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EIN 56-0619359

Caromont Regional Medical Center

IRS 501(c) type
501(c)(3)
Num. employees
4,078
City
Gastonia
State
North Carolina
Year formed
1945
Most recent tax filings
2023-06-01
NTEE code, primary
E21: Community Health Systems
Description
CaroMont Health is a regional health system that provides innovative medical and wellness services. Their vast network of physician practices, urgent care, hospice and emergency facilities is anchored by CaroMont Regional Medical Center.
Also known as...
Gaston Memorial Hospital
Total revenues
$709,858,408
2023
Total expenses
$650,792,303
2023
Total assets
$838,442,096
2023
Num. employees
4,078
2023

Program areas at Caromont Regional Medical Center

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 adynamic organization focused on continuous daily improvement, advanced medicine and the delivery of compassionate, exceptional and highly reliable care. The fiscal year ending june 30, 2023 saw Caromont health living its vision to be our community's most trusted healthcarepartner. The complete 2023 community benefit report can be found at www.caromonthealth.org.

Grants made by Caromont Regional Medical Center

GranteeGrant descriptionAmount
Kintegra HealthCommunity Assitance$213,727
Gaston Business AssociationCommunity Assitance$121,700
Gaston Community FoundationCommunity Assitance$100,000
...and 18 more grants made totalling $641,597

Who funds Caromont Regional Medical Center

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Gaston Memorial Hospital FoundationCommunity Assistance$423,549
Duke EndowmentTo Expand A Community Network of Care for the Low-Income, Uninsured in Gaston County.$250,000
Duke EndowmentTo Establish A Healthy People, Healthy Carolinas Coalition To Increase Capacity and Improve Population Health in Gaston County.$100,000

Personnel at Caromont Regional Medical Center

NameTitleCompensation
Chris PeekPresident , Chief Executive Officer
K Christopher PeekChief Executive Officer and President / Chair / Director$1,558,081
Kathleen BessonSpecial Advisor To Chief Executive Officer / Executive Vice President and Chief Operating Officer Through 12 and 21 - Special / Executive Vice President , Chief Operating Officer / Executive Vice President and Chief Operating Officer$687,295
Danny WhartonExecutive Vice President , Chief Operating Officer$562,270
David O'ConnorExecutive Vice President , Chief Financial Officer$884,243
...and 28 more key personnel

Financials for Caromont Regional Medical Center

RevenuesFYE 06/2023
Total grants, contributions, etc.$437,208
Program services$705,072,770
Investment income and dividends$508,969
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-316,137
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$4,155,598
Total revenues$709,858,408

Form 990s for Caromont Regional Medical Center

Fiscal year endingDate received by IRSFormPDF link
2023-062024-04-29990View PDF
2022-062023-05-08990View PDF
2021-062022-10-19990View PDF
2021-062022-05-02990View PDF
2020-062021-05-11990View PDF
...and 11 more Form 990s

Organizations like Caromont Regional Medical Center

OrganizationLocationRevenue
Inspira Health NetworkBridgeton, NJ$987,250,922
Ascension SetonSt Louis, MO$3,006,403,037
Hennepin Healthcare System Hennepin Healthcare (HCMC)Minneapolis, MN$1,429,182,475
UC Healthcare SystemCincinnati, OH$2,255,775,923
Lancaster General Health Penn Medicine (LGH)Lancaster, PA$1,470,319,268
Houston MethodistHouston, TX$2,895,491,123
Dartmouth-Hitchcock (D-H)Lebanon, NH$1,980,420,213
WakeMedRaleigh, NC$2,067,993,368
Covenant Health of East TennesseeKnoxville, TN$220,269,899
Sutter HealthSacramento, CA$1,918,502,649
Data update history
October 19, 2024
Updated personnel
Identified 7 new personnel
August 18, 2024
Posted financials
Added Form 990 for fiscal year 2023
August 7, 2024
Updated personnel
Identified 3 new personnel
July 16, 2024
Received grants
Identified 1 new grant, including a grant for $423,549 from Gaston Memorial Hospital Foundation
July 14, 2024
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Grantmaking organizationsHospitalsHealth organizationsHeadquarter / parent organizations
Issues
HealthDiseases and disorders
Characteristics
Political advocacyLobbyingState / local levelEndowed supportCommunity engagement / volunteeringTax deductible donationsAccepts online donations
General information
Address
2525 CT Dr
Gastonia, NC 28054
Metro area
Charlotte-Concord-Gastonia, NC-SC
County
Gaston County, NC
Website URL
caromonthealth.org/ 
Phone
(704) 834-2000
Facebook page
CaroMontHealth 
Twitter profile
@caromonthealth 
IRS details
EIN
56-0619359
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1945
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
E21: Community Health Systems
NAICS code, primary
622: Hospitals
Parent/child status
Central organization
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Exempt
FTB status revoked
Not revoked
AG Registration Number
None yet
FTB Entity ID
None yet
AB 488 data last updated ("as-of") date
2024-11-06
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