Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $212,025

• 2a · Program service revenue: NET PATIENT REVENUE

  total $34,022,935 · related or exempt $34,022,935

• 3 · Investment income

  total $65,519 · excluded $65,519

• 6a · Gross rents

  real property $1,061

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $1,061

• 6d · Net rental income or loss

  total $1,061 · excluded $1,061

• 7a · Gross sales of assets other than inventory

  other assets $11,973

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

  other assets $0

• 7c · Gain or loss

  other assets $11,973

• 7d · Net gain or loss

  total $11,973 · excluded $11,973

• 11a · Other revenue: CAFETERIA MEALS

  total $77,810 · excluded $77,810

• 11b · Other revenue: MISCELLANEOUS REVENUE

  total $7,481 · excluded $7,481

• 11c · Other revenue: ADMINISTRATION

  total $4,015 · related or exempt $4,015

• 11e · Other revenue, total

  $89,306

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $9,060,386 · program services $8,842,996 · management and general $217,390

• 8 · Pension plan contributions

  total $704,874 · program services $704,874

• 9 · Other employee benefits

  total $2,376,994 · program services $2,376,994

• 11b · Fees: legal

  total $9,472 · program services $5,472 · management and general $4,000

• 11c · Fees: accounting

  total $33,790 · management and general $33,790

• 11g · Fees: other

  total $3,323,459 · program services $3,024,891 · management and general $298,568

• 12 · Advertising and promotion

  total $886 · management and general $886

• 13 · Office expenses

  total $368,945 · program services $352,700 · management and general $16,245

• 14 · Information technology

  total $57,027 · program services $51,864 · management and general $5,163

• 16 · Occupancy

  total $1,046,967 · program services $1,046,126 · management and general $841

• 17 · Travel

  total $6,548 · program services $6,199 · management and general $349

• 19 · Conferences, conventions and meetings

  total $26,461 · program services $22,586 · management and general $3,875

• 22 · Depreciation, depletion and amortization

  total $1,394,546 · program services $1,357,928 · management and general $36,618

• 23 · Insurance

  total $248,608 · program services $248,608

• 24a · Other expenses: CONTRACT LABOR

  total $6,687,190 · program services $6,363,462 · management and general $323,728

• 24b · Other expenses: CORPORATE SUPPORT

  total $4,692,948 · program services $4,692,948

• 24c · Other expenses: MEDICAL SUPPLIES

  total $3,914,644 · program services $3,914,424 · management and general $220

• 24d · Other expenses: PHARMACEUTICALS

  total $1,614,907 · program services $1,614,907

• 24e · All other expenses

  total $1,899,985 · program services $1,823,177 · management and general $76,808

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $22,934,769 · end of year $14,547,094

• 3 · Pledges and grants receivable

  beginning of year $39,523 · end of year $50,000

• 4 · Accounts receivable

  beginning of year $5,524,403 · end of year $4,600,679

• 8 · Inventories for sale or use

  beginning of year $740,538 · end of year $667,079

• 9 · Prepaid expenses and deferred charges

  beginning of year $214,596 · end of year $298,415

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

  $8,725,005

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

  $2,150,393

• 10c · Land, buildings and equipment, net

  beginning of year $7,604,684 · end of year $6,574,612

• 15 · Other assets

  beginning of year $2,755,589 · end of year $5,961,102

• 17 · Accounts payable and accrued expenses

  beginning of year $1,998,283 · end of year $1,877,402

• 19 · Deferred revenue

  beginning of year $477,707

• 25 · Other liabilities

  beginning of year $12,288,442 · end of year $1,384,700

• 27 · Net assets without donor restrictions

  beginning of year $25,049,670 · end of year $29,436,879

The filer's explanations (Part III)

PART I, LINE 3

PART I, LINE 3: METHODS TO ESTABLISH COMPENSATION PENDER MEMORIAL HOSPITAL FOLLOWS NOVANT HEALTH NEW HANOVER REGIONAL MEDICAL CENTER, LLC ("NHNHRMC") POLICY ON COMPENSATION. THE BOARD IS RESPONSIBLE FOR APPROVING THE TOTAL ANNUAL COMPENSATION BUDGET FOR THE MEDICAL CENTER. THE PRESIDENT/CEO, IN ACCORDANCE WITH THE EXECUTIVE COMPENSATION PHILOSOPHY, WILL RECOMMEND FOR APPROVAL BY THE EXECUTIVE COMMITTEE THE LEVEL OF COMPENSATION PAID TO UPPER LEVEL MANAGERS OF THE MEDICAL CENTER. RECOMMENDATIONS WILL BE DEVELOPED UTILIZING COMPETITIVE MARKET DATA SUPPLIED BY AN INDEPENDENT COMPENSATION CONSULTING FIRM AS OUTLINED IN THE EXECUTIVE COMPENSATION PHILOSOPHY AND APPROVED BY THE EXECUTIVE COMMITTEE. COMPENSATION FOR UPPER LEVEL MANAGERS WILL BE REVIEWED AT LEAST ANNUALLY.

PART I, LINE 4B

PART I, LINES 4A-C: SEVERANCE, NONQUALIFIED, AND EQUITY-BASED PAYMENTS SEVERANCE NONE NONQUALIFIED RUTH GLASER $35,999 FRED HARGETT $11,892 EQUITY-BASED NONE

PART I, LINE 4B: SUPPLEMENTAL NONQUALIFIED RETIREMENT PLANS

THE SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN ("SERP") IS INTENDED TO SUPPORT RETENTION OF KEY EXECUTIVES, AND TO OFFER COMPETITIVE TOTAL COMPENSATION. GENERALLY, ANNUAL CONTRIBUTIONS TO THE PLAN OR PAYMENTS TO PARTICIPANTS WILL BE BASED ON A PERCENTAGE OF THE PARTICIPANT'S BASE SALARY AS OF JANUARY 1ST OF THE PREVIOUS PLAN YEAR AND ARE REPORTED IN COLUMN (C) OF SCHEDULE J. PRIOR TO MAKING THE CONTRIBUTIONS OR PAYMENTS, THE NOVANT HEALTH COMPENSATION AND LEADERSHIP COMMITTEE ("COMMITTEE") WILL APPROVE THE AMOUNTS AS TO REASONABLENESS, WHEN COMBINED WITH ALL OTHER ANNUAL COMPENSATION. A 3 YEAR CLASS-YEAR VESTING PERIOD WILL APPLY UP TO AGE 62, WHEN ALL MONEY WOULD BE VESTED AND PAID OUT TO THE PARTICIPANT. OTHERWISE, VESTING WILL OCCUR ON JANUARY 1ST OF EACH YEAR FOR THE APPROPRIATE CLASS-YEAR VESTING PERIOD. THE COMMITTEE REVIEWS, APPROVES, AND OVERSEES ALL ASPECTS AND ALL ELEMENTS OF EXECUTIVE COMPENSATION AND BENEFITS.

Related corporations and trusts

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

• ADEPT HEALTH INC

  C · ADMIN SERVICES · NC

• CHOICEHEALTH INC

  C · MANAGED CARE · NC

• COMMUNICARE INC

  C · RENTAL REAL ESTATE · NC

• KERNERSVILLE MEDICAL CENTER PARK OWNERS' ASSOCIATION

  C · RENTAL REAL ESTATE · NC

• MEDQUEST INC & SUBSIDIARIES

  C · DIAGNOSTIC IMAGING · DE

• SALEM DIAGNOSTICS INC

  C · HEALTH RELATED · NC

• SALEM HEALTH SERVICES INC

  C · HEALTH RELATED · NC

• THE PARK AT MONROE PROPERTY OWNERS ASSOCIATION INC

  C · RENTAL REAL ESTATE · NC