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Virginia · Nonprofit

CARILION FRANKLIN MEMORIAL HOSPITAL

CARILION FRANKLIN MEMORIAL HOSPITAL (Virginia) receives grants from 1 organization whose IRS filings report $18,855 to it, the largest being VIRGINIA HOSPITAL RESEARCH AND EDUCATION FOUNDATION ($18,855). 1 of them have funded it in more than one year.

Revenue FY2025
$115M
Funders on record
1
Grants received
$19k
Net assets
$46M
1/1 repeat funderspeak grant-dependency 0%
01What it does

What Carilion Franklin Memorial Hospital does

Mission

Our mission is to improve the health of the communities we serve through our commitment to a common purpose of better patient care, better community health, and lower cost.

As stated on its FY2025 Form 990.

Program

  1. Carilion Franklin Memorial Hospital (cfmh), part of carilion clinic, is a not-for-profit healthcare organization committed to improving health outcomes for every patient while advancing the quality of care in the community it serves. Located in rocky mount, va, this 37-bed hospital offers a wide range of medical and surgical services, including convenient outpatient and emergency department services. Carilion Franklin Memorial Hospital exists to serve the health care needs of its community, regardless of a patient's ability to pay. The hospital admitted 2,131 patients and provided 7,595 days of care during the year. Hospital programs include the provision of nursing care, extensive outpatient and inpatient surgical and endoscopic services, and diagnostic imaging services including ct, mri, mammography and nuclear medicine. Cfmh provides several services targeting the specific health needs of its population, including diabetes management, home health and hospice, physical, speech, and occupational therapy programs, plastics & reconstructive surgery, ent, and cardiac and respiratory rehab. A desk area at the hospital's medical office building is staffed by volunteers who welcome…

    $70,210,835 spentof which $115,217 as grants$112,478,811 earned by the program
    100% of program spending

The program described on its FY2024 Form 990. Program spending in total: $70,210,835.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($44M) Expenses 100 ($44M) Net assets -3168 ($-5138290)2018 Revenue 110 ($49M) Expenses 107 ($47M) Net assets 100 ($162k)2019 Revenue 119 ($53M) Expenses 109 ($48M) Net assets -2346 ($-3805246)2020 Revenue 121 ($53M) Expenses 111 ($49M) Net assets -95 ($-154418)2021 Revenue 140 ($62M) Expenses 129 ($56M) Net assets 6601 ($11M)2022 Revenue 159 ($70M) Expenses 153 ($67M) Net assets 14820 ($24M)2023 Revenue 187 ($82M) Expenses 166 ($73M) Net assets 20925 ($34M)2024 Revenue 220 ($97M) Expenses 184 ($80M) Net assets 22430 ($36M)2025 Revenue 261 ($115M) Expenses 201 ($88M) Net assets 28128 ($46M)
'17'18'19'20'21'22'23'24'25
Revenue (261)Expenses (201)Net assets (28128)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2024 to 2025, from $56M to $65M (+16%).

$19M
$21M
$28M
$34M
$41M
$46M
$53M
$56M
$65M
'17'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2017 0% · 2020 2% · 2021 1% · 2022 4% · 2023 0%. Grants only. Government contracts and fees sit inside program revenue.

1% of CARILION FRANKLIN MEMORIAL HOSPITAL’s revenue is contributions — more donation-reliant than the typical peer (1% for the typical peer).

This organization
Typical peer · 2,211 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 9 reported years ran a deficit.

$353k
’17
$1.8M
’18
$5.0M
’19
$4.8M
’20
$5.5M
’21
$3.2M
’22
$9.7M
’23
$17M
’24
$27M
’25
0.0
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Steven Arner

Director/CEO-carilion clinic

Board chair

William Kingery Jr

Director / chair

As listed on its FY2025 Form 990.

2017201820242025
Listed23242221
Joined·+3·+2
No longer listed·2·3
03Who funds it

Who funds it, year by year

Grant support over time, funder by funder — shade shows the grant size each year.

Funder
'21
'25*
total
funders
1
1

Left out of every figure on this page: $1.2M from 2 payers (the payer shares this organization's board, largest Carilion Clinic Foundation). These are real filings, and they are not money CARILION FRANKLIN MEMORIAL HOSPITAL raised.

From the IRS filings of CARILION FRANKLIN MEMORIAL HOSPITAL’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

100% of CARILION FRANKLIN MEMORIAL HOSPITAL's grant income comes from Virginia funders.

VA

Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

CARILION FRANKLIN MEMORIAL HOSPITAL runs a healthier operating margin than three-quarters of the 1,241 health nonprofits its size.

Operating margin23% · top quartile
Months of reserve0.0mo · bottom quartile
Revenue growth (annualized)13% · top quartile

this organization peer median middle 50% of peers· 1,241 health nonprofits over $100M, FY2025

Organizations like CARILION FRANKLIN MEMORIAL HOSPITAL

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Virginia

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

80% of spending goes to programs.

Program 80%Management 20%Fundraising 0%

Governance

11
board members
55%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Footprint & structure

Files a return copy in 1 state

VA

Part of a family of 31 related entities

  • Carilion Clinic · exempt
  • Carilion Clinic Foundation · exempt
  • Carilion Giles Community Hospital · exempt
  • Carilion Medical Center · exempt
  • Carilion New River Valley Medical Center · exempt

Screen this organization

A dated, signed PDF of the compliance screen for CARILION FRANKLIN MEMORIAL HOSPITAL: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds CARILION FRANKLIN MEMORIAL HOSPITAL?
CARILION FRANKLIN MEMORIAL HOSPITAL (Virginia) receives grants from 1 organization whose IRS filings report $18,855 to it, the largest being VIRGINIA HOSPITAL RESEARCH AND EDUCATION FOUNDATION ($18,855). 1 of them have funded it in more than one year.
How many funders does CARILION FRANKLIN MEMORIAL HOSPITAL have?
IRS filings report 1 organization giving $18,855 in grants to CARILION FRANKLIN MEMORIAL HOSPITAL, 1 of which have funded it in more than one year.
Who is the largest funder of CARILION FRANKLIN MEMORIAL HOSPITAL?
VIRGINIA HOSPITAL RESEARCH AND EDUCATION FOUNDATION is the largest funder on record, with $18,855 in grants. The full list of funders is on this page.
How can an organization like CARILION FRANKLIN MEMORIAL HOSPITAL find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Virginia. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 1 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing