WAKE FOREST UNIVERSITY BAPTIST MEDICAL CENTER Charity Report

Public IRS 990 nonprofit record

WAKE FOREST UNIVERSITY BAPTIST MEDICAL CENTER

EIN 51-0190238 · Health Care (E120)

What they do

SEE SCHEDULE OWAKE FOREST UNIVERSITY BAPTIST MEDICAL CENTER (AT TIMES ALSO REFERRED to AS THE "MEDICAL CENTER or "WFUBMC or "THE FILING ORGANIZATION") is AN INTEGRAL PART of ATRIUM HEALTH WAKE FOREST BAPTIST (AT TIMES ALSO REFERRED to AS "AHWFB"), A PREEMINENT LEARNING HEALTH SYSTEM and ACADEMIC MEDICAL CENTER of THE HIGHEST QUALITY WITH BALANCED EXCELLENCE IN PATIENT CARE, RESEARCH and EDUCATION THAT PROMOTES BETTER HEALTH for ALL THROUGH COLLABORATION, EXCELLENCE and INNOVATION. AHWFBS MISSION is to IMPROVE HEALTH, ELEVATE HOPE and ADVANCE HEALING - for ALL and ITS VISION is to BE THE FIRST and BEST CHOICE for CARE.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $94.10 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders34 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

125.53%of revenue went to mission work94.1% of expenses · Program services

$133.41spent for every $100 of revenueSpending was higher than revenue this year.

7.88%of revenue went to management and office costs5.9% of expenses

$2.82in assets for every $1 spent this yearSome assets cannot be spent right away.

5.2%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $57,677,113 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $25,781,279 for EUGENE A WOODS (CEO ADVOCATE HEALTH). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$172,627,029

Mission workProgram services$216,699,729125.53% of revenue94.1% of expenses

ManagementOffice and general costs$13,604,4137.88% of revenue5.9% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$230,304,142133.41% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 94.1% mission · 5.9% management · 0.0% fundraisingTotal expenses: 133.41% of revenue

2023Expense mix: 91.3% mission · 8.7% management · 0.0% fundraisingTotal expenses: 121.13% of revenue

2022Expense mix: 91.1% mission · 8.9% management · 0.0% fundraisingTotal expenses: 109.16% of revenue

2021Expense mix: 91.6% mission · 8.4% management · 0.0% fundraisingTotal expenses: 140.00% of revenue

2020Expense mix: 92.4% mission · 7.6% management · 0.0% fundraisingTotal expenses: 73.33% of revenue

2019Expense mix: 93.2% mission · 6.8% management · 0.0% fundraisingTotal expenses: 112.44% of revenue

2018Expense mix: 96.2% mission · 3.8% management · 0.0% fundraisingTotal expenses: 115.77% of revenue

2017Expense mix: 96.3% mission · 3.7% management · 0.0% fundraisingTotal expenses: 96.56% of revenue

Money in and money out

Revenue$172,627,029

Expenses$230,304,142

Annual shortfall $57,677,113 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$216,699,729 · 94.1% of expenses

Management and office costs$13,604,413 · 5.9% of expenses

See all reported dollar amounts

Revenue$172,627,029

Expenses$230,304,142

Assets$648,834,754

Income$173,910,562

Contributions$8,917,329

Mission work (program services)$216,699,729

Grants given$41,782,859

Average grant$8,356,572

Management and general$13,604,413

Stocks and bonds$8,875,923

Investing fees$323,293

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

EUGENE A WOODSCEO ADVOCATE HEALTH · 5 hrs/week $25,781,279Base $22,870,198 · Other $2,911,081

BRADLEY A CLARKEVP, TREASURER · 4 hrs/week $2,933,092Base $2,513,703 · Other $419,389

TERRY G WILLIAMSFORMER OFFICER $2,453,054Base $2,204,442 · Other $248,612

J MCLAIN WALLACE JRSVP, GEN COUNSEL & SECRETARY · 5 hrs/week $1,689,329Base $1,659,102 · Other $30,227

CATHLEEN WHEATLEY DNPPRES WFBMC, SVP CNO · 40 hrs/week $1,268,605Base $1,249,664 · Other $18,941

A MICK FISHERSVP, CHRO WFB · 25 hrs/week $1,020,124Base $985,312 · Other $34,812

LISA M MARSHALLVP, CHIEF PHIL OFF · 20 hrs/week $1,005,808Base $974,433 · Other $31,375

RAMI BADREDDINE MDPHYSICIAN · 40 hrs/week $935,319Base $885,618 · Other $49,701

TODD BANKHEADSVP CLINICAL OPS, COO · 40 hrs/week $901,417Base $862,124 · Other $39,293

MICHAEL T WAIDSVP, HEALTH SYSTEM OPS · 5 hrs/week $887,425Base $836,668 · Other $50,757

STEPHAN L LILLIESVP & CFO · 10 hrs/week $728,685Base $666,639 · Other $62,046

SUSAN R WENTE PHDDIRECTOR · 6 hrs/week $363,435Base · Other $363,435

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (34)

EUGENE A WOODSCEO ADVOCATE HEALTH

BRADLEY A CLARKEVP, TREASURER

TERRY G WILLIAMSFORMER OFFICER

J MCLAIN WALLACE JRSVP, GEN COUNSEL & SECRETARY

CATHLEEN WHEATLEY DNPPRES WFBMC, SVP CNO

A MICK FISHERSVP, CHRO WFB

LISA M MARSHALLVP, CHIEF PHIL OFF

RAMI BADREDDINE MDPHYSICIAN

TODD BANKHEADSVP CLINICAL OPS, COO

MICHAEL T WAIDSVP, HEALTH SYSTEM OPS

STEPHAN L LILLIESVP & CFO

SUSAN R WENTE PHDDIRECTOR

J REID MORGANASST SECRETARY

BRIAN A WHITEDIRECTOR

KEVIN P HIGH MDFORMER OFFICER

DAVID ZAAS MDPRES, HEALTH SYSTEM

JULIE ANN FREISCHLAG MDCEO OF AHWFB

L EBONY BOULWARE MDDEAN, WFU SOM

STEPHEN L ROBERTSONDIRECTOR

SHEREE B WATSONDIRECTOR

A DALE JENKINSDIRECTOR

RICHARD L SHACKELFORDDIRECTOR

REV FRANK THOMASDIRECTOR

WILLIAM C WARDEN JRCHAIR

NITA AHUJA MDDIRECTOR

MATTHEW A KINGDIRECTOR

MARK E REEDDIRECTOR

LEON LEE JONES MDDIRECTOR

JOHN M VANNDIRECTOR

FELICIA ALLENDIRECTOR

DONNA A BOSWELL PHDDIRECTOR

DONALD E FLOWVICE CHAIR

ARTHUR A GIBELDIRECTOR

A LEE HERRINGDIRECTOR

About this charity

Recognized since: January 1976
Location: MEDICAL CENTER BOULEVARD, WINSTONSALEM, NC 27157-0001
County: Forsyth
In care of: BRADLEY A CLARK
Primary officer: BRADLEY A CLARK, TREASURER

How to reach them

WebsiteVisit the charity’s website Phone(336) 716-4445

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
NTEE classification: Health Care (E120)
Grant-giving organization: Yes