Form 990 for tax year 2022

Filed by REX HOSPITAL INC.

Totals

Total revenue: $1,623,067,183
Total expenses: $1,623,015,427
Contributions and grants received: $92,599
Grants paid: $1,260
Program service revenue: $1,613,896,057
Investment income: $1,580,848
Other revenue: $7,497,679
Total assets, end of year: $1,816,056,463
Total liabilities, end of year: $870,955,650
Net assets or fund balances, end of year: $945,100,813
Program services expenses (Part IX): $1,372,275,142
Management and general expenses: $250,740,285
Fundraising expenses: $0
Program service expenses (Part III): $1,372,275,142

Program services were 84.6% 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

$92,599
2a · Program service revenue: PATIENT SERVICE REVENUE

total $1,551,053,527 · related or exempt $1,545,302,909 · unrelated business $5,750,618 · excluded $0
2b · Program service revenue: ALL OTHER PROGRAM SERVICE REVENUE

total $62,842,530 · related or exempt $57,302,283 · unrelated business $45,889 · excluded $5,494,358
3 · Investment income

total $1,113,668 · excluded $1,113,668
4 · Income from investment of tax-exempt bond proceeds

total $0
5 · Royalties

total $0
6a · Gross rents

real property $3,282,377
6b · Less rental expenses

real property $925,293
6c · Rental income or loss

real property $2,357,084 · personal property $0
6d · Net rental income or loss

total $2,357,084 · excluded $2,357,084
7a · Gross sales of assets other than inventory

securities $1,345,794
7b · Less cost or other basis and sales expenses

securities $878,614
7c · Gain or loss

securities $467,180
7d · Net gain or loss

total $467,180 · excluded $467,180
8a · Fundraising events: gross income

$0
8b · Fundraising events: direct expenses

$0
8c · Net income from fundraising events

total $0
9a · Gaming: gross income

$0
9b · Gaming: direct expenses

$0
9c · Net income from gaming

total $0
10a · Gross sales of inventory

$0
10b · Cost of goods sold

$0
10c · Net income from sales of inventory

total $0
11a · Other revenue: CARES ACT STIMULUS

total $5,358,706 · related or exempt $5,358,706
11b · Other revenue: GAIN ON FIXED ASSET DISPOSAL

total $17,190 · excluded $17,190
11c · Other revenue: LOSS ON CIP DISPOSAL

total -$235,301 · excluded -$235,301
11e · Other revenue, total

$5,140,595

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $1,260 · program services $1,260
2 · Grants to domestic individuals

total $0
3 · Grants to foreign organizations and individuals

total $0
4 · Benefits paid to or for members

total $0
5 · Compensation of officers, directors and key employees

total $6,060,485 · management and general $6,060,485
6 · Compensation of disqualified persons

total $0
7 · Other salaries and wages

total $600,496,451 · program services $549,843,862 · management and general $50,652,589
8 · Pension plan contributions

total $32,871,098 · program services $31,250,553 · management and general $1,620,545
9 · Other employee benefits

total $55,857,458 · program services $49,590,250 · management and general $6,267,208
10 · Payroll taxes

total $40,127,991 · program services $35,312,632 · management and general $4,815,359
11a · Fees: management

total $0
11b · Fees: legal

total $442,400 · management and general $442,400
11c · Fees: accounting

total $216,500 · management and general $216,500
11d · Fees: lobbying

total $43,893 · management and general $43,893
11e · Fees: professional fundraising services

total $0
11f · Fees: investment management

total $1,266,039 · management and general $1,266,039
11g · Fees: other

total $52,728,120 · program services $47,982,590 · management and general $4,745,530
12 · Advertising and promotion

total $168,117 · program services $152,986 · management and general $15,131
13 · Office expenses

total $7,046,434 · program services $6,412,255 · management and general $634,179
14 · Information technology

total $2,004,063 · program services $1,823,697 · management and general $180,366
15 · Royalties

total $0
16 · Occupancy

total $14,776,952 · program services $13,447,026 · management and general $1,329,926
17 · Travel

total $2,395,307 · program services $2,179,729 · management and general $215,578
18 · Travel or entertainment for public officials

total $0
19 · Conferences, conventions and meetings

total $63,966 · management and general $63,966
20 · Interest

total $14,799,012 · program services $13,467,101 · management and general $1,331,911
21 · Payments to affiliates

total $42,755,480 · program services $42,755,480
22 · Depreciation, depletion and amortization

total $75,371,787 · program services $68,588,325 · management and general $6,783,462
23 · Insurance

total $11,934,099 · program services $10,860,030 · management and general $1,074,069
24a · Other expenses: PATIENT CARE SUPPLIES & SERVIC

total $405,062,346 · program services $405,062,346
24b · Other expenses: HOME OFFICE ALLOCATION

total $161,340,792 · management and general $161,340,792
24c · Other expenses: BAD DEBT EXPENSE

total $76,959,188 · program services $76,959,188
24d · Other expenses: MINOR EQUIPMNT AND R&M

total $6,522,646 · program services $5,935,608 · management and general $587,038
24e · All other expenses

total $11,703,543 · program services $10,650,224 · management and general $1,053,319

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $160,923,133 · end of year $27,803,766
2 · Savings and temporary cash investments

beginning of year $10,343 · end of year $0
3 · Pledges and grants receivable

beginning of year $0 · end of year $0
4 · Accounts receivable

beginning of year $208,224,700 · end of year $359,501,072
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 $26,240,168 · end of year $28,416,026
9 · Prepaid expenses and deferred charges

beginning of year $45,411,638 · end of year $68,439,493
10a · Land, buildings and equipment: cost or other basis

$1,282,264,544
10b · Land, buildings and equipment: accumulated depreciation

$639,583,201
10c · Land, buildings and equipment, net

beginning of year $591,718,473 · end of year $642,681,343
11 · Investments: publicly traded securities

beginning of year $627,205,440 · end of year $615,226,860
12 · Investments: other securities

beginning of year $28,538,559 · end of year $29,922,933
13 · Investments: program-related

beginning of year $0 · end of year $0
14 · Intangible assets

beginning of year $0 · end of year $0
15 · Other assets

beginning of year $111,690,955 · end of year $44,064,970
17 · Accounts payable and accrued expenses

beginning of year $209,941,343 · end of year $230,385,570
18 · Grants payable

beginning of year $0 · end of year $0
19 · Deferred revenue

beginning of year $17,473,362 · end of year $1,073,634
20 · Tax-exempt bond liabilities

beginning of year $437,200,401 · end of year $427,299,069
21 · Escrow or custodial account liability

beginning of year $26,087 · 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 $0 · end of year $0
24 · Unsecured notes and loans payable

beginning of year $0 · end of year $0
25 · Other liabilities

beginning of year $188,768,436 · end of year $212,197,377
27 · Net assets without donor restrictions

beginning of year $889,005,724 · end of year $945,741,280
28 · Net assets with donor restrictions

beginning of year $57,548,056 · end of year -$640,467

Mission and programs · 2022

Mission

TO IMPROVE THE HEALTH AND WELL-BEING OF NORTH CAROLINIANS AND OTHERS WHOM WE SERVE. WE ACCOMPLISH THIS BY PROVIDING LEADERSHIP AND EXCELLENCE IN THE INTERRELATED AREAS OF PATIENT CARE, EDUCATION, AND RESEARCH.

Activities or mission (Part I)

INSPIRING HOPE, IMPROVING HEALTH AND HEALING COMMUNITIES.

UNC REX IS WIDELY RECOGNIZED AS ONE OF THE TOP HOSPITALS IN NORTH CAROLINA AND THE NATION. UNC REX IS THE ONLY HOSPITAL IN NORTH CAROLINA TO RECEIVE STRAIGHT "A" GRADES FOR PATIENT SAFETY SINCE THE LEAPFROG GROUP BEGAN A NATIONAL HOSPITAL SAFETY SCORECARD IN 2012 - AND ONE OF ONLY 15 NATIONWIDE. BUSINESS NORTH CAROLINA MAGAZINE CONSISTENTLY NAMES UNC REX AS THE STATE'S TOP HOSPITALS ON ITS ANNUAL LIST. NEWSWEEK MAGAZINE INCLUDED UNC REX ON ITS RANKING OF THE "WORLD'S BEST HOSPITALS" FOR 2024. NEWSWEEK ALSO INCLUDED UNC REX ON ITS LIST OF THE "BEST MATERNITY CARE HOSPITALS," "AMERICA'S GREATEST WORKPLACES FOR JOB STARTERS 2024"AMERICA'S GREATEST WORKPLACES FOR WOMEN FOR 2024." UNC REX WAS ALSO NAMED THE TOP HOSPITAL IN THE REGION IN WRAL VOTERS' CHOICE AWARDS FOR 2023. UNC REX ACHIEVED A FIVE-STAR RATING FOR QUALITY OF CARE FROM THE CENTERS FOR MEDICARE AND MEDICAID SERVICES (CMS). THAT PUTS UNC REX IN THE TOP NINE PERCENT OF HOSPITALS NATIONWIDE. UNC REX IS ONE OF 13 HOSPITALS IN NORTH CAROLINA TO RECEIVE FIVE STARS FROM CMS. MORE THAN 10 YEARS AGO, UNC REX BECAME THE FIRST HOSPITAL IN THE TRIANGLE TO BE AWARDED MAGNET STATUS BY THE AMERICAN NURSES CREDENTIALING CENTER. IN 2020, UNC REX WAS RE-DESIGNATED MAGNET STATUS FOR THE FOURTH CONSECUTIVE TIME. THE MAGNET RECOGNITION PROGRAM RECOGNIZES HEALTH CARE ORGANIZATIONS FOR EXCELLENCE IN NURSING CARE. THIS AWARD PUTS UNC REX'S NURSES IN AN ELITE GROUP OF THE TOP 2 PERCENT OF NURSES IN THE NATION. UNC REX IS ONE OF THE LARGEST EMPLOYERS IN WAKE COUNTY, WITH MORE THAN 8,000 CO-WORKERS. UNC REX IS KNOWN FOR ITS EXCELLENT BENEFITS AND IS ROUTINELY RECOGNIZED BY LOCAL AND NATIONAL PUBLICATIONS AS A "BEST PLACE TO WORK." IN LATE 2021, UNC REX OPENED A NEW, 50-BED COMMUNITY HOSPITAL IN HOLLY SPRINGS. THE UNC REX HOLLY SPRINGS HOSPITAL OFFERS MUCH-NEEDED MEDICAL CARE AND SERVICES TO ALL RESIDENTS OF ONE OF THE TRIANGLE'S FASTEST-GROWING REGIONS, CLOSER TO HOME. UNC REX BEGAN EFFORTS MORE THAN A DECADE AGO TO EXPAND MEDICAL CARE IN THAT AREA, WHICH CONTINUES TO ATTRACT NEW RESIDENTS, FROM YOUNG FAMILIES TO RETIREES. THE 242,000 SQUARE-FOOT, EIGHT-STORY COMMUNITY HOSPITAL INCLUDES 50 INPATIENT BEDS, OPERATING ROOMS FOR A WIDE RANGE OF SURGERIES, A FULL-SERVICE EMERGENCY DEPARTMENT, MRI, RADIOLOGY, LABORATORY, PHARMACY AND MUCH MORE. THE HOSPITAL DELIVERS HUNDREDS OF BABIES EACH YEAR WITH SEVEN LABOR AND DELIVERY ROOMS, A C-SECTION OPERATING SUITE AND OB EMERGENCY BAYS. THE HOSPITAL EMPLOYS MORE THAN 400 PEOPLE. ALSO IN LATE 2018, UNC REX OPENED A NEW FOOD PANTRY TO SUPPORT PATIENTS AND THEIR FAMILIES WHO STRUGGLE WITH ACCESS TO HEALTHY FOOD. THE PANTRY IS A PARTNERSHIP BETWEEN UNC REX, FOOD LION AND THE FOOD BANK OF CENTRAL & EASTERN NORTH CAROLINA. IT'S ONE OF THE FIRST FOOD PANTRIES OPERATED BY A COMMUNITY HOSPITAL IN NORTH CAROLINA, AND ONE OF ONLY A HANDFUL ACROSS THE COUNTRY. PATIENTS AT UNC REX WHO INDICATE THAT THEY HAVE RECENTLY STRUGGLED WITH FOOD ACCESS, OR WHO ARE CONSIDERED FOOD INSECURE, ARE PRESCRIBED A VISIT TO THE FOOD PANTRY WITH THEIR HOSPITAL DISCHARGE PAPERWORK. THEY WILL RECEIVE A THREE-DAY SUPPLY OF HEALTHY FOOD, ENOUGH FOR A FAMILY OF FOUR, INCLUDING FRESH PRODUCE, STAPLE ITEMS AND HEALTHY SNACKS. THE UNC REX FOOD PANTRY WILL ALSO PROVIDE NUTRITIONAL INFORMATION, HEALTHY RECIPES FROM UNC REX'S AWARD-WINNING CHEFS AND DIETITIANS, AND A COMPREHENSIVE LIST OF FOOD BANKS AND OTHER COMMUNITY RESOURCES. A SECOND FOOD PANTRY OPENED MARCH 1, 2022, AT THE UNC REX HOLLY SPRINGS HOSPITAL. UNC REX'S CULINARY TEAM HAS CREATED A CHEF-BASED PROGRAM THAT HAS ATTRACTED INTERNATIONAL RECOGNITION AND REINVENTING TRADITIONAL "HOSPITAL FOOD." THEY TEND AN HERB AND VEGETABLE GARDEN AT UNC REX AND USE LOCAL AND FRESH INGREDIENTS AS MUCH AS POSSIBLE. UNC REX WAS THE FIRST HOSPITAL IN THE SOUTHEAST TO GET RID OF DEEP FRYERS AND THE CHEFS CONTINUE TO EXPLORE NEW WAYS TO COOK AND SERVE OUR CUISINE. IN MARCH 2017, THE UNC REX CHEFS OPENED A NEW MEDITERREAN-THEMED, HEART HEALTHY RESTAURANT CALLED KARDIA IN THE NEW NORTH CAROLINA HEART & VASCULAR HOSPITAL. IN ADDITION, THE CHEFS BEGAN OFFERING CLASSES ON HEALTHY COOKING AND EATING TO PATIENTS, THEIR FAMILIES, AND MEMBERS OF THE COMMUNITY IN A NEW DEMONSTRATION KITCHEN. UNC REX PERFORMS THOUSANDS OF HEART AND VASCULAR PROCEDURES A YEAR, INCLUDING CORONARY ARTERY BYPASS GRAFTING, ENDOVASCULAR AAA REPAIR, ECHOCARDIOGRAPHY, PERIPHERAL VASCULAR ULTRASOUND, VALVE REPLACEMENT AND REPAIR, ANGIOPLASTY, CARDIAC CATHETERIZATION, MINIMALLY INVASIVE STRUCTURAL HEART PROCEDURES, INVASIVE PERIPHERAL VASCULAR INTERVENTIONS, INCLUDING CRITICAL LIMB ISCHEMIA PROCEDURES, ELECTROPHYSIOLOGY PROCEDURES AND STENT PLACEMENT, REGARDLESS OF PATIENTS' ABILITY TO PAY. UNC REX HAS BEEN A CHEST PAIN ACCREDITED HOSPITAL FOR MORE THAN A DECADE, REINFORCING THE ORGANIZATION'S DEDICATION TO COMMUNITY OUTREACH AND INNOVATION IN THE CARE OF CHEST PAIN PATIENTS. THE SERVICE LINE ALSO INCLUDES OPEN HEART SURGICAL SUITES WHERE PHYSICIANS PERFORM PROCEDURES SUCH AS CORONARY ARTERY BYPASS GRAFTING, MITRAL VALVE REPLACEMENT AND REPAIR, AND AORTIC VALVE AND AORTIC ARCH REPLACEMENTS. UNC REX ALSO PROVIDES A FULL RANGE OF INVASIVE CATHETER BASED CARDIAC, VASCULAR AND ELECTROPHYSIOLOGY PROCEDURES. ALL OF THE EXISTING HEART AND VASCULAR SERVICES AND CARE, WHICH WERE PROVIDED AT MORE THAN SEVEN LOCATIONS ACROSS THE MAIN HOSPITAL IN RALEIGH, WERE CONSOLIDATED INTO A MODERN, MORE EFFICIENT AND MORE CONVENIENT FACILITY WITH THE MARCH 2017 OPENING OF THE NORTH CAROLINA HEART AND VASCULAR HOSPITAL ON UNC REX'S MAIN RALEIGH CAMPUS. THIS EIGHT-STORY, 306,000-SQUARE-FOOT HOSPITAL PROVIDES EASIER AND MORE COMFORTABLE ACCESS FOR PATIENTS AND THEIR FAMILIES, PHYSICIANS AND STAFF, IN A FACILITY THAT'S DESIGNED TO PROMOTE HEALING, PREVENTION, EDUCATION, INNOVATION AND WELLNESS. OUR CHEFS AND DIETITIANS REGULARLY HOLD COMMUNITY HEALTHY COOKING DEMONSTRATIONS IN A CONFERENCE SPACE THAT INCLUDES A DEMONSTRATION KITCHEN, AND HAVE HOSTED HUNDREDS OF PARTICIPANTS, INCLUDING PATIENTS AND THEIR FAMILIES. UNC REX SURGERY CENTERS IN RALEIGH, CARY AND WAKEFIELD ARE USED BY HUNDREDS OF PHYSICIANS TO PROVIDE THOUSANDS OF IN- AND OUT-PATIENT SURGERIES AND PROCEDURES EVERY YEAR. THE THREE LOCATIONS HAVE IMPROVED ACCESS TO SPECIALIZED CARE FOR PATIENTS ACROSS THE REGION. SURGEONS MAKE SUBSTANTIAL USE OF MINIMALLY INVASIVE TECHNOLOGY AND INNOVATION FOR DIAGNOSIS AND TREATMENT, REDUCING PATIENTS' RECOVERY TIME AND HOSPITAL STAY AND SUPPORTING QUALITY CARE. THE CENTERS INCLUDE 38 OPERATING SUITES, 11 MINOR PROCEDURE ROOMS, AND VARIOUS PERIOPERATIVE AND ANCILLARY SUPPORT SPACES. UNC REX IS INCREASINGLY PERFORMING SURGERIES ON AN OUTPATIENT BASIS AND CONTINUING TO LOOK FOR OTHER WAYS TO REDUCE OVERALL COSTS FOR PATIENTS. SOME OF THE TOP PROCEDURES INCLUDE GENERAL, ORTHOPEDIC, GYNECOLOGIC, AND OPHTHALMIC SURGERIES. DURING THE YEAR, THOUSANDS OF OUTPATIENT ORTHOPEDIC PROCEDURES WERE PERFORMED AT RALEIGH ORTHOPAEDIC SURGERY CENTER, UNC REX'S JOINT VENTURE WITH RALEIGH ORTHOPAEDIC CLINIC LOCATED ABOUT A MILE FROM UNC REX'S MAIN RALEIGH CAMPUS. UNC REX PROVIDES A FULL RANGE OF SPECIALIZED, MULTI-DISCIPLINARY ONCOLOGY THERAPY AND SUPPORT SERVICES TO PATIENTS IN WAKE COUNTY AND BEYOND INCLUDING MEDICAL, RADIATION AND SURGICAL ONCOLOGY. IN ADDITION TO PROVIDING CANCER TREATMENTS AND THERAPIES AT FIVE LOCATIONS IN WAKE COUNTY, THE CENTERS OFFER OUTREACH AND SUPPORT SERVICES INCLUDING NUTRITIONAL SERVICES, NURSE NAVIGATION, SOCIAL WORK, REHABILITATION SERVICES AND SURVIVORSHIP OR END OF LIFE CARE. UNC REX CANCER CENTER ALSO PROVIDES ONCOLOGIC SURGICAL SERVICES TO CANCER PATIENTS THROUGH ACCESS TO UNC REX HOSPITAL. UNC REX CANCER CENTER IS ACCREDITED BY THE COMMISSION ON CANCER AS A COMPREHENSIVE COMMUNITY CANCER CENTER AND WORKS CLOSELY WITH THE NATIONALLY RECOGNIZED N.C. CANCER HOSPITAL AND THE UNC LINEBERGER COMPREHENSIVE CANCER CENTER IN CHAPEL HILL TO EXTEND SPECIALTY ONCOLOGY SERVICES AND CLINICAL TRIALS TO PATIENTS IN RALEIGH. IN EARLY 2017, UNC REX CANCER CARE BEGAN A PATIENT & FAMILY ADVISORY COUNCIL. IT'S A GROUP OF SURVIVORS AND OTHER VOLUNTEERS WHO VISIT WITH CANCER PATIENTS AND FAMILIES GOING THROUGH TREATMENT TO OFFER SUPPORT, GATHER FEEDBACK, DEVELOP NEW PROGRAMS AND ACTIVITIES, AND MORE. THE GOAL IS TO HELP STAFF UNDERSTAND WAYS THEY COULD IMPROVE THE OVERALL PATIENT EXPERIENCE. IN MARCH 2022, UNC REX OPENED A NEW UNC REX CANCER CENTER ACROSS THE STREET FROM OUR MAIN RALEIGH CAMPUS. THAT FACILITY IS NOW HOME TO MUCH OF UNC REX'S ONCOLOGY CARE AND SERVICES, INCLUDING SUPPORT GROUPS, COMMUNITY EDUCATION AND MORE. AT UNC REX'S WOMEN'S CENTER, CAREGIVERS SEEK TO PROVIDE FAMILY-CENTERED CARE TO THE NEW MOTHER, BABY AND EXTENDED FAMILY. EVERY YEAR, THOUSANDS OF BABIES ARE BORN AT THE WOMEN'S CENTER. THESE BIRTHS ARE SUPPORTED BY 24/7 ANESTHESIOLOGY AND NEONATOLOGY SERVICES, HIGH RISK OBSTETRICS PROVIDED BY UNC MATERNAL FETAL MEDICINE, LACTATION SUPPORT SERVICES PROVIDED BY A TEAM OF CERTIFIED LACTATION CONSULTANTS AND AN IN

Expenses $1,372,275,142 · Grants $1,260 · Revenue $1,607,963,898

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

A Wesley Burks MDA WESLEY BURKS MD

DIRECTOR

Total calculated

$2,650,004

From this org

$0

From related orgs

$1,987,934

Other

$662,070

Hours/week

2 + 58 related

Schedule J breakdown matched by us

Base

$0 + $1,007,844 related

Bonus

$0 + $959,090 related

Other

$0 + $21,000 related

Deferred

$0 + $648,506 related

Nontaxable benefits

$0 + $13,564 related

Filer's total

$0 + $2,650,004 related
Mateen Akhtar MDMATEEN AKHTAR MD

PHYSICIAN

Total calculated

$1,939,962

From this org

$1,922,982

From related orgs

$0

Other

$16,980

Hours/week

60

Schedule J breakdown matched by us

Base

$1,455,416

Bonus

$467,566

Other

$0

Deferred

$0

Nontaxable benefits

$16,980

Filer's total

$1,939,962
Joseph M Bumgarner MDJOSEPH M BUMGARNER MD

PHYSICIAN

Total calculated

$1,833,314

From this org

$1,798,589

From related orgs

$0

Other

$34,725

Hours/week

60

Schedule J breakdown matched by us

Base

$1,389,751

Bonus

$408,238

Other

$600

Deferred

$10,250

Nontaxable benefits

$24,475

Filer's total

$1,833,314
Joseph M Falsone MDJOSEPH M FALSONE MD

PHYSICIAN

Total calculated

$1,745,230

From this org

$1,728,096

From related orgs

$0

Other

$17,134

Hours/week

60

Schedule J breakdown matched by us

Base

$1,504,760

Bonus

$223,061

Other

$275

Deferred

$0

Nontaxable benefits

$17,134

Filer's total

$1,745,230
Mohit Pasi MDMOHIT PASI MD

PHYSICIAN

Total calculated

$1,695,685

From this org

$1,671,210

From related orgs

$0

Other

$24,475

Hours/week

60

Schedule J breakdown matched by us

Base

$1,436,687

Bonus

$234,523

Other

$0

Deferred

$0

Nontaxable benefits

$24,475

Filer's total

$1,695,685
Rajesh Vakani MDRAJESH VAKANI MD

PHYSICIAN

Total calculated

$1,665,975

From this org

$1,665,975

From related orgs

$0

Other

$0

Hours/week

60

Schedule J breakdown matched by us

Base

$1,099,196

Bonus

$566,179

Other

$600

Deferred

$0

Nontaxable benefits

$0

Filer's total

$1,665,975
Stephen W BurrissSTEPHEN W BURRISS

DIRECTOR

Total calculated

$1,558,027

From this org

$0

From related orgs

$1,303,603

Other

$254,424

Hours/week

2 + 58 related

Schedule J breakdown matched by us

Base

$0 + $937,501 related

Bonus

$0 + $357,702 related

Other

$0 + $8,400 related

Deferred

$0 + $240,860 related

Nontaxable benefits

$0 + $13,564 related

Filer's total

$0 + $1,558,027 related
Ernest L Bovio JrERNEST L BOVIO JR

DIRECTOR/PRESIDENT

Total calculated

$956,196

From this org

$828,221

From related orgs

$0

Other

$127,975

Hours/week

59 + 1 related

Schedule J breakdown matched by us

Base

$613,111

Bonus

$208,806

Other

$6,304

Deferred

$103,500

Nontaxable benefits

$24,475

Filer's total

$956,196
Susan G MooreSUSAN G MOORE

VP/UNC REX PHYSICIANS

Total calculated

$825,895

From this org

$721,967

From related orgs

$0

Other

$103,928

Hours/week

59 + 1 related

Schedule J breakdown matched by us

Base

$517,631

Bonus

$150,841

Other

$53,495

Deferred

$79,453

Nontaxable benefits

$24,475

Filer's total

$825,895
Rig S Patel MDRIG S PATEL MD

DIRECTOR

Total calculated

$819,233

From this org

$781,258

From related orgs

$0

Other

$37,975

Hours/week

2 + 2 related

Schedule J breakdown matched by us

Base

$740,379

Bonus

$40,279

Other

$600

Deferred

$13,500

Nontaxable benefits

$24,475

Filer's total

$819,233
Linda H ButlerLINDA H BUTLER

VP/MEDICAL AFFAIRS & CMO

Total calculated

$714,703

From this org

$613,122

From related orgs

$0

Other

$101,581

Hours/week

59 + 1 related

Schedule J breakdown matched by us

Base

$461,083

Bonus

$133,964

Other

$18,075

Deferred

$82,187

Nontaxable benefits

$19,394

Filer's total

$714,703
Andrew K ZukowskiANDREW K ZUKOWSKI

VP/CFO & TREASURER

Total calculated

$606,042

From this org

$541,532

From related orgs

$0

Other

$64,510

Hours/week

59 + 1 related

Schedule J breakdown matched by us

Base

$366,022

Bonus

$119,750

Other

$55,760

Deferred

$41,900

Nontaxable benefits

$22,610

Filer's total

$606,042
Kirsten S RiggsKIRSTEN S RIGGS

VP/COO

Total calculated

$574,050

From this org

$487,145

From related orgs

$0

Other

$86,905

Hours/week

59 + 1 related

Schedule J breakdown matched by us

Base

$368,091

Bonus

$113,254

Other

$5,800

Deferred

$62,430

Nontaxable benefits

$24,475

Filer's total

$574,050
Robert D RickerROBERT D RICKER

VP/PHYSICIAN SERVICES

Total calculated

$471,163

From this org

$383,709

From related orgs

$0

Other

$87,454

Hours/week

59 + 1 related

Schedule J breakdown matched by us

Base

$292,971

Bonus

$84,435

Other

$6,303

Deferred

$71,787

Nontaxable benefits

$15,667

Filer's total

$471,163
Meera Udayakumar MDMEERA UDAYAKUMAR MD

VP/MEDICAL AFFAIRS & CMO

Total calculated

$417,713

From this org

$0

From related orgs

$407,463

Other

$10,250

Hours/week

59 + 1 related

Schedule J breakdown matched by us

Base

$0 + $335,935 related

Bonus

$0 + $70,928 related

Other

$0 + $600 related

Deferred

$0 + $10,250 related

Nontaxable benefits

$0

Filer's total

$0 + $417,713 related
Tate M BombardTATE M BOMBARD

VP/GENERAL COUNSEL & SECRETARY

Total calculated

$410,501

From this org

$0

From related orgs

$345,931

Other

$64,570

Hours/week

59 + 1 related

Schedule J breakdown matched by us

Base

$0 + $269,527 related

Bonus

$0 + $76,404 related

Other

$0

Deferred

$0 + $40,250 related

Nontaxable benefits

$0 + $24,320 related

Filer's total

$0 + $410,501 related
Roy C TempkeROY C TEMPKE

VP/CARE TRANSITIONS

Total calculated

$405,445

From this org

$342,462

From related orgs

$0

Other

$62,983

Hours/week

59 + 1 related

Schedule J breakdown matched by us

Base

$264,358

Bonus

$77,504

Other

$600

Deferred

$38,508

Nontaxable benefits

$24,475

Filer's total

$405,445
Benjamin J MathewBENJAMIN J MATHEW

VP/CFO & TREASURER

Total calculated

$387,556

From this org

$0

From related orgs

$336,851

Other

$50,705

Hours/week

59 + 1 related

Schedule J breakdown matched by us

Base

$0 + $242,093 related

Bonus

$0 + $87,157 related

Other

$0 + $7,601 related

Deferred

$0 + $26,230 related

Nontaxable benefits

$0 + $24,475 related

Filer's total

$0 + $387,556 related
Timothy M HesterTIMOTHY M HESTER

VICE PRESIDENT

Total calculated

$362,565

From this org

$314,695

From related orgs

$0

Other

$47,870

Hours/week

59 + 1 related

Schedule J breakdown matched by us

Base

$237,323

Bonus

$70,791

Other

$6,581

Deferred

$23,550

Nontaxable benefits

$24,320

Filer's total

$362,565
Diana G MassaDIANA G MASSA

VICE PRESIDENT

Total calculated

$343,022

From this org

$303,149

From related orgs

$0

Other

$39,873

Hours/week

59 + 1 related

Schedule J breakdown matched by us

Base

$219,195

Bonus

$64,831

Other

$19,123

Deferred

$24,342

Nontaxable benefits

$15,531

Filer's total

$343,022
Chad N AndersonCHAD N ANDERSON

VICE PRESIDENT

Total calculated

$323,108

From this org

$275,262

From related orgs

$0

Other

$47,846

Hours/week

59 + 1 related

Schedule J breakdown matched by us

Base

$212,123

Bonus

$62,539

Other

$600

Deferred

$23,526

Nontaxable benefits

$24,320

Filer's total

$323,108
Joel D RayJOEL D RAY

VP/PATIENT CARE SERVICES & CNO

Total calculated

$258,591

From this org

$246,871

From related orgs

$0

Other

$11,720

Hours/week

59 + 1 related

Schedule J breakdown matched by us

Base

$198,187

Bonus

$1,000

Other

$47,684

Deferred

$11,548

Nontaxable benefits

$172

Filer's total

$258,591
Meghan E HooleyMEGHAN E HOOLEY

ASST TREASURER & ASST SECT.

Total calculated

$230,249

From this org

$197,001

From related orgs

$0

Other

$33,248

Hours/week

59 + 1 related

Schedule J breakdown matched by us

Base

$172,430

Bonus

$23,971

Other

$600

Deferred

$8,773

Nontaxable benefits

$24,475

Filer's total

$230,249
Lorie RhineLORIE RHINE

VP/PATIENT CARE SERVICES & CNO

Total calculated

$41,930

From this org

$40,989

From related orgs

$0

Other

$941

Hours/week

59 + 1 related
Ann S Collins MDANN S COLLINS MD

DIRECTOR/CHAIRMAN

Total calculated

$0

Hours/week

4 + 4 related
Catharine B ArrowoodCATHARINE B ARROWOOD

DIRECTOR/VICE CHAIRMAN

Total calculated

$0

Hours/week

4 + 4 related
Kevin T AndersonKEVIN T ANDERSON

DIRECTOR

Total calculated

$0

Hours/week

2 + 2 related
Courtney A CrowderCOURTNEY A CROWDER

DIRECTOR

Total calculated

$0

Hours/week

2 + 2 related
Melissa A FitzpatrickMELISSA A FITZPATRICK

DIRECTOR

Total calculated

$0

Hours/week

2 + 2 related
Kevin D HowellKEVIN D HOWELL

DIRECTOR

Total calculated

$0

Hours/week

2 + 2 related
David F MillsDAVID F MILLS

DIRECTOR

Total calculated

$0

Hours/week

2 + 2 related
Robert B OakesROBERT B OAKES

DIRECTOR

Total calculated

$0

Hours/week

2 + 2 related
Marilyn R Pearson MDMARILYN R PEARSON MD

DIRECTOR

Total calculated

$0

Hours/week

2 + 2 related
Jason T SandnerJASON T SANDNER

DIRECTOR

Total calculated

$0

Hours/week

2 + 2 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 · Health or social club dues or initiation fees
1b · Written policy on the line-1a expenses
2 · Substantiation required before reimbursing expenses
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)

Part I, Line 1A:: THE ORGANIZATION OFFERS COMPLIMENTARY MEMBERSHIPS TO REX WELLNESS CENTERS FOR THE EXECUTIVE STAFF, BOTH ACTIVE AND RETIRED BOARD MEMBERS AND MEDICAL DIRECTORS. ALL MEMBERS RECEIVING COMPLIMENTARY MEMBERSHIPS ARE REQUIRED TO COMPLETE THE SAME APPLICATION AND TESTING PROCEDURES AS OTHER MEMBERS. CURRENTLY, THERE ARE 3 INDIVIDUALS LISTED THAT RECEIVE COMPLIMENTARY MEMBERSHIPS. THE VALUE OF THE COMPLIMENTARY MEMBERSHIP IS TREATED AS TAXABLE COMPENSATION AND IS REPORTED ON THE INDIVIDUAL'S W-2.
Part I, Line 6:: EMPLOYEES IN MANAGERIAL ROLES PARTICIPATE IN AN ANNUAL INCENTIVE COMPENSATION PLAN. THE COMPENSATION EARNED UNDER THIS PLAN IS BASED PARTLY ON THE COMBINED EARNINGS OF REX HEALTHCARE INC. AND ITS SUBSIDIARIES. ADDITIONALLY, THE INCENTIVE COMPENSATION OF THE PRESIDENT AND CFO IS BASED PARTLY ON THE EARNINGS OF THE UNC HEALTH CARE SYSTEM. OTHER performance MEASURES USED TO DETERMINE INCENTIVE COMPENSATION ARE PHYSICIAN SATISFACTION, PATIENT CARE QUALITY OUTCOMES, EFFECTIVE USE OF TECHNOLOGY AND INDIVIDUAL GOALS.

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.

UNC HEALTH CARE SYSTEM

SECTION 115 · HEALTHCARE · NC

Directly controlled by UNC HEALTH C
UNC HOSPITALS

SECTION 115 · HEALTHCARE · NC

Directly controlled by UNC HEALTH C
CALDWELL MEMORIAL HOSPITAL

501(C)(3) · HEALTHCARE · NC

Directly controlled by UNC HEALTH C
CALDWELL MEMORIAL HOSPITAL FNDN INC

501(C)(3) · SUPPORT OF CA · NC

Directly controlled by CALDWELL MEM
CHATHAM HOSPITAL INC

501(C)(3) · HEALTHCARE · NC

Directly controlled by UNC HEALTH C
PIEDMONT TRIAD HEALTH SERVICES

501(C)(3) · SUPPORT OF UN · NC

Directly controlled by UNC HEALTH C
REX HEALTHCARE INC

501(C)(3) · HEALTHCARE · NC

Directly controlled by UNC HEALTH C
UNCPN

501(C)(3) · HEALTHCARE · NC

Directly controlled by UNC HEALTH C
UNC ROCKINGHAM HEALTH CARE INC

501(C)(3) · HEALTHCARE · NC

Directly controlled by UNC HEALTH C

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.

Rex Health Ventures GP I LLC

Venture Capit · NC · income $0 · assets $0

Directly controlled by Rex Hospital
Rex Orthopedic Ventures LLC

Orthopedic Pr · NC · income $5,890,831 · assets $0

Directly controlled by Rex Hospital

Related partnerships

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

Rex Surgery Center of Cary

RELATED · ASC · NC · 55.75% owned · share of income $1,903,424 · share of assets $3,303,220

Directly controlled by NA
JRH Ventures LLC

RELATED · Med Campus De · NC · 50% owned · share of income $2,532,904 · share of assets $3,336,977

Directly controlled by NA
Rex Health Ventures I LP

RELATED · Venture Capit · NC · 100% owned · share of income $13,537 · share of assets $22,129,085

Directly controlled by NA
Orthopaedic Surgery Center of Raleigh LL

RELATED · Orthopaedic S · NC · 51% owned · share of income $5,586,147 · share of assets $5,142,682

Directly controlled by NA
TRO Ventures LLC

RELATED · Healthcare · NC · 58.6% owned · share of income $413,790 · share of assets $4,990,509

Directly controlled by NA
Rex Surgery Center of Wakefield

RELATED · ASC · NC · 75.897% owned · share of income $291,722 · share of assets $188,846

Directly controlled by NA
NORTH CHAPEL HILL SURGERY CENTER LLC

RELATED · HEALTHCARE · NC · 50% owned · share of income -$388,443 · share of assets $4,128,318

Directly controlled by NA
ORTHOPAEDIC SURGERY CENTER OF PANTHER CR

Related · Orthopaedic S · NC · 51% owned · share of income -$320,644 · share of assets -$2,135,937

Directly controlled by NA

Related corporations and trusts

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

Rex Enterprises Company Inc

C CORP · OPERATION SUP · NC · share of income $0 · share of assets $0

Directly controlled by REX HEALTHCARE
UNC Physicians Network Grp Practices LLC

C CORP · Healthcare · NC · share of income $0 · share of assets $0

Directly controlled by UNC HEALTHCARE
UNC Physicians Grp Practices II LLC

C CORP · Healthcare · NC · share of income $0 · share of assets $0

Directly controlled by REX HEALTHCARE
UNC Health Innovations Inc

C CORP · OPERATION SUP · NC · share of income $0 · share of assets $0

Directly controlled by REX HEALTHCARE

Provenance

Return type: form_990
Tax year: 2022
Filed: 8 May 2024
IRS schema version: 2022v5.0
Source object: 202401299349304320

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