PENDER MEMORIAL HOSPITAL INCORPORA… - Form 990 Financial Data

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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

1964

Legal Domicile

Principal Officer

CARL ARMATO

Phone

3362772411

Tax Period

2024-01-01 to 2024-12-31

PENDER MEMORIAL HOSPITAL INCORPORATED, founded in 1964, is a mid-sized nonprofit in the Health Care sector that reported $38.7M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

IN THE SPIRIT OF KEEPING OUR FOCUS ON PATIENT-CENTERED, EQUITABLE AND COMPASSIONATE CARE WHILE ENSURING OUR ORGANIZATION IS SUSTAINABLE FOR FUTURE GENERATIONS, WE HAVE RESTATED OUR MISSION, VISION AND VALUES AND ARE NOW GUIDED BY OUR CAUSE. OUR CAUSE WE CREATE A HEALTHIER FUTURE AND BRING REMARKABLE EXPERIENCES TO LIFE. DISCOVER WE CONSISTENTLY SEEK TO INNOVATE, COURAGEOUSLY TRANSFORM OURSELVES AND FIND NEW WAYS TO ADD VALUE FOR OUR PATIENTS, COMMUNITIES AND ONE ANOTHER. EMPOWER WE PROVIDE ONE ANOTHER, OUR PATIENTS, FAMILIES AND COMMUNITIES WITH THE RESOURCES AND ENVIRONMENT TO CREATE SHARED ACCOUNTABILITY AND ACTION. THRIVE WE DEMONSTRATE EQUITY, EMPATHY, SAFETY AND QUALITY TO HELP EACH OTHER, AND OUR COMMUNITIES GROW AND SUCCEED. TOGETHER WE WORK AS A TRUSTED TEAM WITH OUR UNIQUE PERSPECTIVES, LIFE EXPERIENCES AND EXPERTISE TO BRING REMARKABLE TO LIFE IN EVERY INTERACTION. WE ALL BELONG.

Program Service Accomplishments

Program 1

Expenses: $38,600,145 Revenue: $38,558,375

PENDER MEMORIAL HOSPITAL, INCORPORATED ("PMH") DBA NOVANT HEALTH PENDER MEDICAL CENTER EXISTS TO PROMOTE THE HEALTH OF THE MEMBERS OF PENDER COUNTY, NORTH CAROLINA AND SURROUNDING AREAS, REGARDLESS OF A PATIENT'S ABILITY TO PAY. THE HOSPITAL HAS 86 LICENSED BEDS. IN 2024, THERE WERE 9,391 PATIENT DAYS, 299 DISCHARGES, 1,607 INPATIENT/OUTPATIENT SURGERIES, 35,702 OUTPATIENT ENCOUNTERS, AND 19,966 EMERGENCY DEPARTMENT VISITS.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $41,111

Program Service Revenue $38,558,375

Investment Income $3,521

Other Revenue $124,511

TOTAL REVENUE $38,727,518

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,548,893

Fundraising Expenses $0

Program Expenses $38,600,145

Other Expenses $22,705,665

TOTAL EXPENSES $40,254,558

Year-over-Year Comparison

	2024	2023	Change
Revenue	$38,727,518	$35,105,750	+0.1%
Expenses	$40,254,558	$36,656,326	+0.1%
Net Income	$-1,527,040	$-1,550,576	0.0%

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

Governance

Voting Members

Independent Members

Employees

265

Volunteers

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

$2,958,091

Total Directors

$17,975

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARBARA BIEHNER	VC(TO 1/16/24)/CHAIR(FR 1/17/24)	0.50	Officer Director	$0	$0	$0
BRETT KEELER	TRUSTEE (FR 1/2/24)	0.20	Director	$0	$0	$0
DENISE HOUGHTON	SEC(TO 1/16/24)/VC(FR 1/17/24)	0.50	Officer Director	$0	$0	$0
HIRAM WILLIAMS	TRUSTEE/TREASURER(FR 1/17/24)	0.50	Officer Director	$0	$0	$0
JACQUELINE NEWTON	TRUSTEE (FR 1/2/24)	0.20	Director	$0	$0	$0
LYNWOOD MEADOWS	TREASURER (TO 1/16/24)	0.50	Officer Director	$0	$0	$0
MOSTAFA REZK MD	TTE (TO 12/31/24)/MEDICAL DIRECTOR	3.00	Director	$17,975	$0	$17,975
MYRA MCDUFFIE	TRUSTEE	0.20	Director	$0	$0	$0
TERRI KING	TRUSTEE (FR 1/2/24)	0.20	Director	$0	$0	$0
TIMOTHY BAKER	TRUSTEE/SECRETARY (FR 1/17/24)	0.50	Officer Director	$0	$0	$0
WILLIE ARMSTRONG	TRUSTEE (TO 12/31/24)	0.20	Director	$0	$0	$0
WENDY FLETCHER-HARDEE	TRUSTEE (TO 5/17/24)	0.20	Director	$0	$0	$0
ALICE POPE	EVP/CFO (FR 4/29/24)	0.20	Officer	$0	$183,469	$1,175,156
GEOFFREY GARDNER	CFO (TO 4/28/24)	0.20	Officer	$0	$45,078	$1,299,330
RUTH GLASER	PRESIDENT	25.00	Officer	$0	$43,433	$483,605
HARRY COWART	PHARMACIST IN CHARGE	45.00	Highest	$196,177	$32,131	$228,308
JILL CLARK	HOUSE SUPERVISOR	45.00	Highest	$122,270	$29,522	$151,792
KRISTEN SANABRIA	SUPV ADMINISTRATIVE SERVICES	45.00	Highest	$115,497	$18,298	$133,795
PAUL WHITE	CRNA II - NE	40.00	Highest	$271,676	$52,350	$335,180
REBECCA BATES	CRNA II - NE	40.00	Highest	$215,787	$22,979	$248,459

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	$38,727,518	$40,254,558	$34,816,841	$-1,527,040
2023	$35,105,750	$36,656,326	$49,409,565	$-1,550,576
2022	$34,402,819	$37,468,637	$32,698,981	$-3,065,818
2021	$37,592,301	$34,129,871	$37,631,899	$3,462,430
2021	$13,183,408	$12,685,906	$39,814,102	$497,502

PENDER MEMORIAL HOSPITAL INCORPORATED