Goshen Medical Center Incorporated
- Assets
- $62.2m
- Revenue
- $66.2m
- Investments
- $458.6k
- Employees
- 503
- Location
- Faison, NC
- Founding
- 08/1979
- Data as of
- 12/2021
- EIN
- 56-1209062
Organization Overview
Goshen Medical Center Incorporated is located in Faison, NC. The organization was established in 1979. As of 12/2021, Goshen Medical Center Incorporated employed 503 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Goshen Medical Center Incorporated 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, Goshen Medical Center Incorporated generated $66.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.4% each year . All expenses for the organization totaled $45.0m during the year ending 12/2021. While expenses have increased by 8.8% 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
TO PROVIDE ACCESS TO AFFORDABLE HEALTH CARE FOR ALL PEOPLE IN EASTERN NORTH CAROLINA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOSHEN MEDICAL CENTER, INC. IS A PRIMARY HEALTH CLINIC ORGANIZED TO PROVIDE MEDICAL SERVICES TO UNDERSERVED AREAS IN EASTERN NORTH CAROLINA. THESE SERVICES INCLUDE MIGRANT HEALTH AND DENTAL CARE. FEES ARE ADJUSTED FOR THOSE WHO ARE EITHER UN- INSURED OR UNDER-INSURED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory M Bounds CEO | Officer | 40 | $453,866 |
Thomas Maynor Chief Med. O | 40 | $321,875 | |
Lisa Lafata Physician | 40 | $307,772 | |
Brittany Canady Physician | 40 | $306,534 | |
Chelcie Kaluzny Physician | 40 | $270,674 | |
Krista Welch Physician | 40 | $268,324 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fox Rothschild Llp Fox Rothschild Llp Legal Fees | 12/30/21 | $405,757 |
Practice Mgt Support Services Inc Practice Mgt Support Services Inc Medical Billing | 12/30/21 | $1,625,271 |
Naia Corporation Naia Corporation It Service | 12/30/21 | $1,333,689 |
Sc Telecommunications Group Holdings Sc Telecommunications Group Holdings It Services | 12/30/21 | $298,039 |
Tinkbird Healthcare Staffing Tinkbird Healthcare Staffing Locum Doctors | 12/30/21 | $476,290 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $17,137,436 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $256,204 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,137,436 |
| Total Program Service Revenue | $44,298,672 |
| Investment income | $11,107 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $66,151,688 |
| 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. | $484,441 |
| Compensation of current officers, directors, key employees. | $484,441 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,233,882 |
| Pension plan accruals and contributions | $807,929 |
| Other employee benefits | $3,617,718 |
| Payroll taxes | $1,392,461 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $339,515 |
| Fees for services: Accounting | $93,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,810,591 |
| Advertising and promotion | $0 |
| Office expenses | $5,676,976 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,616,740 |
| Travel | $94,180 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $47,137 |
| Interest | $125,812 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,203,643 |
| Insurance | $296,148 |
| All other expenses | $9,839 |
| Total functional expenses | $44,972,210 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,965,983 |
| Savings and temporary cash investments | $13,131,160 |
| Pledges and grants receivable | $6,120,094 |
| Accounts receivable, net | $3,794,615 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $384,829 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $22,820,958 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $458,639 |
| Investments—program-related | $0 |
| Intangible assets | $313,735 |
| Other assets | $2,181,074 |
| Total assets | $62,171,087 |
| Accounts payable and accrued expenses | $1,858,659 |
| Grants payable | $0 |
| Deferred revenue | $1,038,649 |
| 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 | $3,582,254 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $455,415 |
| Total liabilities | $6,934,977 |
| Net assets without donor restrictions | $55,236,110 |
| Net assets with donor restrictions | $0 |
| 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 | $62,171,087 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Goshen Medical Center Incorporated has recieved totaling $450,000.
| Awarding Organization | Amount |
|---|---|
Direct Relief Santa Barbara, CA PURPOSE: FUND FOR HEALTH EQUITY, LILLY HEALTH EQUITY | $250,000 |
The Golden L E A F Long-Term Economic Advancement Foundation In Rocky Mount, NC PURPOSE: SEE PART IV | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Albany Area Primary Health Care Inc Albany, GA | $32,305,953 | $59,137,540 |
Christ Community Health Services Inc Memphis, TN | $20,480,820 | $44,171,311 |
Goshen Medical Center Incorporated Faison, NC | $62,171,087 | $66,151,688 |
Eastern Shore Rural Health System Incorporated Onancock, VA | $50,328,522 | $38,285,000 |
Johnson Health Center Madison Heights, VA | $19,364,438 | $25,927,711 |
Sandhills Medical Foundation Inc Mcbee, SC | $25,797,005 | $24,928,733 |
Community Health Care Systems Inc Wrightsville, GA | $9,883,522 | $20,086,583 |
Georgia Mountains Health Services Inc Blue Ridge, GA | $7,941,618 | $11,399,715 |
Stedman-Wade Health Services Inc Wade, NC | $6,811,820 | $8,008,778 |
Horizon Health Services Inc Ivor, VA | $5,729,005 | $6,302,153 |
Citizens Of Lake County For Health Care Inc Tiptonville, TN | $4,586,332 | $4,366,342 |
First Choice Community Health Centers Lillington, NC | $11,711,010 | $3,348,843 |