Forsyth Memorial Hospital
Also known as Novant Health Forsyth Medical Center
Forsyth Memorial Hospital reported $1.56 billion in revenue and $1.57 billion in expenses for calendar year 2024. Of every $100 it spent, $81.94 went to program services, $18.06 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 99.2% of the total. The highest compensation it reported for one person was $8,150,937 (TRUSTEE/ PRES/CEO NH). 1,159 people received more than $100,000 in reportable compensation. Revenue rose 4% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $1.57BFor context, the median across 5,634 covered health care charities: $86.19 programs, $13.81 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $1.56BThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 81.9% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 18.1% | 13.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.2% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.1% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 99.2% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $8,150,937 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.52% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 1,159 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 23.0 | 6.6 |
| Independent voting board members Part VI 1a–1b | 18 of 21 | 88.9% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseForsyth 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…
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| TRUSTEE/ PRES/CEO NH Director/trustee, 0.20 hrs/week | $0 | $6,943,831 | $1,207,106 | $8,150,937 |
| FMR PRES/COO, SVP NH INST Former, 0.00 hrs/week | $0 | $1,279,821 | $187,263 | $1,467,084 |
| CFO (TO 4/28/24) Officer, 0.20 hrs/week | $0 | $1,254,252 | $45,078 | $1,299,330 |
| UROLOGIST Highest compensated employee, 45.00 hrs/week | $1,158,267 | $0 | $59,686 | $1,217,953 |
| PRES NHFMC/GWM (TO 10/28/24) Officer, 50.00 hrs/week | $1,148,502 | $0 | $51,487 | $1,199,989 |
| SVP CH CLIN OFFICER Highest compensated employee, 45.00 hrs/week | $831,999 | $201,679 | $155,823 | $1,189,501 |
| EVP/CFO (FR 4/29/24) Officer, 0.20 hrs/week | $0 | $991,687 | $183,469 | $1,175,156 |
| UROLOGIST Highest compensated employee, 45.00 hrs/week | $834,849 | $0 | $57,581 | $892,430 |
1,159 people received more than $100,000 in reportable compensation from Forsyth Memorial Hospital (Part VII, line 2). Compensation of current officers, directors and key employees totaled $2.3M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b21 · 18 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 58,133
- Volunteers Part I, line 6580
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| VANNOY CONSTRUCTION Construction services | $63,361,985 |
| AYA HEALTHCARE INC Staffing services | $43,732,974 |
| LABORATORY CORPORATION OF AMERICA HOLDIN Lab services | $19,634,508 |
| MORRISON HEALTHCARE Food management services | $18,731,049 |
| TRIMEDX INC Clinical engineering services | $12,931,203 |
Individuals listed as contractors are left out. 129 contractors were paid more than $100,000 in all.
Private foundation grants it received
2 private foundations reported grants to Forsyth Memorial Hospital totaling $64,557 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Forsyth Memorial Hospital's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Forsyth Memorial Hospital, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Forsyth Memorial Hospital spent in 2024, $81.94 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Dignity Health Medical FoundationPhoenix, AZ · revenue $1.55B · programs 91.8% · FY2025
- University of Wisconsin Medical FoundationMiddleton, WI · revenue $1.57B · programs 98.3% · FY2025
- Mother Frances Hospital Regional Health Care CenterIrving, TX · revenue $1.55B · programs 89.0% · FY2025
- Shriners Hospitals for ChildrenTampa, FL · revenue $1.58B · programs 73.4% · 2025
- Children's Hospital Medical Center of AkronAkron, OH · revenue $1.54B · programs 78.4% · 2024
All health care charities · Largest charities in North Carolina
Questions people ask
How much of Forsyth Memorial Hospital's spending goes to programs?
In calendar year 2024, Forsyth Memorial Hospital reported that 81.9% of its $1.57 billion in expenses went to program services, 18.1% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Forsyth Memorial Hospital pay its top executive?
The largest total compensation Forsyth Memorial Hospital reported for one person in calendar year 2024 was $8,150,937, for the role of TRUSTEE/ PRES/CEO NH (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Forsyth Memorial Hospital get its money?
Of $1.56 billion in revenue in calendar year 2024, 0.2% came from contributions and grants (including 0.1% from government grants) and 99.2% from program service revenue (Form 990, Part VIII).
Is Forsyth Memorial Hospital a registered charity?
The IRS lists EIN 56-0928089 as a 501(c)(3) organization (hospital or medical research organization), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202543189349307914 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202423199349309952 · read the filing
- 2022: Form 990 for calendar year 2022, object 202333189349311278 · read the filing
- 2021: Form 990 for calendar year 2021, object 202213189349314031 · read the filing
- 2020: Form 990 for calendar year 2020, object 202113169349309346 · read the filing
- 2019: Form 990 for calendar year 2019, object 202043079349300839 · read the filing
All filings for EIN 56-0928089: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.