Pender Memorial Hospital Incorporated
DBA: Novant Health Pender Medical Center
SEE SCHEDULE O
IRS Tax Year 2024
Period ending December 31, 2024
Total Revenue
$38.7M
Total Expenses
$40.3M
Net Assets
$27.8M
Employees
265
Volunteers
46
Program Expense Ratio
95.9%
This nonprofit profile presents IRS Form 990 tax filing data for Pender Memorial Hospital Incorporated (EIN: 56-0653348), 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, top independent contractors, governance policies and audit information, related tax-exempt organizations. All figures are reported in USD as filed.
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Financial Health
Transparency
Compensation
Program Effectiveness
Financial Stability
Risk Flags
Indicators derived from IRS Form 990 data. Not financial advice.
Pender Memorial Hospital Incorporated is a 501(c)(3) nonprofit headquartered in Burgaw, NC, founded in 1964. It is classified under NTEE code E22 (General Hospitals), within the Healthcare category. The organization has held tax-exempt status since 1965. In its 2024 filing, the organization reported $38.7M in total revenue, a 10.3% increase from the prior year, and $40.3M in total expenses. The organization employed 265 people and engaged 46 volunteers. GEOFFREY GARDNER, CFO (TO 4/28/24), is the highest-compensated individual at $1,299,330. The organization runs 1 program, totaling $38.6M in program expenses. 4 of 6 recommended governance policies are in place. Executive benefits include first-class travel, companion travel, housing allowance, discretionary spending.
Pender Memorial Hospital Incorporated is classified under NTEE code E22 (General Hospitals), which falls within the Healthcare category. Its foundation type is 12.
Programs(Tax Year 2024)
1 record
Pender Memorial Hospital Incorporated operates 1 program, with total program expenses of $38.6M. Pender Memorial Hospital Incorporated's largest program accounts for 100% of total program spending.
PENDER MEMORIAL HOSPITAL, INCORPORATED ("PMH") DBA NOVANT HEALTH PENDER MEDICAL CENTER EXISTS TO PROMOTE THE HEALTH OF THE MEMBERS OF PENDER COUNTY, NORTH CAROLINA AND SURROUNDING AREAS, REGARDLESS OF A PATIENT'S ABILITY TO PAY. THE HOSPITAL HAS 86 LICENSED BEDS. IN 2024, THERE WERE 9,391 PATIENT DAYS, 299 DISCHARGES, 1,607 INPATIENT/OUTPATIENT SURGERIES, 35,702 OUTPATIENT ENCOUNTERS, AND 19,966 EMERGENCY DEPARTMENT VISITS.
Financial Overview(Tax Years 2020–2024)
5 records
Over the past 5 years, Pender Memorial Hospital Incorporated's revenue has grown from $37.6M to $38.7M, a 3.0% increase. Program expenses represent 96% of total spending.
Revenue increased 10.3% year-over-year, while expenses grew 9.8%. net assets fell to $27.8M, down 5.1% from the prior year. the organization added 4 employees.
Pender Memorial Hospital Incorporated derives 0% from contributions and grants, with 100% from program services, with 0% from investment income.
Revenue is heavily concentrated: 100% comes from program service revenue, indicating limited diversification.
Pender Memorial Hospital Incorporated allocates 96% to programs, 4% to management and general.
Revenue grew by 10.3% and expenses grew by 9.8% year over year.
Over 5 filings from 2020–2024, Pender Memorial Hospital Incorporated grew revenue from $37.6M to $38.7M (+3.0%) while maintaining a program expense ratio of 96%. During this period, the organization grew from 248 to 265 employees.
Pender Memorial Hospital Incorporated holds $34.8M in total assets against $7.0M in liabilities (debt-to-asset ratio of 20%). The organization has 8.3 months of operating reserves. Cash and equivalents of $9.3M cover approximately 2.8 months of expenses.
Revenue
| Year | Total Revenue | Contributions | Gov't Grants | Program Revenue | Investment |
|---|---|---|---|---|---|
| 2024 | $38.7M | $41K | $0 | $38.6M | $4K |
| 2023 | $35.1M | $355K | $329K | $34.6M | $3K |
| 2022 | $34.4M | $212K | $212K | $34.0M | $77K |
| 2021 | $13.2M | $4.4M | $4.4M | $8.8M | $3K |
| 2020 | $37.6M | $26K | $26K | $37.5M | $3K |
Expenses
| Year | Total Expenses | Program | Management | Fundraising | Grants Paid |
|---|---|---|---|---|---|
| 2024 | $40.3M | $38.6M | $1.7M | $0 | $0 |
| 2023 | $36.7M | $35.7M | $647K | $0 | $0 |
| 2022 | $37.5M | $36.5M | $1.0M | $0 | $0 |
| 2021 | $12.7M | $11.9M | $763K | $0 | $0 |
| 2020 | $34.1M | $31.6M | $2.5M | $0 | $0 |
Program Expense Ratio
95.9%
Admin Expense Ratio
4.1%
Fundraising Efficiency
—
Operating Reserve
8.3 mo
People & Compensation(Tax Year 2024)
20 records
Pender Memorial Hospital Incorporated reported compensation for 20 officers and key employees. Total officer compensation was $4.1M, representing 10.1% of total expenses. 2 individuals received total compensation exceeding $500,000.
Pender Memorial Hospital Incorporated's highest-compensated individual received $1.3M in total compensation. Total officer compensation of $4.1M represents 10.1% of total expenses. 2 individuals received total compensation exceeding $1,000,000.
| Name | Title | Type | Hours/wk | Comp from Org | Related Orgs | Total |
|---|---|---|---|---|---|---|
| GEOFFREY GARDNER | CFO (TO 4/28/24) | Officer | 0.20 | $0 | $1,254,252 | $1,299,330 |
| ALICE POPE | EVP/CFO (FR 4/29/24) | Officer | 0.20 | $0 | $991,687 | $1,175,156 |
| RUTH GLASER | PRESIDENT | Officer | 25.00 | $0 | $440,172 | $483,605 |
| PAUL WHITE | CRNA II - NE | Highest Comp | 40.00 | $271,676 | $11,154 | $335,180 |
| REBECCA BATES | CRNA II - NE | Highest Comp | 40.00 | $215,787 | $9,693 | $248,459 |
| HARRY COWART | PHARMACIST IN CHARGE | Highest Comp | 45.00 | $196,177 | $0 | $228,308 |
| JILL CLARK | HOUSE SUPERVISOR | Highest Comp | 45.00 | $122,270 | $0 | $151,792 |
| KRISTEN SANABRIA | SUPV ADMINISTRATIVE SERVICES | Highest Comp | 45.00 | $115,497 | $0 | $133,795 |
| MOSTAFA REZK MD | TTE (TO 12/31/24)/MEDICAL DIRECTOR | Director | 3.00 | $17,975 | $0 | $17,975 |
| WENDY FLETCHER-HARDEE | TRUSTEE (TO 5/17/24) | Director | 0.20 | $0 | $0 | $0 |
| BARBARA BIEHNER | VC(TO 1/16/24)/CHAIR(FR 1/17/24) | OfficerDirector | 0.50 | $0 | $0 | $0 |
| MYRA MCDUFFIE | TRUSTEE | Director | 0.20 | $0 | $0 | $0 |
| BRETT KEELER | TRUSTEE (FR 1/2/24) | Director | 0.20 | $0 | $0 | $0 |
| DENISE HOUGHTON | SEC(TO 1/16/24)/VC(FR 1/17/24) | OfficerDirector | 0.50 | $0 | $0 | $0 |
| HIRAM WILLIAMS | TRUSTEE/TREASURER(FR 1/17/24) | OfficerDirector | 0.50 | $0 | $0 | $0 |
| JACQUELINE NEWTON | TRUSTEE (FR 1/2/24) | Director | 0.20 | $0 | $0 | $0 |
| LYNWOOD MEADOWS | TREASURER (TO 1/16/24) | OfficerDirector | 0.50 | $0 | $0 | $0 |
| TERRI KING | TRUSTEE (FR 1/2/24) | Director | 0.20 | $0 | $0 | $0 |
| TIMOTHY BAKER | TRUSTEE/SECRETARY (FR 1/17/24) | OfficerDirector | 0.50 | $0 | $0 | $0 |
| WILLIE ARMSTRONG | TRUSTEE (TO 12/31/24) | Director | 0.20 | $0 | $0 | $0 |
Compensation Breakdown
Schedule J detail — base, bonus, benefits, and executive perks
GEOFFREY GARDNER
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Executive Perks
ALICE POPE
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Executive Perks
RUTH GLASER
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Executive Perks
PAUL WHITE
Base Salary
$265,279
Bonus
$5,141
Other Reportable
$1,256
Retirement/Deferred
$16,190
Nontaxable Benefits
$34,115
Executive Perks
REBECCA BATES
Base Salary
$196,828
Bonus
$18,959
Other Reportable
—
Retirement/Deferred
$11,818
Nontaxable Benefits
$10,171
Executive Perks
HARRY COWART
Base Salary
$190,134
Bonus
$3,664
Other Reportable
$2,379
Retirement/Deferred
$9,579
Nontaxable Benefits
$22,552
Executive Perks
JILL CLARK
Base Salary
$121,022
Bonus
$966
Other Reportable
$282
Retirement/Deferred
$7,150
Nontaxable Benefits
$22,372
Executive Perks
Top Contractors(Tax Year 2024)
5 records
Pender Memorial Hospital Incorporated reported 5 contractors receiving over $100,000, with total contractor payments of $4.7M.
| Name | Service | Compensation |
|---|---|---|
| RODGERS BUILDERS INC | CONSTRUCTION SERVICES | $3,333,915 |
| PAVION CORP | CONSULTING SERVICES | $627,151 |
| VANTAGE SURGICAL SOLUTIONS | MEDICAL SERVICES | $303,923 |
| DPS TELECOM SERVICES | REMOTE MONITORING SERVICES | $240,535 |
| ECEP II PA | MEDICAL SERVICES | $222,470 |
Governance & Compliance(Tax Year 2024)
Pender Memorial Hospital Incorporated has 4 of 6 recommended governance policies in place, including conflict of interest, whistleblower, document retention. Its board has 10 members, 9 of whom are independent.
Pender Memorial Hospital Incorporated's financial statements are audited, an audit committee oversees the process, the organization is subject to a federal grant audit (Single Audit).
Policies & Oversight
Audit & Financial Oversight
Supplemental Financial Data(Tax Year 2024)
The endowment stands at $38K, with $38K in new contributions.
Filing History(Tax Years 1965–2024)
5 records
Showing the 5 Form 990 filings currently in our system.
| Tax Year | Form | Period | Revenue | Expenses | Net Assets |
|---|---|---|---|---|---|
| 2024 | 990 | 2024-01-01 – 2024-12-31 | $38.7M | $40.3M | $27.8M |
| 2023 | 990 | 2023-01-01 – 2023-12-31 | $35.1M | $36.7M | $29.3M |
| 2022 | 990 | 2022-01-01 – 2022-12-31 | $34.4M | $37.5M | $29.4M |
| 2021 | 990 | 2021-10-01 – 2021-12-31 | $13.2M | $12.7M | $25.0M |
| 2020 | 990 | 2020-10-01 – 2021-09-30 | $37.6M | $34.1M | $24.7M |
| 1965–2019 | No filings acquired yet | ||||
Frequently Asked Questions
What does Pender Memorial Hospital Incorporated do?
SEE SCHEDULE O
How much revenue does Pender Memorial Hospital Incorporated have?
Pender Memorial Hospital Incorporated reported $38,727,518 in total revenue for tax year 2024, up 10.3% from the prior year.
Who is the highest-paid executive at Pender Memorial Hospital Incorporated?
GEOFFREY GARDNER, CFO (TO 4/28/24), received $1,299,330 in total compensation as of tax year 2024.
Is Pender Memorial Hospital Incorporated a 501(c)(3)?
Yes, Pender Memorial Hospital Incorporated is classified as a 501(c)(3) tax-exempt organization.
Where is Pender Memorial Hospital Incorporated located?
Pender Memorial Hospital Incorporated is headquartered in Burgaw, NC 28425.
How many employees does Pender Memorial Hospital Incorporated have?
Pender Memorial Hospital Incorporated has 265 employees and 46 volunteers as of tax year 2024.
What type of nonprofit is Pender Memorial Hospital Incorporated?
Pender Memorial Hospital Incorporated is classified under NTEE code E22 (General Hospitals), within the Healthcare category. It is a 501(c)(3) tax-exempt organization.
Is Pender Memorial Hospital Incorporated audited?
Yes, Pender Memorial Hospital Incorporated's financial statements are audited, and the organization has an audit committee.
Data Source
IRS Form 990 electronic filings via the IRS Exempt Organizations Business Master File. All financial figures are as reported in USD.
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