SILER CITY, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)CHATHAM HOSPITAL INC, founded in 1939, is a mid-sized nonprofit that reported $68.3M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $63.4M left a modest 7% surplus.
To support the health and well-being of those we serve through quality, equitable healthcare and to build partnerships within our diverse community.
CHATHAM HOSPITAL IS A 25-BED CRITICAL ACCESS HOSPITAL LOCATED IN SILER CITY, NC THAT IS PART OF THE UNC HEALTH SYSTEM. WITH A LONG HISTORY OF PROVIDING HIGH QUALITY HEALTH CARE TO THE RESIDENTS OF...
CHATHAM HOSPITAL IS A 25-BED CRITICAL ACCESS HOSPITAL LOCATED IN SILER CITY, NC THAT IS PART OF THE UNC HEALTH SYSTEM. WITH A LONG HISTORY OF PROVIDING HIGH QUALITY HEALTH CARE TO THE RESIDENTS OF CHATHAM AND SURROUNDING COUNTIES, CHATHAM HOSPITAL HAS RECEIVED MULTIPLE FIVE-STAR RATINGS FOR PATIENT EXPERIENCE FROM THE CENTERS FOR MEDICARE & MEDICAID SERVICES. THE HOSPITAL, ACCREDITED BY THE JOINT COMMISSION, PROVIDES SURGICAL, MEDICAL, PEDIATRIC, MATERNITY AND EMERGENCY SERVICES. COMMUNITY BASED OUTPATIENT SERVICES IN THE AREA OF DIABETES EDUCATION, LABORATORY, PHYSICAL THERAPY, OCCUPATIONAL THERAPY, SPEECH THERAPY, IMAGING, CARDIAC REHABILITATION AND PULMONARY REHABILITATION ARE ALSO OFFERED. AS A CRITICAL ACCESS HOSPITAL, CHATHAM HOSPITAL IS ABLE TO UTILIZE BEDS, TO NOT ONLY MEET THE NEEDS OF ACUTE PATIENT CARE, BUT TO ALSO PROVIDE POST-ACUTE CARE TO PATIENTS WHO NO LONGER REQUIRE ACUTE MEDICAL CARE, BUT NEED ADDITIONAL TIME AND CARE FOR STRENGTHENING AND RECOVERY BEFORE RETURNING HOME. THE 11-BED EMERGENCY DEPARTMENT PROVIDES FULL-SERVICE AROUND THE CLOCK CARE TO MORE THAN 1,370 ADULTS AND CHILDREN EACH MONTH. UNC HEALTH BASES AN ALS AMBULANCE ON THE GROUNDS OF CHATHAM HOSPITAL. IN SEPTEMBER 2020, CHATHAM HOSPITAL OPENED A $2.6 MILLION MATERNITY CARE CENTER. THE CHATHAM HOSPITAL MATERNITY CARE CENTER IS CLOSE TO HOME AND PROVIDES COMPASSIONATE AND EXPERT CARE FOR MOTHERS AND THEIR NEWBORNS. THE OPENING IS THE FIRST TIME SINCE 1992 THAT CHATHAM HOSPITAL HAS OFFERED MATERNITY SERVICES. DESPITE MANY RURAL HEALTHCARE FACILITIES CLOSING MATERNITY CARE WARDS ACROSS THE NATION, CHATHAM HOSPITAL'S VENTURE IS PART OF UNC HEALTH'S RURAL CARE INITIATIVE. THIS SYSTEM INITIATIVE IS DESIGNED TO BRING MUCH NEEDED SERVICES TO WHERE PATIENTS LIVE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $68,266,257 | $60,403,732 | +0.1% |
| Expenses | $63,376,063 | $64,063,757 | 0.0% |
| Net Income | $4,890,194 | $-3,660,025 | -2.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Andrew Hannapel mD | Director/CMO | 60.0 |
Officer
Director
|
$0 | $0 | $0 |
| Eric Wolak | Director/COO & CNO | 60.0 |
Officer
Director
|
$254,586 | $28,729 | $283,315 |
| Franklin Gomez-Flores | Director/Vice Chairman | 5.0 |
Officer
Director
|
$0 | $0 | $0 |
| Jeff Strickler | Director/President & CEO | 30.0 |
Officer
Director
|
$0 | $125,623 | $524,111 |
| Mark Hall | Director/Chairman | 5.0 |
Officer
Director
|
$0 | $0 | $0 |
| Michael Bunch | Director/CFO | 8.0 |
Officer
Director
|
$0 | $125,656 | $528,811 |
| Amir Aghajanian MD | Director | 60.0 |
Director
|
$0 | $44,009 | $722,612 |
| Angelynn McClary | Director | 2.0 |
Director
|
$0 | $0 | $0 |
| Anne Schwankl | Director | 2.0 |
Director
|
$0 | $0 | $0 |
| Ashlyn Martin | Director | 2.0 |
Director
|
$0 | $0 | $0 |
| David Poe | Director | 2.0 |
Director
|
$0 | $0 | $0 |
| Jennifer Platt | Director | 2.0 |
Director
|
$0 | $0 | $0 |
| Leisa Powell | Director | 2.0 |
Director
|
$0 | $46,353 | $195,883 |
| Meghan McCann | Director | 2.0 |
Director
|
$0 | $93,063 | $459,678 |
| Michael Zelek | Director | 2.0 |
Director
|
$0 | $0 | $0 |
| Michelle Burton | Director | 2.0 |
Director
|
$0 | $0 | $0 |
| Misty Drake | Director | 2.0 |
Director
|
$0 | $0 | $0 |
| Udobi Campbell | Director | 2.0 |
Director
|
$0 | $120,572 | $499,182 |
| Woodward Burgert III MD | Director | 2.0 |
Director
|
$0 | $48,430 | $340,258 |
| Allison Bolin | Director of Surgical Operations | 60.0 |
Officer
|
$145,343 | $34,363 | $179,706 |
| Beverly Carpenter | Patient Services Manager I | 60.0 |
Highest
|
$139,598 | $22,892 | $162,490 |
| Donna Sessoms | Director of Surgical Services | 60.0 |
Highest
|
$165,820 | $50,210 | $216,030 |
| Rachel Brewer | Admin Coordinator/Nursing | 60.0 |
Highest
|
$137,719 | $46,689 | $184,408 |
| Scott Ratcliff | HCS Director Imaging Services | 60.0 |
Highest
|
$142,193 | $17,518 | $159,711 |
| Shelley Louya | Patient Services Manager II | 60.0 |
Highest
|
$164,609 | $21,834 | $186,443 |
| Jeff LeGay | Former CFO | 0.0 |
|
$0 | $32,517 | $352,363 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $68,266,257 | $63,376,063 | $45,111,075 | $4,890,194 |
| 2024 | $60,403,732 | $64,063,757 | $40,597,678 | $-3,660,025 |
| 2023 | $52,033,872 | $58,243,074 | $41,090,209 | $-6,209,202 |
| 2022 | $53,121,700 | $54,626,075 | $33,827,655 | $-1,504,375 |
| 2021 | $48,685,356 | $54,220,084 | $26,102,358 | $-5,534,728 |
| 2020 | $44,313,104 | $46,100,577 | $25,669,520 | $-1,787,473 |
| 2019 | $40,070,953 | $44,443,804 | $26,897,084 | $-4,372,851 |
| 2018 | $43,469,652 | $41,258,253 | $30,461,883 | $2,211,399 |
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