Nonprofits/Organizations/56-1828629
Active
501(c)(3)
E112
Form 990

Community General Hospital Foundation Inc

DBA: NOVANT HEALTH THOMASVILLE MEDICAL CENTER FOUNDATION

EIN 56-1828629WINSTON SALEM, NC 27103Founded 1992WebsiteIRS Tax Year 2024 · Period ending December 31, 2024
Mission Statement

SEE SCHEDULE O

IRS Tax Year 2024

Period ending December 31, 2024

Total Revenue

$137K

-48.8%YoY

Total Expenses

$127K

-23.4%YoY

Net Assets

$2.5M

+3.7%YoY

Employees

0

Volunteers

13

Grants Paid

$108K

Program Expense Ratio

93.8%

Fundraising Efficiency

1556.0%

This nonprofit profile presents IRS Form 990 tax filing data for Community General Hospital Foundation Inc (EIN: 56-1828629), based on the 2024 tax year annual return filed with the Internal Revenue Service.

Sections below include financial summaries (revenue, expenses, and net assets), program accomplishments, officer and key employee compensation, detailed executive pay breakdowns, governance policies and audit information, related tax-exempt organizations. All figures are reported in USD as filed.

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RoundPaper IndicatorsTax Year 2024

Financial Health

Revenue declined -48.8% to $137K
Program spending ratio of 93.8% — excellent
240.1 months of operating reserves — strong cushion
Expenses decreased -23.4% year-over-year

Transparency

Conflict of interest policy adopted
Whistleblower policy in place
Financial statements independently audited
17-member board, 13 independent

Compensation

Top compensation: $1,620,829 (FMR OFFICER)
Top exec pay is 1278.8% of total expenses — elevated
Schedule J filed for 9 individuals — detailed disclosure
No executive perks reported

Program Effectiveness

1 program reported
93.8% of spending goes to programs
No programs generate independent revenue
$108K in grants paid to other organizations
13 volunteers engaged

Financial Stability

Debt-to-asset ratio of 0.3% — low leverage
87.3 months cash runway — well positioned
Revenue diversification: well diversified
Net assets consistently growing over recent filings

Risk Flags

No insider or excess benefit transactions
No material diversion or misuse reported
No family/business relationships on board

Indicators derived from IRS Form 990 data. Not financial advice.

Organization Summary

Community General Hospital Foundation Inc is a 501(c)(3) nonprofit headquartered in WINSTON SALEM, NC, founded in 1992. The organization has held tax-exempt status since 1993. In its 2024 filing, the organization reported $137K in total revenue, a 48.8% decrease from the prior year, and $127K in total expenses. The organization engaged 13 volunteers. KIMBERLY HENDERSON, FMR OFFICER, is the highest-compensated individual at $1,620,829. The organization runs 1 program, totaling $119K in program expenses. 4 of 6 recommended governance policies are in place.

Community General Hospital Foundation Inc is classified under NTEE code E112. Its foundation type is 15.

Programs(Tax Year 2024)

1 record

Programs Overview

Community General Hospital Foundation Inc operates 1 program, with total program expenses of $119K. Community General Hospital Foundation Inc's largest program accounts for 100% of total program spending.

1
Program 1Expenses: $118,817

THE ORGANIZATION OPERATES TO RAISE COMMUNITY SUPPORT AND FUNDING THROUGH CHARITABLE GIVING FOR ESSENTIAL PROGRAMS, IMPROVED FACILITIES, AND STATE-OF-THE-ART TECHNOLOGY OF NOVANT HEALTH THOMASVILLE MEDICAL CENTER, A NON-PROFIT HOSPITAL LOCATED IN THOMASVILLE, NC.

Financial Overview(Tax Years 2019–2024)

6 records

Financial Highlights

Over the past 6 years, Community General Hospital Foundation Inc's revenue has declined from $385K to $137K, a 64.5% decrease. Program expenses represent 94% of total spending.

Revenue decreased 48.8% year-over-year, while expenses declined 23.4%. net assets rose to $2.5M, up 3.7% from the prior year.

Community General Hospital Foundation Inc derives 56% from contributions and grants, with 44% from investment income.

Revenue is diversified across contributions and grants (56%), investment income (44%).

Community General Hospital Foundation Inc allocates 94% to programs, 2% to management and general, 4% to fundraising.

Revenue declined by 48.8% and expenses declined by 23.4% year over year.

Community General Hospital Foundation Inc distributed $108K in grants to other organizations and individuals, representing 85% of total expenses.

Over 6 filings from 2019–2024, Community General Hospital Foundation Inc declined revenue from $385K to $137K (-64.5%) while maintaining a program expense ratio of 94%.

Community General Hospital Foundation Inc holds $2.5M in total assets against $9K in liabilities (debt-to-asset ratio of 0%). The organization has 240.1 months of operating reserves. Cash and equivalents of $922K cover approximately 87.3 months of expenses.

Revenue

YearTotal RevenueContributionsGov't GrantsProgram RevenueInvestment
2024$137K$76K$0$0$60K
2023$267K$238K$0$0$29K
2022$717K$673K$0$0$44K
2021$368K$225K$0$0$149K
2020$157K$129K$0$0$28K
2019$385K$356K$0$0$48K

Expenses

YearTotal ExpensesProgramManagementFundraisingGrants Paid
2024$127K$119K$3K$5K$108K
2023$166K$146K$3K$250$137K
2022$86K$52K$28K$6K$38K
2021$456K$387K$58K$12K$359K
2020$263K$98K$132K$32K$43K
2019$239K$78K$124K$37K$35K

Program Expense Ratio

93.8%

Admin Expense Ratio

2.4%

Fundraising Efficiency

1556.0%

Operating Reserve

240.1 mo

People & Compensation(Tax Year 2024)

24 records

Compensation Summary

Community General Hospital Foundation Inc reported compensation for 24 officers and key employees. Total officer compensation was $7.5M, representing 5880.7% of total expenses. 7 individuals received total compensation exceeding $500,000.

Community General Hospital Foundation Inc's highest-compensated individual received $1.6M in total compensation. Total officer compensation of $7.5M represents 5880.7% of total expenses. 3 individuals received total compensation exceeding $1,000,000.

NameTitleTypeHours/wkComp from OrgRelated OrgsTotal
KIMBERLY HENDERSONFMR OFFICER
Former
$0$1,421,376$1,620,829
GEOFFREY GARDNERCFO (TO 4/28/24)
Officer
0.20$0$1,254,252$1,299,330
ALICE POPEEVP/CFO (FR 4/29/24)
Officer
0.20$0$991,687$1,175,156
DOROTHY ANN CAULKINSSVP FDN (TO 6/1/24)
Officer
8.00$0$803,158$842,395
COLTON WOOD MDTRUSTEE (TO 12/31/24)/FAMILY PRACTNR
Director
0.20$0$586,275$634,388
JONATHAN APPLEBAUMTRUSTEE (FR 1/1/24)/PRESIDENT & COO
Director
0.20$0$561,807$607,537
JOSEPH STRINGFELLOW MDTRUSTEE (TO 12/31/24)/OBGYN
Director
0.20$0$556,364$606,823
SHARON HARRINGTONVP CHIEF PHILANTHROPY OFF(FR 6/2/24)
Officer
8.00$0$290,978$305,826
HEATHER EGANEXEC DIRECTOR
Officer
25.00$0$171,588$218,583
HAROLD THORNBURGTRUSTEE/CLINIC ADMINISTRATOR II
Director
0.20$0$115,245$142,540
TOM BYRNES MDTRUSTEE (FR 1/1/24)
Director
0.20$0$0$0
RESA RAULSTONTRUSTEE
Director
0.20$0$0$0
DEBOY BEAMONTRUSTEE
Director
0.20$0$0$0
CHRISTIAN BRANDYBERRY DDSTRUSTEE
Director
0.20$0$0$0
CANDICE JACKSONTRUSTEE
Director
0.20$0$0$0
BEATRIZ JUNCADELLA MDTRUSTEE
Director
0.20$0$0$0
AIMEE BOOZERTRUSTEE
Director
0.20$0$0$0
JUSTIN FINCHTRUSTEE
Director
0.20$0$0$0
LUZANGELA SHOFFNERTRUSTEE
Director
0.20$0$0$0
JARROD DUNBARVICE CHAIR
OfficerDirector
0.50$0$0$0
HEATHER LEWISTRUSTEE (FR 1/1/24 TO 2/26/24)
Director
0.20$0$0$0
FRANK BURTON MDCHAIR
OfficerDirector
0.50$0$0$0
MOLLY LASSITERSECRETARY
OfficerDirector
0.50$0$0$0
ANGELA RUBNICHTREASURER
OfficerDirector
0.50$0$0$0

Compensation Breakdown

Schedule J detail — base, bonus, benefits, and executive perks

KIMBERLY HENDERSON

Base Salary

Bonus

Other Reportable

Retirement/Deferred

Nontaxable Benefits

GEOFFREY GARDNER

Base Salary

Bonus

Other Reportable

Retirement/Deferred

Nontaxable Benefits

ALICE POPE

Base Salary

Bonus

Other Reportable

Retirement/Deferred

Nontaxable Benefits

DOROTHY ANN CAULKINS

Base Salary

Bonus

Other Reportable

Retirement/Deferred

Nontaxable Benefits

COLTON WOOD MD

Base Salary

Bonus

Other Reportable

Retirement/Deferred

Nontaxable Benefits

JONATHAN APPLEBAUM

Base Salary

Bonus

Other Reportable

Retirement/Deferred

Nontaxable Benefits

JOSEPH STRINGFELLOW MD

Base Salary

Bonus

Other Reportable

Retirement/Deferred

Nontaxable Benefits

SHARON HARRINGTON

Base Salary

Bonus

Other Reportable

Retirement/Deferred

Nontaxable Benefits

HEATHER EGAN

Base Salary

Bonus

Other Reportable

Retirement/Deferred

Nontaxable Benefits

Governance & Compliance(Tax Year 2024)

Governance Snapshot

Community General Hospital Foundation Inc has 4 of 6 recommended governance policies in place, including conflict of interest, whistleblower, document retention. Its board has 17 members, 13 of whom are independent.

Community General Hospital Foundation Inc's financial statements are audited, an audit committee oversees the process.

Policies & Oversight

Conflict of interest policy
Whistleblower policy
Document retention policy
CEO compensation review process
Other officer compensation review
990 provided to governing body
Board members17
Independent members13

Audit & Financial Oversight

Financial statements audited
Independent audit
Audit committee
Federal grant audit required

Grants Awarded(Tax Year 2024)

4 records

Grantmaking Summary

Community General Hospital Foundation Inc awarded $88K across 1 grant to organizations. Top recipients include NOVANT HEALTH INC (WINSTON SALEM, NC) — $88K for to support novant health thomasville medical center. The organization also provided grants to individuals (64 recipients) totaling $20K, including employee emergency fund, mammograms, patient assistance.

Organization Grants

RecipientLocationAmountPurpose
NOVANT HEALTH INC561376950WINSTON SALEM, NC$88KTO SUPPORT NOVANT HEALTH THOMASVILLE MEDICAL CENTER

Grants to Individuals

TypeRecipientsAmount
EMPLOYEE EMERGENCY FUND21$11K
MAMMOGRAMS13$5K
PATIENT ASSISTANCE30$4K

Supplemental Financial Data(Tax Year 2024)

Schedule D Highlights

The endowment stands at $1.5M, with $69K in new contributions.

Filing History(Tax Years 1993–2024)

6 records

Showing the 6 Form 990 filings currently in our system.

Tax YearFormPeriodRevenueExpensesNet Assets
2024
990
2024-01-01 – 2024-12-31$137K$127K$2.5M
2023
990
2023-01-01 – 2023-12-31$267K$166K$2.4M
2022
990
2022-01-01 – 2022-12-31$717K$86K$2.2M
2021
990
2021-01-01 – 2021-12-31$368K$456K$1.8M
2020
990
2020-01-01 – 2020-12-31$157K$263K$1.8M
2019
990
2019-01-01 – 2019-12-31$385K$239K$1.6M
1993–2018No filings acquired yet

Frequently Asked Questions

What does Community General Hospital Foundation Inc do?

SEE SCHEDULE O

How much revenue does Community General Hospital Foundation Inc have?

Community General Hospital Foundation Inc reported $136,655 in total revenue for tax year 2024, down 48.8% from the prior year.

Who is the highest-paid executive at Community General Hospital Foundation Inc?

KIMBERLY HENDERSON, FMR OFFICER, received $1,620,829 in total compensation as of tax year 2024.

Is Community General Hospital Foundation Inc a 501(c)(3)?

Yes, Community General Hospital Foundation Inc is classified as a 501(c)(3) tax-exempt organization.

Where is Community General Hospital Foundation Inc located?

Community General Hospital Foundation Inc is headquartered in WINSTON SALEM, NC 27103.

Is Community General Hospital Foundation Inc audited?

Yes, Community General Hospital Foundation Inc's financial statements are audited, and the organization has an audit committee.

How much does Community General Hospital Foundation Inc spend on fundraising?

Community General Hospital Foundation Inc reported $4,901 in fundraising expenses for tax year 2024, which represents 3.9% of total expenses.

Does Community General Hospital Foundation Inc give grants?

Yes, Community General Hospital Foundation Inc distributed $107,545 in grants to other organizations and individuals in tax year 2024. Top recipients include NOVANT HEALTH INC.

Data Source

IRS Form 990 electronic filings via the IRS Exempt Organizations Business Master File. All financial figures are as reported in USD.

Publicly available IRS data
Verified filing records
Updated quarterly
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