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CAROMONT MEDICAL GROUP INC

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Public IRS 990 nonprofit record

CAROMONT MEDICAL GROUP INC

EIN 56-1479712 · Single Organization Support (E11)

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 $95.00 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 leaders14 people are listed in the latest report.

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

Money made simple

119.76%of revenue went to mission work95.0% of expenses · Program services
$126.00spent for every $100 of revenueSpending was higher than revenue this year.
6.25%of revenue went to management and office costs5.0% of expenses
$0.40in 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

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

Worth asking: Expenses exceeded revenue by $43,083,267 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $1,366,814 for DR INDERJEET SINGH (PHYSCIAN). 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.

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$165,685,869
Mission workProgram services$198,420,907119.76% of revenue95.0% of expenses
ManagementOffice and general costs$10,348,2296.25% of revenue5.0% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Total expenses$208,769,136126.00% 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
2023CurrentExpense mix: 95.0% mission · 5.0% management · 0.0% fundraisingTotal expenses: 126.00% of revenue
2022Expense mix: 94.3% mission · 5.7% management · 0.0% fundraisingTotal expenses: 123.72% of revenue
2021Expense mix: 94.8% mission · 5.2% management · 0.0% fundraisingTotal expenses: 121.45% of revenue
2020Expense mix: 94.2% mission · 5.8% management · 0.0% fundraisingTotal expenses: 123.64% of revenue
2019Expense mix: 93.0% mission · 7.0% management · 0.0% fundraisingTotal expenses: 120.64% of revenue
2018Expense mix: 93.6% mission · 6.4% management · 0.0% fundraisingTotal expenses: 122.20% of revenue
2017Expense mix: 94.5% mission · 5.5% management · 0.0% fundraisingTotal expenses: 116.16% of revenue
2016Expense mix: 94.1% mission · 5.9% management · 0.0% fundraisingTotal expenses: 116.70% of revenue

Money in and money out

Revenue$165,685,869
Expenses$208,769,136
Annual shortfall $43,083,267 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)$198,420,907 · 95.0% of expenses
Management and office costs$10,348,229 · 5.0% of expenses
See all reported dollar amounts
Revenue$165,685,869
Expenses$208,769,136
Assets$82,782,092
Income$165,757,028
Contributions$189,918
Mission work (program services)$198,420,907
Management and general$10,348,229
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
DR INDERJEET SINGHPHYSCIAN · 40 hrs/week $1,366,814Base $1,298,837 · Other $67,977
DR JAMES GREELISHPHYSCIAN · 40 hrs/week $1,264,123Base $1,196,138 · Other $67,985
DR OH CHANGPHYSCIAN · 40 hrs/week $1,176,771Base $1,108,885 · Other $67,886
DR PAUL KOCHUPURAPHYSCIAN · 40 hrs/week $1,143,704Base $1,119,408 · Other $24,296
DR DUSTIN LETTSPHYSCIAN · 40 hrs/week $1,094,409Base $1,026,424 · Other $67,985
DR MARK THOMPSONDIRECTOR · 40 hrs/week $870,678Base $812,184 · Other $58,494
DR JAY HENDLERDIRECTOR · 40 hrs/week $558,661Base $500,289 · Other $58,372
DR ANDREW DYKSTERHOUSEDIRECTOR · 20 hrs/week $322,822Base $264,395 · Other $58,427
MR K CHRISTOPHER PEEKCEO · 1 hrs/week $309,455Base · Other $309,455
MR DAVID OCONNOREVP/CFO/ASST. TREASURER · 1 hrs/week $184,000Base · Other $184,000
MS LEIGH HICKMANCLO/ASST. SEC. · 1 hrs/week $110,160Base · Other $110,160

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 (14)

DR INDERJEET SINGHPHYSCIAN

DR JAMES GREELISHPHYSCIAN

DR OH CHANGPHYSCIAN

DR PAUL KOCHUPURAPHYSCIAN

DR DUSTIN LETTSPHYSCIAN

DR MARK THOMPSONDIRECTOR

DR JAY HENDLERDIRECTOR

DR ANDREW DYKSTERHOUSEDIRECTOR

MR K CHRISTOPHER PEEKCEO

MR DAVID OCONNOREVP/CFO/ASST. TREASURER

MS LEIGH HICKMANCLO/ASST. SEC.

MR BOB HOVISDIRECTOR

MR FRANK STEWARTCHAIR

MS ANNETTE CARTERDIRECTOR

About this charity

Recognized since
January 1986
Location
2525 COURT DR, GASTONIA, NC 28054-2140
County
Gaston
In care of
David O'Connor
Primary officer
David OConnor, EVP, CFO

How to reach them

Filing and classification

Latest tax year
2023
Tax period began
July 1, 2023
Return type
990
Tax preparer
FORVIS MAZARS LLP
NTEE classification
Single Organization Support (E11)
IRS tax category
HMO Medical Centers

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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