Moses H Cone Memorial Hospital Operating Corporation
Moses H Cone Memorial Hospital Operating Corporation reported $2.31 billion in revenue and $2.04 billion in expenses for the fiscal year ending September 30, 2024. Of every $100 it spent, $90.04 went to program services, $9.96 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: 97.2% of the total. The highest compensation it reported for one person was $1,678,281 (PRESIDENT & CEO). 1,152 people received more than $100,000 in reportable compensation. Revenue rose 54% 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 $2.04BFor 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 $2.31BThe 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 | $0.00 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 1.5% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 1.2% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 97.2% | 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) | 0.08% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 1,152 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 10.1 | 6.6 |
| Independent voting board members Part VI 1a–1b | 13 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 expenseProvision of healthcare services: during the fiscal year, moses h. Cone Memorial operating system had a total of 45,345 patient discharges, 231,425 days of care, 1,049,637 total outpatient and telehealth visits and an average daily census of 632.3
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, 40.0 hrs/week | $1,587,536 | $0 | $90,745 | $1,678,281 |
| EXE VP & ASST SEC THRU 02/24 Officer, 40.0 hrs/week | $902,565 | $0 | $82,340 | $984,905 |
| PHYSICIAN Highest compensated employee, 40.0 hrs/week | $930,404 | $0 | $24,636 | $955,040 |
| CHIEF OPERATING OFFICER Officer, 40.0 hrs/week | $861,178 | $0 | $79,400 | $940,578 |
| PHYSICIAN Highest compensated employee, 40.0 hrs/week | $834,526 | $0 | $52,682 | $887,208 |
| SVP & PRESIDENT MOSES CONE HOS Key employee, 40.0 hrs/week | $765,653 | $0 | $76,546 | $842,199 |
| CFO & SECRETARY Officer, 40.0 hrs/week | $719,090 | $0 | $91,844 | $810,934 |
| EVP & CHIEF INFORMATION OFFICE Highest compensated employee, 40.0 hrs/week | $710,000 | $0 | $34,494 | $744,494 |
1,152 people received more than $100,000 in reportable compensation from Moses H Cone Memorial Hospital Operating Corporation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $12M (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 · 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 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 512,233
Private foundation grants it received
1 private foundation reported grants to Moses H Cone Memorial Hospital Operating Corporation totaling $11 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 Moses H Cone Memorial Hospital Operating Corporation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Moses H Cone Memorial Hospital Operating Corporation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Moses H Cone Memorial Hospital Operating Corporation spent in FY2024, $90.04 went to programs. The full breakdown, from its IRS Form 990:
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Questions people ask
How much of Moses H Cone Memorial Hospital Operating Corporation's spending goes to programs?
In the fiscal year ending September 30, 2024, Moses H Cone Memorial Hospital Operating Corporation reported that 90.0% of its $2.04 billion in expenses went to program services, 10.0% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Moses H Cone Memorial Hospital Operating Corporation pay its top executive?
The largest total compensation Moses H Cone Memorial Hospital Operating Corporation 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 Moses H Cone Memorial Hospital Operating Corporation get its money?
Of $2.31 billion in revenue in the fiscal year ending September 30, 2024, 1.5% came from contributions and grants (including 1.2% from government grants) and 97.2% from program service revenue (Form 990, Part VIII).
Is Moses H Cone Memorial Hospital Operating Corporation a registered charity?
The IRS lists EIN 58-1588823 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 202523229349302422 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending September 30, 2024, object 202522269349302362 · read the filing
- FY2023: Form 990 for the fiscal year ending September 30, 2023, object 202412279349300946 · read the filing
- FY2022: Form 990 for the fiscal year ending September 30, 2022, object 202312269349300781 · read the filing
- FY2021: Form 990 for the fiscal year ending September 30, 2021, object 202202279349303960 · read the filing
- FY2020: Form 990 for the fiscal year ending September 30, 2020, object 202102229349302170 · read the filing
All filings for EIN 58-1588823: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.