University Health Systems of Eastern Carolina Inc
91% goes to programs $0 to raise $100 Thin reserves Growing revenue
University Health Systems of Eastern Carolina Inc is a 501(c)(3) organization based in Greenville, North Carolina, registered in 2000, with $401,268,193 in FY2023 revenue. CharityIndex grades it C, and it directs about 91% of spending to programs.
2100 Stantonsburg Rd, Greenville, NC, 27834 EIN 56-2141073 Since 2000
Revenue (FY2023)
$401.3M
▲ 30.7% vs prior year
Health median: $840K
Expenses (FY2023)
$438.7M
Net assets
-$252.4M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →C+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 University Health Systems of Eastern Carolina Inc: 91% to programs · $0 to raise $100 earns a C+ on this criterion. See the exact thresholds →
FFinancial health25% of the rating0 mo reserves · -9% 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 University Health Systems of Eastern Carolina Inc: 0 mo reserves · -9% margin earns a F 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 University Health Systems of Eastern Carolina 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 University Health Systems of Eastern Carolina Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
To advance and support the healthcare needs of the communities of eastern north carolina.
Contact & location
- Address
- 2100 Stantonsburg Rd, Greenville, NC, 27834
- City
- Greenville
- State
- North Carolina
- Category
- Health Care
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $143.2M (FY2013) to $401.3M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $760.8MNet assets -$252.4M
Operating margin
-9.3%
Spent more than it raised in the latest fiscal year.
Total assets
$508.4M
Total liabilities
$760.8M
Net assets
-$252.4M
Salaries & benefits
$200.8M
46% of expenses
Board members
11
8 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $401,268,193▲30.7% | $438,691,191▲18.0% | -$252,446,538▲45.1% | $508,370,578▲68.0% | 990 |
| 2022 | $307,032,884▲5.2% | $371,762,766▲14.6% | -$459,744,447▲7.4% | $302,588,318▲28.7% | 990 |
| 2021 | $291,812,105▼12.8% | $324,311,294▲9.3% | -$496,649,151▼7.4% | $235,027,049▼23.0% | 990 |
| 2020 | $334,615,086▲26.3% | $296,645,543▲6.8% | -$462,566,681▼0.8% | $305,100,320▼2.9% | 990 |
| 2019 | $265,011,443▲5.8% | $277,702,813▲2.5% | -$458,996,613▲7.9% | $314,187,145▲45.5% | 990 |
| 2018 | $250,594,781▲10.0% | $271,030,980▲8.1% | -$498,257,007▼10.2% | $215,968,711▼23.6% | 990 |
| 2017 | $227,895,051▲11.8% | $250,708,516▲0.9% | -$452,109,506▲4.8% | $282,856,849▼4.0% | 990 |
| 2016 | $203,866,835▲5.7% | $248,593,567▲6.1% | -$475,094,431▼17.3% | $294,493,186▼23.8% | 990 |
| 2015 | $192,903,875▲13.5% | $234,405,628▲12.7% | -$404,898,208▼11.2% | $386,225,358▼12.0% | 990 |
| 2014 | $169,947,384▲18.6% | $207,905,057▲19.7% | -$364,108,279▼394% | $438,702,615▼39.7% | 990 |
| 2013 | $143,238,746 | $173,688,810▲11.0% | $123,693,412▼26.6% | $727,485,564▼8.1% | 990 |
| 2012 | — | $156,481,555▲6.9% | $168,475,684▼9.6% | $791,425,690▼0.6% | 990 |
| 2011 | — | $146,353,419▲29.7% | $186,455,555▼13.4% | $796,136,985▼5.8% | 990 |
| 2010 | — | $112,873,816▲0.6% | $215,348,430▲751% | $845,138,049▲38.8% | 990 |
| 2009 | — | $112,179,454 | $25,304,620 | $608,925,733 | 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 Waldrum Md — $1,377,781 (0.31% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Michael Waldrum Md | Chief Executive Officer | 40 | $1,377,781 |
| Andy Zukowski | Chief Financial Officer | 40 | $747,262 |
| Niti Armistead Md | Chief Clin. & Quality Officer | 40 | $623,804 |
| Donnette Herring | Chief Information Officer | 40 | $519,567 |
| Jay Briley As of 124 | Pres., Ecuh Comm Hosp/ecuhmc | 40 | $512,320 |
| Trish Baise | Chief Nurse Executive | 40 | $509,303 |
| Ryan Hickey | Chief Strategy Officer | 40 | $496,562 |
| Julie Oehlert | Chief Experience Officer | 40 | $460,155 |
| William Glidewell III | Sr. Admin, Cent Bus Off | 40 | $425,390 |
| Richard Medford As of 523 | Chief Med. Information Officer | 40 | $401,855 |
| Joseph Pye | Svp, Medical Affairs | 40 | $376,877 |
| Brian Dunn As of 423 | Svp, Financial Services | 40 | $369,565 |
| Christina Bowen | Chief Well-being Officer | 40 | $366,973 |
| Mark Dunn | Chief D&i & Talent Mgmt | 40 | $357,225 |
| David Michael Thru 423 | Chief Med. Information Officer | 40 | $351,056 |
| Kirk Davis | Vp, Information Security-ciso | 40 | $319,658 |
| Jason Buskirk | Vp, Enterprise Data&analytics | 40 | $312,634 |
| Leigh Ann Harrison | Admin, Patient Financial Serv | 40 | $307,331 |
| Kelly Weatherly | Vp, Total Rewards | 40 | $297,086 |
| Andrew Montgomery | Vp, Supply Chain | 40 | $292,919 |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Medcost | Admin Fees | $5,903,130 |
| Guidehouse | Consulting | $4,388,400 |
| Huron Consulting Group Inc | Consulting | $3,410,802 |
| K L Gates LLP | Legal Services | $2,277,733 |
| Converge Technology Solutions Us L | Software | $1,937,468 |
Grants received · $24K total
2 grants to University Health Systems of Eastern Carolina Inc totaling $24K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Heart Association Inc | Stroke programs | 2021 | $7,849 |
| American Heart Association Inc | Stroke programs | 2020 | $15,698 |
Grants made · $300K in FY2023
10 grants totaling $300K in FY2023. All grants made by University Health Systems of Eastern Carolina Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| University Health Systems of Eastern Carolina Foundation Inc | Charitable | $100,000 |
| Pitt County Committee of 100 Inc | Charitable | $100,000 |
| North Carolina Physicans Health Program Inc | Charitable | $34,000 |
| Great 100 Inc | Charitable | $15,000 |
| 1 of Us Inc | Charitable | $10,000 |
| Little League Baseball Inc | Charitable | $10,000 |
| Emerge Gallery Art Center | Charitable | $10,000 |
| Evergreen of Greenville Inc | Charitable | $8,000 |
| Ronald Mcdonald House of Eastern North Carolina At Greenville Inc | Charitable | $7,500 |
| Greenville Cpl LLC | Charitable | $5,250 |
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Frequently asked questions
- Is University Health Systems of Eastern Carolina Inc a legitimate nonprofit?
- Yes. University Health Systems of Eastern Carolina Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 56-2141073, based in Greenville, North Carolina. Donations are tax-deductible.
- What is University Health Systems of Eastern Carolina Inc's EIN?
- University Health Systems of Eastern Carolina Inc's Employer Identification Number (EIN) is 56-2141073.
- How much revenue does University Health Systems of Eastern Carolina Inc report?
- University Health Systems of Eastern Carolina Inc reported $401,268,193 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of University Health Systems of Eastern Carolina Inc's spending goes to programs?
- University Health Systems of Eastern Carolina Inc spends about 91% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does University Health Systems of Eastern Carolina Inc have?
- CharityIndex grades University Health Systems of Eastern Carolina Inc C, based on program efficiency and fundraising cost.
- How much does University Health Systems of Eastern Carolina Inc's highest-paid employee make?
- The highest reported compensation on University Health Systems of Eastern Carolina Inc's latest Form 990 is $1,377,781, paid to Michael Waldrum Md (Chief Executive Officer).
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Data for University Health Systems of Eastern Carolina Inc (EIN 56-2141073) 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.