Nonprofit · EIN 56-0619359
GASTON MEMORIAL HOSPITAL INC
Also known as Gaston Memorial Hospital Auxiliary
Tax-exempt · GASTONIA, NC 28054
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2024 | 990 | $790,891,234 | $700,788,807 | $90,102,427 | $895,064,025 | $442,450,216 | $452,613,809 |
| June 30, 2023 | 990 | $709,858,408 | $650,792,303 | $59,066,105 | $838,442,096 | $443,981,255 | $394,460,841 |
Financial details: 990 for the year ended June 30, 2024
Revenue
- Contributions, gifts and grants
- $734,159
- Program service revenue
- $785,308,522
- Investment income
- -$10,558
- Net gain from sales of assets
- -$187,827
- Other revenue
- $4,859,111
Expenses
- Grants and similar amounts paid
- $1,073,616
- Compensation of officers, directors and key employees
- $5,005,251
- Other salaries and wages
- $259,327,974
- Salaries, compensation and benefits (total)
- $320,795,138
- Professional fundraising fees
- $0
- Legal fees
- $1,634,525
- Accounting fees
- $184,429
- Occupancy
- $7,141,157
- Travel
- $152,238
- Depreciation
- $45,502,764
- Program services (functional)
- $649,498,225
- Management and general (functional)
- $51,290,582
Balance sheet and other
- Total assets, start of year
- $838,442,096
- Total assets, end of year
- $895,064,025
- Total liabilities, end of year
- $442,450,216
- Net assets, end of year
- $452,613,809
- Land, buildings and equipment
- $682,117,013
- Publicly traded securities
- $348,729
- Net assets without donor restrictions
- $403,966,316
- Net assets with donor restrictions
- $48,647,493
- Gross unrelated business income
- $91,099
- Gross receipts
- $791,079,061
- Employees
- 4,461
- Volunteers
- 164
- Year formed
- 1945
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Mr K Christopher Peek | CEO Officer | 45 | $1,764,966 | $0 | $309,455 |
| Dr Todd Davis | EVP Chief Physician Executive Key employee | 45 | $1,048,889 | $0 | $196,368 |
| Mr David O'Connor | EVP/CFO/Asst. Treasurer Officer | 45 | $956,025 | $0 | $184,000 |
| Mr Danny Wharton | Chief Operating Officer Key employee | 45 | $670,464 | $0 | $133,444 |
| Mr Frank Murphy | VP Strategy Business Development Highest-paid employee | 40 | $703,917 | $0 | $98,212 |
| Dr George Adcock III | VP Medical Affairs Highest-paid employee | 40 | $605,913 | $0 | $129,008 |
| Mr Richard Blackburn | VP Support Services Highest-paid employee | 40 | $517,138 | $0 | $197,012 |
| Ms Robin Lang | VP Chief Information Officer Highest-paid employee | 40 | $550,336 | $0 | $132,449 |
| Ms Leigh Hickman | CLO/Asst. Sec. Officer | 45 | $564,906 | $0 | $110,160 |
| Dr Heath High | Chief of Staff (COS) Elect through 12/31/23 (non-voting); COS starting 1/1/24 Trustee or director | 1 | $0 | $524,047 | $59,856 |
| Dr Jay Hendler | Chief of Staff (COS) through 12/31/23; Immediate Past COS starting 1/1/24 (non-voting) Trustee or director | 1 | $0 | $500,289 | $58,372 |
| Mr Joel Riddle | VP Human Resources Highest-paid employee | 40 | $500,210 | $0 | $47,907 |
| Dr Shiddhi Patel | Chief-of Staff Elect (non-voting) starting 1/1/2024 Trustee or director | 1 | $0 | $383,463 | $53,086 |
| Rev Dr Pearl Burris-Floyd | Secretary Trustee or director, Officer | 1 | $0 | $122,443 | $0 |
| Mr Bob Hovis | Director Trustee or director | 1 | $0 | $32,703 | $0 |
12 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Dr Micheal Gaslin | Past-Chief-of-Staff (non-voting) through 12/31/2023 Trustee or director | 1 | $20,000 |
| Mr David Payseur | Treasurer Trustee or director, Officer | 1 | $0 |
| Mr Jeffrey Cash | Chair Trustee or director, Officer | 1 | $0 |
| Mr Tim Efird | Vice chair Trustee or director, Officer | 1 | $0 |
| Mr Dan Boyd | Director Trustee or director | 1 | $0 |
| Mr Frank Stewart | Director Trustee or director | 1 | $0 |
| Mr Jason Austell | Director Trustee or director | 1 | $0 |
| Mr Jay McGraw | Director Trustee or director | 1 | $0 |
| Mr Joseph Davis Jr | Director Trustee or director | 1 | $0 |
| Ms Annette Carter | Director Trustee or director | 1 | $0 |
| Ms Janie Peak | Director Trustee or director | 1 | $0 |
| Rev Dr Benjamin Hinton | Director Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 29 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MR K CHRISTOPHER PEEK | CEO Officer | 45 | $1,558,081 | $0 | $286,732 |
| DR TODD DAVIS | EVP CHIEF PHYSICIAN EXECUTIVE Key employee | 45 | $954,616 | $0 | $186,354 |
| MR DAVID O'CONNOR | EVP/CFO/ASST. TREASURER Officer | 45 | $884,243 | $0 | $174,464 |
| MS KATHLEEN BESSON | SPECIAL ADVISOR TO CEO Key employee | 45 | $687,295 | $0 | $73,014 |
| MR DANNY WHARTON | CHIEF OPERATING OFFICER Key employee | 45 | $562,270 | $0 | $122,842 |
| DR GEORGE ADCOCK III | VP MEDICAL AFFAIRS Highest-paid employee | 40 | $552,436 | $0 | $121,405 |
| MR FRANK MURPHY | VP STRATEGY BUSINESS DEVELOPMENT Highest-paid employee | 40 | $505,337 | $0 | $107,239 |
| DR HEALTH HIGH | CHIEF-OF-STAFF ELECT AS OF 1/22 Trustee or director | 1 | $0 | $572,492 | $34,995 |
| MS ROBIN LANG | VP CHIEF INFORMATION OFFICER Highest-paid employee | 40 | $503,360 | $0 | $92,832 |
| MR RICHARD BLACKBURN | VP SUPPORT SERVICES Highest-paid employee | 40 | $462,254 | $0 | $114,991 |
| MS LEIGH HICKMAN | CLO/ASST. SEC. Officer | 45 | $465,494 | $0 | $103,464 |
| MS ASHLEY LONG | VP CHIEF NURSING OFFICER Highest-paid employee | 40 | $489,380 | $0 | $64,693 |
| DR JAY HENDLER | CHIEF-OF-STAFF AS OF 1/22 Trustee or director | 1 | $0 | $492,906 | $26,481 |
| REVPEARL BURRIS-FLOYD | SECRETARY Trustee or director, Officer | 1 | $0 | $119,248 | $0 |
| MR BOB HOVIS | DIRECTOR Trustee or director | 1 | $0 | $30,589 | $0 |
| DR MICHEAL GASLIN | PAST-CHIEF-OF-STAFF (NON-VOTING) STARTING 1/1/2022 Trustee or director | 1 | $22,500 | $0 | $0 |
| MR DAVID PAYSEUR | TREASURER AS OF 1/1/2023 Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MR JEFFREY CASH | CHAIR AS OF 1/1/2023 Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MR BARRY POMEROY | TREASURER THROUGH 12/31/2022 Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MR JOSEPH DAVIS JR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MR WILLIAM ANTHONY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MS ANNETTE CARTER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MS JANIE PEAK | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MR FRANK STEWART | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MR TOM EFIRD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| REVBENJAMIN HINTON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MR JASON AUSTELL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MR DAN BOYD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MR JAY MCGRAW | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2525 COURT DR, GASTONIA, NC 28054-2140
- Mailing address (990-N for 2011)
- 2525 Court Drive, Gastonia NC 28054
- Principal officer (990 for 2023)
- DAVID O'CONNOR, 2525 COURT DRIVE, GASTONIA, NC 28054
- Principal officer (990-N for 2011)
- Julie Young, 2525 Court Drive, Gastonia NC 28054
- Signed the 990
- David O Connor, EVP, CFO
- Phone
- (704) 834-2000
- Website
- WWW.CAROMONT.ORG
- Return prepared by
- Forvis Mazars LLP
Mission
TO PROVIDE COMPASSIONATE, EXCEPTIONAL AND HIGHLY RELIABLE CARE.
Program accomplishments
- CAROMONT HEALTH'S PHILOSOPHY OF CARE IS FOUNDED IN THREE DISTINCT WAYS. IT IS A HEALTH SYSTEM THAT INVESTS IN THE FUTURE OF HEALTHCARE FROM RESEARCH TO EDUCATION. IT IS AN ACTIVE COMMUNITY PARTNER, SUPPORTING AND DRIVING PROGRAMS THAT ENCOURAGE HEALTHIER LIFESTYLES. IT IS ALSO A DYNAMIC ORGANIZATION FOCUSED ON CONTINUOUS DAILY IMPROVEMENT, ADVANCED MEDICINE AND THE DELIVERY OF COMPASSIONATE, EXCEPTIONAL AND HIGHLY RELIABLE CARE. THE FISCAL YEAR ENDING JUNE 30, 2024 SAW CAROMONT HEALTH LIVING ITS VISION TO BE OUR COMMUNITY'S MOST TRUSTED HEALTHCARE PARTNER. THE COMPLETE 2024 COMMUNITY BENEFIT REPORT CAN BE FOUND AT WWW.CAROMONTHEALTH.ORG.Expenses $649,498,225 · grants $1,073,616 · revenue $785,217,423
What it must file and when
IRS records say it files Not required (state instrumentality). Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | Not on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 56-0619359
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Hospital or medical research organization
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1949
- Accounting year ends
- June
- Files
- Not required (state instrumentality)
- Category (NTEE)
- Health care (E22)
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $790,891,234 | $700,788,807 | $895,064,025 | XML |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $709,858,408 | $650,792,303 | $838,442,096 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $689,404,813 | $631,933,737 | $730,850,666 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
| 990-N for 2011 Officer: Julie Young | June 30, 2012 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-0619359).
Questions about GASTON MEMORIAL HOSPITAL INC
- What is the EIN of GASTON MEMORIAL HOSPITAL INC?
- The employer identification number (EIN) of GASTON MEMORIAL HOSPITAL INC is 56-0619359.
- Is GASTON MEMORIAL HOSPITAL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1949.
- Are donations to GASTON MEMORIAL HOSPITAL INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GASTON MEMORIAL HOSPITAL INC file?
- Form Not required (state instrumentality).
- When is the next return of GASTON MEMORIAL HOSPITAL INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GASTON MEMORIAL HOSPITAL INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2024.
- Who is the principal officer of GASTON MEMORIAL HOSPITAL INC?
- The 990 for the year ended June 30, 2024 names DAVID O'CONNOR.
- Who are the officers and directors of GASTON MEMORIAL HOSPITAL INC?
- The 990 for the year ended June 30, 2024 lists 27 people; 11 received compensation from the organization, the highest $1,764,966 (Mr K Christopher Peek, CEO).
- How much revenue does GASTON MEMORIAL HOSPITAL INC have?
- On its 990 for the year ended June 30, 2024 it reported revenue of $790,891,234, expenses of $700,788,807 and total assets of $895,064,025 at year end.
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