Carilion Franklin Memorial Hospital
83% goes to programs $0 to raise $100 Growing revenue
Carilion Franklin Memorial Hospital is a 501(c)(3) organization based in Roanoke, Virginia, registered in 1956, with $97,004,107 in FY2023 revenue. CharityIndex grades it A, and it directs about 83% of spending to programs.
Po Box 12385, Roanoke, VA, 24025 EIN 54-0480606 Since 1956
Revenue (FY2023)
$97.0M
▲ 17.9% vs prior year
Health median: $840K
Expenses (FY2023)
$80.4M
Net assets
$36.4M
Employees
624
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 rating83% 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 Carilion Franklin Memorial Hospital: 83% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating5 mo reserves · +17% 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 Carilion Franklin Memorial Hospital: 5 mo reserves · +17% margin earns a A on this criterion. See the exact thresholds →
AGovernance25% of the rating5 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 Carilion Franklin Memorial Hospital: 5 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 Carilion Franklin Memorial Hospital: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Our mission is to improve the health of the communities we serve through our commitment to a common purpose of better patient care, better community health, and lower cost.
Contact & location
- Address
- Po Box 12385, Roanoke, VA, 24025
- City
- Roanoke
- State
- Virginia
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $41.4M (FY2013) to $97.0M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $20.0MNet assets $36.4M
Operating margin
17.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$56.4M
Total liabilities
$20.0M
Net assets
$36.4M
Salaries & benefits
$29.6M
37% of expenses
Board members
11
5 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $97,004,107▲17.9% | $80,444,451▲10.9% | $36,377,875▲7.2% | $56,375,322▲7.2% | 990 |
| 2022 | $82,260,724▲17.5% | $72,525,268▲8.4% | $33,936,799▲41.2% | $52,574,219▲15.1% | 990 |
| 2021 | $70,034,301▲13.1% | $66,879,616▲18.5% | $24,035,857▲125% | $45,660,792▲12.4% | 990 |
| 2020 | $61,896,719▲15.8% | $56,430,791▲15.9% | $10,705,032▲7033% | $40,621,973▲18.0% | 990 |
| 2019 | $53,453,560▲1.8% | $48,686,012▲2.4% | -$154,418▲95.9% | $34,418,043▲22.9% | 990 |
| 2018 | $52,532,680▲8.1% | $47,558,836▲1.7% | -$3,805,246▼2446% | $28,015,851▲34.1% | 990 |
| 2017 | $48,613,274▲10.3% | $46,770,114▲7.0% | $162,185▲103% | $20,888,634▲8.1% | 990 |
| 2016 | $44,055,394▲4.1% | $43,702,125▲6.7% | -$5,138,290▲23.7% | $19,316,349▼4.3% | 990 |
| 2015 | $42,332,891▼0.3% | $40,975,857▲2.8% | -$6,733,550▼59.3% | $20,188,054▼0.6% | 990 |
| 2014 | $42,442,978▲2.6% | $39,878,328▲0.7% | -$4,226,330▲21.0% | $20,317,639▲5.4% | 990 |
| 2013 | $41,383,361 | $39,583,551▲3.0% | -$5,347,889▼79.0% | $19,275,815▲23.5% | 990 |
| 2012 | — | $38,440,295▲3.7% | -$2,988,368▲51.0% | $15,604,471▼12.2% | 990 |
| 2011 | — | $37,079,565▼2.8% | -$6,098,968▼23.2% | $17,779,880▲9.4% | 990 |
| 2010 | — | $38,163,121▼4.4% | -$4,950,156▼1096% | $16,246,347▼14.6% | 990 |
| 2009 | — | $39,924,968 | -$413,927 | $19,013,083 | 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: Carl Cline Jr — $223,091 (0.28% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Carl Cline Jr | Dir./sec./treas./hospital Vp | 50 | $223,091 |
| Lori Mcclure | Pharmacy Manager | 40 | $182,957 |
| Shirley Landon-king | Occupational Therapist | 39 | $140,196 |
| Tracy Mccown | Nursing Director | 40 | $135,180 |
| Donn Bergman | Physical Therapist | 40 | $133,731 |
| Kristin Brandenberger | Pharmacist | 49.5 | $122,228 |
| Barbara Jackman | Director | 1.2 | — |
| Dave Peters | Director | 1.2 | — |
| David Hagadorn | Former Officer | 0 | — |
| Donald Halliwill | Asst. Treasurer | 0.5 | — |
| G Robert Vaughan Jr | Asst. Treasurer | 0.5 | — |
| J Harrison Lapuasa | Asst. Treasurer | 0.5 | — |
| Julie Smith-hamilton | Asst. Secretary | 0.5 | — |
| Katherine Goff Phd | Director | 1.2 | — |
| Nicholas Conte | Asst. Secretary | 1 | — |
| Sarah Stubbs Md | Director | 1.2 | — |
| Shannon Moore | Director | 1.2 | — |
| Stephanie Lareau Md | Director | 1.2 | — |
| Steven Arner | Director/coo, Carilion Clinic | 2 | — |
| Victoria Gardner | Director/vice Chair | 1.2 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Skanska USA Building Inc | Construction Services | $3,542,175 |
| Quest Diagnostics | Laboratory Services | $2,250,722 |
| Qualivis LLC | Temporary Staffing | $1,920,465 |
| F & S Building Innovations Inc | Contractor Services | $656,767 |
| Avant Healthcare Professionals | Temporary Staffing | $298,672 |
Grants made · $34K in FY2023
4 grants totaling $34K in FY2023. All grants made by Carilion Franklin Memorial Hospital →
| Recipient | Purpose | Amount |
|---|---|---|
| Free Clinic of Franklin County Inc | Primary care access | $15,000 |
| Stepping Stone Mission of Franklin County | Nutritionally dense meals | $7,000 |
| Childrens Advocacy Programs of the Blue Ridge Inc | Trauma focused support | $6,000 |
| Healing Strides of Va | Family emotional expression | $6,000 |
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Frequently asked questions
- Is Carilion Franklin Memorial Hospital a legitimate nonprofit?
- Yes. Carilion Franklin Memorial Hospital is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 54-0480606, based in Roanoke, Virginia. Donations are tax-deductible.
- What is Carilion Franklin Memorial Hospital's EIN?
- Carilion Franklin Memorial Hospital's Employer Identification Number (EIN) is 54-0480606.
- How much revenue does Carilion Franklin Memorial Hospital report?
- Carilion Franklin Memorial Hospital reported $97,004,107 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Carilion Franklin Memorial Hospital's spending goes to programs?
- Carilion Franklin Memorial Hospital spends about 83% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Carilion Franklin Memorial Hospital have?
- CharityIndex grades Carilion Franklin Memorial Hospital A, based on program efficiency and fundraising cost.
- How much does Carilion Franklin Memorial Hospital's highest-paid employee make?
- The highest reported compensation on Carilion Franklin Memorial Hospital's latest Form 990 is $223,091, paid to Carl Cline Jr (Dir./sec./treas./hospital Vp).
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Data for Carilion Franklin Memorial Hospital (EIN 54-0480606) 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.