Nonprofit · EIN 56-1376950
NOVANT HEALTH INC
Tax-exempt · WINSTON SALEM, NC 27103
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $6,542,888,138 | $6,192,258,960 | $350,629,178 | $14,556,934,673 | $13,693,623,068 | $863,311,605 |
| December 31, 2023 | 990 | $4,015,833,950 | $3,902,611,082 | $113,222,868 | $9,596,623,033 | $5,873,989,880 | $3,722,633,153 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $75,573,259
- of which government grants
- $65,362,065
- Program service revenue
- $6,229,339,921
- Investment income
- $181,836,148
- Net rental income
- $10,201,416
- Net gain from sales of assets
- $107,891,055
- Net income from fundraising events
- $6,805
- Net income from sales of inventory
- $661,916
- Other revenue
- $56,138,810
Expenses
- Grants and similar amounts paid
- $22,009,853
- Compensation of officers, directors and key employees
- $26,646,936
- Other salaries and wages
- $2,543,584,167
- Salaries, compensation and benefits (total)
- $3,169,000,017
- Professional fundraising fees
- $0
- Legal fees
- $19,642,297
- Accounting fees
- $2,613,689
- Occupancy
- $175,853,417
- Travel
- $10,488,712
- Depreciation
- $198,208,947
- Program services (functional)
- $4,713,197,636
- Management and general (functional)
- $1,479,061,324
Balance sheet and other
- Total assets, start of year
- $9,596,623,033
- Total assets, end of year
- $14,556,934,673
- Total liabilities, end of year
- $13,693,623,068
- Net assets, end of year
- $863,311,605
- Land, buildings and equipment
- $2,524,265,349
- Publicly traded securities
- $2,863,582,394
- Net assets without donor restrictions
- $862,868,766
- Net assets with donor restrictions
- $442,839
- Gross unrelated business income
- $16,780,683
- Gross receipts
- $7,773,448,562
- Employees
- 33,786
- Volunteers
- 1,432
- Year formed
- 1997
- 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 | Other / benefits |
|---|---|---|---|---|
| CARL ARMATO | TRUSTEE, PRES/CEO NH Trustee or director, Officer | 50.2 | $6,943,831 | $1,207,106 |
| JAMES DEAN SWINDLE | EVP Key employee | 50 | $3,290,733 | $41,284 |
| HOWARD HOMESLEY MD | ORTHOPAEDIST Highest-paid employee | 45 | $2,983,719 | $57,471 |
| JOHN GIZDIC | EVP Key employee | 50 | $2,208,311 | $269,496 |
| DEREK BERNSTEIN MD | ORTHOPAEDIST Highest-paid employee | 45 | $2,120,243 | $32,421 |
| JOHN MARCEL MD | ORTHOPAEDIST Highest-paid employee | 45 | $2,086,151 | $32,409 |
| DAVID DUVALL | FMR SVP MARKETING & COMMUNICATIONS Highest-paid employee | 45 | $2,118,253 | $0 |
| PAMELA OLIVER MD | EVP Key employee | 50 | $1,825,710 | $238,642 |
| RASHID JANJUA MD | NEUROSURGEON Highest-paid employee | 45 | $1,981,921 | $57,430 |
| DENISE MIHAL | EVP Key employee | 50 | $1,983,433 | $41,710 |
| FRANK EMORY JR | EVP Key employee | 50 | $1,881,321 | $53,466 |
| KIMBERLY HENDERSON | EVP Key employee | 50 | $1,421,376 | $199,453 |
| ONYEKA NCHEGE | EVP Key employee | 50 | $1,287,464 | $198,134 |
| GEOFFREY GARDNER | CFO (TO 4/28/24) Officer | 50 | $1,254,252 | $45,078 |
| ALICE POPE | EVP/CFO (FR 4/29/24) Officer | 50 | $991,687 | $183,469 |
29 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SANJAY GUPTA | EVP Key employee | 50 | $891,331 | $189,649 |
| CHERE GREGORY MD | FMR KE (12/31/21) Former | 50 | $938,101 | $133,723 |
| JESSE CURETON | FMR KE (4/27/23) Former | 0 | $1,039,476 | $25,695 |
| THOMAS JENIKE MD | FMR KE (12/31/21) Former | 50 | $897,741 | $141,919 |
| SCOTT MYERS | FMR KE (12/31/21) Former | 50 | $961,680 | $40,683 |
| LAURIE WHALIN | FMR KE (12/31/21) Former | 50 | $796,515 | $36,621 |
| ALLISON GREEAR | FMR KE (12/31/21) Former | 50 | $619,144 | $38,215 |
| KATHRYN LANGFORD | FMR KE (12/31/21) Former | 50 | $635,562 | $15,362 |
| SHELBOURN STEVENS | FMR KE (12/31/21) Former | 0 | $605,812 | $24,063 |
| JONATHAN APPLEBAUM | FMR KE (12/31/21) Former | 50 | $561,807 | $45,730 |
| WAYNE MORGAN | FMR KE (6/30/21) Former | 50 | $330,242 | $13,134 |
| ANGELA YOCHEM | FMR KE (3/28/23) Former | 0 | $224,358 | $927 |
| TANYA BLACKMON | FMR KE (3/21/22) Former | 0 | $121,461 | $3,109 |
| ERIC ESKIOGLU MD | FMR KE (11/30/22) Former | 0 | $100,800 | $4,222 |
| BRIAN ECKEL | TRUSTEE Trustee or director | 0.2 | $725 | $0 |
| DEBORAH ALLY | TRUSTEE (TO 12/31/24) Trustee or director | 0.2 | $725 | $0 |
| LAURA SCHULTE | CHAIR Trustee or director, Officer | 0.5 | $725 | $0 |
| ALVARO DE MOLINA | TRUSTEE Trustee or director | 0.2 | $0 | $0 |
| BEVERLY MOOSE MD | TRUSTEE Trustee or director | 0.2 | $0 | $0 |
| BRANDON ADCOCK | TRUSTEE Trustee or director | 0.2 | $0 | $0 |
| CHARLES HAUSER | TRUSTEE (FR 1/1/24) Trustee or director | 0.2 | $0 | $0 |
| CHRISTINE KATZIFF | VICE CHAIR Trustee or director, Officer | 0.5 | $0 | $0 |
| CHRISTOPHER DUGGINS MD | TRUSTEE Trustee or director | 0.2 | $0 | $0 |
| DAVID KING | TRUSTEE Trustee or director | 0.2 | $0 | $0 |
| ELWOOD ROBINSON PHD | TRUSTEE Trustee or director | 0.2 | $0 | $0 |
| IAN MCDONALD | TRUSTEE Trustee or director | 0.2 | $0 | $0 |
| JAMES AMOS | SECRETARY/TREASURER Trustee or director, Officer | 0.5 | $0 | $0 |
| JASON THOMPSON | TRUSTEE Trustee or director | 0.2 | $0 | $0 |
| ROBERT BARR MD | TRUSTEE (TO 12/31/24) Trustee or director | 0.2 | $0 | $0 |
990 for the year ended December 31, 2023: 46 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CARL ARMATO | TRUSTEE, PRES/CEO NH Trustee or director, Officer | 50 | $5,820,530 | $1,206,191 |
| JEFFERY LINDSAY | EVP (TO 12/5/23) Key employee | 50 | $2,741,030 | $44,793 |
| FRED HARGETT | EVP/CFO (TO 9/6/23) Officer | 50 | $2,400,670 | $50,705 |
| JOHN GIZDIC | EVP Key employee | 50 | $1,943,766 | $262,728 |
| JESSE CURETON | EVP (TO 4/27/23) Key employee | 50 | $2,087,912 | $32,405 |
| DENISE MIHAL | EVP Key employee | 50 | $1,921,892 | $41,300 |
| PAMELA OLIVER MD | EVP Key employee | 50 | $1,687,459 | $231,967 |
| TIMOTHY CHASE MD | OBSTETRICIAN/GYNECOLOGIST Highest-paid employee | 45 | $1,796,002 | $57,276 |
| FRANK EMORY JR | EVP Key employee | 50 | $1,800,483 | $52,450 |
| ANGELA YOCHEM | EVP (TO 3/28/23) Key employee | 50 | $1,641,828 | $32,330 |
| ERIC ESKIOGLU MD | FMR KE (11/30/22) Former | 0 | $1,599,799 | $35,616 |
| BRYAN EDWARDS MD | SYS PHYS EXEC Highest-paid employee | 45 | $1,338,214 | $173,173 |
| JAMES DEAN SWINDLE | EVP Key employee | 50 | $1,407,268 | $29,420 |
| CARMEN CANALES | SVP/CH PPL & BLNG OFF Highest-paid employee | 45 | $1,281,111 | $39,919 |
| SWALEH BAHAMADI MD | ONCOLOGIST Highest-paid employee | 45 | $1,219,009 | $59,868 |
| KIMBERLY HENDERSON | EVP Key employee | 50 | $1,085,117 | $155,975 |
| JACK RAMAGE MD | GASTROENTEROLOGIST Highest-paid employee | 45 | $1,132,198 | $59,868 |
| SHELBOURN STEVENS | FMR KE (12/31/21) Former | 50 | $1,097,495 | $30,138 |
| ONYEKA NCHEGE | SVP Key employee | 50 | $947,408 | $160,064 |
| KATHRYN LANGFORD | FMR KE (12/31/21) Former | 50 | $973,558 | $117,446 |
| SCOTT MYERS | FMR KE (12/31/21) Former | 50 | $946,449 | $115,625 |
| CHERE GREGORY MD | FMR KE (12/31/21) Former | 50 | $927,893 | $128,572 |
| GEOFFREY GARDNER | CFO (FR 9/6/23) Officer | 50 | $909,106 | $128,749 |
| THOMAS JENIKE MD | FMR KE (12/31/21) Former | 50 | $886,276 | $138,412 |
| LAURIE WHALIN | FMR KE (12/31/21) Former | 50 | $747,749 | $35,166 |
| JONATHAN APPLEBAUM | FMR KE (12/31/21) Former | 50 | $546,513 | $44,731 |
| ALLISON GREEAR | FMR KE (12/31/21) Former | 50 | $518,105 | $33,869 |
| TANYA BLACKMON | FMR KE (3/21/2022) Former | 0 | $477,570 | $11,140 |
| WAYNE MORGAN | FMR KE (6/30/21) Former | 50 | $368,211 | $43,854 |
| THOMAS NEILL | TRUSTEE (TO 12/31/23) Trustee or director | 0.2 | $415 | $0 |
| DEBORAH ALLY | TRUSTEE Trustee or director | 0.2 | $395 | $0 |
| JOIA JOHNSON | TRUSTEE (TO 12/31/23) Trustee or director | 0.2 | $295 | $0 |
| ALVARO DE MOLINA | TRUSTEE Trustee or director | 0.2 | $0 | $0 |
| BEVERLY MOOSE MD | TRUSTEE Trustee or director | 0.2 | $0 | $0 |
| BRANDON ADCOCK | TRUSTEE Trustee or director | 0.2 | $0 | $0 |
| BRIAN ECKEL | TRUSTEE Trustee or director | 0.2 | $0 | $0 |
| CHRISTINE KATZIFF | TRUSTEE, VICE CHAIR (FR 11/13/23) Trustee or director, Officer | 0.2 | $0 | $0 |
| CHRISTOPHER DUGGINS MD | TRUSTEE (FR 1/1/23) Trustee or director | 0.2 | $0 | $0 |
| DAVID KING | TRUSTEE Trustee or director | 0.2 | $0 | $0 |
| DAVID PLYLER | TRUSTEE (TO 12/31/23) Trustee or director | 0.2 | $0 | $0 |
| ELWOOD ROBINSON PHD | TRUSTEE Trustee or director | 0.2 | $0 | $0 |
| IAN MCDONALD | TRUSTEE Trustee or director | 0.2 | $0 | $0 |
| JAMES AMOS | SECR/TREAS Trustee or director, Officer | 0.2 | $0 | $0 |
| JASON THOMPSON | TRUSTEE Trustee or director | 0.2 | $0 | $0 |
| LAURA SCHULTE | CHAIR (FR 1/1/23) Trustee or director, Officer | 0.2 | $0 | $0 |
| ROBERT BARR MD | TRUSTEE Trustee or director | 0.2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2085 FRONTIS PLAZA BLVD, WINSTON SALEM, NC 27103-5614
- In care of
- % SCOTT WHITAKER ACCT PAYABLES
- 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
- Return prepared by
- ERNST & YOUNG US LLP
Mission
SEE SCHEDULE O
Program accomplishments
- 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.Expenses $1,090,852,218 · grants $17,392,567 · revenue $1,953,478,289
- 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.Expenses $3,598,055,311 · grants $4,617,286 · revenue $4,265,902,187
- 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.Expenses $24,290,107 · revenue $27,471,340
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
- 56-1376950
- 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
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E22)
- Assets (IRS master file)
- $14,556,934,673
- Income (IRS master file)
- $7,773,448,562
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $6,542,888,138 | $6,192,258,960 | $14,556,934,673 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $4,015,833,950 | $3,902,611,082 | $9,596,623,033 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $3,193,826,783 | $3,217,545,790 | $8,958,963,272 | 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 56-1376950).
Questions about NOVANT HEALTH INC
- What is the EIN of NOVANT HEALTH INC?
- The employer identification number (EIN) of NOVANT HEALTH INC is 56-1376950.
- Is NOVANT HEALTH INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to NOVANT HEALTH INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NOVANT HEALTH 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 NOVANT HEALTH 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 NOVANT HEALTH 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 NOVANT HEALTH INC?
- The 990 for the year ended December 31, 2024 names CARL ARMATO.
- Who are the officers and directors of NOVANT HEALTH INC?
- The 990 for the year ended December 31, 2024 lists 44 people; 32 received compensation from the organization, the highest $6,943,831 (CARL ARMATO, TRUSTEE, PRES/CEO NH).
- How much revenue does NOVANT HEALTH INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $6,542,888,138, expenses of $6,192,258,960 and total assets of $14,556,934,673 at year end.
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All nonprofits in WINSTON SALEM · North Carolina · Health care