Overview
What is Caromont Health Services?
Caromont Health Services is a not-for-profit health system headquartered in Gastonia, North Carolina, with a workforce of approximately 1,850 healthcare professionals. They provide inpatient and outpatient medical services across five counties and two states. Their offerings include Caromont Regional Medical Center, a 435-bed, acute care hospital, as well as Caromont Specialty Surgery, Courtland Terrace, and Caromont Endoscopy Center. Caromont Specialty Surgery, located on the hospital campus, specializes in ophthalmology, ENT, cosmetic, and orthopedic surgical procedures. In the fiscal year 2022, the center performed approximately 3,554 surgical procedures. Courtland Terrace, a skilled nursing facility, offers short-term rehabilitation, Alzheimer's special care, and long-term care for an average of 82 patients each day. Caromont Endoscopy Center, opened in 2012, is a free-standing outpatient endoscopy center that provides outpatient endoscopic procedures for upper endoscopy and screening colonoscopy. In the same fiscal year, the center performed 5,660 procedures. The mission and activity of Caromont Health Services revolves around providing compassionate, exceptional, and highly reliable care.
Official website here: www.caromont.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating
Caromont Health Services holds a respectable Three-Star rating from Charity Navigator, reflecting a solid commitment to accountability and financial management. The organization scored 81% overall, with a strong focus on financial transparency, highlighted by a perfect score in financial statements and policies, showcasing their dedication to effective governance.
The nonprofit demonstrates an impressive program expense ratio of 92.54%, indicating that a significant portion of their resources is directed towards their programs rather than administrative costs. Additional strengths include the absence of material asset diversion and well-established policies such as conflict of interest and whistleblower protections, underscoring their integrity and ethical practices.
However, while the rating is commendable, it is based solely on the accountability and finance beacon, which means that other aspects such as impact or community engagement were not assessed in this rating. This limited scope may suggest that potential donors or stakeholders should consider additional factors when evaluating the overall effectiveness and reach of Caromont Health Services.
This AI summary has been generated from information found on Charity Navigator.
Is Caromont Health Services legitimate?
Caromont Health Services is a legitimate nonprofit organization registered as a 501(c)(3) entity. Caromont Health Services 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,282,760
For more financial information, click here
Official website here: www.caromont.org
What is the mission statement of Caromont Health Services?
Caromont Health Services is dedicated to providing compassionate, exceptional, and highly reliable care to those in need. This mission is carried out through their team of over 4,500 healthcare professionals and a medical staff membership of over 450. They offer a range of medical services, including inpatient and outpatient care, ambulatory surgery, skilled nursing, and outpatient endoscopy. Their compassionate care extends to specialties such as ophthalmology, ENT, cosmetic surgery, and orthopedics. In fiscal year 2022, Caromont Health Services performed approximately 3,554 surgical procedures at their specialty surgery center and 5,660 procedures at their endoscopy center. Their skilled nursing facility, Courtland Terrace, provided care to an average of 82 patients each day, offering short-term rehabilitation, Alzheimer's special care, and long-term care.
Official website here: www.caromont.org
Who is the CEO of Caromont Health Services?
Mr K Christopher Peek is the CEO of Caromont Health Services The CEO's salary of Caromont Health Services is $0 and their total compensation is $2,074,421.
Official website here: www.caromont.org
What is the revenue of Caromont Health Services?
Caromont Health Services's revenue in 2024 was $21,809,834.
Official website here: www.caromont.org
Who are the executives of Caromont Health Services and what are their salaries?
The average compensation at Caromont Health Services during 2024 was $43,139. There are 192 employees at Caromont Health Services.
Here are 8 key members and their salaries (Caromont Health Services's CEO's salary is $0 and their total compensation is $2,074,421):
- Compensation: $0
- Related: $122,443
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $956,025
- Other: $184,000
- Compensation: $0
- Related: $1,764,966
- Other: $309,455
- Compensation: $0
- Related: $564,906
- Other: $110,160
- Compensation: $119,945
- Related: $0
- Other: $18,584
- Compensation: $176,309
- Related: $0
- Other: $24,376
Official website here: www.caromont.org
Where can I find the form 990 for Caromont Health Services?
Caromont Health Services's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.caromont.org
Learn more at the official website: www.caromont.org
Mission Statement of Caromont Health Services
Caromont Health Services, a not-for-profit health system, is dedicated to providing compassionate, exceptional, and highly reliable care. Anchored by a 435-bed acute care hospital, this organization goes beyond the bedside, employing nearly 4,500 healthcare professionals with a medical staff membership of over 450.
Caromont Health Services is committed to delivering comprehensive medical services within five counties and two states. The health system's extensive offerings include Caromont Specialty Surgery, Courtland Terrace, and Caromont Endoscopy Center. Caromont Specialty Surgery, located on the campus of Caromont Regional Medical Center, specializes in ophthalmology, ENT, cosmetic, and orthopedic surgical procedures. In FY2022, the center performed approximately 3,554 surgical procedures. Courtland Terrace, a skilled nursing facility, provides short-term rehabilitation, Alzheimer's special care, and long-term care services for an average of 82 patients each day. Caromont Endoscopy Center, opened in 2012, offers outpatient endoscopic procedures for upper endoscopy and screening colonoscopy. In FY2022, the center performed 5,660 procedures, underscoring the organization's commitment to accessible healthcare services.
By focusing on compassionate care and delivering various medical services, Caromont Health Services strives to make a positive impact on the lives of those it serves. Its mission extends beyond the hospital walls, fostering a culture of excellence, reliability, and dedication to the health and wellbeing of its patients.
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Impact
October, 2024
Caromont Health Services significantly impacts the health and well-being of the communities it serves in Gastonia, NC, and surrounding areas. By delivering compassionate, exceptional, and highly reliable healthcare, it plays a crucial role in improving patient outcomes and enhancing the quality of life for residents across five counties and two states.
At the core of its operations is the Caromont Regional Medical Center, a 435-bed acute care facility that provides extensive inpatient and outpatient services. With nearly 4,500 healthcare professionals, including over 450 medical staff members, Caromont Health fosters a robust support system for patients requiring various medical interventions.
The organization runs several specialized facilities, such as the Caromont Specialty Surgery center, which offers outpatient surgical services in areas including ophthalmology and orthopedics. In fiscal year 2022, this center performed approximately 3,554 surgical procedures, underscoring its pivotal role in addressing the surgical needs of the community.
Additionally, Caromont Health operates Courtland Terrace, a skilled nursing facility that provides essential services like short-term rehabilitation and long-term care, averaging 82 patients daily. This component of their services supports those who require ongoing care and recovery resources.
The Caromont Endoscopy Center further broadens access to important preventive care, having performed 5,660 outpatient procedures in the last fiscal year. Such services are vital for early detection of health issues, particularly in cancer screenings.
Overall, Caromont Health Services is dedicated to creating a healthier community through its diverse medical offerings, compassionate care, and commitment to excellence in healthcare delivery.
This information is meant to be a general summary of Caromont Health Services. 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 2024.
- Investment Income: $44
- Program Service Revenue: $21,808,724
- Gross Receipts: $21,809,834
Assets and Liabilities:
- Total Assets: $9,483,012
- Total Liabilities: $734,245
- Net Assets: $8,748,767
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Outpatient Services
Revenue
$21,070,837
Program Service Investments
Revenue
$737,887
Organization Details
Founding Year
1984
Principal Officer
Mr K Christopher Peek
Website
www.caromont.orgNTEE Category
Code: E21 - Health
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