Rowan Regional Medical Center Inc
- Assets
- $153.4m
- Revenue
- $304.6m
- Investments
- $0.0
- Employees
- 1,590
- Location
- Winston Salem, NC
- Founding
- 07/1941
- Data as of
- 12/2021
- EIN
- 56-0547479
Organization Overview
Rowan Regional Medical Center Inc, operating under the name Novant Health Rowan Medical Center, is located in Winston Salem, NC. The organization was established in 1941. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 01/2022, Novant Health Rowan Medical Center employed 1,590 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Novant Health Rowan Medical Center is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Novant Health Rowan Medical Center generated $304.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $297.2m during the year ending 12/2021. While expenses have increased by 7.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Novant Health Rowan Medical Center has awarded 76 individual grants totaling $1,748,041. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONSISTENT WITH THE ORGANIZATION'S EXEMPT PURPOSE, ROWAN REGIONAL MEDICAL CENTER, INC. (RRMC) PROMOTED THE HEALTH AND WELL-BEING OF THE INHABITANTS OF THE COMMUNITY IN WHICH THE ORGANIZATION OPERATED, SERVING ALL MEMBERS OF THE COMMUNITY REGARDLESS OF THEIR ABILITY TO PAY. IN JANUARY 2022, RRMC CONVERTED TO A LIMITED LIABILITY COMPANY WHOLLY OWNED BY NOVANT HEALTH, INC., A TAX-EXEMPT HEALTHCARE ORGANIZATION, AND ALL CONTINUING OPERATIONS ARE REPORTED ON THE NOVANT HEALTH, INC.'S FORM 990.
CONSISTENT WITH THE ORGANIZATION'S EXEMPT PURPOSE, ROWAN REGIONAL MEDICAL CENTER, INC. (RRMC) PROMOTES THE HEALTH AND WELL-BEING OF THE INHABITANTS OF THE COMMUNITY IN WHICH THE ORGANIZATION OPERATES, SERVING ALL MEMBERS OF THE COMMUNITY REGARDLESS OF THEIR ABILITY TO PAY. DURING 2021, RRMC HAD 268 LICENSED BEDS, 58,865 PATIENT DAYS, AND AN AVERAGE DAILY CENSUS OF 161, WITH AN AVERAGE LENGTH OF STAY OF 6 DAYS. THERE WERE 9,708 DISCHARGES, 10,253 SURGERIES, 141,632 OUTPATIENT ENCOUNTERS, AND 43,505 EMERGENCY DEPARTMENT VISITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Weems II Larry SVP Chief Clinical Officer | Officer | 12.5 | $773,088 |
Brinkley William Oncologist | 45 | $480,297 | |
Blabon Gary Pres/asst Sec | OfficerTrustee | 0.2 | $0 |
Wimmer Mark Oncologist | 45 | $401,209 | |
Russell Jamie Crna Ii | 45 | $399,976 | |
Arshanapally Swetha Oncologist | 45 | $359,202 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Morrison Healthcare Food Management Services | 12/30/21 | $4,117,482 |
Laboratory Corporation Of America Holdin Lab Services | 12/30/21 | $4,874,859 |
Trimedx Inc Clinical Engineering Services | 12/30/21 | $3,045,383 |
Aya Healthcare Inc Travel Nursing Services | 12/30/21 | $12,295,555 |
Rowan Diagnostic Clinic Pa Health Services | 12/30/21 | $4,676,216 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $13,254,843 |
| Government grants | $1,287,431 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,542,274 |
| Total Program Service Revenue | $287,346,485 |
| Investment income | $123,821 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,601 |
| Net Gain/Loss on Asset Sales | $297,762 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $304,593,264 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $182,126 |
| Grants and other assistance to domestic individuals. | $264,239 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,627,622 |
| Compensation of current officers, directors, key employees. | $1,627,622 |
| Compensation to disqualified persons | $192,778 |
| Other salaries and wages | $81,005,740 |
| Pension plan accruals and contributions | $3,218,682 |
| Other employee benefits | $13,205,650 |
| Payroll taxes | $5,499,150 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $31,958,355 |
| Advertising and promotion | $288,248 |
| Office expenses | $882,340 |
| Information technology | $2,087,849 |
| Royalties | $0 |
| Occupancy | $4,065,638 |
| Travel | $85,363 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,422 |
| Interest | $3,739,749 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,909,413 |
| Insurance | $1,430,472 |
| All other expenses | $21,853,846 |
| Total functional expenses | $297,207,590 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $95,000 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $34,166,664 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,278,927 |
| Inventories for sale or use | $5,262,841 |
| Prepaid expenses and deferred charges | $517,654 |
| Net Land, buildings, and equipment | $108,486,591 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,623,082 |
| Total assets | $153,430,759 |
| Accounts payable and accrued expenses | $29,816,408 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $78,754,274 |
| Total liabilities | $108,570,682 |
| Net assets without donor restrictions | $44,610,801 |
| Net assets with donor restrictions | $249,276 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $153,430,759 |
Grants Awarded
Over the last fiscal year, Rowan Regional Medical Center Inc has awarded $172,639 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Salisbury, NC PURPOSE: COMMUNITY OUTREACH | $50,000 |
Salisbury, NC PURPOSE: COMMUNITY OUTREACH | $25,000 |
Salisbury, NC PURPOSE: COMMUNITY OUTREACH | $23,040 |
Salisbury, NC PURPOSE: COMMUNITY OUTREACH | $20,000 |
Chapel Hill, NC PURPOSE: COMMUNITY OUTREACH | $16,499 |
Dallas, TX PURPOSE: COMMUNITY OUTREACH | $12,100 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Rowan Regional Medical Center Inc has recieved totaling $13,254,843.
| Awarding Organization | Amount |
|---|---|
Rowan Regional Medical Center Foundation Inc Winston Salem, NC PURPOSE: TO SUPPORT NH ROWAN MEDICAL CENTER | $13,180,657 |
Rowan Regional Medical Center Auxiliary Winston Salem, NC PURPOSE: TO SUPPORT NH ROWAN MEDICAL CENTER | $74,186 |
Endowment Analysis
| Beg. Balance | $221,474 |
| Earnings | $27,802 |
| Other Expense | $221,474 |
| Ending Balance | $249,276 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
First Health Of The Carolinas Inc Pinehurst, NC | $1,544,188,654 | $986,400,718 |
Mary Washington Healthcare Fredericksburg, VA | $593,675,918 | $863,388,863 |
Mountain States Health Alliance Johnson City, TN | $556,120,495 | $805,201,599 |
Baptist Memorial Hospital Memphis, TN | $691,981,947 | $770,663,628 |
Medical Center Of Central Georgia Inc Macon, GA | $1,397,526,718 | $800,413,800 |
Mcleod Regional Medical Center Of The Pee Dee Inc Florence, SC | $2,090,467,381 | $796,571,278 |
St Francis Hospital Inc Greenville, SC | $778,217,234 | $752,202,599 |
Phoebe Putney Memorial Hospital Inc Albany, GA | $729,879,818 | $712,342,689 |
Cobb Hospital Marietta, GA | $403,732,052 | $857,038,951 |
Anmed Health Anderson, SC | $1,245,907,620 | $728,404,682 |
Gaston Memorial Hospital Inc Gastonia, NC | $627,844,903 | $665,062,443 |
University Health Services Inc Augusta, GA | $1,020,272,774 | $598,292,806 |