MOSES H CONE MEMORIAL HOSPITAL OPERATING CORPORATION

EIN: 581588823 501(c)(3) Health Care

GREENSBORO, NC

Total Revenue
$2,307,557,291
Total Expenses
$2,042,818,228
Total Assets
$1,997,262,448
Net Assets
$1,725,444,945
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
NC
Principal Officer
ANDREW BARROW
Phone
3368327000
Tax Period
2023-10-01 to 2024-09-30

MOSES H CONE MEMORIAL HOSPITAL OPERATING CORPORATION, founded in 1985, is a large national nonprofit in the Health Care sector that reported $2.3B in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $2.0B left a modest 11% surplus.

Mission

WE SERVE OUR COMMUNITIES BY PREVENTING ILLNESS, RESTORING HEALTH AND PROVIDING COMFORT, THROUGH EXCEPTIONAL PEOPLE DELIVERING EXCEPTIONAL CARE.

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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 $34,203,452
Program Service Revenue $2,242,130,167
Investment Income $17,563,119
Other Revenue $13,660,553
TOTAL REVENUE $2,307,557,291

Expense Breakdown

Grants Paid $7,341,884
Salaries & Benefits $866,922,188
Fundraising Expenses $0
Program Expenses $1,839,270,592
Other Expenses $1,168,554,156
TOTAL EXPENSES $2,042,818,228

Year-over-Year Comparison

2023 2022 Change
Revenue $2,307,557,291 $1,929,317,490 +0.2%
Expenses $2,042,818,228 $1,745,593,096 +0.2%
Net Income $264,739,063 $183,724,394 +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
15
Independent Members
13
Employees
12233
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
16
$8,473,239
Total Directors
15
$1,990,921
Key Employees
2
$1,306,129
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CAGLE MD MARY JO PRESIDENT & CEO 40.0
Officer Director
$1,587,536 $90,745 $1,678,281
PRIEST MD MARLON EXE VP & ASST SEC THRU 02/24 40.0
Officer
$902,565 $82,340 $984,905
KATRAGADDA SREEDHAR PHYSICIAN 40.0
Highest
$930,404 $24,636 $955,040
EATON MANDY CHIEF OPERATING OFFICER 40.0
Officer
$861,178 $79,400 $940,578
BOKSHAN STEVEN PHYSICIAN 40.0
Highest
$834,526 $52,682 $887,208
HAMMOCK PRESTON SVP & PRESIDENT MOSES CONE HOS 40.0
Key Emp
$765,653 $76,546 $842,199
BARROW ANDREW CFO & SECRETARY 40.0
Officer
$719,090 $91,844 $810,934
PATEL BAKUL EVP & CHIEF INFORMATION OFFICE 40.0
Highest
$710,000 $34,494 $744,494
AKIN TERRENCE FORMER PRESIDENT & CEO 40.0
$735,294 $8,597 $743,891
CARTER ROBERT SVP & CHIEF LEGAL COUNSEL 40.0
Officer
$563,659 $83,480 $647,139
CASTANEDA MAYORGA DANIEL PHYSICIAN 40.0
Highest
$601,965 $34,720 $636,685
THEKKEKANDAM THOMAS PHYSICIAN 40.0
Highest
$593,736 $34,196 $627,932
MILLER JOHN CIO & TREASURER 0.0
Officer
$0 $119,314 $606,686
CORNUE CHRISTOPHER EXECUTIVE VP & ASSISTANT SECRE 40.0
Officer
$514,675 $35,203 $549,878
SWORDS BRUCE FORMER CHIEF PHYSICIAN EXEC. 40.0
$518,717 $0 $518,717
ADAMOLEKUN MICHELLE EXECUTIVE VP & ASSITANT SECRE 40.0
Officer
$432,455 $78,087 $510,542
REMPHER KENNETH FORMER EVP & ASST. SECRETARY 40.0
$495,267 $2,378 $497,645
ANTRUM DNP VI-ANNE EXECUTIVE VP & ASSISTANT SECRE 40.0
Officer
$453,879 $34,628 $488,507
JEFFREY PAUL SVP & PRES. WESLEY LONG HOSP. 40.0
Key Emp
$452,610 $11,320 $463,930
STUCKEY MD THOMAS TRUSTEE 40.0
Director
$224,683 $87,957 $312,640
NELMS JASON VP & ASSISTANT TREASURER 40.0
Officer
$265,644 $30,460 $296,104
FORTNEY CATHARINE VP & CHIEF COMPLIANCE OFFICER 40.0
Officer
$256,964 $32,968 $289,932
HAYWOOD MEHEE ASSISTANT TREASURER 0.0
Officer
$0 $84,727 $233,614
SMITH RENE ASSISTANT TREASURER 40.0
Officer
$193,809 $30,311 $224,120
KITZMILLER DAVID ASSISTANT TREASURER 40.0
Officer
$166,597 $45,422 $212,019
BOYLSTON MD YUN TRUSTEE 0.0
Director
$0 $0 $0
BRANDON MD ASHLEY TRUSTEE 0.0
Director
$0 $0 $0
CAMPBELL PHD LENORA TRUSTEE 0.0
Director
$0 $0 $0
CHANDLER THOMAS TRUSTEE 0.0
Director
$0 $0 $0
CONE EDWARD TRUSTEE 0.0
Director
$0 $0 $0
DONNELLY ABBY TRUSTEE 0.0
Director
$0 $0 $0
DOUGLAS MAE CHAIR 0.0
Officer Director
$0 $0 $0
FRENCH DAVID TRUSTEE 0.0
Director
$0 $0 $0
GONZALEZ MARIA TRUSTEE 0.0
Director
$0 $0 $0
HAYES WILLIAM VICE CHAIR 0.0
Officer Director
$0 $0 $0
MCIVOR WILLIAM TRUSTEE 0.0
Director
$0 $0 $0
SAMET ARTHUR TRUSTEE 0.0
Director
$0 $0 $0
STRINGER MD ARTHUR TRUSTEE 0.0
Director
$0 $0 $0
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
2024 $2,307,557,291 $2,042,818,228 $1,997,262,448 $264,739,063
2023 $1,929,317,490 $1,745,593,096 $1,716,180,015 $183,724,394
2022 $1,647,783,819 $1,611,711,413 $1,450,926,626 $36,072,406
2021 $1,595,599,944 $1,495,459,193 $1,514,115,130 $100,140,751
2020 $1,501,803,098 $1,341,964,389 $1,431,681,304 $159,838,709
2019 $1,404,159,415 $1,345,382,220 $1,126,496,791 $58,777,195
2019 $1,404,159,415 $1,345,382,220 $1,126,496,791 $58,777,195
2018 $1,285,603,522 $1,183,133,833 $962,297,096 $102,469,689
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