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Nonprofiteer
← WMC PUBLIC BENEFIT CORPORATION

Form 990 for tax year 2024

Filed by WMC PUBLIC BENEFIT CORPORATION.

Totals

Total revenue
$2,910,360
Total expenses
$2,301,711
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$2,910,191
Investment income
$169
Other revenue
$0
Total assets, end of year
$44,487,508
Total liabilities, end of year
$10,097,900
Net assets or fund balances, end of year
$34,389,608
Program services expenses (Part IX)
$2,301,711
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$2,301,711

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.

  • 2a · Program service revenue: HOSPITAL FACILITY/EQUIPMENT

    total $2,910,191 · related or exempt $2,910,191

  • 3 · Investment income

    total $169 · related or exempt $169

Functional expenses

Part IX, the statement of functional expenses.

  • 20 · Interest

    total $766,316 · program services $766,316

  • 22 · Depreciation, depletion and amortization

    total $1,535,359 · program services $1,535,359

  • 24a · Other expenses: BANK SERVICE CHARGES

    total $36 · program services $36

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $29,502 · end of year $29,636

  • 4 · Accounts receivable

    beginning of year $2,843,791 · end of year $4,752,399

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

    $55,075,711

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

    $15,370,238

  • 10c · Land, buildings and equipment, net

    beginning of year $41,240,833 · end of year $39,705,473

  • 23 · Secured mortgages and notes payable

    beginning of year $10,268,981 · end of year $10,034,006

  • 25 · Other liabilities

    beginning of year $64,186 · end of year $63,894

  • 27 · Net assets without donor restrictions

    beginning of year $33,780,959 · end of year $34,389,608

Mission and programs · 2024

Mission

Withheld by Nonprofiteer: this text may name a private individual.

Activities or mission (Part I)

Withheld by Nonprofiteer: this text may name a private individual.

  • WMC PUBLIC BENEFIT CORPORATION "LESSOR" ENTERED INTO A LEASE AGREEMENT WIT WINSTON COUNTY MEDICAL FOUNDATION "LESSEE" ON DECEMBER 14, 2015 "THE COMMENCEMENT DATE". THE INTENT OF THE LESSOR AND LESSEE IS THAT THE LESSO SHALL PROVIDE AND LEASE TO THE LESSEE THE LAND AND HOSPITAL FACILITY WHICH CONSIST OF VARIOUS BUILDINGS AND A PARKING AREA. THE TERM OF THIS AGREEMENT BEGAN ON THE COMMENCEMENT DATE AND SHALL CONTINUE FOR A PERIOD OF THIRTY YEARS. WMC PUBLIC BENEFIT CORPORATION "LESSOR" ENTERED INTO A SEPARATE LEASE AGREEMENT WITH WINSTON COUNTY MEDICAL FOUNDATION "LESSEE" O DECEMBER 14, 2015 "THE COMMENCEMENT DATE". THE INTENT OF THE LESSOR AND LESSEE IS THAT THE LESSOR SHALL PROVIDE AND LEASE TO THE LESSEE VARIOUS EQUIPMENT. THE TERM OF THIS AGREEMENT BEGAN ON THE COMMENCEMENT DATE AND SHALL CONTINUE FOR A PERIOD OF SEVEN YEARS.

    Expenses $2,301,711 · Revenue $2,910,191

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Don Brantley

    TRUSTEE

    Total calculated
    $0

  • Britt Hamill

    TRUSTEE

    Total calculated
    $0

  • Mary Tabor

    TRUSTEE

    Total calculated
    $0

  • Dow Thomas

    TRUSTEE

    Total calculated
    $0

  • Terry Woods

    TRUSTEE

    Total calculated
    $0

  • Michael Nester

    CEO

    Total calculated
    $0

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.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
30 October 2025
IRS schema version
2024v5.0
Source object
202523039349301542

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