THE MOSES H CONE MEMORIAL HOSPITAL

EIN: 560532302 501(c)(3) Health Care

GREENSBORO, NC

Total Revenue
$109,379,178
Total Expenses
$118,008,473
Total Assets
$2,174,038,059
Net Assets
$616,624,532
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1911
Legal Domicile
NC
Principal Officer
MARY JO CAGLE
Phone
3368327000
Tax Period
2023-10-01 to 2024-09-30

THE MOSES H CONE MEMORIAL HOSPITAL, founded in 1911, is a major nonprofit in the Health Care sector that reported $109.4M in total revenue in fiscal year 2023. Revenue surged 126% from the prior year, signaling strong growth momentum. Net assets of $616.6M represent 68 months of operating reserves.

Mission

STRATEGIC OVERSIGHT AND SUPPORT OF SUBSIDIARY CORPORATIONS WITHIN CONE HEALTH SYSTEM, A PROVIDER OF HEALTH CARE SERVICES TO THE COMMUNITY

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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 $1,875
Program Service Revenue $59,154,220
Investment Income $50,222,953
Other Revenue $130
TOTAL REVENUE $109,379,178

Expense Breakdown

Grants Paid $10,250
Salaries & Benefits $14,976,687
Fundraising Expenses $0
Program Expenses $106,208,651
Other Expenses $103,021,536
TOTAL EXPENSES $118,008,473

Year-over-Year Comparison

2023 2022 Change
Revenue $109,379,178 $48,371,259 +1.3%
Expenses $118,008,473 $115,784,839 +0.0%
Net Income $-8,629,295 $-67,413,580 -0.9%
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
15
Independent Members
8
Employees
297
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
17
$8,840,276
Total Directors
26
$4,154,495
Key Employees
0
$0
Highest Compensated
5
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 EVP & ASS SEC (TERM 2/16/24) 0.0
Officer
$0 $82,340 $984,905
EATON MANDY CHIEF OPERATING OFFICER 0.0
Officer Director
$0 $79,400 $940,578
BARROW ANDREW CFO & SECRETARY 0.0
Officer
$0 $91,844 $810,934
AKIN TERRENCE PRESIDENT & CHIEF EXECUTIVE 0.0
$0 $8,597 $743,891
CARTER ROBERT SVP & CHIEF LEGAL COUNSEL 0.0
Officer
$0 $83,480 $647,139
MILLER JOHN CIO & TREASURER 40.0
Officer
$487,372 $119,314 $606,686
CORNUE CHRISTOPHER EXECUTIVE VP & ASST. SECRETARY 0.0
Officer
$0 $35,203 $549,878
JEGEDE MD OLU TRUSTEE 0.0
Director
$0 $40,273 $523,811
ADAMOLEKUN MICHELLE EXECUTIVE VP & ASST. SECRETARY 0.0
Officer
$0 $78,087 $510,542
REMPHER KENNETH EXECUTIVE VP & ASST. SECRETARY 0.0
$0 $2,378 $497,645
ANTRUM DNP VI-ANNE EXECUTIVE VP & ASST. SECRETARY 0.0
Officer
$0 $34,628 $488,507
HODGES MD BETH CMO & TRUSTEE 40.0
Officer Director
$325,984 $41,053 $367,037
STUCKEY MD THOMAS TRUSTEE 0.0
Director
$0 $87,957 $312,640
READE ROBERT MEDICAL DIRECTOR, THN 40.0
Highest
$228,578 $79,430 $308,008
WRIGHT MD PATRICK CHAIRMAN, TRUSTEE 0.0
Director
$0 $68,284 $303,767
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
HAYWOOD MEHEE ASS TREASURER (TERM 3/31/24) 40.0
Officer
$148,887 $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
PARK HANNA EXECUTIVE DIRECTOR 40.0
Highest
$178,614 $19,990 $198,604
RUMPLE RHONDA DIRECTOR 40.0
Highest
$166,717 $30,416 $197,133
BRADISH KAREN DIRECTOR 40.0
Highest
$153,929 $24,997 $178,926
TAMBORINO NORINE DIRECTOR 40.0
Highest
$131,720 $27,858 $159,578
MINNICK JULIE CHIEF ADMIN OFFICER, TRUSTEE 0.0
$0 $1,782 $110,850
GRAVES MD JOHN TRUSTEE 0.0
Director
$0 $7,287 $28,381
JONES JEFFREY CFO & SECRETARY 0.0
$0 $0 $12,334
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
CASSELL BILL 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
MATTERN MD CHRISTOPHER TRUSTEE 0.0
Director
$0 $0 $0
MCIVOR WILLIAM TRUSTEE 0.0
Director
$0 $0 $0
ROSS MD CHARLES ALAN TRUSTEE 0.0
Director
$0 $0 $0
SAMET ARTHUR TRUSTEE 0.0
Director
$0 $0 $0
SHAW MD DOUG TRUSTEE 0.0
Director
$0 $0 $0
SHELL JEFF TRUSTEE 0.0
Director
$0 $0 $0
STEINL MD KEVIN 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 $109,379,178 $118,008,473 $2,174,038,059 $-8,629,295
2023 $48,371,259 $115,784,839 $1,987,191,994 $-67,413,580
2022 $129,966,266 $116,329,140 $1,926,005,479 $13,637,126
2021 $146,460,394 $132,115,003 $1,825,799,942 $14,345,391
2020 $191,496,344 $142,024,026 $1,808,997,657 $49,472,318
2019 $91,143,150 $113,773,543 $1,571,597,385 $-22,630,393
2018 $164,512,041 $123,128,566 $1,581,756,953 $41,383,475
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