North Carolina · Nonprofit
WRMC HOSPITAL OPERATING CORPORATION
WRMC HOSPITAL OPERATING CORPORATION (North Carolina) receives grants from 4 organizations whose IRS filings report $2,242,460 to it, the largest being ELMER S LOWE & CHRISTINE LOWE MEM TR ($972,612). 2 of them have funded it in more than one year.
- Revenue FY2024
- $156M
- Funders on record
- 4
- Grants received
- $2.2M
- Net assets
- $92M
What Wrmc Hospital Operating Corporation does
Mission
To improve health, elevate hope, and advance healing for all.
As stated on its FY2024 Form 990.
Program
The organization operates a 130 acute care bed hospital, including a 10-bed skilled nursing unit, providing medical, emergency, and outpatient care services to the residents of alleghany, alexander, ashe, caldwell, iredell, surry, watauga, and wilkes counties. The organization serves as a satellite provider of atrium health wake forest baptist (ahwfb) specialty services at its north wilkesboro campus, including cardiology, imaging, ent, gastroenterology, nephrology, neurology, ob/gyn, ophthalmology, pathology, pediatrics, orthopedics, and urology. The organization is accredited by the joint commission on accreditation of healthcare organizations and has been committed to serving the healthcare needs of wilkes county since 1952. During calendar year 2024, the hospital facility had approximately 16,800 patient days, including approximately 4,300 admissions, and approximately 30,300 emergency department visits. The organization provides numerous resources, activities, and programs to serve the health needs of its community. These programs include: -faithhealthnc - an initiative that connects the caring strengths of congregations, the clinical expertise of providers, and a network of…
$131,881,747 spentof which $3,961 as grants$154,738,111 earned by the program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $131,881,747.
The organization over time
Each line starts at 100 in 2019, so what you read is the shape rather than the size: 150 means half as much again as 2019, 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.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $126M to $136M (+8%).
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.
Government-grant reliance: 2020 12% · 2021 9% · 2022 1%. Grants only. Government contracts and fees sit inside program revenue.
0% of WRMC HOSPITAL OPERATING CORPORATION’s revenue is contributions — about as donation-reliant as the typical peer (1% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 6 reported years ran a deficit.
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.
Board chair
Chad Brown
Chair & president
As listed on its FY2024 Form 990.
Who funds it, year by year
2018 → 2023: the base held at 1 funder, grant income fell $122k → $118k.
Left out of every figure on this page: $30k from 2 payers (the payer shares this organization's board, largest North Carolina Baptist Hospital Foundation). These are real filings, and they are not money WRMC HOSPITAL OPERATING CORPORATION raised.
From the IRS filings of WRMC HOSPITAL OPERATING CORPORATION’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.
How concentrated its funding is
WRMC HOSPITAL OPERATING CORPORATION leans on a few funders — its largest provides 43% of grant income and the top three 100%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
Largest funder’s share by year: 2018 100% · 2019 86% · 2020 92% · 2021 74% · 2022 100% · 2023 100% — broadly stable.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. 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 WRMC HOSPITAL OPERATING CORPORATION's grant income comes from North Carolina funders.
In-state vs out-of-state, by year
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.
Against its field
WRMC HOSPITAL OPERATING CORPORATION runs a healthier operating margin than three-quarters of the 2,075 health nonprofits its size.
this organization peer median middle 50% of peers· 2,075 health nonprofits over $100M, FY2024
Organizations like WRMC HOSPITAL OPERATING CORPORATION
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 North Carolina
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
94% of spending goes to programs.
Governance
Footprint & structure
Part of a family of 12 related entities
- Wake Forest University Baptist Medical Center · exempt
- Lexington Medical Center · exempt
- Lexington Medical Center Foundation · exempt
- Northwest Community Care Network · exempt
- Faithhealth Innovations Inc · exempt
Screen this organization
A dated, signed PDF of the compliance screen for WRMC HOSPITAL OPERATING CORPORATION: 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.
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 WRMC HOSPITAL OPERATING CORPORATION?
- WRMC HOSPITAL OPERATING CORPORATION (North Carolina) receives grants from 4 organizations whose IRS filings report $2,242,460 to it, the largest being ELMER S LOWE & CHRISTINE LOWE MEM TR ($972,612). 2 of them have funded it in more than one year.
- How many funders does WRMC HOSPITAL OPERATING CORPORATION have?
- IRS filings report 4 organizations giving $2,242,460 in grants to WRMC HOSPITAL OPERATING CORPORATION, 2 of which have funded it in more than one year.
- Who is the largest funder of WRMC HOSPITAL OPERATING CORPORATION?
- ELMER S LOWE & CHRISTINE LOWE MEM TR is the largest funder on record, with $972,612 in grants. The full list of funders is on this page.
- How can an organization like WRMC HOSPITAL OPERATING CORPORATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in North Carolina. 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 FY2024 (financials across 2019–2024), and the filings of 4 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