Overview
What is Wakemed?
WakeMed is a renowned healthcare organization based in Raleigh, North Carolina, employing over 12,000 dedicated individuals. Their mission is to enhance the health and well-being of their community through exceptional and compassionate care for all. WakeMed provides a wide array of surgical services across five locations, including Raleigh Campus, Cary Hospital, North, Holly Springs Surgical Ventures, and Capital City Surgery Center, offering a vast range of specialties such as bariatric, cardiovascular and thoracic, ENT, neurosurgery, obstetrics and gynecology, orthopedics, pediatric, urology, and vascular. As the only state-designated Level 1 trauma center in Wake County, WakeMed delivers comprehensive trauma surgery for various injuries. The organization's commitment extends to providing care to those in need, regardless of their ability to pay. In fiscal year 2022, approximately 32% of their surgical patients were insured under Medicare, 12% under Medicaid, and nearly 5% were uninsured. WakeMed's extensive network of specialists, WakeMed Physicians, offers subspecialty care to the underinsured and uninsured within their community, with staff working to adjust fees based on individual income and need.
Official website here: www.wakemed.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96% (Four-Star out of Four Star rating).
Wakemed has received an impressive Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial management. The organization excels in its transparent governance practices, with a fully independent board and comprehensive policies in place for conflict of interest, whistleblower protections, and document retention.
The financial health of Wakemed is also notable, evidenced by its high program expense ratio of 89.78%. This suggests that a significant portion of its funding is directed towards its programs rather than administrative costs. Additionally, the organization has maintained a solid liabilities to assets ratio, further indicating fiscal responsibility.
While the rating highlights numerous strengths, the data does not indicate any specific limitations or areas for improvement. Overall, Wakemed demonstrates a rigorous approach to maintaining high standards of accountability and financial integrity in its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Wakemed legitimate?
Wakemed is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wakemed 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: $12,242,093
Professional Fundraising Fees: $0
Other Salaries and Wages: $895,751,662
For more financial information, click here
Official website here: www.wakemed.org
What is the mission statement of Wakemed?
WakeMED's mission is centered around enhancing the health and well-being of their community through exceptional and compassionate care for all. By offering surgical services in various locations and providing inpatient care in multiple areas, they have significantly increased access to necessary surgical treatments. WakeMED's extensive range of surgical specialties includes bariatric, cardiovascular and thoracic, ENT, head and neck, gastrointestinal, general, neurosurgery, obstetrics and gynecology, orthopedics, pediatric, urology, and vascular. As the only state-designated Level 1 trauma center, they provide comprehensive trauma surgery for general, orthopedic, neurosurgery, and vascular trauma patients. The organization also extends access to specialist care to the uninsured and underinsured by working with physicians who discount their fees based on individual income and need. In fiscal year 2022, over a third (31.8%) of their surgical patients were insured under Medicare, around one in ten (11.6%) were insured under Medicaid, and nearly 5% (4.7%) were uninsured.
Official website here: www.wakemed.org
Who is the CEO of Wakemed?
Donald Gintzig is the CEO of Wakemed The CEO's salary of Wakemed is $1,919,853 and their total compensation is $1,939,598.
Official website here: www.wakemed.org
What is the revenue of Wakemed?
Wakemed's revenue in 2023 was $2,067,993,368.
Official website here: www.wakemed.org
Who are the executives of Wakemed and what are their salaries?
The average compensation at Wakemed during 2023 was $70,926. There are 12802 employees and 1252 volunteers at Wakemed.
Here are 48 key members and their salaries (Wakemed's CEO's salary is $1,919,853 and their total compensation is $1,939,598):
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- Compensation: $70,988
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- Other: $7,170
- Compensation: $1,919,853
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- Other: $19,745
- Compensation: $647,187
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- Other: $48,134
- Compensation: $116,790
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- Other: $17,486
- Compensation: $283,530
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- Other: $147,864
- Compensation: $345,651
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- Other: $43,061
- Compensation: $638,625
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- Other: $19,260
- Compensation: $387,469
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- Other: $38,168
- Compensation: $435,378
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- Other: $21,336
- Compensation: $303,197
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- Other: $37,374
- Compensation: $589,530
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- Other: $42,644
- Compensation: $423,453
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- Other: $40,891
- Compensation: $312,490
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- Other: $19,069
- Compensation: $306,884
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- Other: $11,897
- Compensation: $312,878
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- Other: $28,490
- Compensation: $330,366
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- Other: $26,858
- Compensation: $377,900
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- Other: $45,494
- Compensation: $352,342
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- Other: $27,755
- Compensation: $310,911
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- Other: $15,416
- Compensation: $412,150
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- Other: $22,821
- Compensation: $496,869
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- Other: $32,098
- Compensation: $375,466
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- Other: $41,808
- Compensation: $604,840
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- Other: $18,300
- Compensation: $428,689
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- Other: $45,191
- Compensation: $357,502
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- Other: $29,498
- Compensation: $320,564
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- Other: $21,453
- Compensation: $343,667
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- Other: $45,674
- Compensation: $1,340,564
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- Other: $28,317
- Compensation: $1,260,058
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- Other: $42,644
- Compensation: $1,322,067
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- Other: $47,984
- Compensation: $1,074,125
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- Other: $45,044
- Compensation: $1,200,800
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- Other: $45,155
- Compensation: $448,133
- Related: $0
- Other: $34,750
Official website here: www.wakemed.org
Where can I find the form 990 for Wakemed?
Wakemed's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.wakemed.org
Learn more at the official website: www.wakemed.org
Mission Statement of Wakemed
Wakemed, a renowned organization, strives to enhance the health and well-being of its community by delivering exceptional and compassionate care to all individuals. Wakemed's primary mission is to provide surgical services in various locations throughout the county, including Raleigh Campus, Cary Hospital, North, Holly Springs Surgical Ventures, and Capital City Surgery Center. This wide range of accessibility ensures that individuals in need of surgical care, regardless of their ability to pay, can receive the necessary attention.
Wakemed's surgical services encompass an extensive array of specialties, such as bariatric, cardiovascular and thoracic, ENT, head and neck, adult and pediatric gastrointestinal, general, neurosurgery, obstetrics and gynecology, orthopedics, pediatric, urology, and vascular. As the only state-designated Level 1 trauma center in Wake County, Wakemed offers comprehensive trauma surgery for general, orthopedic, neurosurgery, and vascular trauma patients. Furthermore, Wakemed has expanded its network of specialists through Wakemed Physicians, who provide subspecialty care to the uninsured and underinsured in the community. The organization's staff works with patients to discount fees based on individual income and need, allowing quality care to be accessible to all. In fiscal year 2022, Wakemed's surgical patients included 31.8% insured under Medicare, 11.6% insured under Medicaid, and 4.7% uninsured.
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Impact
October, 2024
Wakemed significantly enhances the health and well-being of the community by providing access to comprehensive and compassionate surgical care across multiple locations in Wake County. With surgical services offered at five facilities, including the WakeMed Raleigh Campus and WakeMed Cary Hospital, it ensures that patients have convenient options for receiving necessary treatments.
As the only state-designated Level 1 trauma center in Wake County, Wakemed plays a crucial role in responding to major health emergencies, offering advanced trauma surgery for various specialties including orthopedic, neurosurgery, and vascular needs. This designation underscores its commitment to handling complex medical situations effectively.
Wakemed prioritizes accessibility, particularly for underserved populations. By expanding its network of specialists through WakeMed Physicians, it provides critical subspecialty care to uninsured and underinsured individuals, addressing a significant health concern within the community. The institution demonstrates a strong commitment to equity, working with patients to adjust fees based on income and need. During fiscal year 2022, a notable percentage of surgical patients were insured through Medicare and Medicaid, highlighting its role in serving vulnerable populations.
Overall, Wakemed's impact on the community is profound, ensuring that quality healthcare is available to all, regardless of financial circumstances, and reinforcing its mission to improve community health through outstanding care.
This information is meant to be a general summary of Wakemed. 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: $18,967,382
- Program Service Revenue: $2,042,419,768
- Gross Receipts: $2,297,965,375
Assets and Liabilities:
- Total Assets: $1,739,298,787
- Total Liabilities: $993,298,377
- Net Assets: $746,000,410
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PATIENT SERVICES
Revenue
$1,904,594,837
NON-PATIENT SERVICES
Revenue
$10,582,574
CAFETERIA
Revenue
$6,129,870
PURCH DISCNTS/REBATES/VHA
Revenue
$4,958,561
OTHER OPERATING REVENUE
Revenue
$69,519,553
Organization Details
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