Ashe Memorial Hospital Inc
- Assets
- $27.6m
- Revenue
- $45.5m
- Investments
- $0.0
- Employees
- 427
- Location
- Jefferson, NC
- Founding
- 11/1942
- Data as of
- 12/2021
- EIN
- 56-0603900
Organization Overview
Ashe Memorial Hospital Inc is located in Jefferson, NC. The organization was established in 1942. 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 12/2021, Ashe Memorial Hospital Inc employed 427 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ashe 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 12/2021, Ashe Memorial Hospital Inc generated $45.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $40.0m during the year ending 12/2021. While expenses have increased by 3.6% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ACUTE HOSPITAL CARE SERVICES PROVIDED TO THE RESIDENTS OF ASHE COUNTY, NC AND SURROUNDING AREAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASHE MEMORIAL PROVIDES INPATIENT, OUTPATIENT, AND EMERGENCY CARE SERVICES FOR RESIDENTS OF ASHE COUNTY AND THE SURROUNDING AREAS. THE HOSPITAL PROVIDED A SIGNIFICANT AMOUNT OF COMMUNITY BENEFIT AND OUTREACH TO THE COUNTY AND SURROUNDING AREAS. BENEFIT AND OUTREACH PROGRAMS ARE PROVIDED IN CONJUNCTION WITH THE ASHE COUNTY HEALTH COUNCIL AND INDEPENDENTLY THROUGH VARIOUS DEPARTMENTS AND SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Sachs MD Physician | 40 | $388,018 | |
Tara Blalock Burgher Physician | 40 | $329,177 | |
Ronald W Benfield MD Physician | 40 | $306,315 | |
Melinda Wonsick Physician | 40 | $266,135 | |
Theodore Flint Gray III Physician | 40 | $186,539 | |
Kyle Hall Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jld Enterprises Construction Company | 12/30/21 | $413,187 |
Restore Respiratory Care Inc Respiratory Therapy | 12/30/21 | $378,932 |
Medical Solutions Llcc Travel Nursing Agency | 12/30/21 | $297,828 |
Jefferson Emergency Services Ed Providers | 12/30/21 | $1,027,523 |
Medstream Anesthesia Healthcare Solutions Company | 12/30/21 | $397,387 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,305,322 |
| All other contributions, gifts, grants, and similar amounts not included above | $186,654 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,491,976 |
| Total Program Service Revenue | $39,779,911 |
| Investment income | $39,483 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $184,177 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $45,501,677 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $372,335 |
| Grants and other assistance to domestic individuals. | $2,876 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,397,827 |
| Pension plan accruals and contributions | $114,702 |
| Other employee benefits | $1,886,639 |
| Payroll taxes | $976,106 |
| Fees for services: Management | $300,000 |
| Fees for services: Legal | $60,032 |
| Fees for services: Accounting | $39,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,794,515 |
| Advertising and promotion | $62,745 |
| Office expenses | $7,138,549 |
| Information technology | $305,185 |
| Royalties | $0 |
| Occupancy | $468,624 |
| Travel | $3,558 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $56,642 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,260,117 |
| Insurance | $319,801 |
| All other expenses | $0 |
| Total functional expenses | $39,985,052 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,826,820 |
| Savings and temporary cash investments | $827,611 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,482,886 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,283,546 |
| Prepaid expenses and deferred charges | $250,235 |
| Net Land, buildings, and equipment | $9,288,155 |
| Investments—publicly traded securities | $577,452 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $33,745 |
| Total assets | $27,570,450 |
| Accounts payable and accrued expenses | $2,905,200 |
| Grants payable | $0 |
| Deferred revenue | $4,312,714 |
| 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 | $4,123,219 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $475,160 |
| Total liabilities | $11,816,293 |
| Net assets without donor restrictions | $15,502,879 |
| Net assets with donor restrictions | $251,278 |
| 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 | $27,570,450 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ashe Memorial Hospital Inc has recieved totaling $264,825.
| Awarding Organization | Amount |
|---|---|
North Carolina Healthcare Foundation Inc Cary, NC PURPOSE: SMALL RURAL HEALTH IMPROVEMENT GRANT PROGRAM. ASPR - NORTH CAROLINA COVID-19 HOSPITAL PREPAREDNESS PROGRAM | $264,825 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Maryview Hospital Llc Suffolk, VA | $0 | $126,392,609 |
Leconte Medical Center Knoxville, TN | $91,240,969 | $144,185,798 |
Columbus Regional Healthcare System Whiteville, NC | $197,969,739 | $134,524,668 |
Harnett Health System Inc Dunn, NC | $119,557,525 | $137,837,447 |
Lexington Medical Center Lexington, NC | $126,269,827 | $125,126,706 |
Bon Secours-Richmond Community Hospital Richmond, VA | $200,107,508 | $168,768,277 |
Uva Culpeper Medical Center Culpeper, VA | $139,556,597 | $116,029,117 |
Crisp Regional Hospital Inc Cordele, GA | $164,464,771 | $118,380,453 |
Morristown Hamblen Hosp Knoxville, TN | $71,835,132 | $127,114,372 |
Upson County Hospital Inc Thomaston, GA | $251,563,523 | $131,936,777 |
Novant Health Thomasville Medical Center Llc Winston Salem, NC | $97,078,773 | $115,006,947 |
Meadows Regional Medical Center Inc Vidalia, GA | $156,126,750 | $94,571,212 |