Overview
What is Caromont Health?
Caromont Health is a North Carolina-based healthcare system with a compassionate approach to patient care. They are committed to investing in the future of healthcare through research and education, being an active community partner, and continually improving their services. With a workforce of 13 dedicated individuals, Caromont Health delivers exceptional and reliable care to their community. Their emphasis on compassion ensures that patients receive top-notch attention, making them a trusted healthcare partner. The organization's fiscal year ending June 30, 2022, marked significant progress towards their mission. To learn more about their community impact, please refer to their annual report on their website.
Official website here: www.caromont.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56%
Caromont Health has received a One-Star out of Four Star rating from Charity Navigator, reflecting significant concerns regarding its accountability and finance practices. While the organization has a majority of independent board members and a solid score in oversight measures like conflict of interest and whistleblower policies, it struggles with financial performance indicators. The program expense ratio is notably low at 49.21%, indicating that less than half of its expenses go directly to its programs, which raises questions about the effectiveness of its operations.
User reviews from Great Nonprofits echo dissatisfaction with the services provided by Caromont Health. Multiple reviewers recount negative experiences, citing long wait times, inadequate care, and billing issues. One reviewer described a distressing encounter where a loved one did not receive timely treatment, while another highlighted a frustrating situation involving unexpected charges for an urgent care visit. These testimonials suggest a lack of focus on patient care and transparency, leading to a perception of the organization as prioritizing profit over people.
Overall, Caromont Health faces significant challenges in both financial management and public perception. While it adheres to certain governance practices, the low ratings on program spending and the overwhelming negative feedback from users suggest a need for fundamental improvements in service delivery and patient experience to build trust and community support.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Caromont Health legitimate?
Caromont Health is a legitimate nonprofit organization registered as a 501(c)(3) entity. Caromont Health 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: $860,343
For more financial information, click here
Official website here: www.caromont.org
What is the mission statement of Caromont Health?
Caromont Health is dedicated to providing compassionate, exceptional, and highly reliable care. This mission is underpinned by the organization's commitment to investing in healthcare research and education, acting as an active community partner promoting healthier lifestyles, and fostering a culture of continuous improvement, advanced medicine, and exceptional patient care. The fiscal year ending June 30, 2022, marked Caromont Health's achievement of being the most trusted healthcare partner in the community. For further details, please refer to the 2021 Community Benefit Report available at CaromontHealth.org.
Official website here: www.caromont.org
Who is the CEO of Caromont Health?
David O'Connor is the Chair of Caromont Health. The CEO's salary of Caromont Health is $0 and their total compensation is $1,745,670.
Official website here: www.caromont.org
What is the revenue of Caromont Health?
Caromont Health's revenue in 2022 was $61,469,914.
Official website here: www.caromont.org
Who are the executives of Caromont Health and what are their salaries?
The average compensation at Caromont Health during 2022 was $66,180. There are 13 employees at Caromont Health.
Here are 24 key members and their salaries (Caromont Health'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: $0
- Related: $106,553
- 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: $19,872
- Other: $0
- Compensation: $0
- Related: $27,500
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $468,258
- Other: $29,004
- 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: $621,849
- Other: $39,368
- Compensation: $0
- Related: $21,333
- 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: $169,423
- Related: $0
- Other: $17,866
- Compensation: $100,034
- Related: $0
- Other: $23,628
Official website here: www.caromont.org
Where can I find the form 990 for Caromont Health?
Caromont Health'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 Health
Caromont Health is a healthcare system committed to delivering compassionate, exceptional, and highly reliable care. This mission is rooted in three distinct aspects. Firstly, Caromont Health invests in the future of healthcare, encompassing research and education. Secondly, it is an active community partner, promoting healthier lifestyles through various programs. Lastly, it is a forward-thinking organization, focused on continuous daily improvement and the delivery of advanced medicine.
Caromont Health's philosophy of care extends beyond the hospital walls. It invests in the future of healthcare by engaging in research and education. This commitment is evident in its dedication to providing a vibrant learning environment for the next generation of healthcare professionals. Additionally, it collaborates with academic institutions, fostering groundbreaking discoveries that contribute to the betterment of healthcare.
As a dedicated community partner, Caromont Health supports and drives initiatives that encourage healthier lifestyles. It collaborates with local organizations to offer programs that promote wellness, prevention, and education. These initiatives aim to empower individuals and families to take control of their health and wellbeing, ultimately contributing to the overall health and vitality of the community.
Moreover, Caromont Health is a dynamic organization that strives for continuous daily improvement. It embraces advanced medicine and technology to deliver exceptional care. Its dedicated team of healthcare professionals is devoted to providing compassionate care, ensuring that each patient receives individual attention and care tailored to their unique needs.
The fiscal year ending June 30, 2022, marked a significant milestone for Caromont Health as it lived up to its vision of being the most trusted healthcare partner in the community. For more information on its community benefit report, visit the Caromont Health website.
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Impact
October, 2024
Caromont Health significantly impacts the community by providing compassionate, exceptional, and highly reliable medical care. Their commitment to health extends beyond immediate patient services, fostering a culture of continuous improvement and advanced medical practices. By investing in research and education, they contribute to the future of healthcare, ensuring that the community benefits from the latest medical advancements.
Additionally, Caromont Health actively engages with the community, promoting healthier lifestyles through various programs that address public health needs. Their unique approach positions them as a trusted healthcare partner in Gastonia, NC, demonstrating a dedication not only to individual patients but also to the overall well-being of the community. This comprehensive focus on care, community involvement, and ongoing development underscores their vital role in enhancing health outcomes in the region.
This information is meant to be a general summary of Caromont Health. 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: $59,668,778
- Program Service Revenue: $1,798,805
- Gross Receipts: $61,469,914
Assets and Liabilities:
- Total Assets: $832,406,138
- Total Liabilities: $10,474,397
- Net Assets: $821,931,741
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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
$1,284,068
GAIN ON INV. IN STLC
Revenue
$488,132
GAIN ON INV. IN MRISC
Revenue
$26,605
Organization Details
Founding Year
1984
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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