Pitt County Memorial Hospital Inc

EIN: 560585243 501(c)(3) Health Care

GREENVILLE, NC

Total Revenue
$2,119,330,764
Total Expenses
$1,880,251,194
Total Assets
$1,651,597,802
Net Assets
$1,238,428,792
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1953
Legal Domicile
NC
Principal Officer
Jay Briley
Phone
2528477479
Tax Period
2023-10-01 to 2024-09-30

Pitt County Memorial Hospital Inc, founded in 1953, is a large national nonprofit in the Health Care sector that reported $2.1B in total revenue in fiscal year 2023. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $1.9B left a modest 11% surplus.

Mission

TO IMPROVE THE HEALTH AND WELL-BEING OF EASTERN NORTH CAROLINA.

Program Service Accomplishments

Program 1
Expenses: $653,217,739 Revenue: $608,500,017

CANCER AND CLINICAL SERVICES: PCMH (D/B/A ECU HEALTH MEDICAL CENTER) CANCER SERVICES INCLUDE THE MOST ADVANCED TREATMENTS FOR THE PEOPLE OF EASTERN NORTH CAROLINA. WE USE THE LATEST TECHNOLOGIES...

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CANCER AND CLINICAL SERVICES: PCMH (D/B/A ECU HEALTH MEDICAL CENTER) CANCER SERVICES INCLUDE THE MOST ADVANCED TREATMENTS FOR THE PEOPLE OF EASTERN NORTH CAROLINA. WE USE THE LATEST TECHNOLOGIES, INCLUDING GAMMA KNIFE RADIOSURGERY, AVAILABLE TO OUR EXPERT MEDICAL STAFF, NURSES AND THERAPISTS. COMBINING NATIONAL TREATMENT PROTOCOLS AND THE HIGHEST STANDARDS OF CLINICAL QUALITY, OUR TEAM OF SPECIALISTS TAKE CARE OF THOUSANDS OF PATIENTS EACH YEAR. IN CANCER AND CLINICAL SERVICES DURING FISCAL YEAR 2024, ECU HEALTH MEDICAL CENTER PERFORMED 3,178,570 LAB TESTS, 151,683 RADIOLOGY CASES, 4,050 PET SCANS, 868 GAMMA KNIFE CASES, AND 189,796 RESPIRATORY TREATMENTS.

Program 2
Expenses: $440,904,281 Revenue: $451,724,125

SURGICAL SERVICES: SURGEONS AT ECU HEALTH MEDICAL CENTER ARE LEADERS IN THEIR FIELDS. OUR BARIATRIC SURGEONS WERE PIONEERS OF GASTRIC BYPASS SURGERY. OTHER AREAS OF SURGICAL EMPHASIS INCLUDE...

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SURGICAL SERVICES: SURGEONS AT ECU HEALTH MEDICAL CENTER ARE LEADERS IN THEIR FIELDS. OUR BARIATRIC SURGEONS WERE PIONEERS OF GASTRIC BYPASS SURGERY. OTHER AREAS OF SURGICAL EMPHASIS INCLUDE ORTHOPEDICS, CARDIOTHORACIC, GYNECOLOGY, TRAUMA AND GENERAL SURGERY. ECU HEALTH MEDICAL CENTER SURGICAL SERVICES PERFORMED 27,385 SURGERIES IN FISCAL YEAR 2024.

Program 3
Expenses: $242,049,425 Revenue: $250,453,505

CARDIOVASCULAR SERVICES: ECU HEALTH MEDICAL CENTER PROVIDES PATIENTS WITH THE LATEST TREATMENTS AND TECHNOLOGY AVAILABLE. WE HAVE NATIONALLY AND INTERNATIONALLY RECOGNIZED PHYSICIANS AT THE EAST...

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CARDIOVASCULAR SERVICES: ECU HEALTH MEDICAL CENTER PROVIDES PATIENTS WITH THE LATEST TREATMENTS AND TECHNOLOGY AVAILABLE. WE HAVE NATIONALLY AND INTERNATIONALLY RECOGNIZED PHYSICIANS AT THE EAST CAROLINA HEART INSTITUTE, PERFORMING DELICATE HEART SURGERIES AND PROCEDURES USING THE DAVINCI ROBOT. OUR HEART AND VASCULAR SERVICES INCLUDE: STENTS, IMAGING STUDIES, PACEMAKER PLACEMENT, ABLATION, ROBOT-ASSISTED HEART SURGERY, AND HEART FAILURE PROGRAMS. THESE AND MANY MORE SERVICES ARE PROVIDED AT THE EAST CAROLINA HEART INSTITUTE AT ECU HEALTH MEDICAL CENTER, THE FIRST FACILITY IN NORTH CAROLINA DEVOTED EXCLUSIVELY TO EDUCATION, RESEARCH, TREATMENT AND PREVENTION OF CARDIOVASCULAR DISEASES. CARDIOVASCULAR SERVICES PERFORMED 89,373 EKGS.

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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 $2,322,433
Program Service Revenue $1,987,784,324
Investment Income $35,648,020
Other Revenue $93,575,987
TOTAL REVENUE $2,119,330,764

Expense Breakdown

Grants Paid $1,061,888
Salaries & Benefits $670,055,452
Fundraising Expenses $0
Program Expenses $1,754,341,973
Other Expenses $1,209,133,854
TOTAL EXPENSES $1,880,251,194

Year-over-Year Comparison

2023 2022 Change
Revenue $2,119,330,764 $1,765,160,562 +0.2%
Expenses $1,880,251,194 $1,643,233,968 +0.1%
Net Income $239,079,570 $121,926,594 +1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
20
Independent Members
17
Employees
15705
Volunteers
646

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
6
$3,430,677
Total Directors
20
$1,847,726
Key Employees
7
$2,576,183
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL WALDRUM MD CHIEF EXECUTIVE OFFICER 2.0
Director
$0 $368,120 $1,745,901
WILLIAM FLOYD THRU 1223 COO/PRESIDENT 40.0
Officer
$819,034 $259,617 $1,078,651
DAPHNE BREWINGTON SVP, NURSING EXCELLENCE 40.0
$381,803 $577,277 $959,080
JAY BRILEY AS OF 0124 PRES., ECUH COMM HOSP/ECUHMC 2.0
Officer
$0 $175,853 $688,173
TRISH BAISE CHIEF NURSE EXECUTIVE 2.0
Officer
$0 $119,736 $629,039
VAN SMITH THRU 1223 EVP, OPS. ECUHMC/PRES., ECUH 40.0
Officer
$397,137 $180,449 $577,586
WALTER POFAHL SVP, MEDICAL AFFAIRS 40.0
Key Emp
$433,901 $85,980 $519,881
BOBBY DUNN SVP, FINANCE 2.0
Officer
$0 $87,663 $457,228
JEFFERY DIAL VP, OPERATIONS 0.0
$0 $154,758 $445,467
DEBRA HERNANDEZ SVP, SYSTEM EMERGENCY SERVICES 40.0
Key Emp
$338,593 $95,506 $434,099
TERESA ANDERSON VP, QUALITY 0.0
$0 $130,585 $404,926
STEPHEN TRIPP VP, PERIOPERATIVE SVCS AND SMS 0.0
$0 $145,747 $403,741
JAMES WORDEN JR SYS ADMIN, PHARMACY SVC LINE 40.0
Highest
$251,178 $143,766 $394,944
KIMBERLY CRICKMORE OSBORNE VP, WOMENS & CHILDRENS SVS 40.0
Key Emp
$253,434 $137,723 $391,157
LOUIS HARLOW SVP, ALLIED HEALTH SYSTEM 40.0
Key Emp
$327,479 $54,122 $381,601
WENDY LEUTGENS SVP, PERIOPERATIVE SERVICES 40.0
Key Emp
$278,400 $57,422 $335,822
TRACY ESKRA PHYSICIAN 0.0
$0 $54,525 $331,309
JACOB PARRISH VP, CAPACITY & THROUGHPUT 40.0
Highest
$224,578 $89,704 $314,282
JENNIFER STYRON PHARMACIST IV 40.0
Highest
$241,201 $62,333 $303,534
DENNIS CAMPBELL PRESIDENT - BEAUFORT CAMPUS 40.0
Key Emp
$211,684 $65,888 $277,572
TERESA CRANDOL STAFF NURSE IV 40.0
Highest
$240,451 $0 $240,451
JULIE FORBES VP, PATIENT CARE SERVICES 40.0
Key Emp
$180,655 $55,396 $236,051
TAMESIA VANN STAFF NURSE INTERNAL TRAVEL-NB 40.0
Highest
$234,417 $0 $234,417
DEBORAH DAVIS VICE CHAIR/CHAIR 2.0
Director
$0 $101,825 $101,825
CARLESTER CRUMPLER TREASURER/VICE CHAIR 2.0
Director
$0 $0 $0
DIANE TAYLOR SECRETARY 2.0
Director
$0 $0 $0
TONY KHOURY BOARD MEMBER/ASST. SECRETARY 2.0
Director
$0 $0 $0
VERN DAVENPORT ASST. SECRETARY/ASST. TREAS. 2.0
Director
$0 $0 $0
PHILLIP DIXON SR ASST. TREASURER/TREASURER 2.0
Director
$0 $0 $0
ANGELA ALLEN BOARD MEMBER 2.0
Director
$0 $0 $0
TONY CANNON BOARD MEMBER 2.0
Director
$0 $0 $0
DEMETRIUS CARTER BOARD MEMBER 2.0
Director
$0 $0 $0
MIKE FITZPATRICK BOARD MEMBER 2.0
Director
$0 $0 $0
PHIL GIBBS BOARD MEMBER 2.0
Director
$0 $0 $0
CHRISTOPHER JENKINS BOARD MEMBER 2.0
Director
$0 $0 $0
ROB JONES BOARD MEMBER 2.0
Director
$0 $0 $0
BRYANT KITTRELL BOARD MEMBER 2.0
Director
$0 $0 $0
MIKE MCLAUGHLIN MD BOARD MEMBER 2.0
Director
$0 $0 $0
WILLIAM MONK JR CHAIR/BOARD MEMBER 2.0
Director
$0 $0 $0
PHILIP ROGERS BOARD MEMBER 2.0
Director
$0 $0 $0
ANAND TEWARI MD BOARD MEMBER 2.0
Director
$0 $0 $0
DONALD THOMPSON BOARD MEMBER 2.0
Director
$0 $0 $0
MEGHAN HOOLEY AS OF 624 VP, ECUHMC FINANCIAL SERVICES 40.0
Officer
$0 $0 $0
JENNIFER THOMAS SVP, FINANCIAL SERVICES 0.0
$0 $-438,200 $-244,773
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 $2,119,330,764 $1,880,251,194 $1,651,597,802 $239,079,570
2023 $1,765,160,562 $1,643,233,968 $1,673,354,621 $121,926,594
2022 $1,622,708,952 $1,519,443,355 $1,659,082,607 $103,265,597
2021 $1,426,149,610 $1,317,066,727 $1,732,328,175 $109,082,883
2020 $1,383,470,656 $1,267,358,447 $1,573,138,998 $116,112,209
2019 $1,391,858,849 $1,284,596,619 $1,620,192,678 $107,262,230
2018 $1,280,648,564 $1,157,160,939 $1,567,639,062 $123,487,625
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