GOSHEN MEDICAL CENTER INC

EIN: 561209062 501(c)(3) Health Care

FAISON, NC

Total Revenue
$65,983,201
Total Expenses
$63,319,483
Total Assets
$89,153,270
Net Assets
$82,522,538
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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
1979
Legal Domicile
NC
Principal Officer
CHESTER AYCOCK
Phone
9102671942
Tax Period
2024-01-01 to 2024-12-31

GOSHEN MEDICAL CENTER INC, founded in 1979, is a mid-sized nonprofit in the Health Care sector that reported $66.0M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $63.3M left a modest 4% surplus.

Mission

TO PROVIDE ACCESS TO AFFORDABLE HEALTH CARE FOR ALL PEOPLE IN EASTERN NORTH CAROLINA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $14,782,680
Program Service Revenue $45,351,064
Investment Income $1,793,733
Other Revenue $4,055,724
TOTAL REVENUE $65,983,201

Expense Breakdown

Grants Paid $0
Salaries & Benefits $26,182,800
Fundraising Expenses $0
Program Expenses $51,018,394
Other Expenses $37,136,683
TOTAL EXPENSES $63,319,483

Year-over-Year Comparison

2024 2023 Change
Revenue $65,983,201 $56,381,795 +0.2%
Expenses $63,319,483 $49,920,926 +0.3%
Net Income $2,663,718 $6,460,869 -0.6%
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

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Governance

Voting Members
9
Independent Members
9
Employees
600
Volunteers
9

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
5
$702,210
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GREGORY M BOUNDS CEO 40.00
Officer
$651,252 $50,958 $702,210
CHESTER AYCOCK BD CHAIRMAN N/A
Officer Director
$0 $0 $0
PATRICIA DAVIS SECRETARY N/A
Officer Director
$0 $0 $0
MATTIE ATKINSON VICE CHAIR N/A
Officer Director
$0 $0 $0
JAMES ROA TREASURER N/A
Officer Director
$0 $0 $0
TANTY FREEMAN MEMBER N/A
Director
$0 $0 $0
EDITH DE SOSA MEMBER N/A
Director
$0 $0 $0
SYBIL MERKINSON MEMBER N/A
Director
$0 $0 $0
MELBA HARRELL MEMBER N/A
Director
$0 $0 $0
EMMA BRINSON MEMBER N/A
Director
$0 $0 $0
CARLE PATE JR MEDICAL DIRE 40.00
Highest
$251,463 $40,066 $291,529
DAVID PARKER PHYSICIAN 40.00
Highest
$195,756 $22,997 $218,753
FRANQUIL DIAZ DENTAL DIREC 40.00
Highest
$203,693 $27,760 $231,453
RHONDA BARWICK DEPUTY CHIEF 40.00
Highest
$264,517 $41,018 $305,535
MARIA ALVAREZ PHYSICIAN 40.00
Highest
$176,872 $22,415 $199,287
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 $64,043,863 $63,420,409 $89,151,312 $623,454
2024 $65,983,201 $63,319,483 $89,153,270 $2,663,718
2023 $56,381,795 $49,920,926 $85,934,201 $6,460,869
2022 $60,939,655 $45,003,526 $79,862,475 $15,936,129
2021 $66,151,688 $44,972,210 $62,171,087 $21,179,478
2020 $56,212,509 $43,956,543 $42,237,358 $12,255,966
2019 $33,571,987 $32,146,341 $28,502,028 $1,425,646
2018 $32,138,257 $32,521,003 $27,277,673 $-382,746
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