Hugh Chatham Memorial Hospital Inc
- Assets
- $281.6m
- Revenue
- $158.1m
- Investments
- $0.0
- Employees
- 1,071
- Location
- Elkin, NC
- Founding
- 06/1932
- Data as of
- 09/2021
- EIN
- 56-0642846
Organization Overview
Hugh Chatham Memorial Hospital Inc is located in Elkin, NC. The organization was established in 1932. 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 09/2021, Hugh Chatham Memorial Hospital Inc employed 1,071 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hugh Chatham 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 09/2021, Hugh Chatham Memorial Hospital Inc generated $158.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $139.6m during the year ending 09/2021. While expenses have increased by 4.4% per year over the past 6 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
TO PROVIDE BIRTHING AND ACUTE CARE SERVICES IN ADDITION TO SKILLED NURSING, RETIREMENT COMMUNITY, HOME HEALTH, AND HOSPICE SERVICES PRIMARILY TO THE RESIDENTS OF AND SURROUNDING COUNTIES TO SURRY COUNTY, NORTH CAROLINA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WHILE 2021 WAS A YEAR TO NEVER FORGET, HUGH CHATHAM MEMORIAL HOSPITAL CONTINUED THEIR LEGACY OF PROVIDING HEALTHCARE TO ALL WITHIN THE COMMUNITY DURING THE GLOBAL PANDEMIC, COVID-19. THE ORGANIZATION'S VISION, "TO BE THE BEST COMMUNITY HEALTH SYSTEM IN THE NATION WITH SERVICE AS OUR GUIDING PRINCIPLE," DECLARES THAT EVERY MEMBER OF THE STAFF PROVIDES THE HIGHEST LEVEL OF CARE FOR EVERY PATIENT, AT EVERY LOCATION. HUGH CHATHAM MAKES A DIFFERENCE EVERY DAY FOR LOCAL CITIZENS AND EMPLOYERS. THE NONPROFIT HEALTH CARE SYSTEM HAS RECENTLY RECEIVED MANY PRESTIGIOUS AWARDS THAT ACCENTUATE ITS COMMITMENT TO EXCELLENCE.- WOMEN'S CHOICE AWARD FOR BEST IN PATIENT SAFETY AND STROKE CARE FOR 2022- AMERICAN HEART ASSOCIATION 2021 GET WITH THE GUIDELINES: STROKE SILVER PLUS WITH HONOR ROLL ELITE AND TARGET: TYPE 2 DIABETES- JOINT COMMISSION'S GOLD SEAL OF APPROVAL FOR THE ADVANCED CERTIFICATION FOR TOTAL HIP AND KNEE REPLACEMENT- NATIONALLY RECOGNIZED AS AN "A" GRADE FOR PATIENT SAFETY BY THE LEAPFROG GROUP SPRING 2021- YADKIN VALLEY HOME HEALTH RANKS IN THE TOP 20% IN PATIENT SATISFACTION AMONG 4,000+ AGENCIES NATIONWIDE.- HUGH CHATHAM MEMORIAL HOSPITAL RANKED IN THE TOP 10% AMONG NORTH CAROLINA HOSPITALS FOR PATIENT SATISFACTION.HUGH CHATHAM ACKNOWLEDGED THAT HELPING OUR COMMUNITY WAS ESSENTIAL IN COMBATTING COVID-19 AND TO PROTECT THE PEOPLE WHO MAKE HUGH CHATHAM'S HEALTH SYSTEM SO IMPACTFUL. THE ORGANIZATION PROVIDED COVID-19 VACCINE CLINICS FOR EMPLOYEES AND THE COMMUNITY. IN ADDITION, HUGH CHATHAM PROVIDED EDUCATION TO DECREASE THE SPREAD OF THE VIRUS TO COMMUNITY MEMBERS. HUGH CHATHAM MEDICAL GROUP ALSO OPENED THREE NEW PHYSICIAN PRACTICES AND EXPANDED EXPRESS CARE SERVICES, PROVIDING GREATER ACCESS TO HEALTHCARE THROUGHOUT THE AREA. OUR COMMUNITY RALLIED TO ENSURE SAFETY FOR ALL. HUGH CHATHAM CREATED PARTNERSHIPS WITH LOCAL ORGANIZATIONS TO PROVIDE PERSONAL PROTECTION EQUIPMENT (PPE) TO PROTECT OUR STAFF WHILE THEY PROVIDED EXCEPTIONAL CARE TO PATIENTS. IN HUGH CHATHAM'S RAPID RESPONSE TO COVID-19, THE HEALTH SYSTEM CREATED A VIRTUAL CARE PLATFORM TO PROVIDE CARE TO PATIENTS WHO WERE IN QUARANTINE, DID NOT WANT TO BE AT RISK FOR COVID-19, OR OTHERWISE HOME-BOUND. HUGH CHATHAM VIRTUAL CARE ALLOWS ACCESS TO PROVIDERS VIA WEBSITE OR APPLICATION.A COMPLETE LISTING OF SERVICES IS AVAILABLE ON THE HEALTH SYSTEM'S WEBSITE AT WWW.HUGHCHATHAM.ORG. FOR REAL-TIME UPDATES AND STORIES ABOUT THE PEOPLE WHO MAKE THIS HEALTH SYSTEM SUCCESSFUL, VISIT HUGH CHATHAM MEMORIAL HOSPITAL ON FACEBOOK, INSTAGRAM, TWITTER AND LINKEDIN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Dominick Carbone Physician | 40 | $778,070 | |
Dr Murug Subbiah Board Member | Trustee | 1 | $743,390 |
Dr Johnathan Whitaker Physician | 40 | $706,616 | |
Dr Jonathan Snyder Physician | 40 | $606,634 | |
Dr Andrew Lee Physician | 40 | $517,838 | |
Paul Hammes CEO | Officer | 40 | $464,148 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Horizon Csa Llc Equipment Maintenance | 9/29/21 | $1,841,495 |
Sodexo Inc Dietary & Housekeeping Services | 9/29/21 | $3,500,786 |
Nthrive Inc Billing | 9/29/21 | $1,577,251 |
Cardinal Health Medical Supplies | 9/29/21 | $1,987,603 |
Cardinal Pharmacy Pharmaceuticals | 9/29/21 | $2,264,051 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,800,000 |
| 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 | $2,800,000 |
| Total Program Service Revenue | $136,807,043 |
| Investment income | $3,251,005 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,207,315 |
| Net Gain/Loss on Asset Sales | $14,030,638 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $158,103,524 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $8,883 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,969,208 |
| Compensation of current officers, directors, key employees. | $1,378,445 |
| Compensation to disqualified persons | $74,793 |
| Other salaries and wages | $51,117,654 |
| Pension plan accruals and contributions | $757,502 |
| Other employee benefits | $8,175,692 |
| Payroll taxes | $3,483,891 |
| Fees for services: Management | $68,004 |
| Fees for services: Legal | $47,896 |
| Fees for services: Accounting | $178,245 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $654,269 |
| Fees for services: Other | $19,472,696 |
| Advertising and promotion | $431,277 |
| Office expenses | $10,867,660 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,569,517 |
| Travel | $269,438 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,339,805 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,857,373 |
| Insurance | $693,015 |
| All other expenses | $596,119 |
| Total functional expenses | $139,604,302 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $331,953 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,836,662 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,093,409 |
| Prepaid expenses and deferred charges | $2,786,184 |
| Net Land, buildings, and equipment | $54,105,478 |
| Investments—publicly traded securities | $187,810,784 |
| Investments—other securities | $0 |
| Investments—program-related | $13,871,090 |
| Intangible assets | $0 |
| Other assets | $5,778,146 |
| Total assets | $281,613,706 |
| Accounts payable and accrued expenses | $13,074,451 |
| Grants payable | $0 |
| Deferred revenue | $756,797 |
| Tax-exempt bond liabilities | $53,554,980 |
| 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 | $8,326,943 |
| Total liabilities | $75,713,171 |
| Net assets without donor restrictions | $202,675,123 |
| Net assets with donor restrictions | $3,225,412 |
| 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 | $281,613,706 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hugh Chatham Memorial Hospital Inc has recieved totaling $31,000.
| Awarding Organization | Amount |
|---|---|
Chatham Foundation Inc Raleigh, NC PURPOSE: GENERAL PURPOSE | $31,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
First Health Of The Carolinas Inc Pinehurst, NC | $1,544,188,654 | $986,400,718 |
Mary Washington Healthcare Fredericksburg, VA | $593,675,918 | $863,388,863 |
Mountain States Health Alliance Johnson City, TN | $556,120,495 | $805,201,599 |
Baptist Memorial Hospital Memphis, TN | $691,981,947 | $770,663,628 |
Medical Center Of Central Georgia Inc Macon, GA | $1,397,526,718 | $800,413,800 |
Mcleod Regional Medical Center Of The Pee Dee Inc Florence, SC | $2,090,467,381 | $796,571,278 |
St Francis Hospital Inc Greenville, SC | $778,217,234 | $752,202,599 |
Phoebe Putney Memorial Hospital Inc Albany, GA | $729,879,818 | $712,342,689 |
Cobb Hospital Marietta, GA | $403,732,052 | $857,038,951 |
Anmed Health Anderson, SC | $1,245,907,620 | $728,404,682 |
Gaston Memorial Hospital Inc Gastonia, NC | $627,844,903 | $665,062,443 |
University Health Services Inc Augusta, GA | $1,020,272,774 | $598,292,806 |