Novant Health Inc
- Assets
- $4.5b
- Revenue
- $1.0b
- Investments
- $604.4m
- Employees
- 5,793
- Location
- Winston Salem, NC
- Founding
- 08/1984
- Data as of
- 12/2019
- EIN
- 56-1376950
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 12/2019, Novant Health Inc employed 5,793 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2019, Novant Health Inc generated $1.0b in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $963.1m during the year ending 12/2019. While expenses have increased by 4.6% per year over the past 5 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 68 individual grants totaling $5,941,429. 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
2019
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 MORE THAN 1,600 PHYSICIANS AND OVER 29,000 EMPLOYEES WHO MAKE HEALTHCARE REMARKABLE AT NEARLY 700 LOCATIONS, INCLUDING 15 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 (BCH) DBA NOVANT HEALTH BRUNSWICK MEDICAL CENTER, AND NOVANT HEALTH MINT HILL MEDICAL CENTER, LLC (MHMC) DBA NOVANT HEALTH MINT HILL MEDICAL CENTER EXIST TO PROMOTE THE HEALTH OF THE INHABITANTS OF THE BRUNSWICK AND MECKLENBURG COUNTIES OF NC RESPECTIVELY, REGARDLESS OF THE PATIENT'S ABILITY TO PAY. DURING 2019, THE HOSPITALS HAD 110 LICENSED BEDS. THERE WERE 22,467 PATIENT DAYS, WITH AN AVERAGE LENGTH OF STAY OF 3 DAYS, AND AN AVERAGE DAILY CENSUS OF 41. THERE WERE 6,768 DISCHARGES, 121,764 INPATIENT AND OUTPATIENT ENCOUNTERS, AND 55,535 EMERGENCY DEPARTMENT VISITS.
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 2019, THERE WERE 77,671 OUTPATIENT ENCOUNTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Armato Carl Pres & CEO Nh / Trustee | OfficerTrustee | 50 | $4,062,082 |
Hargett Fred Evp & CFO | Officer | 50 | $2,221,521 |
Lindsay Jeffery Evp | Officer | 50 | $2,114,621 |
Mihal Denise Evp - Cno/clin Ops | Officer | 50 | $1,694,262 |
Eskioglu Eric SVP | Officer | 50 | $1,486,640 |
Cureton Jesse Evp | Officer | 50 | $1,456,276 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Crothall Health Care Inc Facility Services | 12/30/19 | $29,841,248 |
Epic Systems Corporation It Consulting | 12/30/19 | $7,892,379 |
Morrison Healthcare Food Management Services | 12/30/19 | $6,791,713 |
Vannoy Construction Construction Services | 12/30/19 | $80,492,235 |
Mymove Llc Marketing Services | 12/30/19 | $6,194,005 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $709,070 |
| Government grants | $267,010 |
| 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 | $976,080 |
| Total Program Service Revenue | $845,093,935 |
| Investment income | $60,667,707 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,352,260 |
| Net Gain/Loss on Asset Sales | $80,269,072 |
| Net Income from Fundraising Events | $27,812 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $16,476 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,019,396,293 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,009,614 |
| Grants and other assistance to domestic individuals. | $3,416 |
| Grants and other assistance to Foreign Orgs/Individuals | $11,706 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $31,115,719 |
| Compensation of current officers, directors, key employees. | $31,115,719 |
| Compensation to disqualified persons | $7,749,021 |
| Other salaries and wages | $356,452,281 |
| Pension plan accruals and contributions | $49,653,779 |
| Other employee benefits | $39,826,814 |
| Payroll taxes | $25,845,618 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,477,528 |
| Fees for services: Accounting | $1,486,605 |
| Fees for services: Lobbying | $128,913 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,174,503 |
| Fees for services: Other | $78,472,009 |
| Advertising and promotion | $16,204,552 |
| Office expenses | $14,501,624 |
| Information technology | $37,295,169 |
| Royalties | $0 |
| Occupancy | $56,776,101 |
| Travel | $5,592,917 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $687,455 |
| Interest | $26,296,430 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $107,700,046 |
| Insurance | $3,383,485 |
| All other expenses | $33,381,288 |
| Total functional expenses | $963,052,061 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $226,361,383 |
| Savings and temporary cash investments | $239,405,240 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $95,641,152 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $19,651,072 |
| Inventories for sale or use | $17,279,355 |
| Prepaid expenses and deferred charges | $40,906,659 |
| Net Land, buildings, and equipment | $963,431,566 |
| Investments—publicly traded securities | $2,048,183,272 |
| Investments—other securities | $604,426,116 |
| Investments—program-related | $6,344,494 |
| Intangible assets | $8,185,288 |
| Other assets | $254,388,159 |
| Total assets | $4,524,203,756 |
| Accounts payable and accrued expenses | $296,810,887 |
| Grants payable | $0 |
| Deferred revenue | $20,933,971 |
| Tax-exempt bond liabilities | $897,077,999 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $339,997,328 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,849,265,073 |
| Total liabilities | $4,404,085,258 |
| Net assets without donor restrictions | $120,118,498 |
| Net assets with donor restrictions | $0 |
| 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 | $4,524,203,756 |
Grants Awarded
Over the last fiscal year, Novant Health Inc has awarded $1,921,996 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
Winston Salem, NC PURPOSE: COMMUNITY OUTREACH | $1,055,646 |
Winstonsalem, NC PURPOSE: COMMUNITY OUTREACH | $440,000 |
Charlotte, NC PURPOSE: COMMUNITY OUTREACH | $125,000 |
Columbus, OH PURPOSE: COMMUNITY OUTREACH | $50,000 |
Dallas, TX PURPOSE: COMMUNITY OUTREACH | $41,480 |
Raleigh, NC PURPOSE: COMMUNITY OUTREACH | $40,000 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Novant Health Inc has recieved totaling $769,926.
| Awarding Organization | Amount |
|---|---|
Forsyth Medical Center Foundation Winston Salem, NC PURPOSE: TO SUPPORT CARE CONNECTIONS PHARMACY AND OTHER VARIOUS PROGRAMS | $582,372 |
Presbyterian Hospital Foundation Winston Salem, NC PURPOSE: TO SUPPORT NH MINT HILL MEDICAL CENTER | $126,698 |
Committee Of 100 Inc New York, NY PURPOSE: COVID 19 SUPPORT | $43,256 |
Lung Cancer Initiative Raleigh, NC PURPOSE: LUNG CANCER RESEARCH | $10,000 |
Peninsula Community Foundation Cornelius, NC PURPOSE: COMMUNITY HEALTH | $7,500 |
The Topfer Family Foundation Austin, TX PURPOSE: TO SUPPORT GENERAL OPERATING EXPENSES | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Piedmont Hospital Incorporated Atlanta, GA | $1,763,549,225 | $1,110,027,803 |
Novant Health Inc Winston Salem, NC | $4,524,203,756 | $1,019,396,293 |
First Health Of The Carolinas Inc Pinehurst, NC | $1,102,145,516 | $863,866,293 |
Medical Center Of Central Georgia Inc Macon, GA | $1,263,100,131 | $832,091,905 |
Mountain States Health Alliance Johnson City, TN | $556,120,495 | $805,201,599 |
Baptist Memorial Hospital Memphis, TN | $691,981,947 | $770,663,628 |
Mary Washington Healthcare Fredericksburg, VA | $475,223,962 | $734,167,988 |
Mcleod Regional Medical Center Of The Pee Dee Inc Florence, SC | $2,078,619,232 | $784,112,194 |
Cobb Hospital Marietta, GA | $377,533,901 | $772,795,328 |
Anmed Health Anderson, SC | $994,127,214 | $617,480,348 |
St Francis Hospital Inc Greenville, SC | $633,107,261 | $652,974,792 |
Phoebe Putney Memorial Hospital Inc Albany, GA | $628,719,272 | $582,911,494 |