MURPHY MEDICAL CENTER INC DBA ERLANGER WESTERN CAROLINA HOSPITAL

EIN: 561844262 501(c)(3) Health Care

MURPHY, NC

Total Revenue
$69,080,898
Total Expenses
$68,916,772
Total Assets
$56,424,666
Net Assets
$10,830,437
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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
1993
Legal Domicile
NC
Principal Officer
STEPHANIE BOYNTON
Phone
8288378161
Tax Period
2022-07-01 to 2023-06-30

MURPHY MEDICAL CENTER INC DBA ERLANGER WESTERN CAROLINA HOSPITAL, founded in 1993, is a mid-sized nonprofit in the Health Care sector that reported $69.1M in total revenue in fiscal year 2022. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

PROVIDING MEDICAL CARE TO THE COMMUNITY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $77,062
Program Service Revenue $68,507,033
Investment Income $437,974
Other Revenue $58,829
TOTAL REVENUE $69,080,898

Expense Breakdown

Grants Paid $0
Salaries & Benefits $33,226,517
Fundraising Expenses $0
Program Expenses $53,719,531
Other Expenses $35,690,255
TOTAL EXPENSES $68,916,772

Year-over-Year Comparison

2022 2021 Change
Revenue $69,080,898 $60,971,204 +0.1%
Expenses $68,916,772 $65,233,311 +0.1%
Net Income $164,126 $-4,262,107 -1.0%
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
13
Independent Members
10
Employees
541
Volunteers
21

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
$554,158
Total Directors
13
$1,562,632
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHEILA BOYINGTON BOARD CHAIR 1.00
Director
$0 $0 $0
VICKY GREGG BOARD VICE-CHAIR 1.00
Director
$0 $0 $0
JIM COLEMAN BOARD MEMBER, CEO OF ERLANGER 1.00
Director
$0 $3,426 $298,096
ROBERT MALONEY BOARD MEMBER, COO OF ERLANGER 1.00
Director
$0 $30,628 $560,417
LYNN DEJACO BOARD MEMBER, CFO OF ERLANGER 1.00
Director
$0 $20,424 $704,119
JOHN GERM BOARD MEMBER 1.00
Director
$0 $0 $0
DEBBIE INGRAM BOARD MEMBER 1.00
Director
$0 $0 $0
BARRY LARGE BOARD MEMBER 1.00
Director
$0 $0 $0
WARREN MCEWEN BOARD MEMBER 1.00
Director
$0 $0 $0
LINDA MINES BOARD MEMBER 1.00
Director
$0 $0 $0
MITCHELL MUTTER BOARD MEMBER 1.00
Director
$0 $0 $0
CHRISTOPHER POOLE BOARD MEMBER 1.00
Director
$0 $0 $0
LEMON WILLIAMS JR BOARD MEMBER 1.00
Director
$0 $0 $0
STEPHANIE BOYNTON CEO 40.00
Officer
$0 $30,116 $333,597
TERESA BOWLEG CNO/ADMINISTRATOR 40.00
Officer
$194,199 $26,362 $220,561
ERIC CLARKE MD ORTHOPEDIC SURGEON 40.00
Highest
$560,428 $15,312 $575,740
THOMAS CLAYTON MD FAMILY MEDICINE PHYSICIAN 40.00
Highest
$425,359 $15,978 $441,337
JEFFREY MARTIN MD UROLOGIST 40.00
Highest
$523,927 $31,913 $555,840
MICHAEL NERNEY MD GENERAL SURGEON 40.00
Highest
$576,013 $26,432 $602,445
STEPHEN PURVIS DO ORTHOPEDIC SURGEON 40.00
Highest
$320,268 $17,072 $337,340
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $69,080,898 $68,916,772 $56,424,666 $164,126
2022 $60,971,204 $65,233,311 $51,075,127 $-4,262,107
2021 $64,166,797 $63,838,914 $53,187,250 $327,883
2020 $71,858,665 $71,188,613 $47,276,141 $670,052
2019 $76,070,313 $74,804,247 $36,161,543 $1,266,066
2018 $69,157,114 $72,244,463 $36,250,903 $-3,087,349
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