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CALDWELL MEMORIAL HOSPITAL INC

EIN 56-0554202 LENOIR, NC

Revenue 2024
$220,031,286
Expenses 2024
$201,923,680

Program services were 85.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
E220
Classification
1200
Street
321 MULBERRY ST SW

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

Mission

TO PROVIDE SAFE, EFFECTIVE, COMPASSIONATE CARE AND TO PROMOTE HEALTHY LIFESTYLES TO OUR COMMUNITY.

  • Caldwell Memorial Health, Inc. d/b/a UNC Health Caldwell is a component unit of the University of North Carolina Health Care System (UNCHCS). UNC Health Caldwell is a 5013 corporation whose sole corporate member is UNCHCS. Caldwell's mission is "to provide safe, effective, and compassionate care and to promote healthy lifestyles to our community." More broadly UNC Health's mission is "To improve the health and well-being of North Carolinians and others we serve." Our system values are One Great Team, Carolina Care, Leading the Way and It Starts with Me. In fulfilling this mission, Caldwell Memorial Health, Inc. provides medically necessary care to all individuals regardless of their ability to pay and reinvests resources to address unmet health needs, particularly in a rural and medically underserved region. Since opening in 1951, Caldwell Memorial Hospital, Inc. has continued to grow and change to better meet the needs of our community. Anchored by a 137 bed, acute care facility, Caldwell has a 74-year history of providing excellent health services to the residents and visitors of Caldwell and surrounding counties. Caldwell provides comprehensive care and services throughout Caldwell County and the surrounding region. Locations include: 1. The main campus which includes a 110-bed acute care hospital, 27 inpatient bed psychiatric unit and outpatient clinic, outpatient diagnostic services, 24/7 fully staffed emergency room, heart catheterization lab and inpatient and outpatient surgical services. 2. The Hancock Center incorporating outpatient procedures, dialysis access and pain management. 3. The Quest4Life Wellness Center (adjacent to the Hancock Center), a state-of-the-art fitness center open to the public on a membership basis. In addition, outpatient physical and occupational therapy, a cardiac & pulmonary rehab program, metabolic clinic and aesthetic services are housed within the Quest4Life Wellness Center. 4. Hospital primary care and specialty clinics throughout the region (including Caldwell, Catawba and Watauga counties) consisting of more than 70 providers (physicians and mid-level providers) Services include general and family practice, internal medicine, pediatrics, medical oncology, gynecology, cardiovascular, orthopedics, spine surgery, podiatry, pulmonology, gastroenterology, urology, general surgery, urgent care and diagnostic services. As the only acute care hospital in Caldwell County, Caldwell Memorial Hospital serves as a critical access point for emergency, inpatient, behavioral health, and specialty services for a largely rural population. Current Year Accomplishments During the year ended June 30, 2025, Caldwell continued work on the Capstone II project. This $33 million project will modernize four areas in the Hospital and create additional space to accommodate future growth. Departments included are the Cath Lab, clinical laboratory, food services including the cafeteria and new inpatient pharmacy space. The Cath Lab is currently unable to accommodate new equipment needed to replace the near end of life current system. The new addition will have more space, new equipment, a second Cath lab and additional recovery spaces. Inclusion of the clinical laboratory allows for upgrades in the infrastructure to power new equipment with higher capacity to handle the current volume in addition to capacity for growth. The current food services department has not been fully renovated since original construction and will greatly benefit from enhanced space. It will allow for increased efficiency, lower energy usage and improvement in food options. The new cafeteria will provide additional seating for employees and visitors, replacing a space that has little space for sitting and relaxing. The inpatient pharmacy is not optimally sized for current volume, and the expansion will not only provide additional space but will enhance efficiency. Groundbreaking occurred in the fall of 2024 and has continued with the expected grand opening in March of 2026. These investments directly support Caldwell's charitable mission by ensuring continued access to modern, safe, and efficient healthcare services for the community while preparing for future population health needs. Caldwell is extremely proud that we can continue bringing new services to our community. A new Interventional Pulmonologist joined the organization late in 2024 and the practice has continued to grow. Caldwell became the first organization in the state to offer lung biopsy's utilizing a Galaxy Robot. This robot allows for much earlier diagnosis of lung cancer. This early-stage diagnosis provides a much higher survival rate than was previously possible. This is especially important for Caldwell county as statistics from Cancer.gov show that the county has a higher incidence of lung cancer than the state of North Carolina. Additionally, statistics show that it has the highest death rate of all cancers in the county and that lung cancer has the highest priority ranking. This program addresses a documented community health disparity and demonstrates Caldwell's commitment to improving outcomes for high-risk populations through early detection and advanced technology. Caldwell was also able to celebrate the successful recruitment of a Neurologist to join the community. A grand opening for the new practice was held in July 2025 and has been well received by the community, meeting a need that had previously been unavailable in the community and allowing patients to seek care close to home. The Heart and Vascular service line continues to grow and expand. Two new physicians, an additional interventional cardiologist and vascular surgeon committed to joining the practice in September 2025 allowing more patients to receive specialty care close to home and reducing the need for travel outside the county. The 27 inpatient bed psychiatric unit named Jonas Hill Hospital opened for patients in July 2020. This facility is adjacent to the Mulberry Medical Office Building and on the main campus of the Hospital. This facility serves people in the community living with mental health conditions and their families providing hope and healing. The facility offers a holistic program of evidence-based psychiatric treatment, team-based medical care and education provided by engaging and dedicated professionals in a safe and healing environment. Caldwell has developed a transformative, clinically integrated, sustained system of high-quality patient and family centered care to serve the mental health needs of patients, families and the community. Working collaboratively with local mental health partners, Caldwell is working to achieve the goal of making mental healthcare as routine, accessible and understandable as physical healthcare. The current year continued building on the success of the virtual Inpatient Psychiatric provider model. This work stabilized the Inpatient providers as well as becoming a new model for rural health care in the behavioral health services sector as the demand for psychiatrists outweighs the supply. This shortage is especially prevalent in rural areas and this model allows providers in high demand to provide services in areas where they traditionally would not exist. In FY 2025, the Inpatient Unit admitted patients for 699 separate stays totaling 8,008 days of care for patients. The center continues to receive positive feedback from patients on their stay. To complement the inpatient unit the psychiatric outpatient clinic was opened in September 2021 in the same building as the Jonas Hill Hospital. The clinic continues to experience high demand and experiences very high schedule utilization which has expanded outpatient services. We continue to look at models to grow capacity for existing demand locally. Jonas Hill services are provided to patients regardless of insurance status and the program helps reduce emergency department utilization and inpatient boarding for individuals experiencing mental health crisis. Caldwell continues to utilize lean transformation techniques and strategies throughout the organization resulting in safer care delivery, improved patient outcomes and better stewardship of charitable care. Caldwell strives to be a top employer in the region. Over the year there were many opportunities to recognize employees for their everyday sacrifices and contributions which we remain very focused on. The results of these efforts are apparent in our lower-than-industry average turnover and high employee satisfaction. Maintaining a stable, engaged workforce supports continuity of care for patients and strengthens the local healthcare infrastructure.

    Expenses $172,359,240 · Revenue $217,135,910

As filed on the 2024 return.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • David Lowry MD

    Director/President & CEO

    Total calculated
    $740,571
    From this org
    $593,255
    From related orgs
    $0
    Other
    $147,316
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $430,958
    Bonus
    $146,675
    Other
    $15,622
    Deferred
    $115,258
    Nontaxable benefits
    $32,058
    Filer's total
    $740,571

  • David Smith

    Director/Chairman

    Total calculated
    $0
    Hours/week
    4

  • Jerry Church

    Director/Secretary & Treasurer

    Total calculated
    $0
    Hours/week
    4

  • Terry Hunt

    Director/Vice Chairman

    Total calculated
    $0
    Hours/week
    4

  • Bob Floyd

    Director

    Total calculated
    $0
    Hours/week
    2

  • Bradley Christoph MD

    Director

    Total calculated
    $378,274
    From this org
    $0
    From related orgs
    $360,261
    Other
    $18,013
    Hours/week
    2 + 58 related

    Schedule J breakdown matched by us

    Base
    $0 + $233,730 related
    Bonus
    $0 + $5,060 related
    Other
    $0 + $121,471 related
    Deferred
    $0 + $8,294 related
    Nontaxable benefits
    $0 + $9,719 related
    Filer's total
    $0 + $378,274 related

  • Diana McClinton MD

    Director

    Total calculated
    $0
    Hours/week
    2

  • Douglas Johnson

    Director

    Total calculated
    $0
    Hours/week
    2

  • Elizabeth Darnell MD

    Director

    Total calculated
    $261,606
    From this org
    $0
    From related orgs
    $235,098
    Other
    $26,508
    Hours/week
    2 + 58 related

    Schedule J breakdown matched by us

    Base
    $0 + $179,217 related
    Bonus
    $0 + $3,119 related
    Other
    $0 + $52,762 related
    Deferred
    $0 + $2,979 related
    Nontaxable benefits
    $0 + $23,529 related
    Filer's total
    $0 + $261,606 related

  • Janet Aiken

    Director

    Total calculated
    $0
    Hours/week
    2

  • Jason DePlatchett

    Director

    Total calculated
    $440,512
    From this org
    $0
    From related orgs
    $320,172
    Other
    $120,340
    Hours/week
    2 + 58 related

    Schedule J breakdown matched by us

    Base
    $0 + $230,494 related
    Bonus
    $0 + $82,201 related
    Other
    $0 + $7,477 related
    Deferred
    $0 + $81,095 related
    Nontaxable benefits
    $0 + $39,245 related
    Filer's total
    $0 + $440,512 related

  • Joseph Gibbons

    Director

    Total calculated
    $0
    Hours/week
    2

  • Kevin McDougall

    Director

    Total calculated
    $0
    Hours/week
    2

  • Mark Poarch MD

    Director

    Total calculated
    $0
    Hours/week
    2

  • Muriel Gaither

    Director

    Total calculated
    $0
    Hours/week
    2

  • Zachary Kimball MD

    Director

    Total calculated
    $0
    Hours/week
    2

  • Heather Foss

    COO

    Total calculated
    $286,298
    From this org
    $247,350
    From related orgs
    $0
    Other
    $38,948
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $187,132
    Bonus
    $60,218
    Other
    $0
    Deferred
    $9,890
    Nontaxable benefits
    $29,058
    Filer's total
    $286,298

  • Jerrell Suddreth RN

    CNO

    Total calculated
    $290,025
    From this org
    $251,129
    From related orgs
    $0
    Other
    $38,896
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $183,184
    Bonus
    $57,675
    Other
    $10,270
    Deferred
    $7,774
    Nontaxable benefits
    $31,122
    Filer's total
    $290,025

  • Karen Shadowens

    CFO

    Total calculated
    $382,391
    From this org
    $0
    From related orgs
    $347,480
    Other
    $34,911
    Hours/week
    30 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $270,775 related
    Bonus
    $0 + $76,705 related
    Other
    $0
    Deferred
    $0 + $14,464 related
    Nontaxable benefits
    $0 + $20,447 related
    Filer's total
    $0 + $382,391 related

  • Sarah Young MD

    CMO

    Total calculated
    $417,691
    From this org
    $391,187
    From related orgs
    $0
    Other
    $26,504
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $332,382
    Bonus
    $21,063
    Other
    $37,742
    Deferred
    $11,321
    Nontaxable benefits
    $15,183
    Filer's total
    $417,691

  • Allison Charles PT

    VP/Physician Services

    Total calculated
    $307,038
    From this org
    $268,079
    From related orgs
    $0
    Other
    $38,959
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $187,579
    Bonus
    $74,946
    Other
    $5,554
    Deferred
    $9,901
    Nontaxable benefits
    $29,058
    Filer's total
    $307,038

  • Amy Abouzied MD

    Medical Practice Physician

    Total calculated
    $345,413
    From this org
    $333,021
    From related orgs
    $0
    Other
    $12,392
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $312,006
    Bonus
    $2,339
    Other
    $18,676
    Deferred
    $12,392
    Nontaxable benefits
    $0
    Filer's total
    $345,413

  • James Hathorn MD

    Medical Practice Physician

    Total calculated
    $1,375,278
    From this org
    $1,355,333
    From related orgs
    $0
    Other
    $19,945
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $411,930
    Bonus
    $2,339
    Other
    $941,064
    Deferred
    $12,459
    Nontaxable benefits
    $7,486
    Filer's total
    $1,375,278

  • Randal Bast MD

    Medical Practice Physician

    Total calculated
    $723,985
    From this org
    $679,960
    From related orgs
    $0
    Other
    $44,025
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $356,500
    Bonus
    $1,040
    Other
    $322,420
    Deferred
    $12,903
    Nontaxable benefits
    $31,122
    Filer's total
    $723,985

  • Robert Hartman

    Nurse Anesthetist

    Total calculated
    $312,052
    From this org
    $297,254
    From related orgs
    $0
    Other
    $14,798
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $238,193
    Bonus
    $9,236
    Other
    $49,825
    Deferred
    $7,312
    Nontaxable benefits
    $7,486
    Filer's total
    $312,052

The first 25 listed. 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. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $220,031,286
    Expenses
    $201,923,680
    Contributions
    $1,328,386
    Grants paid
    $0
  • 2023
    Revenue
    $207,478,072
    Expenses
    $205,173,632
    Contributions
    $1,020,250
    Grants paid
    $0
  • 2022
    Revenue
    $191,991,776
    Expenses
    $188,862,859
    Contributions
    $362,350
    Grants paid
    $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2023 · 990-T

    Revenue
    not reported
    Expenses
    not reported
    Assets (EOY)
    not reported

  • 2022 · 990-T

    Revenue
    not reported
    Expenses
    not reported
    Assets (EOY)
    not reported

  • 2021 · 990

    Revenue
    $179,319,128
    Expenses
    $175,875,589
    Assets (EOY)
    $122,705,147

  • 2021 · 990-T

    Revenue
    not reported
    Expenses
    not reported
    Assets (EOY)
    not reported

  • 2020 · 990

    Revenue
    $161,780,892
    Expenses
    $158,420,390
    Assets (EOY)
    $105,948,361

  • 2020 · 990-T

    Revenue
    not reported
    Expenses
    not reported
    Assets (EOY)
    not reported

  • 2019 · 990

    Revenue
    $140,717,562
    Expenses
    $141,876,755
    Assets (EOY)
    $106,154,351

  • 2018 · 990

    Revenue
    $154,045,029
    Expenses
    $142,352,067
    Assets (EOY)
    $97,819,298

  • 2017 · 990

    Revenue
    $131,603,356
    Expenses
    $121,756,911
    Assets (EOY)
    $86,425,728

  • 2016 · 990

    Revenue
    $130,168,973
    Expenses
    $121,385,646
    Assets (EOY)
    $80,768,196

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2024 return

Declared as related by

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Related partnerships on its 2024 return

Related corporations and trusts on its 2024 return

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 13 October 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 29 October 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.