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Nonprofiteer
← WRMC HOSPITAL OPERATING CORPORATION

Form 990 for tax year 2023

Filed by WRMC HOSPITAL OPERATING CORPORATION.

Totals

Total revenue
$143,778,273
Total expenses
$136,791,307
Contributions and grants received
$175,488
Grants paid
$668,417
Program service revenue
$143,184,627
Investment income
$233,440
Other revenue
$184,718
Total assets, end of year
$126,580,924
Total liabilities, end of year
$52,569,932
Net assets or fund balances, end of year
$74,010,992
Program services expenses (Part IX)
$126,982,344
Management and general expenses
$9,808,963
Fundraising expenses
$0
Program service expenses (Part III)
$126,982,344

Program services were 92.8% 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.

  • 1f · All other contributions, gifts and grants

    $175,488

  • 2a · Program service revenue: PATIENT SERVICE REVENUE

    total $142,837,991 · related or exempt $142,837,991

  • 2b · Program service revenue: DIETARY REVENUE

    total $346,636 · related or exempt $346,636

  • 3 · Investment income

    total $371,383 · excluded $371,383

  • 6a · Gross rents

    real property $184,718

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $184,718

  • 6d · Net rental income or loss

    total $184,718 · excluded $184,718

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

    securities $137,943

  • 7c · Gain or loss

    securities -$137,943

  • 7d · Net gain or loss

    total -$137,943 · excluded -$137,943

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $664,667 · program services $664,667

  • 2 · Grants to domestic individuals

    total $3,750 · program services $3,750

  • 5 · Compensation of officers, directors and key employees

    total $640,164 · program services $320,082 · management and general $320,082

  • 7 · Other salaries and wages

    total $49,464,912 · program services $44,433,958 · management and general $5,030,954

  • 8 · Pension plan contributions

    total $2,507,460 · program services $2,252,432 · management and general $255,028

  • 9 · Other employee benefits

    total $8,524,276 · program services $7,657,293 · management and general $866,983

  • 10 · Payroll taxes

    total $2,849,982 · program services $2,560,117 · management and general $289,865

  • 11b · Fees: legal

    total $5,460 · program services $5,460

  • 11c · Fees: accounting

    total $14,235 · management and general $14,235

  • 11d · Fees: lobbying

    total $8,296 · program services $8,296

  • 11f · Fees: investment management

    total $243,501 · program services $161,901 · management and general $81,600

  • 11g · Fees: other

    total $12,878,708 · program services $12,354,817 · management and general $523,891

  • 13 · Office expenses

    total $573,777 · program services $461,684 · management and general $112,093

  • 14 · Information technology

    total $113,951 · program services $91,690 · management and general $22,261

  • 16 · Occupancy

    total $3,207,018 · program services $2,580,496 · management and general $626,522

  • 17 · Travel

    total $92,885 · program services $74,739 · management and general $18,146

  • 19 · Conferences, conventions and meetings

    total $14,237 · program services $11,456 · management and general $2,781

  • 20 · Interest

    total $859,939 · program services $571,764 · management and general $288,175

  • 22 · Depreciation, depletion and amortization

    total $8,896,009 · program services $7,779,310 · management and general $1,116,699

  • 23 · Insurance

    total $266,821 · program services $266,821

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $23,420,293 · program services $23,420,293

  • 24b · Other expenses: BAD DEBT

    total $15,090,876 · program services $15,090,876

  • 24c · Other expenses: PROVIDER ASSESSMENT TAX

    total $5,223,387 · program services $5,223,387

  • 24d · Other expenses: OTHER SUPPLIES

    total $1,226,703 · program services $987,055 · management and general $239,648

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $155,871 · end of year $65,008

  • 2 · Savings and temporary cash investments

    beginning of year $2,683,532 · end of year $3,758,222

  • 4 · Accounts receivable

    beginning of year $13,010,788 · end of year $15,367,729

  • 8 · Inventories for sale or use

    beginning of year $3,435,448 · end of year $3,166,090

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,427,210 · end of year $659,045

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

    $73,900,055

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

    $24,663,171

  • 10c · Land, buildings and equipment, net

    beginning of year $49,470,133 · end of year $49,236,884

  • 11 · Investments: publicly traded securities

    beginning of year $15,194,992 · end of year $15,886,457

  • 13 · Investments: program-related

    beginning of year $2,227,525 · end of year $2,195,286

  • 14 · Intangible assets

    beginning of year $40,042,574 · end of year $36,038,317

  • 15 · Other assets

    beginning of year $300,086 · end of year $207,886

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,439,591 · end of year $1,254,736

  • 19 · Deferred revenue

    beginning of year $1,008,246 · end of year $1,010,841

  • 23 · Secured mortgages and notes payable

    beginning of year $21,204,133 · end of year $20,970,816

  • 25 · Other liabilities

    beginning of year $38,450,374 · end of year $29,333,539

  • 27 · Net assets without donor restrictions

    beginning of year $65,841,146 · end of year $73,956,323

  • 28 · Net assets with donor restrictions

    beginning of year $4,669 · end of year $54,669

Mission and programs · 2023

Mission

SEE SCHEDULE O

Activities or mission (Part I)

TO IMPROVE HEALTH, ELEVATE HOPE, AND ADVANCE HEALING FOR ALL.

  • THE ORGANIZATION OPERATES A 130 ACUTE CARE BED HOSPITAL, INCLUDING A 10-BED SKILLED NURSING UNIT, PROVIDING MEDICAL, EMERGENCY, AND OUTPATIENT CARE SERVICES TO THE RESIDENTS OF ALLEGHANY, ALEXANDER, ASHE, CALDWELL, IREDELL, SURRY, WATAUGA, AND WILKES COUNTIES. THE ORGANIZATION SERVES AS A SATELLITE PROVIDER OF ATRIUM HEALTH WAKE FOREST BAPTIST (AHWFB) SPECIALTY SERVICES AT ITS NORTH WILKESBORO CAMPUS, INCLUDING CARDIOLOGY, IMAGING, ENT, GASTROENTEROLOGY, NEPHROLOGY, NEUROLOGY, OB/GYN, OPHTHALMOLOGY, PATHOLOGY, PEDIATRICS, ORTHOPEDICS, AND UROLOGY. THE ORGANIZATION IS ACCREDITED BY THE JOINT COMMISSION ON ACCREDITATION OF HEALTHCARE ORGANIZATIONS AND HAS BEEN COMMITTED TO SERVING THE HEALTHCARE NEEDS OF WILKES COUNTY SINCE 1952. DURING CALENDAR YEAR 2023, THE HOSPITAL FACILITY HAD APPROXIMATELY 17,200 PATIENT DAYS, INCLUDING APPROXIMATELY 4,000 ADMISSIONS, AND APPROXIMATELY 29,800 EMERGENCY DEPARTMENT VISITS. THE ORGANIZATION PROVIDES NUMEROUS RESOURCES, ACTIVITIES, AND PROGRAMS TO SERVE THE HEALTH NEEDS OF ITS COMMUNITY. THESE PROGRAMS INCLUDE: --FAITHHEALTHNC AN INITIATIVE THAT CONNECTS THE CARING STRENGTHS OF CONGREGATIONS, THE CLINICAL EXPERTISE OF PROVIDERS, AND A NETWORK OF COMMUNITY RESOURCES TO EASE THOSE ON THE JOURNEY TO HEALTH AND HEALING WHILE STRENGTHENING COMMUNITIES IN THE PROCESS. THERE ARE FAITHHEALTH CONNECTORS IN DAVIDSON COUNTY THAT SERVE MARGINALIZED POPULATIONS AND GIVE VOICE TO HEALTH DISPARITIES IN THE COMMUNITIES SURROUNDING THE MEDICAL CENTER.-- ATHLETIC TRAINERS CERTIFIED ATHLETIC TRAINERS (ATC), PROVIDED BY AHWFB, WORKS FULL-TIME IN THE PUBLIC HIGH SCHOOLS IN WILKES COUNTY THAT HAVE ATHLETIC PROGRAMS. THE ATC'S WORKS WITH STUDENT ATHLETES AND THEIR COACHES TO HELP KEEP THE ATHLETES SAFE AND HEALTHY AND TO TREAT AND HELP REHABILITATE SPORTS-RELATED INJURIES. -- CARE CONNECTION PHARMACY PROGRAM THAT PROVIDES FREE AND DISCOUNTED DRUGS TO THOSE UNABLE TO PAY FOR MEDICATIONS. IN RECENT YEARS, GRANT FUNDING RECEIVED FROM THE NC HEALTH AND WELLNESS TRUST FUND COMMISSION WAS USED TO UPGRADE THE TECHNOLOGY AND FUNDING OF THE PHARMACY. FOR EACH DOLLAR INVESTED IN THE PROGRAM, AN ESTIMATED $9 RETAIL VALUE OF PRESCRIPTION DRUGS HAVE BEEN ACQUIRED FOR QUALIFYING CITIZENS OF WILKES COUNTY. THIS PROGRAM ENABLES PATIENTS TO STAY COMPLIANT WITH THEIR MEDICAL TREATMENT PLAN AND REDUCE THE OCCURRENCE OF READMISSION. AHWFB-WMC ALSO SUPPORTS A SYRINGE EXCHANGE PROGRAM (SEP) AT THE PHARMACY. IN ADDITION TO COMMUNITY PROGRAMS, THE HOSPITAL REGULARLY REINVESTS FUNDS IN MEDICAL TECHNOLOGIES AND STATE-OF-THE-ART EQUIPMENT TO BETTER MEET THE NEEDS OF THE COMMUNITY. HOSPITAL LEADERSHIP WORKS DIRECTLY WITH THE WILKES MEDICAL CENTER FOUNDATION TO IDENTIFY AND VALIDATE GRANT PROPOSALS THAT ADDRESS ITS COMMUNITY HEALTH NEEDS ASSESSMENT. ATRIUM HEALTH WAKE FOREST BAPTIST LAUNCHED A NEW VIRTUAL SERVICE TO BETTER AND MORE QUICKLY MEET THE NEEDS OF PATIENTS HOSPITALIZED AT THE HEALTH SYSTEM'S HOSPITALS IN NORTH WILKESBORO AND LEXINGTON, NORTH CAROLINA. IN 2023, ATRIUM HEALTH WAKE FOREST BAPTIST WILKES MEDICAL CENTER ADDED COMPREHENSIVE SEXUAL ASSAULT NURSE EXAMINER (SANE) EXAMS FOR PATIENTS 16 YEARS OF AGE AND OLDER. SANE NURSES ARE REGISTERED NURSES WHO HAVE UNDERGONE ADDITIONAL, SPECIALIZED TRAINING TO CARE FOR THOSE EXPERIENCING HEALTH EFFECTS ASSOCIATED WITH SEXUAL ASSAULT. PRIOR TO OFFERING THIS SERVICE, PATIENTS WHO EXPERIENCED SEXUAL ASSAULT HAD TO BE TRANSFERRED TO ATRIUM HEALTH WAKE FOREST BAPTIST MEDICAL CENTER IN WINSTON-SALEM, NC TO RECEIVE A COMPREHENSIVE FORENSIC EXAM BY A TRAINED SANE NURSE. HAVING THESE SERVICES AVAILABLE LOCALLY ALLOWS PROVIDERS TO PROVIDE SAFE AND MORE COMPASSIONATE CARE TO ALREADY VULNERABLE PATIENTS. ALSO IN 2023, AHWFB BEGAN INSTALLING WALK-THROUGH METAL DETECTORS AT EMERGENCY DEPARTMENTS ACROSS THE HEALTH SYSTEM, INCLUDING ATRIUM HEALTH WAKE FOREST BAPTIST WILKES MEDICAL CENTER. THE REGISTRATION AND METAL SCREENING PROCESSES ARE PART OF AN OVERALL STRATEGY TO CREATE A SAFER ENVIRONMENT BY MINIMIZING THE OPPORTUNITY FOR VIOLENT EVENTS INVOLVING WEAPONS. AMNESTY BOXES ARE ALSO INSTALLED OUTSIDE OF THE EMERGENCY DEPARTMENTS FOR PATIENTS AND VISITORS TO VOLUNTARILY DISCARD PROHIBITED ITEMS, SUCH AS KNIVES AND FIREARMS, BEFORE THEY ENTER.

    Expenses $126,982,344 · Grants $668,417 · Revenue $143,184,627

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

Listed in Part VII

  • Bradley A Clark

    TREASURER

    Total calculated
    $1,577,771
    From this org
    $1,431,976
    From related orgs
    $0
    Other
    $145,795
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $991,783
    Bonus
    $356,324
    Other
    $83,869
    Deferred
    $109,999
    Nontaxable benefits
    $35,796
    Filer's total
    $1,577,771

  • J McLain Wallace Jr

    SECRETARY

    Total calculated
    $1,019,508
    From this org
    $0
    From related orgs
    $983,574
    Other
    $35,934
    Hours/week
    0.8 + 39.2 related

    Schedule J breakdown matched by us

    Base
    $0 + $611,075 related
    Bonus
    $0 + $228,185 related
    Other
    $0 + $144,314 related
    Deferred
    $0 + $20,425 related
    Nontaxable benefits
    $0 + $15,509 related
    Filer's total
    $0 + $1,019,508 related

  • Michael T Waid

    CHAIR

    Total calculated
    $855,814
    From this org
    $0
    From related orgs
    $797,934
    Other
    $57,880
    Hours/week
    0.7 + 39.3 related

    Schedule J breakdown matched by us

    Base
    $0 + $492,096 related
    Bonus
    $0 + $187,259 related
    Other
    $0 + $118,579 related
    Deferred
    $0 + $22,775 related
    Nontaxable benefits
    $0 + $35,105 related
    Filer's total
    $0 + $855,814 related

  • Stephan L Lillie

    BOARD MEMBER

    Total calculated
    $606,226
    From this org
    $0
    From related orgs
    $572,269
    Other
    $33,957
    Hours/week
    0.8 + 39.2 related

    Schedule J breakdown matched by us

    Base
    $0 + $430,988 related
    Bonus
    $0 + $140,400 related
    Other
    $0 + $881 related
    Deferred
    $0 + $23,265 related
    Nontaxable benefits
    $0 + $10,692 related
    Filer's total
    $0 + $606,226 related

  • Deborah Harding Dnp

    BOARD MEMBER

    Total calculated
    $599,068
    From this org
    $0
    From related orgs
    $526,303
    Other
    $72,765
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $402,655 related
    Bonus
    $0 + $117,439 related
    Other
    $0 + $6,209 related
    Deferred
    $0 + $34,711 related
    Nontaxable benefits
    $0 + $38,054 related
    Filer's total
    $0 + $599,068 related

  • Jena Folger

    BOARD MEMBER

    Total calculated
    $540,540
    From this org
    $0
    From related orgs
    $491,375
    Other
    $49,165
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $359,408 related
    Bonus
    $0 + $97,510 related
    Other
    $0 + $34,457 related
    Deferred
    $0 + $24,894 related
    Nontaxable benefits
    $0 + $24,271 related
    Filer's total
    $0 + $540,540 related

  • Chad Brown

    BOARD MEMBER & PRESIDENT

    Total calculated
    $530,351
    From this org
    $0
    From related orgs
    $475,430
    Other
    $54,921
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $321,782 related
    Bonus
    $0 + $99,710 related
    Other
    $0 + $53,938 related
    Deferred
    $0 + $23,000 related
    Nontaxable benefits
    $0 + $31,921 related
    Filer's total
    $0 + $530,351 related

  • Joshua Troyer

    CLINICAL INSTRUCTOR CRNA

    Total calculated
    $363,299
    From this org
    $0
    From related orgs
    $310,848
    Other
    $52,451
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $310,664 related
    Bonus
    $0
    Other
    $0 + $184 related
    Deferred
    $0 + $23,715 related
    Nontaxable benefits
    $0 + $28,736 related
    Filer's total
    $0 + $363,299 related

  • Jason Yockey

    CHIEF CRNA

    Total calculated
    $336,250
    From this org
    $0
    From related orgs
    $281,168
    Other
    $55,082
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $280,586 related
    Bonus
    $0
    Other
    $0 + $582 related
    Deferred
    $0 + $20,338 related
    Nontaxable benefits
    $0 + $34,744 related
    Filer's total
    $0 + $336,250 related

  • John Riedel

    CLINICAL INSTRUCTOR CRNA

    Total calculated
    $289,031
    From this org
    $0
    From related orgs
    $241,848
    Other
    $47,183
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $241,397 related
    Bonus
    $0
    Other
    $0 + $451 related
    Deferred
    $0 + $17,571 related
    Nontaxable benefits
    $0 + $29,612 related
    Filer's total
    $0 + $289,031 related

  • Aaron Elliott

    CLINICAL INSTRUCTOR CRNA

    Total calculated
    $287,197
    From this org
    $0
    From related orgs
    $265,995
    Other
    $21,202
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $253,505 related
    Bonus
    $0 + $12,000 related
    Other
    $0 + $490 related
    Deferred
    $0 + $18,132 related
    Nontaxable benefits
    $0 + $3,070 related
    Filer's total
    $0 + $287,197 related

  • Barry Wald

    ASST TREASURER

    Total calculated
    $282,465
    From this org
    $0
    From related orgs
    $245,756
    Other
    $36,709
    Hours/week
    30 + 10 related

    Schedule J breakdown matched by us

    Base
    $0 + $219,323 related
    Bonus
    $0 + $25,955 related
    Other
    $0 + $478 related
    Deferred
    $0 + $17,715 related
    Nontaxable benefits
    $0 + $18,994 related
    Filer's total
    $0 + $282,465 related

  • Kristie Bryan

    CLINICAL INSTRUCTOR CRNA

    Total calculated
    $263,318
    From this org
    $0
    From related orgs
    $225,867
    Other
    $37,451
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $225,721 related
    Bonus
    $0
    Other
    $0 + $146 related
    Deferred
    $0 + $16,156 related
    Nontaxable benefits
    $0 + $21,295 related
    Filer's total
    $0 + $263,318 related

  • Lori McNeil

    ASST SECRETARY

    Total calculated
    $82,196
    From this org
    $0
    From related orgs
    $50,930
    Other
    $31,266
    Hours/week
    40

  • David W Zaas MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 39 related

  • James Atkins MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 39 related

  • Joseph Calvert MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 39 related

  • Peter Matthew Belford MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 39 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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 4B
CERTAIN DIRECTORS AND OFFICERS OF THE FILING ORGANIZATION PARTICIPATED IN AND/OR RECEIVED PAYMENTS FROM A NON-QUALIFIED DEFERRED COMPENSATION PLAN (RESTORATION OR SERP). THE DETERMINATION OF THE PAYMENT AMOUNT FROM THE NON-QUALIFIED DEFERRED COMPENSATION PLANS FOLLOWED THE EMPLOYMENT ORGANIZATION'S COMPENSATION PROCEDURES. THE FOLLOWING DIRECTORS AND OFFICERS RECEIVED PAYMENTS FROM NON-QUALIFIED DEFERRED COMPENSATION PLANS DURING THE CURRENT TAX YEAR: CHAD BROWN 29,631 BRADLEY A. CLARK 80,393 MICHAEL T. WAID 91,177 J. MCLAIN WALLACE, JR. 114,290 JENA FOLGER 29,632
FORM 990, PART VII, LINE 5 - COMPENSATION FROM UNRELATED ORGANIZATION
BRADLEY A. CLARK WAS COMPENSATED BY THE CHARLOTTE-MECKLENBURG HOSPITAL AUTHORITY (CMHA, DOING BUSINESS AS ATRIUM HEALTH), AN AFFILIATED BUT UNRELATED ORGANIZATION, FOR SERVICES RENDERED TO THE ORGANIZATION. SEE PART VII AND SCHEDULE J FOR COMPENSATION.

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

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • MS LAND HOLDING CO LLC

    REAL ESTATE · NC

  • HHI-WS LLC

    N/A · INVESTMENT · NC

Related corporations and trusts

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

  • HIGH POINT HEALTH CARE VENTURES INC

    C · REAL ESTATE · NC

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202433209349301333

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