Overview
What is Gaston Memorial Hospital Inc?
Gaston Memorial Hospital Inc, also known as Caromont Regional Medical Center, is a prominent healthcare organization based in Gastonia, North Carolina. With a workforce of 3967 employees, they are committed to delivering compassionate, exceptional, and highly reliable care to their community. Their mission extends beyond just medical treatment, as they invest in the future of healthcare through research and education. Acting as an active community partner, they support and drive initiatives that encourage healthier lifestyles. Additionally, they are focused on continuous improvement, advanced medicine, and the daily delivery of top-notch healthcare services. During the fiscal year ending June 30, 2022, Caromont Health successfully lived up to its vision of being their community's most trusted healthcare partner. More details about their community impact can be found on their website.
Official website here: www.caromont.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 94% - Four-Star out of Four Star rating
Gaston Memorial Hospital Inc has received an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. This rating is based entirely on their strong performance in the Accountability & Finance category, reflecting their commitment to transparency and responsible management of resources.
The organization exhibits notable strengths, including a majority of independent board members and a robust financial oversight structure. They have successfully implemented a variety of best practices, such as having clear conflict of interest and whistleblower policies, which contribute to their integrity and governance standards. Their financial statements are well-audited, and they maintain a significant program expense ratio, ensuring that a substantial portion of their funds goes directly to their programs.
While the organization scores well in various areas, there is always room for improvement. The liabilities to assets ratio suggests that while they are managing their finances effectively, monitoring long-term financial sustainability will be essential. Overall, Gaston Memorial Hospital Inc demonstrates a solid commitment to accountability, making it a trustworthy choice for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Gaston Memorial Hospital Inc legitimate?
Gaston Memorial Hospital Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gaston Memorial Hospital Inc 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: $5,077,999
Professional Fundraising Fees: $0
Other Salaries and Wages: $219,230,142
For more financial information, click here
Official website here: www.caromont.org
What is the mission statement of Gaston Memorial Hospital Inc?
Gaston Memorial Hospital Inc is committed to delivering compassionate, exceptional, and highly reliable care. This mission is the foundation of Caromont Health's philosophy. The organization is dedicated to investing in the future of healthcare through research and education. As an active community partner, Caromont Health supports and drives programs that encourage healthier lifestyles. The healthcare provider is also a dynamic organization that focuses on continuous daily improvement, advanced medicine, and the delivery of top-notch care. In the fiscal year ending June 30, 2022, Caromont Health successfully lived up to its vision of being the most trusted healthcare partner in the community. For more detailed information, please refer to the 2022 community benefit report available on their website.
Official website here: www.caromont.org
Who is the CEO of Gaston Memorial Hospital Inc?
David O'Connor is the Chair of Gaston Memorial Hospital Inc. The CEO's salary of Gaston Memorial Hospital Inc is $1,491,823 and their total compensation is $1,745,670.
Official website here: www.caromont.org
What is the revenue of Gaston Memorial Hospital Inc?
Gaston Memorial Hospital Inc's revenue in 2022 was $689,404,813.
Official website here: www.caromont.org
Who are the executives of Gaston Memorial Hospital Inc and what are their salaries?
The average compensation at Gaston Memorial Hospital Inc during 2022 was $56,544. There are 3967 employees and 81 volunteers at Gaston Memorial Hospital Inc.
Here are 30 key members and their salaries (Gaston Memorial Hospital Inc's CEO's salary is $1,491,823 and their total compensation is $1,745,670):
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- Related: $106,553
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- Related: $468,258
- Other: $29,004
- Compensation: $0
- Related: $621,849
- Other: $39,368
- Compensation: $27,500
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- Compensation: $21,333
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- Compensation: $1,491,823
- Related: $0
- Other: $253,847
- Compensation: $816,772
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- Other: $147,842
- Compensation: $440,881
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- Other: $82,961
- Compensation: $393,303
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- Other: $65,431
- Compensation: $1,055,121
- Related: $0
- Other: $68,898
- Compensation: $880,099
- Related: $0
- Other: $157,314
- Compensation: $536,521
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- Other: $98,134
- Compensation: $444,245
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- Other: $61,407
- Compensation: $490,417
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- Other: $86,494
- Compensation: $463,540
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- Other: $79,963
- Compensation: $302,573
- Related: $0
- Other: $61,513
Official website here: www.caromont.org
Where can I find the form 990 for Gaston Memorial Hospital Inc?
Gaston Memorial Hospital Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.caromont.org
Learn more at the official website: www.caromont.org
Mission Statement of Gaston Memorial Hospital Inc
Gaston Memorial Hospital Inc is committed to delivering compassionate, exceptional, and highly reliable care. This mission is the foundation upon which the organization builds its healthcare philosophy. At the heart of Gaston Memorial Hospital Inc's operations is a dedication to investing in the future of healthcare, from research to education. The health system is actively engaged in the community, supporting and driving programs that encourage healthier lifestyles.
Gaston Memorial Hospital Inc is more than just a healthcare provider; it is a dynamic organization focused on continuous daily improvement, advanced medicine, and the delivery of top-notch care. In the fiscal year ending June 30, 2022, Caromont Health, the parent organization of Gaston Memorial Hospital Inc, achieved its vision of becoming the community's most trusted healthcare partner.
The compassionate care provided by Gaston Memorial Hospital Inc extends beyond the walls of its facilities. As an active community partner, the organization invests in various initiatives aimed at improving the overall health and well-being of the community. The health system's dedication to care is not limited to its patients; it is a commitment to the community as a whole. The complete community benefit report for Caromont Health, which includes the financial and programmatic impact of Gaston Memorial Hospital Inc, can be found on their website.
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Impact
October, 2024
Gaston Memorial Hospital Inc plays a pivotal role in the health and well-being of the Gastonia community by ensuring access to compassionate, exceptional, and highly reliable healthcare. The hospital is deeply committed to improving the future of healthcare through investments in research and education, positioning itself as a leader in medical advancement.
As an active community partner, Gaston Memorial Hospital supports and drives initiatives that promote healthier lifestyles, fostering a wellness-oriented environment that benefits residents. Its focus on continuous improvement and advanced medical practices enhances the standard of care provided, earning it the trust of the community as a reliable healthcare provider.
With a mission to deliver exceptional care, the hospital not only addresses immediate health needs but also contributes to the overall health landscape of the region, ensuring that Gastonia remains a thriving, healthy community.
This information is meant to be a general summary of Gaston Memorial Hospital Inc. 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 2022.
- Investment Income: $2,772,379
- Program Service Revenue: $682,507,664
- Gross Receipts: $689,404,813
Assets and Liabilities:
- Total Assets: $730,850,666
- Total Liabilities: $506,717,452
- Net Assets: $224,133,214
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PATIENT SERVICE REVENUE
Revenue
$680,909,967
ANCILLARY REVENUE
Revenue
$1,597,697
Organization Details
Founding Year
1945
Phone
(704) 834-2000Principal Officer
David O'Connor
Main Address
2525 COURT DRIVE, GASTONIA, NC, 28054
Website
www.caromont.orgNTEE Category
Code: E220 - Health
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