Civic Intelligence

Wakemed

990 • Fiscal year 2011 • EIN 56-6017737

Oct 01, 2010 to Sep 30, 2011 • Filed on Nov 15, 2012

3000 New Bern Ave27610
Siviq Scores

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

Liabilities / Assets

58th percentile

0.48x

Higher debt load relative to assets than 58% of similar nonprofits.

2011 filings • 501(c)3 • $1B+ nonprofits • Source year 2011

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2011

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2011

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2011

Asset Growth

22nd percentile

2.0%

Faster asset growth than 22% of similar nonprofits.

2011 filings • 501(c)3 • $1B+ nonprofits • Annualized from 2010 to 2011

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Up

$1,362,673,830

Up $27,033,247 (+2.0%) from 2010

Net Assets

Up

$707,953,386

Up $35,457,851 (+5.3%) from 2010

Liabilities

Down

$654,720,444

Down $8,424,604 (-1.3%) from 2010

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$937,225,334

Up $43,837,491 (+4.9%) from 2010

Net Income

-

No earlier filing loaded for comparison.

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 2010: $1,335,640,583Liabilities 2010: $663,145,048Net Assets 2010: $672,495,5352010Assets 2011: $1,362,673,830Liabilities 2011: $654,720,444Net Assets 2011: $707,953,3862011Assets 2012: $1,426,399,681Liabilities 2012: $642,059,490Net Assets 2012: $784,340,1912012Assets 2013: $1,401,033,136Liabilities 2013: $636,733,084Net Assets 2013: $764,300,0522013Assets 2014: $1,423,447,229Liabilities 2014: $632,851,201Net Assets 2014: $790,596,0282014Assets 2015: $1,424,443,922Liabilities 2015: $714,913,794Net Assets 2015: $709,530,1282015Assets 2016: $1,416,072,147Liabilities 2016: $682,525,328Net Assets 2016: $733,546,8192016Assets 2017: $1,470,677,957Liabilities 2017: $755,793,187Net Assets 2017: $714,884,7702017Assets 2018: $1,508,036,898Liabilities 2018: $745,412,788Net Assets 2018: $762,624,1102018Assets 2019: $1,655,160,684Liabilities 2019: $845,671,109Net Assets 2019: $809,489,5752019Assets 2020: $1,843,918,342Liabilities 2020: $980,834,098Net Assets 2020: $863,084,2442020Assets 2021: $1,954,958,944Liabilities 2021: $979,021,065Net Assets 2021: $975,937,8792021Assets 2022: $1,739,298,787Liabilities 2022: $993,298,377Net Assets 2022: $746,000,4102022Assets 2023: $1,866,139,975Liabilities 2023: $1,098,502,248Net Assets 2023: $767,637,7272023Assets 2024: $1,971,085,645Liabilities 2024: $1,085,230,262Net Assets 2024: $885,855,3832024

Highlighted filing

2011

Assets$1,362,673,830
Liabilities$654,720,444
Net Assets$707,953,386

Operations Trend

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

$3.0B$2.0B$1.0B$0-$1.0BExpenses 2010: $893,387,8432010Expenses 2011: $937,225,3342011Expenses 2012: $1,028,323,3972012Expenses 2013: $1,034,321,1702013Revenue 2014: $1,024,384,686Expenses 2014: $1,034,167,696Net Income 2014: -$9,783,0102014Revenue 2015: $1,065,229,638Expenses 2015: $1,098,223,727Net Income 2015: -$32,994,0892015Revenue 2016: $1,126,656,960Expenses 2016: $1,115,819,238Net Income 2016: $10,837,7222016Revenue 2017: $1,243,670,802Expenses 2017: $1,193,051,148Net Income 2017: $50,619,6542017Revenue 2018: $1,304,033,475Expenses 2018: $1,268,441,698Net Income 2018: $35,591,7772018Revenue 2019: $1,413,415,643Expenses 2019: $1,385,455,081Net Income 2019: $27,960,5622019Revenue 2020: $1,501,722,240Expenses 2020: $1,458,807,966Net Income 2020: $42,914,2742020Revenue 2021: $1,717,539,715Expenses 2021: $1,673,018,960Net Income 2021: $44,520,7552021Revenue 2022: $1,905,941,318Expenses 2022: $1,907,775,364Net Income 2022: -$1,834,0462022Revenue 2023: $2,067,993,368Expenses 2023: $2,092,838,776Net Income 2023: -$24,845,4082023Revenue 2024: $2,298,360,002Expenses 2024: $2,286,777,227Net Income 2024: $11,582,7752024

Highlighted filing

2011

Revenue-
Expenses$937,225,334
Net Income-
Jump To
Filing Snapshot
Filing Period
Oct 1, 2010 to Sep 30, 2011
Signed
Nov 15, 2012
Return Version
2010v3.4
Gross Receipts
$1,316,811,525
Mission and Program Overview

Mission

Wakemed provides outstanding and compassionate care to all who seek our services. Wakemed is committed to the health and wellness of the communities it serves by providing preventive, diagnostic, in/outpatient, rehabilitative care to all regardless of the ability to pay.

Major Activities

Activity 2
Heart services - wakemed's heart and vascular program is not only the largest, but one of the most well respected in cardiovascular programs in north carolina. Last year, more than 25,000 cardiovascular procedures were conducted for nearly 13,536 in and out patients cases in the wakemed system. Procedures included surgery, cardiac catherizations and electrophysiology and thousands of others were treated medically as in and outpatients throughout the system. Heart disease remains the second leading cause of death in wake county. Additionally, the county's 2010 health assessment identifies management of chronic disease of paramount importance to wake county residents' overall health. Wakemed's heart center has made significant strides in programs and services aiming to reduce heart disease and diabetes and improve patients' understanding of disease management. The wakemed heart center provides a comprehensive continuum of care for the cardiac patient from education and prevention to diagnosis, intervention, surgery, cardiac rehabilitation and on-going disease management for heart failure. Free education programs are offered regularly for our patients, their family members and the community to complement our comprehensive care services. Our intentions are to teach patients about their risk factors for heart disease and encourage healthy behaviors through lifestyle changes, thus building a foundation for a healthier population. Wakemed mobile critical care services provides critical care transport via ground and air servicing. Serving approximately 1,300 critically ill patients each month, it is the busiest inter-facility ground transport service in the state. Each year, wakemed's heart center provides free health screenings including cholesterol screenings, blood pressure checks, vascular screenings and stroke assessments throughout the community. These screenings are designed to be a secondary prevention activity to detect early onset of disease and illness. Wakemed conducts training for the program cpr anytime at multiple locations in wake county, and provides cpr anytime kits throughout the community at more than a 70 percent discounted cost. Last fiscal year, wakemed performed 25,742 procedures in the heart center; of these 15,210 (60%) were insured under medicare, 1,700 (6.6%) were insured under medicaid and 444 (4.2%) of these patients were uninsured.
Activity 3
Emergency services - access to affordable health care continues to be a critical challenge facing wake county's residents. One of the many ways wakemed has improved access for wake county residents is through our multiple locations and physicians offices throughout the community. Over the past couple of years, wakemed has opened full service, stand alone emergency departments, which are geographically spread throughout the county, increasing convenient access to emergency care for patients. Wakemed is among the top three volume providers of emergency care in nc. Its five adult emergency departments are located throughout wake county. Our children's emergency department in raleigh is the only children's ed in the county. Wakemed's raleigh campus is also home to wake county's only level i trauma center, the highest designation awarded to trauma centers in north carolina. Our trauma service includes five adult intensive care units and a pediatric intensive care unit as well as a comprehensive acute, inpatient and outpatient physical rehabilitation program. Wakemed's emergency and trauma services treat all patients who present seeking medical care, regardless of their ability to pay. In fy11, 210,030 patients were treated in wakemed's emergency departments; of these patients 34,438 (16.4%) were insured under medicare; 50,827 (26%) were insured under medicaid; and 45,796 (22%) were uninsured. Over 48% of all patients seen in our eds are either medicaid or uninsured resulting in wakemed providing care for more than 80 percent of the county's uninsured and medicaid patients. A sixth emergency department opened january 9, 2012 which will serve the growing north western portion of wake county as well as eastern durham county. All of the stand alone locations serve areas which are otherwise underserved by dedicated medical services.
Filing and Contact Details

Filer

EIN
56-6017737
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IRS990/Activity2/Description0HEART SERVICES - WAKEMED'S HEART AND VASCULAR PROGRAM IS NOT ONLY THE LARGEST, BUT ONE OF THE MOST WELL RESPECTED IN CARDIOVASCULAR PROGRAMS IN NORTH CAROLINA. LAST YEAR, MORE THAN 25,000 CARDIOVASCULAR PROCEDURES WERE CONDUCTED FOR NEARLY 13,536 IN AND OUT PATIENTS CASES IN THE WAKEMED SYSTEM. PROCEDURES INCLUDED SURGERY, CARDIAC CATHERIZATIONS AND ELECTROPHYSIOLOGY AND THOUSANDS OF OTHERS WERE TREATED MEDICALLY AS IN AND OUTPATIENTS THROUGHOUT THE SYSTEM. HEART DISEASE REMAINS THE SECOND LEADING CAUSE OF DEATH IN WAKE COUNTY. ADDITIONALLY, THE COUNTY'S 2010 HEALTH ASSESSMENT IDENTIFIES MANAGEMENT OF CHRONIC DISEASE OF PARAMOUNT IMPORTANCE TO WAKE COUNTY RESIDENTS' OVERALL HEALTH. WAKEMED'S HEART CENTER HAS MADE SIGNIFICANT STRIDES IN PROGRAMS AND SERVICES AIMING TO REDUCE HEART DISEASE AND DIABETES AND IMPROVE PATIENTS' UNDERSTANDING OF DISEASE MANAGEMENT. THE WAKEMED HEART CENTER PROVIDES A COMPREHENSIVE CONTINUUM OF CARE FOR THE CARDIAC PATIENT FROM EDUCATION AND PREVENTION TO DIAGNOSIS, INTERVENTION, SURGERY, CARDIAC REHABILITATION AND ON-GOING DISEASE MANAGEMENT FOR HEART FAILURE. FREE EDUCATION PROGRAMS ARE OFFERED REGULARLY FOR OUR PATIENTS, THEIR FAMILY MEMBERS AND THE COMMUNITY TO COMPLEMENT OUR COMPREHENSIVE CARE SERVICES. OUR INTENTIONS ARE TO TEACH PATIENTS ABOUT THEIR RISK FACTORS FOR HEART DISEASE AND ENCOURAGE HEALTHY BEHAVIORS THROUGH LIFESTYLE CHANGES, THUS BUILDING A FOUNDATION FOR A HEALTHIER POPULATION. WAKEMED MOBILE CRITICAL CARE SERVICES PROVIDES CRITICAL CARE TRANSPORT VIA GROUND AND AIR SERVICING. SERVING APPROXIMATELY 1,300 CRITICALLY ILL PATIENTS EACH MONTH, IT IS THE BUSIEST INTER-FACILITY GROUND TRANSPORT SERVICE IN THE STATE. EACH YEAR, WAKEMED'S HEART CENTER PROVIDES FREE HEALTH SCREENINGS INCLUDING CHOLESTEROL SCREENINGS, BLOOD PRESSURE CHECKS, VASCULAR SCREENINGS AND STROKE ASSESSMENTS THROUGHOUT THE COMMUNITY. THESE SCREENINGS ARE DESIGNED TO BE A SECONDARY PREVENTION ACTIVITY TO DETECT EARLY ONSET OF DISEASE AND ILLNESS. WAKEMED CONDUCTS TRAINING FOR THE PROGRAM CPR ANYTIME AT MULTIPLE LOCATIONS IN WAKE COUNTY, AND PROVIDES CPR ANYTIME KITS THROUGHOUT THE COMMUNITY AT MORE THAN A 70 PERCENT DISCOUNTED COST. LAST FISCAL YEAR, WAKEMED PERFORMED 25,742 PROCEDURES IN THE HEART CENTER; OF THESE 15,210 (60%) WERE INSURED UNDER MEDICARE, 1,700 (6.6%) WERE INSURED UNDER MEDICAID AND 444 (4.2%) OF THESE PATIENTS WERE UNINSURED.
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IRS990/Activity3/Description0EMERGENCY SERVICES - ACCESS TO AFFORDABLE HEALTH CARE CONTINUES TO BE A CRITICAL CHALLENGE FACING WAKE COUNTY'S RESIDENTS. ONE OF THE MANY WAYS WAKEMED HAS IMPROVED ACCESS FOR WAKE COUNTY RESIDENTS IS THROUGH OUR MULTIPLE LOCATIONS AND PHYSICIANS OFFICES THROUGHOUT THE COMMUNITY. OVER THE PAST COUPLE OF YEARS, WAKEMED HAS OPENED FULL SERVICE, STAND ALONE EMERGENCY DEPARTMENTS, WHICH ARE GEOGRAPHICALLY SPREAD THROUGHOUT THE COUNTY, INCREASING CONVENIENT ACCESS TO EMERGENCY CARE FOR PATIENTS. WAKEMED IS AMONG THE TOP THREE VOLUME PROVIDERS OF EMERGENCY CARE IN NC. ITS FIVE ADULT EMERGENCY DEPARTMENTS ARE LOCATED THROUGHOUT WAKE COUNTY. OUR CHILDREN'S EMERGENCY DEPARTMENT IN RALEIGH IS THE ONLY CHILDREN'S ED IN THE COUNTY. WAKEMED'S RALEIGH CAMPUS IS ALSO HOME TO WAKE COUNTY'S ONLY LEVEL I TRAUMA CENTER, THE HIGHEST DESIGNATION AWARDED TO TRAUMA CENTERS IN NORTH CAROLINA. OUR TRAUMA SERVICE INCLUDES FIVE ADULT INTENSIVE CARE UNITS AND A PEDIATRIC INTENSIVE CARE UNIT AS WELL AS A COMPREHENSIVE ACUTE, INPATIENT AND OUTPATIENT PHYSICAL REHABILITATION PROGRAM. WAKEMED'S EMERGENCY AND TRAUMA SERVICES TREAT ALL PATIENTS WHO PRESENT SEEKING MEDICAL CARE, REGARDLESS OF THEIR ABILITY TO PAY. IN FY11, 210,030 PATIENTS WERE TREATED IN WAKEMED'S EMERGENCY DEPARTMENTS; OF THESE PATIENTS 34,438 (16.4%) WERE INSURED UNDER MEDICARE; 50,827 (26%) WERE INSURED UNDER MEDICAID; AND 45,796 (22%) WERE UNINSURED. OVER 48% OF ALL PATIENTS SEEN IN OUR EDS ARE EITHER MEDICAID OR UNINSURED RESULTING IN WAKEMED PROVIDING CARE FOR MORE THAN 80 PERCENT OF THE COUNTY'S UNINSURED AND MEDICAID PATIENTS. A SIXTH EMERGENCY DEPARTMENT OPENED JANUARY 9, 2012 WHICH WILL SERVE THE GROWING NORTH WESTERN PORTION OF WAKE COUNTY AS WELL AS EASTERN DURHAM COUNTY. ALL OF THE STAND ALONE LOCATIONS SERVE AREAS WHICH ARE OTHERWISE UNDERSERVED BY DEDICATED MEDICAL SERVICES.
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IRS990/Description0SURGICAL SERVICES - WAKEMED OFFERS SURGICAL SERVICES IN FOUR LOCATIONS; WAKEMED RALEIGH CAMPUS, WAKEMED CARY HOSPITAL, WAKEMED NORTH HEALTHPLEX AND BLUE RIDGE SURGERY CENTER. ALL OF THESE FACILITIES PROVIDE SURGICAL SERVICES TO ALL WHO SEEK CARE REGARDLESS OF THEIR ABILITY TO PAY. BY HAVING IN AND OUT PATIENT SERVICES IN FOUR DISTINCT LOCATIONS THROUGHOUT THE COUNTY, WAKEMED HAS IMPROVED ACCESS TO THESE NEEDED SERVICES. IN JUNE OF 2012 AN ADDITIONAL DAY SURGERY LOCATION WILL OPEN IN EAST RALEIGH. ACCESS TO SPECIALTY CARE CONTINUES TO BE ONE OF THE KEY HEALTH CONCERNS FACING OUR COMMUNITY. WAKEMED HAS EXPANDED ITS NETWORK OF SPECIALISTS AND WAKEMED FACULTY PHYSICIANS IS ONE OF THE KEY GROUPS OF PHYSICIANS WHO PROVIDE SUBSPECIALITY CARE TO THE UNDERINSURED AND WORK WITH THE PATIENT TO PROVIDE DISCOUNTED FEES BASED ON INCOME AND NEED. MANY PHYSICIANS ON THE MEDICAL STAFF CONTINUE THIS PRACTICE OF PROVDING QUALITY CARE TO PATIENTS REGARDLESS OF ABILITY TO PAY. LAST YEAR, SURGERIES WERE PERFORMED ON 29,085 PATIENTS (AN INCREASE OF 3.5% OVER 2010) IN THE WAKEMED SYSTEM. OF THESE SURGERIES, 7,855 (27%) WERE INSURED UNDER MEDICARE, 4,404 (15%) WERE INSURED UNDER MEDICAID AND 1,499 (5.2%) WERE UNINSURED (OR SELF PAY OR CHARITY CARE).
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IRS990/Form990PartVIISectionA/NamePerson8M JACKSON NICHOLS
IRS990/Form990PartVIISectionA/NamePerson9WILLIAM R MCNEAL
IRS990/Form990PartVIISectionA/NamePerson10LESLIE MERRITT
IRS990/Form990PartVIISectionA/NamePerson11CHRISTINA ALVARADO SHANAHAN
IRS990/Form990PartVIISectionA/NamePerson12LORRAINE M WRIGHT PHD
IRS990/Form990PartVIISectionA/NamePerson13LLOYD M YATES
IRS990/Form990PartVIISectionA/NamePerson14WILLIAM K ATKINSON PHD
IRS990/Form990PartVIISectionA/NamePerson15MICHAEL DEVAUGHN
IRS990/Form990PartVIISectionA/NamePerson16THOMAS GETTINGER
IRS990/Form990PartVIISectionA/NamePerson17ROYLYN JOHNSON
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IRS990/Form990PartVIISectionA/NamePerson30GURVINDER S DEOL
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IRS990/Form990PartVIISectionA/OtherCompensation110
IRS990/Form990PartVIISectionA/OtherCompensation120
IRS990/Form990PartVIISectionA/OtherCompensation130
IRS990/Form990PartVIISectionA/OtherCompensation1427336
IRS990/Form990PartVIISectionA/OtherCompensation1520031
IRS990/Form990PartVIISectionA/OtherCompensation168358
IRS990/Form990PartVIISectionA/OtherCompensation178901
IRS990/Form990PartVIISectionA/OtherCompensation1825168
IRS990/Form990PartVIISectionA/OtherCompensation1925556
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IRS990/Form990PartVIISectionA/ReportableCompFromOrganization10
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization20
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization30
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization40
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization50
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization60
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization70
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization80
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization90
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization100
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization110
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization120
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization130
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IRS990/Form990PartVIISectionA/ReportableCompFromOrganization16396574
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IRS990/Form990PartVIISectionA/ReportableCompFromOrganization20311222
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization21302055
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization22286413
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization23262653
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IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs70
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IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs110
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IRS990/Form990PartVIISectionA/Title0BOARD OF DIRECTORS - CHAIR
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Summary only. Only limited summary data is available for this year.$1,971$1,085$886$2,298$2,287$11.6
2023Summary only. Only limited summary data is available for this year.$1,866$1,099$768$2,068$2,093$24.8
2022Summary only. Only limited summary data is available for this year.$1,739$993$746$1,906$1,908$1.83
2021Summary only. Only limited summary data is available for this year.$1,955$979$976$1,718$1,673$44.5
2020Summary only. Only limited summary data is available for this year.$1,844$981$863$1,502$1,459$42.9
2019Summary only. Only limited summary data is available for this year.$1,655$846$809$1,413$1,385$28.0
2018Summary only. Only limited summary data is available for this year.$1,508$745$763$1,304$1,268$35.6
2017Summary only. Only limited summary data is available for this year.$1,471$756$715$1,244$1,193$50.6
2016Summary only. Only limited summary data is available for this year.$1,416$683$734$1,127$1,116$10.8
2015Summary only. Only limited summary data is available for this year.$1,424$715$710$1,065$1,098$33.0
2014Summary only. Only limited summary data is available for this year.$1,423$633$791$1,024$1,034$9.78
2013Summary only. Only limited summary data is available for this year.$1,401$637$764$1,034
2012Summary only. Only limited summary data is available for this year.$1,426$642$784$1,028
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,363$655$708$937
2010Summary only. Only limited summary data is available for this year.$1,336$663$672$893
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2011 filings • 501(c)3 • $1B+ nonprofits