LEXINGTON MEDICAL CENTER

EIN: 560543238 501(c)(3) Health Care

LEXINGTON, NC

Total Revenue
$153,347,295
Total Expenses
$135,551,068
Total Assets
$182,329,717
Net Assets
$177,107,799
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Financial Trends

Organization Details

Formation Year
1954
Legal Domicile
NC
Principal Officer
CHAD BROWN
Phone
3367164445
Tax Period
2023-01-01 to 2023-12-31

LEXINGTON MEDICAL CENTER, founded in 1954, is a major nonprofit in the Health Care sector that reported $153.3M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $135.6M left a modest 12% surplus.

Mission

LEXINGTON MEDICAL CENTER (DBA ATRIUM HEALTH WAKE FOREST BAPTIST LEXINGTON MEDICAL CENTER, AT TIMES ALSO REFERRED TO AS THE "HOSPITAL OR "AHWFB-LMC OR "THE FILING ORGANIZATION") IS AN INTEGRAL PART OF ATRIUM HEALTH WAKE FOREST BAPTIST (AT TIMES ALSO REFERRED TO AS "AHWFB"), A PREEMINENT LEARNING HEALTH SYSTEM AND ACADEMIC MEDICAL CENTER OF THE HIGHEST QUALITY WITH BALANCED EXCELLENCE IN PATIENT CARE, RESEARCH AND EDUCATION THAT PROMOTES BETTER HEALTH FOR ALL THROUGH COLLABORATION, EXCELLENCE, AND INNOVATION. AHWFB'S MISSION IS TO IMPROVE HEALTH, ELEVATE HOPE, AND ADVANCE HEALING FOR ALL. AHWFB'S VISION IS TO BE THE FIRST AND BEST CHOICE FOR CARE.

Program Service Accomplishments

Program 1
Expenses: $126,295,720 Revenue: $152,491,981

THE ORGANIZATION OPERATES A 94 ACUTE CARE BED HOSPITAL WITH SPECIALTY SERVICES THAT INCLUDE ORTHOPEDIC SURGERY, GENERAL SURGERY, ENT/HEAD AND NECK SURGERY, AND CANCER CARE. LEXINGTON MEDICAL CENTER'S...

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THE ORGANIZATION OPERATES A 94 ACUTE CARE BED HOSPITAL WITH SPECIALTY SERVICES THAT INCLUDE ORTHOPEDIC SURGERY, GENERAL SURGERY, ENT/HEAD AND NECK SURGERY, AND CANCER CARE. LEXINGTON MEDICAL CENTER'S OUTPATIENT EXPERTISE INCLUDES DIGESTIVE HEALTH SERVICES, A STATE-OF-THE-ART REHABILITATION DEPARTMENT, A DIAGNOSTIC IMAGING CENTER, AND WOUND CARE CENTER. ITS COMMITMENT IS TO EDUCATE, DIAGNOSE, AND PROVIDE CARE AND TREATMENT TO THE RESIDENTS OF DAVIDSON COUNTY, NORTH CAROLINA, AND SURROUNDING AREAS. THE ORGANIZATION SERVES AS A SATELLITE PROVIDER OF ATRIUM HEALTH WAKE FOREST BAPTIST (AHWFB) SPECIALTY SERVICES AND IS ACCREDITED BY THE JOINT COMMISSION ON ACCREDITATION OF HEALTHCARE ORGANIZATIONS AND HAS BEEN COMMITTED TO SERVING THE HEALTHCARE NEEDS OF DAVIDSON COUNTY SINCE THE 1920S. DURING CALENDAR YEAR 2023, THE HOSPITAL FACILITY HAD APPROXIMATELY 14,300 PATIENT DAYS, INCLUDING APPROXIMATELY 3,475 ADMISSIONS, AND APPROXIMATELY 35,600 EMERGENCY DEPARTMENT VISITS. THE ORGANIZATION PROVIDES NUMEROUS RESOURCES, ACTIVITIES, AND PROGRAMS TO SERVE THE HEALTH NEEDS OF ITS COMMUNITY. THESE PROGRAMS INCLUDE: -- BESTHEALTH A COMMUNITY WELLNESS OUTREACH PROGRAM OF AHWFB OFFERS HEALTH SEMINARS, SCREENINGS, COOKING AND FITNESS CLASSES, ONLINE HEALTH RESOURCES, AND A MEMBERSHIP PROGRAM WITH SPECIAL BENEFITS. SEMINARS LED BY EXPERTS FROM AHWFB PROVIDE THE LATEST INFORMATION ABOUT A VARIETY OF HEALTH TOPICS IN TALKS HELD AT CONVENIENT LOCATIONS THROUGHOUT THE COMMUNITY. MEMBERSHIP BENEFITS INCLUDE FREE HEALTH SCREENINGS, WELLNESS CHALLENGES, DISCOUNTS TO PARTICIPATING LOCAL MERCHANTS, E-NEWSLETTERS, AND PRIORITY NOTIFICATION OF EVENTS AND PROGRAMS. --FAITHHEALTHNC AN INITIATIVE THAT CONNECTS THE CARING STRENGTHS OF CONGREGATIONS, THE CLINICAL EXPERTISE OF PROVIDERS, AND A NETWORK OF COMMUNITY RESOURCES TO EASE THOSE ON THE JOURNEY TO HEALTH AND HEALING WHILE STRENGTHENING COMMUNITIES IN THE PROCESS. THERE ARE FAITHHEALTH CONNECTORS IN DAVIDSON COUNTY THAT SERVE MARGINALIZED POPULATIONS AND GIVE VOICE TO HEALTH DISPARITIES IN THE COMMUNITIES SURROUNDING THE MEDICAL CENTER. -- CHRONIC DISEASE SELF-MANAGEMENT PROGRAMS ONE OF THE SELF-MANAGEMENT PROGRAMS IS THE DIABETES EDUCATION PROGRAM THAT HELPS PEOPLE WITH DIABETES UNDERSTAND AND MANAGE THE DISEASE. THESE CLASSES ARE TAUGHT BY A REGISTERED DIETITIAN AND A REGISTERED NURSE WHO HELP INDIVIDUALS SET GOALS FOR MANAGING THE DISEASE AND MAINTAINING HEALTH AND WELL-BEING. THIS PROGRAM IS RECOGNIZED BY THE AMERICAN DIABETES ASSOCIATION. -- TELESTROKE NETWORK & STROKE AWARENESS SEMINARS THE TELESTROKE NETWORKS PROVIDES ACCESS TO STROKE CARE FOR PATIENTS IN SMALLER COMMUNITIES, LEXINGTON MEDICAL CENTER. EMERGENCY ROOM PHYSICIANS AT THE HOSPITAL AND THEIR STROKE PATIENTS RECEIVE ON-DEMAND CONSULTATIONS WITH AN AHWFB STROKE NEUROLOGIST BY USING A SPECIAL MOBILE ROBOT UNIT, EQUIPPED WITH VIDEO CONFERENCING. THE STROKE EXPERT CAN EVALUATE THE PRESENCE OR SEVERITY OF A STROKE AND ASSIST IN DETERMINING THE BEST TREATMENT PLAN. AHWFB INCREASED STROKE AWARENESS IN THE HOSPITALS' LOCAL COMMUNITIES BY PROVIDING STROKE EDUCATION THROUGH THE ROBOT TO HIGH SCHOOL STUDENTS, OLDER ADULTS, AND INTERNATIONAL STUDENTS. AHWFB ALSO PROVIDES AN ADVANCED STROKE LIFE SUPPORT COURSE AND CERTIFICATION TO EMERGENCY DEPARTMENT STAFF AND LOCAL EMS AGENCIES. -- CAREGIVER ACADEMY A PROGRAM OFFERING FREE CLASSES TO EDUCATE THE COMMUNITY ON HOW TO PREPARE FOR CAREGIVING AND ASSISTING FOR LOVED ONES, INCLUDING FINDING THE RIGHT RESOURCES, BEING YOUR OWN HEALTH CARE ADVOCATE, AND DEALING WITH THE PAPERWORK AND FINANCIAL BURDENS. -- ATHLETIC TRAINERS A CERTIFIED ATHLETIC TRAINER (ATC), PROVIDED BY AHWFB, WORKS FULL-TIME AT LEXINGTON SENIOR HIGH SCHOOL. THE ATC WORKS WITH STUDENT ATHLETES AND THEIR COACHES TO HELP KEEP THE ATHLETES SAFE AND HEALTHY AND TO TREAT AND HELP REHABILITATE SPORTS-RELATED INJURIES. -- HEALTHCARE APPRENTICESHIPS AHWFB PARTNERS WITH DAVIDSON-DAVIE COMMUNITY COLLEGE TO OFFER THE LARGEST HEALTHCARE APPRENTICESHIP PROGRAM IN NORTH CAROLINA. STUDENTS CAN WORK IN A HEALTHCARE PROFESSION WHILE TAKING COURSES RELATED TO THEIR CAREER GOALS. COURSES ARE AVAILABLE FOR THE FOLLOWING HEALTHCARE PROFESSIONS: MEDICAL ASSISTING, MEDICAL LABORATORY TECHNOLOGY, NURSING, LICENSED PRACTICAL NURSING, PHARMACY TECHNOLOGY, CENTRAL STERILE PROCESSING, SURGICAL TECHNOLOGY, AND NURSE AIDE. THIS PARTNERSHIP BUILDS OFF THE SUCCESS OF NORTH CAROLINA'S FIRST REGISTERED NURSE APPRENTICESHIP PROGRAM, ALSO A COLLABORATION BETWEEN THE COMMUNITY COLLEGE AND AHWFB. THIS NEW COLLABORATION EXPANDS APPRENTICESHIP OPPORTUNITIES TO OTHER CRITICAL HEALTHCARE FIELDS. IT NOT ONLY OFFERS STRUCTURE THAT SUPPORTS AND GROWS THE PIPELINE OF HEALTH CARE LEARNERS BUT ALSO AFFORDS THE UNIQUE OPPORTUNITY TO ENGAGE IN NEW THOUGHTS REGARDING MODELS OF CARE DESIGN AND LEVERAGE THE ACADEMIC LEARNING HEALTHCARE SYSTEM. IN ADDITION TO COMMUNITY PROGRAMS, THE HOSPITAL REGULARLY REINVESTS FUNDS IN MEDICAL TECHNOLOGIES AND STATE-OF-THE-ART EQUIPMENT TO BETTER MEET THE NEEDS OF THE COMMUNITY. LEXINGTON MEDICAL CENTER HAS A DA VINCI XI SURGICAL SYSTEM WHICH ALLOWS THE HOSPITAL TO OFFER MINIMALLY INVASIVE SURGERY, COMBINING THE LATEST ASSISTED SURGICAL TECHNOLOGIES THAT ALLOWS FOR EASIER ACCESS TO TARGETED AREAS. ADVANTAGES OF THIS TECHNOLOGY INCLUDE LESS BLOOD LOSS, PAIN, AND SCARING AND FASTER RECOVERY AND LESS TIME IN THE HOSPITAL. ATRIUM HEALTH WAKE FOREST BAPTIST LAUNCHED A NEW VIRTUAL SERVICE TO BETTER AND MORE QUICKLY MEET THE NEEDS OF PATIENTS HOSPITALIZED AT THE HEALTH SYSTEM'S HOSPITALS IN NORTH WILKESBORO AND LEXINGTON. IN 2023, AHWFB BEGAN INSTALLING WALK-THROUGH METAL DETECTORS AT EMERGENCY DEPARTMENTS ACROSS THE HEALTH SYSTEM, INCLUDING LEXINGTON MEDICAL CENTER. THE REGISTRATION AND METAL SCREENING PROCESSES ARE PART OF AN OVERALL STRATEGY TO CREATE A SAFER ENVIRONMENT BY MINIMIZING THE OPPORTUNITY FOR VIOLENT EVENTS INVOLVING WEAPONS. AMNESTY BOXES ARE ALSO INSTALLED OUTSIDE OF THE EMERGENCY DEPARTMENT FOR PATIENTS AND VISITORS TO VOLUNTARILY DISCARD PROHIBITED ITEMS, SUCH AS KNIVES AND FIREARMS, BEFORE THEY ENTER.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $168,984
Program Service Revenue $152,514,500
Investment Income $24
Other Revenue $663,787
TOTAL REVENUE $153,347,295

Expense Breakdown

Grants Paid $400
Salaries & Benefits $63,369,945
Fundraising Expenses $0
Program Expenses $126,295,720
Other Expenses $72,180,723
TOTAL EXPENSES $135,551,068

Year-over-Year Comparison

2023 2022 Change
Revenue $153,347,295 $141,675,403 +0.1%
Expenses $135,551,068 $127,870,268 +0.1%
Net Income $17,796,227 $13,805,135 +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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Governance

Voting Members
19
Independent Members
13
Employees
N/A
Volunteers
30

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
5
$2,184,390
Total Directors
18
$3,263,301
Key Employees
1
$298,396
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRADLEY A CLARK TREASURER 0.50
Officer
$1,431,976 $145,795 $1,577,771
MICK FISHER DIRECTOR 2.00
Director
$0 $41,049 $928,993
MICHAEL T WAID DIRECTOR 0.80
Director
$0 $57,880 $855,814
D BRANDON CHAPMAN MD DIRECTOR 2.00
Director
$0 $58,420 $640,893
WILLIAM B JAMES DIRECTOR & PRESIDENT 38.00
Officer Director
$0 $51,951 $520,332
DANNY SQUIRES FINANCE DIRECTOR 19.00
Key Emp
$0 $39,229 $298,396
JACOB FREEMAN CHIEF NURSING OFFICER 40.00
Highest
$0 $38,929 $264,908
KARIN MABE DIRECTOR (TO 3/31/23) 2.20
Director
$0 $17,041 $216,975
SARAH MONTELEONE INTERNAL TEMP NURSE 40.00
Highest
$0 $0 $210,827
JASON BYERS INTERNAL TEMP NURSE 40.00
Highest
$0 $0 $189,493
LEANDRA FOSTER STAFF NURSE II 40.00
Highest
$0 $0 $186,581
ALANNA BARBEE STAFF NURSE II 40.00
Highest
$0 $0 $183,728
NICOLE PEDERSON SMITH DIRECTOR 2.00
Director
$0 $25,667 $100,294
DENISE HEGE SECRETARY 38.00
Officer
$0 $15,858 $86,287
TAMMY ABSHER DIRECTOR 2.00
Director
$0 $0 $0
ROSALIND BAKER DIRECTOR 2.00
Director
$0 $0 $0
ROBIN TEAM JR DIRECTOR 2.00
Director
$0 $0 $0
ROBERT EVANS MD DIRECTOR 2.00
Director
$0 $0 $0
REV DR RAY HOWELL DIRECTOR 4.00
Director
$0 $0 $0
NINA SMITH VICE CHAIR 2.00
Officer Director
$0 $0 $0
MICHAEL HOLSHOUSER CHAIR 2.00
Officer Director
$0 $0 $0
LILLIAN KOONTZ DIRECTOR 2.00
Director
$0 $0 $0
HOLLY MYERS DIRECTOR 2.00
Director
$0 $0 $0
GORDON KAMMIRE MD DIRECTOR 2.00
Director
$0 $0 $0
DEBBY BROWN DIRECTOR 2.00
Director
$0 $0 $0
CHARLES MILLER DIRECTOR 2.00
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
2023 $153,347,295 $135,551,068 $182,329,717 $17,796,227
2022 $141,675,403 $127,870,268 $165,612,388 $13,805,135
2021 $69,430,267 $60,350,766 $152,444,674 $9,079,501
2021 $136,105,263 $119,400,069 $141,880,214 $16,705,194
2020 $125,126,706 $114,389,839 $126,269,827 $10,736,867
2019 $119,691,807 $104,272,819 $117,467,580 $15,418,988
2018 $112,499,121 $100,366,327 $101,225,676 $12,132,794
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