Civic Intelligence

Wakemed

990 • Fiscal year 2013 • EIN 56-6017737

Oct 01, 2012 to Sep 30, 2013 • Filed on Aug 15, 2014

3000 New Bern AveSuite27610-1215
Siviq Scores

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

Liabilities / Assets

59th percentile

0.45x

Higher debt load relative to assets than 59% of similar nonprofits.

2013 filings • 501(c)3 • $1B+ nonprofits • Source year 2013

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2013

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

7th percentile

-1.8%

Faster asset growth than 7% of similar nonprofits.

2013 filings • 501(c)3 • $1B+ nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Down

$1,401,033,136

Down $25,366,545 (-1.8%) from 2012

Net Assets

Down

$764,300,052

Down $20,040,139 (-2.6%) from 2012

Liabilities

Down

$636,733,084

Down $5,326,406 (-0.8%) from 2012

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$1,034,321,170

Up $5,997,773 (+0.6%) from 2012

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

2013

Assets$1,401,033,136
Liabilities$636,733,084
Net Assets$764,300,052

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

2013

Revenue-
Expenses$1,034,321,170
Net Income-
Jump To
Filing Snapshot
Filing Period
Oct 1, 2012 to Sep 30, 2013
Signed
Aug 15, 2014
Return Version
2012v2.3
Gross Receipts
$1,460,662,374
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 cardiovascular programs in north carolina. Last year, more than 22,000 cardiovascular procedures were performed. Procedures included surgery, diagnostic and interventional cardiac catheterization and electrophysiology studies were performed and thousands of others were treated medically as in/out patients throughout the system. Heart disease remains the second leading cause of death in wake county. Additionally, the county's 2013 health assessment identified management of chronic diseases related to cardiovascular problems of paramount importance to wake county's residents' overall health. Wakemed's heart center has made significant strides in programs and services aiming to reduce heart disease and diabetes, improve stroke outcomes and improve patients' understanding of disease management. The wakemed heart center provides a comprehensive continuum of care for the cardiac patient from outreach education and prevention to diagnosis, intervention, surgery, cardiac rehabilitation and ongoing disease management for heart failure and diabetes. 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 the patient about their risk factors for heart disease and encourage healthy behaviors through lifestyle changes, thus building a foundation for a healthier population. All of wakemed's emergency departments are certified chest pain centers and wakemed raleigh campus and cary hospital are designated primary stroke centers. Both wakemed raleigh campus and wakemed cary hospital have received the american college of cardiology foundation's ncdr action registry-gwtg platinum performance achievement award for 2012 - two of only 164 hospitals nationwide to do so. Both hospitals have also received the get with the guidelines - heart failure gold quality achievement award from the american heart association. The recognition signifies that wakemed has reached an aggressive goal of treating heart failure patients according to the guidelines of care recommended by the american heart association/ american college of cardiology. In addition, wakemed raleigh campus received the american heart association's mission: lifeline gold quality achievement award stemi receiving center. The award recognizes wakemed's commitment and success in implementing the highest standard of care for heart attack patients. Hospitals involved in mission: lifeline are part of a system that makes sure stemi patients get the right care they need, as quickly as possible. The award recognizes wakemed's commitment and success in implementing a higher standard of care for heart attack patients and signifies that wakemed has reached an aggressive goal of treating these patients to standard levels of care as outlined by the american college of cardiology/american heart association clinical guidelines and recommendations. Supporting these initiatives, wakemed mobile critical care services provides critical care transportation helping patients who need immediate intervention or acute care access the services of the health system. Serving the region and all of north carolina, mobile transports 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 or 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 70 percent discounted cost. Last fiscal year, 58.9% were insured under medicare
Activity 3
Emergency services - access to affordable 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. Today, there are seven emergency departments. Wakemed is among the top three volume providers of emergency care in north carolina. Its six 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 the home to wake county's only level 1 trauma center, the highest designation awarded to trauma centers in north carolina. Our trauma service includes a comprehensive research program, injury prevention programs, fellowship trained trauma surgeons on-site 24/7, a multi-disciplinary team of professionals, the clinical support of six 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 fy 2013, 17.7% were medicare, 22.9% medicaid and 20.4% uninsured. Over 43.3% 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. 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 CARDIOVASCULAR PROGRAMS IN NORTH CAROLINA. LAST YEAR, MORE THAN 22,000 CARDIOVASCULAR PROCEDURES WERE PERFORMED. PROCEDURES INCLUDED SURGERY, DIAGNOSTIC AND INTERVENTIONAL CARDIAC CATHETERIZATION AND ELECTROPHYSIOLOGY STUDIES WERE PERFORMED AND THOUSANDS OF OTHERS WERE TREATED MEDICALLY AS IN/OUT PATIENTS THROUGHOUT THE SYSTEM. HEART DISEASE REMAINS THE SECOND LEADING CAUSE OF DEATH IN WAKE COUNTY. ADDITIONALLY, THE COUNTY'S 2013 HEALTH ASSESSMENT IDENTIFIED MANAGEMENT OF CHRONIC DISEASES RELATED TO CARDIOVASCULAR PROBLEMS OF PARAMOUNT IMPORTANCE TO WAKE COUNTY'S RESIDENTS' OVERALL HEALTH. WAKEMED'S HEART CENTER HAS MADE SIGNIFICANT STRIDES IN PROGRAMS AND SERVICES AIMING TO REDUCE HEART DISEASE AND DIABETES, IMPROVE STROKE OUTCOMES AND IMPROVE PATIENTS' UNDERSTANDING OF DISEASE MANAGEMENT. THE WAKEMED HEART CENTER PROVIDES A COMPREHENSIVE CONTINUUM OF CARE FOR THE CARDIAC PATIENT FROM OUTREACH EDUCATION AND PREVENTION TO DIAGNOSIS, INTERVENTION, SURGERY, CARDIAC REHABILITATION AND ONGOING DISEASE MANAGEMENT FOR HEART FAILURE AND DIABETES. 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 THE PATIENT ABOUT THEIR RISK FACTORS FOR HEART DISEASE AND ENCOURAGE HEALTHY BEHAVIORS THROUGH LIFESTYLE CHANGES, THUS BUILDING A FOUNDATION FOR A HEALTHIER POPULATION. ALL OF WAKEMED'S EMERGENCY DEPARTMENTS ARE CERTIFIED CHEST PAIN CENTERS AND WAKEMED RALEIGH CAMPUS AND CARY HOSPITAL ARE DESIGNATED PRIMARY STROKE CENTERS. BOTH WAKEMED RALEIGH CAMPUS AND WAKEMED CARY HOSPITAL HAVE RECEIVED THE AMERICAN COLLEGE OF CARDIOLOGY FOUNDATION'S NCDR ACTION REGISTRY-GWTG PLATINUM PERFORMANCE ACHIEVEMENT AWARD FOR 2012 - TWO OF ONLY 164 HOSPITALS NATIONWIDE TO DO SO. BOTH HOSPITALS HAVE ALSO RECEIVED THE GET WITH THE GUIDELINES - HEART FAILURE GOLD QUALITY ACHIEVEMENT AWARD FROM THE AMERICAN HEART ASSOCIATION. THE RECOGNITION SIGNIFIES THAT WAKEMED HAS REACHED AN AGGRESSIVE GOAL OF TREATING HEART FAILURE PATIENTS ACCORDING TO THE GUIDELINES OF CARE RECOMMENDED BY THE AMERICAN HEART ASSOCIATION/ AMERICAN COLLEGE OF CARDIOLOGY. IN ADDITION, WAKEMED RALEIGH CAMPUS RECEIVED THE AMERICAN HEART ASSOCIATION'S MISSION: LIFELINE GOLD QUALITY ACHIEVEMENT AWARD STEMI RECEIVING CENTER. THE AWARD RECOGNIZES WAKEMED'S COMMITMENT AND SUCCESS IN IMPLEMENTING THE HIGHEST STANDARD OF CARE FOR HEART ATTACK PATIENTS. HOSPITALS INVOLVED IN MISSION: LIFELINE ARE PART OF A SYSTEM THAT MAKES SURE STEMI PATIENTS GET THE RIGHT CARE THEY NEED, AS QUICKLY AS POSSIBLE. THE AWARD RECOGNIZES WAKEMED'S COMMITMENT AND SUCCESS IN IMPLEMENTING A HIGHER STANDARD OF CARE FOR HEART ATTACK PATIENTS AND SIGNIFIES THAT WAKEMED HAS REACHED AN AGGRESSIVE GOAL OF TREATING THESE PATIENTS TO STANDARD LEVELS OF CARE AS OUTLINED BY THE AMERICAN COLLEGE OF CARDIOLOGY/AMERICAN HEART ASSOCIATION CLINICAL GUIDELINES AND RECOMMENDATIONS. SUPPORTING THESE INITIATIVES, WAKEMED MOBILE CRITICAL CARE SERVICES PROVIDES CRITICAL CARE TRANSPORTATION HELPING PATIENTS WHO NEED IMMEDIATE INTERVENTION OR ACUTE CARE ACCESS THE SERVICES OF THE HEALTH SYSTEM. SERVING THE REGION AND ALL OF NORTH CAROLINA, MOBILE TRANSPORTS 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 OR 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 70 PERCENT DISCOUNTED COST. LAST FISCAL YEAR, 58.9% WERE INSURED UNDER MEDICARE
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IRS990/Activity3/Description0EMERGENCY SERVICES - ACCESS TO AFFORDABLE 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. TODAY, THERE ARE SEVEN EMERGENCY DEPARTMENTS. WAKEMED IS AMONG THE TOP THREE VOLUME PROVIDERS OF EMERGENCY CARE IN NORTH CAROLINA. ITS SIX 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 THE HOME TO WAKE COUNTY'S ONLY LEVEL 1 TRAUMA CENTER, THE HIGHEST DESIGNATION AWARDED TO TRAUMA CENTERS IN NORTH CAROLINA. OUR TRAUMA SERVICE INCLUDES A COMPREHENSIVE RESEARCH PROGRAM, INJURY PREVENTION PROGRAMS, FELLOWSHIP TRAINED TRAUMA SURGEONS ON-SITE 24/7, A MULTI-DISCIPLINARY TEAM OF PROFESSIONALS, THE CLINICAL SUPPORT OF SIX 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 FY 2013, 17.7% WERE MEDICARE, 22.9% MEDICAID AND 20.4% UNINSURED. OVER 43.3% 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. 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 CAPITAL CITY SURGERY CENTER, OF WHICH WAKEMED IS INVESTED. ALL OF THESE FACILITIES PROVIDE SURGICAL SERVICES TO ALL WHO SEEK CARE REGARDLESS OF THEIR ABILITY TO PAY. BY HAVING IN/OUT PATIENT SERVICES THROUGHOUT THE COUNTY, WAKEMED HAS IMPROVED ACCESS TO THESE NEEDED SERVICES. WAKEMED HAS A BROAD RANGE OF SURGEONS WHO PERFORM PROCEDURES AT THESE LOCATIONS AND THE VOLUME CONTINUES TO INCREASE. AS WAKE COUNTY'S ONLY STATE DESIGNATED LEVEL 1 TRAUMA CENTER, COMPREHENSIVE SURGICAL SERVICES WITH TRAUMA SURGEONS IN A VARIETY OF SPECIALTIES LIKE GENERAL TRAUMA SURGERY, ORTHOPEDICS, NEUROSURGERY, VASCULAR SURGERY ARE KEY TO PROVIDING THE COMMUNITY WITH THIS MUCH NEEDED SERVICE. ACCESS TO SPECIALTY CARE CONTINUES TO BE ONE OF THE KEY HEALTH CONCERNS FACING OUR COMMUNITY. WAKEMED HAS EXPANDED ITS NETWORK OF SPECIALISTS THROUGH WAKEMED FACULTY PHYSICIANS, ONE OF THE KEY GROUPS OF PHYSICIANS WHO PROVIDE SUBSPECIALTY CARE TO THE UNINSURED AND UNDER INSURED IN OUR COMMUNITY. WAKEMED WORKS WITH THE PATIENT TO PROVIDE DISCOUNTED FEES BASED ON INCOME AND NEED. MANY PHYSICIANS ON THE MEDICAL STAFF CONTINUE THIS PRACTICE OF PROVIDING QUALITY CARE TO PATIENTS, REGARDLESS OF ABILITY TO PAY. LAST YEAR, 35.9% WERE INSURED UNDER MEDICARE, 14.3% WERE INSURED UNDER MEDICAID AND 6.3% WERE UNINSURED (OR "SELF PAY OR CHARITY CARE").
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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
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,401$637$764$1,034
2012Summary only. Only limited summary data is available for this year.$1,426$642$784$1,028
2011Summary only. Only limited summary data is available for this year.$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. 2013 filings • 501(c)3 • $1B+ nonprofits