Alleghany County Memorial Hospital Inc

EIN: 560525657 501(c)(3) Health Care

Sparta, NC

Total Revenue
$17,372,173
Total Expenses
$17,427,932
Total Assets
$22,202,568
Net Assets
$13,057,117
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1948
Legal Domicile
NC
Phone
3363723226
Tax Period
2023-10-01 to 2024-09-30

Alleghany County Memorial Hospital Inc, founded in 1948, is a mid-sized nonprofit in the Health Care sector that reported $17.4M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE TOP QUALITY HEALTH CARE SERVICES TO OUR LOCAL COMMUNITY AND SURROUNDING COMMUNITIES. SERVICES ARE PROVIDED TO ALL INDIVIDUALS REGARDLESS OF THEIR ABILITY TO PAY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,038,824
Program Service Revenue $16,160,685
Investment Income $34,644
Other Revenue $138,020
TOTAL REVENUE $17,372,173

Expense Breakdown

Grants Paid $0
Salaries & Benefits $8,070,728
Fundraising Expenses $0
Program Expenses $14,195,536
Other Expenses $9,357,204
TOTAL EXPENSES $17,427,932

Year-over-Year Comparison

2023 2022 Change
Revenue $17,372,173 $14,775,129 +0.2%
Expenses $17,427,932 $17,122,522 +0.0%
Net Income $-55,759 $-2,347,393 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
8
Independent Members
8
Employees
172
Volunteers
12

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$270,367
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Bryan Edwards Board of Trustees 1.0
Director
$0 $0 $0
Charles Mangano MD Ex Officio Member 1.0
Director
$0 $0 $0
Jena Folger Board of Trustees 1.0
Director
$0 $0 $0
Jim Becher Chairperson 1.0
Director
$0 $0 $0
Jim Hoekstra MD Board of Trustees 1.0
Director
$0 $0 $0
Mary Blackburn Board of Trustees 1.0
Director
$0 $0 $0
Paul Hammes Board of Trustees 1.0
Director
$0 $0 $0
Ricky Brown Board of Trustees 1.0
Director
$0 $0 $0
Whitney Ivey Vice Chairperson 1.0
Director
$0 $0 $0
Kathryn Doby Chief Admin Officer, term May 2024 40.0
Officer
$233,631 $36,736 $270,367
Paula Moore Chief Admin Officer, start March 2024 40.0
Officer
$0 $0 $0
April Maines Clinical Services Director 40.0
Highest
$110,272 $9,743 $120,015
Denise Bryant MD Physician 40.0
Highest
$121,903 $18,867 $140,770
Dwynn Greenfield Physician 40.0
Highest
$227,529 $29,899 $257,428
Jose Arocha MD Physician 40.0
Highest
$355,577 $25,628 $381,205
Pamela Hoppers Pharmacist 40.0
Highest
$141,354 $16,459 $157,813
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $17,372,173 $17,427,932 $22,202,568 $-55,759
2023 $14,775,129 $17,122,522 $22,293,914 $-2,347,393
2022 $15,001,905 $16,443,622 $23,492,804 $-1,441,717
2021 $15,886,871 $14,485,418 $23,031,959 $1,401,453
2020 $16,202,098 $12,806,749 $17,075,869 $3,395,349
2019 $11,137,746 $13,210,576 $7,822,201 $-2,072,830
2018 $13,005,160 $13,871,054 $7,530,500 $-865,894
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