Presbyterian Medical Care Corp EIN 56-1376368

Presbyterian Medical Care Corp

EIN  56-1376368 Unknown exempt organization Winston Salem, NC Founded 1983
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 7/4/26 · see original filing: IRS
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Size
$100M+
What they do
Provides hospital care, including emergency services, surgery, and inpatient/outpatient treatment, for all community members regardless of ability to pay.
Leadership
Jason Bernd · President & COO · $561K
Money in and out
$272.3M revenue, $230.0M expenses
Bottom line
+16% surplus margin

Provides hospital care, including emergency services, surgery, and inpatient/outpatient treatment, for all community members regardless of ability to pay. For fiscal year 2022 it reported $272.3M in revenue, $230.0M in expenses, and $853.6M in net assets.Pt I

Reported financial activity · FY2022
Total revenue
$272.3M
Pt VIII · Ln 12
Total expenses
$230.0M
Pt IX · Ln 25
Net assets
$853.6M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $42.3M
Where spending went · Part IX cols B–D
Program services $0.75 Management & general $0.25
Surplus margin
+16%
revenue over expenses, this year▼ -30% vs prior filing year
Program spending
75%
of expenses reach programs▼ -1% vs prior filing year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$272.3M
FY2022▼ -10%
Expenses
$230.0M
FY2022▼ -3%
Total assets
$892.9M
FY2022▲ +4%
Total liabilities
$39.3M
FY2022▼ -18%
Total revenue
$272.3M
Pt VIII · Ln 12
Total expenses
$230.0M
Pt IX · Ln 25
Net assets
$853.6M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$42.3M
Total assetsPt X · Ln 16$892.9M
Program-expense ratioPt IX · col B75%
Voting members of governing bodyPt I · Ln 316
Independent voting membersPt I · Ln 411
Mission & Programs · Part III

Where the work happens

2 program services account for $187.9M of program spending, described in the organization's own filed words · FY2022.
01

Presbyterian medical care corporation ("PMCC"), doing business as novant health matthews medical center, is dedicated to supporting the health and welfare of the residents of the communities served by the organization. PMCC maintains an open door policy, accepting all patients regardless of their ability to pay.

$172.7Mprogram expense
02

Presbyterian medical care corporation ("PMCC"), doing business as novant health matthews medical center, was dedicated to supporting the health and welfare of the residents of the communities served by the organization. PMCC maintained an open door policy, accepting all patients regardless of their ability to pay.

$15.2Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPresbyterian Medical Care Corp
EINHdr · item D56-1376368
Principal addressHdr · item CWinston Salem, NC
WebsiteHdr · item Jwww.novanthealth.org
Year of formationHdr · item L1983
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFpending

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a16
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President & COO
$560,635Pt VII · Sec A
$362,236Pt VII · Sec A
Supv Crna
$314,293Pt VII · Sec A
$293,663Pt VII · Sec A
$268,438Pt VII · Sec A
$257,979Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2022FY2021FY2020
Jason Bernd$560,635
Bernd Jason$522,880$120,070
Bibeau Roland$150,725$428,941
Scotty Campbell II$362,236
Kokoszka Adam$320,737$286,445
Campbell II Scotty$314,437$231,978
Adam Kokoszka$314,293
Debra Allenspach$293,663

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue$269.7M · 99%
Contributions & grants$1.5M · 1%
Program service revenue99%$269.7M
Contributions & grants1%$1.5M
Investment income$204K
Other revenue$877K
— government grantsLn 1e$1.4M
Total revenueLn 12$272.3M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.75 Management & general $0.25
Program services75%$172.7M
Management & general25%$57.3M
Total functional expensesLn 25$230.0M

Balance Sheet

Part X · end of year
CashLn 1$396
Total assetsLn 16$892.9M
Total liabilitiesLn 26$39.3M
Total net assetsLn 32$853.6M
Months of cash on handcomputed0.0

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $-3.1M · Operating expenses/yr $230.0M
-0.2 months
Where the money goes
Program services
Program services $172.7M · Total expenses $230.0M
75%
Management & General
Management & general $57.3M · Total expenses $230.0M
25%
Fundraising
Fundraising $0 · Total expenses $230.0M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $157K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $1.5M · Total revenue $272.3M
1%
Government reliance
Government grants $1.4M · Total revenue $272.3M
1%
Earned-income share
Program service revenue $269.7M · Total revenue $272.3M
99%
Investment reliance
Investment income $204K · Total revenue $272.3M
0%
Program self-sufficiency
Program service revenue $269.7M · Total expenses $230.0M
117%
Growth & trend
Revenue growth (YoY)
This year $272.3M · Prior year $303.6M
-10%
Net-asset trend (YoY)
End of year $853.6M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $272.3M · Expenses $230.0M
+16%
Liabilities-to-Assets
Total liabilities — · Total assets $892.9M
Net-asset ratio
Net assets $853.6M · Total assets $892.9M
96%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $-3.1M · Total assets (Pt X, ln 16) $892.9M
-0%
People & payroll
Highest Reported Total Compensation
Individual Jason Bernd · Reported title PRESIDENT & COO · Highest reported compensation $561K · Total expenses $230.0M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $83.4M · Total expenses $230.0M
36%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 75%
Overhead ratio 25%
Fundraising cost ratio 0%
Revenue growth -10%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$156K
Grants paid · 29 grants · $1.1M · 2020–2022
Wingate UniversityNC · FY2022$59,000
Matthews Free Medical ClinicNC · FY2022$49,300
Matthews Alive INCNC · FY2022$27,000
Matthews Help CenterNC · FY2022$23,000
Bright BlessingsNC · FY2022$17,100
Town of MatthewsFY2022$10,500
Unitemized GrantFY2021$178,178
Matthews Free Medical ClinicNC · FY2021$88,218
See all 29 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2022 (Latest)$272.3M revenue · viewing · ⤓ 990 PDF
FY2021$303.6M revenue · ⤓ 990 PDF
FY2020$280.2M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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