Moses H Cone Memorial Hospital
90% goes to programs Strong reserves Declining revenue
Moses H Cone Memorial Hospital is a 501(c)(3) organization based in Greensboro, North Carolina, registered in 1938, with $53,658,006 in FY2024 revenue. CharityIndex grades it A, and it directs about 90% of spending to programs.
1200 N Elm St, Greensboro, NC, 27401 EIN 56-0532302 Since 1938
Revenue (FY2024)
$53.7M
▼ 50.9% vs prior year
Health median: $840K
Expenses (FY2024)
$31.0M
Net assets
$591.5M
Employees
266
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 rating90% to programs
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 Moses H Cone Memorial Hospital: 90% to programs earns a A+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating229 mo reserves · +42% 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 Moses H Cone Memorial Hospital: 229 mo reserves · +42% margin earns a B+ 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 Moses H Cone Memorial Hospital: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 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 Moses H Cone Memorial Hospital: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Strategic oversight and support of subsidiary corporations within cone health system, a provider of health care services to the community
What they do
Hold and operate property for cone health system
Hold debt and investments for cone health
Contact & location
- Address
- 1200 N Elm St, Greensboro, NC, 27401
- City
- Greensboro
- State
- North Carolina
- Category
- Health Care
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $67.0M (FY2013) to $53.7M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.6BNet assets $591.5M
Operating margin
42.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.2B
Total liabilities
$1.6B
Net assets
$591.5M
Salaries & benefits
$3.1M
10% of expenses
Board members
15
8 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $53,658,006▼50.9% | $30,973,109▼73.8% | $591,514,077▼4.1% | $2,151,295,201▼1.0% | 990 |
| 2023 | $109,379,178▲126% | $118,008,473▲1.9% | $616,624,532▲16.4% | $2,174,038,059▲9.4% | 990 |
| 2022 | $48,371,259▼62.8% | $115,784,839▼0.5% | $529,865,712▲9.8% | $1,987,191,994▲3.2% | 990 |
| 2021 | $129,966,266▼11.3% | $116,329,140▼11.9% | $482,362,670▼15.1% | $1,926,005,479▲5.5% | 990 |
| 2020 | $146,460,394▼23.5% | $132,115,003▼7.0% | $568,410,538▲18.5% | $1,825,799,942▲0.9% | 990 |
| 2019 | $191,496,344▲110% | $142,024,026▲24.8% | $479,602,915▲10.5% | $1,808,997,657▲15.1% | 990 |
| 2018 | $91,143,150▼44.6% | $113,773,543▼7.6% | $433,862,052▼10.4% | $1,571,597,385▼0.6% | 990 |
| 2017 | $164,512,041▲61.7% | $123,128,566▲24.7% | $484,269,993▲5.3% | $1,581,756,953▲12.9% | 990 |
| 2016 | $101,755,183▲23.4% | $98,727,211▲19.6% | $459,729,869▲17.3% | $1,401,174,504▲9.5% | 990 |
| 2015 | $82,438,032▲76.7% | $82,527,204▲17.3% | $392,034,101▲3.3% | $1,279,339,676▲3.8% | 990 |
| 2014 | $46,667,314▼30.3% | $70,368,681▲1.2% | $379,668,411▼15.5% | $1,232,326,096▼0.2% | 990 |
| 2013 | $66,994,265 | $69,524,576▼0.2% | $449,090,046▼25.2% | $1,234,969,297▲13.3% | 990 |
| 2012 | — | $69,692,981▲15.6% | $600,003,858▼5.7% | $1,089,568,779▼4.5% | 990 |
| 2011 | — | $60,301,305▲29.5% | $636,552,924▲8.6% | $1,141,008,738▲16.3% | 990 |
| 2010 | — | $46,576,296▲14.0% | $586,162,858▼5.0% | $980,843,587▲9.0% | 990 |
| 2009 | — | $40,862,710 | $617,219,506 | $899,845,370 | 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: Langley Elissa — $1,470,000 (4.75% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Langley Elissa | Vice President, Thn | 40 | $1,470,000 |
| Miller John | Cio & Treasurer | 40 | $637,285 |
| Hodges Md Beth | Chief Medical Officer, Trustee | 40 | $431,009 |
| Reade Robert | Medical Director, Thn | 40 | $256,394 |
| Haywood Mehee | Asst Treasurer Thru 03/31/24 | 40 | $217,139 |
| Park Hanna | Executive Director | 40 | $197,464 |
| Bradish Karen | Director | 40 | $182,840 |
| Rumple Rhonda | Director | 40 | $175,621 |
| Tamborino Norine | Director | 40 | $171,126 |
| Adamolekun Michelle | Executive Vp & Asst. Secretary | 0 | — |
| Antrum Dnp Vi-anne | Executive Vp & Asst. Secretary | 0 | — |
| Barrow Andrew | Cfo & Secretary | 0 | — |
| Boylston Md Yun | Trustee | 0 | — |
| Brandon Md Ashley | Trustee | 0 | — |
| Cagle Md Mary Jo | Chief Executive Officer | 0 | — |
| Campbell Phd Lenora | Trustee | 0 | — |
| Carter Robert | Svp & Chief Legal Counsel | 0 | — |
| Cassell Bill | Trustee | 0 | — |
| Chandler Thomas | Trustee | 0 | — |
| Cone Edward | Trustee | 0 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Brasfield Gorrie LLC | Facility Planning | $33,465,693 |
| D L Construction | Facility Planning | $5,859,620 |
| The Robins Morton Group | Construction Srvs | $817,401 |
| Stimmel Associates PA | Facility Services | $668,826 |
| Mcm Resourcing LLC | Construction Srvs | $641,182 |
Grants received · $126K total
3 grants to Moses H Cone Memorial Hospital totaling $126K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| The Moses H Cone Memorial Hospital Operating Corporation | Education of health care providers | 2015 | $45,000 |
| Alamance Regional Medical Center | Nursing education | 2015 | $40,000 |
| Alamance Regional Medical Center | — | 2014 | $41,000 |
Grants made · $10K in FY2023
1 grant totaling $10K in FY2023. All grants made by Moses H Cone Memorial Hospital →
| Recipient | Purpose | Amount |
|---|---|---|
| Us Department of the Interior | Upkeep of cone park | $10,000 |
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Frequently asked questions
- Is Moses H Cone Memorial Hospital a legitimate nonprofit?
- Yes. Moses H Cone Memorial Hospital is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 56-0532302, based in Greensboro, North Carolina. Donations are tax-deductible.
- What is Moses H Cone Memorial Hospital's EIN?
- Moses H Cone Memorial Hospital's Employer Identification Number (EIN) is 56-0532302.
- How much revenue does Moses H Cone Memorial Hospital report?
- Moses H Cone Memorial Hospital reported $53,658,006 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Moses H Cone Memorial Hospital's spending goes to programs?
- Moses H Cone Memorial Hospital spends about 90% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Moses H Cone Memorial Hospital have?
- CharityIndex grades Moses H Cone Memorial Hospital A, based on program efficiency and fundraising cost.
- How much does Moses H Cone Memorial Hospital's highest-paid employee make?
- The highest reported compensation on Moses H Cone Memorial Hospital's latest Form 990 is $1,470,000, paid to Langley Elissa (Vice President, Thn).
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Data for Moses H Cone Memorial Hospital (EIN 56-0532302) 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.