Caldwell Memorial Hospital Inc
88% goes to programs $0 to raise $100 Growing revenue
Caldwell Memorial Hospital Inc is a 501(c)(3) organization based in Lenoir, North Carolina, registered in 1952, with $207,478,072 in FY2023 revenue. CharityIndex grades it A, and it directs about 88% of spending to programs.
321 Mulberry St Sw, Lenoir, NC, 28645 EIN 56-0554202 Since 1952
Revenue (FY2023)
$207.5M
▲ 8.1% vs prior year
Health median: $840K
Expenses (FY2023)
$205.2M
Net assets
$79.9M
Employees
1,088
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram 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 Caldwell Memorial Hospital Inc: 88% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating5 mo reserves · +1% 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 Caldwell Memorial Hospital Inc: 5 mo reserves · +1% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 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 Caldwell Memorial Hospital Inc: 6 of 6 checks met earns a A+ 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 Caldwell Memorial Hospital Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To provide safe, effective, compassionate care and to promote healthy lifestyles to our community.
Contact & location
- Address
- 321 Mulberry St Sw, Lenoir, NC, 28645
- City
- Lenoir
- State
- North Carolina
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $125.2M (FY2014) to $207.5M (FY2023) across 10 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $59.8MNet assets $79.9M
Operating margin
1.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$139.8M
Total liabilities
$59.8M
Net assets
$79.9M
Salaries & benefits
$98.5M
48% of expenses
Board members
15
12 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $207,478,072▲8.1% | $205,173,632▲8.6% | $79,913,438▲3.0% | $139,752,021▲13.4% | 990 |
| 2022 | $191,991,776▲7.1% | $188,862,859▲7.4% | $77,608,998▲4.2% | $123,292,390▲0.5% | 990 |
| 2021 | $179,319,128▲10.8% | $175,875,589▲11.0% | $74,480,081▲4.4% | $122,705,147▲15.8% | 990 |
| 2020 | $161,780,892▲15.0% | $158,420,390▲11.7% | $71,367,602▲4.9% | $105,948,361▼0.2% | 990 |
| 2019 | $140,717,562▼8.7% | $141,876,755▼0.3% | $68,007,100▼1.7% | $106,154,351▲8.5% | 990 |
| 2018 | $154,045,029▲17.1% | $142,352,067▲16.9% | $69,166,293▲20.3% | $97,819,298▲13.2% | 990 |
| 2017 | $131,603,356▲1.1% | $121,756,911▲0.3% | $57,473,331▲20.7% | $86,425,728▲7.0% | 990 |
| 2016 | $130,168,973▲2.5% | $121,385,646▼0.5% | $47,626,886▲22.6% | $80,768,196▲12.7% | 990 |
| 2015 | $126,983,926▲1.4% | $121,964,682▼1.0% | $38,843,559▲12.9% | $71,662,461▲20.8% | 990 |
| 2014 | $125,173,080 | $123,203,001▲5.7% | $34,396,394▼3.4% | $59,327,623▼2.0% | 990 |
| 2012 | — | $116,596,869▲6.4% | $35,620,446▲8.1% | $60,534,899▲8.4% | 990 |
| 2011 | — | $109,594,892▲11.5% | $32,946,179▲10.1% | $55,838,070▲15.3% | 990 |
| 2010 | — | $98,255,613 | $29,936,254▼12.9% | $48,429,934▼3.5% | 990 |
| 2009 | — | $98,294,718 | $34,361,045 | $50,209,672 | 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: James Hathorn — $1,304,786 (0.64% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| James Hathorn | Medical Practice Physician | 60 | $1,304,786 |
| Randal Bast | Medical Practice Physician | 60 | $637,131 |
| Jeeshan Faridi | Medical Practice Physician | 60 | $537,570 |
| Laura J Easton | President & Ceo (thru 12/2023) | 60 | $441,487 |
| David A Lowry Md | President & Ceo (as of 1/2024) | 60 | $425,623 |
| Mark Brady | Medical Practice Physician | 60 | $386,610 |
| Keith Sharpton | Medical Practice Physician | 60 | $345,269 |
| Sarah W Young Md | Cmo (as of 4/2024) | 60 | $309,108 |
| Donita M Damron | Vp Physician Svcs(thru 5/2024) | 60 | $210,939 |
| Allison L Charles | Vp Physician Services | 60 | $210,494 |
| Jerrell E Suddreth | Cno | 60 | $197,831 |
| Heather P Foss | Coo | 60 | $186,485 |
| Rebecca T Smith | Coo | 60 | $60,350 |
| Alan Stiles | Director | 2 | — |
| Bob Floyd | Director | 2 | — |
| David Smith | Director/chairman | 4 | — |
| Diana Mcclinton Md | Director | 2 | — |
| Douglas Johnson | Director | 2 | — |
| Janet Aiken | Director | 2 | — |
| Jeffrey Keverline Md | Director (thru 12/2023) | 2 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Mountain Emergency Physicians | Physician Services | $3,076,229 |
| Enduracare Acute Care Services | Therapy Program Mgmt | $1,965,813 |
| Keach Construction Inc | Construction | $1,822,223 |
| David E Looper Company Inc | Construction | $1,564,882 |
| Cpl Architects Engineers Landscape | Architectural | $1,336,270 |
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Compare Caldwell Memorial Hospital Inc
Frequently asked questions
- Is Caldwell Memorial Hospital Inc a legitimate nonprofit?
- Yes. Caldwell Memorial Hospital Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 56-0554202, based in Lenoir, North Carolina. Donations are tax-deductible.
- What is Caldwell Memorial Hospital Inc's EIN?
- Caldwell Memorial Hospital Inc's Employer Identification Number (EIN) is 56-0554202.
- How much revenue does Caldwell Memorial Hospital Inc report?
- Caldwell Memorial Hospital Inc reported $207,478,072 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Caldwell Memorial Hospital Inc's spending goes to programs?
- Caldwell Memorial Hospital Inc spends about 88% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Caldwell Memorial Hospital Inc have?
- CharityIndex grades Caldwell Memorial Hospital Inc A, based on program efficiency and fundraising cost.
- How much does Caldwell Memorial Hospital Inc's highest-paid employee make?
- The highest reported compensation on Caldwell Memorial Hospital Inc's latest Form 990 is $1,304,786, paid to James Hathorn (Medical Practice Physician).
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Data for Caldwell Memorial Hospital Inc (EIN 56-0554202) 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.