GASTON MEMORIAL HOSPITAL INC Charity Report

Public IRS 990 nonprofit record

GASTON MEMORIAL HOSPITAL INC

EIN 56-0619359 · General Hospitals (E22)

What they do

to PROVIDE COMPASSIONATE, EXCEPTIONAL, and HIGHLY RELIABLE CARE.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $92.70 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 2023The report may be old. Ask for a newer one.

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

They name their leaders27 people are listed in the latest report.

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

Money made simple

82.12%of revenue went to mission work92.7% of expenses · Program services

$88.61spent for every $100 of revenueRevenue covered expenses this year.

6.49%of revenue went to management and office costs7.3% of expenses

$1.28in assets for every $1 spent this yearSome assets cannot be spent right away.

0.1%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.

Pay context: The highest compensation shown in this filing is $2,074,421 for MR K CHRISTOPHER PEEK (CEO). 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 2023

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$790,891,234

Mission workProgram services$649,498,22582.12% of revenue92.7% of expenses

ManagementOffice and general costs$51,290,5826.49% of revenue7.3% of expenses

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

Revenue left after expensesReported annual surplus$90,102,42711.39% of revenueShown in gray on the chart

Total expenses$700,788,80788.61% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

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

2023CurrentExpense mix: 92.7% mission · 7.3% management · 0.0% fundraisingTotal expenses: 88.61% of revenue

2022Expense mix: 94.1% mission · 5.9% management · 0.0% fundraisingTotal expenses: 91.68% of revenue

2021Expense mix: 94.5% mission · 5.5% management · 0.0% fundraisingTotal expenses: 91.66% of revenue

2020Expense mix: 92.7% mission · 7.3% management · 0.0% fundraisingTotal expenses: 84.78% of revenue

2019Expense mix: 93.0% mission · 7.0% management · 0.0% fundraisingTotal expenses: 90.23% of revenue

2018Expense mix: 92.8% mission · 7.2% management · 0.0% fundraisingTotal expenses: 90.66% of revenue

2017Expense mix: 93.3% mission · 6.7% management · 0.0% fundraisingTotal expenses: 91.60% of revenue

2016Expense mix: 93.2% mission · 6.8% management · 0.0% fundraisingTotal expenses: 93.13% of revenue

Money in and money out

Revenue$790,891,234

Expenses$700,788,807

Annual surplus $90,102,427 Revenue was higher than expenses 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)$649,498,225 · 92.7% of expenses

Management and office costs$51,290,582 · 7.3% of expenses

See all reported dollar amounts

Revenue$790,891,234

Expenses$700,788,807

Assets$895,064,025

Contributions$734,159

Mission work (program services)$649,498,225

Grants given$9,996,189

Average grant$44,231

Management and general$51,290,582

Stocks and bonds$348,729

Accounting fees$184,429

Investing fees$15

People

Leadership and board

Tax year 2023

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

People reported as paid

Person and titleCompensation

MR K CHRISTOPHER PEEKCEO · 45 hrs/week $2,074,421Base $1,764,966 · Other $309,455

DR TODD DAVISEVP CHIEF PHYSICIAN EXECUTIVE · 45 hrs/week $1,245,257Base $1,048,889 · Other $196,368

MR DAVID OCONNOREVP/CFO/ASST. TREASURER · 45 hrs/week $1,140,025Base $956,025 · Other $184,000

MR DANNY WHARTONCHIEF OPERATING OFFICER · 45 hrs/week $803,908Base $670,464 · Other $133,444

MR FRANK MURPHYVP STRATEGY BUSINESS DEVELOPMENT · 40 hrs/week $802,129Base $703,917 · Other $98,212

DR GEORGE ADCOCK IIIVP MEDICAL AFFAIRS · 40 hrs/week $734,921Base $605,913 · Other $129,008

MR RICHARD BLACKBURNVP SUPPORT SERVICES · 40 hrs/week $714,150Base $517,138 · Other $197,012

MS ROBIN LANGVP CHIEF INFORMATION OFFICER · 40 hrs/week $682,785Base $550,336 · Other $132,449

MS LEIGH HICKMANCLO/ASST. SEC. · 45 hrs/week $675,066Base $564,906 · Other $110,160

MR JOEL RIDDLEVP HUMAN RESOURCES · 40 hrs/week $548,117Base $500,210 · Other $47,907

DR HEATH HIGHCHIEF OF STAFF (COS) ELECT THROUGH 12/31/23 (NON-V · 1 hrs/week $59,856Base · Other $59,856

DR JAY HENDLERCHIEF OF STAFF (COS) THROUGH 12/31/23; IMMEDIATE P · 1 hrs/week $58,372Base · Other $58,372

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 (27)

MR K CHRISTOPHER PEEKCEO

DR TODD DAVISEVP CHIEF PHYSICIAN EXECUTIVE

MR DAVID OCONNOREVP/CFO/ASST. TREASURER

MR DANNY WHARTONCHIEF OPERATING OFFICER

MR FRANK MURPHYVP STRATEGY BUSINESS DEVELOPMENT

DR GEORGE ADCOCK IIIVP MEDICAL AFFAIRS

MR RICHARD BLACKBURNVP SUPPORT SERVICES

MS ROBIN LANGVP CHIEF INFORMATION OFFICER

MS LEIGH HICKMANCLO/ASST. SEC.

MR JOEL RIDDLEVP HUMAN RESOURCES

DR HEATH HIGHCHIEF OF STAFF (COS) ELECT THROUGH 12/31/23 (NON-V

DR JAY HENDLERCHIEF OF STAFF (COS) THROUGH 12/31/23; IMMEDIATE P

DR SHIDDHI PATELCHIEF-OF STAFF ELECT (NON-VOTING) STARTING 1/1/202

DR MICHEAL GASLINPAST-CHIEF-OF-STAFF (NON-VOTING) THROUGH 12/31/202

REV DR BENJAMIN HINTONDIRECTOR

REV DR PEARL BURRIS-FLOYDSECRETARY

MS JANIE PEAKDIRECTOR

MS ANNETTE CARTERDIRECTOR

MR TIM EFIRDVICE CHAIR

MR JOSEPH DAVIS JRDIRECTOR

MR JEFFREY CASHCHAIR

MR JAY MCGRAWDIRECTOR

MR JASON AUSTELLDIRECTOR

MR FRANK STEWARTDIRECTOR

MR DAVID PAYSEURTREASURER

MR DAN BOYDDIRECTOR

MR BOB HOVISDIRECTOR

About this charity

Recognized since: January 1949
Location: 2525 COURT DR, GASTONIA, NC 28054-2140
County: Gaston
In care of: David O Connor
Primary officer: David O Connor, EVP, CFO

How to reach them

WebsiteVisit the charity’s website Phone(704) 834-2000

Filing and classification

Latest tax year: 2023
Tax period began: July 1, 2023
Return type: 990
Tax preparer: FORVIS MAZARS LLP
NTEE classification: General Hospitals (E22)
IRS tax category: General Hospitals
Grant-giving organization: Yes