Alleghany County Memorial Hospital Inc
- Assets
- $23.5m
- Revenue
- $15.0m
- Investments
- $0.0
- Employees
- 148
- Location
- Sparta, NC
- Founding
- 03/1952
- Data as of
- 09/2022
- EIN
- 56-0525657
Organization Overview
Alleghany County Memorial Hospital Inc is located in Sparta, NC. The organization was established in 1952. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 09/2023, Alleghany County Memorial Hospital Inc employed 148 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alleghany County Memorial Hospital Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2022, Alleghany County Memorial Hospital Inc generated $15.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $16.4m during the year ending 09/2022. While expenses have increased by 2.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE TOP QUALITY HEALTH CARE SERVICES TO OUR LOCAL COMMUNITY AND SURROUNDING COMMUNITIES. SERVICES ARE PROVIDED TO ALL INDIVIDUALS REGARDLESS OF THEIR ABILITY TO PAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALLEGHANY MEMORIAL HOSPITAL PROVIDED NECESSARY HEALTHCARE SERVICES TO INDIVIDUALS IN THE COMMUNITY REGARDLESS OF THEIR ABILITY TO PAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Becker Trustee/board Member | Trustee | 1 | $0 |
Whitney Ivey Trustee/board Member | Trustee | 1 | $0 |
Rocky Profitt Trustee/board Member | Trustee | 1 | $0 |
Jim Hoekstra Trustee/board Member | Trustee | 1 | $0 |
Jena Folger Trustee/board Member | Trustee | 1 | $0 |
Paul Hammes Trustee/board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Alleghany Emergency Group Llc Er Physicians | 9/29/23 | $1,077,119 |
Savista Llc (Nthruve) Patient Financial Services | 9/29/23 | $1,030,067 |
Wake Forest Baptist Medical Center It Support | 9/29/23 | $255,181 |
Cpsi It Support | 9/29/23 | $235,806 |
Frank L Blum Construction Co Construction | 9/29/23 | $741,998 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $966,181 |
| Government grants | $180,128 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,146,309 |
| Total Program Service Revenue | $13,727,263 |
| Investment income | $7,933 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,857 |
| Net Gain/Loss on Asset Sales | $14,768 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,001,905 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $170,040 |
| Compensation of current officers, directors, key employees. | $170,040 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,532,552 |
| Pension plan accruals and contributions | $65,022 |
| Other employee benefits | $771,011 |
| Payroll taxes | $396,183 |
| Fees for services: Management | $350,004 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $80,178 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,200,622 |
| Advertising and promotion | $74,186 |
| Office expenses | $1,351,213 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $163,011 |
| Travel | $9,319 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $933,558 |
| Insurance | $244,691 |
| All other expenses | $0 |
| Total functional expenses | $16,443,622 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,872,087 |
| Savings and temporary cash investments | $6,125 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,863,428 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $283,284 |
| Prepaid expenses and deferred charges | $79,999 |
| Net Land, buildings, and equipment | $18,017,744 |
| Investments—publicly traded securities | $298,292 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $50,467 |
| Other assets | $21,378 |
| Total assets | $23,492,804 |
| Accounts payable and accrued expenses | $6,793,219 |
| Grants payable | $0 |
| Deferred revenue | $1,042,066 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $123,705 |
| Total liabilities | $7,958,990 |
| Net assets without donor restrictions | $15,242,137 |
| Net assets with donor restrictions | $291,677 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $23,492,804 |