WINSTONSALEM, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HAWTHORNE INN & CONFERENCE CENTER, founded in 1992, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2017. Revenue fell 32% from the prior year — a significant decline worth monitoring.
THE ORGANIZATION IS PART OF WAKE FOREST BAPTIST HEALTH, A PREEMINENT LEARNING HEALTH SYSTEM THAT PROMOTES BETTER HEALTH FOR ALL THROUGH COLLABORATION, EXCELLENCE AND INNOVATION. OUR MISSION IS TO IMPROVE THE HEALTH OF OUR REGION, STATE AND NATION BY: GENERATING AND TRANSLATING KNOWLEDGE TO PREVENT, DIAGNOSE AND TREAT DISEASE; TRAINING LEADERS IN HEALTH CARE AND BIOMEDICAL SCIENCE; AND SERVING AS THE PREMIER HEALTH SYSTEM IN OUR REGION, WITH SPECIFIC CENTERS OF EXCELLENCE RECOGNIZED AS NATIONAL AND INTERNATIONAL CARE DESTINATIONS.
HAWTHORNE INN AND CONFERENCE CENTER WAS INCORPORATED AS A NON-PROFIT, SUPPORTING ORGANIZATION OF ITS SOLE MEMBER, NORTH CAROLINA BAPTIST HOSPITAL. ITS PURPOSE IS TO OWN AND OPERATE A GUEST...
HAWTHORNE INN AND CONFERENCE CENTER WAS INCORPORATED AS A NON-PROFIT, SUPPORTING ORGANIZATION OF ITS SOLE MEMBER, NORTH CAROLINA BAPTIST HOSPITAL. ITS PURPOSE IS TO OWN AND OPERATE A GUEST ACCOMMODATION FACILITY TO BE USED PRIMARILY BY HOSPITAL VISITORS IN CONNECTION WITH PATIENT CARE, EDUCATION AND RESEARCH. NORTH CAROLINA BAPTIST HOSPITAL IS A NONPROFIT, TERTIARY CARE HOSPITAL EXEMPT FROM FEDERAL INCOME TAX UNDER IRC SECTION 501(C)(3). NORTH CAROLINA BAPTIST HOSPITAL AND HAWTHORNE INN ARE MEMBERS OF WAKE FOREST BAPTIST HEALTH (MEDICAL CENTER). THE MEDICAL CENTER HAS HAS 1,535 ACUTE CARE AND REHABILITATION BEDS OPERATIVE ACROSS THE SYSTEM, WHICH ENCOMPASSES NORTH CAROLINA BAPTIST HOSPITAL (885 BEDS), WAKE FOREST BAPTIST HEALTH LEXINGTON MEDICAL CENTER (94 BEDS), WAKE FOREST BAPTIST HEALTH DAVIE MEDICAL CENTER (50 BEDS), WAKE FOREST BAPTIST HEALTH WILKES MEDICAL CENTER (130 BEDS), ALLEGHANY HEALTH (25 BEDS) AND WAKE FOREST BAPTIST HEALTH HIGH POINT MEDICAL CENTER (351 BEDS), WHICH JOINED THE WAKE FOREST BAPTIST HEALTH SYSTEM IN FISCAL YEAR 2019. THE MEDICAL CENTER PRIMARILY SERVES A 24-COUNTY REGION IN NORTHWESTERN NORTH CAROLINA AND SOUTHWESTERN VIRGINIA, BUT DRAWS PATIENTS FROM ACROSS THE STATE AND NATION FOR SELECT SERVICES. THE MEDICAL CENTER CONTINUES TO EXPERIENCE TREMENDOUS PHYSICAL AND ACADEMIC GROWTH. GIVEN THAT APPROXIMATELY 68% OF ALL PATIENTS COME FROM OUTSIDE FORSYTH COUNTY, AND THAT THE NATURE OF THE CARE DICTATES AN AVERAGE PATIENT STAY OF 6.49 DAYS, LODGING DEMAND HAS GREATLY EXCEEDED CAPACITY. ADDITIONALLY, AS HEALTH CARE TRENDS TOWARD OUTPATIENT BASED PROCEDURES, THE HOTEL PROVIDES A NEEDED FACILITY, LOCATED 1.5 MILES FROM THE MEDICAL CENTER COMPLEX. WITH THE GUEST ACCOMMODATIONS PORTION OF THE FACILITY CONTAINING 156 GUEST ROOMS, INCLUDING 10 SLEEP STUDY ROOMS, THE HAWTHORNE INN HAS THE CAPABILITY OF PROVIDING LODGING ARRANGEMENTS BEST SUITED FOR OUT-OF-TOWN FAMILIES, PATIENTS, AND FACULTY THAT REQUIRE EXTENDED LODGING ARRANGEMENTS. IN ADDITION TO THE PHYSICAL STRUCTURE, THE ENVIRONMENT CREATED AT THE FACILITY IS FOCUSED ON PROVIDING EMOTIONAL SUPPORT FOR PATIENTS AND THEIR FAMILIES. ALL OF THE RELATED REVENUE REPORTED WAS GENERATED IN THE SUPPORT OF THE CHARITABLE, EDUCATIONAL,AND RESEARCH PURPOSES OF THE MEDICAL CENTER.THE HAWTHORNE INN AND CONFERENCE CENTER PROMOTES THE WELFARE OF THE MEDICAL CENTER'S PATIENTS BY PROVIDING A MEANS TO FACILITATE PATIENT VISITATION. AVAILABILITY AND DISCOUNTED RATES WERE CONSISTENTLY MAINTAINED FOR INDIVIDUALS SEEKING ACCOMMODATIONS. THE HOTEL ALSO ASSISTS THE MEDICAL CENTER'S HEALTHCARE, EDUCATIONAL AND RESEARCH PURPOSES. BOTH GUEST ROOM AND CONFERENCE SPACE ACCOMMODATIONS WERE PROVIDED FOR NUMEROUS EDUCATIONAL SEMINARS, RESEARCH MEETINGS AND DEPARTMENTAL MEETINGS AND TRAINING. FINALLY, DURING FISCAL YEAR 2018, A WING OF THE FACILITY WAS USED AS THE MEDICAL CENTER'S SLEEP CENTER, A DESIGNATED MEMBER OF THE AMERICAN ACADEMY OF SLEEP MEDICINE. AT THE SLEEP CENTER, A MULTIDISCIPLINARY TEAM OF SLEEP EXPERTS CONDUCT SLEEP STUDIES TO ASSESS PATIENTS OF ALL AGES WITH VARIOUS SLEEP DISORDERS. THE MEDICAL CENTER'S SLEEP EXPERTS PROVIDE THE HIGHEST QUALITY OF CARE FOR THESE PATIENTS AND PROVIDE SPECIALIZED TREATMENT PLANS TO TREAT THE PATIENTS' SLEEP DISORDERS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2017 | 2016 | Change | |
|---|---|---|---|
| Revenue | $2,710,292 | $4,005,406 | -0.3% |
| Expenses | $2,942,227 | $3,539,084 | -0.2% |
| Net Income | $-231,935 | $466,322 | -1.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| CONRAD S EMMERICH | TRUSTEE & PRESIDENT | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| KAREN H HUEY | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| BRADLEY A CLARK | TRUSTEE & TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| J MCLAIN WALLACE JR | SECRETARY | 1.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2018 | $2,710,292 | $2,942,227 | No data | $-231,935 |
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