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Nonprofiteer
← CAROLINA HEALTHCARE ASSOCIATES INC

Form 990 for tax year 2023

Filed by CAROLINA HEALTHCARE ASSOCIATES INC.

Totals

Total revenue
$79,873,530
Total expenses
$79,873,530
Contributions and grants received
$6,924
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$79,866,606
Total assets, end of year
$33,524,953
Total liabilities, end of year
$7,126,439
Net assets or fund balances, end of year
$26,398,514
Program services expenses (Part IX)
$79,873,530
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$79,873,530

Program services were 100.0% 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

    $6,924

  • 11a · Other revenue: PROF SRVC AGRMT REIMB

    total $79,716,271 · excluded $79,716,271

  • 11b · Other revenue: MISCELLANEOUS REVENUE

    total $150,335 · excluded $150,335

  • 11e · Other revenue, total

    $79,866,606

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,522,003 · program services $1,522,003

  • 7 · Other salaries and wages

    total $59,914,111 · program services $59,914,111

  • 8 · Pension plan contributions

    total $2,262,864 · program services $2,262,864

  • 9 · Other employee benefits

    total $13,683,426 · program services $13,683,426

  • 11g · Fees: other

    total $333,843 · program services $333,843

  • 12 · Advertising and promotion

    total $1,004 · program services $1,004

  • 13 · Office expenses

    total $718,072 · program services $718,072

  • 14 · Information technology

    total $8,272 · program services $8,272

  • 16 · Occupancy

    total $9,851 · program services $9,851

  • 17 · Travel

    total $65,070 · program services $65,070

  • 19 · Conferences, conventions and meetings

    total $238,105 · program services $238,105

  • 23 · Insurance

    total $712,820 · program services $712,820

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $162,718 · program services $162,718

  • 24b · Other expenses: CONTRACT LABOR

    total $120,740 · program services $120,740

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $68,075 · program services $68,075

  • 24d · Other expenses: OTHER SUPPLIES

    total $37,661 · program services $37,661

  • 24e · All other expenses

    total $14,895 · program services $14,895

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $27,803,699 · end of year $10,431,306

  • 3 · Pledges and grants receivable

    beginning of year $47,838 · end of year $351,079

  • 4 · Accounts receivable

    beginning of year $185,987

  • 9 · Prepaid expenses and deferred charges

    beginning of year $48,586 · end of year $85,711

  • 15 · Other assets

    beginning of year $3,196,503 · end of year $22,656,857

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,884,099 · end of year $7,126,439

  • 27 · Net assets without donor restrictions

    beginning of year $26,398,514 · end of year $26,398,514

Mission and programs · 2023

Mission

SEE SCHEDULE O

  • THE ORGANIZATION PROVIDES HEALTHCARE SERVICES TO THE RESIDENTS OF NEW HANOVER COUNTY AND SURROUNDING AREAS. BEGINNING IN 2022, THE ORGANIZATION BEGAN A MULTI-STEP PROCESS OF UNWINDING TOWARD THE PLAN OF DISSOLUTION. HEALTHCARE REVENUE EARNED BY HEALTHCARE PROFESSIONALS OF THE FILING ORGANIZATION IS COLLECTED AND RECORDED BY AN AFFILIATED ORGANIZATION WITHIN THE NOVANT HEALTH SYSTEM. ASSETS OF THE FILING ORGANIZATION WERE SOLD TO THE SAME AFFLILIATED ORGANIZATION. EMPLOYEES OF THE FILING ORGANIZATION AND THEIR RELATED EXPENSES WILL BE TRANSITIONED TO THE SAME AFFLIATED ORGANIZATION COLLECTING HEALTHCARE REVENUE IN THE TWO FOLLOWING TAX YEARS.

    Expenses $79,873,530

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

Listed in Part VII

  • BARBARA BIEHNER

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.2 + 0.2 related

  • HEATHER DAVIS DO

    TRUSTEE (TO 8/15/23)/ SVP CCO

    Total calculated
    $695,369
    From this org
    $0
    From related orgs
    $662,899
    Other
    $32,470
    Hours/week
    0.2 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $397,971 related
    Bonus
    $0 + $202,800 related
    Other
    $0 + $62,128 related
    Deferred
    $0 + $19,800 related
    Nontaxable benefits
    $0 + $12,670 related
    Filer's total
    $0 + $695,369 related

  • JEROME FENNELL

    TRUSTEE (FR 8/16/23 TO 12/31/23)

    Total calculated
    $0
    Hours/week
    0.2 + 0.2 related

  • LARRY BEARD MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2

  • MICHAEL JASKOLKA MD

    TRUSTEE/PHYSICIAN

    Total calculated
    $1,522,003
    From this org
    $1,460,961
    From related orgs
    $0
    Other
    $61,042
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $1,429,487
    Bonus
    $5,000
    Other
    $26,474
    Deferred
    $19,800
    Nontaxable benefits
    $41,242
    Filer's total
    $1,522,003

  • MITCH LAMM

    CHAIR

    Total calculated
    $0
    Hours/week
    0.2

  • DANIEL GOODWIN

    PRES

    Total calculated
    $428,841
    From this org
    $0
    From related orgs
    $372,588
    Other
    $56,253
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $0 + $294,198 related
    Bonus
    $0 + $51,072 related
    Other
    $0 + $27,318 related
    Deferred
    $0 + $19,200 related
    Nontaxable benefits
    $0 + $37,053 related
    Filer's total
    $0 + $428,841 related

  • FRED HARGETT

    EVP/CFO (TO 9/6/23)

    Total calculated
    $2,451,375
    From this org
    $0
    From related orgs
    $2,400,670
    Other
    $50,705
    Hours/week
    0.2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $886,648 related
    Bonus
    $0 + $1,074,292 related
    Other
    $0 + $439,730 related
    Deferred
    $0 + $19,800 related
    Nontaxable benefits
    $0 + $30,905 related
    Filer's total
    $0 + $2,451,375 related

  • GEOFFREY GARDNER

    CFO (FR 9/6/23)

    Total calculated
    $1,037,855
    From this org
    $0
    From related orgs
    $909,106
    Other
    $128,749
    Hours/week
    0.2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $496,309 related
    Bonus
    $0 + $343,441 related
    Other
    $0 + $69,356 related
    Deferred
    $0 + $98,858 related
    Nontaxable benefits
    $0 + $29,891 related
    Filer's total
    $0 + $1,037,855 related

  • BRIAN GILMORE MD

    PHYSICIAN

    Total calculated
    $738,964
    From this org
    $683,754
    From related orgs
    $0
    Other
    $55,210
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $652,437
    Bonus
    $5,000
    Other
    $26,317
    Deferred
    $19,168
    Nontaxable benefits
    $36,042
    Filer's total
    $738,964

  • ELIZABETH ACQUISTA MD

    FACULTY/PHYSICIAN

    Total calculated
    $715,360
    From this org
    $650,746
    From related orgs
    $5,550
    Other
    $59,064
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $642,912
    Bonus
    $5,004
    Other
    $2,830 + $5,550 related
    Deferred
    $20,988
    Nontaxable benefits
    $38,077
    Filer's total
    $709,811 + $5,550 related

  • NASAR SIDDIQI MD

    PHYSICIAN

    Total calculated
    $992,918
    From this org
    $960,546
    From related orgs
    $0
    Other
    $32,372
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $930,141
    Bonus
    $5,000
    Other
    $25,405
    Deferred
    $19,800
    Nontaxable benefits
    $12,572
    Filer's total
    $992,918

  • OLUWOLE ODUNUSI MD

    PHYSICIAN

    Total calculated
    $1,051,059
    From this org
    $992,932
    From related orgs
    $0
    Other
    $58,127
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $987,404
    Bonus
    $5,000
    Other
    $528
    Deferred
    $20,527
    Nontaxable benefits
    $37,600
    Filer's total
    $1,051,059

  • WILLIAM HOPE MD

    PROGRAM DIR/FACULTY PHYSICIAN

    Total calculated
    $671,927
    From this org
    $615,160
    From related orgs
    $0
    Other
    $56,767
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $606,377
    Bonus
    $5,000
    Other
    $3,783
    Deferred
    $19,800
    Nontaxable benefits
    $36,967
    Filer's total
    $671,927

  • AMY MESSIER MD

    FMR OFFICER (12/31/21)

    Total calculated
    $566,638
    From this org
    $0
    From related orgs
    $513,273
    Other
    $53,365
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $415,653 related
    Bonus
    $0 + $69,182 related
    Other
    $0 + $28,438 related
    Deferred
    $0 + $18,380 related
    Nontaxable benefits
    $0 + $34,985 related
    Filer's total
    $0 + $566,638 related

  • JOHN HOWARD

    FMR OFFICER (12/31/22)

    Total calculated
    $1,229,911
    From this org
    $0
    From related orgs
    $1,183,912
    Other
    $45,999
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $443,140 related
    Bonus
    $0 + $546,420 related
    Other
    $0 + $194,352 related
    Deferred
    $0 + $19,800 related
    Nontaxable benefits
    $0 + $26,199 related
    Filer's total
    $0 + $1,229,911 related

  • JOHN MANN MD

    FMR OFFICER (12/31/22)

    Total calculated
    $1,287,480
    From this org
    $0
    From related orgs
    $1,119,764
    Other
    $167,716
    Hours/week
    0 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $615,875 related
    Bonus
    $0 + $418,901 related
    Other
    $0 + $84,988 related
    Deferred
    $0 + $117,815 related
    Nontaxable benefits
    $0 + $49,901 related
    Filer's total
    $0 + $1,287,480 related

  • NAVIN BHOJWANI MD

    FMR OFFICER (12/31/22)

    Total calculated
    $1,177,848
    From this org
    $0
    From related orgs
    $1,032,953
    Other
    $144,895
    Hours/week
    0 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $550,439 related
    Bonus
    $0 + $395,029 related
    Other
    $0 + $87,485 related
    Deferred
    $0 + $107,160 related
    Nontaxable benefits
    $0 + $37,735 related
    Filer's total
    $0 + $1,177,848 related

  • PAMELA OLIVER MD

    FMR OFFICER (12/31/22)

    Total calculated
    $1,919,426
    From this org
    $0
    From related orgs
    $1,687,459
    Other
    $231,967
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $803,939 related
    Bonus
    $0 + $705,890 related
    Other
    $0 + $177,630 related
    Deferred
    $0 + $197,000 related
    Nontaxable benefits
    $0 + $34,967 related
    Filer's total
    $0 + $1,919,426 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

  • 1a · First-class or charter travel
  • 1a · Travel for companions
  • 1a · Discretionary spending account
  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
FRINGE OR EXPENSE EXPLANATION FIRST-CLASS OR CHARTER TRAVEL: FIRST-CLASS OR CHARTER TRAVEL IS NOT A COVERED TRAVEL EXPENSE FOR EXECUTIVES; THEY ARE LIMITED TO BUSINESS OR COACH CLASS FARES FOR COMMERCIAL FLIGHTS. HOWEVER, CHARTER TRAVEL IS AVAILABLE TO CERTAIN EXECUTIVES, BOARD MEMBERS, AND APPROVED BUSINESS PERSONNEL MEETING APPLICABLE POLICY CRITERIA. TRAVEL FOR COMPANIONS: COMPANIONS ARE ALLOWED ON CERTAIN CHARTER FLIGHTS PAID FOR BY THE ORGANIZATION. IN THAT CASE, THE VALUE OF THE COMPANION'S FLIGHT IS CALCULATED UNDER APPLICABLE TAX LAWS AND THAT AMOUNT IS INCLUDED IN THE EXECUTIVE'S TAXABLE INCOME AS PRESCRIBED BY THE APPLICABLE TAX LAWS. DISCRETIONARY SPENDING ACCOUNT: CERTAIN EXECUTIVES RECEIVE A DISCRETIONARY SPENDING ACCOUNT. THE DOLLAR AMOUNT IN THE ACCOUNT IS PRE-APPROVED BY THE COMPENSATION AND LEADERSHIP COMMITTEE OF THE NOVANT HEALTH BOARD OF TRUSTEES. THE EXECUTIVE MAY DEFER THE AMOUNT TO A RETIREMENT ACCOUNT OR THE AMOUNT IS TREATED AS COMPENSATION AND IS SPREAD OUT OVER THE COURSE OF THE YEAR IN THE EXECUTIVE'S PAYCHECKS AS TAXABLE INCOME. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: WE PROVIDE TEMPORARY HOUSING ALLOWANCES IN CERTAIN EXECUTIVE RECRUITMENT AND RELOCATION PACKAGES. THE VALUE IS CALCULATED UNDER APPLICABLE TAX LAWS AND THAT AMOUNT IS INCLUDED IN THE EXECUTIVE'S INCOME AS PRESCRIBED BY THE APPLICABLE TAX LAWS.
PART I, LINE 3
PART I, LINE 3: THE FILING ORGANIZATION IS AN INTEGRAL PART OF NOVANT HEALTH, AN INTEGRATED HEALTHCARE SYSTEM AND RELIES UPON NOVANT HEALTH, INC., THE PARENT ORGANIZATION, TO USE THE PROCESS DESCRIBED IN PART VI, LINE 15A/15B OF THIS RETURN TO ESTABLISH COMPENSATION FOR CERTAIN EXECUTIVES. THIS PROCESS ADHERES TO THE REQUIREMENTS SET FORTH TO SECURE THE REBUTTABLE PRESUMPTION OF REASONABLENESS AND INCLUDES A REVIEW AND APPROVAL BY INDEPENDENT AND DISINTERESTED MEMBERS OF A COMPENSATION COMMITTEE, CONSULTATION WITH INDEPENDENT COMPENSATION CONSULTANTS, THE UTILIZATION OF THIRD-PARTY COMPARABILITY DATA SUCH AS PUBLISHED COMPENSATION SURVEYS, AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION.
PART I, LINES 4A-B
PART I, LINES 4A-C: SEVERANCE, NONQUALIFIED, AND EQUITY-BASED PAYMENTS SEVERANCE JOHN HOWARD $109,803 NONQUALIFIED AMY MESSIER MD $4,423 GEOFFREY GARDNER $25,993 JOHN HOWARD $52,123 JOHN MANN MD $35,792 NAVIN BHOJWANI MD $41,907 PAMELA OLIVER MD $126,079 EQUITY-BASED NONE
PART I, LINE 4A - SEVERANCE PLAN:
ELIGIBLE EXECUTIVES MAY RECEIVE SEVERANCE PAY THAT IS BASED ON ANNUAL COMPENSATION FOR A SPECIFIED PERIOD OF TIME. THE SEVERANCE PAY WOULD BE PAID ONLY IN THE EVENT OF CERTAIN TYPES OF EMPLOYMENT TERMINATION, AND IS FURTHER CONTINGENT ON THE SATISFACTION OF OTHER CONDITIONS SUCH AS COMPLIANCE WITH A NON-COMPETITION COVENANT. ANY CURRENT YEAR PAYMENTS HAVE BEEN INCLUDED IN THE COMPENSATION AMOUNTS REPORTED IN PART VII AND IN COLUMN (B)(III) OF SCHEDULE J. THE COMPENSATION AND LEADERSHIP COMMITTEE OF THE NOVANT HEALTH BOARD REVIEWS, APPROVES, AND OVERSEES ALL ASPECTS AND ALL ELEMENTS OF EXECUTIVE COMPENSATION AND BENEFITS, INCLUDING THE AMOUNTS AWARDED UNDER THIS SEVERANCE PLAN.
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, INCLUDING THE AMOUNTS AWARDED UNDER THIS SERP.

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 corporations and trusts

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

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202403199349309745

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