Overview
What is Caromont Medical Group Inc?
Caromont Medical Group Inc is a North Carolina-based nonprofit organization with a network of over 50 primary care and specialty physician practices and five urgent care centers. Employing more than 200 physicians and over 70 advanced practitioners in 25 different specialties, they provided 715,032 patient visits in fiscal year 2022. Committed to their communities, they make monetary and in-kind contributions to local non-profit organizations, have their physicians and staff volunteer at community events and health fairs, and lead community boards. Caromont Medical Group's mission is to deliver 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 Medical Group Inc has received a commendable rating of 81%, reflecting a strong emphasis on accountability and finance. This score is derived entirely from their Accountability & Finance metrics, which highlight the organization's significant commitment to transparency and responsible financial management. The absence of any material diversion of assets and the excellent performance in financial statements underscore their integrity.
The organization excels in a variety of areas, scoring full points for essential policies such as conflict of interest and whistleblower protections, ensuring ethical governance. Their program expense ratio is notably high at 94.41%, indicating that a substantial portion of their resources directly supports their programs and services, which is a positive sign for potential donors and beneficiaries.
However, while the financial indicators are strong, the overall rating does not provide insights into the organization's impact or effectiveness in achieving its mission. Potential supporters may want to look for additional information regarding the specific outcomes of their programs to fully assess the organization's contributions to the community.
This AI summary has been generated from information found on Charity Navigator.
Is Caromont Medical Group Inc legitimate?
Caromont Medical Group Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Caromont Medical Group 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: $1,476,929
Professional Fundraising Fees: $0
Other Salaries and Wages: $114,874,112
For more financial information, click here
Official website here: www.caromont.org
What is the mission statement of Caromont Medical Group Inc?
Caromont Medical Group Inc is committed to delivering compassionate, exceptional, and highly reliable healthcare services. The group operates a network of over 50 primary care and specialty physician practices and five urgent care centers, served by more than 200 physicians and over 70 advanced practitioners in various medical disciplines. In fiscal year 2022, Caromont Medical Group provided care to 715,032 patients. Embracing its community role, the organization supports local non-profits through monetary and in-kind contributions, offers volunteer hours from its physicians and staff, and has leaders serving on community boards.
Official website here: www.caromont.org
Who is the CEO of Caromont Medical Group Inc?
David O'Connor is the Chair of Caromont Medical Group Inc. The CEO's salary of Caromont Medical Group Inc is $0 and their total compensation is $1,745,670.
Official website here: www.caromont.org
What is the revenue of Caromont Medical Group Inc?
Caromont Medical Group Inc's revenue in 2022 was $144,361,376.
Official website here: www.caromont.org
Who are the executives of Caromont Medical Group Inc and what are their salaries?
The average compensation at Caromont Medical Group Inc during 2022 was $111,876. There are 1040 employees at Caromont Medical Group Inc.
Here are 15 key members and their salaries (Caromont Medical Group Inc's CEO's salary is $0 and their total compensation is $1,745,670):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $756,858
- Related: $0
- Other: $34,028
- Compensation: $468,258
- Related: $0
- Other: $29,004
- Compensation: $251,813
- Related: $180,615
- Other: $32,405
- Compensation: $0
- Related: $19,872
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $1,491,823
- Other: $253,847
- Compensation: $0
- Related: $816,772
- Other: $147,842
- Compensation: $0
- Related: $440,881
- Other: $82,961
- Compensation: $876,850
- Related: $0
- Other: $35,941
- Compensation: $947,635
- Related: $0
- Other: $42,728
- Compensation: $954,064
- Related: $0
- Other: $28,129
- Compensation: $852,929
- Related: $0
- Other: $39,683
- Compensation: $897,546
- Related: $0
- Other: $42,728
Official website here: www.caromont.org
Where can I find the form 990 for Caromont Medical Group Inc?
Caromont Medical Group 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 Caromont Medical Group Inc
Caromont Medical Group Inc, a leading healthcare provider, is committed to delivering compassionate, exceptional, and highly reliable care. The group's mission is geared towards making a positive impact on patients' lives by providing top-tier medical services. With a robust network of 50 primary care and specialty physician practices and five urgent care centers, Caromont Medical Group employs over 200 physicians and over 70 advanced practitioners in 25 different specialties. In the fiscal year 2022, the medical group served over 715,000 patient visits.
Caromont Medical Group's dedication to its communities is evident through its various philanthropic endeavors. The practices extend financial support to community non-profit organizations, with physicians and staff volunteering at local events and health fairs. Moreover, group leaders actively participate on community boards. The group's commitment to community involvement not only strengthens its relationships with the local population but also enhances its reputation as a trusted healthcare provider.
By owning and operating a comprehensive network of medical practices, Caromont Medical Group is able to cater to the diverse healthcare needs of its patient population. The group's focus on delivering compassionate care sets it apart from its competitors, creating an unparalleled standard of healthcare for its clients. Through its unwavering dedication to providing exceptional care, Caromont Medical Group continues to foster strong bonds with its patients and communities.
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Impact
October, 2024
Caromont Medical Group Inc has a significant impact on the communities it serves through its extensive network of healthcare services. Operating 50 primary care and specialty physician practices, along with five urgent care centers, the organization employs over 200 physicians and more than 70 advanced practitioners across 25 different specialties. In fiscal year 2022 alone, Caromont Medical Group facilitated 715,032 patient visits, demonstrating its crucial role in providing accessible and reliable healthcare.
Beyond its core medical services, Caromont Medical Group actively engages with the community. It contributes financially and through in-kind donations to local nonprofit organizations, reinforcing its commitment to community health and wellbeing. The organization also encourages its physicians and staff to volunteer at community events and health fairs, further enhancing public health outreach and support. Leaders from Caromont Medical Group are involved with various community boards, promoting collaboration and fostering partnerships that aim to address public health challenges. Through these efforts, Caromont Medical Group not only delivers compassionate and exceptional care but also plays an essential role in enhancing the overall health and vitality of the Gastonia, NC community.
This information is meant to be a general summary of Caromont Medical Group 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: -$4,853
- Program Service Revenue: $139,124,385
- Gross Receipts: $144,399,455
Assets and Liabilities:
- Total Assets: $65,416,046
- Total Liabilities: $36,401,104
- Net Assets: $29,014,942
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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
$139,124,385
Organization Details
Founding Year
1985
Phone
(704) 834-2000Principal Officer
David O'Connor
Main Address
2525 COURT DRIVE PO BOX 1747, GASTONIA, NC, 280531747
Website
www.caromont.orgNTEE Category
Code: E110 - Health
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