Rowan Regional Medical Center Inc
DBA: NOVANT HEALTH ROWAN MEDICAL CENTER
SEE SCHEDULE O
IRS Tax Year 2021
Period ending December 31, 2021
Total Revenue
$304.6M
Total Expenses
$297.2M
Net Assets
$44.9M
Employees
1,590
Volunteers
62
Grants Paid
$446K
Program Expense Ratio
80.7%
This nonprofit profile presents IRS Form 990 tax filing data for Rowan Regional Medical Center Inc (EIN: 56-0547479), based on the 2021 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.
Rowan Regional Medical Center Inc is a 501(c)(3) nonprofit headquartered in WINSTON SALEM, NC, founded in 1933. In its 2021 filing, the organization reported $304.6M in total revenue, a 14.8% increase from the prior year, and $297.2M in total expenses. The organization employed 1,590 people and engaged 62 volunteers. WEEMS II LARRY, SVP CHIEF CLINICAL OFFICER, is the highest-compensated individual at $887,361. The organization runs 1 program, totaling $239.9M in program expenses. 4 of 6 recommended governance policies are in place. Executive benefits include first-class travel, companion travel, housing allowance, discretionary spending.
Programs(Tax Year 2021)
1 record
Rowan Regional Medical Center Inc operates 1 program, with total program expenses of $239.9M. Rowan Regional Medical Center Inc's largest program accounts for 100% of total program spending.
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.
Financial Overview(Tax Years 2019–2021)
3 records
Over the past 3 years, Rowan Regional Medical Center Inc's revenue has grown from $238.0M to $304.6M, a 28.0% increase. Program expenses represent 81% of total spending.
Revenue increased 14.8% year-over-year, while expenses grew 12.1%. net assets rose to $44.9M, up 18.4% from the prior year. the organization added 96 employees.
Rowan Regional Medical Center Inc derives 5% from contributions and grants, with 94% from program services, with 0% from investment income.
Revenue is heavily concentrated: 94% comes from program service revenue, indicating limited diversification.
Rowan Regional Medical Center Inc allocates 81% to programs, 19% to management and general.
Revenue grew by 14.8% and expenses grew by 12.1% year over year.
Rowan Regional Medical Center Inc distributed $446K in grants to other organizations and individuals, representing 0% of total expenses.
Over 3 filings from 2019–2021, Rowan Regional Medical Center Inc grew revenue from $238.0M to $304.6M (+28.0%) while maintaining a program expense ratio of 81%. During this period, the organization grew from 1,439 to 1,590 employees.
Rowan Regional Medical Center Inc holds $153.4M in total assets against $108.6M in liabilities (debt-to-asset ratio of 71%). The organization has 1.8 months of operating reserves. Cash and equivalents of $95K cover approximately 0.0 months of expenses.
Revenue
| Year | Total Revenue | Contributions | Gov't Grants | Program Revenue | Investment |
|---|---|---|---|---|---|
| 2021 | $304.6M | $14.5M | $1.3M | $287.3M | $422K |
| 2020 | $265.4M | $12.7M | $11.3M | $251.5M | $43K |
| 2019 | $238.0M | $1.0M | $0 | $236.4M | $-526K |
Expenses
| Year | Total Expenses | Program | Management | Fundraising | Grants Paid |
|---|---|---|---|---|---|
| 2021 | $297.2M | $239.9M | $57.3M | $0 | $446K |
| 2020 | $265.1M | $213.7M | $51.5M | $0 | $394K |
| 2019 | $239.6M | $190.2M | $49.4M | $0 | $218K |
Program Expense Ratio
80.7%
Admin Expense Ratio
19.3%
Fundraising Efficiency
—
Operating Reserve
1.8 mo
People & Compensation(Tax Year 2021)
28 records
Rowan Regional Medical Center Inc reported compensation for 28 officers and key employees. Total officer compensation was $4.8M, representing 1.6% of total expenses. 3 individuals received total compensation exceeding $500,000.
Rowan Regional Medical Center Inc's highest-compensated individual received $887K in total compensation. Total officer compensation of $4.8M represents 1.6% of total expenses. 3 individuals received total compensation exceeding $500,000.
| Name | Title | Type | Hours/wk | Comp from Org | Related Orgs | Total |
|---|---|---|---|---|---|---|
| WEEMS II LARRY | SVP CHIEF CLINICAL OFFICER | Key Employee | 12.50 | $773,088 | $0 | $887,361 |
| BRINKLEY WILLIAM | ONCOLOGIST | Highest Comp | 45.00 | $480,297 | $0 | $528,805 |
| BLABON GARY | PRESIDENT & COO/TRUSTEE | OfficerDirector | 50.00 | $464,161 | $0 | $508,212 |
| MISNER GAVIN MD | TRUSTEE | Director | 0.20 | $0 | $400,725 | $449,078 |
| WIMMER MARK | ONCOLOGIST | Highest Comp | 45.00 | $401,209 | $0 | $447,945 |
| RUSSELL JAMIE | CRNA II | Highest Comp | 45.00 | $399,976 | $0 | $439,888 |
| SMITH HARRY | FMR SVP HOSP OPS | Former | — | $0 | $404,603 | $425,001 |
| ARSHANAPALLY SWETHA | ONCOLOGIST | Highest Comp | 45.00 | $359,202 | $0 | $369,117 |
| HELMS JAMES | SUPV CRNA | Highest Comp | 45.00 | $281,907 | $0 | $310,446 |
| GREENE CORA | CNO | Key Employee | 50.00 | $211,172 | $0 | $239,968 |
| TRAHEY THOMAS | FMR VP MED AFFAIRS | Former | — | $192,778 | $0 | $192,778 |
| HOLLAND DANIEL MD | TRUSTEE | Director | 0.20 | $0 | $2,927 | $2,964 |
| EVERETT JOHN | TRUSTEE | Director | 0.20 | $0 | $214 | $214 |
| VAN DER POEL JACK | TRUSTEE | Director | 0.20 | $0 | $0 | $0 |
| WAGONER EDWARD | TRUSTEE | Director | 0.20 | $0 | $0 | $0 |
| DORTON LEIGHANNE MD | TRUSTEE | Director | 0.20 | $0 | $0 | $0 |
| JONES BRUCE | SEC | OfficerDirector | 0.20 | $0 | $0 | $0 |
| PATTERSON FRANCES | VICE CHAIR | OfficerDirector | 0.20 | $0 | $0 | $0 |
| SMITH DAVID | CHAIR | OfficerDirector | 0.20 | $0 | $0 | $0 |
| CLINE WAYNE MD | TRUSTEE | Director | 0.20 | $0 | $0 | $0 |
| CARLTON THOMAS MD | TREASURER | OfficerDirector | 0.20 | $0 | $0 | $0 |
| GEGOREK ELIA | TRUSTEE | Director | 0.20 | $0 | $0 | $0 |
| HOOD PERRY | TRUSTEE | Director | 0.20 | $0 | $0 | $0 |
| LOCKLEAR RICHARD | TRUSTEE | Director | 0.20 | $0 | $0 | $0 |
| MALLETT BARBARA | TRUSTEE | Director | 0.20 | $0 | $0 | $0 |
| PONDS MARY | TRUSTEE | Director | 0.20 | $0 | $0 | $0 |
| STEEN FRED | TRUSTEE | Director | 0.20 | $0 | $0 | $0 |
| STOREY MATTHEW MD | TRUSTEE | Director | 0.20 | $0 | $0 | $0 |
Compensation Breakdown
Schedule J detail — base, bonus, benefits, and executive perks
WEEMS II LARRY
Base Salary
$429,714
Bonus
$291,601
Other Reportable
$51,773
Retirement/Deferred
$93,609
Nontaxable Benefits
$12,745
Executive Perks
BRINKLEY WILLIAM
Base Salary
$334,984
Bonus
$98,557
Other Reportable
$46,756
Retirement/Deferred
$17,400
Nontaxable Benefits
$31,108
Executive Perks
BLABON GARY
Base Salary
$292,749
Bonus
$136,166
Other Reportable
$35,246
Retirement/Deferred
$8,439
Nontaxable Benefits
$35,612
Executive Perks
MISNER GAVIN MD
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Executive Perks
WIMMER MARK
Base Salary
$325,596
Bonus
$25,504
Other Reportable
$50,109
Retirement/Deferred
$17,400
Nontaxable Benefits
$29,336
Executive Perks
RUSSELL JAMIE
Base Salary
$384,349
Bonus
$15,336
Other Reportable
$291
Retirement/Deferred
$17,400
Nontaxable Benefits
$22,512
Executive Perks
SMITH HARRY
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Executive Perks
ARSHANAPALLY SWETHA
Base Salary
$331,405
Bonus
$7,504
Other Reportable
$20,293
Retirement/Deferred
$7,432
Nontaxable Benefits
$2,483
Executive Perks
HELMS JAMES
Base Salary
$268,396
Bonus
$12,295
Other Reportable
$1,216
Retirement/Deferred
$16,008
Nontaxable Benefits
$12,531
Executive Perks
GREENE CORA
Base Salary
$180,853
Bonus
$29,024
Other Reportable
$1,295
Retirement/Deferred
$18,231
Nontaxable Benefits
$10,565
Executive Perks
TRAHEY THOMAS
Base Salary
—
Bonus
$192,778
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Executive Perks
Top Contractors(Tax Year 2021)
5 records
Rowan Regional Medical Center Inc reported 5 contractors receiving over $100,000, with total contractor payments of $29.0M.
| Name | Service | Compensation |
|---|---|---|
| AYA HEALTHCARE INC | TRAVEL NURSING SERVICES | $12,295,555 |
| LABORATORY CORPORATION OF AMERICA HOLDIN | LAB SERVICES | $4,874,859 |
| ROWAN DIAGNOSTIC CLINIC PA | HEALTH SERVICES | $4,676,216 |
| MORRISON HEALTHCARE | FOOD MANAGEMENT SERVICES | $4,117,482 |
| TRIMEDX INC | CLINICAL ENGINEERING SERVICES | $3,045,383 |
Governance & Compliance(Tax Year 2021)
Rowan Regional Medical Center Inc has 4 of 6 recommended governance policies in place, including conflict of interest, whistleblower, document retention. Its board has 18 members, 16 of whom are independent.
Rowan Regional Medical Center Inc's financial statements are audited, an audit committee oversees the process, the organization is subject to a federal grant audit (Single Audit).
Policies & Oversight
Audit & Financial Oversight
Grants Awarded(Tax Year 2021)
14 records
Rowan Regional Medical Center Inc awarded $173K across 9 grants to organizations. Top recipients include BELL TOWER GREEN INC (SALISBURY, NC) — $50K for community outreach; ROWAN CABARRUS YMCA (SALISBURY, NC) — $25K for community outreach; MEALS ON WHEELS OF ROWAN INC (SALISBURY, NC) — $23K for community outreach. The organization also provided grants to individuals (2,266 recipients) totaling $105K, including patient transportation, life vests, medication for indigent patients, disaster relief assistance, patient assistance.
Organization Grants
| Recipient | Location | Amount | Purpose |
|---|---|---|---|
| BELL TOWER GREEN INC814258414 | SALISBURY, NC | $50K | COMMUNITY OUTREACH |
| ROWAN CABARRUS YMCA581574620 | SALISBURY, NC | $25K | COMMUNITY OUTREACH |
| MEALS ON WHEELS OF ROWAN INC561152417 | SALISBURY, NC | $23K | COMMUNITY OUTREACH |
| PREVENT CHILD ABUSE ROWAN562200514 | SALISBURY, NC | $20K | COMMUNITY OUTREACH |
| UNC CHAPEL HILL566001393 | CHAPEL HILL, NC | $16K | COMMUNITY OUTREACH |
| AMERICAN HEART ASSOCIATION INC135613797 | DALLAS, TX | $12K | COMMUNITY OUTREACH |
| ROWAN GROWTH PARTNERS870713114 | SALISBURY, NC | $10K | COMMUNITY OUTREACH |
| ROWAN HELPING MINISTRIES561544532 | SALISBURY, NC | $10K | TO SUPPORT COMMUNITY EVENTS |
| ROAD RUNNERS CLUB OF AMERICA342022851 | SALISBURY, NC | $6K | TO SUPPORT COMMUNITY EVENTS |
Grants to Individuals
| Type | Recipients | Amount |
|---|---|---|
| PATIENT TRANSPORTATION | 2,010 | — |
| LIFE VESTS | 7 | — |
| MEDICATION FOR INDIGENT PATIENTS | 104 | — |
| DISASTER RELIEF ASSISTANCE | 144 | $103K |
| PATIENT ASSISTANCE | 1 | $2K |
Supplemental Financial Data(Tax Year 2021)
The endowment stands at $249K.
Filing History(Tax Years 1933–2021)
3 records
Showing the 3 Form 990 filings currently in our system.
| Tax Year | Form | Period | Revenue | Expenses | Net Assets |
|---|---|---|---|---|---|
| 2021 | 990 | 2021-01-01 – 2021-12-31 | $304.6M | $297.2M | $44.9M |
| 2020 | 990 | 2020-01-01 – 2020-12-31 | $265.4M | $265.1M | $37.9M |
| 2019 | 990 | 2019-01-01 – 2019-12-31 | $238.0M | $239.6M | $38.4M |
| 1933–2018 | No filings acquired yet | ||||
Frequently Asked Questions
What does Rowan Regional Medical Center Inc do?
SEE SCHEDULE O
How much revenue does Rowan Regional Medical Center Inc have?
Rowan Regional Medical Center Inc reported $304,593,264 in total revenue for tax year 2021, up 14.8% from the prior year.
Who is the highest-paid executive at Rowan Regional Medical Center Inc?
WEEMS II LARRY, SVP CHIEF CLINICAL OFFICER, received $887,361 in total compensation as of tax year 2021.
Is Rowan Regional Medical Center Inc a 501(c)(3)?
Yes, Rowan Regional Medical Center Inc is classified as a 501(c)(3) tax-exempt organization.
Where is Rowan Regional Medical Center Inc located?
Rowan Regional Medical Center Inc is headquartered in WINSTON SALEM, NC 27103.
How many employees does Rowan Regional Medical Center Inc have?
Rowan Regional Medical Center Inc has 1,590 employees and 62 volunteers as of tax year 2021.
Is Rowan Regional Medical Center Inc audited?
Yes, Rowan Regional Medical Center Inc's financial statements are audited, and the organization has an audit committee.
Does Rowan Regional Medical Center Inc give grants?
Yes, Rowan Regional Medical Center Inc distributed $446,365 in grants to other organizations and individuals in tax year 2021. Top recipients include BELL TOWER GREEN INC, ROWAN CABARRUS YMCA, MEALS ON WHEELS OF ROWAN INC.
Data Source
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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