Rex Hospital Inc logo

Rex Hospital Inc

Foundation · Grantmaker Raleigh, NC EIN: 56-1509260 Website

To improve the health and well-being of north carolinians and others whom we serve. We accomplish this by providing leadership and excellence in the interrelated areas of patient care, education, and research.

Key facts about Rex Hospital Inc

In short: Rex Hospital Inc gave $8K across 1 grant in 2025 (avg $8K), mostly in North Carolina. Source: 2025 IRS Form 990.

EIN
56-1509260
Latest 990 filing
Form 990, 2025
Annual giving (2025)
$7,500
Grants made (2025)
1
Average grant
$7,500
Median grant
$7,500
Total assets
$1,975,332,606
Primary geography
North Carolina (100% of itemized 2025 grant dollars)

Data from IRS Form 990, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990 · View filing

Total Assets

$2.0B

+7.9% YoY

Annual Giving

$8K

+203.6% YoY

Grant Count

1

Avg Grant Size

$8K

About Rex Hospital Inc

Based on IRS filings

Rex Hospital Inc is a nonprofit organization focused on Health, based in Raleigh, NC. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $2.0B in total assets. In 2025, it awarded 1 grant totaling $8K. Net investment income was $2.1M.

Focus Areas

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

4states

Share of all 1 itemized 2025 grant dollars.

Cities

RaleighMorrisvilleCaryAmericusCharlotteEdinaHolly SpringsNashvilleWake Forest

Giving Over Time

Total grant dollars and number of grants per year

$0$200K$400K$600K$800K31 grants2019Total only2020Total only2021Total only2022Total only2023Total only20241 grants2025

Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2025

NC Professionals Health Program: $8KNC Professionals HealthProgram$8K

Grant Size Distribution

1 grants across all recorded years

1<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
NC Professionals Health Program Raleigh, NCOperations Support$7,500

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$1B$2B$3B2019202020212022202320242025
Metric202520242023
Total Assets$1,975,332,606$1,830,481,772$1,816,056,463
Revenue$1,916,498,283$1,733,107,391$1,623,067,183
Expenses$1,795,864,521$1,722,487,808$1,623,015,427
Qualifying Distributions———
Net Investment Income$2,051,611$1,943,015$1,580,848
Distributable Amount———

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990 for fiscal year 2019 (received by the IRS May 13, 2020)
  2. Updated Form 990 for fiscal year 2020 (received by the IRS May 12, 2021)
  3. Updated Form 990 for fiscal year 2021 (received by the IRS May 11, 2022)
  4. Updated Form 990 for fiscal year 2022 (received by the IRS May 10, 2023)
  5. Updated Form 990 for fiscal year 2023 (received by the IRS May 8, 2024)
  6. Updated Form 990 for fiscal year 2024 (received by the IRS May 8, 2025)
  7. Added Form 990 for fiscal year 2025 (received by the IRS May 8, 2026)

Leadership & Key People

Officers and directors from IRS filings

Rex Hospital Inc is led by M Chad Setliff, Director & President on the 2025 filing; 20 of 35 officers listed in 2025 are compensated.

Officers on the 2025 filing

  • M Chad Setliff

    Director & President

    New on the 2025 filing

    60 hrs/week

    $464K (2025)

  • Ann S. Collins MD

    Director & Chairman

    On filings since 2019

    4 hrs/week

    No compensation reported

  • Kirsten S. Riggs

    Director & COO

    COO → Vice President & COO, 2023

    Vice President & COO → Director & COO, 2024

    On filings since 2019

    60 hrs/week

    $296K (2019) → $754K (2025)

  • Rig S. Patel MD

    Director

    On filings since 2019

    60 hrs/week

    $777K (2019) → $577K (2025)

  • A Wesley Burks MD

    Director

    On filings since 2019

    2 hrs/week

    No compensation reported

  • Catharine B. Arrowood

    Director & Vice Chairman

    Director → Director & Vice Chairman, 2021

    On filings since 2019

    4 hrs/week

    No compensation reported

  • Courtney A. Crowder

    Director

    On filings since 2019

    2 hrs/week

    No compensation reported

  • Jason T. Sandner

    Director

    On filings since 2019

    2 hrs/week

    No compensation reported

  • David F. Mills

    Director

    On filings since 2021

    2 hrs/week

    No compensation reported

  • Kevin T. Anderson

    Director

    On filings since 2021

    2 hrs/week

    No compensation reported

  • Melissa A. Fitzpatrick

    Director

    On filings since 2021

    2 hrs/week

    No compensation reported

  • Robert B. Oakes

    Director

    On filings since 2021

    2 hrs/week

    No compensation reported

  • Marilyn R. Pearson MD

    Director

    On filings since 2022

    2 hrs/week

    No compensation reported

  • Caryn McNeill

    Director

    New on the 2025 filing

    2 hrs/week

    No compensation reported

  • Dayatra Matthews

    Director

    New on the 2025 filing

    2 hrs/week

    No compensation reported

  • Jeff Lindsay

    Director

    New on the 2025 filing

    2 hrs/week

    No compensation reported

  • Benjamin J. Mathew

    Vice President, CFO & Treasurer

    Assistant Treasury & Assistant Secretary → Assistant Teasury & Assistant Secretary, 2022

    Assistant Teasury & Assistant Secretary → Vice President, CFO & Treasurer, 2023

    On filings since 2019

    60 hrs/week

    $157K (2019) → $552K (2025)

  • Ernest L. Bovio Jr.

    Former President

    President → Director & President, 2023

    Director & President → Former President, 2025

    On filings since 2019

    $170K (2019) → $119K (2025)

  • Mateen Akhtar MD

    Physician

    On filings since 2019

    60 hrs/week

    $1.8M (2019) → $2M (2025)

  • Roy C. Tempke

    Vice President & Care Transitions

    Vice President → Vice President & Care Transitions, 2023

    On filings since 2019

    60 hrs/week

    $235K (2019) → $397K (2025)

  • Tate M. Bombard

    Vice President, General Counsel & Secretary

    On filings since 2019

    $289K (2019) → $0 (2025)

  • Susan G. Moore

    Vice President & Unc Rex Physicians

    On filings since 2020

    60 hrs/week

    $609K (2020) → $793K (2025)

  • Timothy M. Hester

    Vice President & Physician Services

    Vice President & Physician Services → Vice President, 2023

    Vice President → Vice President & Physician Services, 2025

    On filings since 2021

    60 hrs/week

    $244K (2021) → $355K (2025)

  • Chad N. Anderson

    Vice President & Clinical Operations

    Vice President & Clinical Operations → Vice President, 2023

    Vice President → Vice President & Clinical Operations, 2025

    On filings since 2022

    60 hrs/week

    $250K (2022) → $356K (2025)

  • Diana G. Massa

    Vice President & Clinical Operations

    Vice President → Vice President & Clinical Operations, 2025

    On filings since 2022

    60 hrs/week

    $259K (2022) → $379K (2025)

  • Joseph M. Bumgarner MD

    Physician

    On filings since 2022

    60 hrs/week

    $2M (2022) → $2M (2025)

  • Meghan E. Hooley

    Assistant Treasurer & Assistant Secretary

    Assistant Teasury & Assistant Secretary → Assistant Treasurer & Assistant Secretary, 2023

    On filings since 2022

    60 hrs/week

    $171K (2022) → $86K (2025)

  • Lorie Rhine

    Vice President, Patient Care Services & Cno

    On filings since 2023

    60 hrs/week

    $41K (2023) → $317K (2025)

  • Meera Udayakumar MD

    Vice President, Medical Affairs & CMO

    On filings since 2023

    60 hrs/week

    $478K (2024) → $570K (2025)

  • Dwijesh B. Patel MD

    Physician

    On filings since 2024

    60 hrs/week

    $1.9M (2024) → $1.9M (2025)

  • Matthew Evans

    Assistant Treasurer & Assistant Secretary

    New on the 2025 filing

    60 hrs/week

    $173K (2025)

  • Megan Lumley

    Vice President

    New on the 2025 filing

    60 hrs/week

    $293K (2025)

  • Mohammed Farooqui MD

    Physician

    New on the 2025 filing

    60 hrs/week

    $2M (2025)

  • Waheed Akhtar MD

    Physician

    New on the 2025 filing

    60 hrs/week

    $1.8M (2025)

  • Maire CorCoran Ragozzine

    Vice President, General Counsel & Secretary

    On filings since 2024

    30 hrs/week

    No compensation reported

Former officers (28)
  • Former: Benjamin G. Atkeson MD (2019–2024) — Physician
  • Former: Joseph M. Falsone MD (2019–2024) — Physician
  • Former: Stephen W. Burriss (2019–2024) — Director
  • Former: Kevin D. Howell (2021–2024) — Director
  • Former: Jeffrey T. Lindsay (2024) — Director
  • Former: Andrew K. Zukowski (2019–2023) — Vice President, CFO & Treasurer
  • Former: Joel D. Ray (2019–2023) — Vice President, Patient Care Services & Cno
  • Former: Linda H. Butler (2019–2023) — Vice President, Medical Affairs & CMO
  • Former: Mohit Pasi MD (2019–2023) — Physician
  • Former: Robert D. Ricker (2019–2023) — Vice President & Physician Services
  • Former: Rajesh Vakani MD (2023) — Physician
  • Former: Bobby T Parker (2019–2022) — Director
  • Former: Deepak Pasi (2019–2022) — Physician
  • Former: Gary L Park (2019–2022) — Former CEO
  • Former: Sylvia D Hackett (2019–2022) — Vice President & Rex Healthcare Foundation
  • Former: Teresa C Artis (2019–2022) — Director
  • Former: C. Howard Nye (2019–2021) — Director
  • Former: Sean T. Tehrani MD (2019–2021) — Vice President & Regional Hospitalists Servi
  • Former: Jayne R Byrd (2019–2020) — Former Officer
  • Former: Peter D Hans (2019–2020) — Director
  • Former: Steven C Lilly (2019–2020) — Director
  • Former: Susan M Sandberg (2019–2020) — Former Officer
  • Former: Tom G Williams (2019–2020) — Vice President & Ambulatory Services
  • Former: Chad T Lefteris (2019) — Vice President & Operations
  • Former: Lisa R Schiller (2019) — Vice President, Mktg, Pr & Committee Relations
  • Former: Robert S Thomas (2019) — Director
  • Former: Tammie T Stanton (2019) — Vice President & Post Acute Services
  • Former: William L Roper MD (2019) — Director

Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2025 IRS filing

Mateen Akhtar MD — Physician: $2.0MMateen Akhtar MDPhysician$2.0MJoseph Bumgarner MD — Physician: $2.0MJoseph Bumgarner MDPhysician$2.0MMohammed Farooqui MD — Physician: $2.0MMohammed Farooqui MDPhysician$2.0MDwijesh Patel MD — Physician: $1.9MDwijesh Patel MDPhysician$1.9MWaheed Akhtar MD — Physician: $1.8MWaheed Akhtar MDPhysician$1.8MSusan Moore MD — VP/UNC Rex Physicians: $793KSusan Moore MDVP/UNC Rex Physicians$793KKirsten Riggs — Director/COO: $754KKirsten RiggsDirector/COO$754KRig Patel MD — Director: $577KRig Patel MDDirector$577KMeera Udayakumar MD — VP/Medical Affairs & CMO: $570KMeera Udayakumar MDVP/Medical Affairs & CMO$570KBenjamin Mathew — VP/CFO & Treasurer: $552KBenjamin MathewVP/CFO & Treasurer$552KM Chad Setliff — Director/President: $464KM Chad SetliffDirector/President$464KRoy Tempke — VP/Care Transitions: $397KRoy TempkeVP/Care Transitions$397KDiana Massa — VP/Clinical Operations: $379KDiana MassaVP/Clinical Operations$379KChad Anderson — VP/Clinical Operations: $356KChad AndersonVP/Clinical Operations$356KTimothy Hester — VP/Physician Services: $355KTimothy HesterVP/Physician Services$355KLorie Rhine — VP/Patient Care Services & CNO: $317KLorie RhineVP/Patient Care Services & CNO$317KMegan Lumley — VP: $293KMegan LumleyVP$293KMatthew Evans — Asst Treasurer & Asst Secretary: $173KMatthew EvansAsst Treasurer & Asst Secretary$173KErnest Bovio Jr — Former President: $119KErnest Bovio JrFormer President$119KMeghan Hooley — Asst Treasurer & Asst Secretary: $86KMeghan HooleyAsst Treasurer & Asst Secretary$86K

Frequently asked questions about Rex Hospital Inc

How much does Rex Hospital Inc give each year?

Rex Hospital Inc gave $8K across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it reported $2K in grants paid.

How large is Rex Hospital Inc?

Rex Hospital Inc reported $2.0B in total assets on its 2025 IRS Form 990. Its revenue that year was $1.9B.

What is Rex Hospital Inc?

Rex Hospital Inc is a nonprofit organization focused on Health, based in Raleigh, NC. It holds $2.0B in total assets as of 2025.

Where does Rex Hospital Inc operate?

Rex Hospital Inc has awarded grants in Georgia, Minnesota, North Carolina, Tennessee.

What is Rex Hospital Inc's EIN?

Rex Hospital Inc's EIN (Employer Identification Number) is 56-1509260. IRS Form 990 filing data is available on this page for 2019–2025.

Data last updated September 2026. Sourced from IRS Form 990 filings.

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