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Nonprofiteer
← WRMC HOSPITAL OPERATING CORPORATION

Form 990 for tax year 2024

Filed by WRMC HOSPITAL OPERATING CORPORATION.

Totals

Total revenue
$156,144,073
Total expenses
$139,606,758
Contributions and grants received
$595,718
Grants paid
$3,961
Program service revenue
$154,738,111
Investment income
$730,095
Other revenue
$80,149
Total assets, end of year
$123,704,292
Total liabilities, end of year
$31,762,363
Net assets or fund balances, end of year
$91,941,929
Program services expenses (Part IX)
$131,881,747
Management and general expenses
$7,725,011
Fundraising expenses
$0
Program service expenses (Part III)
$131,881,747

Program services were 94.5% 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

    $466,726

  • 1f · All other contributions, gifts and grants

    $128,992

  • 2a · Program service revenue: PATIENT SERVICE REVENUE

    total $154,355,568 · related or exempt $154,355,568

  • 2b · Program service revenue: DIETARY REVENUE

    total $382,543 · related or exempt $382,543

  • 3 · Investment income

    total $645,391 · excluded $645,391

  • 6a · Gross rents

    real property $80,149

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $80,149

  • 6d · Net rental income or loss

    total $80,149 · excluded $80,149

  • 7a · Gross sales of assets other than inventory

    securities $84,704

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

    securities $0

  • 7c · Gain or loss

    securities $84,704

  • 7d · Net gain or loss

    total $84,704 · excluded $84,704

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $3,961 · program services $3,961

  • 5 · Compensation of officers, directors and key employees

    total $714,274 · program services $357,137 · management and general $357,137

  • 7 · Other salaries and wages

    total $51,330,583 · program services $47,655,417 · management and general $3,675,166

  • 8 · Pension plan contributions

    total $2,274,339 · program services $2,111,501 · management and general $162,838

  • 9 · Other employee benefits

    total $8,473,201 · program services $7,866,537 · management and general $606,664

  • 10 · Payroll taxes

    total $3,287,271 · program services $3,051,909 · management and general $235,362

  • 11c · Fees: accounting

    total $31,500 · management and general $31,500

  • 11d · Fees: lobbying

    total $8,684 · program services $8,684

  • 11f · Fees: investment management

    total $84,796 · program services $55,199 · management and general $29,597

  • 11g · Fees: other

    total $8,950,129 · program services $8,180,599 · management and general $769,530

  • 13 · Office expenses

    total $553,583 · program services $504,252 · management and general $49,331

  • 14 · Information technology

    total $63,145 · program services $57,518 · management and general $5,627

  • 16 · Occupancy

    total $3,276,664 · program services $2,984,676 · management and general $291,988

  • 17 · Travel

    total $133,895 · program services $121,963 · management and general $11,932

  • 19 · Conferences, conventions and meetings

    total $16,901 · program services $15,395 · management and general $1,506

  • 20 · Interest

    total $850,477 · program services $553,629 · management and general $296,848

  • 22 · Depreciation, depletion and amortization

    total $8,585,601 · program services $7,639,613 · management and general $945,988

  • 23 · Insurance

    total $49,161 · program services $49,161

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $26,876,943 · program services $26,876,943

  • 24b · Other expenses: BAD DEBT

    total $12,879,957 · program services $12,879,957

  • 24c · Other expenses: PROVIDER ASSESSMENT TAX

    total $8,311,373 · program services $8,311,373

  • 24d · Other expenses: OTHER SUPPLIES

    total $2,850,320 · program services $2,596,323 · management and general $253,997

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $65,008 · end of year $5,850

  • 2 · Savings and temporary cash investments

    beginning of year $3,758,222 · end of year $0

  • 4 · Accounts receivable

    beginning of year $15,367,729 · end of year $18,894,721

  • 8 · Inventories for sale or use

    beginning of year $3,166,090 · end of year $3,027,716

  • 9 · Prepaid expenses and deferred charges

    beginning of year $659,045 · end of year $642,878

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

    $78,655,547

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

    $29,178,215

  • 10c · Land, buildings and equipment, net

    beginning of year $49,236,884 · end of year $49,477,332

  • 11 · Investments: publicly traded securities

    beginning of year $15,886,457 · end of year $16,559,085

  • 13 · Investments: program-related

    beginning of year $2,195,286 · end of year $2,508,792

  • 14 · Intangible assets

    beginning of year $36,038,317 · end of year $32,034,060

  • 15 · Other assets

    beginning of year $207,886 · end of year $553,858

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,254,736 · end of year $1,825,405

  • 19 · Deferred revenue

    beginning of year $1,010,841 · end of year $1,718,874

  • 23 · Secured mortgages and notes payable

    beginning of year $20,970,816 · end of year $20,706,172

  • 25 · Other liabilities

    beginning of year $29,333,539 · end of year $7,511,912

  • 27 · Net assets without donor restrictions

    beginning of year $73,956,323 · end of year $91,907,582

  • 28 · Net assets with donor restrictions

    beginning of year $54,669 · end of year $34,347

Mission and programs · 2024

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 2024, THE HOSPITAL FACILITY HAD APPROXIMATELY 16,800 PATIENT DAYS, INCLUDING APPROXIMATELY 4,300 ADMISSIONS, AND APPROXIMATELY 30,300 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 WILKES 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, WORK 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 2024, ATRIUM HEALTH WAKE FOREST BAPTIST WILKES MEDICAL CENTER EARNED THE U.S. ENVIRONMENTAL PROTECTION AGENCY'S ENERGY STAR CERTIFICATION FOR SUPERIOR ENERGY PERFORMANCE. ENERGY STAR-CERTIFIED BUILDINGS AND PLANTS ARE VERIFIED TO PERFORM IN THE TOP 25% OF BUILDINGS NATIONWIDE, BASED ON WEATHER-NORMALIZED SOURCE ENERGY USE THAT CONSIDERS OCCUPANCY, HOURS OF OPERATION AND OTHER KEY METRICS. ENERGY STAR IS THE ONLY ENERGY EFFICIENCY CERTIFICATION IN THE NATION THAT IS BASED ON ACTUAL, VERIFIED ENERGY PERFORMANCE.

    Expenses $131,881,747 · Grants $3,961 · Revenue $154,738,111

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Chad Brown

    CHAIR & PRESIDENT

    Total calculated
    $590,162
    From this org
    $0
    From related orgs
    $537,777
    Other
    $52,385
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $351,266 related
    Bonus
    $0 + $118,768 related
    Other
    $0 + $67,743 related
    Deferred
    $0 + $25,389 related
    Nontaxable benefits
    $0 + $26,996 related
    Filer's total
    $0 + $590,162 related

  • Deborah Harding Dnp

    BOARD MEMBER (TO 7/31/24)

    Total calculated
    $802,095
    From this org
    $0
    From related orgs
    $752,480
    Other
    $49,615
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $236,901 related
    Bonus
    $0 + $140,841 related
    Other
    $0 + $374,738 related
    Deferred
    $0 + $35,837 related
    Nontaxable benefits
    $0 + $13,778 related
    Filer's total
    $0 + $802,095 related

  • James Atkins MD

    BOARD MEMBER (TO 12/5/24)

    Total calculated
    $0
    Hours/week
    1 + 39 related

  • Jena Folger

    BOARD MEMBER

    Total calculated
    $688,518
    From this org
    $0
    From related orgs
    $641,783
    Other
    $46,735
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $374,207 related
    Bonus
    $0 + $232,222 related
    Other
    $0 + $35,354 related
    Deferred
    $0 + $25,992 related
    Nontaxable benefits
    $0 + $20,743 related
    Filer's total
    $0 + $688,518 related

  • Joseph Calvert MD

    BOARD MEMBER (TO 10/31/24)

    Total calculated
    $0
    Hours/week
    1 + 39 related

  • Michael T Waid

    BOARD MEMBER

    Total calculated
    $887,425
    From this org
    $0
    From related orgs
    $836,668
    Other
    $50,757
    Hours/week
    0.7 + 39.3 related

    Schedule J breakdown matched by us

    Base
    $0 + $482,960 related
    Bonus
    $0 + $234,168 related
    Other
    $0 + $119,540 related
    Deferred
    $0 + $23,435 related
    Nontaxable benefits
    $0 + $27,322 related
    Filer's total
    $0 + $887,425 related

  • Peter Matthew Belford MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 39 related

  • Stephan L Lillie

    BOARD MEMBER

    Total calculated
    $728,685
    From this org
    $0
    From related orgs
    $666,639
    Other
    $62,046
    Hours/week
    0.8 + 39.2 related

    Schedule J breakdown matched by us

    Base
    $0 + $409,266 related
    Bonus
    $0 + $256,504 related
    Other
    $0 + $869 related
    Deferred
    $0 + $25,707 related
    Nontaxable benefits
    $0 + $36,339 related
    Filer's total
    $0 + $728,685 related

  • David Zaas MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 39 related

  • Suneel Kumar Parvathareddy MD

    BOARD MEMBER (FR 11/1/24)

    Total calculated
    $457,446
    From this org
    $0
    From related orgs
    $402,831
    Other
    $54,615
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $379,374 related
    Bonus
    $0
    Other
    $0 + $23,457 related
    Deferred
    $0 + $25,992 related
    Nontaxable benefits
    $0 + $28,623 related
    Filer's total
    $0 + $457,446 related

  • Barry Wald

    ASST TREASURER (TO 10/25/24)

    Total calculated
    $258,753
    From this org
    $0
    From related orgs
    $227,747
    Other
    $31,006
    Hours/week
    30 + 10 related

    Schedule J breakdown matched by us

    Base
    $0 + $195,462 related
    Bonus
    $0 + $31,847 related
    Other
    $0 + $438 related
    Deferred
    $0 + $15,806 related
    Nontaxable benefits
    $0 + $15,200 related
    Filer's total
    $0 + $258,753 related

  • Bradley A Clark

    TREASURER

    Total calculated
    $2,933,092
    From this org
    $2,513,703
    From related orgs
    $0
    Other
    $419,389
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $1,697,429
    Bonus
    $713,004
    Other
    $103,270
    Deferred
    $390,217
    Nontaxable benefits
    $29,172
    Filer's total
    $2,933,092

  • J McLain Wallace Jr

    SECRETARY

    Total calculated
    $1,689,329
    From this org
    $0
    From related orgs
    $1,659,102
    Other
    $30,227
    Hours/week
    0.8 + 39.2 related

    Schedule J breakdown matched by us

    Base
    $0 + $599,511 related
    Bonus
    $0 + $371,024 related
    Other
    $0 + $688,567 related
    Deferred
    $0 + $22,898 related
    Nontaxable benefits
    $0 + $7,329 related
    Filer's total
    $0 + $1,689,329 related

  • Lori McNeil

    ASST SECRETARY

    Total calculated
    $83,011
    From this org
    $0
    From related orgs
    $52,910
    Other
    $30,101
    Hours/week
    40

  • Cheryl Moore

    CLINICAL INSTRUCTOR CRNA

    Total calculated
    $341,287
    From this org
    $0
    From related orgs
    $291,852
    Other
    $49,435
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $272,133 related
    Bonus
    $0 + $12,000 related
    Other
    $0 + $7,719 related
    Deferred
    $0 + $19,809 related
    Nontaxable benefits
    $0 + $29,626 related
    Filer's total
    $0 + $341,287 related

  • Jason Yockey

    CHIEF CRNA

    Total calculated
    $356,544
    From this org
    $0
    From related orgs
    $308,581
    Other
    $47,963
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $307,974 related
    Bonus
    $0
    Other
    $0 + $607 related
    Deferred
    $0 + $21,770 related
    Nontaxable benefits
    $0 + $26,193 related
    Filer's total
    $0 + $356,544 related

  • John Riedel

    CLINICAL INSTRUCTOR CRNA

    Total calculated
    $294,569
    From this org
    $0
    From related orgs
    $248,809
    Other
    $45,760
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $248,336 related
    Bonus
    $0
    Other
    $0 + $473 related
    Deferred
    $0 + $17,967 related
    Nontaxable benefits
    $0 + $27,793 related
    Filer's total
    $0 + $294,569 related

  • Aaron Elliott

    CLINICAL INSTRUCTOR CRNA

    Total calculated
    $290,123
    From this org
    $0
    From related orgs
    $271,254
    Other
    $18,869
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $255,689 related
    Bonus
    $0 + $15,051 related
    Other
    $0 + $514 related
    Deferred
    $0 + $16,488 related
    Nontaxable benefits
    $0 + $2,381 related
    Filer's total
    $0 + $290,123 related

  • Susan Bachmeier

    CHIEF NURSING OFFICER

    Total calculated
    $278,269
    From this org
    $0
    From related orgs
    $243,635
    Other
    $34,634
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $212,919 related
    Bonus
    $0 + $28,727 related
    Other
    $0 + $1,989 related
    Deferred
    $0 + $16,576 related
    Nontaxable benefits
    $0 + $18,058 related
    Filer's total
    $0 + $278,269 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

  • 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, LINES 4A-B
CERTAIN DIRECTORS, OFFICERS, AND/OR HIGHLY COMPENSATED EMPLOYEES OF THE FILING ORGANIZATION PARTICIPATED IN AND/OR RECEIVED PAYMENTS FROM A NON-QUALIFIED DEFERRED COMPENSATION PLAN (RESTORATION OR SERP) AND/OR RECEIVED PAYMENTS FOR SEVERANCE. THE DETERMINATION OF THE PAYMENT AMOUNT FROM NON-QUALIFIED DEFERRED COMPENSATION PLANS FOLLOWED THE EMPLOYMENT ORGANIZATION'S COMPENSATION PROCEDURES. THE FOLLOWING DIRECTORS, OFFICERS, AND/OR HIGHLY COMPENSATED EMPLOYEES RECEIVED PAYMENTS FOR SEVERANCE AND/OR PAYMENTS FROM NON-QUALIFIED DEFERRED COMPENSATION PLANS DURING THE CURRENT TAX YEAR: SEVERANCE PAYMENTS: DEBORAH HARDING, DNP 165,136 NON-QUALIFIED DEFERRED COMPENSATION PLAN CHAD BROWN 43,882 BRADLEY A. CLARK 362,617 JENA FOLGER 34,069 MICHAEL T. WAID 91,858 J. MCLAIN WALLACE, JR. 682,207
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

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 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
2024
Filed
12 November 2025
IRS schema version
2024v5.2
Source object
202543219349303979

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