Gaston Memorial Hospital Inc
93% goes to programs $0 to raise $100 Strong reserves Growing revenue
Gaston Memorial Hospital Inc is a 501(c)(3) organization based in Gastonia, North Carolina, registered in 1949, with $790,891,234 in FY2023 revenue. CharityIndex grades it A+, and it directs about 93% of spending to programs.
2525 Court Dr, Gastonia, NC, 28054 EIN 56-0619359 Since 1949
Revenue (FY2023)
$790.9M
▲ 11.4% vs prior year
Health median: $840K
Expenses (FY2023)
$700.8M
Net assets
$452.6M
Employees
4,461
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 rating93% 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 Gaston Memorial Hospital Inc: 93% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating8 mo reserves · +11% 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 Gaston Memorial Hospital Inc: 8 mo reserves · +11% 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 Gaston 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 Gaston 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 compassionate, exceptional, and highly reliable care.
Contact & location
- Address
- 2525 Court Dr, Gastonia, NC, 28054
- City
- Gastonia
- State
- North Carolina
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $423.9M (FY2013) to $790.9M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $442.5MNet assets $452.6M
Operating margin
11.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$895.1M
Total liabilities
$442.5M
Net assets
$452.6M
Salaries & benefits
$320.8M
46% of expenses
Board members
14
10 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $790,891,234▲11.4% | $700,788,807▲7.7% | $452,613,809▲14.7% | $895,064,025▲6.8% | 990 |
| 2022 | $709,858,408▲3.0% | $650,792,303▲3.0% | $394,460,841▲76.0% | $838,442,096▲14.7% | 990 |
| 2021 | $689,404,813▲3.7% | $631,933,737▲12.1% | $224,133,214▲68.1% | $730,850,666▲16.4% | 990 |
| 2020 | $665,062,443▲14.0% | $563,859,749▲7.1% | $133,318,845▲27.5% | $627,844,903▲42.0% | 990 |
| 2019 | $583,498,888▲6.7% | $526,498,049▲6.2% | $104,576,894▼21.9% | $442,215,147▲0.3% | 990 |
| 2018 | $547,007,582▲6.5% | $495,939,580▲5.4% | $133,868,361▲2.3% | $440,718,400▲1.0% | 990 |
| 2017 | $513,497,423▲6.1% | $470,373,377▲4.4% | $130,825,335▲18.6% | $436,498,125▲2.5% | 990 |
| 2016 | $483,847,931▲4.0% | $450,598,967▲3.4% | $110,318,771▲5.5% | $425,694,209▼2.1% | 990 |
| 2015 | $465,260,105▲7.6% | $435,640,358▲10.8% | $104,615,456▲38.2% | $434,982,179▲9.2% | 990 |
| 2014 | $432,456,145▲2.0% | $393,098,859▲2.5% | $75,701,423▲35.0% | $398,347,138▲6.9% | 990 |
| 2013 | $423,941,793 | $383,615,327▲0.6% | $56,056,124▲24.0% | $372,724,775▲6.5% | 990 |
| 2012 | — | $381,194,257▼1.8% | $45,188,363▲34.3% | $350,012,184▼2.8% | 990 |
| 2011 | — | $388,163,063▲2.7% | $33,648,267▲34.6% | $360,052,108▲8.4% | 990 |
| 2010 | — | $378,093,485▲5.6% | $25,002,462▲147% | $332,063,801▲2.4% | 990 |
| 2009 | — | $358,201,237 | $10,102,126 | $324,420,647 | 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: Mr K Christopher Peek — $1,764,966 (0.25% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Mr K Christopher Peek | Ceo | 45 | $1,764,966 |
| Dr Todd Davis | Evp Chief Physician Executive | 45 | $1,048,889 |
| Mr David O'connor | Evp/cfo/asst. Treasurer | 45 | $956,025 |
| Mr Frank Murphy | Vp Strategy Business Development | 40 | $703,917 |
| Mr Danny Wharton | Chief Operating Officer | 45 | $670,464 |
| Dr George Adcock III | Vp Medical Affairs | 40 | $605,913 |
| Ms Leigh Hickman | Clo/asst. Sec. | 45 | $564,906 |
| Ms Robin Lang | Vp Chief Information Officer | 40 | $550,336 |
| Mr Richard Blackburn | Vp Support Services | 40 | $517,138 |
| Mr Joel Riddle | Vp Human Resources | 40 | $500,210 |
| Dr Micheal Gaslin | Past-chief-of-staff (non-voting) Through 12/31/2023 | 1 | $20,000 |
| Dr Heath High | Chief of Staff (cos) Elect Through 12/31/23 (non-voting); Cos Starting 1/1/24 | 1 | — |
| Dr Jay Hendler | Chief of Staff (cos) Through 12/31/23; Immediate Past Cos Starting 1/1/24 (non-voting) | 1 | — |
| Dr Shiddhi Patel | Chief-of Staff Elect (non-voting) Starting 1/1/2024 | 1 | — |
| Mr Bob Hovis | Director | 1 | — |
| Mr Dan Boyd | Director | 1 | — |
| Mr David Payseur | Treasurer | 1 | — |
| Mr Frank Stewart | Director | 1 | — |
| Mr Jason Austell | Director | 1 | — |
| Mr Jay Mcgraw | Director | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| The Robins and Morton Group | Contruction Management | $88,604,814 |
| Shc Services Inc | Temp Personnel | $45,196,571 |
| Samet Corporation | Contruction Management | $6,647,476 |
| Mcmillan Pazdan Smith LLC | Contruction Management | $2,608,488 |
| PC Godfrey Inc | Contruction Management | $2,166,655 |
Grants made · $711K in FY2023
23 grants totaling $711K in FY2023 — showing the 15 largest. All grants made by Gaston Memorial Hospital Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Gaston Family Health Services Inc | Community assistance | $252,913 |
| Gaston Community Foundation | Community assistance | $100,000 |
| Gaston Business Association Inc | Community assistance | $84,000 |
| Gaston County Schools | Community assistance | $75,000 |
| Gaston Together Communites of Excellence | Community assistance | $22,000 |
| Cancer Services of Gaston County Inc | Community assistance | $19,000 |
| Heart Society of Gaston County Inc | Community assistance | $16,050 |
| Boys and Girls Clubs of Greater Gaston Inc | Community assistance | $13,610 |
| Catherine Pharr Carstarphen Mcadenville Foundation Inc | Community assistance | $13,000 |
| Cherryville Chamber of Commerce | Community assistance | $10,000 |
| City of Bessemer Cit | Community assistance | $10,000 |
| City of Gastonia | Community assistance | $10,000 |
| City of Kings Mountain | Community assistance | $10,000 |
| City of Mount Holly | Community assistance | $10,000 |
| Downtown Belmont Development Association | Community assistance | $10,000 |
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Compare Gaston Memorial Hospital Inc
Frequently asked questions
- Is Gaston Memorial Hospital Inc a legitimate nonprofit?
- Yes. Gaston Memorial Hospital Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 56-0619359, based in Gastonia, North Carolina. Donations are tax-deductible.
- What is Gaston Memorial Hospital Inc's EIN?
- Gaston Memorial Hospital Inc's Employer Identification Number (EIN) is 56-0619359.
- How much revenue does Gaston Memorial Hospital Inc report?
- Gaston Memorial Hospital Inc reported $790,891,234 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Gaston Memorial Hospital Inc's spending goes to programs?
- Gaston Memorial Hospital Inc spends about 93% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Gaston Memorial Hospital Inc have?
- CharityIndex grades Gaston Memorial Hospital Inc A+, based on program efficiency and fundraising cost.
- How much does Gaston Memorial Hospital Inc's highest-paid employee make?
- The highest reported compensation on Gaston Memorial Hospital Inc's latest Form 990 is $1,764,966, paid to Mr K Christopher Peek (Ceo).
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Data for Gaston Memorial Hospital Inc (EIN 56-0619359) 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.