Overview
What is The Moses H Cone Memorial Hospital?
The Moses H Cone Memorial Hospital is a key entity within the Cone Health System in Greensboro, North Carolina. Its primary role includes providing strategic oversight and support for the health system's subsidiary corporations, as well as leasing hospital facilities to a tax-exempt affiliate. This affiliate, in turn, offers healthcare services to the community. The hospital also manages debt and treasury functions for the health system. When new physician practices are acquired, the hospital supports their integration and assists with strategic planning and marketing efforts for the whole health system.
Official website here: www.conehealth.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
The Moses H Cone Memorial Hospital has received an 81% rating from Charity Navigator, indicating a solid level of performance in its accountability and finance practices. This rating is based entirely on the Accountability & Finance category, where the organization scored well overall, demonstrating a commitment to maintaining transparency and responsible financial management.
Strengths of the organization include a high percentage of independent board members and a strong financial oversight structure, as evidenced by scores of 8 out of 8 for majority independent board members and full marks for audited financial statements. Additionally, the hospital has policies in place for conflict of interest, whistleblower protection, and document retention, which further enhance its accountability framework.
However, one notable limitation in the rating comes from its liabilities to assets ratio, which received no points due to a relatively high level of liabilities compared to assets at 74.95%. While the organization excels in many areas of governance and program expenses, addressing this financial ratio could improve its overall rating and financial stability in the future.
This AI summary has been generated from information found on Charity Navigator.
Is The Moses H Cone Memorial Hospital legitimate?
The Moses H Cone Memorial Hospital is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Moses H Cone Memorial Hospital submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,183,813
Professional Fundraising Fees: $0
Other Salaries and Wages: $12,843,976
For more financial information, click here
Official website here: www.conehealth.com
What is the mission statement of The Moses H Cone Memorial Hospital?
The Moses H Cone Memorial Hospital plays a vital role within the Cone Health System by providing strategic oversight and support to its subsidiary corporations. This tax-exempt entity, which is a provider of healthcare services to the community, manages hospital facilities leased to the Moses H. Cone Memorial Hospital Operating Corporation. Additionally, it handles debt and treasury functions for the health system and supports the integration of newly acquired physician practices. The hospital is committed to ensuring the financial and operational success of the entire health system through strategic planning and marketing efforts.
Official website here: www.conehealth.com
Who is the CEO of The Moses H Cone Memorial Hospital?
Akin Terrence is the CEO of The Moses H Cone Memorial Hospital The CEO's salary of The Moses H Cone Memorial Hospital is $0 and their total compensation is $1,520,179.
Official website here: www.conehealth.com
What is the revenue of The Moses H Cone Memorial Hospital?
The Moses H Cone Memorial Hospital's revenue in 2023 was $48,371,259.
Official website here: www.conehealth.com
Who are the executives of The Moses H Cone Memorial Hospital and what are their salaries?
The average compensation at The Moses H Cone Memorial Hospital during 2023 was $46,604. There are 301 employees at The Moses H Cone Memorial Hospital.
Here are 49 key members and their salaries (The Moses H Cone Memorial Hospital's CEO's salary is $0 and their total compensation is $1,520,179):
- Compensation: $0
- Related: $1,671,452
- Other: $61,497
- Compensation: $0
- Related: $1,499,504
- Other: $20,675
- Compensation: $0
- Related: $1,340,018
- Other: $64,557
- Compensation: $0
- Related: $964,587
- Other: $96,362
- Compensation: $0
- Related: $911,346
- Other: $49,738
- Compensation: $0
- Related: $787,781
- Other: $62,788
- Compensation: $0
- Related: $640,373
- Other: $61,518
- Compensation: $541,185
- Related: $0
- Other: $102,476
- Compensation: $0
- Related: $488,469
- Other: $30,979
- Compensation: $0
- Related: $407,811
- Other: $51,930
- Compensation: $0
- Related: $396,062
- Other: $14,678
- Compensation: $346,357
- Related: $0
- Other: $36,572
- Compensation: $0
- Related: $316,287
- Other: $51,001
- Compensation: $0
- Related: $332,137
- Other: $32,975
- Compensation: $288,137
- Related: $0
- Other: $49,968
- Compensation: $282,604
- Related: $0
- Other: $31,896
- Compensation: $0
- Related: $248,710
- Other: $53,213
- Compensation: $232,702
- Related: $0
- Other: $60,893
- Compensation: $0
- Related: $264,228
- Other: $16,337
- Compensation: $0
- Related: $228,178
- Other: $50,598
- Compensation: $0
- Related: $223,637
- Other: $30,805
- Compensation: $0
- Related: $186,438
- Other: $41,920
- Compensation: $165,789
- Related: $0
- Other: $57,001
- Compensation: $180,788
- Related: $0
- Other: $41,793
- Compensation: $165,591
- Related: $0
- Other: $23,760
- Compensation: $161,324
- Related: $0
- Other: $19,693
- Compensation: $140,820
- Related: $0
- Other: $21,811
- Compensation: $0
- Related: $128,831
- Other: $2,165
- Compensation: $0
- Related: $40,119
- Other: $5,435
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.conehealth.com
Where can I find the form 990 for The Moses H Cone Memorial Hospital?
The Moses H Cone Memorial Hospital's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.conehealth.com
Learn more at the official website: www.conehealth.com
Mission Statement of The Moses H Cone Memorial Hospital
The Moses H Cone Memorial Hospital is a key player in the Cone Health System, providing vital strategic oversight and support to its subsidiary corporations. This mission-driven organization focuses on leasing hospital facilities to the Moses H. Cone Memorial Hospital Operating Corporation, a tax-exempt affiliate that offers healthcare services to the community. By holding and managing property and treasury functions, The Moses H Cone Memorial Hospital ensures the financial stability and growth of the health system.
Moreover, this institution plays an essential role in supporting newly acquired physician practices and implementing strategic planning and marketing initiatives for the entire healthcare system. The Moses H Cone Memorial Hospital's commitment to the community goes beyond its core responsibilities, as it strives to enhance the quality and accessibility of healthcare services for all.
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Impact
October, 2024
The Moses H Cone Memorial Hospital plays a crucial role in the healthcare landscape of Greensboro, NC, by providing strategic oversight and support to the Cone Health System. This includes managing hospital facilities and leasing them to its tax-exempt affiliate, which delivers essential healthcare services to the community. The hospital is responsible for critical functions such as managing the system's debt and other treasury operations, ensuring financial stability and operational efficiency.
Furthermore, the hospital actively supports newly acquired physician practices, contributing to the expansion and improvement of healthcare services offered to the population. Its commitment to strategic planning and marketing strengthens the overall health system, allowing it to adapt and respond to the changing needs of the community. The impact of The Moses H Cone Memorial Hospital is reflected in its dedication to enhancing healthcare accessibility, quality, and overall community well-being.
This information is meant to be a general summary of The Moses H Cone Memorial Hospital. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $22,597,223
- Program Service Revenue: $83,047,949
- Gross Receipts: $1,088,164,454
Assets and Liabilities:
- Total Assets: $1,926,005,479
- Total Liabilities: $1,443,642,809
- Net Assets: $482,362,670
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PATIENT REVENUE - THN
Revenue
$15,251,493
MEMBERSHIP FEES IN THN
Revenue
$296,799
LEASE OF SPACE WITHIN CONE
Revenue
$46,394,836
SVC TO AFFILIATES/NON-AFFILIATES
Revenue
$21,103,321
ALL OTHER SERVICES
Revenue
$1,500
Organization Details
Founding Year
1911
Principal Officer
Mary Jo Cagle
Website
www.conehealth.comNTEE Category
Code: E110 - Health
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