Nonprofit · EIN 56-1455630
CAROMONT HEALTH SERVICES INC
Tax-exempt · GASTONIA, NC 28054
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2024 | 990 | $21,809,834 | $18,329,214 | $3,480,620 | $8,770,818 | $700,882 | $8,069,936 |
| June 30, 2023 | 990 | $19,864,973 | $17,352,681 | $2,512,292 | $8,619,956 | $997,655 | $7,622,301 |
Financial details: 990 for the year ended June 30, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $21,808,724
- Investment income
- $0
- Other revenue
- $1,110
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $8,282,760
- Salaries, compensation and benefits (total)
- $10,442,580
- Professional fundraising fees
- $0
- Occupancy
- $479,739
- Travel
- $32,962
- Depreciation
- $1,001,859
- Program services (functional)
- $17,313,264
- Management and general (functional)
- $1,015,950
Balance sheet and other
- Total assets, start of year
- $8,619,956
- Total assets, end of year
- $8,770,818
- Total liabilities, end of year
- $700,882
- Net assets, end of year
- $8,069,936
- Land, buildings and equipment
- $7,299,284
- Net assets without donor restrictions
- $8,069,936
- Gross receipts
- $21,809,834
- Employees
- 192
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Mr K Christopher Peek | CEO Officer | 1 | $0 | $1,764,966 | $309,455 |
| Mr David O'Connor | EVP/CFO/Asst. Treasurer Officer | 1 | $0 | $956,025 | $184,000 |
| Ms Leigh Hickman | CLO/Asst. Sec. Officer | 1 | $0 | $564,906 | $110,160 |
| Ms Melva Ramirez | Cna II Courtland Highest-paid employee | 40 | $176,309 | $0 | $24,376 |
| Ms Aimee Callahan | LPN Highest-paid employee | 40 | $119,945 | $0 | $18,584 |
| Rev Dr Pearl Burris-Floyd | Chair Trustee or director, Officer | 1 | $0 | $122,443 | $0 |
| Ms Annette Carter | 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: 11 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MR K CHRISTOPHER PEEK | CEO Officer | 1 | $0 | $1,558,081 | $286,732 |
| MR DAVID O'CONNOR | EVP/CFO/ASST. TREASURER Officer | 1 | $0 | $884,243 | $174,464 |
| MS LEIGH HICKMAN | CLO/ASST. SEC. Officer | 1 | $0 | $465,494 | $103,464 |
| MS MELVA RAMIREZ | CNA II COURTLAND Highest-paid employee | 40 | $150,317 | $0 | $30,974 |
| MS COMFORT HODASI | CNA I COURTLAND Highest-paid employee | 40 | $108,877 | $0 | $27,589 |
| MS JESSICA WILLIAMS | ASSISTANT CLINICAL MANAGER Highest-paid employee | 40 | $111,278 | $0 | $15,651 |
| MS AIMEE CALLAHAN | LPN Highest-paid employee | 40 | $114,637 | $0 | $6,212 |
| REV PEARL BURRIS-FLOYD | CHAIR Trustee or director, Officer | 1 | $0 | $119,248 | $0 |
| MS KIMBERLY LONG | ADMINISTRATOR Highest-paid employee | 40 | $107,435 | $0 | $10,571 |
| MR BOB HOVIS | DIRECTOR Trustee or director | 1 | $0 | $30,589 | $0 |
| MS JANIE PEAK | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2525 COURT DR, GASTONIA, NC 28054-2140
- Principal officer (990 for 2023)
- 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 is a not-for-profit health system headquartered in Gastonia, NC that provides inpatient and outpatient medical services within five counties and two states. Anchored by the 476-bed, acute care hospital, CaroMont Regional Medical Center, the health system employs nearly 4,500 healthcare professionals with a medical staff membership of more than 450. CaroMont Health Services owns and operates CaroMont Specialty Surgery, Courtland Terrace and CaroMont Endoscopy Center. CaroMont Specialty Surgery is a free-standing ambulatory surgery center on the campus of CaroMont Regional Medical Center, which performs ophthalmology, ENT, cosmetic and orthopedic surgical procedures. In fiscal year 2024, the center performed approximately 4,394 surgical procedures. Courtland Terrace is a skilled nursing facility licensed for 77 skilled nursing beds and 19 assisted living beds. Skilled nursing services provided at Courtland Terrace include short-term rehabilitation, Alzheimer's' special care and long-term care. In fiscal year 2024, the nursing home provided care to an average of 84 patients each day. CaroMont Endoscopy Center is a free-standing outpatient endoscopy center, located in Belmont and opened in 2012. CaroMont Endoscopy Center provides outpatient endoscopic procedures for upper endoscopy and screening colonoscopy. In fiscal year 2024, the center performed 6,729 procedures.Expenses $17,313,264 · revenue $21,808,724
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
- 56-1455630
- 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
- 1986
- Accounting year ends
- June
- Files
- Not required (state instrumentality)
- Category (NTEE)
- Health care (E20)
- Assets (IRS master file)
- $8,770,818
- Income (IRS master file)
- $21,809,834
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2024 | $21,809,834 | $18,329,214 | $8,770,818 | XML |
| 990 | June 2023 | $19,864,973 | $17,352,681 | $8,619,956 | XML |
| 990 | June 2022 | $19,175,361 | $17,522,124 | $9,483,012 | 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 56-1455630).
Questions about CAROMONT HEALTH SERVICES INC
- What is the EIN of CAROMONT HEALTH SERVICES INC?
- The employer identification number (EIN) of CAROMONT HEALTH SERVICES INC is 56-1455630.
- Is CAROMONT HEALTH SERVICES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1986.
- Are donations to CAROMONT HEALTH SERVICES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CAROMONT HEALTH SERVICES INC file?
- Form Not required (state instrumentality).
- When is the next return of CAROMONT HEALTH SERVICES 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 SERVICES 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 CAROMONT HEALTH SERVICES INC?
- The 990 for the year ended June 30, 2024 names David O'Connor.
- Who are the officers and directors of CAROMONT HEALTH SERVICES INC?
- The 990 for the year ended June 30, 2024 lists 8 people; 2 received compensation from the organization.
- How much revenue does CAROMONT HEALTH SERVICES INC have?
- On its 990 for the year ended June 30, 2024 it reported revenue of $21,809,834, expenses of $18,329,214 and total assets of $8,770,818 at year end.
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