Lexington Medical Center
Also known as Atrium Health Wake Forest Baptist Le
Lexington Medical Center reported $165.2 million in revenue and $137.1 million in expenses for calendar year 2024. Of every $100 it spent, $94.72 went to program services, $5.28 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: 99.5% of the total. The highest compensation it reported for one person was $2,933,092 (TREASURER). Revenue rose 32% between FY2020 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $137MFor 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
Calendar year 2024 · Form 990, Part VIII · total revenue $165M- Contributions & grants (non-government)$0.06 $91,792
- Program service revenue$99.54 $164M
- Other revenue$0.40 $664K
Investment income was negative: −$1,736. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 94.7% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 5.3% | 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 | 0.1% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 99.5% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $2,933,092 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.14% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 0 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 18.0 | 6.6 |
| Independent voting board members Part VI 1a–1b | 13 of 19 | 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
2024 · Form 990, Part III · the three largest programs by expenseHighest reported compensation
2024 · 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 |
|---|---|---|---|---|
| TREASURER Officer, 0.50 hrs/week | $2,513,703 | $0 | $419,389 | $2,933,092 |
| DIRECTOR Director/trustee, 2.00 hrs/week | $0 | $985,312 | $34,812 | $1,020,124 |
| DIRECTOR Director/trustee, 0.80 hrs/week | $0 | $836,668 | $50,757 | $887,425 |
| DIRECTOR (TO 7/31/24) Director/trustee, 2.00 hrs/week | $0 | $752,480 | $49,615 | $802,095 |
| DIRECTOR, PRESIDENT AHWFB SOUTH/WEST AREA Director/trustee, officer, 38.00 hrs/week | $0 | $537,777 | $52,385 | $590,162 |
| DIRECTOR & FORMER PRESIDENT Director/trustee, 38.00 hrs/week | $0 | $488,622 | $0 | $488,622 |
| FINANCE DIRECTOR Key employee, 19.00 hrs/week | $0 | $273,238 | $36,460 | $309,698 |
| CHIEF NURSING OFFICER Highest compensated employee, 40.00 hrs/week | $0 | $245,893 | $41,985 | $287,878 |
0 people received more than $100,000 in reportable compensation from Lexington Medical Center (Part VII, line 2). Compensation of current officers, directors and key employees totaled $494K (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
2024 · 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–1b19 · 13 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 15aNo
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- 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 4Yes
- 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 50
- Volunteers Part I, line 630
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| AYA HEALTHCARE INC Healthcare services | $1,607,355 |
| SODEXO MAGIC LLC Facility management services | $848,036 |
| ARAMARK SERVICES INC Facility management services | $469,076 |
| DAVIDSON SURGICAL ASSOCIATES INC Healthcare services | $340,500 |
| TRIMEDX HOLDINGS LLC Clinical engineering services | $318,308 |
Individuals listed as contractors are left out. 13 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from Lexington Medical Center's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Lexington Medical Center, you can publish a response that is linked from this page.
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Of every $100 Lexington Medical Center spent in 2024, $94.72 went to programs. The full breakdown, from its IRS Form 990:
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All health care charities · Largest charities in North Carolina
Questions people ask
How much of Lexington Medical Center's spending goes to programs?
In calendar year 2024, Lexington Medical Center reported that 94.7% of its $137.1 million in expenses went to program services, 5.3% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Lexington Medical Center pay its top executive?
The largest total compensation Lexington Medical Center reported for one person in calendar year 2024 was $2,933,092, for the role of TREASURER (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Lexington Medical Center get its money?
Of $165.2 million in revenue in calendar year 2024, 0.1% came from contributions and grants and 99.5% from program service revenue (Form 990, Part VIII).
Is Lexington Medical Center a registered charity?
The IRS lists EIN 56-0543238 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
- 2024: Form 990 for calendar year 2024, object 202533219349304318 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202403209349302360 · read the filing
- 2022: Form 990 for calendar year 2022, object 202323189349305347 · read the filing
- FY2021 (6 mo.): Form 990 for the 6-month short period ending December 31, 2021, object 202213189349301811 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202201439349301230 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202121349349301717 · read the filing
All filings for EIN 56-0543238: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.