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Nonprofiteer
← MOSES CONE AFFILIATED PHYSICIANS INC

Form 990 for tax year 2024

Filed by MOSES CONE AFFILIATED PHYSICIANS INC.

Totals

Total revenue
$22,589,106
Total expenses
$22,589,106
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$22,548,451
Investment income
$0
Other revenue
$40,655
Total assets, end of year
$44,391,957
Total liabilities, end of year
$206,337,317
Net assets or fund balances, end of year
-$161,945,360
Program services expenses (Part IX)
$20,330,195
Management and general expenses
$2,258,911
Fundraising expenses
$0
Program service expenses (Part III)
$20,330,195

Program services were 90.0% 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.

  • 2a · Program service revenue: PATIENT REVENUE

    total $18,945,155 · related or exempt $18,945,155

  • 2b · Program service revenue: SERVICES TO AFFILIATE ORGANIZATION

    total $3,464,770 · related or exempt $3,464,770

  • 2c · Program service revenue: SERVICES TO PATIENTS

    total $93,148 · related or exempt $93,148

  • 2d · Program service revenue: SERVICES TO GOVERNMENT AGENCIES

    total $45,378 · related or exempt $45,378

  • 3 · Investment income

    total $0 · unrelated business $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    real property $10,070

  • 6c · Rental income or loss

    real property $10,070 · personal property $0

  • 6d · Net rental income or loss

    total $10,070 · excluded $10,070

  • 7a · Gross sales of assets other than inventory

    other assets $74,831

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

    other assets $74,831

  • 7d · Net gain or loss

    total $0 · excluded $0

  • 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: ALL OTHER SERVICES

    total $30,450 · related or exempt $30,450

  • 11b · Other revenue: MEDICAL RECORDS DEPOSIT

    total $135 · related or exempt $135

  • 11e · Other revenue, total

    $30,585

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 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 $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $17,700,767 · program services $15,930,690 · management and general $1,770,077

  • 8 · Pension plan contributions

    total $345,743 · program services $311,169 · management and general $34,574

  • 9 · Other employee benefits

    total $1,993,403 · program services $1,794,063 · management and general $199,340

  • 10 · Payroll taxes

    total $678,562 · program services $610,706 · management and general $67,856

  • 11a · Fees: management

    total $4,545,348 · program services $4,090,813 · management and general $454,535

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $16,478 · program services $14,830 · management and general $1,648

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $5,252 · program services $4,727 · management and general $525

  • 12 · Advertising and promotion

    total $41,788 · program services $37,609 · management and general $4,179

  • 13 · Office expenses

    total $115,540 · program services $103,986 · management and general $11,554

  • 14 · Information technology

    total $87,603 · program services $78,843 · management and general $8,760

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $717,316 · program services $645,584 · management and general $71,732

  • 17 · Travel

    total $42,006 · program services $37,805 · management and general $4,201

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $804 · program services $724 · management and general $80

  • 21 · Payments to affiliates

    total -$7,376,776 · program services -$6,639,098 · management and general -$737,678

  • 22 · Depreciation, depletion and amortization

    total $155,540 · program services $139,986 · management and general $15,554

  • 23 · Insurance

    total $88,168 · program services $79,351 · management and general $8,817

  • 24a · Other expenses: MEDICAL SERVICES & SUPPLIES

    total $3,163,433 · program services $2,847,090 · management and general $316,343

  • 24b · Other expenses: UTILITIES, REPAIRS & MAINTENAN

    total $156,901 · program services $141,211 · management and general $15,690

  • 24c · Other expenses: RECRUITMENT, RETENTION & EDUCA

    total $66,399 · program services $59,759 · management and general $6,640

  • 24d · Other expenses: TAXES & LICENSURE

    total $34,447 · program services $31,002 · management and general $3,445

  • 24e · All other expenses

    total $10,384 · program services $9,345 · management and general $1,039

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,694,571 · end of year $2,681,638

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $7,963,769 · end of year $8,103,031

  • 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 $265,099 · end of year $339,105

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

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

    $5,717,808

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

    $4,104,675

  • 10c · Land, buildings and equipment, net

    beginning of year $1,749,822 · end of year $1,613,133

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $1,563,096 · end of year $1,563,096

  • 15 · Other assets

    beginning of year $30,599,838 · end of year $30,091,954

  • 17 · Accounts payable and accrued expenses

    beginning of year $29,618,919 · end of year $26,494,592

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · 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 $176,662,636 · end of year $179,842,725

  • 27 · Net assets without donor restrictions

    beginning of year -$161,445,360 · end of year -$161,945,360

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

WE SERVE OUR COMMUNITIES BY PREVENTING ILLNESS, RESTORING HEALTH AND PROVIDING COMFORT, THROUGH EXCEPTIONAL PEOPLE DELIVERING EXCEPTIONAL CARE.

  • DELIVERY OF PHYSICIAN SERVICES FOR THE BENEFIT OF RESIDENTS OF THE COMMUNITY. MOSES CONE AFFILIATED PHYSICIANS ACCOMODATED 82,514 OFFICE, HOSPITAL, AND TELEHEALTH VISITS FOR THE YEAR. OF THE TOTAL GROSS CHARGES BOOKED FOR THE YEAR, 58.50% WERE FOR MEDICARE OR MEDICAID PATIENTS. FOR THE YEAR, MOSES CONE AFFILIATED PHYSICIANS PROVIDED $245,315 OF CHARITY CARE TO THE COMMUNITY.

    Expenses $20,330,195 · Revenue $22,579,036

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

Listed in Part VII

  • Cagle MD Mary Jo

    DIRECTOR

    Total calculated
    $2,397,790
    From this org
    $0
    From related orgs
    $2,289,628
    Other
    $108,162
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,275,861 related
    Bonus
    $0 + $843,946 related
    Other
    $0 + $169,821 related
    Deferred
    $0 + $77,226 related
    Nontaxable benefits
    $0 + $30,936 related
    Filer's total
    $0 + $2,397,790 related

  • Matthews MD John

    PHYSICIAN

    Total calculated
    $1,577,329
    From this org
    $1,514,305
    From related orgs
    $0
    Other
    $63,024
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,155,491
    Bonus
    $350,642
    Other
    $8,172
    Deferred
    $38,672
    Nontaxable benefits
    $24,352
    Filer's total
    $1,577,329

  • Bensimhon MD Daniel

    PHYSICIAN

    Total calculated
    $1,241,063
    From this org
    $1,153,911
    From related orgs
    $0
    Other
    $87,152
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,050,165
    Bonus
    $100,350
    Other
    $3,396
    Deferred
    $51,936
    Nontaxable benefits
    $35,216
    Filer's total
    $1,241,063

  • Barrow Andrew

    DIRECTOR

    Total calculated
    $1,072,400
    From this org
    $0
    From related orgs
    $978,116
    Other
    $94,284
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $595,132 related
    Bonus
    $0 + $315,105 related
    Other
    $0 + $67,879 related
    Deferred
    $0 + $53,500 related
    Nontaxable benefits
    $0 + $40,784 related
    Filer's total
    $0 + $1,072,400 related

  • McLean MD Dalton

    PHYSICIAN

    Total calculated
    $1,072,172
    From this org
    $1,004,086
    From related orgs
    $0
    Other
    $68,086
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $905,265
    Bonus
    $96,860
    Other
    $1,961
    Deferred
    $41,389
    Nontaxable benefits
    $26,697
    Filer's total
    $1,072,172

  • Camnitz MD Will

    PHYSICIAN

    Total calculated
    $1,065,535
    From this org
    $1,030,493
    From related orgs
    $0
    Other
    $35,042
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $926,307
    Bonus
    $102,176
    Other
    $2,010
    Deferred
    $23,420
    Nontaxable benefits
    $11,622
    Filer's total
    $1,065,535

  • Lambert MD Cameron

    PHYSICIAN

    Total calculated
    $1,037,638
    From this org
    $967,346
    From related orgs
    $0
    Other
    $70,292
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $867,198
    Bonus
    $98,180
    Other
    $1,968
    Deferred
    $42,878
    Nontaxable benefits
    $27,414
    Filer's total
    $1,037,638

  • Portillo MD Martin

    FORMER PRESIDENT

    Total calculated
    $907,083
    From this org
    $0
    From related orgs
    $873,805
    Other
    $33,278
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $121,831 related
    Bonus
    $0 + $223,799 related
    Other
    $0 + $528,175 related
    Deferred
    $0 + $32,561 related
    Nontaxable benefits
    $0 + $717 related
    Filer's total
    $0 + $907,083 related

  • Sinopoli MD Angelo

    DIRECTOR

    Total calculated
    $618,132
    From this org
    $0
    From related orgs
    $567,730
    Other
    $50,402
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $492,498 related
    Bonus
    $0
    Other
    $0 + $75,232 related
    Deferred
    $0 + $49,773 related
    Nontaxable benefits
    $0 + $629 related
    Filer's total
    $0 + $618,132 related

  • Brown Christopher

    VICE PRESIDENT

    Total calculated
    $499,910
    From this org
    $0
    From related orgs
    $416,353
    Other
    $83,557
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $283,514 related
    Bonus
    $0 + $111,402 related
    Other
    $0 + $21,437 related
    Deferred
    $0 + $46,657 related
    Nontaxable benefits
    $0 + $36,900 related
    Filer's total
    $0 + $499,910 related

  • Cleveland Beverly

    CHIEF FINANCIAL OFFICER

    Total calculated
    $442,244
    From this org
    $0
    From related orgs
    $398,632
    Other
    $43,612
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $279,307 related
    Bonus
    $0 + $90,545 related
    Other
    $0 + $28,780 related
    Deferred
    $0 + $39,115 related
    Nontaxable benefits
    $0 + $4,497 related
    Filer's total
    $0 + $442,244 related

  • Curran William

    PRESIDENT

    Total calculated
    $437,731
    From this org
    $0
    From related orgs
    $350,424
    Other
    $87,307
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $305,066 related
    Bonus
    $0 + $20,025 related
    Other
    $0 + $25,333 related
    Deferred
    $0 + $55,689 related
    Nontaxable benefits
    $0 + $31,618 related
    Filer's total
    $0 + $437,731 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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 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
  • 6a · Pay contingent on this organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

EARNINGS CONTINGENT COMPENSATION
FORM 990, SCHEDULE J, PART I, LINE 6B OFFICERS ARE PAID BY MOSES H. CONE MEMORIAL HOSPITAL OPERATING CORPORATION, INC AND PARTICIPATE IN THE MANAGEMENT INCENTIVE COMPENSATION PROGRAM. UNDER THIS PROGRAM, A PORTION OF THE SALARY OF THOSE AT A LEVEL OF DEPARTMENT DIRECTOR AND HIGHER IS SET ASIDE AND IS CONTINGENT UPON THE HEALTH SYSTEM'S PERFORMANCE ON SEVERAL MEASURES, INCLUDING NET EARNINGS. NOTE: IF THESE MEASURES ARE NOT MET, THEIR COMPENSATION WILL BE BELOW THE MARKET LEVEL FOR THEIR JOB.

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.

  • NXT Cap Sr Loan Fund I LLC

    N/A · Investment · DE

    Directly controlled by NA

  • Maui Nui ASC Holdco LLC

    N/A · Holding Co · HI

    Directly controlled by NA

  • Keystone Accountable Care Organization

    N/A · Accountable care · PA

    Directly controlled by NA

  • NSC Greensboro West

    N/A · Health Care · AL

    Directly controlled by NA

  • Geisinger HM Joint Venture LLC

    N/A · Health Care · PA

    Directly controlled by NA

  • Evangelical-Geisinger Health LLC

    N/A · Health Care · PA

    Directly controlled by NA

  • Geisinger Encompass Health LLC

    N/A · Health Care · PA

    Directly controlled by NA

  • Keystone Healthcare Partnership LLC

    N/A · Health Care · PA

    Directly controlled by NA

  • HTA Holdings LLC

    N/A · Holding Company · NC

    Directly controlled by NA

  • Cone Health Ventures LLC

    N/A · Innovation · NC

    Directly controlled by NA

Related corporations and trusts

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

  • Oak Tree Assurance Ltd

    C Corp · Insurance · VT

    Directly controlled by NA

  • Kaiser Permanente Insurance Company

    C Corp · Insurance · CA

    Directly controlled by NA

  • Kaiser Permanente International

    C Corp · Consulting · CA

    Directly controlled by NA

  • KFHP of Washington Options Inc

    C Corp · Insurance · WA

    Directly controlled by NA

  • Group Health of Washington

    C Corp · Inactive · WA

    Directly controlled by NA

  • Garfield Health Solutions East Pvt Ltd

    C Corp · Admin · IN

    Directly controlled by NA

  • Garfield Health Solutions West SRL

    C Corp · Admin · CS

    Directly controlled by NA

  • Geisinger Assurance Company Ltd

    C Corp · Financial · CJ

    Directly controlled by NA

  • Geisinger Indemnity Insurance Company

    C Corp · Insurance · PA

    Directly controlled by NA

  • Geisinger Quality Options Inc

    C Corp · Insurance · PA

    Directly controlled by NA

  • ISS Solutions Inc

    C Corp · Clin Engineering · PA

    Directly controlled by NA

  • Care N' Care Insurance Co North Carolina

    C Corp · Insurance · NC

    Directly controlled by NA

  • Wesley Long Community Health Svcs Inc

    C Corp · Health Care · NC

    Directly controlled by NA

  • Insurance Casualty and Risk Enterprise

    C Corp · Insurance · CJ

    Directly controlled by NA

  • Piedmont Practice Associates Inc

    C Corp · Health Care · NC

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202533219349307893

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