2025-03-25T14:04:19+00:00 2024-06-30 440160260 Forvis Mazars LLP 500 Ridgefield Court Asheville NC 28806 990 2023-07-01 561455630 CAROMONT HEALTH SERVICES CARO 7048342000 2525 Court Drive PO Box 1747 Gastonia NC 280531747 David O'Connor EVP, CFO 7048342000 2025-03-25 true true Amy Bibby P00445891 8282542254 2025-03-21 2023 2025-03-06 01:10:19Z David O'Connor 2525 Court Drive PO Box 1747 Gastonia NC 280531747 21809834 false X WWW.CAROMONT.ORG X 1984 NC TO PROVIDE COMPASSIONATE, EXCEPTIONAL AND HIGHLY RELIABLE CARE. 3 2 192 0 0 0 0 0 19863320 21808724 4 0 1649 1110 19864973 21809834 0 0 0 0 10227454 10442580 0 0 0 7125227 7886634 17352681 18329214 2512292 3480620 8619956 8770818 997655 700882 7622301 8069936 TO PROVIDE COMPASSIONATE, EXCEPTIONAL AND HIGHLY RELIABLE CARE. false false 17313264 21808724 CaroMont Health is a not-for-profit health system headquartered in Gastonia, NC that provides inpatient and outpatient medical services within five counties and two states. Anchored by the 476-bed, acute care hospital, CaroMont Regional Medical Center, the health system employs nearly 4,500 healthcare professionals with a medical staff membership of more than 450. CaroMont Health Services owns and operates CaroMont Specialty Surgery, Courtland Terrace and CaroMont Endoscopy Center. CaroMont Specialty Surgery is a free-standing ambulatory surgery center on the campus of CaroMont Regional Medical Center, which performs ophthalmology, ENT, cosmetic and orthopedic surgical procedures. In fiscal year 2024, the center performed approximately 4,394 surgical procedures. Courtland Terrace is a skilled nursing facility licensed for 77 skilled nursing beds and 19 assisted living beds. Skilled nursing services provided at Courtland Terrace include short-term rehabilitation, Alzheimer's' special care and long-term care. In fiscal year 2024, the nursing home provided care to an average of 84 patients each day. CaroMont Endoscopy Center is a free-standing outpatient endoscopy center, located in Belmont and opened in 2012. CaroMont Endoscopy Center provides outpatient endoscopic procedures for upper endoscopy and screening colonoscopy. In fiscal year 2024, the center performed 6,729 procedures. 17313264 true false false false false false false false false true false false false true true false true false false false false false false false false false false false true false false false false false false false false false false false false false true false false false true X 20 0 true 192 true false false false false false false false false false false false false X 3 2 false false false false true true true true true false false true true true true true true true true false X CAROMONT HEALTH SERVICES 7048342000 2525 Court Drive Gastonia NC 28054 Rev Dr Pearl Burris-Floyd Chair 1.0 1.0 X X 0 122443 0 Ms Annette Carter Director 1.0 1.0 X 0 0 0 Rev Dr Benjamin Hinton Director 1.0 1.0 X 0 0 0 Mr David O'Connor EVP/CFO/Asst. Treasurer 1.0 54.0 X 0 956025 184000 Mr K Christopher Peek CEO 1.0 54.0 X 0 1764966 309455 Ms Leigh Hickman CLO/Asst. Sec. 1.0 54.0 X 0 564906 110160 Ms Aimee Callahan LPN 40.0 X 119945 0 18584 Ms Melva Ramirez Cna II Courtland 40.0 X 176309 0 24376 296254 3408340 646575 2 false true false SHC Services Inc PO Box 677896 Dallas TX 75267 Temp Personnel 341562 1 0 Outpatient Services 621400 21070837 21070837 Program Service Investments 900099 737887 737887 0 0 0 0 21808724 0 0 0 0 0 0 Cafeteria 900099 1108 1108 Miscellaneous Revenue 900099 2 2 0 0 0 0 1110 21809834 21808724 0 1110 8282760 7563938 718822 279953 255657 24296 1305000 1191745 113255 574867 524977 49890 1651762 1624686 27076 0 114969 97435 17534 479739 479495 244 32962 29268 3694 915 915 946 946 1001859 1001859 59087 12784 46303 Medical Supplies 3752580 3752580 Bad Debt 621464 621464 Equipment Rental & Maintenance 137374 136034 1340 Miscellaneous 23985 12350 11635 8992 8992 0 0 18329214 17313264 1015950 0 5095 6752 791475 1163134 0 0 210226 217095 29917766 22618482 7551046 7299284 0 0 62114 84553 8619956 8770818 998031 700882 0 -376 0 997655 700882 X 7622301 8069936 7622301 8069936 8619956 8770818 X 3480620 -3032985 X false true X true false X 19092395 13774737 5317658 2095965 1104627 991338 8451612 7483195 968417 277794 255923 21871 7299284 ESTIMATED 3RD PARTY SETTLEMENTS 0 X 18153037 0 0 18153037 3656797 3656797 21809834 17705402 0 0 17705402 623812 623812 18329214 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The System is a not-for-profit corporation as described in Section 501(c)(3) of the Internal Revenue Code and is exempt from federal income taxes on related income pursuant to Section 501(a) of the Code. The System has determined that it does not have any unrecognized tax benefits or obligations as of June 30, 2024 and 2023. Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Equity Transfer - 3032985 Bad Debt Expense - 613535 Grants in Revenue - 10277 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Bad Debt Expense - 613535 Grants in Revenue - 10277 false true false false false true true false false Mr K Christopher Peek CEO 0 1025632 0 515175 0 224159 0 284284 0 25171 0 2074421 0 188258 Mr David O'Connor EVP/CFO/Asst. Treasurer 0 602432 0 243238 0 110355 0 159219 0 24781 0 1140025 0 95362 Ms Leigh Hickman CLO/Asst. Sec. 0 376380 0 127220 0 61306 0 93072 0 17088 0 675066 0 47249 Ms Melva Ramirez Cna II Courtland 175187 0 1122 0 0 0 12889 0 11487 0 200685 0 0 0 Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation COMPENSATION PAID TO CEO OF CAROMONT HEALTH, INC. WAS PAID BY GASTON MEMORIAL HOSPITAL, INC D/B/A CAROMONT REGIONAL MEDICAL CENTER, A RELATED ORGANIZATION. CAROMONT REGIONAL MEDICAL CENTER UTILIZED THE FOLLOWING METHODS TO DETERMINE APPROPRIATE COMPENSATION FOR CEO THAT HAD INFLUENCE OVER THE ORGANIZATION'S ACTIVITIES: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - WRITTEN EMPLOYMENT CONTRACTS - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan The following individuals received deferred compensation allocations by related organization CaroMont Regional Medical Center from a Supplemental Executive Retirement Plan (SERP): DAVID O'CONNOR - $ 116,019 K. CHRISTOPHER PEEK - $ 241,084 Leigh Hickman - $ 57,768 Schedule J, Part I, Line 6a Compensation contingent on net earnings of the organization THE Executive Incentive Compensation Plan for all key employees IS based on the achievement of annual Business Objectives which include a financial goal attributable to operating margin. THE Manager Incentive Plan IS based on consolidated corporate and individual performance goals. Schedule J, Part I, Line 6b Compensation contingent on net earnings of a related organization THE Executive Incentive Compensation Plan for all key employees IS based on the achievement of annual Business Objectives which include a financial goal attributable to operating margin. THE Manager Incentive Plan IS based on consolidated corporate and individual performance goals. FORM 990, PART V AND PART VII THE FILING ORGANIZATION USES A RELATED ORGANIZATION FOR ITS PAYROLL FUNCTION. ALL W-2S ARE FILED BY THE COMMON PAYMASTER. HOWEVER, AMOUNTS PAID BY THE COMMON PAYMASTER ARE TREATED AS IF PAID DIRECTLY BY CAROMONT HEALTH SERVICES 56-1455630 THE ORGANIZATION FOR WHICH SERVICES ARE PERFORMED. Form 990, Part VI, Line 18 THE ORGANIZATION'S FORM 990 IS MADE AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990, Part VI, Line 6 Classes of members or stockholders The sole member of the Corporation is CaroMont Health, Inc., a North Carolina not-for-profit corporation. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body The Board of Directors consists of three (3) members all of whom are appointed by CaroMont Health, Inc. and at least two (2) of whom must also be members of the Board of Directors of CaroMont Health. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders The following powers of the Corporation shall be reserved to CaroMont Health, Inc., the parent corporation and holding company of the Corporation: (a) Financial powers, including the power to approve an operating budget for the Corporation, power to approve compensation plans, and power to assume debt on behalf of the Corporation; (b) Governing powers, including the power to approve all changes to the governing documents of the Corporation and power to approve the mission, vision and values of the Corporation; and (c) Strategic powers, including the power to approve all Certificate of Need applications which the Corporation may file in any state, and the power to approve all sale or lease transactions of the Corporation. In addition, decisions of the governing body including the election and removal of members of the Board of Directors must be approved by the Corporation's sole member, CaroMont Health, Inc. Form 990, Part VI, Line 11b Review of form 990 by governing body The organization's Form 990 was reviewed by the Audit Finance Investment committee of the Board of Directors of CaroMont Health prior to presentation to the full Board before the Form was filed with the IRS. Form 990, Part VI, Line 12c Conflict of interest policy MEMBERS OF THE BOARD OF DIRECTORS, MEMBERS OF SENIOR LEADERSHIP, ANY PHYSICIAN HOLDING A LEADERSHIP OR ADMINISTRATIVE POSITION WITHIN THE ORGANIZATION, DIRECTORS, RESEARCH STUDY PERSONNEL, MANAGERS AND ALL STAFF MEMBERS OF THE PURCHASING AND MARKETING DEPARTMENTS AND ANY OTHER DEPARTMENT DEEMED TO HAVE MATERIAL DECISION MAKING RESPONSIBILITIES ON BEHALF OF CAROMONT HEALTH SHALL FULLY AND TRUTHFULLY COMPLETE A QUESTIONNAIRE CONCERNING POTENTIAL AND ACTUAL CONFLICTS OF INTEREST ANNUALLY. SUCH QUESTIONNAIRE SHALL IDENTIFY THE INDIVIDUAL'S OBLIGATION TO IMMEDIATELY MAKE THE CORPORATE COMPLIANCE OFFICER AWARE IN WRITING OF ANY POTENTIAL OR ACTUAL CONFLICTS OF INTEREST AS THEY MAY ARISE AND CONTAIN SAID INDIVIDUAL'S AGREEMENT TO ABIDE BY ALL TERMS AND CONDITIONS OF THIS POLICY AS A CONDITION OF RETAINING THEIR POSITION. SUCH QUESTIONNAIRES ARE REVIEWED ANNUALLY BY THE CHIEF LEGAL OFFICER AND THE CORPORATE COMPLIANCE OFFICER. QUESTIONNAIRES SUBMITTED BY DIRECTORS ARE REVIEWED ANNUALLY BY THE NOMINATING COMMITTEE OF THE BOARD. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE CEO, CFO, COO, CPE AND CHIEF LEGAL OFFICER ARE COMPENSATED FOR THEIR SERVICES BY CAROMONT REGIONAL MEDICAL CENTER, A SUBSIDIARY OF CAROMONT HEALTH, INC AND RELATED ORGANIZATION OF CAROMONT HEALTH SERVICES. THE COMPENSATION OF ALL CAROMONT EXECUTIVES FOR EACH YEAR IS ESTABLISHED BY THE COMPENSATION COMMITTEE OF THE CAROMONT HEALTH BOARD OF DIRECTORS, BASED ON GUIDANCE AND OPINIONS PROVIDED BY AN INDEPENDENT, THIRD-PARTY COMPENSATION CONSULTANT. PURSUANT TO THE COMMITTEE CHARTER FOR THE COMPENSATION COMMITTEE OF THE BOARD, THE BOARD OF DIRECTORS OF THE SUPPORTING ORGANIZATION APPROVES THE EXECUTIVE COMPENSATION PHILOSOPHY, WHICH ESTABLISHES THE PARAMETERS FOR ALL EXECUTIVE COMPENSATION DECISIONS. THE BOARD OF DIRECTORS OF THE SUPPORTING ORGANIZATION DELEGATES ALL COMPENSATION DECISIONS FOR ALL EXECUTIVES TO THE COMPENSATION COMMITTEE, PROVIDED SUCH DECISIONS ARE CONSISTENT WITH THE COMPENSATION PHILOSOPHY. BOARD APPROVAL MUST BE OBTAINED WHEN COMPENSATION DECISIONS DEVIATE FROM THE COMPENSATION PHILOSOPHY. A majority of the board members who serve on the compensation committee are independent and all are free from any conflict of interest. ANY COMPENSATION COMMITTEE MEMBER WHO DEVELOPS A CONFLICT OF INTEREST DURING HIS/HER TERM WITH RESPECT TO THE DISCUSSION OF ANY EXECUTIVE'S COMPENSATION DOES NOT PARTICIPATE IN THE DISCUSSION OR DECISION-MAKING BY THE REMAINING MEMBERS OF THE COMPENSATION COMMITTEE. THE COMPENSATION COMMITTEE RETAINS JURISDICTION OVER THE TOTAL COMPENSATION PACKAGE FOR EXECUTIVES AND REVIEWS EXECUTIVE BENEFITS AND PERQUISITES AS WELL AS TOTAL CASH COMPENSATION. COMPENSATION FOR THE CEO IS ESTABLISHED THROUGH A PROCESS OF PERFORMANCE EVALUATION, COMPARISON WITH COMPARABLE MARKET DATA AND DETERMINATION BY THE COMPENSATION COMMITTEE OF ACCEPTABLE SALARY RANGE AND PERCENTILE RANKING. ALL COMPENSATION DECISIONS FOR THE CEO ARE APPROVED BY THE COMPENSATION COMMITTEE, AS LONG AS THE COMPENSATION DECISIONS ARE CONSISTENT WITH THE EXECUTIVE COMPENSATION PHILOSOPHY. THE PROCESS FOR DETERMINING COMPENSATION FOR EXECUTIVE MANAGEMENT, UTILIZES COMPENSATION SURVEYS AND STUDIES. FULL COLLECTED COMPENSATION INFORMATION AND ANY COMPENSATION OPINIONS PROVIDED DURING THESE PROCESSES WILL BE KEPT WITH THE COMPENSATION COMMITTEE OR BOARD MINUTES, AS APPLICABLE. Form 990, Part VI, Line 15b Process to establish compensation of other employees THE CEO, CFO, COO, CPE AND CHIEF LEGAL OFFICER ARE COMPENSATED FOR THEIR SERVICES BY CAROMONT REGIONAL MEDICAL CENTER, A SUBSIDIARY OF CAROMONT HEALTH, INC AND RELATED ORGANIZATION OF CAROMONT HEALTH SERVICES. THE COMPENSATION OF ALL CAROMONT EXECUTIVES FOR EACH YEAR IS ESTABLISHED BY THE COMPENSATION COMMITTEE OF THE CAROMONT HEALTH BOARD OF DIRECTORS, BASED ON GUIDANCE AND OPINIONS PROVIDED BY AN INDEPENDENT, THIRD-PARTY COMPENSATION CONSULTANT. PURSUANT TO THE COMMITTEE CHARTER FOR THE COMPENSATION COMMITTEE OF THE BOARD, THE BOARD OF DIRECTORS OF THE SUPPORTING ORGANIZATION APPROVES THE EXECUTIVE COMPENSATION PHILOSOPHY, WHICH ESTABLISHES THE PARAMETERS FOR ALL EXECUTIVE COMPENSATION DECISIONS. THE BOARD OF DIRECTORS OF THE SUPPORTING ORGANIZATION DELEGATES ALL COMPENSATION DECISIONS FOR ALL EXECUTIVES TO THE COMPENSATION COMMITTEE, PROVIDED SUCH DECISIONS ARE CONSISTENT WITH THE COMPENSATION PHILOSOPHY. BOARD APPROVAL MUST BE OBTAINED WHEN COMPENSATION DECISIONS DEVIATE FROM THE COMPENSATION PHILOSOPHY. A majority of the board members who serve on the compensation committee are independent and all are free from any conflict of interest. ANY COMPENSATION COMMITTEE MEMBER WHO DEVELOPS A CONFLICT OF INTEREST DURING HIS/HER TERM WITH RESPECT TO THE DISCUSSION OF ANY EXECUTIVE'S COMPENSATION DOES NOT PARTICIPATE IN THE DISCUSSION OR DECISION-MAKING BY THE REMAINING MEMBERS OF THE COMPENSATION COMMITTEE. THE COMPENSATION COMMITTEE RETAINS JURISDICTION OVER THE TOTAL COMPENSATION PACKAGE FOR EXECUTIVES AND REVIEWS EXECUTIVE BENEFITS AND PERQUISITES AS WELL AS TOTAL CASH COMPENSATION. COMPENSATION FOR THE CEO IS ESTABLISHED THROUGH A PROCESS OF PERFORMANCE EVALUATION, COMPARISON WITH COMPARABLE MARKET DATA AND DETERMINATION BY THE COMPENSATION COMMITTEE OF ACCEPTABLE SALARY RANGE AND PERCENTILE RANKING. ALL COMPENSATION DECISIONS FOR THE CEO ARE APPROVED BY THE COMPENSATION COMMITTEE, AS LONG AS THE COMPENSATION DECISIONS ARE CONSISTENT WITH THE EXECUTIVE COMPENSATION PHILOSOPHY. THE PROCESS FOR DETERMINING COMPENSATION FOR EXECUTIVE MANAGEMENT, UTILIZES COMPENSATION SURVEYS AND STUDIES. FULL COLLECTED COMPENSATION INFORMATION AND ANY COMPENSATION OPINIONS PROVIDED DURING THESE PROCESSES WILL BE KEPT WITH THE COMPENSATION COMMITTEE OR BOARD MINUTES, AS APPLICABLE. Form 990, Part VI, Line 19 Required documents available to the public At this time, the organization's governing documents and conflict of interest policy are not made available to the public. The entire organization's combined financial statements are made available upon request. Form 990, Part XI, Line 9 Other changes in net assets or fund balances Equity Transfer from Affiliate - -3032985; Form 990, Part XII, Line 2c THIS PROCESS HAS NOT CHANGED FROM PRIOR YEARS. Caromont Health Inc 2525 Court Drive Gastonia NC 28054 581636959 Medical Services NC 501(c)(3) Type II NA false Gaston Memorial Hospital Foundation Inc 2527 Court Dr Gastonia NC 28054 561479699 Foundation NC 501(c)(3) 7 Caromont Health Inc false Caromont Medical Group Inc 2528 Court Dr Gastonia NC 28054 561479712 Medical Group NC 501(c)(3) 10 Caromont Health Inc false Hospice of Gaston County 2529 Court Dr Gastonia NC 28054 581341530 Hospice Care NC 501(c)(3) 7 Caromont Health Inc false Gaston Memorial Hospital Inc 2530 Court Dr Gastonia NC 28054 560619359 Hospital NC 501(c)(3) 3 Caromont Health Inc false Gaston County PO Box 1578 Gastonia NC 280531578 566000300 Government Administration NC 501(c)(1) NA false false false false false false false false false false false true false false true true true true true true