Civic Intelligence

Ashe Memorial Hospital Inc

EIN 56-0603900 • 501(c)3 • Jefferson, NC

Profile

The hospital's mission statement is to meet the needs of the community by delivering patient-centered, high quality health care.

200 Hospital AvenueJefferson, NC 28640

www.ashememorial.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

41st percentile

0.25x

Higher debt load relative to assets than 41% of similar nonprofits.

NTEE E • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

23rd percentile

0.12x

Higher debt load relative to revenue than 23% of similar nonprofits.

NTEE E • $50M-$100M nonprofits • Source year 2024

Net Margin

49th percentile

0.3%

Higher net margin than 49% of similar nonprofits.

NTEE E • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$764,769

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

NTEE E • $50M-$100M nonprofits • Source year 2024

Asset Growth

34th percentile

0.9%

Faster asset growth than 34% of similar nonprofits.

NTEE E • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

40th percentile

5.2%

Faster revenue growth than 40% of similar nonprofits.

NTEE E • $50M-$100M nonprofits • Annualized from 2023 to 2024

Assets

Up

$25,780,182

Up $222,073 (+0.9%) from 2023

Liabilities

Up

$6,395,036

Up $92,967 (+1.5%) from 2023

Net Assets

Up

$19,385,146

Up $129,106 (+0.7%) from 2023

Revenue

Up

$54,102,275

Up $2,673,089 (+5.2%) from 2023

Expenses

Up

$53,933,208

Up $5,187,033 (+11%) from 2023

Net Income

Down

$169,067

Down $2,513,944 (-94%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2010: $15,301,324Liabilities 2010: $7,191,263Net Assets 2010: $8,110,0612010Assets 2011: $18,588,566Liabilities 2011: $10,342,629Net Assets 2011: $8,245,9372011Assets 2012: $17,668,240Liabilities 2012: $10,185,242Net Assets 2012: $7,482,9982012Assets 2013: $17,339,906Liabilities 2013: $10,380,465Net Assets 2013: $6,959,4412013Assets 2014: $17,508,331Liabilities 2014: $8,917,998Net Assets 2014: $8,590,3332014Assets 2015: $16,934,129Liabilities 2015: $6,808,118Net Assets 2015: $10,126,0112015Assets 2016: $16,634,016Liabilities 2016: $6,493,154Net Assets 2016: $10,140,8622016Assets 2017: $17,298,384Liabilities 2017: $6,525,156Net Assets 2017: $10,773,2282017Assets 2018: $16,536,417Liabilities 2018: $5,747,932Net Assets 2018: $10,788,4852018Assets 2019: $16,036,495Liabilities 2019: $6,002,384Net Assets 2019: $10,034,1112019Assets 2020: $26,395,324Liabilities 2020: $16,159,590Net Assets 2020: $10,235,7342020Assets 2021: $27,570,450Liabilities 2021: $11,816,293Net Assets 2021: $15,754,1572021Assets 2022: $24,731,359Liabilities 2022: $7,606,080Net Assets 2022: $17,125,2792022Assets 2023: $25,558,109Liabilities 2023: $6,302,069Net Assets 2023: $19,256,0402023Assets 2024: $25,780,182Liabilities 2024: $6,395,036Net Assets 2024: $19,385,1462024

Highlighted filing

2024

Assets$25,780,182
Liabilities$6,395,036
Net Assets$19,385,146

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60M$40M$20M$0-$20MExpenses 2010: $31,024,1632010Revenue 2011: $32,485,588Expenses 2011: $33,122,543Net Income 2011: -$636,9552011Revenue 2012: $30,268,663Expenses 2012: $30,861,477Net Income 2012: -$592,8142012Expenses 2013: $29,059,3022013Revenue 2014: $31,903,380Expenses 2014: $30,255,487Net Income 2014: $1,647,8932014Revenue 2015: $32,637,585Expenses 2015: $31,262,809Net Income 2015: $1,374,7762015Revenue 2016: $33,629,536Expenses 2016: $32,943,179Net Income 2016: $686,3572016Revenue 2017: $35,868,644Expenses 2017: $35,489,406Net Income 2017: $379,2382017Revenue 2018: $35,886,021Expenses 2018: $35,740,899Net Income 2018: $145,1222018Revenue 2019: $38,492,619Expenses 2019: $38,861,531Net Income 2019: -$368,9122019Revenue 2020: $36,906,393Expenses 2020: $36,450,005Net Income 2020: $456,3882020Revenue 2021: $45,501,677Expenses 2021: $39,985,052Net Income 2021: $5,516,6252021Revenue 2022: $47,173,674Expenses 2022: $45,801,876Net Income 2022: $1,371,7982022Revenue 2023: $51,429,186Expenses 2023: $48,746,175Net Income 2023: $2,683,0112023Revenue 2024: $54,102,275Expenses 2024: $53,933,208Net Income 2024: $169,0672024

Highlighted filing

2024

Revenue$54,102,275
Expenses$53,933,208
Net Income$169,067

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.8$6.40$19.4$54.1$53.9$0.17
2023Summary only. Only limited summary data is available for this year.$25.6$6.30$19.3$51.4$48.7$2.68
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$24.7$7.61$17.1$47.2$45.8$1.37
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$27.6$11.8$15.8$45.5$40.0$5.52
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$26.4$16.2$10.2$36.9$36.5$0.46
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.0$6.00$10.0$38.5$38.9$0.37
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.5$5.75$10.8$35.9$35.7$0.15
2017Summary only. Only limited summary data is available for this year.$17.3$6.53$10.8$35.9$35.5$0.38
2016Summary only. Only limited summary data is available for this year.$16.6$6.49$10.1$33.6$32.9$0.69
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.9$6.81$10.1$32.6$31.3$1.37
2014Detailed filing. Detailed filing data is available for this year.$17.5$8.92$8.59$31.9$30.3$1.65
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.3$10.4$6.96$29.1
2012Summary only. Only limited summary data is available for this year.$17.7$10.2$7.48$30.3$30.9$0.59
2011Summary only. Only limited summary data is available for this year.$18.6$10.3$8.25$32.5$33.1$0.64
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.3$7.19$8.11$31.0
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 4, 2025
Return Version
2024v5.2
Gross Receipts
$54,102,275
Mission and Program Overview

Mission

The hospital's mission statement is to meet the needs of the community by delivering patient-centered, high quality health care.

Acute hospital care services provided to the residents of ashe county, nc and surrounding areas.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$9,200,703$8,080,008▼ $1,120,695
Accounts Receivable$6,494,415$7,327,832▲ $833,417
Savings and Temporary Cash Investments$0$5,827,123▲ $5,827,123
Inventories for Sale or Use$1,444,277$2,031,568▲ $587,291
Investments in Publicly Traded Securities$607,207$625,612▲ $18,405
Prepaid Expenses and Deferred Charges$746,502$514,234▼ $232,268
Cash and Non-Interest-Bearing Accounts$5,865,559$203,467▼ $5,662,092
Pledges and Grants Receivable$172,500$172,500→ $0
Total Assets$25,558,109$25,780,182▲ $222,073
Other Assets Total$1,026,946$997,838▼ $29,108
Liabilities
Accounts Payable and Accrued Expenses$3,142,966$3,365,607▲ $222,641
Other Liabilities$1,381,863$1,537,888▲ $156,025
Mortgage Notes Payable Secured by Investment Property$1,440,066$1,292,390▼ $147,676
Deferred Revenue$337,174$199,151▼ $138,023
Total Liabilities$6,302,069$6,395,036▲ $92,967
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$18,896,147$19,005,808▲ $109,661
Net Assets With Donor Restrictions$359,893$379,338▲ $19,445
Total Net Assets Fund Balance$19,256,040$19,385,146▲ $129,106
Total Liabilities and Net Assets / Fund Balance$25,558,109$25,780,182▲ $222,073

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,352,897$15,384,241$19,737,138
Equipment$3,218,464$16,474,401$19,692,865
Other Land Buildings$65,206$1,313,041$1,378,247
Leasehold Improvements$231,188$211,509$442,697
Land$212,253-$212,253
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ayla a KesslerPhysician-medical OncologistFT$730,076$34,693$764,769
Douglas R TurgeonPhysicianFT$579,759$3,773$583,532
Leah AndersonPhysicianFT$436,025$86,566$522,591
Robert S GrajewskiPhysician-urologistFT$398,661$28,565$427,226
Kateland E BennettPhysician-hospitalistFT$337,311$9,580$346,891

Board Members and Trustees

NameTitle
Jane LononChair Thru 4/24
Martin Little1st Vice Chair/chair as of 4/24
Karen Powell2nd Vice Chair/1st Vice Chair as of 4/24
Kyle HallSecretary/2nd Vice Chair as of 4/24
Cb JonesBoard Member
Charles Jones MdBoard Member
Edward Miller MdBoard Member
Eisa Cox EddBoard Member
Greg WarmuthBoard Member
Horace ThompsonBoard Member
Stephen ShoemakerBoard Member
Sue HamptonBoard Member
Will VannoyBoard Member
Brian YatesChief Executive Officer
David PriceSecretary as of 4/24
Greg BowerTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Jefferson Emergency ServicesEd ProvidersPO BOX 740666, Atlanta, GA 30374-0666$1,215,816
Medstream Anesthesia PllcAnesthesiaPO BOX 63467, Charlotte, NC 28263-3467$787,881
Medical Solutions LLCTravel Nursing/tech AgencyPO BOX 850737, Minneapolis, MN 55485-0737$337,091
Laboratory Corporation Of America LabcoLab TestingPO BOX 12140, Burlington, NC 27216-2140$261,744
Charles W Jones MdSurgeon200 HOSPITAL AVE, Jefferson, NC 28640$216,129
Revenue and Support

Revenue Composition

Contributions and Grants
$668,089
Program Service Revenue
$53,234,045
Investment Income
$15,686
Other Revenue
$184,455
All Other Contributions
$203,005
Change in Net Assets
$169,067

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Cars and Other Vehicles1$10,888Kelly Blue Book
Total Noncash Contributions1$10,888-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$28,330,980
Salaries, Compensation, and Employee Benefits$25,600,501
Total Fundraising Expense$145,838
Grants and Similar Amounts Paid$1,727
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$20,935,056$647,477-$21,582,533
Office Expenses$7,590,035$487,062$40,589$8,117,686
Fees for Services Other$5,366,646$1,122,857-$6,489,503
Other Employee Benefits$2,253,983$69,713-$2,323,696
Depreciation Depletion$1,517,680--$1,517,680
Payroll Taxes$1,401,339$43,341-$1,444,680
Insurance$485,984--$485,984
Fees for Services Management-$336,276-$336,276
Information Technology$27,615$223,431-$251,046
Pension Plan Contributions$242,104$7,488-$249,592
Occupancy$167,790--$167,790
Advertising$14,465$57,143$723$72,331
Interest$58,526--$58,526
Fees for Services Legal-$48,000-$48,000
Fees for Services Accounting-$44,982-$44,982
Other Expenses$32,021$86,518$104,526$32,021
Travel$16,927$3,716-$20,643
Grants to Domestic Individuals$1,727--$1,727
Total Functional Expenses$50,609,366$3,178,004$145,838$53,933,208
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Dr Charles JonesBoard MemberCall PayNo$216,128
Dr Charles JonesBoard MemberRent Paid for Office Space and Procedure RoomNo$166,368
Dr Charles JonesBoard MemberPayment to Ashe Memorial Hospital for MedicationsNo$10,366
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Right of Use Liabilities$1,159,097
Net Due to Medicare/medicaid$378,791
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The hospital has a management agreement with novant health. The hospital's ceo is an employee of and is compensated by novant health.

Form 990, Part VI, Section A, Line 6

The hospital is organized as a stock corporation, and shares of stock are sold to members of the community and are freely transferable, but have no capital value. Shareholders do not receive dividends.

Form 990, Part VI, Section A, Line 7A

Trustees shall be elected by the shareholders of the corporation at the annual meeting of the membership. Each selected trustee shall hold office for a term of three years and until their successor is elected and qualified.

Form 990, Part VI, Section A, Line 7B

The organization cannot sell real property without approval by the shareholders.

Form 990, Part VI, Section B, Line 11B

The return was prepared by an independent accounting firm with the assistance and oversight of management. The board is informed of the filing of the return and the 990 is made available to them for review after the return is filed.

Form 990, Part VI, Section B, Line 12C

All voting members are required to review and sign a conflict of interest survey and return to the board chairman. The survey includes a disclosure statement and a review of the policy.

Form 990, Part VI, Section B, Line 15

Novant health, which manages the hospital, and a board committee determine the compensation provided to the novant employed ceo. None of the officers of the corporation are compensated. The process described here was last completed in 2024.

Form 990, Part VI, Section C, Line 19

Photocopies of the form 990 are available upon request at the organization's administrative office. Please contact the administrative office for further details. See form 990, part vi, line 20.

Filing and Contact Details

Filer

Filer Name
Ashe Memorial Hospital Inc
EIN
56-0603900
Phone
3368467101
Address
200 HOSPITAL AVENUE, JEFFERSON, NC 28640

Signing Officer

Name
Charles Wright
Title
CFO
Phone
3368467101
Signed
2025-11-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brian Yates
Formed
1939
Legal Domicile
Nc
Voting Board Members
15
Independent Board Members
15
Employees
439
Volunteers
32

Preparer

Firm
Cliftonlarsonallen Llp
Address
227 WEST TRADE STREET SUITE 800, CHARLOTTE, NC 28202
Preparer
Katherine a Warlick
Phone
7049985200
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Other fees: program service expenses 5,366,646. Management and general expenses 1,122,857. Fundraising expenses 0. Total expenses 6,489,503.

FORM 990, PART XI, LINE 9:

Transfer from ashe memorial hospital foundation -40,084.

FORM 990, LINE XII, LINE 2C:

The process for oversight and selection of an independent accountant has not changed from the prior year.

Financial Statement Notes

PART X, LINE 2:

The hospital is a not-for-profit corporation as described in section 501(c)(3) of the internal revenue code and are exempt from federal income taxes on related income pursuant to section 501(a) of the code. Awc and afs are single member limited liability companies and are considered disregarded entities for income tax purposes. The organization follows the income tax standard regarding the recognition and measurement of uncertain tax positions, which clarifies the accounting for uncertainty in income taxes recognized in an entity's consolidated financial statements and prescribes a recognition threshold and measurement principle for the consolidated financial statements recognition and measurement of tax positions taken or expected to be taken on a tax return that are not certain to be realized. The organization has determined that it does not have any material uncertain tax positions as of december 31, 2024 and 2023.

Raw XML AppendixShowing 400 of 957 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/Form990PartVIISectionAGrp/TitleTxt16PHYSICIAN-MEDICAL ONCOLOGIST
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