Roanoke, VA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Carilion Franklin Memorial Hospital, founded in 1956, is a mid-sized nonprofit in the Health Care sector that reported $97.0M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $16.6M, a strong 17% operating margin.
Our mission is to improve the health of the communities we serve through our commitment to a common purpose of better patient care, better community health, and lower cost.
Carilion Franklin Memorial Hospital (CFMH), part of Carilion Clinic, is a not-for-profit healthcare organization committed to improving health outcomes for every patient while advancing the quality...
Carilion Franklin Memorial Hospital (CFMH), part of Carilion Clinic, is a not-for-profit healthcare organization committed to improving health outcomes for every patient while advancing the quality of care in the community it serves. Located in Rocky Mount, VA, this 37-bed hospital offers a wide range of medical and surgical services, including convenient outpatient and emergency department services. Carilion Franklin Memorial Hospital exists to serve the health care needs of its community, regardless of a patient's ability to pay. The hospital admitted 1,866 patients and provided 6,683 days of care during the year. Hospital programs include the provision of nursing care, extensive outpatient and inpatient surgical and endoscopic services, and diagnostic imaging services including CT, MRI, mammography and nuclear medicine. CFMH provides several services targeting the specific health needs of its population, including diabetes management, home health and hospice, physical, speech, and occupational therapy programs, plastics & reconstructive surgery, ENT, and cardiac and respiratory rehab. A desk area at the hospital's medical office building is staffed by volunteers who welcome patients and visitors. CFMH also provides an emergency department with 24-hour care, emergency transportation, and STEMI and stroke programs. With 21,564 visits, CFMH's emergency services are a critical component of the health safety net in its service area. It acts as a primary health provider for a significant number of uninsured patients, who comprise 6 percent of ED visits. CFMH also supports community screenings and education on chronic disease prevention and management. In furtherance of its mission, CFMH provides extensive uncompensated care and community support. Stated at cost, nearly $1.5 million in financial assistance and other community benefits were provided.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $97,004,107 | $82,260,724 | +0.2% |
| Expenses | $80,444,451 | $72,525,268 | +0.1% |
| Net Income | $16,559,656 | $9,735,456 | +0.7% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Carl Cline Jr | Dir./Sec./Treas./Hospital VP | 50.0 |
Officer
Director
|
$223,091 | $109,940 | $333,031 |
| Victoria Gardner | Director/Vice Chair | 1.2 |
Officer
Director
|
$0 | $0 | $768 |
| William Kingery Jr | Director / Chair | 2.5 |
Officer
Director
|
$0 | $0 | $10,250 |
| Barbara Jackman | Director | 1.2 |
Director
|
$0 | $0 | $0 |
| Dave Peters | Director | 1.2 |
Director
|
$0 | $0 | $768 |
| Katherine Goff PhD | Director | 1.2 |
Director
|
$0 | $0 | $0 |
| Sarah Stubbs MD | Director | 1.2 |
Director
|
$0 | $13,628 | $227,481 |
| Shannon Moore | Director | 1.2 |
Director
|
$0 | $26,909 | $66,830 |
| Stephanie Lareau MD | Director | 1.2 |
Director
|
$0 | $6,961 | $356,690 |
| Steven Arner | Director/COO, Carilion Clinic | 2.0 |
Director
|
$0 | $209,618 | $1,619,810 |
| W Mark Church PhD | Director | 1.2 |
Director
|
$0 | $0 | $480 |
| Donald Halliwill | Asst. Treasurer | 0.5 |
Officer
|
$0 | $167,911 | $1,287,159 |
| G Robert Vaughan Jr | Asst. Treasurer | 0.5 |
Officer
|
$0 | $71,002 | $529,010 |
| J Harrison Lapuasa | Asst. Treasurer | 0.5 |
Officer
|
$0 | $-1,202 | $32,907 |
| Julie Smith-Hamilton | Asst. Secretary | 0.5 |
Officer
|
$0 | $18,375 | $79,103 |
| Nicholas Conte | Asst. Secretary | 1.0 |
Officer
|
$0 | $174,893 | $1,198,610 |
| Donn Bergman | Physical Therapist | 40.0 |
Highest
|
$133,731 | $41,045 | $174,776 |
| Kristin Brandenberger | Pharmacist | 49.5 |
Highest
|
$122,228 | $23,031 | $155,829 |
| Lori McClure | Pharmacy Manager | 40.0 |
Highest
|
$182,957 | $1,140 | $184,097 |
| Shirley Landon-King | Occupational Therapist | 39.0 |
Highest
|
$140,196 | $-7,891 | $132,955 |
| Tracy McCown | Nursing Director | 40.0 |
Highest
|
$135,180 | $26,955 | $162,135 |
| David Hagadorn | Former Officer | 0.0 |
|
$0 | $25,072 | $184,176 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $97,004,107 | $80,444,451 | $56,375,322 | $16,559,656 |
| 2023 | $82,260,724 | $72,525,268 | $52,574,219 | $9,735,456 |
| 2022 | $70,034,301 | $66,879,616 | $45,660,792 | $3,154,685 |
| 2021 | $61,896,719 | $56,430,791 | $40,621,973 | $5,465,928 |
| 2020 | $53,453,560 | $48,686,012 | $34,418,043 | $4,767,548 |
| 2020 | $53,453,560 | $48,686,012 | $34,418,043 | $4,767,548 |
| 2019 | $52,532,680 | $47,558,836 | $28,015,851 | $4,973,844 |
| 2018 | $48,613,274 | $46,770,114 | $20,888,634 | $1,843,160 |
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