Nonprofit · EIN 58-1636959
CAROMONT HEALTH INC
Tax-exempt · GASTONIA, NC 28053
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $90,245,762 | $13,095,222 | $77,150,540 | $1,046,033,469 | $14,588,475 | $1,031,444,994 |
| June 30, 2024 | 990 | $41,441,170 | $3,522,637 | $37,918,533 | $822,347,679 | $11,837,159 | $810,510,520 |
| June 30, 2023 | 990 | $23,664,936 | $3,831,940 | $19,832,996 | $743,172,403 | $12,407,110 | $730,765,293 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,699,429
- Investment income
- $85,252,537
- Net rental income
- $2,111,517
- Net gain from sales of assets
- $62,114,390
- Other revenue
- $2,293,796
Expenses
- Grants and similar amounts paid
- $8,185,735
- Other salaries and wages
- $845,894
- Salaries, compensation and benefits (total)
- $1,087,086
- Professional fundraising fees
- $0
- Occupancy
- $317,373
- Travel
- $3,461
- Depreciation
- $1,986,343
- Program services (functional)
- $11,700,645
- Management and general (functional)
- $1,394,577
Balance sheet and other
- Total assets, start of year
- $822,347,679
- Total assets, end of year
- $1,046,033,469
- Total liabilities, end of year
- $14,588,475
- Net assets, end of year
- $1,031,444,994
- Land, buildings and equipment
- $64,178,658
- Publicly traded securities
- $884,306,330
- Net assets without donor restrictions
- $1,031,444,994
- Gross receipts
- $90,245,762
- Employees
- 15
- Volunteers
- 0
- Year formed
- 1984
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Mr K Christopher Peek | CEO Officer | 6 | $0 | $2,424,240 | $346,347 |
| Mr David O'Connor | EVP/CFO/Asst. Treasurer Officer | 6 | $0 | $1,409,430 | $70,297 |
| Ms Leigh Hickman | CLO/Asst. Sec. Officer | 6 | $0 | $625,533 | $95,263 |
| Dr Health High | Chief-of-Staff starting 1/1/2024 Trustee or director | 1 | $0 | $514,151 | $38,369 |
| Dr Jay Hendler | Immediate past Chief-of-Staff starting 1/1/2024 - non voting Trustee or director | 1 | $0 | $516,573 | $29,533 |
| Dr Shiddi Patel | Chief-of Staff Elect starting 1/1/2024 - non voting Trustee or director | 1 | $0 | $427,149 | $31,388 |
| Ms Larie Carthen | Nurse Practitioner Highest-paid employee | 40 | $126,052 | $0 | $24,927 |
| Ms Victoria Robinson | Nurse Practitioner Highest-paid employee | 40 | $108,904 | $0 | $28,828 |
| Mr Bob Hovis | Director Trustee or director | 1 | $0 | $33,429 | $0 |
| Mr David Payseur | Treasurer Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Mr Jeffrey Cash | Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Mr Tim Efird | Vice chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Rev Dr Pearl Burris-Floyd | Secretary Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Mr Dan Boyd | Director Trustee or director | 1 | $0 | $0 | $0 |
| Mr Frank Stewart | Director Trustee or director | 1 | $0 | $0 | $0 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| 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 |
| Mr Timothy Conner | 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, 2024: 22 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Mr K Christopher Peek | CEO Officer | 6 | $0 | $1,764,966 | $309,455 |
| Mr David O'Connor | EVP/CFO/Asst. Treasurer Officer | 6 | $0 | $956,025 | $184,000 |
| Ms Leigh Hickman | CLO/Asst. Sec. Officer | 6 | $0 | $564,906 | $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 |
| Dr Shiddhi Patel | Chief-of Staff Elect starting 1/1/2024 Trustee or director | 1 | $0 | $383,463 | $53,086 |
| Ms Larie Carthen | Nurse Practitioner Highest-paid employee | 40 | $127,275 | $0 | $24,056 |
| Ms Victoria Robinson | Nurse Practitioner Highest-paid employee | 40 | $107,976 | $0 | $31,168 |
| 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 |
| Mr David Payseur | Treasurer Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Mr Jeffrey Cash | Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Mr Tim Efird | Vice chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Dr Michael Gaslin | Past-Chief-of-Staff (non-voting) through 12/31/2023 Trustee or director | 1 | $0 | $0 | $0 |
| Mr Dan Boyd | Director Trustee or director | 1 | $0 | $0 | $0 |
| Mr Frank Stewart | Director Trustee or director | 1 | $0 | $0 | $0 |
| Mr Jason Austell | Director Trustee or director | 1 | $0 | $0 | $0 |
| Mr Jay McGraw | Director Trustee or director | 1 | $0 | $0 | $0 |
| Mr Joseph Davis Jr | 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 |
| Rev Dr Benjamin Hinton | Director Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 22 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MR K CHRISTOPHER PEEK | CEO Officer | 6 | $0 | $1,558,081 | $286,732 |
| MR DAVID O'CONNOR | EVP/CFO/ASST. TREASURER Officer | 6 | $0 | $884,243 | $174,464 |
| DR HEATH HIGH | CHIEF-OF-STAFF ELECT AS OF 1/1/2022 Trustee or director | 1 | $0 | $572,492 | $34,995 |
| MS LEIGH HICKMAN | CLO/ASST. SEC. Officer | 6 | $0 | $465,494 | $103,464 |
| DR JAY HENDLER | CHIEF-OF-STAFF AS OF 1/1/2022 Trustee or director | 1 | $0 | $492,906 | $26,481 |
| DR OTIS COSBY | PHYSICIAN Highest-paid employee | 40 | $260,232 | $0 | $19,585 |
| MS LARIE CARTHEN | NURSE PRACTITIONER Highest-paid employee | 40 | $114,898 | $0 | $22,990 |
| REV PEARL BURRIS-FLOYD | SECRETARY Trustee or director, Officer | 1 | $0 | $119,248 | $0 |
| MR BOB HOVIS | (COMMISSIONER LIASON) Trustee or director | 1 | $0 | $30,589 | $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)
- PO BOX 1747, GASTONIA, NC 28053-0000
- Principal officer (990 for 2024)
- David O'Connor, 2525 Court Drive PO Box 1747, Gastonia, NC 280531747
- 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, 2025 SAW CAROMONT HEALTH LIVING ITS VISION TO BE OUR COMMUNITY'S MOST TRUSTED HEALTHCARE PARTNER. THE COMPLETE 2025 COMMUNITY BENEFIT REPORT CAN BE FOUND AT WWW.CAROMONTHEALTH.ORG.Expenses $11,700,645 · grants $8,185,735 · revenue $2,871,760
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 58-1636959
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1991
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E110)
- Assets (IRS master file)
- $1,046,033,469
- Income (IRS master file)
- $90,245,762
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $90,245,762 | $13,095,222 | $1,046,033,469 | IRS |
| 990 | June 2024 | $41,441,170 | $3,522,637 | $822,347,679 | XML |
| 990 | June 2023 | $23,664,936 | $3,831,940 | $743,172,403 | XML |
| 990 | June 2022 | $61,469,914 | $4,723,060 | $832,406,138 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
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 58-1636959).
Questions about CAROMONT HEALTH INC
- What is the EIN of CAROMONT HEALTH INC?
- The employer identification number (EIN) of CAROMONT HEALTH INC is 58-1636959.
- Is CAROMONT HEALTH INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
- Are donations to CAROMONT HEALTH INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does CAROMONT HEALTH INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CAROMONT HEALTH 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 CAROMONT HEALTH INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of CAROMONT HEALTH INC?
- The 990 for the year ended June 30, 2025 names David O'Connor.
- Who are the officers and directors of CAROMONT HEALTH INC?
- The 990 for the year ended June 30, 2025 lists 22 people; 2 received compensation from the organization.
- How much revenue does CAROMONT HEALTH INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $90,245,762, expenses of $13,095,222 and total assets of $1,046,033,469 at year end.
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