COMMUNITY GENERAL HOSPITAL FOUNDATION INC

EIN: 561828629 501(c)(3) Health Care

WINSTON SALEM, NC

Total Revenue
$267,117
Total Expenses
$165,518
Total Assets
$2,483,887
Net Assets
$2,444,122
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
NC
Principal Officer
CARL ARMATO
Phone
3362772411
Tax Period
2023-01-01 to 2023-12-31

COMMUNITY GENERAL HOSPITAL FOUNDATION INC, founded in 1992, is a small nonprofit in the Health Care sector that reported $267K in total revenue in fiscal year 2023. Revenue fell 63% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $102K, a strong 38% operating margin.

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: $145,804 Revenue: $0

THE ORGANIZATION OPERATES TO RAISE COMMUNITY SUPPORT AND FUNDING THROUGH CHARITABLE GIVING FOR ESSENTIAL PROGRAMS, IMPROVED FACILITIES, AND STATE-OF-THE-ART TECHNOLOGY OF NOVANT HEALTH THOMASVILLE...

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THE ORGANIZATION OPERATES TO RAISE COMMUNITY SUPPORT AND FUNDING THROUGH CHARITABLE GIVING FOR ESSENTIAL PROGRAMS, IMPROVED FACILITIES, AND STATE-OF-THE-ART TECHNOLOGY OF NOVANT HEALTH THOMASVILLE MEDICAL CENTER, A NON-PROFIT HOSPITAL LOCATED IN THOMASVILLE, NC.

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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 $238,310
Program Service Revenue $0
Investment Income $28,848
Other Revenue $-41
TOTAL REVENUE $267,117

Expense Breakdown

Grants Paid $136,799
Salaries & Benefits $0
Fundraising Expenses $3,140
Program Expenses $145,804
Other Expenses $28,719
TOTAL EXPENSES $165,518

Year-over-Year Comparison

2023 2022 Change
Revenue $267,117 $717,492 -0.6%
Expenses $165,518 $85,985 +0.9%
Net Income $101,599 $631,507 -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
21
Independent Members
17
Employees
N/A
Volunteers
34

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
10
$4,539,245
Total Directors
24
$2,267,053
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AIMEE BOOZER TRUSTEE (FR 1/1/23) 0.20
Director
$0 $0 $0
ANGELA RUBNICH TTE (FR 1/1/23), TREAS (FR 11/28/23) 0.20
Officer Director
$0 $0 $0
BEATRIZ JUNCADELLA MD TRUSTEE 0.20
Director
$0 $0 $0
BLYTHE LEONARD TRUSTEE (TO 7/19/23) 0.20
Director
$0 $0 $0
CANDICE JACKSON TRUSTEE 0.20
Director
$0 $0 $0
CHRISTIAN BRANDYBERRY DDS TRUSTEE 0.20
Director
$0 $0 $0
COLON STARRETT TRUSTEE (TO 12/31/23) 0.20
Director
$0 $0 $0
COLTON WOOD MD TRUSTEE/FAMILY PRACTNR 0.20
Director
$0 $47,842 $578,062
DANIEL MYERS DO TRUSTEE (TO 12/31/23)/FAMILY PRACTNR 0.20
Director
$0 $46,415 $1,008,224
DEBOY BEAMON TRUSTEE (FR 1/1/23) 0.20
Director
$0 $0 $0
FRANK BURTON MD VICE CH(TO 11/28/23),CH(FR 11/28/23) 0.20
Officer Director
$0 $0 $0
HAROLD THORNBURG TRUSTEE (FR 1/1/23)/CLINIC ADMIN II 0.20
Director
$0 $26,523 $140,838
HOLLY WATTS TRUSTEE (TO 3/21/23)/PAT EXP ADVR II 0.20
Director
$0 $17,243 $115,825
HOPE SURRATT TRUSTEE (TO 12/31/23) 0.20
Director
$0 $0 $0
JAIME CALLICUTT TRUSTEE (TO 8/29/23) 0.20
Director
$0 $0 $0
JARROD DUNBAR TTE(FR 1/1/23), VICE CH(FR 11/28/23) 0.20
Officer Director
$0 $0 $0
JOSEPH STRINGFELLOW MD TRUSTEE/OBSTETRICIAN 0.20
Director
$0 $50,555 $424,104
JUSTIN FINCH TRUSTEE, TREAS (TO 11/28/23) 0.20
Officer Director
$0 $0 $0
LUZANGELA SHOFFNER TRUSTEE (FR 1/1/23) 0.20
Director
$0 $0 $0
MARY AKERMAN TRUSTEE, CHAIR (TO 11/28/23) 0.20
Officer Director
$0 $0 $0
MELISSA LAWRENCE TRUSTEE (TO 12/31/23) 0.20
Director
$0 $0 $0
MOLLY LASSITER SECR 0.20
Officer Director
$0 $0 $0
RESA RAULSTON TRUSTEE (FR 1/1/23) 0.20
Director
$0 $0 $0
SUSAN MCMILLAN TRUSTEE (TO 12/31/23) 0.20
Director
$0 $0 $0
DOROTHY ANN CAULKINS SVP FDN 8.00
Officer
$0 $111,754 $836,987
FRED HARGETT EVP/CFO (TO 9/6/23) 0.20
Officer
$0 $50,705 $2,451,375
GEOFFREY GARDNER CFO (FR 9/6/23) 0.20
Officer
$0 $128,749 $1,037,855
HEATHER EGAN EXEC DIRECTOR 25.00
Officer
$0 $45,792 $213,028
KIMBERLY HENDERSON FMR OFFICER (12/31/19) 0.00
$0 $155,975 $1,241,092
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 $267,117 $165,518 $2,483,887 $101,599
2022 $717,492 $85,985 $2,238,844 $631,507
2021 $368,350 $456,370 $1,792,923 $-88,020
2020 $157,032 $262,957 $1,790,384 $-105,925
2019 $384,708 $238,522 $1,671,403 $146,186
2018 $184,458 $281,631 $1,216,103 $-97,173
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