Civic Intelligence

Rex Hospital Inc.

990 • Fiscal year 2017 • EIN 56-1509260

Jul 01, 2016 to Jun 30, 2017 • Filed on May 15, 2018

4420 Lake Boone TrailRaleigh, NC 27607

(919) 784-3100

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

71st percentile

0.52x

Higher debt load relative to assets than 71% of similar nonprofits.

2017 filings • 501(c)3 • $1B+ nonprofits • Source year 2017

Liabilities / Revenue

31st percentile

0.49x

Higher debt load relative to revenue than 31% of similar nonprofits.

2017 filings • 501(c)3 • $1B+ nonprofits • Source year 2017

Net Margin

50th percentile

6.8%

Higher net margin than 50% of similar nonprofits.

2017 filings • 501(c)3 • $1B+ nonprofits • Source year 2017

Top Officer Pay

69th percentile

$2,571,139

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 0.2% of source-year revenue.

2017 filings • 501(c)3 • $1B+ nonprofits • Source year 2017

Asset Growth

56th percentile

8.8%

Faster asset growth than 56% of similar nonprofits.

2017 filings • 501(c)3 • $1B+ nonprofits • Annualized from 2016 to 2017

Revenue Growth

17th percentile

1.0%

Faster revenue growth than 17% of similar nonprofits.

2017 filings • 501(c)3 • $1B+ nonprofits • Annualized from 2016 to 2017

Assets

Up

$1,011,503,690

Up $82,036,998 (+8.8%) from 2016

Net Assets

Up

$486,826,860

Up $82,111,861 (+20%) from 2016

Liabilities

Down

$524,676,830

Down $74,863 (-0.0%) from 2016

Revenue

Up

$1,075,211,905

Up $10,864,138 (+1.0%) from 2016

Expenses

Up

$1,001,871,357

Up $62,360,416 (+6.6%) from 2016

Net Income

Down

$73,340,548

Down $51,496,278 (-41%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0B$1.5B$1.0B$500M$0Assets 2011: $635,551,442Liabilities 2011: $229,349,688Net Assets 2011: $406,201,7542011Assets 2012: $671,610,346Liabilities 2012: $220,279,220Net Assets 2012: $451,331,1262012Assets 2013: $707,307,283Liabilities 2013: $231,549,288Net Assets 2013: $475,757,9952013Assets 2014: $754,621,461Liabilities 2014: $294,541,771Net Assets 2014: $460,079,6902014Assets 2015: $835,747,955Liabilities 2015: $537,080,157Net Assets 2015: $298,667,7982015Assets 2016: $929,466,692Liabilities 2016: $524,751,693Net Assets 2016: $404,714,9992016Assets 2017: $1,011,503,690Liabilities 2017: $524,676,830Net Assets 2017: $486,826,8602017Assets 2018: $1,054,404,277Liabilities 2018: $505,392,389Net Assets 2018: $549,011,8882018Assets 2019: $1,268,499,027Liabilities 2019: $485,022,859Net Assets 2019: $783,476,1682019Assets 2020: $1,590,769,743Liabilities 2020: $817,804,406Net Assets 2020: $772,965,3372020Assets 2021: $1,727,377,750Liabilities 2021: $835,640,002Net Assets 2021: $891,737,7482021Assets 2022: $1,799,963,409Liabilities 2022: $853,409,629Net Assets 2022: $946,553,7802022Assets 2023: $1,816,056,463Liabilities 2023: $870,955,650Net Assets 2023: $945,100,8132023Assets 2024: $1,830,481,772Liabilities 2024: $797,880,047Net Assets 2024: $1,032,601,7252024

Highlighted filing

2017

Assets$1,011,503,690
Liabilities$524,676,830
Net Assets$486,826,860

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0B$1.5B$1.0B$500M$0-$500MExpenses 2011: $556,542,0852011Expenses 2012: $613,008,0212012Revenue 2013: $701,055,581Expenses 2013: $693,800,442Net Income 2013: $7,255,1392013Revenue 2014: $724,448,477Expenses 2014: $698,524,482Net Income 2014: $25,923,9952014Revenue 2015: $868,538,269Expenses 2015: $762,372,032Net Income 2015: $106,166,2372015Revenue 2016: $1,064,347,767Expenses 2016: $939,510,941Net Income 2016: $124,836,8262016Revenue 2017: $1,075,211,905Expenses 2017: $1,001,871,357Net Income 2017: $73,340,5482017Revenue 2018: $1,148,341,423Expenses 2018: $1,108,784,467Net Income 2018: $39,556,9562018Revenue 2019: $1,388,381,272Expenses 2019: $1,172,899,779Net Income 2019: $215,481,4932019Revenue 2020: $1,237,265,028Expenses 2020: $1,254,241,329Net Income 2020: -$16,976,3012020Revenue 2021: $1,331,770,076Expenses 2021: $1,328,672,174Net Income 2021: $3,097,9022021Revenue 2022: $1,491,892,041Expenses 2022: $1,461,761,703Net Income 2022: $30,130,3382022Revenue 2023: $1,623,067,183Expenses 2023: $1,623,015,427Net Income 2023: $51,7562023Revenue 2024: $1,733,107,391Expenses 2024: $1,722,487,808Net Income 2024: $10,619,5832024

Highlighted filing

2017

Revenue$1,075,211,905
Expenses$1,001,871,357
Net Income$73,340,548
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 15, 2018
Return Version
2016v3.0
Gross Receipts
$1,750,563,874
Mission and Program Overview

Mission

Unc rex healthcare has become the preferred choice for health services among patients in wake county and beyond by combining compassionate care and leading-edge technology. Unc rex healthcare provides services at facilities and clinics across wake county to all patients, regardless of their ability to pay. Unc rex healthcare also seeks to improve the health of the community by providing education, diagnostic and preventative care, often by joining forces with other community groups. In addition to its main raleigh campus, unc rex healthcare offers much-needed care and support at campuses in apex, cary, garner, holly springs, knightdale, downtown raleigh and wakefield.

To provide the best in health services through compassionate care and leading-edge technology.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$369,616,579$422,059,746▲ $52,443,167
Investments in Publicly Traded Securities$254,570,720$278,379,105▲ $23,808,385
Accounts Receivable$116,946,132$141,037,339▲ $24,091,207
Prepaid Expenses and Deferred Charges$32,884,632$43,305,505▲ $10,420,873
Savings and Temporary Cash Investments$30,453,969$30,468,878▲ $14,909
Cash and Non-Interest-Bearing Accounts$57,092,540$26,279,184▼ $30,813,356
Investments Other Securities$18,763,500$24,761,097▲ $5,997,597
Inventories for Sale or Use$17,225,654$19,460,573▲ $2,234,919
Total Assets$929,466,692$1,011,503,690▲ $82,036,998
Other Assets Total$31,912,966$25,752,263▼ $6,160,703
Liabilities
Tax Exempt Bond Liabilities$252,507,516$247,081,712▼ $5,425,804
Accounts Payable and Accrued Expenses$145,940,653$143,497,078▼ $2,443,575
Other Liabilities$125,883,507$133,352,845▲ $7,469,338
Deferred Revenue$405,419$727,015▲ $321,596
Escrow Account Liability$14,598$18,180▲ $3,582
Total Liabilities$524,751,693$524,676,830▼ $74,863
Net Assets / Fund Balance
Unrestricted Net Assets$297,882,177$403,240,787▲ $105,358,610
Temporarily Rstr Net Assets$106,832,822$83,586,073▼ $23,246,749
Total Net Assets Fund Balance$404,714,999$486,826,860▲ $82,111,861
Total Liabilities and Net Assets / Fund Balance$929,466,692$1,011,503,690▲ $82,036,998

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$79,333,657$325,467,165$404,800,822
Buildings$236,069,124$113,175,145$349,244,269
Other Land Buildings$68,426,959$74,089,296$142,516,255
Land$25,788,330-$25,788,330
Leasehold Improvements$12,441,676$9,238,071$21,679,747
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ravish SacharPhysicianFT$1,431,261$76,304$1,507,565
Eric JanisPhysicianFT$1,412,770$94,206$1,506,976
Matthew HookPhysicianFT$1,388,715$68,510$1,457,225
Mateen AkhtarPhysicianFT$1,252,660$90,502$1,343,162
Joel SchneiderPhysicianFT$1,249,286$51,486$1,300,772
Stephen W BurrissPresidentFT$451,286$286,135$737,421
Sean T Tehrani MdVP/regional Hospitalists ServicesFT$450,172$175,426$625,598
Susan M SandbergCOOFT$306,738$228,836$535,574
Linda H Butler MdVP/medical Affairs, CMO & CmioFT$279,161$148,869$428,030
Sylvia D HackettVP/rex Healthcare FoundationFT$270,435$144,888$415,323
Donald R Esposito JrVP/general Counsel & SecretaryFT$272,593$139,529$412,122
Jayne R ByrdVP/surgical ServicesFT$206,318$174,828$381,146
Robert D RickerVP/physician ServicesFT$231,487$132,706$364,193
Tom G WilliamsVP/ambulatory ServicesFT$203,627$99,516$303,143
Chad T LefterisVP/operationsFT$204,237$95,898$300,135
Lisa R SchillerVP/mktg, Pr, Comm Relations & Govt AffairsFT$252,326$46,272$298,598
Lisa R SchillerVP/mktg, Pr, Comm Relations & Govt a-$201,399$97,199$298,598
Joel D RayVP/patient Care Services & CNOFT$224,482$71,610$296,092
Kristen RiggsVPFT$200,725$73,811$274,536
Jeff S LegayAsst Treasurer & Asst Secretary (as of 9/1/2016)-$233,341$16,167$249,508
Jeff S LegayAsst Treasurer & Asst Secretary (as-$195,829$53,679$249,508
Andrew K ZukowskiCFO & Treasurer (as of 8/22/2016)FT$104,534$63,219$167,753
Rig S Patel MdDirector/hospitalistFT$71,010-$71,010

Board Members and Trustees

NameTitle
Robert S ThomasDirector/chairman
C Howard NyeDirector/vice Chairman
Ann S Collins MdDirector
Bobby T ParkerDirector
Catharine B ArrowoodDirector
Courtney a CrowderDirector
Peter D HansDirector
Steven C LillyDirector
Teresa C ArtisDirector
William L Roper MdDirector
Gary L ParkCEO
Tammie T StantonVP/post Acute Services

Highest Paid Contractors

ContractorServicesLocationCompensation
Skanska USA Building INCConstruction4309 EMPEROR BLVD STE 200, Durham, NC 27703$44,459,290
Presidio Networked SolutionIt Consulting5337 MILLENIA LAKES BLVD STE 300, Orlando, FL 32839$3,785,443
Mayo Medical LaboratoriesLab Services200 SW 1ST STREET, Rochester, MN 55095$1,969,102
Quality Textile Services INCLinen Services313 S ROGERS LANE, Raleigh, NC 27610$1,965,036
Whr Architects INCArchtectural Design1111 LOUISIANA 26TH FLOOR, Houston, TX 77002$1,696,538
Revenue and Support

Revenue Composition

Contributions and Grants
$3,402,553
Program Service Revenue
$1,052,634,825
Investment Income
$18,148,396
Other Revenue
$1,026,131
Change in Net Assets
$73,340,548
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$539,284,556
Salaries, Compensation, and Employee Benefits$461,400,667
Grants and Similar Amounts Paid$1,186,134
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$341,440,719$35,217,548-$376,658,267
Fees for Services Other$31,223,621$3,088,050-$34,311,671
Depreciation Depletion$27,912,310$2,760,558-$30,672,868
Other Employee Benefits$26,178,209$3,308,397-$29,486,606
Payroll Taxes$22,893,464$3,121,836-$26,015,300
Occupancy$23,246,757$2,299,130-$25,545,887
Pension Plan Contributions$21,946,654$1,138,077-$23,084,731
Payments to Affiliates$22,335,083--$22,335,083
Other Expenses$18,280,188$1,807,931-$20,088,119
Office Expenses$7,607,213$752,362-$8,359,575
Information Technology$6,021,209$595,504-$6,616,713
Insurance$5,647,135$558,508-$6,205,643
Current Officers, Directors, Trustees, and Key Employees-$6,155,763-$6,155,763
All Other Expenses$5,257,022$519,925-$5,776,947
Interest$4,954,913$490,046-$5,444,959
Advertising$3,196,325$316,120-$3,512,445
Travel$1,572,828$155,554-$1,728,382
Fees for Services Legal-$1,279,564-$1,279,564
Grants to Domestic Orgs$1,186,134--$1,186,134
Fees for Service Investment Mgmnt Fees-$824,863-$824,863
Fees for Services Accounting-$110,648-$110,648
Conferences and Meetings-$77,177-$77,177
Total Functional Expenses$828,690,545$173,180,812$0$1,001,871,357
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Greater Raleigh ChamberRaleigh, NC501(c)(6)General Support$108,317
United Way of the Greater TriangleRaleigh, NC501(c)(3)General Support$86,756
North Carolina SymphonyRaleigh, NC501(c)(3)General Support$75,000
InteractRaleigh, NC501(c)(3)General Support$60,000
American Heart AssociationRaleigh, NC501(c)(3)General Support/education Support$53,500
Cary Chamber of CommerceCary, NC501(c)(3)General Support$26,379
Alice Aycock Poe Center for Health EducationRaleigh, NC501(c)(3)General Support$25,500
Leukemia & Lymphoma SocietyCary, NC501(c)(3)General Support$25,000
Urban Ministries of Wake CountyRaleigh, NC501(c)(3)General Support$25,000
Wake Education PartnershipRaleigh, NC501(c)(3)General Support$20,000
THE YOUNG MEN'S CHRISTIAN ASSOCIATIONRaleigh, NC501(c)(3)General Support$15,000
Transitions LifecareRaleigh, NC501(c)(3)General Support$15,000
Uso of North CarolinaMorrisville, NC501(c)(3)General Support$14,000
Susan G Komen Nc TriangleMorrisville, NC501(c)(3)General Support$12,500
Holly Springs Chamber of CommerceHolly Springs, NC501(c)(6)General Support$11,550
Band TogetherRaleigh, NC501(c)(3)General Support$11,000
Alliance Medical MinistryRaleigh, NC501(c)(3)General Support$10,800
Morrisville Chamber of CommerceMorrisville, NC501(c)(6)General Support$10,464
Blue Ridge Alliance CorridorRaleigh, NC501(c)(3)General Support$10,000
Get Your Rear in GearEdina, MN501(c)(3)General Support$10,000
Innovate RaleighRaleigh, NC501(c)(3)General Support$10,000
March of DimesRaleigh, NC501(c)(3)General Support$10,000
Raleigh Civic VenturesRaleigh, NC501(c)(3)General Support$10,000
Zero the End Prostate CancerAlexandria, VA501(c)(3)General Support$10,000
Wake Forest Area Chamber of CommerceWake Forest, NC501(c)(6)General Support$8,025
Holt Brothers FoundationRaleigh, NC501(c)(3)General Support$7,500
Rex Healthcare FoundationRaleigh, NC501(c)(3)General Support$7,500
Downtown Raleigh AllianceRaleigh, NC501(c)(6)General Support$6,575
Lung Cancer Initiative of NcRaleigh, NC501(c)(3)General Support$6,550
Food Bank Central & Eastern NcRaleigh, NC501(c)(3)General Support$6,246
Shaw UniveristyRaleigh, NC501(c)(3)General Support$6,000
Knightdale Chamber of CommerceKnightdale, NC501(c)(6)General Support$5,599
Alzheimers North Carolina IncRaleigh, NC501(c)(3)General Support$5,000
Foundation of HopeRaleigh, NC501(c)(3)General Support$5,000
Grab My WheelRaleigh, NC501(c)(3)General Support$5,000
Junior League of Raleigh IncRaleigh, NC501(c)(3)General Support$5,000
Kay Yow Cancer FoundationRaleigh, NC501(c)(3)General Support$5,000
Nami Wake CountyRaleigh, NC501(c)(3)General Support$5,000
Nc MedassistCharlotte, NC501(c)(3)General Support$5,000
Nc Prevention PartnersChapel Hill, NC501(c)(3)General Support$5,000
The First Tee of the TriangleRaleigh, NC501(c)(3)General Support$5,000
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
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Pension Liability$123,179,785
Payable to Related Party$9,778,747
Capital Lease$394,313

Bond Issues

BondIssuerIssuedIssue PricePurpose
BNorth Carolina Medical Care Commission2015-05-21$150,167,728SEE PART VI
ANorth Carolina Medical Care Commission2010-10-26$127,456,150SEE PART VI

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
B$150,167,728--$1,051,300
A$127,456,150$76,034,727$28,190,000$1,628,054

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
Yes
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
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 family members
No
Business relationship with organization members
No
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
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The organization's sole member is rex healthcare, inc.

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

The university of north carolina health care system appoints all of the thirteen seats on the organization's board of trustees.

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

The organization's board requires prior approval of the university of north carolina health care system for certain powers, including but not limited to addition or deletion of a health care service, participation, directly or indirectly, in a joint venture, indebtedness and capital budgets, operating budgets and non-budgeted material expenditures.

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

The organization's executive team discusses and reviews the form 990 and all associated schedules throughout the information gathering stage. The form 990 and associated schedules are then reviewed and approved by the board as a whole. A copy of the approved form 990 along with the associated schedules is provided to all board members prior to filing.

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

The organization regularly and consistently monitors and enforces compliance with the conflict of interest policy by requiring all board members to annually complete and sign a questionnaire documenting any area of conflict of interest. The board members are required to report and document any new areas of conflict of interest as they arise.

Form 990, Part VI, Section B, Line 15

The organization uses an independent consultant to measure fair value of compensation for the organization's president and other top management. The organization's board reviews and approves the compensation for all officers except the assistant treasurer and assistant secretary.

Form 990, Part VI, Section C, Line 19

The organization's form 990 is available upon request and on guidestar's website and the financial statements are available on municipal securities rulemaking board's website. The organization does not make other governing documents and the conflict of interest policy available to the public.

Filing and Contact Details

Filer

Filer Name
Rex Hospital Inc
EIN
56-1509260
Phone
9197843100
Address
4420 LAKE BOONE TRAIL, RALEIGH, NC 27607
Doing Business As
See Schedule O

Signing Officer

Name
Andrew Zukowski
Title
CFO
Phone
9197843100
Signed
2018-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephen Burriss
Formed
1986
Legal Domicile
Nc
Voting Board Members
13
Independent Board Members
9
Employees
6,988
Volunteers
1,369

Preparer

Firm
Cliftonlarsonallen Llp
Address
227 WEST TRADE STREET SUITE 800, CHARLOTTE, NC 28202
Preparer
John Norman
Phone
7049985200
Supplemental Narrative

Additional Explanations

Form 990, Part I, Item C

Dba: north carolina surgery dba: rex blood plan dba: rex breast care center dba: rex cancer center dba: rex cancer specialty center dba: rex cardiac surgical specialists dba: rex comprehensive vein center dba: rex critical care transport dba: rex digestive healthcare dba: rex ear nose & throat specialists dba: rex ear nose & throat specialists at wakefield dba: rex express care of cary dba: rex express care of holly springs dba: rex express care of knightdale dba: rex express care of raleigh dba: rex express care of wakefield dba: rex family birth center dba: rex family practice of knightdale dba: rex family practice of wakefield dba: rex healthcare dba: rex healthcare of cary dba: rex healthcare of garner dba: rex healthcare of holly springs dba: rex healthcare of knightdale dba: rex healthcare of wakefield dba: rex heart center dba: rex heart failure dba: rex hematology oncology associates dba: rex home services dba: rex hospital dba: rex hospital pelvic health center dba: rex hospital transport dba: rex internal medicine of cary dba: rex laboratory services of cary dba: rex mobile mammography dba: rex neurosurgery & spine specialists dba: rex nutrition services dba: rex outreach dba: rex pain center dba: rex palliative care specialists dba: rex pediatrics of cary dba: rex pediatrics of holly springs dba: rex pharmacy of raleigh dba: rex primary care of cary dba: rex pulmonary specialists dba: rex radiology services of cary dba: rex radiology specialists dba: rex rehabilitation and nursing care center of apex dba: rex rehabilitation services of cary dba: rex same day surgery dba: rex senior health center dba: rex strategic innovations dba: rex structural heart dba: rex surgical specialists dba: rex thoracic specialists dba: rex thoracic surgical specialists dba: rex unc healthcare dba: rex vascular specialists dba: rex vascular surgical specialists dba: rex wellness center of cary dba: rex wellness center of garner dba: rex wellness center of knightdale dba: rex wellness center of wakefield dba: rex wound healing center dba: unc rex cancer center dba: unc rex critical care transport dba: unc rex healthcare dba: unc rex home services dba: unc rex hospital dba: unc rex hospital transport dba: unc rex pharmacy of raleigh dba: unc rex rehabilitation & nursing care center of apex dba: unc rex rehabilitation & nursing care center of raleigh

Form 990, Part XII, Line 2C

The process has not changed from the prior year.

Financial Statement Notes

PART IV, LINE 2B:

The organization holds cash in trust for the residents of the nursing home facilities.

PART X, LINE 2:

The following footnote comes from the consolidated financial statements of rex hospital, inc. D/b/a rex healthcare. The footnote references other members of the audit consolidated group that are not part of this tax return: rex, the hospital, the foundation, and home services are exempt from federal income tax under section 501(a) as organizations described in section 501(c)(3) of the internal revenue code. Enterprises is a taxable corporation that previously had net operating loss carryforwards which expired in 2012. Physicians is a single member limited liability company that has elected to be taxed as a for-profit corporation. Physicians had a net operating loss in 2013 and 2012. The hospital is the sole member of rov and rscw, and enterprises is the sole member of rwe, and rwe is the sole member of wellness, mob and rhvllc. As such, these entities are considered disregarded entities for tax purposes.

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IRS990/Desc0UNC REX IS THE ONLY HOSPITAL IN NORTH CAROLINA TO RECEIVE STRAIGHT "A" GRADES SINCE THE LEAPFROG GROUP BEGAN A NATIONAL HOSPITAL SAFETY SCORECARD IN 2012. IN DEC. 2017, UNC REX RECEIVED A TOP FIVE-STAR RATING FROM THE CENTERS FOR MEDICARE & MEDICAID SERVICES, ONE OF ONLY 337 HOSPITALS NATIONWIDE, AND THE ONLY HOSPITAL IN THE TRIANGLE REGION TO EARN THAT RECOGNITION.MORE THAN 10 YEARS AGO, UNC REX BECAME THE FIRST HOSPITAL IN THE TRIANGLE TO BE AWARDED MAGNET STATUS BY THE AMERICAN NURSES CREDENTIALING CENTER. IN 2015, UNC REX WAS RE-DESIGNATED MAGNET STATUS FOR THE THIRD CONSECUTIVE TIME. THE MAGNET RECOGNITION PROGRAM RECOGNIZES HEALTH CARE ORGANIZATIONS FOR EXCELLENCE IN NURSING CARE. THIS AWARD PUTS UNC REX'S NURSES IN AN ELITE GROUP OF THE TOP 2 PERCENT OF NURSES IN THE NATION.UNC REX IS ONE OF THE LARGEST EMPLOYERS IN WAKE COUNTY, WITH MORE THAN 6,400 CO-WORKERS. UNC REX IS KNOWN FOR ITS EXCELLENT BENEFITS AND IS ROUTINELY RECOGNIZED BY LOCAL AND NATIONAL PUBLICATIONS AS A "BEST PLACE TO WORK."UNC REX'S CULINARY TEAM HAS CREATED A CHEF-BASED PROGRAM THAT IS GAINING INTERNATIONAL RECOGNITION AND REINVENTING TRADITIONAL "HOSPITAL FOOD." THEY TEND AN HERB AND VEGETABLE GARDEN AT UNC REX, AND USE LOCAL AND FRESH INGREDIENTS AS MUCH AS POSSIBLE. UNC REX WAS THE FIRST HOSPITAL IN THE SOUTHEAST TO GET RID OF DEEP FRYERS AND THE CHEFS CONTINUE TO EXPLORE NEW WAYS TO COOK AND SERVE OUR CUISINE. IN MARCH 2017, THE UNC REX CHEFS OPENED A NEW MEDITERREAN-THEMED, HEART HEALTHY RESTAURANT CALLED KARDIA IN THE NEW NORTH CAROLINA HEART & VASCULAR HOSPITAL. IN ADDITION, THE CHEFS BEGAN OFFERING CLASSES ON HEALTHY COOKING AND EATING TO PATIENTS, THEIR FAMILIES AND MEMBERS OF THE COMMUNITY IN A NEW DEMONSTRATION KITCHEN. UNC REX PERFORMS THOUSANDS OF HEART AND VASCULAR PROCEDURES A YEAR, INCLUDING CORONARY ARTERY BYPASS GRAFTING, ENDOVASCULAR AAA REPAIR, ECHOCARDIOGRAPHY, PERIPHERAL VASCULAR ULTRASOUND, VALVE REPLACEMENT AND REPAIR, ANGIOPLASTY, CARDIAC CATHETERIZATION, MINIMALLY INVASIVE STRUCTURAL HEART PROCEDURES, INVASIVE PERIPHERAL VASCULAR INTERVENTIONS, INCLUDING CRITICAL LIMB ISCHEMIA PROCEDURES, ELECTROPHYSIOLOGY PROCEDURES AND STENT PLACEMENT, REGARDLESS OF PATIENTS' ABILITY TO PAY. UNC REX HAS BEEN A CHEST PAIN ACCREDITED HOSPITAL FOR MORE THAN A DECADE, REINFORCING THE ORGANIZATION'S DEDICATION TO COMMUNITY OUTREACH AND INNOVATION IN THE CARE OF CHEST PAIN PATIENTS. THE SERVICE LINE ALSO INCLUDES OPEN HEART SURGICAL SUITES WHERE PHYSICIANS PERFORM PROCEDURES SUCH AS CORONARY ARTERY BYPASS GRAFTING, MITRAL VALVE REPLACEMENT AND REPAIR, AND AORTIC VALVE AND AORTIC ARCH REPLACEMENTS. UNC REX ALSO PROVIDES A FULL RANGE OF INVASIVE CATHETER BASED CARDIAC, VASCULAR AND ELECTROPHYSIOLOGY PROCEDURES. ALL OF THE EXISTING HEART AND VASCULAR SERVICES AND CARE, WHICH WERE PROVIDED AT MORE THAN SEVEN LOCATIONS ACROSS THE MAIN HOSPITAL IN RALEIGH, WERE CONSOLIDATED INTO A MODERN, MORE EFFICIENT AND MORE CONVENIENT FACILITY WITH THE MARCH 2017 OPENING OF THE NORTH CAROLINA HEART AND VASCULAR HOSPITAL ON UNC REX'S MAIN RALEIGH CAMPUS. THIS EIGHT-STORY, 306,000-SQUARE-FOOT HOSPITAL PROVIDES EASIER AND MORE COMFORTABLE ACCESS FOR PATIENTS AND THEIR FAMILIES, PHYSICIANS AND STAFF, IN A FACILITY THAT'S DESIGNED TO PROMOTE HEALING, PREVENTION, EDUCATION, INNOVATION AND WELLNESS. FURTHERMORE, OUR CARDIAC AND PULMONARY REHAB OFFERINGS HAVE GROWN BY 35 PERCENT AND ALL CLASSES ARE FULL. OUR CHEFS AND DIETITIANS STARTED COMMUNITY HEALTHY COOKING DEMONSTRATIONS IN THE FALL OF 2017, AND HAVE HOSTED HUNDREDS OF PARTICIPANTS, INCLUDING PATIENTS AND THEIR FAMILIES.UNC REX SURGERY CENTERS IN RALEIGH, CARY AND WAKEFIELD WERE USED BY HUNDREDS OF PHYSICIANS TO PROVIDE THOUSANDS OF IN- AND OUT-PATIENT SURGERIES AND PROCEDURES IN FY17. THE THREE LOCATIONS HAVE IMPROVED ACCESS TO SPECIALIZED CARE FOR PATIENTS ACROSS THE REGION. SURGEONS MAKE SUBSTANTIAL USE OF MINIMALLY INVASIVE TECHNOLOGY AND INNOVATION FOR DIAGNOSIS AND TREATMENT, REDUCING PATIENTS' RECOVERY TIME
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt9934489
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt112030958
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt24310308
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt260
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt270
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt280
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt290
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt300
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt310
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt320
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR/VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR/HOSPITALIST
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR/CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt11CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt12PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt13COO
IRS990/Form990PartVIISectionAGrp/TitleTxt14CFO & TREASURER (AS OF 8/22/2016)
IRS990/Form990PartVIISectionAGrp/TitleTxt15VP/MEDICAL AFFAIRS, CMO & CMIO
IRS990/Form990PartVIISectionAGrp/TitleTxt16VP/SURGICAL SERVICES
IRS990/Form990PartVIISectionAGrp/TitleTxt17VP/GENERAL COUNSEL & SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt18VP/REX HEALTHCARE FOUNDATION
IRS990/Form990PartVIISectionAGrp/TitleTxt19VP/OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt20VP/PATIENT CARE SERVICES & CNO
IRS990/Form990PartVIISectionAGrp/TitleTxt21VP/PHYSICIAN SERVICES
IRS990/Form990PartVIISectionAGrp/TitleTxt22VP
IRS990/Form990PartVIISectionAGrp/TitleTxt23VP/MKTG, PR, COMM RELATIONS & GOVT AFFAIRS
IRS990/Form990PartVIISectionAGrp/TitleTxt24VP/POST ACUTE SERVICES
IRS990/Form990PartVIISectionAGrp/TitleTxt25VP/REGIONAL HOSPITALISTS SERVICES
IRS990/Form990PartVIISectionAGrp/TitleTxt26VP/AMBULATORY SERVICES
IRS990/Form990PartVIISectionAGrp/TitleTxt27ASST TREASURER & ASST SECRETARY (AS OF 9/1/2016)
IRS990/Form990PartVIISectionAGrp/TitleTxt28PHYSICIAN
IRS990/Form990PartVIISectionAGrp/TitleTxt29PHYSICIAN
IRS990/Form990PartVIISectionAGrp/TitleTxt30PHYSICIAN
IRS990/Form990PartVIISectionAGrp/TitleTxt31PHYSICIAN
IRS990/Form990PartVIISectionAGrp/TitleTxt32PHYSICIAN
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01986
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1,830$798$1,033$1,733$1,722$10.6
2023Detailed filing. Detailed filing data is available for this year.$1,816$871$945$1,623$1,623$0.05
2022Detailed filing. Detailed filing data is available for this year.$1,800$853$947$1,492$1,462$30.1
2021Detailed filing. Detailed filing data is available for this year.$1,727$836$892$1,332$1,329$3.10
2020Detailed filing. Detailed filing data is available for this year.$1,591$818$773$1,237$1,254$17.0
2019Detailed filing. Detailed filing data is available for this year.$1,268$485$783$1,388$1,173$215
2018Detailed filing. Detailed filing data is available for this year.$1,054$505$549$1,148$1,109$39.6
2017Detailed filing. Detailed filing data is available for this year.$1,012$525$487$1,075$1,002$73.3
2016Detailed filing. Detailed filing data is available for this year.$929$525$405$1,064$940$125
2015Detailed filing. Detailed filing data is available for this year.$836$537$299$869$762$106
2014Detailed filing. Detailed filing data is available for this year.$755$295$460$724$699$25.9
2013Summary only. Only limited summary data is available for this year.$707$232$476$701$694$7.26
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$672$220$451$613
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$636$229$406$557
Peer Organizations

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