PIEDMONT HEALTH SERVICES INC

EIN: 560952737 501(c)(3) Health Care

CHAPEL HILL, NC

Total Revenue
$82,140,307
Total Expenses
$80,442,422
Total Assets
$54,126,339
Net Assets
$36,480,118
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1970
Legal Domicile
NC
Phone
9199338494
Tax Period
2023-01-01 to 2023-12-31

PIEDMONT HEALTH SERVICES INC, founded in 1970, is a mid-sized nonprofit in the Health Care sector that reported $82.1M in total revenue in fiscal year 2023.

Mission

TO IMPROVE THE HEALTH AND WELL-BEING OF THE COMMUNITY BY PROVIDING HIGH QUALITY, AFFORDABLE, AND COMPREHENSIVE PRIMARY HEALTH CARE.

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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 $17,152,884
Program Service Revenue $64,013,564
Investment Income $973,859
Other Revenue $0
TOTAL REVENUE $82,140,307

Expense Breakdown

Grants Paid $0
Salaries & Benefits $48,464,154
Fundraising Expenses $0
Program Expenses $56,488,636
Other Expenses $31,978,268
TOTAL EXPENSES $80,442,422

Year-over-Year Comparison

2023 2022 Change
Revenue $82,140,307 $80,108,444 +0.0%
Expenses $80,442,422 $73,055,644 +0.1%
Net Income $1,697,885 $7,052,800 -0.8%
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

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Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
14
Employees
726
Volunteers
17

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
$546,131
Total Directors
17
$0
Key Employees
1
$308,336
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A BOARD SECRETARY 0.8
Officer Director
$0 $0 $0
N/A TREASURER 0.8
Officer Director
$0 $0 $0
N/A BOARD CHAIR 0.8
Officer Director
$0 $0 $0
N/A BOARD VICE CHAIR 0.8
Officer Director
$0 $0 $0
N/A BOARD MEMBER 0.8
Director
$0 $0 $0
N/A BOARD MEMBER 0.8
Director
$0 $0 $0
N/A BOARD MEMBER END 05/23 0.8
Director
$0 $0 $0
N/A BOARD MEMBER END 05/23 0.8
Director
$0 $0 $0
N/A BOARD MEMBER BEG 02/23 0.8
Director
$0 $0 $0
N/A BOARD MEMBER END 05/23 0.8
Director
$0 $0 $0
N/A BOARD MEMBER 0.8
Director
$0 $0 $0
N/A BOARD MEMBER BEG 08/23 0.8
Director
$0 $0 $0
N/A BOARD MEMBER BEG 10/23 0.8
Director
$0 $0 $0
N/A BOARD MEMBER BEG 09/23 0.8
Director
$0 $0 $0
N/A BOARD MEMBER 0.8
Director
$0 $0 $0
N/A BOARD MEMBER BEG 08/23 0.8
Director
$0 $0 $0
N/A BOARD MEMBER 0.8
Director
$0 $0 $0
N/A CEO 40.0
Officer
$270,793 $29,002 $299,795
N/A CFO 40.0
Officer
$223,091 $23,245 $246,336
N/A CMO 16.0
Key Emp
$280,570 $27,766 $308,336
N/A PHYSICIAN 40.0
Highest
$196,357 $24,313 $220,670
N/A PHYSICIAN 32.0
Highest
$242,623 $25,928 $268,551
N/A DENTAL DIRECTOR 10.0
Highest
$229,058 $24,329 $253,387
N/A PHYSICIAN 40.0
Highest
$189,332 $24,292 $213,624
N/A MEDICAL DIRECTOR 30.0
Highest
$224,885 $25,238 $250,123
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
2023 $82,140,307 $80,442,422 $54,126,339 $1,697,885
2022 $80,108,444 $73,055,644 $52,844,017 $7,052,800
2021 $81,083,702 $68,637,335 $43,266,941 $12,446,367
2020 $69,489,704 $65,675,915 $37,381,073 $3,813,789
2019 $64,085,808 $65,381,338 $28,139,939 $-1,295,530
2018 $62,531,681 $61,047,997 $27,258,684 $1,483,684
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