The Moses H Cone Memorial Hospital
The Moses H Cone Memorial Hospital reported $109.4 million in revenue and $118.0 million in expenses for the fiscal year ending September 30, 2024. Of every $100 it spent, $90.00 went to program services, $10.00 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 54.1% of the total. The highest compensation it reported for one person was $1,678,281 (PRESIDENT & CEO). 20 people received more than $100,000 in reportable compensation. Revenue fell 43% between FY2020 and FY2024. Source: Form 990, FY2024 (3 mo.).
Where $100 of spending went
The 3-month short period ending December 31, 2024 · Form 990, Part IX, line 25 · total expenses $118MFor context, the median across 5,634 covered health care charities: $86.19 programs, $13.81 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The 3-month short period ending December 31, 2024 · Form 990, Part VIII · total revenue $109MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 90.0% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 10.0% | 13.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | Not reported | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.0% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 54.1% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $1,678,281 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.42% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 20 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 62.7 | 6.6 |
| Independent voting board members Part VI 1a–1b | 8 of 15 | 88.9% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2024 (3 mo.) · Form 990, Part III · the three largest programs by expenseHold and operate property for cone health system
Highest reported compensation
FY2024 (3 mo.) · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT & CEO Director/trustee, officer, 0.0 hrs/week | $0 | $1,587,536 | $90,745 | $1,678,281 |
| EVP & ASS SEC (TERM 2/16/24) Officer, 0.0 hrs/week | $0 | $902,565 | $82,340 | $984,905 |
| CHIEF OPERATING OFFICER Director/trustee, officer, 0.0 hrs/week | $0 | $861,178 | $79,400 | $940,578 |
| CFO & SECRETARY Officer, 0.0 hrs/week | $0 | $719,090 | $91,844 | $810,934 |
| PRESIDENT & CHIEF EXECUTIVE Former, 0.0 hrs/week | $0 | $735,294 | $8,597 | $743,891 |
| SVP & CHIEF LEGAL COUNSEL Officer, 0.0 hrs/week | $0 | $563,659 | $83,480 | $647,139 |
| CIO & TREASURER Officer, 40.0 hrs/week | $487,372 | $0 | $119,314 | $606,686 |
| EXECUTIVE VP & ASST. SECRETARY Officer, 0.0 hrs/week | $0 | $514,675 | $35,203 | $549,878 |
20 people received more than $100,000 in reportable compensation from The Moses H Cone Memorial Hospital (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.6M (Part IX, line 5).
6 filings since FY2020
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2024 (3 mo.) · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b15 · 8 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5297
Private foundation grants it received
2 private foundations reported grants to The Moses H Cone Memorial Hospital totaling $70,000 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from The Moses H Cone Memorial Hospital's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for The Moses H Cone Memorial Hospital, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 The Moses H Cone Memorial Hospital spent in FY2024, $90.00 went to programs. The full breakdown, from its IRS Form 990:
Questions people ask
How much of The Moses H Cone Memorial Hospital's spending goes to programs?
In the fiscal year ending September 30, 2024, The Moses H Cone Memorial Hospital reported that 90.0% of its $118.0 million in expenses went to program services, 10.0% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does The Moses H Cone Memorial Hospital pay its top executive?
The largest total compensation The Moses H Cone Memorial Hospital reported for one person in the fiscal year ending September 30, 2024 was $1,678,281, for the role of PRESIDENT & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does The Moses H Cone Memorial Hospital get its money?
Of $109.4 million in revenue in the fiscal year ending September 30, 2024, 0.0% came from contributions and grants and 54.1% from program service revenue (Form 990, Part VIII).
Is The Moses H Cone Memorial Hospital a registered charity?
The IRS lists EIN 56-0532302 as a 501(c)(3) organization (hospital or medical research organization), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2024 (3 mo.): Form 990 for the 3-month short period ending December 31, 2024, object 202513219349308376 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending September 30, 2024, object 202502269349300520 · read the filing
- FY2023: Form 990 for the fiscal year ending September 30, 2023, object 202442289349301379 · read the filing
- FY2022: Form 990 for the fiscal year ending September 30, 2022, object 202322269349301852 · read the filing
- FY2021: Form 990 for the fiscal year ending September 30, 2021, object 202222279349303802 · read the filing
- FY2020: Form 990 for the fiscal year ending September 30, 2020, object 202132229349302308 · read the filing
All filings for EIN 56-0532302: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.