First Health of the Carolinas Inc
84% goes to programs $0 to raise $100 Strong reserves Growing revenue
First Health of the Carolinas Inc is a 501(c)(3) organization based in Pinehurst, North Carolina, registered in 1995, with $1,190,859,343 in FY2023 revenue. CharityIndex grades it A, and it directs about 84% of spending to programs.
155 Memorial Dr, Pinehurst, NC, 28374 EIN 56-1936354 Since 1995
Revenue (FY2023)
$1.2B
▲ 1.8% vs prior year
Health median: $840K
Expenses (FY2023)
$1.1B
Net assets
$1.3B
Employees
7,101
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 rating84% 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 First Health of the Carolinas Inc: 84% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating14 mo reserves · +7% 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 First Health of the Carolinas Inc: 14 mo reserves · +7% 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 First Health of the Carolinas 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 First Health of the Carolinas Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To service the community's total health care needs.
Contact & location
- Address
- 155 Memorial Dr, Pinehurst, NC, 28374
- City
- Pinehurst
- State
- North Carolina
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $579.5M (FY2013) to $1.2B (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $373.9MNet assets $1.3B
Operating margin
6.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.7B
Total liabilities
$373.9M
Net assets
$1.3B
Salaries & benefits
$493.1M
44% of expenses
Board members
17
16 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $1,190,859,343▲1.8% | $1,108,631,197▲1.1% | $1,316,393,734▲16.8% | $1,690,324,903▲12.4% | 990 |
| 2022 | $1,170,036,773▲5.5% | $1,096,646,867▲10.9% | $1,127,215,199▲12.1% | $1,504,469,833▲7.8% | 990 |
| 2021 | $1,109,525,538▲12.5% | $988,613,047▲8.1% | $1,005,321,939▼7.8% | $1,395,879,633▼9.6% | 990 |
| 2020 | $986,400,718▲11.8% | $914,649,285▲10.4% | $1,090,015,584▲17.4% | $1,544,188,654▲11.1% | 990 |
| 2019 | $882,247,611▲2.1% | $828,668,245▲2.0% | $928,399,175▲13.0% | $1,389,893,768▲26.1% | 990 |
| 2018 | $863,866,293▲11.3% | $812,680,456▲10.0% | $821,729,312▲5.1% | $1,102,145,516▲4.4% | 990 |
| 2017 | $775,945,546▼2.7% | $738,562,528▲0.9% | $781,881,089▲5.0% | $1,055,888,192▲1.9% | 990 |
| 2016 | $797,440,537▲16.2% | $732,131,849▲19.7% | $744,981,400▲9.7% | $1,035,703,468▲5.7% | 990 |
| 2015 | $686,449,100▲5.0% | $611,420,556▼0.2% | $678,954,194▲9.8% | $979,690,001▲5.1% | 990 |
| 2014 | $653,619,052▲12.8% | $612,793,107▲14.2% | $618,472,301▼4.8% | $931,925,794▼3.7% | 990 |
| 2013 | $579,511,681 | $536,560,354▲1.6% | $649,443,186▲9.6% | $967,561,194▲6.1% | 990 |
| 2012 | — | $527,947,453▲6.9% | $592,763,214▲9.9% | $911,895,728▲5.1% | 990 |
| 2011 | — | $493,815,243▲6.8% | $539,351,459▲14.5% | $867,734,583▲7.4% | 990 |
| 2010 | — | $462,510,561▲2.7% | $470,907,155▲4.6% | $807,891,417▼0.1% | 990 |
| 2009 | — | $450,383,900 | $450,238,418 | $808,656,420 | 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: Mickey Foster — $1,570,478 (0.14% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Mickey Foster | President and Ceo | 50 | $1,570,478 |
| Mark Landers Md | Physician | 50 | $1,195,320 |
| Giridhar Chintalapudi Md | Physician | 50 | $859,656 |
| William Kitchens Md | Physician | 50 | $852,878 |
| William Harris Md | Physician | 50 | $846,404 |
| Peter Ellman Md | Physician | 50 | $826,870 |
| Jonathan Davis | Corp. Coo / President - Mrh | 50 | $822,774 |
| Daniel Barnes Do | President, Fhpg | 50 | $802,647 |
| Jeffrey Casey | Corporate Cfo | 50 | $713,120 |
| Jenifer Bruno Md | Corporate Cmo | 50 | $673,071 |
| Jacklynn Lesniak | V.p. - Mrh Patient Care Services | 50 | $521,328 |
| Berni Szczepanski | Chief People Officer | 50 | $501,624 |
| Amy Graham | V.p. - Strategy & Innovation | 50 | $491,214 |
| Chris Beasley | Corporate Cio | 50 | $449,165 |
| Cynthia Mcneill-mcdonald | Chief Quality Officer | 50 | $421,804 |
| Christopher Fraley | V.p - Corporate Finance | 50 | $421,134 |
| Susan Beaty | President - Eastern Region | 50 | $373,192 |
| Christy Land | President - Southern Region | 50 | $357,771 |
| Rebecca Carter | President - Western Region | 50 | $356,345 |
| Matthew Prestwood | V.p. - Mrh Operations | 50 | $327,679 |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Pinehurst Surgical Clinic | Physician Services | $26,678,116 |
| Pinehurst Medical Clinic | Medical Oncology - Physician Services | $25,878,662 |
| Mckesson Specialty Care Distribution | Medical Supplies, Pharmaceutical Distribution & Healthcare Technology | $21,951,970 |
| Qualivis LLC | Contract Healthcare Staffing Services | $16,713,027 |
| Southern Pines Women's Health Center | Physician Services | $11,372,803 |
Grants received · $1.3M total
22 grants to First Health of the Carolinas Inc totaling $1.3M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $6,000 |
| American Endowment Foundation | Health, general | 2022 | $128,500 |
| Foundation For the Carolinas | Charitable gift | 2022 | $25,000 |
| American Heart Association Inc | Blood pressure program | 2022 | $15,000 |
| American Endowment Foundation | Health, general | 2021 | $101,000 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Medical / public services | 2020 | $50,000 |
| Mayo Clinic | Support charitable programs | 2020 | $30,275 |
| Foundation For the Carolinas | Charitable gift | 2020 | $25,000 |
| American Endowment Foundation | Programs | 2020 | $21,000 |
| North Carolina Community Foundation Inc | Health | 2020 | $10,000 |
| Mayo Clinic | Support charitable programs | 2019 | $77,446 |
| Foundation For the Carolinas | Charitable gift | 2019 | $25,000 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Medical | 2019 | $10,000 |
| Foundation For the Carolinas | Charitable gift | 2018 | $525,000 |
| Mayo Clinic | Support charitable programs | 2018 | $52,106 |
Grants made · $356K in FY2023
25 grants totaling $356K in FY2023 — showing the 15 largest. All grants made by First Health of the Carolinas Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Moore Free and Charitable Clinic Inc | General support | $75,000 |
| Moore County | General support | $55,635 |
| Village of Pinehurst | General support | $27,480 |
| Richmond County | General support | $20,000 |
| Hoke County Sheriff's Department | General support | $12,268 |
| Boys and Girls Clubs of Central Carolina Inc | General support | $10,000 |
| United Way of Moore County Inc | General support | $10,000 |
| Moore County Schools | General support | $10,000 |
| Montgomery County Council On Aging Inc | General support | $10,000 |
| Montgomery Community College Foundation Inc | General support | $10,000 |
| Communities In Shools of Montgomery County | General support | $10,000 |
| Hoke County Schools | General support | $10,000 |
| North Carolina Community Foundation Inc | General support | $10,000 |
| Outreach Mission Inc | General support | $10,000 |
| Boys and Girls Club of the Sandhills Inc | General support | $10,000 |
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Frequently asked questions
- Is First Health of the Carolinas Inc a legitimate nonprofit?
- Yes. First Health of the Carolinas Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 56-1936354, based in Pinehurst, North Carolina. Donations are tax-deductible.
- What is First Health of the Carolinas Inc's EIN?
- First Health of the Carolinas Inc's Employer Identification Number (EIN) is 56-1936354.
- How much revenue does First Health of the Carolinas Inc report?
- First Health of the Carolinas Inc reported $1,190,859,343 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of First Health of the Carolinas Inc's spending goes to programs?
- First Health of the Carolinas Inc spends about 84% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does First Health of the Carolinas Inc have?
- CharityIndex grades First Health of the Carolinas Inc A, based on program efficiency and fundraising cost.
- How much does First Health of the Carolinas Inc's highest-paid employee make?
- The highest reported compensation on First Health of the Carolinas Inc's latest Form 990 is $1,570,478, paid to Mickey Foster (President and Ceo).
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Data for First Health of the Carolinas Inc (EIN 56-1936354) 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.