Novant Health Inc

Organization Overview

Novant Health Inc is located in Winston Salem, NC. The organization was established in 1984. 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 12/2021, Novant Health Inc employed 7,284 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Novant Health Inc 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 12/2020, Novant Health Inc generated $1.1b in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $1.0b during the year ending 12/2020. While expenses have increased by 5.2% per year over the past 6 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 Inc has awarded 120 individual grants totaling $75,765,862. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

SEE SCHEDULE O

Describe the Organization's Program Activity:

Part 3 - Line 4a

NOVANT HEALTH, INC. IS THE PARENT HOSPITAL ORGANIZATION OF A NOT-FOR-PROFIT INTEGRATED GROUP OF HOSPITALS, PHYSICIAN CLINICS, OUTPATIENT CENTERS, AND OTHER HEALTHCARE SERVICE PROVIDERS (COLLECTIVELY KNOWN AS "NOVANT HEALTH"). NOVANT HEALTH CONSISTS OF OVER 2,300 PHYSICIANS AND OVER 35,000 TEAM MEMBERS WHO MAKE HEALTHCARE REMARKABLE AT MORE THAN 800 LOCATIONS, INCLUDING 14 MEDICAL CENTERS AND HUNDREDS OF OUTPATIENT FACILITIES AND PHYSICIAN CLINICS. HEADQUARTERED IN WINSTON-SALEM, NC, NOVANT HEALTH IS COMMITTED TO MAKING HEALTHCARE REMARKABLE FOR PATIENTS AND COMMUNITIES.


BRUNSWICK COMMUNITY HOSPITAL, LLC DBA NOVANT HEALTH BRUNSWICK MEDICAL CENTER, NOVANT HEALTH MINT HILL MEDICAL CENTER, LLC, NOVANT HEALTH THOMASVILLE MEDICAL CENTER, LLC, AND NOVANT HEALTH NEW HANOVER REGIONAL MEDICAL CENTER, LLC EXIST TO PROMOTE THE HEALTH OF THE INHABITANTS OF THE BRUNSWICK, MECKLENBURG COUNTIES OF NC RESPECTIVELY, REGARDLESS OF THE PATIENT'S ABILITY TO PAY. DURING 2021, THE HOSPITALS HAD 1,056 LICENSED BEDS. THERE WERE 265,020 PATIENT DAYS, WITH AN AVERAGE LENGTH OF STAY OF 6 DAYS, AND AN AVERAGE DAILY CENSUS OF 583. THERE WERE 45,414 DISCHARGES, 582,329 INPATIENT AND OUTPATIENT ENCOUNTERS, AND 219,003 EMERGENCY DEPARTMENT VISITS. SEE SCHEDULE O FOR ADDITIONAL INFORMATION.


THE HOLDING COMPANY FOR NOVANT'S AMBULATORY SERVICES, PRESBYTERIAN AMBULATORY HOLDINGS, LLC, IS A SINGLE MEMBER LLC HELD BY NOVANT HEALTH SOUTHERN PIEDMONT REGION, LLC, A SINGLE MEMBER LLC IN WHICH NOVANT HEALTH IS THE SOLE MEMBER. THE AMBULATORY CENTERS' OPERATIONS SERVE THE COMMUNITY BY PROVIDING ACCESS TO MUCH NEEDED HEALTHCARE SERVICES, REGARDLESS OF THE PATIENT'S ABILITY TO PAY. DURING 2021, THERE WERE 95,809 OUTPATIENT ENCOUNTERS.


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Board, Officers & Key Employees

Name (title)Compensation
Armato Carl
Pres & CEO Nh / Trustee
$4,412,465
Lindsay Jeffery
Evp
$2,320,081
Hargett Fred
Evp & CFO
$2,244,920
Eskioglu Eric
SVP
$1,777,846
Mihal Denise
Evp
$1,722,096
Gizdic John
Evp (eff 2/1/21)
$1,516,368

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Crothall Health Care Inc
Facility Services
$36,599,736
Robins & Morton Group
Construction
$30,424,240
Epic Systems Corporation
It Consulting
$9,614,266
Unc Chapel Hill
Telemed Consultation Services
$15,050,100
Aon Risk Services
Consulting Services
$10,765,017
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$3,987,438
Government grants $13,470,913
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $506,107
Total Revenue from Contributions, Gifts, Grants & Similar$17,458,351
Total Program Service Revenue$949,452,019
Investment income $45,317,839
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $5,311,361
Net Gain/Loss on Asset Sales $27,754,417
Net Income from Fundraising Events $6,567
Net Income from Gaming Activities $0
Net Income from Sales of Inventory -$7,395
Miscellaneous Revenue$0
Total Revenue $1,066,591,387

Grants Awarded

Over the last fiscal year, Novant Health Inc has awarded $68,707,962 in support to 37 organizations.

Grant RecipientAmount

NEW HANOVER REGIONAL MEDICAL CENTER FOUNDATION INC

Org PageRecipient Profile

Wilmington, NC

PURPOSE: TO SUPPORT NH NEW HANOVER REGIONAL MEDICAL CENTER

$50,000,000

UNC HEALTH FOUNDATION INC

Org PageRecipient Profile

Chapel Hill, NC

PURPOSE: COMMUNITY OUTREACH

$15,000,000

ROWAN REGIONAL MEDICAL CENTER FOUNDATION INC

Org PageRecipient Profile

Winston Salem, NC

PURPOSE: TO SUPPORT NH ROWAN REGIONAL MEDICAL CENTER

$2,640,000

FOUNDATION FOR THE CAROLINAS

Org PageRecipient Profile

Charlotte, NC

PURPOSE: COMMUNITY OUTREACH

$180,000

QUEEN CITY TEACHING FARM

Org PageRecipient Profile

Charlotte, NC

PURPOSE: COMMUNITY OUTREACH

$90,000

WINSTON-SALEM FOUNDATION

Org PageRecipient Profile

Winstonsalem, NC

PURPOSE: COMMUNITY OUTREACH

$60,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 6 grants that Novant Health Inc has recieved totaling $20,480,414.

Awarding OrganizationAmount
Presbyterian Hospital Foundation

Winston Salem, NC

PURPOSE: TO SUPPORT NH SYSTEM HOSPITALS

$20,426,070
Haven Eileen Kiley Foundation Inc

Davidson, NC

PURPOSE: CASH DONATION

$32,500
Brunswick Novant Medical Center Foundation

Winston Salem, NC

PURPOSE: TO SUPPORT NOVANT HEALTH HOSPITALS

$11,187
Forsyth Medical Center Foundation

Winston Salem, NC

PURPOSE: TO SUPPORT NOVANT HEALTH, INC

$7,057
Pfefferkorn Foundation Inc 6392-1025876301

Winston Salem, NC

PURPOSE: GENERAL SUPPORT

$3,500
The Topfer Family Foundation

Austin, TX

PURPOSE: KIDS WITH POSSABILITIES FUND

$100
View Grant Recipient Profile

Peer Organizations

Organization NameAssets
First Health Of The Carolinas Inc
Pinehurst, NC
$986,400,718
Mary Washington Healthcare
Fredericksburg, VA
$863,388,863
Mountain States Health Alliance
Johnson City, TN
$805,201,599
Baptist Memorial Hospital
Memphis, TN
$770,663,628
Medical Center Of Central Georgia Inc
Macon, GA
$800,413,800
Mcleod Regional Medical Center Of The Pee Dee Inc
Florence, SC
$796,571,278
St Francis Hospital Inc
Greenville, SC
$752,202,599
Phoebe Putney Memorial Hospital Inc
Albany, GA
$712,342,689
Cobb Hospital
Marietta, GA
$857,038,951
Anmed Health
Anderson, SC
$728,404,682
Gaston Memorial Hospital Inc
Gastonia, NC
$665,062,443
University Health Services Inc
Augusta, GA
$598,292,806

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