BERMUDA RUN, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)DAVIE MEDICAL CENTER, founded in 2001, is a major nonprofit that reported $141.3M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $38.2M, a strong 27% operating margin.
DAVIE MEDICAL CENTER (DBA ATRIUM HEALTH WAKE FOREST BAPTIST DAVIE MEDICAL CENTER, AT TIMES ALSO REFERRED TO AS THE "HOSPITAL OR "AHWFB-DMC OR "THE FILING ORGANIZATION") IS AN INTEGRAL PART OF ATRIUM HEALTH WAKE FOREST BAPTIST (AT TIMES ALSO REFERRED TO AS "AHWFB"), A PREEMINENT LEARNING HEALTH SYSTEM AND ACADEMIC MEDICAL CENTER OF THE HIGHEST QUALITY WITH BALANCED EXCELLENCE IN PATIENT CARE, RESEARCH AND EDUCATION THAT PROMOTES BETTER HEALTH FOR ALL THROUGH COLLABORATION, EXCELLENCE, AND INNOVATION. AHWFB'S MISSION IS TO IMPROVE HEALTH, ELEVATE HOPE, AND ADVANCE HEALING FOR ALL. AHWFB'S VISION IS TO BE THE FIRST AND BEST CHOICE FOR CARE.
THE ORGANIZATION OPERATES A 50 ACUTE CARE BED HOSPITAL PROVIDING MEDICAL, EMERGENCY, AND OUTPATIENT CARE SERVICES TO THE RESIDENTS OF DAVIE COUNTY, NORTH CAROLINA AND SURROUNDING AREAS. THE...
THE ORGANIZATION OPERATES A 50 ACUTE CARE BED HOSPITAL PROVIDING MEDICAL, EMERGENCY, AND OUTPATIENT CARE SERVICES TO THE RESIDENTS OF DAVIE COUNTY, NORTH CAROLINA AND SURROUNDING AREAS. THE ORGANIZATION SERVES AS A SATELLITE PROVIDER OF ATRIUM HEALTH WAKE FOREST BAPTIST SPECIALTY SERVICES AT ITS BERMUDA RUN CAMPUS IN BOTH MEDICAL PLAZA ONE AND MEDICAL PLAZA TWO, INCLUDING CARDIAC REHABILITATION, CARDIOLOGY, OPHTHALMOLOGY, GASTROENTEROLOGY, NEUROLOGY, NEUROSURGERY, ORTHOPAEDICS, PULMONOLOGY, PODIATRY, IMAGING, PHYSICAL THERAPY, OCCUPATIONAL THERAPY, ENDOSCOPY, LAB AND PHARMACY. THE ORGANIZATION IS ACCREDITED BY THE JOINT COMMISSION ON ACCREDITATION OF HEALTHCARE ORGANIZATIONS AND HAS BEEN COMMITTED TO SERVING THE HEALTHCARE NEEDS OF DAVIE COUNTY SINCE 2013.DURING TAX YEAR 2023, THE HOSPITAL FACILITY HAD APPROXIMATELY 4,500 PATIENT DAYS, WITH 1,900 INPATIENT ADMISSIONS, 5,550 OUTPATIENT OR CASES AND 29,300 EMERGENCY ROOM VISITS.THE ORGANIZATION PROVIDES NUMEROUS RESOURCES, ACTIVITIES, AND PROGRAMS TO SERVE THE HEALTH NEEDS OF ITS COMMUNITY. THESE PROGRAMS INCLUDE: - BESTHEALTH - A COMMUNITY WELLNESS OUTREACH PROGRAM OF AHWFB OFFERING HEALTH SEMINARS, SCREENINGS, COOKING AND FITNESS CLASSES, ONLINE HEALTH RESOURCES AND A MEMBERSHIP PROGRAM WITH SPECIAL BENEFITS. SEMINARS LED BY EXPERTS FROM AHWFB PROVIDE THE LATEST INFORMATION ABOUT A VARIETY OF HEALTH TOPICS IN TALKS HELD AT CONVENIENT LOCATIONS THROUGHOUT THE COMMUNITY. MEMBERSHIP BENEFITS INCLUDE FREE HEALTH SCREENINGS, WELLNESS CHALLENGES, DISCOUNTS TO PARTICIPATING LOCAL MERCHANTS, E-NEWSLETTERS, AND PRIORITY NOTIFICATION OF EVENTS AND PROGRAMS.- FAITHHEALTHNC - AN INITIATIVE THAT CONNECTS THE CARING STRENGTHS OF CONGREGATIONS, THE CLINICAL EXPERTISE OF PROVIDERS, AND A NETWORK OF COMMUNITY RESOURCES TO EASE THOSE ON THE JOURNEY TO HEALTH AND HEALING, STRENGTHENING COMMUNITIES IN THE PROCESS. THERE ARE TWO FAITHHEALTH CONNECTORS IN DAVIE COUNTY THAT SERVE MARGINALIZED POPULATIONS AND GIVE VOICE TO HEALTH DISPARITIES IN THE COMMUNITIES SURROUNDING AHWFB-DMC. - CAREGIVER ACADEMY - A PROGRAM OFFERING FREE CLASSES TO EDUCATE THE COMMUNITY ON HOW TO PREPARE FOR CAREGIVING AND PROVIDE ASSISTANCE FOR LOVED ONES, INCLUDING FINDING THE RIGHT RESOURCES, BEING YOUR OWN HEALTH CARE ADVOCATE, AND DEALING WITH THE PAPERWORK AND FINANCIALBURDENS.- NURSING APPRENTICESHIPS - IN 2021 THE FILING ORGANIZATION, ATRIUM HEALTH LEXINGTON MEDICAL CENTER (LMC), AND ATRIUM HEALTH WAKE FOREST BAPTIST (AHWFB) ENTERED INTO A PARTNERSHIP WITH DAVIDSON-DAVIE COMMUNITY COLLEGE TO HELP IMPROVE THE NURSING SHORTAGE AFFECTING HEALTH CARE SYSTEMS IN THE REGION. THE PROGRAM IS THE FIRST REGISTERED NURSE APPRENTICESHIP PROGRAM IN NORTH CAROLINA TO BE APPROVED BY THE DEPARTMENT OF LABOR. IN 2022, THE FILING ORGANIZATION, LMC AND AHWFB ENTERED INTO A NEW PARTNERSHIP WITH DAVIDSON-DAVIE COMMUNITY COLLEGE TO CREATE THE LARGEST HEALTHCARE APPRENTICESHIP PROGRAM IN NORTH CAROLINA. STUDENTS WILL BE ABLE TO WORK IN A HEALTHCARE PROFESSION WHILE TAKING COURSES RELATED TO THEIR CAREER GOALS. COURSES ARE AVAILABLE FOR THE FOLLOWING HEALTHCARE PROFESSIONS: MEDICAL ASSISTING, MEDICAL LABORATORY TECHNOLOGY, NURSING, LICENSED PRACTICAL NURSING, PHARMACY TECHNOLOGY, CENTRAL STERILE PROCESSING, SURGICAL TECHNOLOGY, AND NURSE AIDE. THIS PARTNERSHIP BUILDS OFF THE SUCCESS OF THE 2021 COLLABORATION BETWEEN DAVIDSON-DAVIE COMMUNITY COLLEGE AND ATRIUM HEALTH WAKE FOREST BAPTIST TO LAUNCH THE STATE'S FIRST REGISTERED NURSE APPRENTICESHIP PROGRAM. THIS NEW COLLABORATION EXPANDS APPRENTICESHIP OPPORTUNITIES TO OTHER CRITICAL HEALTHCARE FIELDS. THIS UNIQUE PARTNERSHIP NOT ONLY OFFERS STRUCTURE THAT SUPPORTS AND GROWS THE PIPELINE OF HEALTH CARE LEARNERS, BUT AFFORDS THE UNIQUE OPPORTUNITY TO ENGAGE IN NEW THOUGHTS REGARDING MODELS OF CARE DESIGN AND LEVERAGE THE ACADEMIC LEARNING HEALTHCARE SYSTEM.IN ADDITION TO COMMUNITY PROGRAMS, THE HOSPITAL REGULARLY REINVESTS FUNDS IN MEDICAL TECHNOLOGIES AND STATE-OF-THE ART EQUIPMENT TO BETTER MEET THE HEALTH NEEDS OF THE COMMUNITY. HIGHLIGHTING ITS NATIONALLY RECOGNIZED ACHIEVEMENTS IN PATIENT SAFETY AND QUALITY, ATRIUM HEALTH WAKE FOREST BAPTIST DAVIE MEDICAL CENTER RECEIVED ITS FIFTH CONSECUTIVE 'A' GRADE FROM THE LEAPFROG GROUP.
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)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $141,261,888 | $123,555,917 | +0.1% |
| Expenses | $103,022,038 | $92,256,042 | +0.1% |
| Net Income | $38,239,850 | $31,299,875 | +0.2% |
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 |
|---|---|---|---|---|---|---|
| BRADLEY A CLARK | TREASURER | 0.50 |
Officer
|
$1,431,976 | $145,795 | $1,577,771 |
| CATHLEEN WHEATLEY | CHAIR (FR 7/23/23) | 1.00 |
Officer
Director
|
$0 | $33,711 | $1,176,364 |
| J MCLAIN WALLACE JR | SECRETARY | 0.50 |
Officer
|
$0 | $35,934 | $1,019,508 |
| MICHAEL T WAID | BOARD MEMBER | 2.00 |
Director
|
$0 | $57,880 | $855,814 |
| DEBORAH HARDING | BOARD MEMBER | 2.00 |
Director
|
$0 | $72,765 | $599,068 |
| JENA FOLGER | BOARD MEMBER | 2.00 |
Director
|
$0 | $49,165 | $540,540 |
| CHAD BROWN | PRESIDENT | 20.00 |
Officer
|
$475,430 | $54,921 | $530,351 |
| BARRY WALD | FINANCE DIRECTOR | 10.00 |
Key Emp
|
$0 | $36,709 | $282,465 |
| LORI KOETHE | CHIEF NURSING OFFICER | 40.00 |
Highest
|
$0 | $33,169 | $257,503 |
| CHRISTINA MAFFUCCI | INTERNAL TEMP NURSE | 40.00 |
Highest
|
$0 | $0 | $204,806 |
| CHARLES HARTIS | PHARMACIST PRACTICE LEADER | 40.00 |
Highest
|
$0 | $40,220 | $197,984 |
| WILL PEARSALL | PHARMACY CLINICAL COORDINATOR | 40.00 |
Highest
|
$0 | $33,199 | $186,581 |
| SARAH GRIFFIN | PHARMACY CLINICAL COORDINATOR | 40.00 |
Highest
|
$0 | $18,703 | $161,371 |
| CHARLES L BRANCH JR MD | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| CRAIG GREVEN MD | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| CYNTHIA EMORY | BOARD MEMBER (FR 7/1/23) | 2.00 |
Director
|
$0 | $0 | $0 |
| DARRIN HARTNESS | BOARD MEMBER (TO 7/11/23) | 2.00 |
Director
|
$0 | $0 | $0 |
| DAVID W ZAAS MD | BOARD MEMBER (FR 10/1/23) | 2.00 |
Director
|
$0 | $0 | $0 |
| KENNETH PEACOCK | BOARD MEMBER (TO 10/6/23) | 2.00 |
Director
|
$0 | $0 | $0 |
| KENNETH RETHMEIER | BOARD MEMBER (TO 7/27/23) | 2.00 |
Director
|
$0 | $0 | $0 |
| KEVIN P HIGH MD | CHAIR (TO 10/1/23) | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| L ANDREW KOMAN MD | BOARD MEMBER (TO 7/1/23) | 2.00 |
Director
|
$0 | $0 | $0 |
| PHILLIP FULLER | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| RUSSELL M HOWERTON MD | BOARD MEMBER | 0.20 |
Director
|
$0 | $0 | $0 |
| STEPHEN L ROBERTSON | BOARD MEMBER (TO 12/31/23) | 2.00 |
Director
|
$0 | $0 | $0 |
| TERRY RENEGAR | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| WILLIAM JUNKER | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $141,261,888 | $103,022,038 | $235,277,986 | $38,239,850 |
| 2022 | $123,555,917 | $92,256,042 | $200,496,290 | $31,299,875 |
| 2021 | $58,360,169 | $43,663,092 | $174,395,184 | $14,697,077 |
| 2021 | $108,391,644 | $78,276,203 | $161,842,708 | $30,115,441 |
| 2020 | $83,666,061 | $67,725,726 | $135,525,491 | $15,940,335 |
| 2019 | $86,714,635 | $67,553,194 | $52,134,000 | $19,161,441 |
| 2018 | $77,025,618 | $62,046,144 | $43,180,092 | $14,979,474 |
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