BLUE RIDGE HEALTHCARE HOSPITALS INC

EIN: 560529976 501(c)(3) Health Care

MORGANTON, NC

Total Revenue
$373,147,584
Total Expenses
$313,662,053
Total Assets
$787,263,402
Net Assets
$640,778,730
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1908
Legal Domicile
NC
Principal Officer
GARY PAXSON
Phone
8285805000
Tax Period
2024-07-01 to 2025-06-30

BLUE RIDGE HEALTHCARE HOSPITALS INC, founded in 1908, is a major nonprofit in the Health Care sector that reported $373.1M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $59.5M, a strong 16% operating margin.

Mission

IMPROVING THE HEALTH OF OUR COMMUNITIES BY PROVIDING EXCELLENT AND COMPASSIONATE CARE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,529,254
Program Service Revenue $362,615,527
Investment Income $8,642,858
Other Revenue $359,945
TOTAL REVENUE $373,147,584

Expense Breakdown

Grants Paid $296,657
Salaries & Benefits $165,432,723
Fundraising Expenses $0
Program Expenses $277,582,038
Other Expenses $147,932,673
TOTAL EXPENSES $313,662,053

Year-over-Year Comparison

2024 2023 Change
Revenue $373,147,584 $333,978,983 +0.1%
Expenses $313,662,053 $288,507,047 +0.1%
Net Income $59,485,531 $45,471,936 +0.3%
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

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
9
Employees
1971
Volunteers
56

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
8
$1,297,771
Total Directors
10
$471,311
Key Employees
6
$2,881,001
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
M H MCCRARY CHAIRMAN 0.20
Officer Director
$0 $0 $0
JIM ROSTAN VICE CHAIRMAN 0.20
Officer Director
$0 $0 $0
DAVID BENNETT TREASURER 0.20
Officer Director
$0 $0 $0
SUSAN HAIRE SECRETARY 0.20
Officer Director
$0 $0 $0
J MICHAEL BRIDGES PAST CHAIR 0.20
Officer Director
$0 $0 $0
KEVIN BAXTER BOARD MEMBER 0.20
Director
$0 $0 $0
ANDREW BRANT MD BOARD MEMBER 0.20
Director
$0 $0 $0
AMY JACKSON-KINCAID BOARD MEMBER 0.20
Director
$0 $0 $0
GANDHARI LOOMIS DO BOARD MEMBER 0.20
Director
$0 $8,771 $471,311
THEA YANG BOARD MEMBER 0.20
Director
$0 $0 $0
KATHY BAILEY PRESIDENT & CEO (THRU 8/2024) 37.00
Officer
$829,213 $7,606 $836,819
GARY PAXSON PRESIDENT & CEO (AS OF 9/2024) 37.00
Officer
$0 $0 $0
PATRICIA MOLL CFO 37.00
Officer
$409,793 $51,159 $460,952
THOMAS EURE CHIEF LEGAL OFFICER - SVP CORPORATE SERVICES 50.00
Key Emp
$444,152 $62,157 $506,309
BARRY NELSON CHIEF NURSING OFFICER 50.00
Key Emp
$397,491 $16,625 $414,116
ANTHONY FRANK CMO - MED AFFAIRS & MED STAFF SVCS 50.00
Key Emp
$714,159 $79,924 $794,083
JON MERCER SR. VP OPERATIONS/COO 50.00
Key Emp
$411,837 $59,140 $470,977
ANDREW THOMAS CHIEF AMBULATORY OFFICER - VP MED GP 50.00
Key Emp
$328,879 $20,990 $349,869
MARK PITMAN CHIEF HUMAN RESOURCES OFFICER 50.00
Key Emp
$322,014 $23,633 $345,647
AMANDA TAYLOR EXEC. DIR. ONCOLOGY AND PHARMACY SVCS 50.00
Highest
$216,595 $22,980 $239,575
ALEXANDRIA POWELL MANAGER - PHARMACY 50.00
Highest
$161,303 $40,703 $202,006
JILL RYAN EXEC. DIRECTOR OF QUALITY 50.00
Highest
$189,998 $17,989 $207,987
BETH MILLER EXEC. DIR. REVENUE CYCLE 50.00
Highest
$171,334 $16,193 $187,527
ERIN LEDOUX RN FLOAT LEVEL 4 50.00
Highest
$199,761 $45,624 $245,385
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
2025 $373,147,584 $313,662,053 $787,263,402 $59,485,531
2024 No data No data No data No data
2023 $306,105,547 $273,448,160 $680,092,924 $32,657,387
2022 $131,849,845 $124,787,634 $628,906,384 $7,062,211
2021 $269,831,847 $242,369,504 $630,339,590 $27,462,343
2020 $246,155,885 $204,145,999 $599,735,243 $42,009,886
2019 $253,053,871 $205,945,336 $511,745,501 $47,108,535
2018 $236,527,642 $204,112,819 $448,326,918 $32,414,823
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