WAKEMED GROUP RETURN

EIN: 900893457 501(c)(3) Health Care

RALEIGH, NC

Total Revenue
$44,594,904
Total Expenses
$51,954,129
Total Assets
$481,033,732
Net Assets
$256,993,717
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Legal Domicile
NC
Phone
9193500522
Tax Period
2023-10-01 to 2024-09-30

WAKEMED GROUP RETURN is a mid-sized nonprofit in the Health Care sector that reported $44.6M in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum. Expenses of $52.0M exceeded revenue, resulting in a 17% operating deficit.

Mission

TO IMPROVE THE HEALTH AND WELL-BEING OF OUR COMMUNITY WITH OUTSTANDING AND COMPASSIONATE CARE TO ALL.

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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 $10,902,049
Program Service Revenue $31,357,580
Investment Income $2,065,450
Other Revenue $269,825
TOTAL REVENUE $44,594,904

Expense Breakdown

Grants Paid $451,803
Salaries & Benefits $2,200,974
Fundraising Expenses $929,480
Program Expenses $49,730,388
Other Expenses $49,294,352
TOTAL EXPENSES $51,954,129

Year-over-Year Comparison

2023 2022 Change
Revenue $44,594,904 $32,481,397 +0.4%
Expenses $51,954,129 $40,871,945 +0.3%
Net Income $-7,359,225 $-8,390,548 -0.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
36
Independent Members
33
Employees
N/A
Volunteers
118

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
$3,643,805
Total Directors
45
$2,315,043
Key Employees
20
$8,177,541
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Aba Forson BOD, WakeMed Foundation (until 12/31/23) 0.5
Director
$0 $0 $0
Anna Goodmon MD BOD, WakeMed Foundation 0.5
Director
$0 $0 $0
Blount Williams BOD, WakeMed Property Services 2.1
Director
$0 $0 $0
Brian Reid BOD, WakeMed Foundation 0.5
Director
$0 $0 $0
Chris Wrench BOD, WakeMed Foundation 0.5
Director
$0 $0 $0
Christina A Shanahan BOD, WakeMed Property Services 1.8
Director
$0 $0 $0
Creighton Blackwell BOD, WakeMed Foundation (until 12/31/25) 0.5
Director
$0 $0 $0
Dan Blue III BOD, WakeMed Property Services 2.1
Director
$0 $0 $0
Dana Green BOD, WakeMed Foundation 0.5
Director
$0 $0 $0
Denny Fingers BOD, WakeMed Foundation (until 12/31/23) 0.5
Director
$0 $0 $0
Elizabeth Williamson BOD, WakeMed Foundation 0.5
Director
$0 $0 $0
Gavin Shaw Secretary, BOD, WakeMed Foundation 0.5
Director
$0 $0 $0
Gloria Becker Vice Chair, BOD, WakeMed Foundation 0.5
Director
$0 $0 $0
Greg McNamara BOD, WakeMed Foundation 0.5
Director
$0 $0 $0
Henry L Darnell BOD, WakeMed Property Services (Until 5/25/24) 2.3
Director
$0 $0 $0
James Anthony Penry BOD, WakeMed Property Services 1.8
Director
$0 $0 $0
Jane D Evans BOD, WakeMed Foundation (Until 12/31/23), Chair 0.5
Director
$0 $0 $0
Jeff Edwards BOD, WakeMed Foundation 0.5
Director
$0 $0 $0
Jenneth Mitchell Treasurer, BOD, WakeMed Foundation 0.5
Director
$0 $0 $0
Jenny Winston BOD, WakeMed Foundation 0.5
Director
$0 $0 $0
John Matthews Secretary Ret 122023 BOD, WakeMed Foundation 0.5
Director
$0 $0 $0
John Sinden MD BOD, WakeMed Foundation 0.5
Director
$0 $0 $0
Joy Sloan BOD, WakeMed Foundation 0.5
Director
$0 $0 $0
Jun Park BOD, WakeMed Foundation 0.5
Director
$0 $0 $0
Karen Chilton MD BOD, WM Fnd (From 1/24) SVP & Chief Quality Officer 0.5
Director
$0 $19,800 $425,266
Katie McKenzie BOD, WakeMed Foundation (From 1/1/24) 0.5
Director
$0 $0 $0
Keemia Shaw BOD, WakeMed Property Services 1.4
Director
$0 $0 $0
Kevin McLaughlin BOD, WakeMed Foundation (Until 12/31/23) 0.5
Director
$0 $0 $0
Larry Barbour BOD, WakeMed Property Services (until 5/25/24) 2.5
Director
$0 $0 $0
Larry Long Jr BOD, WakeMed Foundation 0.5
Director
$0 $0 $0
Laura Helton MD BOD, WakeMed Property Services 1.8
Director
$0 $0 $0
Margaret Bratton BOD, WM Fnd (until 12/23) BOD, WPS 2.1
Director
$0 $0 $0
Mary Nash Rusher BOD, WakeMed Property Srvcs & Secretary 2.1
Director
$0 $0 $0
Michael Ferguson MD BOD, WakeMed Foundation 0.5
Director
$0 $45,591 $852,041
Michael Painter BOD, WakeMed Property Services & BOD, WakeMed Foundation 1.8
Director
$0 $0 $0
Peter M Scott III BOD, WakeMed Property Services 1.4
Director
$0 $0 $0
R Michael Gray BOD, WakeMed Foundation 0.5
Director
$0 $0 $0
Rasheeda Monroe MD BOD, WakeMed Foundation 0.5
Director
$0 $19,800 $374,402
Robert Ange BOD, WakeMed Foundation 0.5
Director
$0 $0 $0
Robert C Rice Jr BOD, WakeMed Property Services 2.1
Director
$0 $0 $0
Satish Garimella BOD, WakeMed Property Services 1.6
Director
$0 $0 $0
Satish Mathan MD Chair, BOD, WakeMed Foundation 0.5
Director
$0 $0 $0
Seth Brody BOD, WakeMed Fdn (Until 12/31/23), EVP, Physician Srvcs 0.5
Director
$0 $19,800 $663,334
Sonia Barnes BOD, WakeMed Property Services 1.8
Director
$0 $0 $0
Thad L McDonald MD BOD, WakeMed Property Services & Chair 3.2
Director
$0 $0 $0
David Nussman VP, Compliance and Privacy - Interim (Start 12/3/23) 0.0
Officer
$0 $34,107 $170,090
Dionne Whitaker Officer - Secretary 0.0
Officer
$0 $7,994 $92,757
Donald Gintzig President & CEO 0.0
Officer
$0 $23,518 $1,905,182
Stephanie Sessoms EVP & Chief Financial Officer 0.0
Officer
$0 $36,636 $391,322
Theodore Lotchin VP & Chief Compliance & Privacy Officer (Until 2/24) 0.0
Officer
$0 $45,991 $398,990
Thomas Gough EVP & Chief Operating Officer 0.0
Officer
$0 $20,100 $685,464
Carolyn Knaup SVP - Strategic Ventures & Ambulatory Operations 0.0
Key Emp
$0 $39,580 $443,819
Charles Harr Chief Medical Officer, Raleigh 0.0
Key Emp
$0 $22,865 $474,998
Christine Craig VP, Governmental Affairs 0.0
Key Emp
$0 $47,999 $360,197
Cynthia Alness-Boily SVP - Operations & CNO 0.0
Key Emp
$0 $42,430 $476,946
Debra Laughery VP, Marketing and Communications 0.0
Key Emp
$0 $20,649 $362,324
Doug Trocinski CMO, Cary Administration 0.0
Key Emp
$0 $12,990 $320,720
Gayla Harvey VP, Payor Strategy & Managed Care Contracting 0.0
Key Emp
$0 $30,045 $355,301
Jeff Neisen VP, Revenue Cycle 0.0
Key Emp
$0 $36,955 $366,065
Jeronica Goodwin SVP, Human Resources 0.0
Key Emp
$0 $28,654 $377,409
John Perry VP, Medical Information 0.0
Key Emp
$0 $48,441 $441,990
Karen Bash Chief Medical Officer, North 0.0
Key Emp
$0 $29,759 $412,267
Micah Krempasky Chief Medical Officer, Mental Health & Well-Being 0.0
Key Emp
$0 $47,911 $402,155
Peter Marks VP & Chief Information Officer 0.0
Key Emp
$0 $24,425 $451,654
Rebecca Andrews SVP & Administrator Raleigh 0.0
Key Emp
$0 $33,508 $549,818
Rick Shrum VP & Chief Strategy Officer 0.0
Key Emp
$0 $43,462 $431,937
Susan James VP & Chief Legal Officer (Until 12/1/23) 0.0
Key Emp
$0 $47,666 $476,953
Thomas Cavender VP, Facilities & Construction 0.0
Key Emp
$0 $31,508 $401,733
Thomas Hughes SVP & Administrator Cary 0.0
Key Emp
$0 $22,620 $355,690
Valerie Barlow SVP & Administrator North 0.0
Key Emp
$0 $48,712 $405,892
Waquiah Ellis VP, Nursing 0.0
Key Emp
$0 $35,256 $309,673
ashish Patel Physician 0.0
Highest
$0 $48,121 $1,586,638
bryon boulton Physician 0.0
Highest
$0 $45,591 $1,495,509
gurvinder deol Physician 0.0
Highest
$0 $50,931 $1,364,195
judson williams Physician 0.0
Highest
$0 $48,150 $1,349,295
mark graham Physician 0.0
Highest
$0 $20,301 $1,373,064
Roylyn Johnson Former Secretary (Until 2/7/23) 0
$0 $16,722 $138,507
Shondra Brink Former VP, WakeMed Physician Practices (until 6/3/23) 0
$0 $14,667 $170,093
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 $44,594,904 $51,954,129 $481,033,732 $-7,359,225
2023 $32,481,397 $40,871,945 $408,937,900 $-8,390,548
2022 $32,094,659 $39,641,163 $412,467,377 $-7,546,504
2021 $30,125,616 $31,694,086 $319,222,964 $-1,568,470
2020 $26,561,346 $27,649,469 $289,005,823 $-1,088,123
2019 $22,227,500 $24,674,892 $258,401,254 $-2,447,392
2018 $17,936,574 $21,029,878 $263,274,887 $-3,093,304
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