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Nonprofiteer
← HIGH POINT REGIONAL HEALTH

Form 990 for tax year 2023

Filed by HIGH POINT REGIONAL HEALTH.

Totals

Total revenue
$508,680,674
Total expenses
$458,452,649
Contributions and grants received
$2,821,778
Grants paid
$253,065
Program service revenue
$501,730,607
Investment income
$1,575,198
Other revenue
$2,553,091
Total assets, end of year
$430,910,662
Total liabilities, end of year
$41,975,277
Net assets or fund balances, end of year
$388,935,385
Program services expenses (Part IX)
$427,654,023
Management and general expenses
$30,798,626
Fundraising expenses
$0
Program service expenses (Part III)
$427,654,023

Program services were 93.3% 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

    $2,821,778

  • 2a · Program service revenue: PATIENT SERVICE REVENUE

    total $500,797,520 · related or exempt $500,797,520

  • 2b · Program service revenue: DIETARY REVENUE

    total $933,087 · related or exempt $933,087

  • 3 · Investment income

    total $402,010 · excluded $402,010

  • 6a · Gross rents

    real property $2,202,452

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $2,202,452

  • 6d · Net rental income or loss

    total $2,202,452 · excluded $2,202,452

  • 7a · Gross sales of assets other than inventory

    other assets $1,189,346

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

    securities $16,158 · other assets $0

  • 7c · Gain or loss

    securities -$16,158 · other assets $1,189,346

  • 7d · Net gain or loss

    total $1,173,188 · excluded $1,173,188

  • 11a · Other revenue: OTHER

    total $350,639 · excluded $350,639

  • 11e · Other revenue, total

    $350,639

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $102,518 · program services $102,518

  • 2 · Grants to domestic individuals

    total $150,547 · program services $150,547

  • 5 · Compensation of officers, directors and key employees

    total $1,789,674 · program services $894,837 · management and general $894,837

  • 7 · Other salaries and wages

    total $144,362,460 · program services $129,720,148 · management and general $14,642,312

  • 8 · Pension plan contributions

    total $4,956,232 · program services $4,453,534 · management and general $502,698

  • 9 · Other employee benefits

    total $25,754,067 · program services $23,141,898 · management and general $2,612,169

  • 10 · Payroll taxes

    total $8,216,249 · program services $7,382,896 · management and general $833,353

  • 11b · Fees: legal

    total $19,050 · program services $19,050

  • 11d · Fees: lobbying

    total $30,675 · program services $30,675

  • 11f · Fees: investment management

    total $325,169 · program services $216,201 · management and general $108,968

  • 11g · Fees: other

    total $64,556,132 · program services $60,324,833 · management and general $4,231,299

  • 12 · Advertising and promotion

    total $650 · program services $523 · management and general $127

  • 13 · Office expenses

    total $1,173,423 · program services $944,185 · management and general $229,238

  • 14 · Information technology

    total $212,158 · program services $170,711 · management and general $41,447

  • 16 · Occupancy

    total $18,245,093 · program services $14,680,739 · management and general $3,564,354

  • 17 · Travel

    total $130,789 · program services $105,238 · management and general $25,551

  • 19 · Conferences, conventions and meetings

    total $34,581 · program services $27,825 · management and general $6,756

  • 20 · Interest

    total $12,958 · program services $8,616 · management and general $4,342

  • 22 · Depreciation, depletion and amortization

    total $16,724,768 · program services $14,625,340 · management and general $2,099,428

  • 23 · Insurance

    total $818,961 · program services $658,969 · management and general $159,992

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $96,298,943 · program services $96,298,943

  • 24b · Other expenses: BAD DEBT

    total $50,800,146 · program services $50,800,146

  • 24c · Other expenses: PROVIDER ASSESSMENT TAX

    total $19,428,659 · program services $19,428,659

  • 24d · Other expenses: OTHER SUPPLIES

    total $4,308,747 · program services $3,466,992 · management and general $841,755

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,546,129 · end of year $8,915,540

  • 4 · Accounts receivable

    beginning of year $43,550,258 · end of year $59,380,869

  • 8 · Inventories for sale or use

    beginning of year $8,372,074 · end of year $6,775,017

  • 9 · Prepaid expenses and deferred charges

    beginning of year $520,767 · end of year $481,420

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

    $257,251,968

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

    $72,803,841

  • 10c · Land, buildings and equipment, net

    beginning of year $178,443,221 · end of year $184,448,127

  • 11 · Investments: publicly traded securities

    beginning of year $11,895,891 · end of year $12,407,465

  • 12 · Investments: other securities

    beginning of year $100,001 · end of year $100,001

  • 13 · Investments: program-related

    beginning of year $7,633,355 · end of year $8,451,347

  • 15 · Other assets

    beginning of year $122,611,244 · end of year $149,950,876

  • 17 · Accounts payable and accrued expenses

    beginning of year $29,375,669 · end of year $30,026,335

  • 19 · Deferred revenue

    beginning of year $1,616,029 · end of year $1,616,029

  • 23 · Secured mortgages and notes payable

    beginning of year $278,266 · end of year $192,854

  • 25 · Other liabilities

    beginning of year $10,000,879 · end of year $10,140,059

  • 27 · Net assets without donor restrictions

    beginning of year $335,700,414 · end of year $386,266,225

  • 28 · Net assets with donor restrictions

    beginning of year $2,701,683 · end of year $2,669,160

Mission and programs · 2023

Mission

SEE SCHEDULE O

Activities or mission (Part I)

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

  • SEE SCHEDULE O

    Expenses $427,654,023 · Grants $253,064 · Revenue $501,730,607

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

  • JAMES HOEKSTRA MD

    DIRECTOR, PRESIDENT

    Total calculated
    $1,047,981
    From this org
    $1,001,079
    From related orgs
    $0
    Other
    $46,902
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $628,352
    Bonus
    $210,989
    Other
    $161,738
    Deferred
    $22,642
    Nontaxable benefits
    $24,260
    Filer's total
    $1,047,981

  • J MCLAIN WALLACE JR

    SECRETARY

    Total calculated
    $1,019,508
    From this org
    $0
    From related orgs
    $983,574
    Other
    $35,934
    Hours/week
    2.6 + 37.4 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

    DIRECTOR

    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

  • STEVEN RHORBECK MD

    DIRECTOR

    Total calculated
    $814,455
    From this org
    $0
    From related orgs
    $777,179
    Other
    $37,276
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $731,503 related
    Bonus
    $0 + $20,569 related
    Other
    $0 + $25,107 related
    Deferred
    $0 + $22,700 related
    Nontaxable benefits
    $0 + $14,576 related
    Filer's total
    $0 + $814,455 related

  • DEBORAH HARDING

    DIRECTOR

    Total calculated
    $599,068
    From this org
    $0
    From related orgs
    $526,303
    Other
    $72,765
    Hours/week
    2 + 38 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

  • LAWRENCE WILLIAMS MD

    CMO

    Total calculated
    $571,029
    From this org
    $0
    From related orgs
    $518,194
    Other
    $52,835
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $435,069 related
    Bonus
    $0 + $48,835 related
    Other
    $0 + $34,290 related
    Deferred
    $0 + $22,399 related
    Nontaxable benefits
    $0 + $30,436 related
    Filer's total
    $0 + $571,029 related

  • KEVIN SMITH

    VP, COO HPRMC

    Total calculated
    $489,118
    From this org
    $0
    From related orgs
    $434,308
    Other
    $54,810
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $324,703 related
    Bonus
    $0 + $91,564 related
    Other
    $0 + $18,041 related
    Deferred
    $0 + $24,106 related
    Nontaxable benefits
    $0 + $30,704 related
    Filer's total
    $0 + $489,118 related

  • ROBERT POTH MD

    PHYSICIAN

    Total calculated
    $381,902
    From this org
    $0
    From related orgs
    $327,479
    Other
    $54,423
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $307,887 related
    Bonus
    $0
    Other
    $0 + $19,592 related
    Deferred
    $0 + $19,745 related
    Nontaxable benefits
    $0 + $34,678 related
    Filer's total
    $0 + $381,902 related

  • DANNY SQUIRES

    FINANCE DIRECTOR

    Total calculated
    $298,396
    From this org
    $0
    From related orgs
    $259,167
    Other
    $39,229
    Hours/week
    19 + 21 related

    Schedule J breakdown matched by us

    Base
    $0 + $229,228 related
    Bonus
    $0 + $26,600 related
    Other
    $0 + $3,339 related
    Deferred
    $0 + $16,090 related
    Nontaxable benefits
    $0 + $23,139 related
    Filer's total
    $0 + $298,396 related

  • PAULA CORREA

    CH NURSING OFF

    Total calculated
    $274,434
    From this org
    $0
    From related orgs
    $239,184
    Other
    $35,250
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $210,485 related
    Bonus
    $0 + $28,014 related
    Other
    $0 + $685 related
    Deferred
    $0 + $17,081 related
    Nontaxable benefits
    $0 + $18,169 related
    Filer's total
    $0 + $274,434 related

  • STEPHANIE PARKER

    MEDICAL PHYSICIST

    Total calculated
    $263,951
    From this org
    $0
    From related orgs
    $216,276
    Other
    $47,675
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $214,582 related
    Bonus
    $0 + $1,250 related
    Other
    $0 + $444 related
    Deferred
    $0 + $15,213 related
    Nontaxable benefits
    $0 + $32,462 related
    Filer's total
    $0 + $263,951 related

  • DAVID JONES

    CLIN INSTRUC CRNA

    Total calculated
    $238,542
    From this org
    $0
    From related orgs
    $214,968
    Other
    $23,574
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $210,939 related
    Bonus
    $0
    Other
    $0 + $4,029 related
    Deferred
    $0 + $14,327 related
    Nontaxable benefits
    $0 + $9,247 related
    Filer's total
    $0 + $238,542 related

  • AMY SMITH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • BERNARD CHINNASAMI MD

    DIRECTOR (FROM 11/17/22)

    Total calculated
    $0
    Hours/week
    2

  • BRACK BRIGMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • BRADEN COVINGTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • DAVID FISHER MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 38 related

  • DAVID ZAAS MD

    DIRECTOR (FR 9/1/23)

    Total calculated
    $0
    Hours/week
    1 + 39 related

  • DON WEBB

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3 + 2 related

  • GURNEY SPARKY STROUD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JERRY CAMP

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JOSEPH BLOSSER

    DIRECTOR (FROM 11/17/22)

    Total calculated
    $0
    Hours/week
    2

  • JULIE DELGAUDIO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • KEN SMITH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 3 related

  • KEVIN P HIGH MD

    DIRECTOR (TO 9/1/23)

    Total calculated
    $0
    Hours/week
    1 + 39 related

  • MATTHEW EDWARDS MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 38 related

  • REVEREND FRANK THOMAS

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • ROYSTER TUCKER III

    CHAIR

    Total calculated
    $0
    Hours/week
    3

  • TASHA LOGAN FORD

    DIRECTOR (FROM 11/17/22)

    Total calculated
    $0
    Hours/week
    2

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: BRADLEY A. CLARK 80,393 J. MCLAIN WALLACE, JR. 114,290 MICHAEL T. WAID 91,177 JAMES HOEKSTRA, MD 127,760
FORM 990, PART VII, LINE 5 - COMPENSATION FROM UNRELATED ORGANIZATION
JAMES HOEKSTRA, MD WAS COMPENSATED BY WAKE FOREST UNIVERSITY HEALTH SCIENCES, AN AFFILIATED BUT UNRELATED ORGANIZATION, FOR SERVICES RENDERED TO THE ORGANIZATION. SEE PART VII AND SCHEDULE J, PART II FOR COMPENSATION. 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.

Disregarded entities

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

Related partnerships

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

Related corporations and trusts

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

  • HIGH POINT HEALTHCARE VENTURES INC

    C · REAL ESTATE · NC · 100% owned · share of income $981,750 · share of assets $16,714,327 · controlled entity

    Directly controlled by HIGH POINT REGIONAL HEALTH

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202413209349300431

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