Murphy Medical Center Inc
78% goes to programs $0 to raise $100
Murphy Medical Center Inc is a 501(c)(3) organization based in Murphy, North Carolina, registered in 1994, with $70,220,829 in FY2023 revenue. CharityIndex grades it B+, and it directs about 78% of spending to programs.
3990 E Us Hwy 64 Alt, Murphy, NC, 28906 EIN 56-1844262 Since 1994
Revenue (FY2023)
$70.2M
▲ 1.7% vs prior year
Health median: $840K
Expenses (FY2023)
$71.8M
Net assets
$12.2M
Employees
539
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
B+Program efficiency40% of the rating78% 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 Murphy Medical Center Inc: 78% to programs · $0 to raise $100 earns a B+ on this criterion. See the exact thresholds →
BFinancial health25% of the rating2 mo reserves · -2% 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 Murphy Medical Center Inc: 2 mo reserves · -2% margin earns a B 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 Murphy Medical Center 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 Murphy Medical Center Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Providing medical care to the community.
Contact & location
- Address
- 3990 E Us Hwy 64 Alt, Murphy, NC, 28906
- City
- Murphy
- State
- North Carolina
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $61.8M (FY2013) to $70.2M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $52.0MNet assets $12.2M
Operating margin
-2.2%
Spent more than it raised in the latest fiscal year.
Total assets
$64.2M
Total liabilities
$52.0M
Net assets
$12.2M
Salaries & benefits
$36.2M
50% of expenses
Board members
5
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $70,220,829▲1.7% | $71,797,275▲4.2% | $12,161,651▲12.3% | $64,191,595▲13.8% | 990 |
| 2022 | $69,080,898▲13.3% | $68,916,772▲5.6% | $10,830,437▲24.3% | $56,424,666▲10.5% | 990 |
| 2021 | $60,971,204▼5.0% | $65,233,311▲2.2% | $8,710,410▼49.1% | $51,075,127▼4.0% | 990 |
| 2020 | $64,166,797▼10.7% | $63,838,914▼10.3% | $17,126,807▲24.6% | $53,187,250▲12.5% | 990 |
| 2019 | $71,858,665▼5.5% | $71,188,613▼4.8% | $13,749,533▲3.7% | $47,276,141▲30.7% | 990 |
| 2018 | $76,070,313▲10.0% | $74,804,247▲3.5% | $13,259,930▼49.4% | $36,161,543▼0.2% | 990 |
| 2017 | $69,157,114▼6.8% | $72,244,463▼2.2% | $26,207,047▼13.1% | $36,250,903▼12.9% | 990 |
| 2016 | $74,220,062▲10.1% | $73,858,658▲5.1% | $30,156,304▲3.0% | $41,612,500▲2.0% | 990 |
| 2015 | $67,411,312▲0.7% | $70,266,612▲5.8% | $29,273,503▼9.9% | $40,803,545▼6.4% | 990 |
| 2014 | $66,973,196▲8.4% | $66,411,889▲7.9% | $32,489,321▲1.0% | $43,576,005▼2.8% | 990 |
| 2013 | $61,766,348 | $61,554,690▲0.3% | $32,157,176▲0.7% | $44,808,238▲4.3% | 990 |
| 2012 | — | $61,358,158▲1.3% | $31,938,343▼2.1% | $42,953,872▼4.1% | 990 |
| 2011 | — | $60,571,978▲0.5% | $32,607,821▼7.6% | $44,776,916▼7.0% | 990 |
| 2010 | — | $60,290,828▼6.5% | $35,304,935▼1.6% | $48,126,306▼6.0% | 990 |
| 2009 | — | $64,486,760 | $35,870,491 | $51,224,031 | 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: Michael Nerney Md — $733,450 (1.02% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Michael Nerney Md | General Surgeon | 40 | $733,450 |
| Jeffrey Martin Md | Urologist | 40 | $614,426 |
| Eric Clarke Md | Orthopedic Surgeon | 40 | $604,370 |
| Terry Fokakis Md | Primary Care Physician | 40 | $422,035 |
| Gary Roper Md | Primary Care Physician | 40 | $331,269 |
| Stephanie Boynton | Ewch Ceo | 40 | $320,650 |
| Teresa Bowleg | Ewch Cno/administrator | 40 | $229,116 |
| Jeanna Adler | Board Member | 1 | — |
| Jim Coleman | Board Chair, Ceo of Erlanger | 1 | — |
| Lynn Dejaco | Board Member, Cfo of Erlanger | 1 | — |
| Rob Maloney | Board Member, Coo of Erlanger | 1 | — |
| Tyler Winks | Board Secretary | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Murphy Hospitalist Group Pllc | Physician Services | $1,181,555 |
| Murphy Emergency Physicians Pllc | Physician Services | $935,800 |
| Sightpath Medical LLC | Cataract Equipment and Supplies | $541,608 |
| 340b Link LLC | Pharmacy Network Link Fees | $340,535 |
| Walter Erin Johnson | Contract Anesthesia Services | $328,310 |
Grants received · $593K total
7 grants to Murphy Medical Center Inc totaling $593K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| The Community Foundation of Western North Carolina Inc | Promoting quality health | 2023 | $30,000 |
| The Community Foundation of Western North Carolina Inc | Promoting quality health | 2022 | $20,000 |
| The Community Foundation of Western North Carolina Inc | Promoting quality health | 2021 | $50,000 |
| The Golden L E A F Long-term Economic Advancement Foundation In | See part iv | 2018 | $100,000 |
| The Golden L E A F Long-term Economic Advancement Foundation In | See part iv | 2015 | $375,000 |
| Patient Access Network Foundation | Patient assistance | 2015 | $10,000 |
| Patient Access Network Foundation | Patient assistance | 2014 | $8,396 |
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Frequently asked questions
- Is Murphy Medical Center Inc a legitimate nonprofit?
- Yes. Murphy Medical Center Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 56-1844262, based in Murphy, North Carolina. Donations are tax-deductible.
- What is Murphy Medical Center Inc's EIN?
- Murphy Medical Center Inc's Employer Identification Number (EIN) is 56-1844262.
- How much revenue does Murphy Medical Center Inc report?
- Murphy Medical Center Inc reported $70,220,829 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Murphy Medical Center Inc's spending goes to programs?
- Murphy Medical Center Inc spends about 78% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Murphy Medical Center Inc have?
- CharityIndex grades Murphy Medical Center Inc B+, based on program efficiency and fundraising cost.
- How much does Murphy Medical Center Inc's highest-paid employee make?
- The highest reported compensation on Murphy Medical Center Inc's latest Form 990 is $733,450, paid to Michael Nerney Md (General Surgeon).
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Data for Murphy Medical Center Inc (EIN 56-1844262) 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.