Health Care
(E220)
IRS Verified
DX Registered
990 on File
NORTH CAROLINA BAPTIST HOSPITAL
Financial strength (30%)
81/100
Reliability (20%)
55/100
Effectiveness (25%)
83/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
Wake Forest Baptist Medical Center's mission is to improve the health of our region, state and nation by: Generating and translating knowledge to prevent, diagnose and treat disease. Training leaders in health care and biomedical science. Serving as the premier health system in our region, with specific centers of excellence recognized as national and international care destinations.
Financial Overview — FY 2024
$3259.4M
Total Revenue
$3178.1M
Total Expenses
$1743.7M
Net Assets
0
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
94.9%
Fundraising Efficiency
N/A
Operating Reserve
6.58x
Liability-to-Asset
37.3%
Revenue Diversification
98.6%
Executive Compensation
$26.8M
Compared with Peers
FY 2024
Compared with 938 similar organizations
(United States, Health Care, $100M and over in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
94.9% | 87.7% |
P10P90
|
Top quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
5.1% | 12.3% |
P10P90
|
Top quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
6.6 mo | 6.1 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
37.3% | 44.5% |
P10P90
|
Above median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
98.6% | 96.4% |
P10P90
|
Bottom quarter |
|
Revenue growth
Year over year revenue growth
|
9.6% | 9.1% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
8.5% | 7.8% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
2.5% | 2.5% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $3259.4M | $3178.1M | $1743.7M | 94.9% | 0 |
| 2023 | $2974.3M | $2929.3M | $1495.2M | 91.7% | 0 |
| 2022 | $2499.7M | $2520.5M | $1343.8M | 93.6% | 0 |
| 2021 | $2315.7M | $2243.5M | N/A | — | 0 |
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