Blue Ridge Healthcare Medical Group Inc
88% goes to programs $0 to raise $100 Thin reserves Growing revenue
Blue Ridge Healthcare Medical Group Inc is a 501(c)(3) organization based in Morganton, North Carolina, registered in 2008, with $64,506,478 in FY2023 revenue. CharityIndex grades it C, and it directs about 88% of spending to programs.
350 E Parker Rd Ste 102, Morganton, NC, 28655 EIN 02-0777195 Since 2008
Revenue (FY2023)
$64.5M
▲ 19.2% vs prior year
Health median: $840K
Expenses (FY2023)
$84.5M
Net assets
-$157.3M
Employees
184
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
C+Program efficiency40% of the rating88% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Blue Ridge Healthcare Medical Group Inc: 88% to programs · $0 to raise $100 earns a C+ on this criterion. See the exact thresholds →
FFinancial health25% of the rating0 mo reserves · -31% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Blue Ridge Healthcare Medical Group Inc: 0 mo reserves · -31% margin earns a F on this criterion. See the exact thresholds →
BGovernance25% of the rating4 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Blue Ridge Healthcare Medical Group Inc: 4 of 6 checks met earns a B on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Blue Ridge Healthcare Medical Group Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
To provide medical care and to promote the general health of the community.
Contact & location
- Address
- 350 E Parker Rd Ste 102, Morganton, NC, 28655
- City
- Morganton
- State
- North Carolina
- Category
- Health Care
- Subcategory
- Health Support Services
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $31.8M (FY2013) to $64.5M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $178.4MNet assets -$157.3M
Operating margin
-31.0%
Spent more than it raised in the latest fiscal year.
Total assets
$21.1M
Total liabilities
$178.4M
Net assets
-$157.3M
Salaries & benefits
$65.3M
77% of expenses
Board members
3
1 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $64,506,478▲19.2% | $84,494,057▲14.5% | -$157,290,303▼14.6% | $21,103,741▲2.3% | 990 |
| 2022 | $54,094,375▼12.9% | $73,802,587▲10.6% | -$137,302,724▼24.5% | $20,635,926▼30.1% | 990 |
| 2021 | $62,090,684▲28.7% | $66,755,095▲8.4% | -$110,245,801▼4.4% | $29,518,541▲1.0% | 990 |
| 2020 | $48,237,838▼3.8% | $61,596,157▼3.2% | -$105,581,390▼14.5% | $29,221,973▲39.8% | 990 |
| 2019 | $50,145,482▲11.1% | $63,643,809▲2.8% | -$92,223,071▼17.1% | $20,900,287▼3.1% | 990 |
| 2018 | $45,133,339▲0.2% | $61,905,118▲2.9% | -$78,724,744▼27.1% | $21,579,707▲7.7% | 990 |
| 2017 | $45,027,019▲13.9% | $60,173,546▲11.5% | -$61,952,965▼32.4% | $20,035,306▼7.2% | 990 |
| 2016 | $39,549,388▲4.0% | $53,978,458▲1.8% | -$46,806,438▼44.6% | $21,596,562▼3.6% | 990 |
| 2015 | $38,035,672▲5.3% | $53,042,072▲11.9% | -$32,377,368▼86.4% | $22,405,286▲3.5% | 990 |
| 2014 | $36,120,299▲13.5% | $47,393,651▲12.7% | -$17,370,967▼185% | $21,651,630▲86.6% | 990 |
| 2013 | $31,817,414 | $42,042,586▲2.6% | -$6,097,615▼248% | $11,602,222▼50.8% | 990 |
| 2012 | — | $40,964,387▲11.3% | $4,127,557▼6.6% | $23,579,095▲9.7% | 990 |
| 2011 | — | $36,806,230▲24.4% | $4,419,401▲201% | $21,499,700▲89.3% | 990 |
| 2010 | — | $29,591,402 | $1,468,383 | $11,357,611 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Kadry Allaboun — $1,202,140 (1.42% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Kadry Allaboun | Medical Staff | 50 | $1,202,140 |
| Gerald Mank | Medical Staff | 50 | $1,057,157 |
| Steven Isserman | Medical Staff | 50 | $926,995 |
| Michael Smith | Medical Staff | 50 | $845,896 |
| Grady Shue | Medical Staff | 50 | $793,598 |
| Gandhari Loomis | Secretary | 48 | $321,074 |
| Kathy Bailey | President & Ceo | 4 | — |
| Kevin Baxter | Treasurer | 1 | — |
| Patricia Moll | Cfo | 4 | — |
Similar organizations in Health
Health
Goshen Medical Center Incorporated
Faison, NC
$66.0M
Aannual revenue
- Health
Rural Health Group Inc
Roanoke Rapid, NC
$62.7M
B+annual revenue
Health
Unc Rockingham Health Care Inc
Eden, NC
$66.5M
C+annual revenue
- Health
Associated Health Services Inc
Durham, NC
$69.0M
Aannual revenue
- Health
Murphy Medical Center Inc
Murphy, NC
$70.2M
B+annual revenue
Health
Ashe Memorial Hospital Inc
Jefferson, NC
$54.1M
Bannual revenue
Health
Moses H Cone Memorial Hospital
Greensboro, NC
$53.7M
Aannual revenue
Health
St Lukes Hospital Inc
Columbus, NC
$50.4M
Bannual revenue
Health
Home Health and Hospice Care Inc
Goldsboro, NC
$49.4M
Bannual revenue
Health
North Carolina Medical Society Employee Benefit Trust
Raleigh, NC
$47.8M
Bannual revenue
Compare Blue Ridge Healthcare Medical Group Inc
Frequently asked questions
- Is Blue Ridge Healthcare Medical Group Inc a legitimate nonprofit?
- Yes. Blue Ridge Healthcare Medical Group Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 02-0777195, based in Morganton, North Carolina. Donations are tax-deductible.
- What is Blue Ridge Healthcare Medical Group Inc's EIN?
- Blue Ridge Healthcare Medical Group Inc's Employer Identification Number (EIN) is 02-0777195.
- How much revenue does Blue Ridge Healthcare Medical Group Inc report?
- Blue Ridge Healthcare Medical Group Inc reported $64,506,478 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Blue Ridge Healthcare Medical Group Inc's spending goes to programs?
- Blue Ridge Healthcare Medical Group Inc spends about 88% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Blue Ridge Healthcare Medical Group Inc have?
- CharityIndex grades Blue Ridge Healthcare Medical Group Inc C, based on program efficiency and fundraising cost.
- How much does Blue Ridge Healthcare Medical Group Inc's highest-paid employee make?
- The highest reported compensation on Blue Ridge Healthcare Medical Group Inc's latest Form 990 is $1,202,140, paid to Kadry Allaboun (Medical Staff).
More nonprofits in Morganton
Explore more
Data for Blue Ridge Healthcare Medical Group Inc (EIN 02-0777195) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.