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Hugh Chatham Memorial Hospital Inc

EIN 56-0642846 · Elkin, NC

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak49 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

Points to look into

  • Raising each dollar of donations cost 165 cents.

These come from the organization's own tax return. There may be a good explanation; ask the charity.

What it says it does

TO CONSISTENLY DELIVER EXCEPTIONAL QUALITY AND SERVICE BY DEMONSTRATING THE VALUES OF SERVICE, TEAMWORK, ACCOUNTABILITY, RESPECT, AND SAFE CARE.

Income
$139.5 million
Spending
$171.2 million
Spent on programs
91%
Reserves
7.8 months of spending
Largest source of income
fees for its services, 95%
Employees
1,235
Volunteers
17
Highest pay
$1.2 million, physician

Source: Form 990 for the year ending September 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 49 out of 100. Higher than 32% of charities in its peer group (health care, over $100m).

  • Reserves

    28 of 35

    Spendable reserves would cover 7.8 months of spending.

  • Debt

    16 of 20

    It owes 26% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 23% of income.

  • Income trend

    5 of 15

    Income fell 12% on the year before.

  • Spending floor

    0 of 15

    91% of spending went to programs and raising each dollar of donations cost 165 cents.

Source: Form 990 for the year ending September 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 100 out of 100. Higher than 53% of charities in its peer group (health care, over $100m).

  • Independent board

    25 of 25

    13 of 14 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending September 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $155.7 million spent. In 2024, Hugh Chatham Health continued their legacy of providing healthcare to all within the community. The organization's Vision, "to be the best community health system in the nation with service as our guiding principle," declares that every member of the team provides the highest level of care for every patient, at every location. Hugh Chatham makes a difference every day for local citizens and employers. The nonprofit healthcare system has recently received many prestigious awards that accentuate its commitment to excellence. * American Heart Association 2024 Get With The Guidelines: Stroke GOLD PLUS with Honor Roll Elite and Target: Type 2 Diabetes * American Heart Association 2024 Get With The Guidelines: Stroke Rural Silver * Women's Choice Award for Best in Obstetrics and Stroke Care for 2024 * Hugh Chatham Health at Home: Superior Performer for Patient Satisfaction by SHP In 2024, Hugh Chatham Health introduced Hugh Chatham Health - Family Medicine Residency, a three-year program that will allow doctoral students to complete a residency program geared towards family medicine in rural communities. This program will increase access to quality healthcare, offering a full spectrum of clinical learning experiences for new physicians, and include rotations in pediatrics, obstetrics, inpatient and outpatient family medicine, as well as select specialty opportunities. In partnership with Elkin Emergency Rescue Squad, Hugh Chatham Health began providing transport services for non-emergent patients, allowing additional room for those needing inpatient treatment and quicker discharge times for those already admitted. In 2024, the service transported over 450 patients throughout the Yadkin Valley and beyond. Hugh Chatham Health raised over $225,000 through events and fundraisers for the Hugh Chatham Health Foundation, which directly supports the needs of the community and its members. Funds were distributed to scholarships, community partnerships, new rehab equipment, and the Step-by-Step Program which allows individuals to receive cardiac or pulmonary rehab services without financial burden. Hugh Chatham continues to support local school systems by providing life-saving education and skills, scholarship opportunities, and sponsorships for HOSA organizations. Hugh Chatham leaders also participated in the high school's partnership with District C, an organization that encourages students to think critically and creatively while preparing them for the workforce. Hugh Chatham continues to provide a virtual care platform, caring for patients who are unable to attend a physical visit or are otherwise home-bound. Hugh Chatham Virtual Care allows access to providers via website or application. A complete listing of services is available on the health system's website at www.HughChatham.org. For real-time updates and stories about the people who make this health system successful, visit Hugh Chatham Health on Facebook, Instagram, Twitter and LinkedIn.

Source: Form 990 for the year ending September 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending September 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since June 1932.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.