Fletcher Hospital Inc
91% goes to programs $0 to raise $100 Strong reserves Growing revenue
Fletcher Hospital Inc is a 501(c)(3) organization based in Hendersonvlle, North Carolina, registered in 1953, with $332,217,579 in FY2024 revenue. CharityIndex grades it A, and it directs about 91% of spending to programs.
100 Hospital Dr, Hendersonvlle, NC, 28792 EIN 56-0543246 Since 1953
Revenue (FY2024)
$332.2M
▲ 14.7% vs prior year
Health median: $840K
Expenses (FY2024)
$304.6M
Net assets
$247.3M
Employees
2,185
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating91% 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 Fletcher Hospital Inc: 91% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating10 mo reserves · +8% 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 Fletcher Hospital Inc: 10 mo reserves · +8% 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 Fletcher Hospital Inc: 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 Fletcher Hospital Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
The provision of medical care to the community through the operation of two hospitals.
Contact & location
- Address
- 100 Hospital Dr, Hendersonvlle, NC, 28792
- City
- Hendersonvlle
- State
- North Carolina
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $146.0M (FY2013) to $332.2M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $83.4MNet assets $247.3M
Operating margin
8.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$330.7M
Total liabilities
$83.4M
Net assets
$247.3M
Salaries & benefits
$148.1M
49% of expenses
Board members
13
5 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $332,217,579▲14.7% | $304,582,621▲14.5% | $247,313,537▲12.3% | $330,684,738▲17.3% | 990 |
| 2023 | $289,729,001▲21.8% | $265,953,729▲12.2% | $220,240,685▲15.3% | $281,913,818▲11.9% | 990 |
| 2022 | $237,882,965▼9.8% | $237,005,287▼2.1% | $191,028,770▼13.3% | $251,870,727▼18.6% | 990 |
| 2021 | $263,584,919▲10.4% | $242,095,833▲15.5% | $220,288,483▲9.4% | $309,247,463▲7.4% | 990 |
| 2020 | $238,689,375▲7.1% | $209,675,414▲7.3% | $201,414,235▲18.1% | $288,014,341▲22.2% | 990 |
| 2019 | $222,805,056▲13.2% | $195,371,718▲7.7% | $170,473,947▲24.7% | $235,768,500▲27.1% | 990 |
| 2018 | $196,768,066▲8.8% | $181,444,738▲9.4% | $136,698,618▲8.1% | $185,551,560▲5.1% | 990 |
| 2017 | $180,899,382▲11.8% | $165,783,149▲7.3% | $126,418,920▲15.1% | $176,611,510▲14.2% | 990 |
| 2016 | $161,843,504▼3.7% | $154,524,197▼1.8% | $109,877,764▲7.7% | $154,707,799▲14.6% | 990 |
| 2015 | $168,131,872▲3.1% | $157,381,005▲5.3% | $102,004,874▲0.5% | $135,052,622▲1.2% | 990 |
| 2014 | $163,041,948▲11.7% | $149,504,311▲7.4% | $101,528,321▲14.9% | $133,400,747▲12.1% | 990 |
| 2013 | $146,015,049 | $139,195,068▲13.5% | $88,395,403▲9.6% | $118,990,098▲4.4% | 990 |
| 2012 | — | $122,674,767▲4.2% | $80,646,983▲7.8% | $113,981,584▲6.5% | 990 |
| 2011 | — | $117,767,778▲2.3% | $74,800,319▲2.0% | $107,003,992▲2.0% | 990 |
| 2010 | — | $115,080,127 | $73,343,611 | $104,921,693 | 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 (FY2024)
Highest-paid: Dimitrova Md Gergana — $721,676 (0.24% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Dimitrova Md Gergana | Physician - Md (psychiatry) | 39.6 | $721,676 |
| Stalford Md Michael | Physician - Md (otorhinolaryngeology) | 43.2 | $640,220 |
| Heaberlin Do Jennifer L | Physician - Do (oncology Hematology) | 36 | $553,211 |
| Balcells Md Eduardo | Physician - Md (cardiology Invasive) | 36 | $536,375 |
| Thompson Mddouglas | Physician - Md (oncology/hematology) | 38.7 | $528,448 |
| Coston Do Jeffrey | Director | 40.3 | $440,253 |
| Garris Md Jeffrey | Director | 49.6 | $387,901 |
| Sommerville Md Lewis Court | Director (beg 01/2024) | 1 | $10,257 |
| Blakely Mayor Preston | Director (beg 08/2024) | 0.3 | $465 |
| Griffin Lowell | Director | 0.3 | $465 |
| Hamilton Tristan | Director | 0.3 | $465 |
| Holbert Sherri | Director (beg 08/2024) | 0.3 | $465 |
| Louis Leslie | Director | 0.3 | $465 |
| Nabers Waggoner Fair | Director | 0.3 | $465 |
| Banks David | Director | 0.3 | — |
| Burroughs Steven | Cfo | 50 | — |
| Dixon Md Byron | Cmo (beg 01/2024) | 50 | — |
| Dzialo Maureen | Cno | 50 | — |
| Guyton Alan | Director/cfo Se Region | 12.5 | — |
| Herbert Md Teresa | Former Cmo | 0 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Pt Solutions Holdings LLC | Physical Therapy Services | $9,947,934 |
| Cooper Construction Company Inc | Construction Services | $5,149,507 |
| Ob Hospitalists Group LLC | Hospitalist Services | $1,712,682 |
| Amn Healthcare Services Inc | Agency Fees | $1,275,385 |
| Vannoy Construction | Construction Services | $1,211,616 |
Grants received · $326K total
5 grants to Fletcher Hospital Inc totaling $326K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Adventist Health System Sunbelt Healthcare Corporation | General support | 2024 | $24,146 |
| The Community Foundation of Western North Carolina Inc | Promoting quality health | 2024 | $23,000 |
| Patient Access Network Foundation | Patient assistance | 2015 | $119,173 |
| Patient Access Network Foundation | Patient assistance | 2015 | $119,173 |
| Patient Access Network Foundation | Patient assistance | 2014 | $40,476 |
Grants made · $504K in FY2024
18 grants totaling $504K in FY2024 — showing the 15 largest. All grants made by Fletcher Hospital Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Adventhealth Foundation Inc | Provision of general administrative support | $253,326 |
| Asheville Area Chamber of Commerce Inc | General support | $38,500 |
| Fletcher Seventh-day Adventist Church | General support | $25,000 |
| Henderson County Education Foundation Inc | General support | $22,597 |
| Fletcher Academy Inc | General support | $20,000 |
| Safelight Inc | General support | $17,000 |
| Hope Coalition Corp | General support | $15,000 |
| Western Carolina Rescue Ministries Inc | General support | $15,000 |
| Unbroken Spirit | General support | $15,000 |
| Chamber of Commerce Greater Hendersonville | General support | $13,152 |
| Mountain Area Pregnancy Services | General support | $10,000 |
| Henderson County United Way Inc | General support | $10,000 |
| Crossnore Communities For Children | General support | $10,000 |
| Asheville-buncombe Technical Community College Foundation Inc | General support | $10,000 |
| St Gerard House | General support | $10,000 |
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Compare Fletcher Hospital Inc
Frequently asked questions
- Is Fletcher Hospital Inc a legitimate nonprofit?
- Yes. Fletcher Hospital Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 56-0543246, based in Hendersonvlle, North Carolina. Donations are tax-deductible.
- What is Fletcher Hospital Inc's EIN?
- Fletcher Hospital Inc's Employer Identification Number (EIN) is 56-0543246.
- How much revenue does Fletcher Hospital Inc report?
- Fletcher Hospital Inc reported $332,217,579 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Fletcher Hospital Inc's spending goes to programs?
- Fletcher Hospital Inc spends about 91% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Fletcher Hospital Inc have?
- CharityIndex grades Fletcher Hospital Inc A, based on program efficiency and fundraising cost.
- How much does Fletcher Hospital Inc's highest-paid employee make?
- The highest reported compensation on Fletcher Hospital Inc's latest Form 990 is $721,676, paid to Dimitrova Md Gergana (Physician - Md (psychiatry)).
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Data for Fletcher Hospital Inc (EIN 56-0543246) 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.