Novant Health Inc
SEE SCHEDULE O
IRS Tax Year 2024
Period ending December 31, 2024
Total Revenue
$6.5B
Total Expenses
$6.2B
Net Assets
$863.3M
Employees
33,786
Volunteers
1,432
Grants Paid
$22.0M
Program Expense Ratio
76.1%
This nonprofit profile presents IRS Form 990 tax filing data for Novant Health Inc (EIN: 56-1376950), based on the 2024 tax year annual return filed with the Internal Revenue Service.
Sections below include financial summaries (revenue, expenses, and net assets), program accomplishments, officer and key employee compensation, detailed executive pay breakdowns, top independent contractors, governance policies and audit information, related tax-exempt organizations. All figures are reported in USD as filed.
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Financial Health
Transparency
Compensation
Program Effectiveness
Financial Stability
Risk Flags
Indicators derived from IRS Form 990 data. Not financial advice.
Novant Health Inc is a 501(c)(3) nonprofit headquartered in WINSTON SALEM, NC, founded in 1997. It is classified under NTEE code E22 (General Hospitals), within the Healthcare category. The organization has held tax-exempt status since 2020. In its 2024 filing, the organization reported $6.5B in total revenue, a 62.9% increase from the prior year, and $6.2B in total expenses. The organization employed 33,786 people and engaged 1,432 volunteers. CARL ARMATO, TRUSTEE, PRES/CEO NH, is the highest-compensated individual at $8,150,937. The organization runs 3 programs, totaling $4.7B in program expenses. 6 of 6 recommended governance policies are in place. Executive benefits include first-class travel, companion travel, housing allowance, discretionary spending.
Novant Health Inc is classified under NTEE code E22 (General Hospitals), which falls within the Healthcare category. Its foundation type is 12.
Programs(Tax Year 2024)
3 records
Novant Health Inc operates 3 programs, with total program expenses of $4.7B. Novant Health Inc's largest program accounts for 76% of total program spending.
NOVANT HEALTH, INC. IS THE PARENT ORGANIZATION OF A NON-PROFIT INTEGRATED GROUP OF HOSPITALS, PHYSICIAN CLINICS, OUTPATIENT CENTERS, AND OTHER HEALTHCARE SERVICE PROVIDERS (COLLECTIVELY KNOWN AS "NOVANT HEALTH"). NOVANT HEALTH CONSISTS OF OVER 8,500 INDEPENDENT AND EMPLOYED CLINICIANS AND OVER 40,000 TEAM MEMBERS WHO MAKE HEALTHCARE REMARKABLE AT MORE THAN 900 LOCATIONS, INCLUDING 19 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.
THE FILING ORGANIZATION OPERATES SEVERAL HOSPITALS WHICH EXIST TO PROMOTE THE HEALTH OF THE INHABITANTS OF THEIR RESPECTIVE COMMUNITIES, REGARDLESS OF THE PATIENT'S ABILITY TO PAY. DURING 2024, THE HOSPITALS HAD 1,824 LICENSED BEDS. THERE WERE 454,670 PATIENT DAYS, WITH AN AVERAGE LENGTH OF STAY OF 6 DAYS, AND AN AVERAGE DAILY CENSUS OF 1,252. THERE WERE 93,458 DISCHARGES, 979,042 OUTPATIENT ENCOUNTERS, 87,787 SURGERIES, AND 420,234 EMERGENCY DEPARTMENT VISITS.
THE FILING ORGANIZATION OPERATES SEVERAL SURGERY CENTERS WHICH SERVE THE COMMUNITY BY PROVIDING ACCESS TO MUCH NEEDED HEALTHCARE SERVICES, REGARDLESS OF THE PATIENT'S ABILITY TO PAY. DURING 2024, 6,098 SURGERIES AND 11,197 ENDOSCOPY PROCEDURES WERE PERFORMED.
Financial Overview(Tax Years 2019–2024)
6 records
Over the past 6 years, Novant Health Inc's revenue has grown from $1.0B to $6.5B, a 541.8% increase. Program expenses represent 76% of total spending.
Revenue increased 62.9% year-over-year, while expenses grew 58.7%. net assets fell to $863.3M, down 76.8% from the prior year. the organization added 13,102 employees.
Novant Health Inc derives 1% from contributions and grants, with 95% from program services, with 3% from investment income.
Revenue is heavily concentrated: 95% comes from program service revenue, indicating limited diversification.
Novant Health Inc allocates 76% to programs, 24% to management and general.
Revenue grew by 62.9% and expenses grew by 58.7% year over year.
Novant Health Inc distributed $22.0M in grants to other organizations and individuals, representing 0% of total expenses.
Over 6 filings from 2019–2024, Novant Health Inc grew revenue from $1.0B to $6.5B (+541.8%) while maintaining a program expense ratio of 76%. During this period, the organization grew from 5,793 to 33,786 employees.
Novant Health Inc holds $14.6B in total assets against $13.7B in liabilities (debt-to-asset ratio of 94%). The organization has 1.7 months of operating reserves. Cash and equivalents of $405.9M cover approximately 0.8 months of expenses.
Revenue
| Year | Total Revenue | Contributions | Gov't Grants | Program Revenue | Investment |
|---|---|---|---|---|---|
| 2024 | $6.5B | $75.6M | $65.4M | $6.2B | $181.8M |
| 2023 | $4.0B | $16.1M | $6.8M | $3.8B | $98.1M |
| 2022 | $3.2B | $14.5M | $10.9M | $3.0B | $84.5M |
| 2021 | $2.8B | $32.8M | $11.4M | $2.4B | $323.8M |
| 2020 | $1.1B | $17.5M | $13.5M | $949.5M | $73.1M |
| 2019 | $1.0B | $976K | $267K | $845.1M | $140.9M |
Expenses
| Year | Total Expenses | Program | Management | Fundraising | Grants Paid |
|---|---|---|---|---|---|
| 2024 | $6.2B | $4.7B | $1.5B | $0 | $22.0M |
| 2023 | $3.9B | $2.9B | $835.4M | $0 | $20.3M |
| 2022 | $3.2B | $2.4B | $806.8M | $0 | $19.1M |
| 2021 | $2.6B | $2.0B | $603.1M | $0 | $69.1M |
| 2020 | $1.0B | $736.9M | $305.2M | $0 | $1.9M |
| 2019 | $963.1M | $645.8M | $317.2M | $0 | $2.0M |
Program Expense Ratio
76.1%
Admin Expense Ratio
23.9%
Fundraising Efficiency
—
Operating Reserve
1.7 mo
People & Compensation(Tax Year 2024)
44 records
Novant Health Inc reported compensation for 44 officers and key employees. Total officer compensation was $46.5M, representing 0.8% of total expenses. 25 individuals received total compensation exceeding $500,000.
Novant Health Inc's highest-compensated individual received $8.2M in total compensation. Total officer compensation of $46.5M represents 0.8% of total expenses. 20 individuals received total compensation exceeding $1,000,000.
| Name | Title | Type | Hours/wk | Comp from Org | Related Orgs | Total |
|---|---|---|---|---|---|---|
| CARL ARMATO | TRUSTEE, PRES/CEO NH | OfficerDirector | 50.20 | $6,943,831 | $0 | $8,150,937 |
| JAMES DEAN SWINDLE | EVP | Key Employee | 50.00 | $3,290,733 | $0 | $3,332,017 |
| HOWARD HOMESLEY MD | ORTHOPAEDIST | Highest Comp | 45.00 | $2,983,719 | $0 | $3,041,190 |
| JOHN GIZDIC | EVP | Key Employee | 50.00 | $2,208,311 | $0 | $2,477,807 |
| DEREK BERNSTEIN MD | ORTHOPAEDIST | Highest Comp | 45.00 | $2,120,243 | $0 | $2,152,664 |
| JOHN MARCEL MD | ORTHOPAEDIST | Highest Comp | 45.00 | $2,086,151 | $0 | $2,118,560 |
| DAVID DUVALL | FMR SVP MARKETING & COMMUNICATIONS | Highest Comp | 45.00 | $2,118,253 | $0 | $2,118,253 |
| PAMELA OLIVER MD | EVP | Key Employee | 50.00 | $1,825,710 | $0 | $2,064,352 |
| RASHID JANJUA MD | NEUROSURGEON | Highest Comp | 45.00 | $1,981,921 | $0 | $2,039,351 |
| DENISE MIHAL | EVP | Key Employee | 50.00 | $1,983,433 | $0 | $2,025,143 |
| FRANK EMORY JR | EVP | Key Employee | 50.00 | $1,881,321 | $0 | $1,934,787 |
| KIMBERLY HENDERSON | EVP | Key Employee | 50.00 | $1,421,376 | $0 | $1,620,829 |
| ONYEKA NCHEGE | EVP | Key Employee | 50.00 | $1,287,464 | $0 | $1,485,598 |
| GEOFFREY GARDNER | CFO (TO 4/28/24) | Officer | 50.00 | $1,254,252 | $0 | $1,299,330 |
| ALICE POPE | EVP/CFO (FR 4/29/24) | Officer | 50.00 | $991,687 | $0 | $1,175,156 |
| SANJAY GUPTA | EVP | Key Employee | 50.00 | $891,331 | $0 | $1,080,980 |
| CHERE GREGORY MD | FMR KE | Former | 50.00 | $938,101 | $0 | $1,071,824 |
| JESSE CURETON | FMR KE | Former | — | $1,039,476 | $0 | $1,065,171 |
| THOMAS JENIKE MD | FMR KE | Former | 50.00 | $897,741 | $0 | $1,039,660 |
| SCOTT MYERS | FMR KE | Former | 50.00 | $961,680 | $0 | $1,002,363 |
| LAURIE WHALIN | FMR KE | Former | 50.00 | $796,515 | $0 | $833,136 |
| ALLISON GREEAR | FMR KE | Former | 50.00 | $619,144 | $0 | $657,359 |
| KATHRYN LANGFORD | FMR KE | Former | 50.00 | $635,562 | $0 | $650,924 |
| SHELBOURN STEVENS | FMR KE | Former | — | $605,812 | $0 | $629,875 |
| JONATHAN APPLEBAUM | FMR KE | Former | 50.00 | $561,807 | $0 | $607,537 |
| WAYNE MORGAN | FMR KE | Former | 50.00 | $330,242 | $0 | $343,376 |
| ANGELA YOCHEM | FMR KE | Former | — | $224,358 | $0 | $225,285 |
| TANYA BLACKMON | FMR KE | Former | — | $121,461 | $0 | $124,570 |
| ERIC ESKIOGLU MD | FMR KE | Former | — | $100,800 | $0 | $105,022 |
| LAURA SCHULTE | CHAIR | OfficerDirector | 0.50 | $725 | $0 | $725 |
| DEBORAH ALLY | TRUSTEE (TO 12/31/24) | Director | 0.20 | $725 | $0 | $725 |
| BRIAN ECKEL | TRUSTEE | Director | 0.20 | $725 | $0 | $725 |
| IAN MCDONALD | TRUSTEE | Director | 0.20 | $0 | $0 | $0 |
| ROBERT BARR MD | TRUSTEE (TO 12/31/24) | Director | 0.20 | $0 | $0 | $0 |
| JASON THOMPSON | TRUSTEE | Director | 0.20 | $0 | $0 | $0 |
| JAMES AMOS | SECRETARY/TREASURER | OfficerDirector | 0.50 | $0 | $0 | $0 |
| CHRISTINE KATZIFF | VICE CHAIR | OfficerDirector | 0.50 | $0 | $0 | $0 |
| CHARLES HAUSER | TRUSTEE (FR 1/1/24) | Director | 0.20 | $0 | $0 | $0 |
| ALVARO DE MOLINA | TRUSTEE | Director | 0.20 | $0 | $0 | $0 |
| BEVERLY MOOSE MD | TRUSTEE | Director | 0.20 | $0 | $0 | $0 |
| BRANDON ADCOCK | TRUSTEE | Director | 0.20 | $0 | $0 | $0 |
| CHRISTOPHER DUGGINS MD | TRUSTEE | Director | 0.20 | $0 | $0 | $0 |
| DAVID KING | TRUSTEE | Director | 0.20 | $0 | $0 | $0 |
| ELWOOD ROBINSON PHD | TRUSTEE | Director | 0.20 | $0 | $0 | $0 |
Compensation Breakdown
Schedule J detail — base, bonus, benefits, and executive perks
CARL ARMATO
Base Salary
$2,359,788
Bonus
$2,860,931
Other Reportable
$1,723,112
Retirement/Deferred
$1,170,700
Nontaxable Benefits
$36,406
Executive Perks
JAMES DEAN SWINDLE
Base Salary
$1,231,959
Bonus
$1,847,150
Other Reportable
$211,624
Retirement/Deferred
$11,956
Nontaxable Benefits
$29,328
Executive Perks
HOWARD HOMESLEY MD
Base Salary
$1,900,601
Bonus
$1,055,939
Other Reportable
$27,179
Retirement/Deferred
$20,700
Nontaxable Benefits
$36,771
Executive Perks
JOHN GIZDIC
Base Salary
$1,146,246
Bonus
$1,007,163
Other Reportable
$54,902
Retirement/Deferred
$239,662
Nontaxable Benefits
$29,834
Executive Perks
DEREK BERNSTEIN MD
Base Salary
$1,478,112
Bonus
$616,533
Other Reportable
$25,598
Retirement/Deferred
$20,700
Nontaxable Benefits
$11,721
Executive Perks
JOHN MARCEL MD
Base Salary
$1,235,456
Bonus
$825,026
Other Reportable
$25,669
Retirement/Deferred
$20,700
Nontaxable Benefits
$11,709
Executive Perks
DAVID DUVALL
Base Salary
$2,118,253
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Executive Perks
PAMELA OLIVER MD
Base Salary
$877,182
Bonus
$762,827
Other Reportable
$185,701
Retirement/Deferred
$203,220
Nontaxable Benefits
$35,422
Executive Perks
RASHID JANJUA MD
Base Salary
$863,640
Bonus
$1,094,586
Other Reportable
$23,695
Retirement/Deferred
$20,509
Nontaxable Benefits
$36,921
Executive Perks
DENISE MIHAL
Base Salary
$878,062
Bonus
$871,473
Other Reportable
$233,898
Retirement/Deferred
$20,700
Nontaxable Benefits
$21,010
Executive Perks
FRANK EMORY JR
Base Salary
$828,360
Bonus
$826,334
Other Reportable
$226,627
Retirement/Deferred
$20,700
Nontaxable Benefits
$32,766
Executive Perks
KIMBERLY HENDERSON
Base Salary
$807,422
Bonus
$498,449
Other Reportable
$115,505
Retirement/Deferred
$168,921
Nontaxable Benefits
$30,532
Executive Perks
ONYEKA NCHEGE
Base Salary
$697,459
Bonus
$411,703
Other Reportable
$178,302
Retirement/Deferred
$154,602
Nontaxable Benefits
$43,532
Executive Perks
GEOFFREY GARDNER
Base Salary
$457,268
Bonus
$732,220
Other Reportable
$64,764
Retirement/Deferred
$20,700
Nontaxable Benefits
$24,378
Executive Perks
ALICE POPE
Base Salary
$824,247
Bonus
—
Other Reportable
$167,440
Retirement/Deferred
$173,333
Nontaxable Benefits
$10,136
Executive Perks
SANJAY GUPTA
Base Salary
$709,454
Bonus
$150,000
Other Reportable
$31,877
Retirement/Deferred
$154,602
Nontaxable Benefits
$35,047
Executive Perks
CHERE GREGORY MD
Base Salary
$497,260
Bonus
$345,889
Other Reportable
$94,952
Retirement/Deferred
$96,688
Nontaxable Benefits
$37,035
Executive Perks
JESSE CURETON
Base Salary
—
Bonus
$364,198
Other Reportable
$675,278
Retirement/Deferred
—
Nontaxable Benefits
$25,695
Executive Perks
THOMAS JENIKE MD
Base Salary
$446,390
Bonus
$338,229
Other Reportable
$113,122
Retirement/Deferred
$93,318
Nontaxable Benefits
$48,601
Executive Perks
SCOTT MYERS
Base Salary
$489,278
Bonus
$353,030
Other Reportable
$119,372
Retirement/Deferred
$20,700
Nontaxable Benefits
$19,983
Executive Perks
LAURIE WHALIN
Base Salary
$465,787
Bonus
$291,496
Other Reportable
$39,232
Retirement/Deferred
$20,700
Nontaxable Benefits
$15,921
Executive Perks
ALLISON GREEAR
Base Salary
$366,358
Bonus
$212,002
Other Reportable
$40,784
Retirement/Deferred
$20,700
Nontaxable Benefits
$17,515
Executive Perks
KATHRYN LANGFORD
Base Salary
$162,155
Bonus
$368,409
Other Reportable
$104,998
Retirement/Deferred
$10,643
Nontaxable Benefits
$4,719
Executive Perks
SHELBOURN STEVENS
Base Salary
—
Bonus
—
Other Reportable
$605,812
Retirement/Deferred
—
Nontaxable Benefits
$24,063
Executive Perks
JONATHAN APPLEBAUM
Base Salary
$303,859
Bonus
$216,412
Other Reportable
$41,536
Retirement/Deferred
$20,012
Nontaxable Benefits
$25,718
Executive Perks
WAYNE MORGAN
Base Salary
$77,892
Bonus
$237,120
Other Reportable
$15,230
Retirement/Deferred
$4,829
Nontaxable Benefits
$8,305
Executive Perks
ANGELA YOCHEM
Base Salary
—
Bonus
—
Other Reportable
$224,358
Retirement/Deferred
—
Nontaxable Benefits
$927
Executive Perks
TANYA BLACKMON
Base Salary
—
Bonus
—
Other Reportable
$121,461
Retirement/Deferred
—
Nontaxable Benefits
$3,109
Executive Perks
ERIC ESKIOGLU MD
Base Salary
—
Bonus
—
Other Reportable
$100,800
Retirement/Deferred
—
Nontaxable Benefits
$4,222
Executive Perks
Top Contractors(Tax Year 2024)
5 records
Novant Health Inc reported 5 contractors receiving over $100,000, with total contractor payments of $331.1M.
| Name | Service | Compensation |
|---|---|---|
| RJ LEEPER CONSTRUCTION | CONSTRUCTION SERVICES | $125,782,799 |
| VANNOY CONSTRUCTION | CONSTRUCTION SERVICES | $60,191,701 |
| AYA HEALTHCARE INC | STAFFING SERVICES | $52,956,936 |
| MCKINSEY & COMPANY | CONSULTING SERVICES | $52,604,000 |
| EPIC SYSTEMS CORPORATION | IT CONSULTING SERVICES | $39,525,969 |
Governance & Compliance(Tax Year 2024)
Novant Health Inc has 6 of 6 recommended governance policies in place, including conflict of interest, whistleblower, document retention. Its board has 16 members, 14 of whom are independent.
Novant Health Inc's financial statements are audited, an audit committee oversees the process, the organization is subject to a federal grant audit (Single Audit).
Novant Health Inc has family or business relationships among officers, directors, or key employees.
Policies & Oversight
Audit & Financial Oversight
Insider Transactions(Tax Year 2024)
11 records
CARL ARMATO — TRUSTEE & OFFICER
Unknown person — FAMILY MEMBER OF CARL ARMATO, TRUSTEE & OFFICER
Unknown person — FAMILY MEMBER OF JESSE CURETON, FORMER KEY EMPLOYEE
Unknown person — FAMILY MEMBER OF CARL ARMATO, TRUSTEE & OFFICER
Unknown person — FAMILY MEMBER OF TANYA BLACKMON, FORMER KEY EMPLOYEE
Unknown person — FAMILY MEMBER OF FRANK EMORY JR., KEY EMPLOYEE
Unknown person — FAMILY MEMBER OF SCOTT MYERS, FORMER KEY EMPLOYEE
Unknown person — FAMILY MEMBER OF KIMBERLY HENDERSON, KEY EMPLOYEE
Unknown person — FAMILY MEMBER OF SCOTT MYERS, FORMER KEY EMPLOYEE
Unknown person — FAMILY MEMBER OF CARL ARMATO, TRUSTEE & OFFICER
Unknown person — FAMILY MEMBER OF JESSE CURETON, FORMER KEY EMPLOYEE
Grants Awarded(Tax Year 2024)
81 records
Novant Health Inc awarded $19.5M across 77 grants to organizations. Top recipients include UNC HEALTH FOUNDATION INC (CHAPEL HILL, NC) — $16.4M for academic and clinical support; COASTAL COMMUNITY DEVELOPMENT CORPORATION (HILTON HEAD ISLAND, SC) — $1.0M for affordable workforce housing support; WINSTON-SALEM FOUNDATION (WINSTONSALEM, NC) — $675K for community outreach. The organization also provided grants to individuals (32,514 recipients) totaling $235K, including patient transportation, medication for indigent patients, scholarships, patient assistance.
Organization Grants
| Recipient | Location | Amount | Purpose |
|---|---|---|---|
| UNC HEALTH FOUNDATION INC566057494 | CHAPEL HILL, NC | $16.4M | ACADEMIC AND CLINICAL SUPPORT |
| COASTAL COMMUNITY DEVELOPMENT CORPORATION921171294 | HILTON HEAD ISLAND, SC | $1.0M | AFFORDABLE WORKFORCE HOUSING SUPPORT |
| WINSTON-SALEM FOUNDATION566037615 | WINSTONSALEM, NC | $675K | COMMUNITY OUTREACH |
| MECKLENBURG COUNTY566000319 | CHARLOTTE, NC | $160K | COMMUNITY OUTREACH |
| AMERICAN HEART ASSOCIATION INC135613797 | DALLAS, TX | $75K | COMMUNITY OUTREACH |
| CAPE FEAR HABITAT FOR HUMANITY HOUSE BUILD561555858 | WILMINGTON, NC | $60K | AFFORDABLE HOUSING SUPPORT |
| YOUNG MEN'S CHRISTIAN ASSOCIATION OF NORTHWEST NORTH CAROLINA560530015 | WINSTONSALEM, NC | $50K | COMMUNITY OUTREACH |
| WINGATE UNIVERSITY566049935 | WINGATE, NC | $50K | WORKFORCE DEVELOPMENT SUPPORT |
| MATTHEWS FREE MEDICAL CLINIC510468874 | MATTHEWS, NC | $50K | COMMUNITY OUTREACH |
| ROWAN COUNTY UNITED WAY INC560642828 | SALISBURY, NC | $46K | COMMUNITY OUTREACH |
| WILLIE STARGELL FOUNDATION INC201131483 | WILMINGTON, NC | $40K | COMMUNITY OUTREACH |
| FOUNDATION FOR THE CAROLINAS566047886 | CHARLOTTE, NC | $30K | COMMUNITY OUTREACH |
| MARCH OF DIMES INC131846366 | ARLINGON, VA | $30K | COMMUNITY OUTREACH |
| PARTNERS IN LEARNING CHILD DEVELOPMENT AND FAMILY RESOURCE CENTER562116380 | SALISBURY, NC | $30K | COMMUNITY OUTREACH |
| MATTHEWS ALIVE INC561906522 | MATTHEWS, NC | $27K | COMMUNITY OUTREACH |
| PENDER MEMORIAL HOSPITAL INCORPORATED560653348 | WINSTON SALEM, NC | $26K | COMMUNITY OUTREACH |
| BRUNSWICK COUNTY CHAMBER OF COMMERCE561181498 | SHALLOTTE, NC | $25K | COMMUNITY OUTREACH |
| COLLECTIVE IMPACT IN NEW HANOVER COUNTY INC833263326 | WILMINGTON, NC | $25K | COMMUNITY OUTREACH |
| ROWAN HELPING MINISTRIES561544532 | SALISBURY, NC | $25K | COMMUNITY OUTREACH |
| GREATER WILMINGTON CHAMBER OF COMMERCE560457260 | WILMINGTON, NC | $24K | COMMUNITY OUTREACH |
Showing 20 of 77 grants.
Grants to Individuals
| Type | Recipients | Amount |
|---|---|---|
| PATIENT TRANSPORTATION | 30,618 | — |
| MEDICATION FOR INDIGENT PATIENTS | 28 | — |
| SCHOLARSHIPS | 8 | $189K |
| PATIENT ASSISTANCE | 1,860 | $46K |
Fundraising & Events(Tax Year 2024)
Novant Health Inc held fundraising events including First uniform ($7K) and Fleet feet ($20K).
Named Events
first uniform
Gross: $7,061
fleet feet
Gross: $20,354
Foreign Activities(Tax Year 2024)
Activities span CENTRAL AMERICA AND THE CARIBBEAN, EUROPE, NORTH AMERICA, SUB-SAHARAN AFRICA.
Regions & Countries
| Region / Country | Activity | Expenditure |
|---|---|---|
| CENTRAL AMERICA AND THE CARIBBEAN | — | — |
| EUROPE | — | — |
| NORTH AMERICA | — | — |
| SUB-SAHARAN AFRICA | — | — |
Supplemental Financial Data(Tax Year 2024)
The endowment stands at $443K, with $158K in new contributions.
Filing History(Tax Years 2019–2024)
6 records
Showing the 6 Form 990 filings currently in our system.
| Tax Year | Form | Period | Revenue | Expenses | Net Assets |
|---|---|---|---|---|---|
| 2024 | 990 | 2024-01-01 – 2024-12-31 | $6.5B | $6.2B | $863.3M |
| 2023 | 990 | 2023-01-01 – 2023-12-31 | $4.0B | $3.9B | $3.7B |
| 2022 | 990 | 2022-01-01 – 2022-12-31 | $3.2B | $3.2B | $2.1B |
| 2021 | 990 | 2021-01-01 – 2021-12-31 | $2.8B | $2.6B | $2.3B |
| 2020 | 990 | 2020-01-01 – 2020-12-31 | $1.1B | $1.0B | $281.3M |
| 2019 | 990 | 2019-01-01 – 2019-12-31 | $1.0B | $963.1M | $120.1M |
Frequently Asked Questions
What does Novant Health Inc do?
SEE SCHEDULE O
How much revenue does Novant Health Inc have?
Novant Health Inc reported $6,542,888,138 in total revenue for tax year 2024, up 62.9% from the prior year.
Who is the highest-paid executive at Novant Health Inc?
CARL ARMATO, TRUSTEE, PRES/CEO NH, received $8,150,937 in total compensation as of tax year 2024.
Is Novant Health Inc a 501(c)(3)?
Yes, Novant Health Inc is classified as a 501(c)(3) tax-exempt organization.
Where is Novant Health Inc located?
Novant Health Inc is headquartered in WINSTON SALEM, NC 27103.
How many employees does Novant Health Inc have?
Novant Health Inc has 33,786 employees and 1,432 volunteers as of tax year 2024.
What type of nonprofit is Novant Health Inc?
Novant Health Inc is classified under NTEE code E22 (General Hospitals), within the Healthcare category. It is a 501(c)(3) tax-exempt organization.
Is Novant Health Inc audited?
Yes, Novant Health Inc's financial statements are audited, and the organization has an audit committee.
Does Novant Health Inc give grants?
Yes, Novant Health Inc distributed $22,009,853 in grants to other organizations and individuals in tax year 2024. Top recipients include UNC HEALTH FOUNDATION INC, COASTAL COMMUNITY DEVELOPMENT CORPORATION, WINSTON-SALEM FOUNDATION.
Does Novant Health Inc operate internationally?
Yes, Novant Health Inc conducts activities outside the United States. Activities span CENTRAL AMERICA AND THE CARIBBEAN, EUROPE, NORTH AMERICA, SUB-SAHARAN AFRICA.
Does Novant Health Inc hold fundraising events?
Novant Health Inc reports fundraising event activities.
Data Source
Prepared by: ERNST & YOUNG US LLP, ATLANTA, GA
IRS Form 990 electronic filings via the IRS Exempt Organizations Business Master File. All financial figures are as reported in USD.
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