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Nonprofiteer
← HUGH CHATHAM MEMORIAL HOSPITAL INC

Form 990 for tax year 2023

Filed by HUGH CHATHAM MEMORIAL HOSPITAL INC.

Totals

Total revenue
$139,460,394
Total expenses
$171,234,558
Contributions and grants received
$74,498
Grants paid
$334,679
Program service revenue
$133,004,746
Investment income
$4,502,183
Other revenue
$1,878,967
Total assets, end of year
$221,645,326
Total liabilities, end of year
$57,989,739
Net assets or fund balances, end of year
$163,655,587
Program services expenses (Part IX)
$155,703,695
Management and general expenses
$15,407,630
Fundraising expenses
$123,233
Program service expenses (Part III)
$155,703,695

Program services were 90.9% 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

    $74,498

  • 2a · Program service revenue: PATIENT CARE SERVICES

    total $131,515,478 · related or exempt $131,515,478

  • 2b · Program service revenue: OTHER OPERATING REVENUE

    total $1,489,268 · related or exempt $1,489,268

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $3,439,579 · excluded $3,439,579

  • 6a · Gross rents

    real property $1,872,150

  • 6c · Rental income or loss

    real property $1,872,150 · personal property $0

  • 6d · Net rental income or loss

    total $1,872,150 · excluded $1,872,150

  • 7a · Gross sales of assets other than inventory

    securities $1,088,555

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

    other assets $25,951

  • 7c · Gain or loss

    securities $1,088,555 · other assets -$25,951

  • 7d · Net gain or loss

    total $1,062,604 · excluded $1,062,604

  • 11a · Other revenue: CAFETERIA & VENDING

    total $6,817 · related or exempt $6,817

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $6,817

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $334,679 · program services $334,679

  • 5 · Compensation of officers, directors and key employees

    total $2,467,748 · program services $1,002,777 · management and general $1,367,306 · fundraising $97,665

  • 7 · Other salaries and wages

    total $62,865,498 · program services $54,484,749 · management and general $8,380,749

  • 8 · Pension plan contributions

    total $446,182 · program services $378,942 · management and general $66,573 · fundraising $667

  • 9 · Other employee benefits

    total $12,261,006 · program services $10,413,272 · management and general $1,829,405 · fundraising $18,329

  • 10 · Payroll taxes

    total $4,396,528 · program services $3,733,971 · management and general $655,985 · fundraising $6,572

  • 11b · Fees: legal

    total $221,149 · management and general $221,149

  • 11c · Fees: accounting

    total $502,364 · management and general $502,364

  • 11f · Fees: investment management

    total $610,808 · management and general $610,808

  • 11g · Fees: other

    total $33,295,238 · program services $33,295,238 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $503,140 · program services $503,140

  • 13 · Office expenses

    total $2,526,605 · program services $2,145,846 · management and general $380,759

  • 16 · Occupancy

    total $1,464,898 · program services $1,244,138 · management and general $220,760

  • 17 · Travel

    total $223,865 · program services $223,865

  • 20 · Interest

    total $1,811,130 · program services $1,538,193 · management and general $272,937

  • 22 · Depreciation, depletion and amortization

    total $5,964,399 · program services $5,065,564 · management and general $898,835

  • 23 · Insurance

    total $1,236,968 · program services $1,236,968

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $16,773,126 · program services $16,773,126

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $13,388,290 · program services $13,388,290

  • 24c · Other expenses: PROVIDER TAX

    total $4,808,750 · program services $4,808,750

  • 24d · Other expenses: MISCELLANEOUS

    total $4,739,050 · program services $4,739,050

  • 24e · All other expenses

    total $393,137 · program services $393,137 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $2,353,024

  • 4 · Accounts receivable

    beginning of year $23,863,023 · end of year $17,531,515

  • 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

  • 8 · Inventories for sale or use

    beginning of year $1,108,022 · end of year $1,148,503

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,612,055 · end of year $3,726,547

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

    $150,549,017

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

    $101,201,559

  • 10c · Land, buildings and equipment, net

    beginning of year $53,128,403 · end of year $49,347,458

  • 11 · Investments: publicly traded securities

    beginning of year $141,466,443 · end of year $125,172,171

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $14,082,056 · end of year $13,757,446

  • 15 · Other assets

    beginning of year $7,516,059 · end of year $8,608,662

  • 17 · Accounts payable and accrued expenses

    beginning of year $20,239,576 · end of year $20,558,342

  • 19 · Deferred revenue

    beginning of year $176,178 · end of year $140,700

  • 20 · Tax-exempt bond liabilities

    beginning of year $47,664,279 · end of year $34,571,170

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $3,364,242 · end of year $2,719,527

  • 27 · Net assets without donor restrictions

    beginning of year $171,106,374 · end of year $160,430,175

  • 28 · Net assets with donor restrictions

    beginning of year $3,225,412 · end of year $3,225,412

Mission and programs · 2023

Mission

TO CONSISTENLY DELIVER EXCEPTIONAL QUALITY AND SERVICE BY DEMONSTRATING THE VALUES OF SERVICE, TEAMWORK, ACCOUNTABILITY, RESPECT, AND SAFE CARE.

Activities or mission (Part I)

TO PROVIDE BIRTHING AND ACUTE CARE SERVICES IN ADDITION TO SKILLED NURSING, RETIREMENT COMMUNITY, HOME HEALTH, AND HOSPICE SERVICES PRIMARILY TO THE RESIDENTS OF AND SURROUNDING COUNTIES TO SURRY COUNTY, NORTH CAROLINA.

  • In 2024, Hugh Chatham Health continued their legacy of providing healthcare to all within the community. The organization's Vision, "to be the best community health system in the nation with service as our guiding principle," declares that every member of the team provides the highest level of care for every patient, at every location. Hugh Chatham makes a difference every day for local citizens and employers. The nonprofit healthcare system has recently received many prestigious awards that accentuate its commitment to excellence. * American Heart Association 2024 Get With The Guidelines: Stroke GOLD PLUS with Honor Roll Elite and Target: Type 2 Diabetes * American Heart Association 2024 Get With The Guidelines: Stroke Rural Silver * Women's Choice Award for Best in Obstetrics and Stroke Care for 2024 * Hugh Chatham Health at Home: Superior Performer for Patient Satisfaction by SHP In 2024, Hugh Chatham Health introduced Hugh Chatham Health - Family Medicine Residency, a three-year program that will allow doctoral students to complete a residency program geared towards family medicine in rural communities. This program will increase access to quality healthcare, offering a full spectrum of clinical learning experiences for new physicians, and include rotations in pediatrics, obstetrics, inpatient and outpatient family medicine, as well as select specialty opportunities. In partnership with Elkin Emergency Rescue Squad, Hugh Chatham Health began providing transport services for non-emergent patients, allowing additional room for those needing inpatient treatment and quicker discharge times for those already admitted. In 2024, the service transported over 450 patients throughout the Yadkin Valley and beyond. Hugh Chatham Health raised over $225,000 through events and fundraisers for the Hugh Chatham Health Foundation, which directly supports the needs of the community and its members. Funds were distributed to scholarships, community partnerships, new rehab equipment, and the Step-by-Step Program which allows individuals to receive cardiac or pulmonary rehab services without financial burden. Hugh Chatham continues to support local school systems by providing life-saving education and skills, scholarship opportunities, and sponsorships for HOSA organizations. Hugh Chatham leaders also participated in the high school's partnership with District C, an organization that encourages students to think critically and creatively while preparing them for the workforce. Hugh Chatham continues to provide a virtual care platform, caring for patients who are unable to attend a physical visit or are otherwise home-bound. Hugh Chatham Virtual Care allows access to providers via website or application. A complete listing of services is available on the health system's website at www.HughChatham.org. For real-time updates and stories about the people who make this health system successful, visit Hugh Chatham Health on Facebook, Instagram, Twitter and LinkedIn.

    Expenses $155,703,695 · Grants $334,679 · Revenue $133,011,563

As filed on the 2023 return.

Listed in Part VII

  • Bob Ball

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Cynthia Gonzales

    Chairman

    Total calculated
    $0
    Hours/week
    1

  • Elena Thomasson

    Asst. Secretary/Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Phil Harris

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Ann Ashman

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Bill Johnson

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Crystal Morphis

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • David Ackerman

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • David Cline

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Dr Murug Subbiah

    Board Member/Chief of Staff

    Total calculated
    $573,332
    From this org
    $488,986
    From related orgs
    $0
    Other
    $84,346
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $447,149
    Bonus
    $40,688
    Other
    $1,149
    Deferred
    $52,500
    Nontaxable benefits
    $31,846
    Filer's total
    $573,332

  • Kevin Austin

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Mark Stephens

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Myra Cox

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Terry Darnell

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Kent Thompson

    CFO (THRU 10/26/23)

    Total calculated
    $273,239
    From this org
    $240,298
    From related orgs
    $0
    Other
    $32,941
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $220,276
    Bonus
    $0
    Other
    $20,022
    Deferred
    $24,979
    Nontaxable benefits
    $7,962
    Filer's total
    $273,239

  • Kevin May

    CFO

    Total calculated
    $165,677
    From this org
    $165,677
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $165,677
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $165,677

  • Paul Hammes

    CEO

    Total calculated
    $540,787
    From this org
    $457,089
    From related orgs
    $0
    Other
    $83,698
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $450,216
    Bonus
    $0
    Other
    $6,873
    Deferred
    $52,500
    Nontaxable benefits
    $31,198
    Filer's total
    $540,787

  • Andrew Tate

    CPO & VP AMB Services (THRU 2/20/24)

    Total calculated
    $287,960
    From this org
    $258,718
    From related orgs
    $0
    Other
    $29,242
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $258,535
    Bonus
    $0
    Other
    $183
    Deferred
    $10,177
    Nontaxable benefits
    $19,065
    Filer's total
    $287,960

  • Jonathan Snyder

    CMO

    Total calculated
    $716,840
    From this org
    $643,823
    From related orgs
    $0
    Other
    $73,017
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $593,860
    Bonus
    $48,975
    Other
    $988
    Deferred
    $44,421
    Nontaxable benefits
    $28,596
    Filer's total
    $716,840

  • Mary Blackburn

    CNO

    Total calculated
    $342,459
    From this org
    $258,097
    From related orgs
    $0
    Other
    $84,362
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $257,224
    Bonus
    $0
    Other
    $873
    Deferred
    $52,500
    Nontaxable benefits
    $31,862
    Filer's total
    $342,459

  • Dominick Carbone

    PHYSICIAN

    Total calculated
    $856,316
    From this org
    $780,251
    From related orgs
    $0
    Other
    $76,065
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $740,784
    Bonus
    $37,912
    Other
    $1,555
    Deferred
    $52,500
    Nontaxable benefits
    $23,565
    Filer's total
    $856,316

  • Johnathan Whitaker

    PHYSICIAN

    Total calculated
    $980,781
    From this org
    $906,892
    From related orgs
    $0
    Other
    $73,889
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $619,721
    Bonus
    $286,289
    Other
    $882
    Deferred
    $44,093
    Nontaxable benefits
    $29,796
    Filer's total
    $980,781

  • Marc Stevens

    PHYSICIAN

    Total calculated
    $852,378
    From this org
    $801,001
    From related orgs
    $0
    Other
    $51,377
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $716,486
    Bonus
    $83,990
    Other
    $525
    Deferred
    $19,531
    Nontaxable benefits
    $31,846
    Filer's total
    $852,378

  • Sarba Kundu

    PHYSICIAN

    Total calculated
    $1,199,713
    From this org
    $1,122,367
    From related orgs
    $0
    Other
    $77,346
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $664,523
    Bonus
    $456,857
    Other
    $987
    Deferred
    $45,000
    Nontaxable benefits
    $32,346
    Filer's total
    $1,199,713

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
  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 6a · Pay contingent on this organization's net earnings

Answered no

  • 2 · Substantiation required before reimbursing expenses
  • 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
  • 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)

Schedule J, Part I, Line 1a Health or social club dues or initiation fees
The Hospital joined High Meadows Country Club. There has been no change in the policy since its inception in 2018. It is used for business purposes only.
Schedule J, Part I, Line 4a Severance or change-of-control payment
THE PRIOR CFO KENT THOMPSON RECEIVED A SEVERANCE PAYMENT OF $19,546 AS PART OF AN AGREEMENT FOR SEPARATION OF SERVICE.
Schedule J, Part I, Line 6a Compensation contingent on net earnings of the organization
THE PHYSICIANS IN CHARGE OF THE UROLOGY PRACTICE, GASTROENTEROLOGY PRACTICE, AND DERMATOLOGY CLINIC ARE ELIGIBLE TO RECEIVE A PORTION OF THE NET PROFIT FROM THEIR PRACTICE. ANY PROFITS RESULTING FROM PHYSICIANS' PROFESSIONAL SERVICES AFTER ALL THE PRACTICE AND PHYSICIAN EXPENSES, SHALL BE SHARED. THE PHYSICIANS RECEIVE UP TO AN 85% ALLOCATION WITH THE REMAINDER GOING TO THE EMPLOYER. THE HOSPITALIST BONUS IS BASED ON PERFORMANCE GOALS AND MAY BE UP TO AS MUCH AS 20% OF THEIR SALARY. ANOTHER PHYSICIAN IN CHARGE OF THE HOSPITALIST GROUP IS ELIGIBLE TO RECEIVE UP TO 20% OF THEIR BASE SALARY DEPENDING ON PERFORMANCE MEASURES OF THE HOSPITALIST GROUP. AMOUNTS PAID OUT TO INDIVIDUALS LISTED ON PART VII OF THE FORM 990 FOR 2023 WERE: $37,912 DOMINICK CARBONE, MD $456,857 SARBA KUNDU, MD $48,975 Jonathan Snyder, MD $83,990 MARC STEVENS, MD $40,688 MURAG SUBBIAH, MD $286,289 JONATHAN WHITAKER, DO

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

  • Hugh Chatham Wellness Center

    $300,000

    OPERATIONAL SUPPORT

  • Mountain Valley Hospice & Palliative Care

    $10,000

    OPERATIONAL SUPPORT

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
13 August 2025
IRS schema version
2023v6.0
Source object
202502259349302140

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