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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Health Care Valdese Nursing Home Inc.

Valdese Nursing Home Inc.

Fiscal year ending 2019. Filed on November 3, 2020.

95 Locust
Connelly Springs, North Carolina 28612

Valdese Nursing Home Inc. (EIN: 58-1978560) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2019 IRS Form 990 filing, Valdese Nursing Home Inc., a 501(c)(3) charitable organization, reported compensation for 4 out of 141 total employees. Among the employees shown here, the average compensation is $265,968. The highest compensated employee at Valdese Nursing Home Inc. is Clay Richardson, M.D. with fiscal year 2019 compensation of $285,333.

Revenue, expenses, and employee compensation

Revenue

$4,587,210

Expenses

$4,421,568

Employee compensation

$3,059,909
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Clay Richardson, M.D.
Member at-large
$285,333
$0 $235,531 $49,802
Edward Plyler
Continuing CARE SERV
$246,603
$0 $204,815 $41,788
Kathy Bailey
President and Chief Executive Officer
$0
Robert G Fritts
Senior Vice President of Finance and Chief Financial Officer
$0

Benchmark Employee Compensation

Non-Employee Board Members

Alan Griffin
Board Member
Allen Vannoppen
Board Member
Brian Gwyn
Board Member
Felicia Simmons
Board Member
Frieda Lowder
Board Member
J Michael Bridges
Chair
Jeff Carswell
Treasurer
John Branstrom
Board Member
Lisa Buff
Board Member
M H McCrary
Vice Chair
Sherrod Salsbury
Secretary
Susan Haire
Board Member

Mission Statement

VALDESE NURSING HOME, INC. IS DEDICATED TO PROVIDING EXCELLENT CARE AND HELPING EACH RESIDENT ACHIEVE AN OPTIMAL QUALITY OF LIFE.

Revisions to this organization profile

May 1, 2025:
2024 Valdese Nursing Home Inc. 990 filed
May 2, 2024:
2023 Valdese Nursing Home Inc. 990 filed
May 2, 2023:
2022 Valdese Nursing Home Inc. 990 filed

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