The Moses H Cone Memorial Hospital Operating Corporation
90% goes to programs $0 to raise $100 Strong reserves Declining revenue
The Moses H Cone Memorial Hospital Operating Corporation is a 501(c)(3) organization based in Greensboro, North Carolina, registered in 1984, with $598,632,199 in FY2024 revenue. CharityIndex grades it A+, and it directs about 90% of spending to programs.
1200 N Elm St, Greensboro, NC, 27401 EIN 58-1588823 Since 1984
Revenue (FY2024)
$598.6M
▼ 74.1% vs prior year
Health median: $840K
Expenses (FY2024)
$550.3M
Net assets
$1.8B
Employees
12,773
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 · $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 The Moses H Cone Memorial Hospital Operating Corporation: 90% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating38 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 The Moses H Cone Memorial Hospital Operating Corporation: 38 mo reserves · +8% 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 The Moses H Cone Memorial Hospital Operating Corporation: 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 The Moses H Cone Memorial Hospital Operating Corporation: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
We serve our communities by preventing illness, restoring health and providing comfort, through exceptional people delivering exceptional care.
Contact & location
- Address
- 1200 N Elm St, Greensboro, NC, 27401
- City
- Greensboro
- State
- North Carolina
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $977.4M (FY2013) to $598.6M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $236.4MNet assets $1.8B
Operating margin
8.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.0B
Total liabilities
$236.4M
Net assets
$1.8B
Salaries & benefits
$223.7M
41% of expenses
Board members
15
13 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $598,632,199▼74.1% | $550,308,780▼73.1% | $1,761,847,698▲2.1% | $1,998,205,395 | 990 |
| 2023 | $2,307,557,291▲19.6% | $2,042,818,228▲17.0% | $1,725,444,945▲18.3% | $1,997,262,448▲16.4% | 990 |
| 2022 | $1,929,317,490▲17.1% | $1,745,593,096▲8.3% | $1,458,619,288▲17.4% | $1,716,180,015▲18.3% | 990 |
| 2021 | $1,647,783,819▲3.3% | $1,611,711,413▲7.8% | $1,242,660,400▲2.8% | $1,450,926,626▼4.2% | 990 |
| 2020 | $1,595,599,944▲6.2% | $1,495,459,193▲11.4% | $1,208,381,701▲9.1% | $1,514,115,130▲5.8% | 990 |
| 2019 | $1,501,803,098▲7.0% | $1,341,964,389▼0.3% | $1,107,205,664▲17.1% | $1,431,681,304▲27.1% | 990 |
| 2018 | $1,404,159,415▲9.2% | $1,345,382,220▲13.7% | $945,730,778▲16.5% | $1,126,496,791▲17.1% | 990 |
| 2017 | $1,285,603,522▲7.3% | $1,183,133,833▲5.1% | $811,646,505▲16.1% | $962,297,096▲11.5% | 990 |
| 2016 | $1,197,972,201▲4.8% | $1,125,766,390▲4.4% | $699,319,255▲14.7% | $862,739,334▲9.3% | 990 |
| 2015 | $1,143,066,722▲5.2% | $1,078,063,664▲8.4% | $609,501,276▲8.8% | $789,166,137▲9.9% | 990 |
| 2014 | $1,086,082,086▲11.1% | $994,128,537▲7.6% | $560,385,711▲17.4% | $718,118,018▲15.0% | 990 |
| 2013 | $977,350,583 | $924,252,322▲1.7% | $477,392,271▲26.4% | $624,269,086▲19.9% | 990 |
| 2012 | — | $908,403,330▼1.5% | $377,554,097▲7.1% | $520,590,971▼4.2% | 990 |
| 2011 | — | $922,471,355▲13.4% | $352,474,831▲16.8% | $543,687,711▲6.4% | 990 |
| 2010 | — | $813,370,992▲5.9% | $301,731,127▲16.6% | $511,170,155▲15.5% | 990 |
| 2009 | — | $768,255,602 | $258,735,558 | $442,735,510 | 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: Cagle Md Mary Jo — $2,289,628 (0.42% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Cagle Md Mary Jo | President & Ceo | 40 | $2,289,628 |
| Priest Md Marlon | Exe Vp & Asst Sec Thru 02/24 | 40 | $2,047,338 |
| Eaton Mandy | Chief Operating Officer | 40 | $1,279,990 |
| Katragadda Sreedhar | Physician | 40 | $1,025,703 |
| Bokshan Steven | Physician | 40 | $982,017 |
| Barrow Andrew | Cfo & Secretary | 40 | $978,116 |
| Hammock Preston | Svp & President Moses Cone Hos | 40 | $815,077 |
| Leschber Valerie | Physician | 40 | $789,596 |
| Carter Robert | Svp & Chief Legal Counsel | 40 | $781,600 |
| Yadav Priyanka | Physician | 40 | $747,439 |
| Cornue Christopher | Executive Vp & Asst Secretary | 40 | $714,377 |
| Castaneda Mayorga Daniel | Physician | 40 | $641,097 |
| Adamolekun Michelle | Executive Vp & Asst Secretary | 40 | $596,867 |
| Antrum Dnp Vi-anne | Executive Vp & Asst Secretary | 40 | $583,943 |
| Sinopoli Md Angelo | Executive Vp & Assistant Secre | 40 | $567,730 |
| Fortney Catharine | Vp & Chief Compliance Officer | 40 | $357,096 |
| Nelms Jason | Vp & Assistant Treasurer | 40 | $341,335 |
| Smith Rene | Assistant Treasurer | 40 | $249,577 |
| Kitzmiller David | Assistant Treasurer | 40 | $210,542 |
| Stuckey Md Thomas | Trustee | 40 | $118,806 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Mckesson Plasma and Biologics LLC | Medical Services | $159,607,411 |
| Kansas City Series of Lockton | Risk Management | $10,389,858 |
| Fox Rothschild LLP | Legal Services | $7,017,754 |
| Kpmg LLP | Consulting Services | $6,377,751 |
| Alliance Urology Specialists | Medical Services | $5,471,267 |
Grants received · $4.4M total
71 grants to The Moses H Cone Memorial Hospital Operating Corporation totaling $4.4M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Second Harvest Food Bank of Northwest North Carolina Inc | Feeding the poor and | 2024 | $101,687 |
| Winston-salem Foundation | 1 grant(s) for varying purposes | 2024 | $50,000 |
| American Cancer Society Inc | Patient support | 2024 | $30,000 |
| American Cancer Society Inc | Patient support | 2024 | $30,000 |
| Community Foundation of Greater Greensboro Inc | General support | 2024 | $24,000 |
| The Community Foundation For Greater Atlanta Inc | Health care | 2024 | $10,000 |
| Winston-salem Foundation | 1 grant(s) for varying purposes | 2023 | $450,000 |
| Donor Advised Charitable Giving | Health | 2023 | $198,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $114,500 |
| Community Foundation of Greater Greensboro Inc | General support | 2023 | $92,888 |
| Second Harvest Food Bank of Northwest North Carolina Inc | Feeding the poor and | 2023 | $86,770 |
| Mayo Clinic | Support research program | 2023 | $52,500 |
| American Cancer Society Inc | Patient support | 2023 | $43,000 |
| Upstream USA Inc | Reproductive health program training | 2023 | $42,000 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $15,000 |
Grants made · $89K in FY2024
5 grants totaling $89K in FY2024. All grants made by The Moses H Cone Memorial Hospital Operating Corporation →
| Recipient | Purpose | Amount |
|---|---|---|
| Greensboro Childrens Museum | Support of the community | $25,000 |
| Conference Board Inc | Support of the community | $25,000 |
| Better Health Md LLC | Support of the community | $20,300 |
| The Salvation Army | Education and advocacy | $10,500 |
| United Way of Greater Greensboro Inc | Support of community non-profit organizations | $8,500 |
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Frequently asked questions
- Is The Moses H Cone Memorial Hospital Operating Corporation a legitimate nonprofit?
- Yes. The Moses H Cone Memorial Hospital Operating Corporation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 58-1588823, based in Greensboro, North Carolina. Donations are tax-deductible.
- What is The Moses H Cone Memorial Hospital Operating Corporation's EIN?
- The Moses H Cone Memorial Hospital Operating Corporation's Employer Identification Number (EIN) is 58-1588823.
- How much revenue does The Moses H Cone Memorial Hospital Operating Corporation report?
- The Moses H Cone Memorial Hospital Operating Corporation reported $598,632,199 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of The Moses H Cone Memorial Hospital Operating Corporation's spending goes to programs?
- The Moses H Cone Memorial Hospital Operating Corporation spends about 90% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does The Moses H Cone Memorial Hospital Operating Corporation have?
- CharityIndex grades The Moses H Cone Memorial Hospital Operating Corporation A+, based on program efficiency and fundraising cost.
- How much does The Moses H Cone Memorial Hospital Operating Corporation's highest-paid employee make?
- The highest reported compensation on The Moses H Cone Memorial Hospital Operating Corporation's latest Form 990 is $2,289,628, paid to Cagle Md Mary Jo (President & Ceo).
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Data for The Moses H Cone Memorial Hospital Operating Corporation (EIN 58-1588823) 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.