Cannon Memorial Hospital

EIN: 570342027 501(c)(3) Health Care

Pickens, SC

Total Revenue
$33,495,647
Total Expenses
$32,526,452
Total Assets
$16,128,370
Net Assets
$-3,822,101
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1950
Legal Domicile
SC
Phone
8648784791
Tax Period
2023-01-01 to 2023-12-31

Cannon Memorial Hospital, founded in 1950, is a mid-sized nonprofit in the Health Care sector that reported $33.5M in total revenue in fiscal year 2023.

Mission

THE MISSION OF CANNON MEMORIAL HOSPITAL IS TO PROVIDE QUALITY HEALTHCARE IN A SAFE, COMPETENT, AND COMPASSIONATE MANNER.

Program Service Accomplishments

Program 1
Expenses: $29,097,071

CANNON MEMORIAL HOSPITAL OFFERS A FULL RANGE OF STATE-OF-THE-ART MEDICAL TECHNOLOGY, EQUIPMENT, AND SERVICES TO MEET THE HEALTH CARE NEEDS OF THE COMMUNITY. THE EXPANDED SERVICES OF THE HOSPITAL...

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CANNON MEMORIAL HOSPITAL OFFERS A FULL RANGE OF STATE-OF-THE-ART MEDICAL TECHNOLOGY, EQUIPMENT, AND SERVICES TO MEET THE HEALTH CARE NEEDS OF THE COMMUNITY. THE EXPANDED SERVICES OF THE HOSPITAL INCLUDE A 24-HOUR EMERGENCY DEPARTMENT, A FULL SERVICE LABORATORY, PHYSICAL AND OCCUPATIONAL THERAPY, CRITICAL CARE UNIT, WELLNESS PROGRAMS FOR ADULTS, AND DIAGNOSTIC IMAGING FOR BOTH INPATIENT AND OUTPATIENT TEST INCLUDING MRI AND CT SCANS. THE HOSPITAL PROVIDED 2,709 PATIENT DAYS OF CARE, 18,574 OP Visits, and 17,498 ER VISITS. CMH ALSO SPONSORS HEALTH FAIRS, FLU CLINICS, CPR TRAINING, SUPPORT GROUPS, AND MANY OTHER COMMUNITY WELLNESS SERVICES THROUGH THE WELLNESS CENTER LOCATED AT THE HOSPITAL.Carolina area. Provided 2,709 patient days of care and 17,498 ER visits.

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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 $236,203
Program Service Revenue $33,096,632
Investment Income $13,420
Other Revenue $149,392
TOTAL REVENUE $33,495,647

Expense Breakdown

Grants Paid $0
Salaries & Benefits $13,552,533
Fundraising Expenses $0
Program Expenses $29,097,071
Other Expenses $18,973,919
TOTAL EXPENSES $32,526,452

Year-over-Year Comparison

2023 2022 Change
Revenue $33,495,647 $34,634,372 0.0%
Expenses $32,526,452 $31,331,160 +0.0%
Net Income $969,195 $3,303,212 -0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
3
Employees
238
Volunteers
N/A

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
1
$460,536
Total Directors
7
$4,289,658
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Christine Pearson Board Member - CFO of AnMed Health 1.0
Director
$0 $291,980 $944,387
DR Robert Mock Board Member - CMO of AnMed Health 1.0
Director
$0 $289,037 $901,976
Harold Alexander Board Member 1.0
Director
$0 $0 $0
Linda S Cassell Board Member 1.0
Director
$0 $0 $0
Scott Weiskittel Board Member - COO of AnMed Health 1.0
Director
$0 $226,086 $660,425
William Kenley Board Member - CEO of AnMed Health 1.0
Director
$0 $621,785 $1,782,870
Zach Hinto Board Member 1.0
Director
$0 $0 $0
Michael Cunningham CEO 35.0
Officer
$317,379 $143,157 $460,536
Dean Trantham Physician 40.0
Highest
$230,376 $8,797 $239,173
John R Randolph Physician 40.0
Highest
$231,176 $25,887 $257,063
Peter C Schriver Physician 40.0
Highest
$234,093 $39,904 $273,997
Robert G Person Physician 40.0
Highest
$238,950 $28,605 $267,555
Travis Davis Physician 40.0
Highest
$226,210 $34,117 $260,327
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 $33,495,647 $32,526,452 $16,128,370 $969,195
2022 $34,634,372 $31,331,160 $11,917,939 $3,303,212
2021 $31,110,533 $34,634,866 $13,766,041 $-3,524,333
2020 $33,341,985 $34,164,512 $12,293,990 $-822,527
2019 $33,163,111 $33,884,574 $10,769,786 $-721,463
2018 $27,762,628 $29,484,527 $10,158,727 $-1,721,899
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