SERVICES FOR THE BENEFIT OF THE COMMUNITY. ALAMANCE PHYSICIANS PROVIDED 87,703 OFFICE, HOSPITAL, AND TELEHEALTH VISITS THIS YEAR. OF THE TOTAL GROSS CHARGES BOOKED FOR THE YEAR, 51.66% WERE FOR MEDICARE OR MEDICAID PATIENTS. FOR THE YEAR ALAMANCE PHYSICIANS PROVIDED $514,990 OF CHARITY CARE TO THE COMMUNITY.
Expenses $18,562,498 · Revenue $16,371,991
As filed on the 2022 return.
Listed in Part VII
-
Cagle MD Mary Jo
Director
- 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
-
Priest MD Marlon
Director
- 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
-
Portillo MD Martin
President
- Total calculated
- $884,387
- From this org
- $0
- From related orgs
- $843,929
- Other
- $40,458
- Hours/week
- 0 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $576,793 related
- Bonus
- $0 + $192,196 related
- Other
- $0 + $74,940 related
- Deferred
- $0 + $37,015 related
- Nontaxable benefits
- $0 + $3,443 related
- Filer's total
- $0 + $884,387 related
-
Barrow Andrew
Director, Treasurer and Secret
- 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
-
Anderson Steven
Vice President
- Total calculated
- $433,108
- From this org
- $0
- From related orgs
- $374,816
- Other
- $58,292
- Hours/week
- 0 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $230,080 related
- Bonus
- $0 + $104,508 related
- Other
- $0 + $40,228 related
- Deferred
- $0 + $49,322 related
- Nontaxable benefits
- $0 + $8,970 related
- Filer's total
- $0 + $433,108 related
-
Sowles MD Krichna
Physician
- Total calculated
- $401,015
- From this org
- $361,470
- From related orgs
- $0
- Other
- $39,545
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $232,417
- Bonus
- $120,904
- Other
- $8,149
- Deferred
- $33,727
- Nontaxable benefits
- $5,818
- Filer's total
- $401,015
-
Cleveland Beverly
Chief Financial Officer
- Total calculated
- $393,585
- From this org
- $0
- From related orgs
- $357,149
- Other
- $36,436
- Hours/week
- 0 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $268,326 related
- Bonus
- $0 + $60,858 related
- Other
- $0 + $27,965 related
- Deferred
- $0 + $33,421 related
- Nontaxable benefits
- $0 + $3,015 related
- Filer's total
- $0 + $393,585 related
-
Johnson MD Megan
Physician
- Total calculated
- $385,819
- From this org
- $356,657
- From related orgs
- $0
- Other
- $29,162
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $280,485
- Bonus
- $74,028
- Other
- $2,144
- Deferred
- $20,878
- Nontaxable benefits
- $8,284
- Filer's total
- $385,819
-
Cherry MD Anika
Physician
- Total calculated
- $368,274
- From this org
- $344,974
- From related orgs
- $0
- Other
- $23,300
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $282,584
- Bonus
- $60,914
- Other
- $1,476
- Deferred
- $20,500
- Nontaxable benefits
- $2,800
- Filer's total
- $368,274
-
Evans MD David
Physician
- Total calculated
- $365,595
- From this org
- $302,871
- From related orgs
- $0
- Other
- $62,724
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $246,687
- Bonus
- $50,886
- Other
- $5,298
- Deferred
- $50,272
- Nontaxable benefits
- $12,452
- Filer's total
- $365,595
-
Brown Christopher
Vice President
- Total calculated
- $359,440
- From this org
- $0
- From related orgs
- $325,239
- Other
- $34,201
- Hours/week
- 0 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $245,621 related
- Bonus
- $0 + $61,455 related
- Other
- $0 + $18,163 related
- Deferred
- $0 + $21,094 related
- Nontaxable benefits
- $0 + $13,107 related
- Filer's total
- $0 + $359,440 related
-
Berglund MD Laura
Physician
- Total calculated
- $341,284
- From this org
- $305,847
- From related orgs
- $0
- Other
- $35,437
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $247,485
- Bonus
- $54,114
- Other
- $4,248
- Deferred
- $29,772
- Nontaxable benefits
- $5,665
- Filer's total
- $341,284
-
Jones Jeffrey
Director, Treasurer & Asst Sec
- 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
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 COMPENSATION
- 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
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.
-
Moses Cone Affiliated Physicians Inc
501(c)(3) · Physicians · NC · controlled entity
Directly controlled by MC Parent
-
Alamance Regional Medical Center Inc
501(c)(3) · Operations · NC · controlled entity
Directly controlled by ARMC HC
-
The Moses H Cone Memorial Hospital Inc
501(c)(3) · Parent · NC
Directly controlled by NA
-
Alamance Regional Medical Center Foundat
501(c)(3) · Funding · NC · controlled entity
Directly controlled by ARMC HC
-
Moses Cone Medical Services Inc
501(c)(3) · Physicians · NC · controlled entity
Directly controlled by MC Parent
-
Moses H Cone Memorial Hospital Oper Corp
501(c)(3) · Operations · NC · controlled entity
Directly controlled by MC Parent
-
501(c)(3) · Operations · NC · controlled entity
Directly controlled by MC Parent
-
501(c)(3) · Physicians · NC · controlled entity
Directly controlled by MC Affil Phy
-
Moses Cone Physician Services Inc
501(c)(3) · Physicians · NC · controlled entity
Directly controlled by MC Parent
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.
-
Cone Health Connected Care LLC
N/A · For Profit HC · NC · general or managing partner
Directly controlled by WLCHS
-
NSC Greensboro West LLC
N/A · Physicians · AL
Directly controlled by MC Med Svcs
-
Cone Health Ventures LLC
N/A · Innovation · NC · general or managing partner
Directly controlled by WLCHS
-
HTA Holdings LLC
N/A · 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 · controlled entity
Directly controlled by MC Parent
-
Insurance Casualty and Risk Enterprise
C · Self Insuranc · CJ · 100% owned · 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
- 1 July 2024
- IRS schema version
- 2022v5.0
- Source object
- 202422279349302352
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