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Nonprofiteer
← CHATHAM HOSPITAL INC

Form 990 for tax year 2024

Filed by CHATHAM HOSPITAL INC.

Totals

Total revenue
$68,266,257
Total expenses
$63,376,063
Contributions and grants received
$0
Grants paid
$1,000
Program service revenue
$66,084,030
Investment income
$119,705
Other revenue
$2,062,522
Total assets, end of year
$45,111,075
Total liabilities, end of year
$52,591,977
Net assets or fund balances, end of year
-$7,480,902
Program services expenses (Part IX)
$58,278,904
Management and general expenses
$5,097,159
Fundraising expenses
$0
Program service expenses (Part III)
$58,278,904

Program services were 92.0% 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 $65,675,683 · related or exempt $65,536,627 · unrelated business $139,056

  • 2b · Program service revenue: OTHER REVENUE

    total $408,347 · related or exempt $128,636 · excluded $279,711

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $119,705 · excluded $119,705

  • 6a · Gross rents

    real property $419,306

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $419,306 · personal property $0

  • 6d · Net rental income or loss

    total $419,306 · excluded $419,306

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11a · Other revenue: OTHER REVENUE

    total $1,643,216 · related or exempt $1,643,216

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $1,643,216

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,000 · program services $1,000

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $448,732 · management and general $448,732

  • 7 · Other salaries and wages

    total $14,012,095 · program services $12,751,006 · management and general $1,261,089

  • 8 · Pension plan contributions

    total $597,687 · program services $543,895 · management and general $53,792

  • 9 · Other employee benefits

    total $1,842,843 · program services $1,676,987 · management and general $165,856

  • 10 · Payroll taxes

    total $1,074,894 · program services $978,154 · management and general $96,740

  • 11d · Fees: lobbying

    total $3,008 · management and general $3,008

  • 11g · Fees: other

    total $18,520,661 · program services $17,202,970 · management and general $1,317,691 · fundraising $0

  • 12 · Advertising and promotion

    total $12,034 · program services $10,951 · management and general $1,083

  • 13 · Office expenses

    total $418,499 · program services $380,834 · management and general $37,665

  • 14 · Information technology

    total $27,366 · program services $24,903 · management and general $2,463

  • 16 · Occupancy

    total $606,226 · program services $551,666 · management and general $54,560

  • 17 · Travel

    total $16,121 · program services $14,670 · management and general $1,451

  • 20 · Interest

    total $371,114 · program services $337,714 · management and general $33,400

  • 21 · Payments to affiliates

    total $5,419,808 · program services $5,419,808

  • 22 · Depreciation, depletion and amortization

    total $2,412,772 · program services $2,195,622 · management and general $217,150

  • 23 · Insurance

    total $417,820 · program services $380,216 · management and general $37,604

  • 24a · Other expenses: HOME OFFICE ALLOCATION

    total $6,896,955 · program services $6,276,229 · management and general $620,726

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $5,502,320 · program services $5,502,320

  • 24c · Other expenses: PATIENT CARE SUPPLIES & SERVICES

    total $3,678,394 · program services $3,678,394

  • 24d · Other expenses: MINOR EQUIPMENT AND R&M

    total $709,379 · management and general $709,379

  • 24e · All other expenses

    total $386,335 · program services $351,565 · management and general $34,770 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $10,136,611 · end of year $11,477,048

  • 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 $8,214,188 · end of year $11,127,653

  • 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 $735,926 · end of year $808,559

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,484,768 · end of year $1,608,812

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

    $48,660,034

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

    $29,108,801

  • 10c · Land, buildings and equipment, net

    beginning of year $19,524,296 · end of year $19,551,233

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $501,889 · end of year $537,770

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $38,989,992 · end of year $38,376,474

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $113,668 · end of year $1,673,316

  • 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 $1,017,507 · end of year $1,372,367

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $12,882,149 · end of year $11,169,820

  • 27 · Net assets without donor restrictions

    beginning of year -$12,405,638 · end of year -$7,480,902

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

To support the health and well-being of those we serve through quality, equitable healthcare and to build partnerships within our diverse community.

  • CHATHAM HOSPITAL IS A 25-BED CRITICAL ACCESS HOSPITAL LOCATED IN SILER CITY, NC THAT IS PART OF THE UNC HEALTH SYSTEM. WITH A LONG HISTORY OF PROVIDING HIGH QUALITY HEALTH CARE TO THE RESIDENTS OF CHATHAM AND SURROUNDING COUNTIES, CHATHAM HOSPITAL HAS RECEIVED MULTIPLE FIVE-STAR RATINGS FOR PATIENT EXPERIENCE FROM THE CENTERS FOR MEDICARE & MEDICAID SERVICES. THE HOSPITAL, ACCREDITED BY THE JOINT COMMISSION, PROVIDES SURGICAL, MEDICAL, PEDIATRIC, MATERNITY AND EMERGENCY SERVICES. COMMUNITY BASED OUTPATIENT SERVICES IN THE AREA OF DIABETES EDUCATION, LABORATORY, PHYSICAL THERAPY, OCCUPATIONAL THERAPY, SPEECH THERAPY, IMAGING, CARDIAC REHABILITATION AND PULMONARY REHABILITATION ARE ALSO OFFERED. AS A CRITICAL ACCESS HOSPITAL, CHATHAM HOSPITAL IS ABLE TO UTILIZE BEDS, TO NOT ONLY MEET THE NEEDS OF ACUTE PATIENT CARE, BUT TO ALSO PROVIDE POST-ACUTE CARE TO PATIENTS WHO NO LONGER REQUIRE ACUTE MEDICAL CARE, BUT NEED ADDITIONAL TIME AND CARE FOR STRENGTHENING AND RECOVERY BEFORE RETURNING HOME. THE 11-BED EMERGENCY DEPARTMENT PROVIDES FULL-SERVICE AROUND THE CLOCK CARE TO MORE THAN 1,370 ADULTS AND CHILDREN EACH MONTH. UNC HEALTH BASES AN ALS AMBULANCE ON THE GROUNDS OF CHATHAM HOSPITAL. IN SEPTEMBER 2020, CHATHAM HOSPITAL OPENED A $2.6 MILLION MATERNITY CARE CENTER. THE CHATHAM HOSPITAL MATERNITY CARE CENTER IS CLOSE TO HOME AND PROVIDES COMPASSIONATE AND EXPERT CARE FOR MOTHERS AND THEIR NEWBORNS. THE OPENING IS THE FIRST TIME SINCE 1992 THAT CHATHAM HOSPITAL HAS OFFERED MATERNITY SERVICES. DESPITE MANY RURAL HEALTHCARE FACILITIES CLOSING MATERNITY CARE WARDS ACROSS THE NATION, CHATHAM HOSPITAL'S VENTURE IS PART OF UNC HEALTH'S RURAL CARE INITIATIVE. THIS SYSTEM INITIATIVE IS DESIGNED TO BRING MUCH NEEDED SERVICES TO WHERE PATIENTS LIVE.

    Expenses $58,278,904 · Grants $1,000 · Revenue $67,308,479

As filed on the 2024 return.

Listed in Part VII

  • Andrew Hannapel mD

    Director/CMO

    Total calculated
    $0
    Hours/week
    60

  • Eric Wolak

    Director/COO & CNO

    Total calculated
    $283,315
    From this org
    $254,586
    From related orgs
    $0
    Other
    $28,729
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $192,345
    Bonus
    $58,379
    Other
    $3,862
    Deferred
    $11,282
    Nontaxable benefits
    $17,447
    Filer's total
    $283,315

  • Franklin Gomez-Flores

    Director/Vice Chairman

    Total calculated
    $0
    Hours/week
    5

  • Jeff Strickler

    Director/President & CEO

    Total calculated
    $524,111
    From this org
    $0
    From related orgs
    $398,488
    Other
    $125,623
    Hours/week
    30 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $280,380 related
    Bonus
    $0 + $110,332 related
    Other
    $0 + $7,776 related
    Deferred
    $0 + $109,301 related
    Nontaxable benefits
    $0 + $16,322 related
    Filer's total
    $0 + $524,111 related

  • Mark Hall

    Director/Chairman

    Total calculated
    $0
    Hours/week
    5

  • Michael Bunch

    Director/CFO

    Total calculated
    $528,811
    From this org
    $0
    From related orgs
    $403,155
    Other
    $125,656
    Hours/week
    8 + 52 related

    Schedule J breakdown matched by us

    Base
    $0 + $284,686 related
    Bonus
    $0 + $102,653 related
    Other
    $0 + $15,816 related
    Deferred
    $0 + $109,334 related
    Nontaxable benefits
    $0 + $16,322 related
    Filer's total
    $0 + $528,811 related

  • Amir Aghajanian MD

    Director

    Total calculated
    $722,612
    From this org
    $0
    From related orgs
    $678,603
    Other
    $44,009
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $0 + $480,748 related
    Bonus
    $0 + $197,855 related
    Other
    $0
    Deferred
    $0 + $15,887 related
    Nontaxable benefits
    $0 + $28,122 related
    Filer's total
    $0 + $722,612 related

  • Angelynn McClary

    Director

    Total calculated
    $0
    Hours/week
    2

  • Anne Schwankl

    Director

    Total calculated
    $0
    Hours/week
    2

  • Ashlyn Martin

    Director

    Total calculated
    $0
    Hours/week
    2

  • David Poe

    Director

    Total calculated
    $0
    Hours/week
    2

  • Jennifer Platt

    Director

    Total calculated
    $0
    Hours/week
    2

  • Leisa Powell

    Director

    Total calculated
    $195,883
    From this org
    $0
    From related orgs
    $149,530
    Other
    $46,353
    Hours/week
    2 + 58 related

    Schedule J breakdown matched by us

    Base
    $0 + $125,794 related
    Bonus
    $0 + $19,680 related
    Other
    $0 + $4,056 related
    Deferred
    $0 + $38,258 related
    Nontaxable benefits
    $0 + $8,095 related
    Filer's total
    $0 + $195,883 related

  • Meghan McCann

    Director

    Total calculated
    $459,678
    From this org
    $0
    From related orgs
    $366,615
    Other
    $93,063
    Hours/week
    2 + 58 related

    Schedule J breakdown matched by us

    Base
    $0 + $270,939 related
    Bonus
    $0 + $95,076 related
    Other
    $0 + $600 related
    Deferred
    $0 + $62,616 related
    Nontaxable benefits
    $0 + $30,447 related
    Filer's total
    $0 + $459,678 related

  • Michael Zelek

    Director

    Total calculated
    $0
    Hours/week
    2

  • Michelle Burton

    Director

    Total calculated
    $0
    Hours/week
    2

  • Misty Drake

    Director

    Total calculated
    $0
    Hours/week
    2

  • Udobi Campbell

    Director

    Total calculated
    $499,182
    From this org
    $0
    From related orgs
    $378,610
    Other
    $120,572
    Hours/week
    2 + 58 related

    Schedule J breakdown matched by us

    Base
    $0 + $260,351 related
    Bonus
    $0 + $93,630 related
    Other
    $0 + $24,629 related
    Deferred
    $0 + $104,250 related
    Nontaxable benefits
    $0 + $16,322 related
    Filer's total
    $0 + $499,182 related

  • Woodward Burgert III MD

    Director

    Total calculated
    $340,258
    From this org
    $0
    From related orgs
    $291,828
    Other
    $48,430
    Hours/week
    2 + 58 related

    Schedule J breakdown matched by us

    Base
    $0 + $245,590 related
    Bonus
    $0 + $46,238 related
    Other
    $0
    Deferred
    $0 + $24,901 related
    Nontaxable benefits
    $0 + $23,529 related
    Filer's total
    $0 + $340,258 related

  • Allison Bolin

    Director of Surgical Operations

    Total calculated
    $179,706
    From this org
    $145,343
    From related orgs
    $0
    Other
    $34,363
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $128,089
    Bonus
    $17,254
    Other
    $0
    Deferred
    $2,305
    Nontaxable benefits
    $32,058
    Filer's total
    $179,706

  • Beverly Carpenter

    Patient Services Manager I

    Total calculated
    $162,490
    From this org
    $139,598
    From related orgs
    $0
    Other
    $22,892
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $121,176
    Bonus
    $18,422
    Other
    $0
    Deferred
    $2,688
    Nontaxable benefits
    $20,204
    Filer's total
    $162,490

  • Donna Sessoms

    Director of Surgical Services

    Total calculated
    $216,030
    From this org
    $165,820
    From related orgs
    $0
    Other
    $50,210
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $128,803
    Bonus
    $21,017
    Other
    $16,000
    Deferred
    $42,115
    Nontaxable benefits
    $8,095
    Filer's total
    $216,030

  • Rachel Brewer

    Admin Coordinator/Nursing

    Total calculated
    $184,408
    From this org
    $137,719
    From related orgs
    $0
    Other
    $46,689
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $114,404
    Bonus
    $16,130
    Other
    $7,185
    Deferred
    $28,643
    Nontaxable benefits
    $18,046
    Filer's total
    $184,408

  • Scott Ratcliff

    HCS Director Imaging Services

    Total calculated
    $159,711
    From this org
    $142,193
    From related orgs
    $0
    Other
    $17,518
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $137,501
    Bonus
    $4,692
    Other
    $0
    Deferred
    $4,199
    Nontaxable benefits
    $13,319
    Filer's total
    $159,711

  • Shelley Louya

    Patient Services Manager II

    Total calculated
    $186,443
    From this org
    $164,609
    From related orgs
    $0
    Other
    $21,834
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $148,822
    Bonus
    $9,565
    Other
    $6,222
    Deferred
    $3,211
    Nontaxable benefits
    $18,623
    Filer's total
    $186,443

  • Jeff LeGay

    Former CFO

    Total calculated
    $352,363
    From this org
    $0
    From related orgs
    $319,846
    Other
    $32,517
    Hours/week
    0 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $251,543 related
    Bonus
    $0 + $59,083 related
    Other
    $0 + $9,220 related
    Deferred
    $0 + $12,831 related
    Nontaxable benefits
    $0 + $19,686 related
    Filer's total
    $0 + $352,363 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
  • 6a · Pay contingent on this organization's net earnings
  • 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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I Line 6 - COMP. CONTINGENT ON NET EARNINGS OF ORGANIZATION & RELATED ORGANIZATIONS
EMPLOYEES IN MANAGERIAL ROLES PARTICIPATE IN AN INCENTIVE COMPENSATION PLAN APPROVED ANNUALLY BY THE UNC HCS BOARD OF DIRECTORS. THE COMPENSATION EARNED UNDER THIS PLAN IS BASED PARTLY ON THE NET EARNINGS OF THE ORGANIZATION AND THE UNC HCS. OTHER PERFORMANCE MEASURES USED TO DETERMINE INCENTIVE COMPENSATION ARE PATIENT SATISFACTION, PATIENT CARE QUALITY OUTCOMES AND INNOVATIVE INITIATIVES TO IMPROVE OPERATIONS AND CARE DELIVERY.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • CHATHAM IMAGING SVCS OF PITTSBORO LLC

    IMAGING SVCS · NC · income $215,146 · assets $907,912

    Directly controlled by CHATHAM HOSPITAL

Related corporations and trusts

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

  • UNC PHYSICIANS NETWORK GRP PRACTICES LLC

    C Corporation · HEALTHCARE · NC

    Directly controlled by UNC HEALTHCARE

  • UNC PHYSICIANS GRP PRACTICES II LLC

    C Corporation · HEALTHCARE · NC

    Directly controlled by REX HEALTHCARE

  • UNC HEALTH INNOVATIONS INC

    C Corporation · OPERATION SUPPORT · NC

    Directly controlled by REX HEALTHCARE

Provenance

Return type
form_990
Tax year
2024
Filed
30 April 2026
IRS schema version
2024v5.1
Source object
202611209349301591

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