Civic Intelligence

Forsyth Memorial Hospital Inc

EIN 56-0928089 • 501(c)3 • Winston Salem, NC

2085 Frontis Plaza BlvdWinston Salem, NC 27103

www.novanthealth.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

16th percentile

0.06x

Higher debt load relative to assets than 16% of similar nonprofits.

501(c)3 • $1B+ nonprofits • Source year 2024

Liabilities / Revenue

13th percentile

0.12x

Higher debt load relative to revenue than 13% of similar nonprofits.

501(c)3 • $1B+ nonprofits • Source year 2024

Net Margin

21st percentile

-0.4%

Higher net margin than 21% of similar nonprofits.

501(c)3 • $1B+ nonprofits • Source year 2024

Top Officer Pay

45th percentile

$2,417,516

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 0.2% of source-year revenue.

501(c)3 • $1B+ nonprofits • Source year 2022

Asset Growth

96th percentile

55%

Faster asset growth than 96% of similar nonprofits.

501(c)3 • $1B+ nonprofits • Annualized from 2023 to 2024

Revenue Growth

46th percentile

8.2%

Faster revenue growth than 46% of similar nonprofits.

501(c)3 • $1B+ nonprofits • Annualized from 2023 to 2024

Assets

Up

$3,190,552,079

Up $1,134,506,336 (+55%) from 2023

Liabilities

Up

$182,458,051

Up $22,293,698 (+14%) from 2023

Net Assets

Up

$3,008,094,028

Up $1,112,212,638 (+59%) from 2023

Revenue

Up

$1,560,678,254

Up $118,589,784 (+8.2%) from 2023

Expenses

Up

$1,566,534,081

Up $121,773,508 (+8.4%) from 2023

Net Income

Down

-$5,855,827

Down $3,183,724 (-119%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0B$3.0B$2.0B$1.0B$0Assets 2010: $850,834,530Liabilities 2010: $49,541,905Net Assets 2010: $801,292,6252010Assets 2011: $889,125,682Liabilities 2011: $46,251,404Net Assets 2011: $842,874,2782011Assets 2012: $988,511,859Liabilities 2012: $49,625,408Net Assets 2012: $938,886,4512012Assets 2013: $1,060,812,977Liabilities 2013: $54,559,584Net Assets 2013: $1,006,253,3932013Assets 2014: $1,133,278,673Liabilities 2014: $60,201,980Net Assets 2014: $1,073,076,6932014Assets 2015: $1,258,857,555Liabilities 2015: $72,634,562Net Assets 2015: $1,186,222,9932015Assets 2016: $1,421,062,231Liabilities 2016: $78,366,912Net Assets 2016: $1,342,695,3192016Assets 2017: $1,544,644,500Liabilities 2017: $82,153,583Net Assets 2017: $1,462,490,9172017Assets 2018: $1,692,009,282Liabilities 2018: $95,643,703Net Assets 2018: $1,596,365,5792018Assets 2019: $1,827,333,103Liabilities 2019: $128,402,528Net Assets 2019: $1,698,930,5752019Assets 2020: $2,063,331,863Liabilities 2020: $260,050,611Net Assets 2020: $1,803,281,2522020Assets 2021: $2,202,894,341Liabilities 2021: $260,706,800Net Assets 2021: $1,942,187,5412021Assets 2022: $2,102,000,445Liabilities 2022: $196,380,928Net Assets 2022: $1,905,619,5172022Assets 2023: $2,056,045,743Liabilities 2023: $160,164,353Net Assets 2023: $1,895,881,3902023Assets 2024: $3,190,552,079Liabilities 2024: $182,458,051Net Assets 2024: $3,008,094,0282024

Highlighted filing

2024

Assets$3,190,552,079
Liabilities$182,458,051
Net Assets$3,008,094,028

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0B$1.5B$1.0B$500M$0-$500MExpenses 2010: $807,978,5942010Expenses 2011: $902,773,2532011Expenses 2012: $958,137,1152012Revenue 2013: $1,075,249,877Expenses 2013: $995,436,492Net Income 2013: $79,813,3852013Revenue 2014: $1,136,460,611Expenses 2014: $1,061,492,177Net Income 2014: $74,968,4342014Revenue 2015: $1,246,823,158Expenses 2015: $1,124,738,588Net Income 2015: $122,084,5702015Revenue 2016: $1,315,503,470Expenses 2016: $1,157,063,261Net Income 2016: $158,440,2092016Revenue 2017: $1,326,371,862Expenses 2017: $1,200,206,697Net Income 2017: $126,165,1652017Revenue 2018: $1,417,035,882Expenses 2018: $1,296,704,213Net Income 2018: $120,331,6692018Revenue 2019: $1,507,111,921Expenses 2019: $1,399,421,017Net Income 2019: $107,690,9042019Revenue 2020: $1,551,372,846Expenses 2020: $1,443,848,191Net Income 2020: $107,524,6552020Revenue 2021: $1,668,189,599Expenses 2021: $1,527,559,495Net Income 2021: $140,630,1042021Revenue 2022: $1,377,864,424Expenses 2022: $1,409,445,707Net Income 2022: -$31,581,2832022Revenue 2023: $1,442,088,470Expenses 2023: $1,444,760,573Net Income 2023: -$2,672,1032023Revenue 2024: $1,560,678,254Expenses 2024: $1,566,534,081Net Income 2024: -$5,855,8272024

Highlighted filing

2024

Revenue$1,560,678,254
Expenses$1,566,534,081
Net Income-$5,855,827

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3,191$182$3,008$1,561$1,567$5.86
2023Summary only. Only limited summary data is available for this year.$2,056$160$1,896$1,442$1,445$2.67
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2,102$196$1,906$1,378$1,409$31.6
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2,203$261$1,942$1,668$1,528$141
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2,063$260$1,803$1,551$1,444$108
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,827$128$1,699$1,507$1,399$108
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,692$95.6$1,596$1,417$1,297$120
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,545$82.2$1,462$1,326$1,200$126
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,421$78.4$1,343$1,316$1,157$158
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,259$72.6$1,186$1,247$1,125$122
2014Detailed filing. Detailed filing data is available for this year.$1,133$60.2$1,073$1,136$1,061$75.0
2013Detailed filing. Detailed filing data is available for this year.$1,061$54.6$1,006$1,075$995$79.8
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$989$49.6$939$958
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$889$46.3$843$903
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$851$49.5$801$808
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 14, 2023
Return Version
2022v5.0
Gross Receipts
$1,378,214,906
Mission and Program Overview

Mission

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$301,145,693$356,616,965▲ $55,471,272
Accounts Receivable$521,472,775$216,795,688▼ $304,677,087
Investments Other Securities$19,465,393$35,543,671▲ $16,078,278
Inventories for Sale or Use$28,833,696$30,572,456▲ $1,738,760
Other Notes and Loans Receivable, Net$12,497,356$11,460,024▼ $1,037,332
Intangible Assets$31,015,047$1,559,385▼ $29,455,662
Prepaid Expenses and Deferred Charges$2,048,318$974,990▼ $1,073,328
Cash and Non-Interest-Bearing Accounts$72,732$95,308▲ $22,576
Total Assets$2,202,894,341$2,102,000,445▼ $100,893,896
Other Assets Total$1,286,343,331$1,448,381,958▲ $162,038,627
Liabilities
Accounts Payable and Accrued Expenses$192,893,752$141,893,082▼ $51,000,670
Other Liabilities$67,813,048$54,359,182▼ $13,453,866
Deferred Revenue-$128,664-
Total Liabilities$260,706,800$196,380,928▼ $64,325,872
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,942,187,091$1,905,619,067▼ $36,568,024
Net Assets With Donor Restrictions$450$450→ $0
Total Net Assets Fund Balance$1,942,187,541$1,905,619,517▼ $36,568,024
Total Liabilities and Net Assets / Fund Balance$2,202,894,341$2,102,000,445▼ $100,893,896

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$98,358,013$288,431,967$386,789,980
Buildings$106,766,684$60,804,702$167,571,386
Other Land Buildings$134,377,946$12,745,146$147,123,092
Leasehold Improvements$6,386,425$8,302,143$14,688,568
Land$10,727,897-$10,727,897
Other Assets Org$23,726,802--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$450---$450
2021$450---$450
2020$450---$450
2019$363$87--$450
2018-$363--$363
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael SetliffPresident Nhfmc & GwmFT$608,168$569,382$1,177,550
John MannPres & COOFT$596,981$532,709$1,129,690
Roland FriedmanUrologistFT$323,031$706,268$1,029,299
Stanley FullerSVP Chief Clinical OfficerFT$523,375$409,312$932,687
Kathleen ElliottOncologistFT$490,471$399,426$889,897
Brandon CravenUrologistFT$389,513$400,858$790,371
Kirsten RoysterFmr Pres & COO Kmc (see Schedule O)FT$401,451$381,897$783,348
Franklin Chen MdTrustee/clinical Physician ExecutiveFT$574,281$131,844$706,125
Ashley Perrott MdTrustee/senior Physician ExecutiveFT$406,759$159,823$566,582
Alisha HutchensCOOFT$371,642$128,528$500,170

Board Members and Trustees

NameTitle
Lari HardingChair
Linda LathamVice Chair
Charles HauserTrustee
Charles WeltonTrustee
Christopher LeonTrustee
Imen ClarkTrustee
Mark OwensTrustee
Mike HornTrustee
Robert LandryTrustee
Samuel BarefootTrustee
Tracey MartinTrustee
William HallTrustee
Fred HargettEvp & CFO
Avery HallSecretary/treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Aya Healthcare INCTravel Nursing ServicesPO BOX 123519, Dallas, TX 75312$87,941,387
Vannoy ConstructionConstruction ServicesPO BOX 635, Jefferson, NC 28640$74,617,568
Laboratory Corporation Of America HoldinLab ServicesPO BOX 12140, Burlington, NC 27216$14,841,757
Morrison HealthcareFood Management ServicesPO BOX 102289, Atlanta, GA 30368$13,846,025
The Christman CompanyConstruction Services408 SOUTH ELM STREET, Greensboro, NC 27401$12,663,251
Revenue and Support

Revenue Composition

Contributions and Grants
$22,273,285
Program Service Revenue
$1,347,574,893
Investment Income
$945,729
Other Revenue
$7,070,517
All Other Contributions
$320,072
Change in Net Assets
$-31,581,283
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$817,030,092
Salaries, Compensation, and Employee Benefits$590,311,344
Grants and Similar Amounts Paid$2,104,271
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$446,653,922$18,610,582-$465,264,504
Fees for Services Other$100,953,591$16,198,076-$117,151,667
Other Expenses$89,182,609$4,197,288-$89,182,609
Other Employee Benefits$70,196,564$2,924,857-$73,121,421
All Other Expenses$27,467,278$7,272,481-$34,739,759
Depreciation Depletion$29,941,743$2,677,121-$32,618,864
Occupancy$28,713,134$1,123,096-$29,836,230
Payroll Taxes$28,576,600$1,190,692-$29,767,292
Pension Plan Contributions$16,586,161$691,089-$17,277,250
Interest$11,396,899--$11,396,899
Information Technology$8,509,559$201,296-$8,710,855
Insurance$7,141,941$773,373-$7,915,314
Office Expenses$3,807,943$907,023-$4,714,966
Current Officers, Directors, Trustees, and Key Employees-$2,950,427-$2,950,427
Comp Disqual Persons-$1,930,450-$1,930,450
Grants to Domestic Orgs$1,592,121--$1,592,121
Advertising$845,245$24,628-$869,873
Travel$801,864$37,948-$839,812
Grants to Domestic Individuals$512,150--$512,150
Conferences and Meetings$215,045$8,960-$224,005
Fees for Services Legal-$3,878-$3,878
Total Functional Expenses$1,129,907,265$279,538,442$0$1,409,445,707
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The Science Center and Environmental Park of Forsyth County Dba SciworksWinstonsalem, NC501(c)(3)Community Outreach$420,000
Senior Services IncWinstonsalem, NC501(c)(3)Community Outreach$150,000
The Leukemia & Lymphoma Society IncRye Brook, NY501(c)(3)Community Outreach$105,000
American Heart Association IncDallas, TX501(c)(3)Community Outreach$96,900
Cancer Services IncWinstonsalem, NC501(c)(3)Community Outreach$56,000
Forsyth FuturesWinstonsalem, NC501(c)(3)Community Outreach$40,000
United Way of Forsyth County IncWinstonsalem, NC501(c)(3)Community Outreach$40,000
March of Dimes FoundationWhite Plains, NY501(c)(3)Community Outreach$37,500
Town of KernersvilleKernersville, NCGovernmentCommunity Outreach$35,000
Winston-salem AllianceWinstonsalem, NC501(c)(6)Community Outreach$35,000
Crosby Scholars Community PartnershipWinstonsalem, NC501(c)(3)Community Outreach$30,000
Greater Winston-salem Chamber of Commerce IncWinstonsalem, NC501(c)(6)Community Outreach$30,000
YOUNG WOMEN'S CHRISTIAN ASSOCIATION OF THE CENTRAL CAROLINAS INCCharlotte, NC501(c)(3)Community Outreach$30,000
Davie Community Foundation IncMocksville, NC501(c)(3)Community Outreach$25,000
Habitat for Humanity of Forsyth CountyWinston Salem, NC501(c)(3)Community Outreach$25,000
Neighborhoods HandsWinstonsalem, NC501(c)(3)Community Outreach$25,000
Piedmont Triad PartnershipHigh Point, NC501(c)(3)Community Outreach$25,000
Second Harvest Food Bank of Northwest Nc IncWinstonsalem, NC501(c)(3)Community Outreach$25,000
The Shalom Project IncWinstonsalem, NC501(c)(3)Community Outreach$25,000
Winston-salem State University Foundation IncWinstonsalem, NC501(c)(3)Community Outreach$25,000
SHEPHERD'S CENTER OF GREATER WINSTON-SALEM INCWinstonsalem, NC501(c)(3)Community Outreach$20,000
Abc of Nc FoundationWinstonsalem, NC501(c)(3)Community Outreach$17,000
Leadership Winston-salemWinstonsalem, NC501(c)(3)Community Outreach$16,000
Crisis Control Ministry IncWinstonsalem, NC501(c)(3)Community Outreach$15,000
Exchange Club Center for Prevention of Child Abuse of Nc IncWinstonsalem, NC501(c)(3)Community Outreach$15,000
Family Services IncWinstonsalem, NC501(c)(3)Community Outreach$15,000
Go Far IncColfax, NC501(c)(3)Community Outreach$15,000
Greensboro Science CenterGreensboro, NC501(c)(3)Community Outreach$15,000
Samaritan MinistriesWinstonsalem, NC501(c)(3)Community Outreach$15,000
Winston-salem Teacher ResidencyWinston Salem, NC501(c)(3)Community Outreach$15,000
Greensboro Area Chamber of CommerceGreensboro, NC501(c)(6)Community Outreach$10,000
Lead Girls of Nc IncWinstonsalem, NC501(c)(3)Community Outreach$10,000
Love Out LoudWinstonsalem, NC501(c)(3)Community Outreach$10,000
Medassist of Mecklenburg Dba Nc MedassistCharlotte, NC501(c)(3)Community Outreach$10,000
The Centers for Exceptional Children IncWinstonsalem, NC501(c)(3)Community Outreach$10,000
The Volunteer Center of the TriadGreensboro, NC501(c)(3)Community Outreach$10,000
Clemmons Food Pantry IncClemmons, NC501(c)(3)Community Outreach$8,000
Hands of Hope Medical ClinicYadkinville, NC501(c)(3)Community Outreach$8,000
Hope of Winston-salem IncWinstonsalem, NC501(c)(3)Community Outreach$8,000
Ronald Mcdonald House of Winston-salemWinstonsalem, NC501(c)(3)Community Outreach$7,500
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Murphy Taylor WilliamFamily Member of Tracey Martin, Board MemberCompensation Paid by the Filing Organization to the Interested Person.No$17,412
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease$25,141,961
Other Liabilities$13,959,181
Third Party Payment Payable$7,923,301
Patient Refunds$7,334,739
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Form 990, part vi, section a, line 6: classes of members or stockholders the corporation is a nonprofit corporation with members (or a member). Member has sole voting authority over all matters. In addition to these powers, member has certain rights subject to the reserved powers of novant health, inc.

Form 990, Part VI, Section A, Line 7A

Form 990, part vi, section a, line 7a: election of members and their rights novant health, inc. Elects all members of the governing body of forsyth memorial hospital,inc.

Form 990, Part VI, Section A, Line 7B

Form 990, part vi, section a, line 7b: decisions subject to approval of members novant health, inc. Has certain reserved powers, such as approval of amendments to the articles and bylaws of the corporation, and to adopt certain policies which shall be implemented by the corporation board.

Form 990, Part VI, Section B, Line 11B

Form 990, part vi, section b, line 11: organization's process to review form 990 the board has delegated review of the form 990 to novant health's board of trustees' audit and compliance committee ("the committee"), which oversees tax matters for entities in the novant health system. The committee is the review body for all of the form 990s filed for organizations within the novant health system. The committee meets before the form 990s are filed with the irs and after all board members have been provided a paper or electronic copy of the form 990 and a summary of its contents. The vice president of tax and legal counsel for novant health attend the meeting to answer any questions and address any significant disclosures within the form 990.

Form 990, Part VI, Section B, Line 12C

Form 990, part vi, section b, line 12c: monitoring and enforcement of coi the organization's trustee conflict of interest policy applies to all trustees, principal officers or members of a committee with board delegated powers including any applicable disregarded entities. All trustees are sent an annual disclosure questionnaire. The trustee annual disclosure questionnaires are reviewed by the compliance department. With respect to particular transactions that come before the board, the conflict of interest policy would be followed. The potential conflict of interest would be disclosed by the board member before a vote on the transaction and the rest of the board would determine whether a conflict of interest exists. If the rest of the board determined that a conflict of interest existed then the board member with the conflict of interest would not participate in the deliberations and vote.

Form 990, Part VI, Section B, Line 15

Form 990, part vi, section b, line 15a/15b: the filing organization is an integral part of novant health, an integrated healthcare system collectively referred to as "novant health." novant health, inc. Is the parent organization and independent and disinterested members of the novant health, inc. Board of trustees (who comprise the compensation and leadership committee of the board) review, approve, and oversee all aspects of compensation and benefits for certain leaders and executives ("executives") serving as officers, including the top management official, or key employees for novant health entities. The committee works with an independent compensation consultant and uses third party comparability data for functionally similar positions at similarly situated organizations to ensure that total compensation and benefits for each executive is reasonable for that executive's position. The committee reviews and approves executive compensation and benefits annually, consistent with the written executive compensation philosophy of novant health, and in a manner that qualifies for the rebuttable presumption of reasonableness, thereby assuring that total compensation and benefits provided to each executive is reasonable.

Form 990, Part VI, Section C, Line 19

Form 990, part vi, section c, line 19: governing documents disclosure the audited consolidated financial statements containing all organizations in the novant health system are posted to the novant health website. The governing documents and conflict of interest policy are not available to the public.

FORM 990, PART VII, SECTION B: INDEPENDENT CONTRACTORS

The filing entity is part of the not-for-profit integrated healthcare system known as novant health. Novant health, inc., the parent organization, is responsible for certain corporate support functions including accounts payable and issues forms 1099 for certain entities in the system including the filing entity. Information reported in part vii, section b represents the expenses paid on behalf of the filing entity to independent contractors over $100,000.

Form 990, Part VII, Section A, Line 1A

Upon internal analysis, we have determined one individual that should not have been reported as a key employee on prior forms 990, thus they are now disclosed as a former key employee.

Filing and Contact Details

Filer

Filer Name
Forsyth Memorial Hospital Inc
EIN
56-0928089
Phone
3362772411
Address
2085 FRONTIS PLAZA BLVD, WINSTON SALEM, NC 27103
Doing Business As
Novant Health Forsyth Medical Center

Signing Officer

Name
Geoffrey Gardner
Title
CFO
Phone
3362772411
Signed
2023-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carl Armato
Formed
1968
Legal Domicile
Nc
Voting Board Members
15
Independent Board Members
12
Employees
7,944
Volunteers
256

Preparer

Firm
Ernst & Young US Llp
Address
55 IVAN ALLEN JR BLVD SUITE 1000, ATLANTA, GA 30308
Preparer
Aerrial M Orr
Phone
4048748300
Supplemental Narrative

Additional Explanations

FORM 990, PI, L1: ORGANIZATION'S MISSION OR MOST SIGNIFICANT ACTIVITIES

Forsyth memorial hospital, inc. Doing business as novant health forsyth medical center ("nhfmc") is an integral part of the novant health system (collectively known as "novant health"), a not-for-profit integrated group of hospitals, physician clinics, outpatient centers and other healthcare service providers. The novant health network consists of more than 1,800 physicians and over 35,000 team members that provide care at nearly 800 locations, including 15 medical centers and hundreds of outpatient facilities and physician clinics. Headquartered in winston salem, north carolina, novant health is committed to making healthcare remarkable for patients and communities providing nearly six million patient visits annually. In 2022, the novant health system reported $7.6 billion in revenues. General information novant health forsyth medical center is an 859-bed hospital offering a wide range of services in emergency, medical, surgery, neurology, critical care, oncology, women's health and wellness and behavioral health. Centers of excellence include the may angelou women's health and wellness center, heart and vascular institute, derrick l. Davis cancer institute, stroke and neurosciences center, orthopedic center and behavioral health. Novant health kernersville medical center is a 50-bed hospital offering a wide range of services in emergency, surgery, cardiovascular, diagnostic and cancer care close to home for local residents. Novant health clemmons medical center is a 36-bed hospital offering emergency, imaging, laboratory, medical, surgery and orthopedic services. The medical center first opened in april 2013 and was expanded to a full-service hospital in august 2017. By bringing together world-class technology and clinicians to provide quality care, we are committed to creating a healthcare experience that is simpler, more convenient and more affordable so patients can focus on getting better and staying healthy. In addition to our quality of services and comprehensive categories of services, we are very proud of our patient financial assistance program. We work with patients to help qualify them for public assistance, establish a reasonable payment plan, discount their bill, or provide free care for those that qualify for financial assistance. Community outreach community outreach is a critical component to the mission of novant health forsyth medical center, novant health clemmons medical center and novant health kernersville medical center. Novant health provides hundreds of programs that serve patients, neighbors and some of our communities' most vulnerable citizens. We also provide charity medical care for the uninsured, services to individuals with medicaid coverage reimbursed at less than cost, community health education, medical services that lose money but are important for the community, support groups, outreach services, community events and screenings. In addition, we participate in medical research, academic health programs and partnerships with a diverse group of organizations to provide other community initiatives. Novant health forsyth medical center supported the community in 2022 through resources, screenings/clinics, health education initiatives and classes, social and environmental improvement activities, community building activities, in-kind donations, and more. Resources included mycommunity access and printed resource cards for anyone to search for local free and reduced cost services, 'ask the educator in english and spanish', and hispanic outreach specifically for navigating healthcare. Screenings/clinics provided were for blood pressure/hypertension mobile clinics and screenings, cholesterol screenings, a1c screenings, and breast cancer & mammography screenings. Maternal & infant health initiatives included childbirth preparation, breastfeeding, infant safety & cpr, car seat safety, newborn care (in english and spanish), sibling preparation, dad's 411, financial checklist for new parent classes, an

FORM 990, PI, L1: CONTINUED

Additional certifications for novant health kernersville medical center include: - ancc magnet recognition program designation - metabolic & bariatric surgery accreditation and quality improvement program - fda mqsa certification - international association for healthcare security and safety - north carolina division of medical assistance - medicaid - tjc - acute stroke ready hospital - united states department of health & human services - clia - united states department of health & human services - medicare novant health clemmons medical center gold safety award north carolina department of labor leader in lgbtq healthcare equality human rights campaign (2017, 2018, 2019, 2020, 2022) guardian of excellence award press ganey associates (2018, 2019) hip and knee joint replacement certification the joint commission magnet recognition program designation american nurses credentialing center additional certifications for novant health clemmons medical center include: - international association for healthcare security and safety - north carolina division of medical assistance - medicaid - tjc - hip joint replacement certification - tjc - knee joint replacement certification - united states department of health & human services - clia - united states department of health & human services - medicare accreditation novant health forsyth medical center, novant health clemmons medical center, and novant health kernersville medical center have been fully accredited by the joint commission, an independent organization that evaluates a healthcare organization's performance in areas that most affect patient health and safety. In addition, we have earned some of the nation's top honors in quality care, including breast center accreditation. Novant health kernersville medical center also meets all criteria as a comprehensive center under the metabolic and bariatric surgery accreditation and quality improvement program (mbsaqip), a joint program of the american college of surgeons (acs) and the american society for metabolic and bariatric surgery (asmbs). The mbsaqip standards ensure that bariatric surgical patients receive a multidisciplinary program, not just a surgical procedure, which improves patient outcomes and long-term success. Additional accreditations for novant health forsyth medical center: - american association of blood banks - american college of radiology: radiation oncology - american nurses credentialing center - nurse residency program - american society of health system pharmacists - pharmacy residency program - college of american pathology - intersocietal accreditation commission echocardiography laboratories - novant health cancer institute - national accreditation program for breast centers - national association epilepsy centers additional accreditations for novant health clemmons medical center - american association of blood banks - american nurses credentialing center - nurse residency program - college of american pathology additional accreditations for novant health kernersville medical center - american association of blood banks - american college of radiology: mammography - american college of radiology: radiation oncology - american nurses credentialing center - nurse residency program - college of american pathology - intersocietal accreditation commission echocardiography laboratories - novant health cancer institute - national accreditation program for breast centers community benefit report https://www.novanthealth.org/about/community/community-health-needs/ the community benefit report, referred to as a community impact report, prepared by novant health is a system-wide report that includes qualitative and quantitative information. Please note that the numeric data in this report is not based upon the form 990, schedule h criteria, but rather it has been prepared in accordance with the north carolina healthcare association reporting guidelines. It should not be relied upon as the organization's form 990,

FORM 990, PART III, LINE 1: MISSION, VISION, AND VALUES

Mission novant health exists to improve the health of our communities, one person at a time. Vision we, the novant health team, will deliver the most remarkable patient experience, in every dimension, every time. Values -compassion: we treat our customers and their families, staff and other healthcare providers as family members with kindness, patience, empathy and respect. -diversity and inclusion: we recognize that every person is different, each shaped by unique life experiences. This enables us to better understand each other and our customers. By engaging the strengths and talents of each team member, we ensure a strong organization capable of providing remarkable healthcare to our patients, families and communities. -personal excellence: we strive to grow personally and professionally and approach each service opportunity with a positive, flexible attitude. Honesty and personal integrity guide all we do. -teamwork: the needs and expectations of any one customer are greater than what one person's service efforts can satisfy. We support each other so that together as a team, we can be successful in the eye of the customer as a quality service provider. -courage: we act boldly in making the changes necessary to achieve our mission, vision and promise of delivering remarkable healthcare. -safety: we embrace a culture in which "first, do no harm" is the foundation of remarkable healthcare. Our work environment is one of open communication, high-reliability, and a relentless quest toward zero events of preventable harm. Our people we are an inclusive team of purpose-driven people inspired and united by our passion to care for each other, our patients and our communities. We always remember, our business is the care of all people, starting with our team members. Our promise we are relentlessly pursuing remarkable care every day - so you can expect the compassionate, expert, personal experience you deserve.

FORM 990, PART III, LINE 4A: PROGRAM SERVICE ACCOMPLISHMENTS

Kmc has 50 licensed beds. During 2022 there were 11,382 patient days with an average length of stay of 5 days, an average daily census of 31, and 2,378 discharges. There were 3,411 inpatient and outpatient surgeries, a total of 57,362 outpatient encounters and 35,635 emergency department visits. Cmc has 36 licensed beds. During 2022 there were 5,309 patient days with an average length of stay of 3 days, an average daily census of 15, and 1,711 discharges. There were 4,106 inpatient and outpatient surgeries, a total of 38,237 outpatient encounters and 24,214 emergency department visits.

FORM 990, PART XI, LINE 9:

Contributions: -1,489,510. Affiliate transfers: -541,580. Investment in norfolk partnership: -2,955,651.

Financial Statement Notes

PART V, LINE 4:

The endowment funds are held for community engagement.

PART X, LINE 2:

Part x, line 2: liability under fin 48 (asc 740) footnote the audit for novant health and its affiliates is prepared on a consolidated basis. The company is required to evaluate uncertain tax positions. This evaluation includes a quantification of tax risk in areas such as unrelated business taxable income and the taxation of our for-profit subsidiaries. This evaluation did not have a material effect on the company's consolidated statements of operations and changes in net assets for the years ended december 31, 2022 and 2021.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/TitleTxt0TRUSTEE/SENIOR PHYSICIAN EXECUTIVE
IRS990/Form990PartVIISectionAGrp/TitleTxt1TRUSTEE/CLINICAL PHYSICIAN EXECUTIVE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13SECRETARY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15EVP & CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt16PRESIDENT NHFMC & GWM
IRS990/Form990PartVIISectionAGrp/TitleTxt17COO
IRS990/Form990PartVIISectionAGrp/TitleTxt18PRES & COO
IRS990/Form990PartVIISectionAGrp/TitleTxt19UROLOGIST
IRS990/Form990PartVIISectionAGrp/TitleTxt20ONCOLOGIST
IRS990/Form990PartVIISectionAGrp/TitleTxt21SVP CHIEF CLINICAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt22UROLOGIST
IRS990/Form990PartVIISectionAGrp/TitleTxt23FMR PRES & COO KMC (SEE SCHEDULE O)
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IRS990/GrantsToOrganizationsInd01
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IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0698686
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IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
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IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
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IRS990/MissionDesc0SEE SCHEDULE O
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IRS990/NetAssetsOrFundBalancesEOYAmt01905619517
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0247043
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0247043
IRS990/NetIncomeOrLossGrp/ExclusionAmt016130

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