Civic Intelligence

Goshen Medical Center Inc

EIN 56-1209062 • 501(c)3 • Faison, NC

View Organization Page

Profile

To provide access to affordable health care for all people in eastern north carolina.

PO Box 187Faison, NC 28341-0187

www.goshenmedical.org

Siviq Scores

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

Liabilities / Assets

21st percentile

0.07x

Higher debt load relative to assets than 21% of similar nonprofits.

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

Liabilities / Revenue

22nd percentile

0.10x

Higher debt load relative to revenue than 22% of similar nonprofits.

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

Net Margin

60th percentile

4.0%

Higher net margin than 60% of similar nonprofits.

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

Top Officer Pay

34th percentile

$702,210

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

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

Asset Growth

44th percentile

3.7%

Faster asset growth than 44% of similar nonprofits.

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

Revenue Growth

72nd percentile

17%

Faster revenue growth than 72% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets21st percentile

Assets

Up

$89,153,270

Up $3,219,069 (+3.7%) from 2023

Liabilities

Up

$6,630,732

Up $232,615 (+3.6%) from 2023

Net Assets

Up

$82,522,538

Up $2,986,454 (+3.8%) from 2023

Operations
Liabilities / Revenue22nd percentileNet Margin60th percentile

Revenue

Up

$65,983,201

Up $9,601,406 (+17%) from 2023

Expenses

Up

$63,319,483

Up $13,398,557 (+27%) from 2023

Net Income

Down

$2,663,718

Down $3,797,151 (-59%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth44th percentile

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

$100M$50M$0Assets 2010: $15,844,710Liabilities 2010: $3,432,081Net Assets 2010: $12,412,6292010Assets 2011: $15,131,791Liabilities 2011: $3,189,639Net Assets 2011: $11,942,1522011Assets 2012: $16,713,317Liabilities 2012: $3,166,459Net Assets 2012: $13,546,8582012Assets 2013: $18,997,166Liabilities 2013: $2,753,520Net Assets 2013: $16,243,6462013Assets 2014: $24,178,396Liabilities 2014: $3,799,495Net Assets 2014: $20,378,9012014Assets 2015: $22,771,447Liabilities 2015: $2,992,479Net Assets 2015: $19,778,9682015Assets 2016: $23,834,492Liabilities 2016: $3,455,273Net Assets 2016: $20,379,2192016Assets 2017: $28,000,644Liabilities 2017: $7,328,166Net Assets 2017: $20,672,4782017Assets 2018: $27,277,673Liabilities 2018: $6,987,941Net Assets 2018: $20,289,7322018Assets 2019: $28,502,028Liabilities 2019: $6,789,362Net Assets 2019: $21,712,6662019Assets 2020: $42,237,358Liabilities 2020: $8,268,726Net Assets 2020: $33,968,6322020Assets 2021: $62,171,087Liabilities 2021: $6,934,977Net Assets 2021: $55,236,1102021Assets 2022: $79,862,475Liabilities 2022: $8,690,236Net Assets 2022: $71,172,2392022Assets 2023: $85,934,201Liabilities 2023: $6,398,117Net Assets 2023: $79,536,0842023Assets 2024: $89,153,270Liabilities 2024: $6,630,732Net Assets 2024: $82,522,5382024

Highlighted filing

2024

Assets$89,153,270
Liabilities$6,630,732
Net Assets$82,522,538
Open 2024 Filing

Operations Trend

Revenue Growth72nd percentile

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

$80M$60M$40M$20M$0-$20MExpenses 2010: $19,031,5302010Expenses 2011: $19,149,3582011Revenue 2012: $19,946,122Expenses 2012: $18,341,416Net Income 2012: $1,604,7062012Revenue 2013: $21,841,087Expenses 2013: $19,144,299Net Income 2013: $2,696,7882013Revenue 2014: $25,439,335Expenses 2014: $21,304,080Net Income 2014: $4,135,2552014Revenue 2015: $24,258,881Expenses 2015: $24,858,814Net Income 2015: -$599,9332015Revenue 2016: $26,728,610Expenses 2016: $26,128,359Net Income 2016: $600,2512016Revenue 2017: $29,355,364Expenses 2017: $29,062,105Net Income 2017: $293,2592017Revenue 2018: $32,138,257Expenses 2018: $32,521,003Net Income 2018: -$382,7462018Revenue 2019: $33,571,987Expenses 2019: $32,146,341Net Income 2019: $1,425,6462019Revenue 2020: $56,212,509Expenses 2020: $43,956,543Net Income 2020: $12,255,9662020Revenue 2021: $66,151,688Expenses 2021: $44,972,210Net Income 2021: $21,179,4782021Revenue 2022: $60,939,655Expenses 2022: $45,003,526Net Income 2022: $15,936,1292022Revenue 2023: $56,381,795Expenses 2023: $49,920,926Net Income 2023: $6,460,8692023Revenue 2024: $65,983,201Expenses 2024: $63,319,483Net Income 2024: $2,663,7182024

Highlighted filing

2024

Revenue$65,983,201
Expenses$63,319,483
Net Income$2,663,718
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$89,153,270
Liabilities
$6,630,732
Net assets
$82,522,538
Revenue
$65,983,201
Expenses
$63,319,483
Net income
$2,663,718
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$89.2$6.63$82.5$66.0$63.3$2.66
2023Detailed filing. Detailed filing data is available for this year.$85.9$6.40$79.5$56.4$49.9$6.46
2022Detailed filing. Detailed filing data is available for this year.$79.9$8.69$71.2$60.9$45.0$15.9
2021Detailed filing. Detailed filing data is available for this year.$62.2$6.93$55.2$66.2$45.0$21.2
2020Detailed filing. Detailed filing data is available for this year.$42.2$8.27$34.0$56.2$44.0$12.3
2019Detailed filing. Detailed filing data is available for this year.$28.5$6.79$21.7$33.6$32.1$1.43
2018Detailed filing. Detailed filing data is available for this year.$27.3$6.99$20.3$32.1$32.5$0.38
2017Detailed filing. Detailed filing data is available for this year.$28.0$7.33$20.7$29.4$29.1$0.29
2016Detailed filing. Detailed filing data is available for this year.$23.8$3.46$20.4$26.7$26.1$0.60
2015Detailed filing. Detailed filing data is available for this year.$22.8$2.99$19.8$24.3$24.9$0.60
2014Detailed filing. Detailed filing data is available for this year.$24.2$3.80$20.4$25.4$21.3$4.14
2013Detailed filing. Detailed filing data is available for this year.$19.0$2.75$16.2$21.8$19.1$2.70
2012Summary only. Only limited summary data is available for this year.$16.7$3.17$13.5$19.9$18.3$1.60
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.1$3.19$11.9$19.1
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.8$3.43$12.4$19.0
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 5, 2025
Return Version
2024v5.0
Gross Receipts
$65,983,201
Mission and Program Overview

Mission

To provide access to affordable health care for all people in eastern north carolina.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$30,966,342$37,919,115▲ $6,952,773
Savings and Temporary Cash Investments$27,216,185$21,509,106▼ $5,707,079
Investments Other Securities$18,989,852$20,165,007▲ $1,175,155
Accounts Receivable$2,726,298$5,843,588▲ $3,117,290
Inventories for Sale or Use$673,513$1,189,859▲ $516,346
Cash and Non-Interest-Bearing Accounts$1,529,765$1,089,933▼ $439,832
Pledges and Grants Receivable$1,051,983$415,835▼ $636,148
Intangible Assets$709,247$346,780▼ $362,467
Prepaid Expenses and Deferred Charges$194,182$33,917▼ $160,265
Total Assets$85,934,201$89,153,270▲ $3,219,069
Other Assets Total$1,876,834$640,130▼ $1,236,704
Liabilities
Accounts Payable and Accrued Expenses$3,265,253$3,773,397▲ $508,144
Mortgage Notes Payable Secured by Investment Property$1,170,901$1,492,126▲ $321,225
Other Liabilities$1,067,810$915,209▼ $152,601
Deferred Revenue$894,153$450,000▼ $444,153
Total Liabilities$6,398,117$6,630,732▲ $232,615
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$79,536,084$82,522,538▲ $2,986,454
Total Net Assets Fund Balance$79,536,084$82,522,538▲ $2,986,454
Total Liabilities and Net Assets / Fund Balance$85,934,201$89,153,270▲ $3,219,069

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,229,283$8,010,673$11,239,956
Land$6,288,505-$6,288,505
Other Land Buildings$130,326$379,633$509,959
Leasehold Improvements$105,583$213,073$318,656
Other Securities$201,729--
Compensation and Service Providers
Top Officer Pay34th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gregory M BoundsCEOFT$581,750$120,460$702,210
Rhonda BarwickDeputy Chief-$264,517$41,018$305,535
Rhonda BarwickDeputy Chief Exec of-$234,382$71,153$305,535
Carle Pate JrMedical Dire-$251,463$40,066$291,529
Carle Pate JrMedical Director-$224,443$67,086$291,529
Franquil DiazDental Direc-$203,693$27,760$231,453
Franquil DiazDental Director-$194,693$36,760$231,453
David ParkerPhysician-$138,306$80,447$218,753
Maria AlvarezPhysician-$160,622$38,665$199,287

Board Members and Trustees

NameTitle
Chester AycockBd Chairman
Mattie AtkinsonVice Chair
Edith De SosaMember
Emma BrinsonMember
Melba HarrellMember
Sybil MerkinsonMember
Tanty FreemanMember
Patricia DavisSecretary
James RoaTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Naia CorporationIt Service13565 NC HIGHWAY 55 W, 13565 NC HIGHWAY 55 W, Dover, NC 28526$2,106,850
Managing Care SolutionsConsulting1000 CENTRE GREENWAY, STE 270, Cary, NC 27513-2283$980,580
Practice Mgt Support Services INCMedical Billing300 N MARTINGALE RD STE 150, 300 N MARTINGALE RD STE 150, Schaumburg, IL 60173$951,333
Scribe EmrScribe Services500 W CUMMINGS PARK, STE 2700, Woburn, MA 01801$814,818
South Carolina Telecommunications GrData & InternetPO BOX 631140, PO BOX 631140, Cincinnati, OH 45263-1140$444,331
Revenue and Support

Revenue Composition

Contributions and Grants
$14,782,680
Program Service Revenue
$45,351,064
Investment Income
$1,793,733
Other Revenue
$4,055,724
Change in Net Assets
$2,663,718

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 Amount
Drugs and Medical Supplies1$586,592
Total Noncash Contributions1$586,592

Audited Revenue Reconciliation

Revenue per Audited Statements
$65,983,201
Total Revenue per Audited Statements
$65,983,201
Total Revenue per Form 990
$65,983,201
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$37,136,683
Salaries, Compensation, and Employee Benefits$26,182,800
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$14,478,982$3,918,135-$18,397,117
Fees for Services Other$3,464,269$3,051,740-$6,516,009
Other Employee Benefits$3,998,680$933,189-$4,931,869
Occupancy$3,550,746$483,165-$4,033,911
Depreciation Depletion$1,456,315$879,044-$2,335,359
Office Expenses$1,319,042$756,200-$2,075,242
Payroll Taxes$1,068,197$308,159-$1,376,356
Pension Plan Contributions$563,264$211,984-$775,248
Current Officers, Directors, Trustees, and Key Employees-$702,210-$702,210
Fees for Services Legal-$419,607-$419,607
Insurance$2,693$285,077-$287,770
Travel$143,189$103,634-$246,823
Advertising$12,312$153,334-$165,646
Other Expenses$107,077--$107,077
Conferences and Meetings$21,594$63,815-$85,409
Interest$44,441--$44,441
Fees for Services Accounting-$22,495-$22,495
All Other Expenses$-253$9,301-$9,048
Total Functional Expenses$51,018,394$12,301,089$0$63,319,483

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$63,319,483
Total Expenses per Audited Statements$63,319,483
Total Expenses per Form 990$63,319,483
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Top Hat 457b Plan$822,247
Lease Liability$92,962
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
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 4

“The organization has adopted new by-laws and modified the articles of incorporation. The new organization documents are attached.”

Form 990, Page 6, Part VI, Line 11B

“The board of directors are presented a copy of the form 990 for their review at the monthly board meeting before being filed.”

Form 990, Page 6, Part VI, Line 12C

“The board member shall announce such possible conflict of interest as noted in the organization's bylaws article 8. Conflict of interest is discussed at board meetings when one expresses their opinion or if voting is to occur.”

Form 990, Page 6, Part VI, Line 15A

“Annually the board of directors approves the ceo's payrate and any bonuses by analyzing the performance of the center and the performance of the ceo's duties listed in his job description; as reflected in such outcomes and measures as the annual audits, monthly financial reports, growth in assets, growth in fulfillment of the mission, expansion of the mission through new services and new sites, growth in budget and operational responsibilities, public relation activities and compliance with hrsa program requirements. The board also reviews the nachc health center salary and benefits survey that lists national data on salaries stratified by the size of the health center budgets. The ceo determines the pay rate for top management and key employees of the organization through annual performance reviews of personal development plans, goal accomplishments, and review of the salary and benefit survey.”

Form 990, Page 6, Part VI, Line 15B

“Other officers and employees pay rates are set by the ceo and reviewed by human resources and an executive. Bonus compensation is calculated on salary, tenure, production, and individual rates from an approved funding by the board of directors. The chief medical officer receives an annual raise and semi-annual bonus comparable to the ceo's percent approved by the board of directors.”

Form 990, Page 6, Part VI, Line 19

“These documents are available for inspection in the corporate offices upon request of the ceo.”

Filing and Contact Details

Filer

Filer Name
Goshen Medical Center Inc
EIN
56-1209062
Phone
9102671942
Address
PO BOX 187, FAISON, NC 28341-0187

Signing Officer

Name
Gregory M Bounds
Title
CEO
Phone
9102678692
Signed
2025-11-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chester Aycock
Formed
1979
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
9
Employees
600
Volunteers
9

Preparer

Firm
Nunn Brashear & Uzzell Pa
Address
PO BOX 10127, GOLDSBORO, NC 27532
Preparer
Harold D Brashear CPA
Phone
9197781000
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

“The board of directors of goshen medical center, inc. Serve on a volunteer basis and are not paid for their services.”

Form 990, Part IX, Line 11G

“Medical-consultants/contracts 2,675,975 0 0 admin-consultants/contracts 0 2,814,248 0 facility-consultants/contract 408,024 0 0 community-consultant/contract 1,292 0 0 medical-fees 6,447 0 0 admin-fees 0 261,554 0 facility-fees 16,234 0 0 community-fees 1,426 0 0 medical-recruitment 118 0 0 admin-recruitment 0 2,500 0 medical-referrals 359,251 0 0 admin-referrals 0 -26,562 0 community-referrals -4,498 0 0 total 3,464,269 3,051,740 0”

Raw XML AppendixShowing 400 of 612 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.

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