Wakemed
Raleigh, North Carolina
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Above Average
How This Organization Compares
Compared to 354 peers in Health Care with >$1B revenue
Working Capital Ratio (net assets ÷ expenses)
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
13 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $2,067,993,368↑9% | $2,092,838,776↑10% | $1,866,139,975↑7% | — |
| 2022 | $1,905,941,318↑11% | $1,907,775,364↑14% | $1,739,298,787↓11% | — |
| 2021 | $1,717,539,715↑14% | $1,673,018,960↑15% | $1,954,958,944↑6% | — |
| 2020 | $1,501,722,240↑6% | $1,458,807,966↑5% | $1,843,918,342↑11% | — |
| 2019 | $1,413,415,643↑8% | $1,385,455,081↑9% | $1,655,160,684↑10% | — |
| 2018 | $1,304,033,475↑5% | $1,268,441,698↑6% | $1,508,036,898↑3% | — |
| 2017 | $1,243,670,802↑10% | $1,193,051,148↑7% | $1,470,677,957↑4% | — |
| 2016 | $1,126,656,960↑6% | $1,115,819,238↑2% | $1,416,072,147↓1% | — |
| 2015 | $1,065,229,638↑4% | $1,098,223,727↑6% | $1,424,443,922 | — |
| 2014 | $1,024,384,686↑3% | $1,034,167,696 | $1,423,447,229↑2% | — |
| 2013 | $993,148,612↓5% | $1,034,321,170↑1% | $1,401,033,136↓2% | — |
| 2012 | $1,047,545,183↑11% | $1,028,323,397↑10% | $1,426,399,681↑5% | — |
| 2011 | $943,074,605 | $937,225,334 | $1,362,673,830 | — |
Frequently Asked Questions
What does Wakemed do?▼
Wakemed is a health care nonprofit organization based in North Carolina. It is classified under NTEE code E21 and is registered as a 501(c) tax-exempt organization with the IRS.
Is Wakemed financially healthy?▼
Based on our 9-metric Financial Health Score model, Wakemed has a score of 61/100 (Grade: B). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.
How much revenue does Wakemed generate?▼
Wakemed reports $2.3B in annual revenue and holds $2.0B in total assets, based on IRS filings.
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