Nonprofit · EIN 56-0928089
FORSYTH MEMORIAL HOSPITAL INC
Also known as FORSYTH MEDICAL CENTER
Tax-exempt · WINSTON SALEM, NC 27103
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,560,678,254 | $1,566,534,081 | -$5,855,827 | $3,190,552,079 | $182,458,051 | $3,008,094,028 |
| December 31, 2023 | 990 | $1,442,088,470 | $1,444,760,573 | -$2,672,103 | $2,056,045,743 | $160,164,353 | $1,895,881,390 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $3,391,417
- of which government grants
- $1,940,977
- Program service revenue
- $1,547,493,100
- Investment income
- $597,672
- Net rental income
- $691,357
- Net gain from sales of assets
- $199,281
- Net income from fundraising events
- $7,628
- Net income from sales of inventory
- $283,214
- Other revenue
- $9,196,065
Expenses
- Grants and similar amounts paid
- $2,770,634
- Compensation of officers, directors and key employees
- $2,294,254
- Other salaries and wages
- $549,104,409
- Salaries, compensation and benefits (total)
- $687,513,699
- Professional fundraising fees
- $0
- Occupancy
- $32,109,720
- Travel
- $755,273
- Depreciation
- $59,312,623
- Program services (functional)
- $1,283,674,772
- Management and general (functional)
- $282,859,309
Balance sheet and other
- Total assets, start of year
- $2,056,045,743
- Total assets, end of year
- $3,190,552,079
- Total liabilities, end of year
- $182,458,051
- Net assets, end of year
- $3,008,094,028
- Land, buildings and equipment
- $747,241,729
- Net assets without donor restrictions
- $3,008,093,578
- Net assets with donor restrictions
- $450
- Gross receipts
- $1,573,878,450
- Employees
- 8,133
- Volunteers
- 580
- Year formed
- 1968
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CARL ARMATO | TRUSTEE/ PRES/CEO NH Trustee or director | 0.2 | $0 | $6,943,831 | $1,207,106 |
| JOHN MANN MD | FMR PRES/COO, SVP NH INST Former | 0 | $0 | $1,279,821 | $187,263 |
| GEOFFREY GARDNER | CFO (TO 4/28/24) Officer | 0.2 | $0 | $1,254,252 | $45,078 |
| ROLAND FRIEDMAN MD | UROLOGIST Highest-paid employee | 45 | $1,158,267 | $0 | $59,686 |
| MICHAEL SETLIFF | PRES NHFMC/GWM (TO 10/28/24) Officer | 50 | $1,148,502 | $0 | $51,487 |
| STANLEY FULLER MD | SVP CH CLIN OFFICER Highest-paid employee | 45 | $831,999 | $201,679 | $155,823 |
| ALICE POPE | EVP/CFO (FR 4/29/24) Officer | 0.2 | $0 | $991,687 | $183,469 |
| PAUL MCCLAIN MD | UROLOGIST Highest-paid employee | 45 | $834,849 | $0 | $57,581 |
| HASSAN ALHOSAINI MD | CARDIOLOGIST Highest-paid employee | 45 | $830,636 | $0 | $57,621 |
| KIRSTEN ROYSTER | FMR KE (12/31/21) Former | 50 | $750,331 | $17,798 | $104,575 |
| OLIVER BENTON MD | UROLOGIST Highest-paid employee | 45 | $757,485 | $0 | $54,732 |
| FRANKLIN CHEN MD | TRUSTEE/ONCOLOGIST Trustee or director | 0.2 | $0 | $669,178 | $56,984 |
| ASHLEY PERROTT MD | TRUSTEE/SR PHYSICIAN EXECUTIVE Trustee or director | 0.2 | $446,684 | $129,599 | $42,920 |
| ALISHA HUTCHENS | PRES, COO (FR 10/29/24) Officer | 50 | $551,840 | $0 | $58,339 |
| ANNETTE KNIGHT | TRUSTEE (FR 1/1/24) Trustee or director | 0.2 | $0 | $0 | $0 |
17 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| AVERY HALL | CHAIR Trustee or director, Officer | 0.5 | $0 |
| BRIAN SMITH MD | TRUSTEE (FR 5/1/24) Trustee or director | 0.2 | $0 |
| CHARLES HAUSER | TRUSTEE (TO 12/31/24) Trustee or director | 0.2 | $0 |
| CHARLES WELTON | TRUSTEE (TO 12/31/24) Trustee or director | 0.2 | $0 |
| KRISTINE SIMS | TRUSTEE Trustee or director | 0.2 | $0 |
| LARI HARDING | TRUSTEE Trustee or director | 0.2 | $0 |
| LINDA LATHAM | VICE CHAIR Trustee or director, Officer | 0.5 | $0 |
| MARK OWENS | TRUSTEE Trustee or director | 0.2 | $0 |
| MIKE HORN | SECRETARY/TREASURER Trustee or director, Officer | 0.5 | $0 |
| PHYLLIS CALDWELL-GEORGE | TRUSTEE Trustee or director | 0.2 | $0 |
| RANDELL CAIN | TRUSTEE (FR 1/1/24) Trustee or director | 0.2 | $0 |
| ROBERT LANDRY | TRUSTEE Trustee or director | 0.2 | $0 |
| SAMUEL BAREFOOT | TRUSTEE Trustee or director | 0.2 | $0 |
| STEPHEN WILLIAMS | TRUSTEE (FR 1/1/24) Trustee or director | 0.2 | $0 |
| SUMMER MCGEE | TRUSTEE (FR 1/1/24) Trustee or director | 0.2 | $0 |
| TRACEY MARTIN | TRUSTEE Trustee or director | 0.2 | $0 |
| WILLIAM HALL | TRUSTEE Trustee or director | 0.2 | $0 |
990 for the year ended December 31, 2023: 27 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CARL ARMATO | TRUSTEE (FR 1/1/23)/PRES/CEO NH Trustee or director | 0.2 | $0 | $5,820,530 | $1,206,191 |
| FRED HARGETT | EVP/CFO (TO 9/6/23) Officer | 0.2 | $0 | $2,400,670 | $50,705 |
| MICHAEL SETLIFF | PRES NHFMC/GWM Officer | 50 | $1,176,474 | $0 | $159,580 |
| JOHN MANN MD | SVP NH INST Highest-paid employee | 35 | $917,005 | $202,759 | $167,716 |
| STANLEY FULLER MD | SVP CH CLIN OFFICER Highest-paid employee | 45 | $947,480 | $0 | $153,328 |
| ROLAND FRIEDMAN MD | UROLOGIST Highest-paid employee | 45 | $986,764 | $0 | $59,868 |
| GEOFFREY GARDNER | CFO (FR 9/6/23) Officer | 0.2 | $0 | $909,106 | $128,749 |
| KIRSTEN ROYSTER | FMR KE (12/31/21) Former | 45 | $749,705 | $0 | $99,102 |
| JUDSON RACKLEY MD | UROLOGIST Highest-paid employee | 45 | $778,934 | $0 | $59,324 |
| SUSAN HINES MD | ONCOLOGIST Highest-paid employee | 45 | $778,450 | $0 | $46,439 |
| FRANKLIN CHEN MD | TRUSTEE, CLIN PHYS EXEC Trustee or director | 0.2 | $0 | $665,459 | $56,806 |
| ASHLEY PERROTT MD | TRUSTEE, SR PHYS EXEC Trustee or director | 45.2 | $567,670 | $0 | $42,591 |
| ALISHA HUTCHENS | PRES, COO Key employee | 50 | $492,552 | $0 | $57,272 |
| AVERY HALL | CHAIR Trustee or director, Officer | 0.2 | $0 | $0 | $0 |
| CHARLES HAUSER | TRUSTEE Trustee or director | 0.2 | $0 | $0 | $0 |
| CHARLES WELTON | TRUSTEE Trustee or director | 0.2 | $0 | $0 | $0 |
| IMEN CLARK | TRUSTEE (TO 12/31/23) Trustee or director | 0.2 | $0 | $0 | $0 |
| KRISTINE SIMS | TRUSTEE Trustee or director | 0.2 | $0 | $0 | $0 |
| LARI HARDING | TRUSTEE Trustee or director | 0.2 | $0 | $0 | $0 |
| LINDA LATHAM | VICE CHAIR Trustee or director, Officer | 0.2 | $0 | $0 | $0 |
| MARK OWENS | TRUSTEE Trustee or director | 0.2 | $0 | $0 | $0 |
| MIKE HORN | SECR/TREAS Trustee or director, Officer | 0.2 | $0 | $0 | $0 |
| PHYLLIS CALDWELL-GEORGE | TRUSTEE (FR 1/1/23) Trustee or director | 0.2 | $0 | $0 | $0 |
| ROBERT LANDRY | TRUSTEE Trustee or director | 0.2 | $0 | $0 | $0 |
| SAMUEL BAREFOOT | TRUSTEE Trustee or director | 0.2 | $0 | $0 | $0 |
| TRACEY MARTIN | TRUSTEE Trustee or director | 0.2 | $0 | $0 | $0 |
| WILLIAM HALL | TRUSTEE Trustee or director | 0.2 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2085 FRONTIS PLAZA BLVD, WINSTON SALEM, NC 27103-5614
- Principal officer (990 for 2024)
- CARL ARMATO, 2085 FRONTIS PLAZA BLVD, WINSTON SALEM, NC 27103
- Signed the 990
- ALICE POPE, EVP & CFO
- Phone
- (336) 277-2411
- Website
- WWW.NOVANTHEALTH.ORG
Mission
SEE SCHEDULE O
Program accomplishments
- FORSYTH MEMORIAL HOSPITAL, INC. ("FMH") DBA NOVANT HEALTH FORSYTH MEDICAL CENTER ("NHFMC"), NOVANT HEALTH KERNERSVILLE MEDICAL CENTER ("NHKMC"), AND NOVANT HEALTH CLEMMONS MEDICAL CENTER ("NHCMC"), ALONG WITH THEIR PROVIDER BASED PHYSICIAN PRACTICES, EXISTS TO CARRY OUT THE PURPOSE OF THE FORSYTH COUNTY BOARD OF COMISSIONERS BY ADVANCING AND SUPPORTING THE PROMOTION OF HEALTH FOR MEMBERS OF MULTIPLE COMMUNITIES IN FORSYTH COUNTY, NORTH CAROLINA, INCLUDING WINSTON-SALEM, KERNERSVILLE, AND CLEMMONS. THESE HOSPITAL FACILITIES MAINTAIN AN OPEN DOOR POLICY, ACCEPTING ALL PATIENTS REGARDLESS OF A PATIENT'S ABILITY TO PAY. (CONTINUED ON SCHEDULE O)Expenses $1,283,674,772 · grants $2,770,634 · revenue $1,548,150,345
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 56-0928089
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Hospital or medical research organization
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1969
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E220)
- Assets (IRS master file)
- $3,190,552,079
- Income (IRS master file)
- $1,573,878,450
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,560,678,254 | $1,566,534,081 | $3,190,552,079 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $1,442,088,470 | $1,444,760,573 | $2,056,045,743 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $1,377,864,424 | $1,409,445,707 | $2,102,000,445 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-0928089).
Questions about FORSYTH MEMORIAL HOSPITAL INC
- What is the EIN of FORSYTH MEMORIAL HOSPITAL INC?
- The employer identification number (EIN) of FORSYTH MEMORIAL HOSPITAL INC is 56-0928089.
- Is FORSYTH MEMORIAL HOSPITAL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1969.
- Are donations to FORSYTH MEMORIAL HOSPITAL INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FORSYTH MEMORIAL HOSPITAL INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FORSYTH MEMORIAL HOSPITAL INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FORSYTH MEMORIAL HOSPITAL INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of FORSYTH MEMORIAL HOSPITAL INC?
- The 990 for the year ended December 31, 2024 names CARL ARMATO.
- Who are the officers and directors of FORSYTH MEMORIAL HOSPITAL INC?
- The 990 for the year ended December 31, 2024 lists 32 people; 9 received compensation from the organization.
- How much revenue does FORSYTH MEMORIAL HOSPITAL INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,560,678,254, expenses of $1,566,534,081 and total assets of $3,190,552,079 at year end.
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- PRESBYTERIAN HOSPITAL FOUNDATION EIN 58-1413074 · last filed 990 for 2024
- COMMUNITY CARE CENTER FOR FORSYTH COUNTY EIN 58-1403699 · last filed 990 for 2025
- NEW HANOVER REGIONAL MEDICAL CENTER FOUNDATION INC EIN 56-1752396 · last filed 990 for 2024
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All nonprofits in WINSTON SALEM · North Carolina · Health care