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Caromont Health Services Inc

EIN 56-1455630 · Gastonia, NC

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

LegitimacyPassesRegistration and standingFinancial healthFair69 out of 100GovernanceStrong93 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

TO PROVIDE COMPASSIONATE, EXCEPTIONAL AND HIGHLY RELIABLE CARE.

Income
$21.8 million
Spending
$18.3 million
Spent on programs
95%
Reserves
0.5 months of spending
Largest source of income
fees for its services, 100%
Employees
192
Volunteers
0
Highest pay
$2.1 million, ceo

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

Financial health

Fair: 69 out of 100. Higher than 56% of charities in its peer group (health care, $10m to $100m).

  • Reserves

    4 of 35

    Spendable reserves would cover 0.5 months of spending.

  • Debt

    20 of 20

    It owes 8% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 16% of income.

  • Income trend

    15 of 15

    Income rose 10% on the year before.

  • Spending floor

    15 of 15

    94% of spending went to programs.

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

Governance

Strong: 93 out of 100. Higher than 37% of charities in its peer group (health care, $10m to $100m).

  • Independent board

    18 of 25

    2 of 3 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 June 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. $17.3 million spent. CaroMont Health is a not-for-profit health system headquartered in Gastonia, NC that provides inpatient and outpatient medical services within five counties and two states. Anchored by the 476-bed, acute care hospital, CaroMont Regional Medical Center, the health system employs nearly 4,500 healthcare professionals with a medical staff membership of more than 450. CaroMont Health Services owns and operates CaroMont Specialty Surgery, Courtland Terrace and CaroMont Endoscopy Center. CaroMont Specialty Surgery is a free-standing ambulatory surgery center on the campus of CaroMont Regional Medical Center, which performs ophthalmology, ENT, cosmetic and orthopedic surgical procedures. In fiscal year 2024, the center performed approximately 4,394 surgical procedures. Courtland Terrace is a skilled nursing facility licensed for 77 skilled nursing beds and 19 assisted living beds. Skilled nursing services provided at Courtland Terrace include short-term rehabilitation, Alzheimer's' special care and long-term care. In fiscal year 2024, the nursing home provided care to an average of 84 patients each day. CaroMont Endoscopy Center is a free-standing outpatient endoscopy center, located in Belmont and opened in 2012. CaroMont Endoscopy Center provides outpatient endoscopic procedures for upper endoscopy and screening colonoscopy. In fiscal year 2024, the center performed 6,729 procedures.

Source: Form 990 for the year ending June 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 October 13, 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 November 6, 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 October 13, 2026.

  4. Is it keeping up with its IRS filings? Worth knowing.

    The IRS does not require this organization to file annual returns.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

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

    Recognized by the IRS since May 1986.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 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 November 4, 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.