University Health Systems of Eastern Carolina Inc

EIN: 562141073 501(c)(3) Health Care

Greenville, NC

Total Revenue
$401,268,193
Total Expenses
$438,691,191
Total Assets
$508,370,578
Net Assets
$-252,446,538
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
NC
Principal Officer
MICHAEL WALDRUM
Phone
2528475129
Tax Period
2023-10-01 to 2024-09-30

University Health Systems of Eastern Carolina Inc, founded in 1998, is a major nonprofit in the Health Care sector that reported $401.3M in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum.

Mission

TO ADVANCE AND SUPPORT THE HEALTHCARE NEEDS OF THE COMMUNITIES OF 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 (2023)

Revenue Breakdown

Contributions & Grants $823,336
Program Service Revenue $386,710,348
Investment Income $13,726,459
Other Revenue $8,050
TOTAL REVENUE $401,268,193

Expense Breakdown

Grants Paid $366,550
Salaries & Benefits $200,795,757
Fundraising Expenses $0
Program Expenses $398,436,733
Other Expenses $237,528,884
TOTAL EXPENSES $438,691,191

Year-over-Year Comparison

2023 2022 Change
Revenue $401,268,193 $307,032,884 +0.3%
Expenses $438,691,191 $371,762,766 +0.2%
Net Income $-37,422,998 $-64,729,882 -0.4%
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
11
Independent Members
8
Employees
N/A
Volunteers
8

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
$5,765,482
Total Directors
11
$101,825
Key Employees
16
$6,727,594
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL WALDRUM MD CHIEF EXECUTIVE OFFICER 40.0
Officer
$1,377,781 $368,120 $1,745,901
WILLIAM FLOYD COO/PRES. ECU HEALTH MED CTR 2.0
Officer
$0 $259,617 $1,078,651
ANDY ZUKOWSKI CHIEF FINANCIAL OFFICER 40.0
Officer
$747,262 $158,895 $906,157
LEIGH ANN HARRISON ADMIN, PATIENT FINANCIAL SERV 40.0
Highest
$307,331 $483,087 $790,418
NITI ARMISTEAD MD Chief Clin. & Quality Officer 40.0
Officer
$623,804 $145,210 $769,014
JAY BRILEY AS OF 124 PRES., ECUH COMM HOSP/ECUHMC 40.0
Officer
$512,320 $175,853 $688,173
DONNETTE HERRING CHIEF INFORMATION OFFICER 40.0
Key Emp
$519,567 $155,575 $675,142
RYAN HICKEY CHIEF STRATEGY OFFICER 40.0
Key Emp
$496,562 $175,827 $672,389
TRISH BAISE CHIEF NURSE EXECUTIVE 40.0
Key Emp
$509,303 $119,736 $629,039
JULIE OEHLERT CHIEF EXPERIENCE OFFICER 40.0
Key Emp
$460,155 $141,416 $601,571
VAN SMITH AS OF 124 PRES., ECU HEALTH CMUNTY HOSP. 2.0
Officer
$0 $180,449 $577,586
WILLIAM GLIDEWELL III SR. ADMIN, CENT BUS OFF 40.0
Highest
$425,390 $75,523 $500,913
JOSEPH PYE SVP, MEDICAL AFFAIRS 40.0
Key Emp
$376,877 $119,011 $495,888
BRIAN DUNN AS OF 423 SVP, FINANCIAL SERVICES 40.0
Key Emp
$369,565 $87,663 $457,228
VICKI HADDOCK VP, OFFICE OF GEN COUNSEL 40.0
Key Emp
$260,119 $190,208 $450,327
RICHARD MEDFORD AS OF 523 Chief Med. Information Officer 40.0
Key Emp
$401,855 $36,326 $438,181
DAVID MICHAEL THRU 423 CHIEF MED. INFOrmation OFficer 40.0
Key Emp
$351,056 $84,586 $435,642
MARK DUNN CHIEF D&I & TALENT MGMT 40.0
Key Emp
$357,225 $66,719 $423,944
CHRISTINA BOWEN CHIEF WELL-BEING OFFICER 40.0
Highest
$366,973 $41,141 $408,114
TERESA ANDERSON SVP, QUALITY 40.0
Key Emp
$274,341 $130,585 $404,926
KIRK DAVIS VP, INFORMATION SECURITY-CISO 40.0
Highest
$319,658 $85,183 $404,841
KELLY WEATHERLY VP, TOTAL REWARDS 40.0
Key Emp
$297,086 $73,239 $370,325
JASON BUSKIRK VP, ENTERPRISE DATA&ANALYTICS 40.0
Highest
$312,634 $41,240 $353,874
ANDREW MONTGOMERY VP, SUPPLY CHAIN 40.0
Key Emp
$292,919 $39,069 $331,988
JAMES WALTON IV VP, FACILITIES AND PROPERTIES 40.0
Key Emp
$185,205 $130,272 $315,477
David S Hughes former CFO 0.0
$267,387 $7,799 $275,186
CHARLENE WILSON CHIEF PEOPLE OFFICER 40.0
Key Emp
$200,290 $70,010 $270,300
DEBORAH DAVIS SECRETARY 2.0
Director
$0 $101,825 $101,825
BOB GRECZYN CHAIRMAN 2.0
Director
$0 $0 $0
ANAND TEWARI MD VICE CHAIRMAN 2.0
Director
$0 $0 $0
JIMMY GARRIS TREASURER 2.0
Director
$0 $0 $0
MARCUS ALBERNAZ MD ASST. SECRETARY 2.0
Director
$0 $0 $0
SHIRLEY CARRAWAY BOARD MEMBER 2.0
Director
$0 $0 $0
VERN DAVENPORT BOARD MEMBER 2.0
Director
$0 $0 $0
ERNIE EVANS BOARD MEMBER 2.0
Director
$0 $0 $0
WILLIAM MONK BOARD MEMBER 2.0
Director
$0 $0 $0
PHILIP ROGERS BOARD MEMBER 2.0
Director
$0 $0 $0
DIANE TAYLOR BOARD MEMBER 2.0
Director
$0 $0 $0
JENNIFER THOMAS SVP, FINANCIAL SERVICES 40.0
Key Emp
$193,427 $-438,200 $-244,773
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 $401,268,193 $438,691,191 $508,370,578 $-37,422,998
2023 $307,032,884 $371,762,766 $302,588,318 $-64,729,882
2022 $291,812,105 $324,311,294 $235,027,049 $-32,499,189
2021 $334,615,086 $296,645,543 $305,100,320 $37,969,543
2020 $265,011,443 $277,702,813 $314,187,145 $-12,691,370
2019 $250,594,781 $271,030,980 $215,968,711 $-20,436,199
2018 $227,895,051 $250,708,516 $282,856,849 $-22,813,465
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