CUMBERLAND COUNTY HOSPITAL SYSTEM … - 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

1956

Legal Domicile

Principal Officer

BRET JOHNSON

Phone

9106154829

Tax Period

2023-10-01 to 2024-09-30

CUMBERLAND COUNTY HOSPITAL SYSTEM INC, founded in 1956, is a large national nonprofit in the Health Care sector that reported $1.4B in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $1.3B left a modest 5% surplus.

Mission

AT CUMBERLAND COUNTY HOSPITAL SYSTEM, INC. DBA: CAPE FEAR VALLEY HEALTH SYSTEM, OUR GOAL IS TO IMPROVE THE QUALITY OF EVERY LIFE WE TOUCH. TO ACHIEVE THAT, OUR DOCTORS, SURGEONS AND STAFF ARE COMMITTED TO EXCELLENCE IN EVERY ASPECT OF THE HEALTHCARE PROCESS. OUR VALUES OF PATIENT-CENTEREDNESS, INTEGRITY, INNOVATION, TEAMWORK, DIVERSITY, ACCOUNTABILITY AND EDUCATION HELP US CREATE A BETTER EXPERIENCE FOR EVERY PATIENT, EVERY TIME.

Program Service Accomplishments

Program 1

Expenses: $1,084,926,323 Revenue: $1,310,495,727

AS PART OF MEETING THE HEALTH CARE NEEDS OF THE SERVICE AREA, CCHS, INC. ADMITTED 38,129 PATIENTS, PROVIDED 222,972 PATIENT DAYS OF CARE, HAD 191,942 EMERGENCY ROOM VISITS AND HAD OVER 795,000...

AS PART OF MEETING THE HEALTH CARE NEEDS OF THE SERVICE AREA, CCHS, INC. ADMITTED 38,129 PATIENTS, PROVIDED 222,972 PATIENT DAYS OF CARE, HAD 191,942 EMERGENCY ROOM VISITS AND HAD OVER 795,000 OUTPATIENT VISITS FOR SERVICES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $17,109,196

Program Service Revenue $1,314,709,617

Investment Income $39,977,543

Other Revenue $23,190,884

TOTAL REVENUE $1,394,987,240

Expense Breakdown

Grants Paid $896,009

Salaries & Benefits $542,470,930

Fundraising Expenses $0

Program Expenses $1,084,926,323

Other Expenses $785,585,972

TOTAL EXPENSES $1,328,952,911

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,394,987,240	$1,176,686,907	+0.2%
Expenses	$1,328,952,911	$1,096,544,980	+0.2%
Net Income	$66,034,329	$80,141,927	-0.2%

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

9664

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

$2,303,242

Total Directors

$111,940

Key Employees

$1,825,115

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SANJAY SHAH MD	CHAIR	2.00	Officer Director	$0	$0	$0
JIMMY KEEFE	VICE CHAIR	2.00	Officer Director	$0	$0	$0
ERNEST JONES	SECRETARY	2.00	Officer Director	$0	$0	$0
GLENN ADAMS	TRUSTEE	2.00	Director	$0	$0	$0
AFUA ARHIM	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL BOOSE	TRUSTEE	2.00	Director	$0	$0	$0
TERRILL BROWN	TRUSTEE	2.00	Director	$0	$0	$0
CHUCK CHIMA	TRUSTEE	2.00	Director	$62,500	$0	$62,500
JEANNETTE COUNCIL	TRUSTEE	2.00	Director	$0	$0	$0
MARSHALL FAIRCLOTH	TRUSTEE	2.00	Director	$0	$0	$0
GIRUM FEYISSA MD	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL JONES MD	TRUSTEE	2.00	Director	$0	$0	$0
VERONICA JONES	TRUSTEE	2.00	Director	$0	$0	$0
KELVIN FARMER	TRUSTEE	2.00	Director	$0	$0	$0
LARRY LANCASTER	TRUSTEE	2.00	Director	$0	$0	$0
SHANNON MATTHEWS	TRUSTEE	2.00	Director	$0	$0	$0
TONI STEWART	TRUSTEE	2.00	Director	$0	$0	$0
PAMELA STORY	TRUSTEE	2.00	Director	$0	$0	$0
MYRON STRICKLAND	TRUSTEE	2.00	Director	$49,440	$0	$49,440
CLARENCE GRIER	TRUSTEE	2.00	Director	$0	$0	$0
RYAN AUL	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL NAGOWSKI	CEO	54.00	Officer	$1,541,010	$20,660	$1,561,670
BRET JOHNSON	CFO	54.00	Officer	$721,558	$20,014	$741,572
DANIEL WEATHERLY	COO	54.00	Key Emp	$779,595	$20,391	$799,986
DEBORAH MARSHBURN	CNO	54.00	Key Emp	$423,481	$17,322	$440,803
PHILIP WOOD JR	CIO	54.00	Key Emp	$567,051	$17,275	$584,326
CHARLES HAWORTH	PHYSICIAN	40.00	Highest	$1,236,208	$16,305	$1,252,513
ROBERT MAUGHAN	PHYSICIAN	40.00	Highest	$1,385,898	$12,058	$1,397,956
IRLENE LOCKLEAR	PHYSICIAN	40.00	Highest	$1,051,135	$12,459	$1,063,594
KENNETH MANNING	PHYSICIAN	40.00	Highest	$874,673	$15,261	$889,934
HUGHEY CARTER	PHYSICIAN	40.00	Highest	$968,921	$6,655	$975,576

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
2024	$1,394,987,240	$1,328,952,911	$5,847,504,726	$66,034,329
2023	$1,176,686,907	$1,096,544,980	$1,650,668,720	$80,141,927
2022	$1,261,363,285	$1,210,920,764	$1,447,981,523	$50,442,521
2021	$1,213,841,835	$1,141,872,968	$1,474,757,677	$71,968,867
2020	$1,166,523,233	$1,115,330,182	$1,384,134,000	$51,193,051
2019	$1,149,399,604	$1,118,905,731	$1,159,079,000	$30,493,873
2018	$1,101,115,376	$1,049,428,082	$1,103,430,000	$51,687,294

CUMBERLAND COUNTY HOSPITAL SYSTEM INC