Charity Search / THE MOSES H CONE MEMORIAL HOSPITAL OPERATING CORPORATION
Health Care (E220) IRS Verified DX Registered 990 on File

THE MOSES H CONE MEMORIAL HOSPITAL OPERATING CORPORATION

EIN: 58-1588823 · GREENSBORO, NC 27401-1004 · United States · FY 2024 Data
3 out of 5 57 / 100 Based on 2+ years of filings
Financial strength (30%) 79/100
Reliability (20%) 55/100
Effectiveness (25%) 88/100
Impact (25%) No data yet
Financial data: FY 2024 · Scored 9/13/2026
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Financial Overview — FY 2024
$598.6M
Total Revenue
$550.3M
Total Expenses
$1761.8M
Net Assets
12773
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 90.0%
Fundraising Efficiency N/A
Operating Reserve 38.42x
Liability-to-Asset 11.8%
Revenue Diversification 98.7%
Executive Compensation $2.2M
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
90.0% 87.7%
P10P90
Above median
Admin expense ratio
Management and general / total expenses · lower is better
10.0% 12.3%
P10P90
Above median
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
38.4 mo 6.1 mo
P10P90
Top quarter
Liabilities to assets
Total liabilities / total assets · lower is better
11.8% 44.5%
P10P90
Top quarter
Revenue concentration
Share of revenue from the largest source · lower is better
98.7% 96.4%
P10P90
Bottom quarter
Revenue growth
Year over year revenue growth
-69.0% 9.1%
P10P90
Expense growth
Year over year expense growth
-68.5% 7.8%
P10P90
Surplus margin
Surplus as a share of revenue
8.1% 2.5%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2024 $598.6M $550.3M $1761.8M 90.0% 12773
2023 $1929.3M $1745.6M $1458.6M 90.0% 11848
2022 $1647.8M $1611.7M $1242.7M 90.0% 11715
2021 $1595.6M $1495.5M N/A — 11277
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Organization Details
EIN
58-1588823
State
NC
City
GREENSBORO
ZIP
27401-1004
Classification
E220
Category
Health Care
Rating
3★
Coverage
A
Last Updated
Aug 2026
IRS Ruling Year
5
Foundation Code
12
Form 990
On File
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