ALAMANCE REGIONAL MEDICAL CENTER INC (EIN 560529994) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1937

Legal Domicile

Principal Officer

MARY JO CAGLE

Phone

3368327000

Tax Period

2023-10-01 to 2024-09-30

ALAMANCE REGIONAL MEDICAL CENTER INC, founded in 1937, is a major nonprofit in the Health Care sector that reported $409.1M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $362.1M left a modest 11% surplus.

Mission

WE SERVE OUR COMMUNITIES BY PREVENTING ILLNESS, RESTORING HEALTH AND PROVIDING COMFORT THROUGH EXCEPTIONAL PEOPLE DELIVERING EXCEPTIONAL 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $248,879

Program Service Revenue $403,086,025

Investment Income $-115,739

Other Revenue $5,846,047

TOTAL REVENUE $409,065,212

Expense Breakdown

Grants Paid $620

Salaries & Benefits $123,007,397

Fundraising Expenses $0

Program Expenses $325,891,630

Other Expenses $239,093,725

TOTAL EXPENSES $362,101,742

Year-over-Year Comparison

	2023	2022	Change
Revenue	$409,065,212	$376,242,521	+0.1%
Expenses	$362,101,742	$329,282,769	+0.1%
Net Income	$46,963,470	$46,959,752	+0.0%

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

Financial Distress Indicator

Liquidity & Cash Position

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

Governance

Voting Members

Independent Members

Employees

2643

Volunteers

N/A

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

$8,473,239

Total Directors

$1,990,921

Key Employees

$842,199

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAGLE MD MARY JO	PRESIDENT & CEO	0.0	Officer Director	$0	$90,745	$1,678,281
PRIEST MD MARLON	EXE VP & ASST SEC THRU 02/24	0.0	Officer	$0	$82,340	$984,905
EATON MANDY	CHIEF OPERATING OFFICER	0.0	Officer	$0	$79,400	$940,578
HAMMOCK PRESTON	SVP & PRESIDENT MOSES CONE HOS	0.0	Key Emp	$0	$76,546	$842,199
BARROW ANDREW	CFO & SECRETARY	0.0	Officer	$0	$91,844	$810,934
AKIN TERRENCE	FORMER PRESIDENT & CEO	0.0		$0	$8,597	$743,891
CARTER ROBERT	SVP & CHIEF LEGAL COUNSEL	0.0	Officer	$0	$83,480	$647,139
MILLER JOHN	CFO & TREASURER	0.0	Officer	$0	$119,314	$606,686
CORNUE CHRISTOPHER	EXECUTIVE VP & ASSISTANT SECRE	0.0	Officer	$0	$35,203	$549,878
GORDON MARK	SVP & REGIONAL PRESIDENT NORTH	40.0	Highest	$442,531	$87,892	$530,423
ADAMOLEKUN MICHELLE	EXECUTIVE VP & ASSISTANT SECRE	0.0	Officer	$0	$78,087	$510,542
REMPHER KENNETH	FORMER EXE VP & ASST SECRETARY	0.0		$0	$2,378	$497,645
ANTRUM DNP VI-ANNE	EXECUTIVE VP & ASSISTANT SECRE	0.0	Officer	$0	$34,628	$488,507
CLAPACS MD JOHN	PHYSICIAN	40.0	Highest	$341,375	$71,041	$412,416
RAVISHANKAR JAYASHREE	PHYSICIAN	40.0	Highest	$280,043	$80,195	$360,238
HERRICK RICHARD	PHYSICIAN	40.0	Highest	$264,254	$48,769	$313,023
STUCKEY MD THOMAS	TRUSTEE	0.0	Director	$0	$87,957	$312,640
NELMS JASON	VP & ASSISTANT TREASURER	0.0	Officer	$0	$30,460	$296,104
FORTNEY CATHARINE	VP & CHIEF COMPLIANCE OFFICER	0.0	Officer	$0	$32,968	$289,932
MORAN VICKI	VP OPRERATIONS ARMC	40.0	Highest	$279,076	$7,850	$286,926
HAYWOOD MEHEE	ASSISTANT TREASURER	0.0	Officer	$0	$84,727	$233,614
SMITH RENE'	ASSISTANT TREASURER	0.0	Officer	$0	$30,311	$224,120
KITZMILLER DAVID	ASSISTANT TREASURER	0.0	Officer	$0	$45,422	$212,019
ROSKELLY JAMES	EXECUTIVE VP & ASSISTANT SECRE	0.0		$0	$564	$48,941
BOYLSTON MD YUN	TRUSTEE	0.0	Director	$0	$0	$0
BRANDON MD ASHLEY	TRUSTEE	0.0	Director	$0	$0	$0
CAMPBELL PHD LENORA	TRUSTEE	0.0	Director	$0	$0	$0
CHANDLER THOMAS	TRUSTEE	0.0	Director	$0	$0	$0
CONE EDWARD	TRUSTEE	0.0	Director	$0	$0	$0
DONNELLY ABBY	TRUSTEE	0.0	Director	$0	$0	$0
DOUGLAS MAE	CHAIR	0.0	Officer Director	$0	$0	$0
FRENCH DAVID	TRUSTEE	0.0	Director	$0	$0	$0
GONZALEZ MARIA	TRUSTEE	0.0	Director	$0	$0	$0
HAYES WILLIAM	VICE CHAIR	0.0	Officer Director	$0	$0	$0
MCIVOR WILLIAM	TRUSTEE	0.0	Director	$0	$0	$0
SAMET ARTHUR	TRUSTEE	0.0	Director	$0	$0	$0
STRINGER MD ARTHUR	TRUSTEE	0.0	Director	$0	$0	$0

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	No data	No data	No data	No data
2024	$409,065,212	$362,101,742	$762,656,102	$46,963,470
2023	$376,242,521	$329,282,769	$720,022,433	$46,959,752
2022	$368,414,983	$344,461,254	$672,468,701	$23,953,729
2021	$357,153,481	$302,467,705	$666,232,507	$54,685,776
2020	$318,447,646	$283,834,122	$615,798,253	$34,613,524
2019	$318,053,457	$285,983,000	$548,000,428	$32,070,457
2019	$318,053,457	$285,983,000	$548,000,428	$32,070,457
2018	$283,710,877	$247,565,163	$525,475,901	$36,145,714

ALAMANCE REGIONAL MEDICAL CENTER INC