Mt Olive Family Medicine Center Inc
- Assets
- $5.2m
- Revenue
- $7.3m
- Investments
- $0.0
- Employees
- 55
- Location
- Mount Olive, NC
- Founding
- 05/1997
- Data as of
- 06/2022
- EIN
- 56-2000255
Organization Overview
Mt Olive Family Medicine Center Inc is located in Mount Olive, NC. The organization was established in 1997. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2022, Mt Olive Family Medicine Center Inc employed 55 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mt Olive Family Medicine Center 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 06/2022, Mt Olive Family Medicine Center Inc generated $7.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $6.0m during the year ending 06/2022. While expenses have increased by 5.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE MEDICAL CARE FOR ALL THOSE IN NEED REGARDLESS OF ABILITY TO PAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MT. OLIVE FAMILY MEDICINE CENTER, INC. IS DEDICATED TO THE HEALTH AND WELL-BEING OF THE RESIDENTS OF WAYNE COUNTY AND THE SURROUNDING AREAS. IT IS OUR GOAL TO IDENTIFY AND MINISTER TO THE MEDICAL NEEDS OF THE FAMILY UNIT - NOT ONLY TO PROVIDE QUALITY, COMPREHENSIVE MEDICAL CARE, BUT ALSO TO INSTITUTE HEALTH EDUCATION, URGENT CARE, WELLNESS AND PREVENTATIVE MEDICINE. ACCESSIBLE AND AFFORDABLE QUALITY HEALTH CARE WILL BE PROVIDED WITH DIGNITY AND RESPECT, REGARDLESS OF RACE, RELIGION, GENDER, AGE OR ECONOMIC BACKGROUND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert K Talton Medical Director | 40 | $468,598 | |
Thomas S Draughon Physician | 40 | $408,716 | |
Phillip W Moye Physician | 40 | $352,498 | |
Vincent P Wilson Physician | 40 | $285,998 | |
Lisa Hooks Ceo, CFO | Officer | 40 | $228,845 |
Peggie Parks Nurse Practioner | 40 | $143,980 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $990,530 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $990,530 |
| Total Program Service Revenue | $5,997,028 |
| Investment income | $713 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,770 |
| Net Gain/Loss on Asset Sales | -$12,497 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,282,813 |
| 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. | $732,897 |
| Compensation of current officers, directors, key employees. | $109,935 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,115,900 |
| Pension plan accruals and contributions | $108,110 |
| Other employee benefits | $452,130 |
| Payroll taxes | $238,551 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $186,648 |
| Advertising and promotion | $12,921 |
| Office expenses | $46,555 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $11,758 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $28,081 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $152,158 |
| Insurance | $40,641 |
| All other expenses | $84,132 |
| Total functional expenses | $6,013,343 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,969,291 |
| Savings and temporary cash investments | $162,520 |
| Pledges and grants receivable | $20,000 |
| Accounts receivable, net | $433,504 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,630,241 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $33,755 |
| Total assets | $5,249,311 |
| Accounts payable and accrued expenses | $727,131 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,354,246 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,081,377 |
| Net assets without donor restrictions | $3,167,934 |
| 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 | $5,249,311 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mt Olive Family Medicine Center Inc has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
The Golden L E A F Long-Term Economic Advancement Foundation In Rocky Mount, NC PURPOSE: SEE PART IV | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tanner Medical Center Alabama Inc Carrollton, GA | $31,437,988 | $12,456,019 |
Phoebe Worth Medical Center Inc Sylvester, GA | $18,817,624 | $19,090,060 |
Self Regional Healthcare Partners Greenwood, SC | $6,767,616 | $20,407,517 |
Virginia Hospital And Healthcare Association Richmond, VA | $19,880,672 | $18,293,974 |
Evans Memorial Hospital Inc Claxton, GA | $10,562,420 | $21,262,869 |
Regional Firstcare Inc Athens, GA | $5,793,232 | $17,787,266 |
Jasper Health Services Inc Monticello, GA | $12,062,395 | $19,352,667 |
Mercy Health Services Inc Franklin, TN | $12,768,568 | $16,512,853 |
Good Samaritan Hospice Inc Roanoke, VA | $13,418,274 | $13,966,596 |
Ncha Inc Cary, NC | $22,806,919 | $11,201,093 |
Dickenson Community Hospital Inc Johnson City, TN | $6,405,043 | $7,649,645 |
Hospital For Extended Recovery Norfolk, VA | $9,743,183 | $9,382,345 |