Civic Intelligence

Wakemed

990 • Fiscal year 2023 • EIN 56-6017737

Oct 01, 2022 to Sep 30, 2023

Organization ProfileWWW.WAKEMED.ORG
Raleigh, NC
Siviq Scores

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

Liabilities / Assets

78th percentile

0.59x

Higher debt load relative to assets than 78% of similar nonprofits.

2023 filings • 501(c)3 • $1B+ nonprofits • Source year 2023

Liabilities / Revenue

40th percentile

0.53x

Higher debt load relative to revenue than 40% of similar nonprofits.

2023 filings • 501(c)3 • $1B+ nonprofits • Source year 2023

Net Margin

24th percentile

-1.2%

Higher net margin than 24% of similar nonprofits.

2023 filings • 501(c)3 • $1B+ nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2023

Asset Growth

63rd percentile

7.3%

Faster asset growth than 63% of similar nonprofits.

2023 filings • 501(c)3 • $1B+ nonprofits • Annualized from 2022 to 2023

Revenue Growth

65th percentile

8.5%

Faster revenue growth than 65% of similar nonprofits.

2023 filings • 501(c)3 • $1B+ nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets78th percentile

Assets

Up

$1,866,139,975

Up $126,841,188 (+7.3%) from 2022

Net Assets

Up

$767,637,727

Up $21,637,317 (+2.9%) from 2022

Liabilities

Up

$1,098,502,248

Up $105,203,871 (+11%) from 2022

Revenue And Expenses
Liabilities / Revenue40th percentileNet Margin24th percentile

Revenue

Up

$2,067,993,368

Up $162,052,050 (+8.5%) from 2022

Expenses

Up

$2,092,838,776

Up $185,063,412 (+9.7%) from 2022

Net Income

Down

-$24,845,408

Down $23,011,362 (-1255%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth63rd percentile

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

2023

Assets$1,866,139,975
Liabilities$1,098,502,248
Net Assets$767,637,727
Open 2023 Filing

Operations Trend

Revenue Growth65th percentile

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

2023

Revenue$2,067,993,368
Expenses$2,092,838,776
Net Income-$24,845,408
Open 2023 Filing
Filing Detail Status

This 2023 filing currently has summary financial data only. Detailed schedules, leadership, and program rows are not available for this filing yet.

View Latest Detailed Filing (2024)
Jump To
Filing Snapshot
Filing Period
Oct 1, 2022 to Sep 30, 2023
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.

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Summary only. Only limited summary data is available for this year.

Open filing
Assets
$1,866,139,975
Liabilities
$1,098,502,248
Net assets
$767,637,727
Revenue
$2,067,993,368
Expenses
$2,092,838,776
Net income
-$24,845,408
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
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. 2023 filings • 501(c)3 • $1B+ nonprofits