Piedmont Cartersville Hospital Inc

Nonprofit profile at a glance

EIN
870963633
IRS 990 coverage
2020–2024
Forms available
Form 990 2024
Location
Cartersville, GA, USA
Phone
4044251303
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Hospitals and Related Primary Medical Care Facilities

Official website

Reported finances

Revenue
$248,559,547
Expenses
$217,369,410
Assets
$518,232,358
Liabilities
$31,528,129

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

17 people listed

Executive titles in this filing

  • MS LORI RAKES (CEO & BOARD MEMBER)

Highest reported compensation

  • MR THOMAS ARNOLD (TREASURER/CFO PHC): $1,518,663 total reported compensation
  • MS ELIZABETH LEDDY (SECRETARY/CLO PHC): $1,379,286 total reported compensation
  • MS LORI RAKES (CEO & BOARD MEMBER): $549,687 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide healthcare marked by compassion and sustainable excellence in a progressive environment, guided by physicians, delivered by exceptional professionals, and inspired by the communities we serve.

What it reported doing in 2024

Piedmont cartersville hospital, inc. Is a 139-bed facility located in the city of cartersville in bartow county, Georgia. Our primary care and specialty physicians on the medical staff meet the professional clinical needs of children, adults, and seniors within cartersville and the greater metropolitan atlanta market, regardless of any indiviual's ability to pay for services. For the year ended june 30, 2025, the hospital had 8,284 in-patient admissions with a total of 37,224 days of in-patient hospitalization. Er visits totaled 53,215 and outpaitent visits totaled 38,149. Surgical services were provided to 5,024 patients.

Operating model

Revenue model
Other-operating. 100% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and some filed totals do not add up.

Rating breakdown

  • Financial Efficiency: 69
  • Transparency & Controls: 67
  • Accountability: 89
  • Sustainability: 76
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 72.9%; rating input score 73
  • Program expense ratio: 83.6%; rating input score 84
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 8th percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 73.5%; rating input score 74; 15th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 88.9%; rating input score 89; 36th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 12.5%; rating input score 78; 78th percentile among comparable filings
  • Total-asset coverage ratio: 2.38; rating input score 69; 69th percentile among comparable filings
  • Liabilities to assets ratio: 0.06; rating input score 88; 88th percentile among comparable filings
  • Officer compensation ratio: 1.1%; rating input score 72; 72nd percentile among comparable filings

Growth

  • Program expense growth: 23.7% per year; rating input score 100; 94th percentile among comparable filings
  • Revenue growth: 27.8% per year; rating input score 100; 96th percentile among comparable filings
  • Asset growth: 23.1% per year; rating input score 100; 95th percentile among comparable filings

Details

  • Where the money goes: 72.9% of revenue deployed · 83.6% of spending went to programs
  • Governance: 8 of 9 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $181.8M in reported program spending
  • Leadership: top reported pay $1.5M · 17 people listed · 1 of 6 pay-setting controls reported
  • Consistency: 31 of 32 current checks pass · 1 finding to review
  • Schedules: 7 filed schedules · includes grants and executive pay
  • Filing history: 5 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: 10 filed money-flow records
  • Related organizations: 55 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.