AdventHealth Polk
Legal name: St Lukes Hospital
Nonprofit profile at a glance
- EIN
- 560554222
- IRS 990 coverage
- 2009–2024
- Official website data refreshed
- Aug 2026
- Forms available
- Form 990 2024
- Location
- Columbus, NC, US
- Phone
- 828-894-3311
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Hospital, General
Reported finances
- Revenue
- $4,351,432
- Expenses
- $3,187,073
- Assets
- $78,885,367
- Liabilities
- $3,325,855
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Highest reported compensation
- FRANK SAVAGE MD (CHIEF MEDICAL DIRECTOR): $329,229 total reported compensation
- JEFFERY VIAR MD (TRUSTEE): $255,996 total reported compensation
- ELIZABETH PRESNELL (CFO): $250,560 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Extending the Healing Ministry of Christ
What it reported doing in 2024
St. Luke's hospital is committed to ensure healthcare services are provided to its community. At the close of fy 09/30/2024 the organization entered into an agreement to transfer the hospital activities to adventhealth a 501(c)(3) healthcare network. Fiscal year ended 09/30/2025 was a wind down year of operations and included the board providing oversight in the transition to adventhealth to ensure high quality healthcare continued to be provided to the community.
Operating model
- Revenue model
- Other-operating. 75% 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.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 76
- Transparency & Controls: 70
- Accountability: 78
- Sustainability: 76
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 78.2%; rating input score 78
- Program expense ratio: 96.9%; rating input score 97
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 7th 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: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 77.8%; rating input score 78; 14th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- 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: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 26.8%; rating input score 82; 82nd percentile among comparable filings
- Total-asset coverage ratio: 24.75; rating input score 97; 97th percentile among comparable filings
- Liabilities to assets ratio: 0.04; rating input score 72; 72nd percentile among comparable filings
- Officer compensation ratio: 29.5%; rating input score 6; 6th percentile among comparable filings
Growth
- Program expense growth: -0.5% per year; rating input score 0; 12th percentile among comparable filings
- Revenue growth: 1.5% per year; rating input score 100; 18th percentile among comparable filings
- Asset growth: 9.6% per year; rating input score 100; 57th percentile among comparable filings
Details
- What they do: 4 programs and campaigns described on the official site · 10 operating locations identified
- Where the money goes: 78.2% of revenue deployed · 96.9% of spending went to programs
- Governance: 7 of 9 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $3.1M in reported program spending
- Leadership: top reported pay $329K · 14 people listed · 1 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $6.9M reported
- Consistency: 17 of 17 current checks pass
- Schedules: 6 filed schedules · includes major donors and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 5 filed money-flow records
- Related organizations: 3 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Growth: Program expense growth scored 0/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Sustainability: Officer compensation ratio scored 6/100.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.