Columbus Regional Healthcare System

EIN: 560538020 501(c)(3) Health Care

Whiteville, NC

Total Revenue
$161,394,934
Total Expenses
$143,088,774
Total Assets
$230,009,933
Net Assets
$183,490,122
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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
NC
Phone
9106421703
Tax Period
2023-10-01 to 2024-09-30

Columbus Regional Healthcare System, founded in 1937, is a major nonprofit in the Health Care sector that reported $161.4M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $143.1M left a modest 11% surplus.

Mission

SERVING THE CITIZENS BY PROVIDING COMMUNITY SERVICES, HEALTH EDUCATION, AND CHARITY 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 (2023)

Revenue Breakdown

Contributions & Grants $79,524
Program Service Revenue $160,402,501
Investment Income $815,611
Other Revenue $97,298
TOTAL REVENUE $161,394,934

Expense Breakdown

Grants Paid $42,998
Salaries & Benefits $44,189,961
Fundraising Expenses $3,263
Program Expenses $121,274,494
Other Expenses $98,855,815
TOTAL EXPENSES $143,088,774

Year-over-Year Comparison

2023 2022 Change
Revenue $161,394,934 $138,112,354 +0.2%
Expenses $143,088,774 $129,893,199 +0.1%
Net Income $18,306,160 $8,219,155 +1.2%
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

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Governance

Voting Members
8
Independent Members
7
Employees
772
Volunteers
15

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
4
$797,091
Total Directors
8
$14,700
Key Employees
1
$221,109
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dr Sam Wheatley CMO 12.0
Officer Director
$14,700 $0 $14,700
Terray Suggs Chairman 1.0
Officer Director
$0 $0 $0
Andy Martin Trustee 1.0
Director
$0 $0 $0
Brent Watts Trustee 1.0
Director
$0 $0 $0
Carl Meares Jr Trustee 1.0
Director
$0 $0 $0
Chris Smith Trustee 1.0
Director
$0 $0 $0
Dr John Schultz Trustee 1.0
Director
$0 $0 $0
Freda Gore Trustee 1.0
Director
$0 $0 $0
M Jeffery Armstrong CFO 60.0
Officer
$259,524 $31,764 $291,288
W Jason Beck CEO 60.0
Officer
$439,543 $51,560 $491,103
Rachel Dunbar COO 40.0
Key Emp
$197,751 $23,358 $221,109
Gloria Miller CRNA 40.0
Highest
$249,837 $13,901 $263,738
Heather Hinson CRNA 40.0
Highest
$251,129 $270 $251,399
Jeffrey Savage CRNA 40.0
Highest
$347,479 $23,862 $371,341
Robin Hodge CRNA 40.0
Highest
$365,531 $23,502 $389,033
William Dicks RN 40.0
Highest
$206,015 $21,326 $227,341
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 $161,394,934 $143,088,774 $230,009,933 $18,306,160
2023 $138,112,354 $129,893,199 $208,090,810 $8,219,155
2022 $129,358,830 $117,176,545 $198,324,168 $12,182,285
2021 $134,524,668 $123,067,318 $197,969,739 $11,457,350
2020 $102,563,188 $98,115,013 $192,974,818 $4,448,175
2019 $101,039,621 $98,222,316 $163,126,286 $2,817,305
2018 $98,332,898 $92,954,658 $158,966,151 $5,378,240
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