WRMC HOSPITAL OPERATING CORPORATION

EIN: 830343789 501(c)(3) Health Care

NORTH WILKESBORO, NC

Total Revenue
$143,778,273
Total Expenses
$136,791,307
Total Assets
$126,580,924
Net Assets
$74,010,992
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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
NC
Principal Officer
CHAD BROWN
Phone
3367164445
Tax Period
2023-01-01 to 2023-12-31

WRMC HOSPITAL OPERATING CORPORATION, founded in 1996, is a major nonprofit in the Health Care sector that reported $143.8M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $136.8M left a modest 5% surplus.

Mission

WRMC HOSPITAL OPERATING CORPORATION (DBA ATRIUM HEALTH WAKE FOREST BAPTIST WILKES MEDICAL CENTER, AT TIMES ALSO REFERRED TO AS THE "HOSPITAL OR "AHWFB-WMC OR "THE FILING ORGANIZATION") IS AN INTEGRAL PART OF ATRIUM HEALTH WAKE FOREST BAPTIST (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.

Program Service Accomplishments

Program 1
Expenses: $126,982,344 Revenue: $143,184,627

THE ORGANIZATION OPERATES A 130 ACUTE CARE BED HOSPITAL, INCLUDING A 10-BED SKILLED NURSING UNIT, PROVIDING MEDICAL, EMERGENCY, AND OUTPATIENT CARE SERVICES TO THE RESIDENTS OF ALLEGHANY, ALEXANDER...

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THE ORGANIZATION OPERATES A 130 ACUTE CARE BED HOSPITAL, INCLUDING A 10-BED SKILLED NURSING UNIT, PROVIDING MEDICAL, EMERGENCY, AND OUTPATIENT CARE SERVICES TO THE RESIDENTS OF ALLEGHANY, ALEXANDER, ASHE, CALDWELL, IREDELL, SURRY, WATAUGA, AND WILKES COUNTIES. THE ORGANIZATION SERVES AS A SATELLITE PROVIDER OF ATRIUM HEALTH WAKE FOREST BAPTIST (AHWFB) SPECIALTY SERVICES AT ITS NORTH WILKESBORO CAMPUS, INCLUDING CARDIOLOGY, IMAGING, ENT, GASTROENTEROLOGY, NEPHROLOGY, NEUROLOGY, OB/GYN, OPHTHALMOLOGY, PATHOLOGY, PEDIATRICS, ORTHOPEDICS, AND UROLOGY. THE ORGANIZATION IS ACCREDITED BY THE JOINT COMMISSION ON ACCREDITATION OF HEALTHCARE ORGANIZATIONS AND HAS BEEN COMMITTED TO SERVING THE HEALTHCARE NEEDS OF WILKES COUNTY SINCE 1952. DURING CALENDAR YEAR 2023, THE HOSPITAL FACILITY HAD APPROXIMATELY 17,200 PATIENT DAYS, INCLUDING APPROXIMATELY 4,000 ADMISSIONS, AND APPROXIMATELY 29,800 EMERGENCY DEPARTMENT VISITS. THE ORGANIZATION PROVIDES NUMEROUS RESOURCES, ACTIVITIES, AND PROGRAMS TO SERVE THE HEALTH NEEDS OF ITS COMMUNITY. THESE PROGRAMS INCLUDE: --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 WHILE STRENGTHENING COMMUNITIES IN THE PROCESS. THERE ARE FAITHHEALTH CONNECTORS IN DAVIDSON COUNTY THAT SERVE MARGINALIZED POPULATIONS AND GIVE VOICE TO HEALTH DISPARITIES IN THE COMMUNITIES SURROUNDING THE MEDICAL CENTER.-- ATHLETIC TRAINERS CERTIFIED ATHLETIC TRAINERS (ATC), PROVIDED BY AHWFB, WORKS FULL-TIME IN THE PUBLIC HIGH SCHOOLS IN WILKES COUNTY THAT HAVE ATHLETIC PROGRAMS. THE ATC'S WORKS WITH STUDENT ATHLETES AND THEIR COACHES TO HELP KEEP THE ATHLETES SAFE AND HEALTHY AND TO TREAT AND HELP REHABILITATE SPORTS-RELATED INJURIES. -- CARE CONNECTION PHARMACY PROGRAM THAT PROVIDES FREE AND DISCOUNTED DRUGS TO THOSE UNABLE TO PAY FOR MEDICATIONS. IN RECENT YEARS, GRANT FUNDING RECEIVED FROM THE NC HEALTH AND WELLNESS TRUST FUND COMMISSION WAS USED TO UPGRADE THE TECHNOLOGY AND FUNDING OF THE PHARMACY. FOR EACH DOLLAR INVESTED IN THE PROGRAM, AN ESTIMATED $9 RETAIL VALUE OF PRESCRIPTION DRUGS HAVE BEEN ACQUIRED FOR QUALIFYING CITIZENS OF WILKES COUNTY. THIS PROGRAM ENABLES PATIENTS TO STAY COMPLIANT WITH THEIR MEDICAL TREATMENT PLAN AND REDUCE THE OCCURRENCE OF READMISSION. AHWFB-WMC ALSO SUPPORTS A SYRINGE EXCHANGE PROGRAM (SEP) AT THE PHARMACY. IN ADDITION TO COMMUNITY PROGRAMS, THE HOSPITAL REGULARLY REINVESTS FUNDS IN MEDICAL TECHNOLOGIES AND STATE-OF-THE-ART EQUIPMENT TO BETTER MEET THE NEEDS OF THE COMMUNITY. HOSPITAL LEADERSHIP WORKS DIRECTLY WITH THE WILKES MEDICAL CENTER FOUNDATION TO IDENTIFY AND VALIDATE GRANT PROPOSALS THAT ADDRESS ITS COMMUNITY HEALTH NEEDS ASSESSMENT. ATRIUM HEALTH WAKE FOREST BAPTIST LAUNCHED A NEW VIRTUAL SERVICE TO BETTER AND MORE QUICKLY MEET THE NEEDS OF PATIENTS HOSPITALIZED AT THE HEALTH SYSTEM'S HOSPITALS IN NORTH WILKESBORO AND LEXINGTON, NORTH CAROLINA. IN 2023, ATRIUM HEALTH WAKE FOREST BAPTIST WILKES MEDICAL CENTER ADDED COMPREHENSIVE SEXUAL ASSAULT NURSE EXAMINER (SANE) EXAMS FOR PATIENTS 16 YEARS OF AGE AND OLDER. SANE NURSES ARE REGISTERED NURSES WHO HAVE UNDERGONE ADDITIONAL, SPECIALIZED TRAINING TO CARE FOR THOSE EXPERIENCING HEALTH EFFECTS ASSOCIATED WITH SEXUAL ASSAULT. PRIOR TO OFFERING THIS SERVICE, PATIENTS WHO EXPERIENCED SEXUAL ASSAULT HAD TO BE TRANSFERRED TO ATRIUM HEALTH WAKE FOREST BAPTIST MEDICAL CENTER IN WINSTON-SALEM, NC TO RECEIVE A COMPREHENSIVE FORENSIC EXAM BY A TRAINED SANE NURSE. HAVING THESE SERVICES AVAILABLE LOCALLY ALLOWS PROVIDERS TO PROVIDE SAFE AND MORE COMPASSIONATE CARE TO ALREADY VULNERABLE PATIENTS. ALSO IN 2023, AHWFB BEGAN INSTALLING WALK-THROUGH METAL DETECTORS AT EMERGENCY DEPARTMENTS ACROSS THE HEALTH SYSTEM, INCLUDING ATRIUM HEALTH WAKE FOREST BAPTIST WILKES MEDICAL CENTER. THE REGISTRATION AND METAL SCREENING PROCESSES ARE PART OF AN OVERALL STRATEGY TO CREATE A SAFER ENVIRONMENT BY MINIMIZING THE OPPORTUNITY FOR VIOLENT EVENTS INVOLVING WEAPONS. AMNESTY BOXES ARE ALSO INSTALLED OUTSIDE OF THE EMERGENCY DEPARTMENTS FOR PATIENTS AND VISITORS TO VOLUNTARILY DISCARD PROHIBITED ITEMS, SUCH AS KNIVES AND FIREARMS, BEFORE THEY ENTER.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $175,488
Program Service Revenue $143,184,627
Investment Income $233,440
Other Revenue $184,718
TOTAL REVENUE $143,778,273

Expense Breakdown

Grants Paid $668,417
Salaries & Benefits $63,986,794
Fundraising Expenses $0
Program Expenses $126,982,344
Other Expenses $72,136,096
TOTAL EXPENSES $136,791,307

Year-over-Year Comparison

2023 2022 Change
Revenue $143,778,273 $122,914,632 +0.2%
Expenses $136,791,307 $118,882,120 +0.2%
Net Income $6,986,966 $4,032,512 +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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Governance

Voting Members
8
Independent Members
3
Employees
N/A
Volunteers
15

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
$4,348,105
Total Directors
9
$3,131,999
Key Employees
0
$0
Highest Compensated
5
reported
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
J MCLAIN WALLACE JR SECRETARY 0.80
Officer
$0 $35,934 $1,019,508
MICHAEL T WAID CHAIR 0.70
Officer Director
$0 $57,880 $855,814
STEPHAN L LILLIE BOARD MEMBER 0.80
Director
$0 $33,957 $606,226
DEBORAH HARDING DNP BOARD MEMBER 1.00
Director
$0 $72,765 $599,068
JENA FOLGER BOARD MEMBER 1.00
Director
$0 $49,165 $540,540
CHAD BROWN BOARD MEMBER & PRESIDENT 20.00
Officer Director
$0 $54,921 $530,351
JOSHUA TROYER CLINICAL INSTRUCTOR CRNA 40.00
Highest
$0 $52,451 $363,299
JASON YOCKEY CHIEF CRNA 40.00
Highest
$0 $55,082 $336,250
JOHN RIEDEL CLINICAL INSTRUCTOR CRNA 40.00
Highest
$0 $47,183 $289,031
AARON ELLIOTT CLINICAL INSTRUCTOR CRNA 40.00
Highest
$0 $21,202 $287,197
BARRY WALD ASST TREASURER 30.00
Officer
$0 $36,709 $282,465
KRISTIE BRYAN CLINICAL INSTRUCTOR CRNA 40.00
Highest
$0 $37,451 $263,318
LORI MCNEIL ASST SECRETARY 40.00
Officer
$0 $31,266 $82,196
DAVID W ZAAS MD BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES ATKINS MD BOARD MEMBER 1.00
Director
$0 $0 $0
JOSEPH CALVERT MD BOARD MEMBER 1.00
Director
$0 $0 $0
PETER MATTHEW BELFORD MD BOARD MEMBER 1.00
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
2023 $143,778,273 $136,791,307 $126,580,924 $6,986,966
2022 $122,914,632 $118,882,120 $127,948,159 $4,032,512
2021 $60,798,642 $55,357,897 $135,989,352 $5,440,745
2021 $97,072,424 $97,315,568 $129,640,990 $-243,144
2020 $94,142,524 $90,395,069 $126,057,137 $3,747,455
2019 $79,846,969 $84,051,395 $124,862,287 $-4,204,426
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