Carolina Healthcare Associates Inc
- Assets
- $39.3m
- Revenue
- $17.8m
- Investments
- $0.0
- Employees
- 960
- Location
- Wilmington, NC
- Founding
- 02/2000
- Data as of
- 12/2021
- EIN
- 56-2049697
Organization Overview
Carolina Healthcare Associates Inc, operating under the name NHRMC Physicians Group, is located in Wilmington, NC. The organization was established in 2000. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 12/2021, NHRMC Physicians Group employed 960 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. NHRMC Physicians Group 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, NHRMC Physicians Group generated $17.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (28.9%) each year. All expenses for the organization totaled $17.8m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (28.4%) per year over the past 7 years. 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
CAROLINA HEALTHCARE ASSOCIATES, INC. (CHA INC) WAS ESTABLISHED TO PROVIDE AFFORDABLE HEALTHCARE SERVICES TO THE RESIDENTS OF NEW HANOVER COUNTY AND SURROUNDING AREAS. CAROLINA HEALTHCARE ASSOCIATES CONSISTS OF ONCOLOGISTS, NURSE PRACTITIONERS, NEUROLOGISTS, CARDIOLOGISTS, UROLOGISTS, PSYCHIATRISTS, GASTROENTEROLOGISTS, FAMILY MEDICINE, INTERNAL MEDICINE, URGENT CARE, PRIMARY CARE, PEDIATRIC SURGEONS AND ORAL MAXILLOFACIAL SURGEONS. AS OF 02/01/2021, CHA INC BECAME AN INTEGRAL PART OF THE NOVANT HEALTH SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTHCARE SERVICES TO THE RESIDENTS OF NEW HANOVER COUNTY AND THE SURROUNDING AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael S Jaskolka Physician | 40 | $981,139 | |
Nasar Siddiqi Physician | 40 | $612,044 | |
Elizabeth Acquista Physician | 40 | $610,798 | |
Brian J Gilmore Physician | 40 | $540,101 | |
William W Hope Physician | 40 | $534,112 | |
Terence S Mcdowell Former Key Employee | 40 | $303,818 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fentriss R Watts Medical Services | 12/30/21 | $525,778 |
Wilmington Health Pllc Medical And Healthcare | 12/30/21 | $120,995 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $179,954 |
| 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 | $179,954 |
| Total Program Service Revenue | $1,499,372 |
| Investment income | $0 |
| 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 | $17,817,277 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,890,899 |
| Pension plan accruals and contributions | $438,495 |
| Other employee benefits | $1,919,477 |
| Payroll taxes | $842,856 |
| 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 | $1,137,262 |
| Advertising and promotion | $2,544 |
| Office expenses | $871 |
| Information technology | $276,157 |
| Royalties | $0 |
| Occupancy | $812 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $58,954 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,615 |
| Insurance | $47,561 |
| All other expenses | $113,181 |
| Total functional expenses | $17,812,842 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,954,484 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $113,097 |
| Accounts receivable, net | $10,485,236 |
| 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 | $20,253 |
| Net Land, buildings, and equipment | $669,029 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,053,452 |
| Total assets | $39,295,551 |
| Accounts payable and accrued expenses | $3,992,082 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,945,672 |
| Total liabilities | $15,937,754 |
| Net assets without donor restrictions | $23,357,797 |
| 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 | $39,295,551 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Carolina Healthcare Associates Inc has recieved totaling $5,731.
| Awarding Organization | Amount |
|---|---|
New Hanover Regional Medical Center Foundation Inc Wilmington, NC PURPOSE: SUPPORT PROVIDING HEALTHCARE SERVICES TO THE RESIDENTS OF NEW HANOVER COUNTY AND THE SURROUNDING AREA. | $5,731 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Childrens Healthcare Of Atlanta Inc Atlanta, GA | $8,642,131,252 | $273,611,530 |
Riverside Healthcare Association Inc Newport News, VA | $660,049,352 | $36,592,083 |
Phoebe Putney Health Systems Inc Albany, GA | $658,120,525 | $73,745,193 |
Wakemed Raleigh, NC | $319,222,964 | $30,125,616 |
North Carolina Community Health Center Association Raleigh, NC | $3,052,612 | $26,747,196 |
Associated Health Services Inc Durham, NC | $37,513,623 | $28,247,702 |
Southeast Regional Primary Care Corporation Vidalia, GA | $284,890 | $12,032,928 |
Nea Baptist Health System Inc Memphis, TN | $0 | $22,003,068 |
Greene County Health Care Incorporated Snow Hill, NC | $16,532,428 | $23,396,721 |
Hamilton Health Care System Inc Dalton, GA | $145,238,251 | $25,063,501 |
Carolina Healthcare Associates Inc Wilmington, NC | $39,295,551 | $17,817,277 |
Appalachian Mountain Community He Asheville, NC | $14,237,249 | $21,637,722 |