GASTON MEMORIAL HOSPITAL INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1945

Legal Domicile

Phone

7048342000

Tax Period

2023-07-01 to 2024-06-30

GASTON MEMORIAL HOSPITAL INC, founded in 1945, is a major nonprofit in the Health Care sector that reported $790.9M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $700.8M left a modest 11% surplus.

Mission

TO PROVIDE COMPASSIONATE, EXCEPTIONAL AND HIGHLY RELIABLE CARE.

Program Service Accomplishments

Program 1

Expenses: $649,498,225 Revenue: $785,217,423

CAROMONT HEALTH'S PHILOSOPHY OF CARE IS FOUNDED IN THREE DISTINCT WAYS. IT IS A HEALTH SYSTEM THAT INVESTS IN THE FUTURE OF HEALTHCARE FROM RESEARCH TO EDUCATION. IT IS AN ACTIVE COMMUNITY PARTNER...

CAROMONT HEALTH'S PHILOSOPHY OF CARE IS FOUNDED IN THREE DISTINCT WAYS. IT IS A HEALTH SYSTEM THAT INVESTS IN THE FUTURE OF HEALTHCARE FROM RESEARCH TO EDUCATION. IT IS AN ACTIVE COMMUNITY PARTNER, SUPPORTING AND DRIVING PROGRAMS THAT ENCOURAGE HEALTHIER LIFESTYLES. IT IS ALSO A DYNAMIC ORGANIZATION FOCUSED ON CONTINUOUS DAILY IMPROVEMENT, ADVANCED MEDICINE AND THE DELIVERY OF COMPASSIONATE, EXCEPTIONAL AND HIGHLY RELIABLE CARE. THE FISCAL YEAR ENDING JUNE 30, 2024 SAW CAROMONT HEALTH LIVING ITS VISION TO BE OUR COMMUNITY'S MOST TRUSTED HEALTHCARE PARTNER. THE COMPLETE 2024 COMMUNITY BENEFIT REPORT CAN BE FOUND AT WWW.CAROMONTHEALTH.ORG.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $734,159

Program Service Revenue $785,308,522

Investment Income $-10,558

Other Revenue $4,859,111

TOTAL REVENUE $790,891,234

Expense Breakdown

Grants Paid $1,073,616

Salaries & Benefits $320,795,138

Fundraising Expenses $0

Program Expenses $649,498,225

Other Expenses $378,920,053

TOTAL EXPENSES $700,788,807

Year-over-Year Comparison

	2023	2022	Change
Revenue	$790,891,234	$709,858,408	+0.1%
Expenses	$700,788,807	$650,792,303	+0.1%
Net Income	$90,102,427	$59,066,105	+0.5%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

4461

Volunteers

164

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

$4,011,955

Total Directors

$1,754,259

Key Employees

$2,049,165

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mr David Payseur	Treasurer	1.0	Officer Director	$0	$0	$0
Mr Jeffrey Cash	Chair	1.0	Officer Director	$0	$0	$0
Mr Tim Efird	Vice chair	1.0	Officer Director	$0	$0	$0
Rev Dr Pearl Burris-Floyd	Secretary	1.0	Officer Director	$0	$0	$122,443
Dr Heath High	Chief of Staff (COS) Elect through 12/31/23 (non-voting); COS starting 1/1/24	1.0	Director	$0	$59,856	$583,903
Dr Jay Hendler	Chief of Staff (COS) through 12/31/23; Immediate Past COS starting 1/1/24 (non-voting)	1.0	Director	$0	$58,372	$558,661
Dr Micheal Gaslin	Past-Chief-of-Staff (non-voting) through 12/31/2023	1.0	Director	$20,000	$0	$20,000
Dr Shiddhi Patel	Chief-of Staff Elect (non-voting) starting 1/1/2024	1.0	Director	$0	$53,086	$436,549
Mr Bob Hovis	Director	1.0	Director	$0	$0	$32,703
Mr Dan Boyd	Director	1.0	Director	$0	$0	$0
Mr Frank Stewart	Director	1.0	Director	$0	$0	$0
Mr Jason Austell	Director	1.0	Director	$0	$0	$0
Mr Jay McGraw	Director	1.0	Director	$0	$0	$0
Mr Joseph Davis Jr	Director	1.0	Director	$0	$0	$0
Ms Annette Carter	Director	1.0	Director	$0	$0	$0
Ms Janie Peak	Director	1.0	Director	$0	$0	$0
Rev Dr Benjamin Hinton	Director	1.0	Director	$0	$0	$0
Mr David O'Connor	EVP/CFO/Asst. Treasurer	45.0	Officer	$956,025	$184,000	$1,140,025
Mr K Christopher Peek	CEO	45.0	Officer	$1,764,966	$309,455	$2,074,421
Ms Leigh Hickman	CLO/Asst. Sec.	45.0	Officer	$564,906	$110,160	$675,066
Dr Todd Davis	EVP Chief Physician Executive	45.0	Key Emp	$1,048,889	$196,368	$1,245,257
Mr Danny Wharton	Chief Operating Officer	45.0	Key Emp	$670,464	$133,444	$803,908
Dr George Adcock III	VP Medical Affairs	40.0	Highest	$605,913	$129,008	$734,921
Mr Frank Murphy	VP Strategy Business Development	40.0	Highest	$703,917	$98,212	$802,129
Mr Joel Riddle	VP Human Resources	40.0	Highest	$500,210	$47,907	$548,117
Mr Richard Blackburn	VP Support Services	40.0	Highest	$517,138	$197,012	$714,150
Ms Robin Lang	VP Chief Information Officer	40.0	Highest	$550,336	$132,449	$682,785

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	$790,891,234	$700,788,807	$895,064,025	$90,102,427
2023	$709,858,408	$650,792,303	$838,442,096	$59,066,105
2022	$689,404,813	$631,933,737	$730,850,666	$57,471,076
2021	$665,062,443	$563,859,749	$627,844,903	$101,202,694
2021	$665,062,443	$563,859,749	$627,844,903	$101,202,694
2020	$583,498,888	$526,498,049	$442,215,147	$57,000,839
2019	$547,007,582	$495,939,580	$440,718,400	$51,068,002
2018	$513,497,423	$470,373,377	$436,498,125	$43,124,046