Novant Health
Novant Health reported $6.54 billion in revenue and $6.19 billion in expenses for calendar year 2024. Of every $100 it spent, $76.11 went to program services, $23.89 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: 95.2% of the total. The highest compensation it reported for one person was $8,150,937 (TRUSTEE, PRES/CEO NH). 6,272 people received more than $100,000 in reportable compensation. Revenue rose 542% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $6.19BFor 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 $6.54BThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 76.1% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 23.9% | 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 | 1.2% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 1.0% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 95.2% | 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) | 0.13% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 6,272 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 1.7 | 6.6 |
| Independent voting board members Part VI 1a–1b | 14 of 16 | 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 expenseNovant 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
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
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
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, officer, 50.20 hrs/week | $6,943,831 | $0 | $1,207,106 | $8,150,937 |
| EVP Key employee, 50.00 hrs/week | $3,290,733 | $0 | $41,284 | $3,332,017 |
| ORTHOPAEDIST Highest compensated employee, 45.00 hrs/week | $2,983,719 | $0 | $57,471 | $3,041,190 |
| EVP Key employee, 50.00 hrs/week | $2,208,311 | $0 | $269,496 | $2,477,807 |
| ORTHOPAEDIST Highest compensated employee, 45.00 hrs/week | $2,120,243 | $0 | $32,421 | $2,152,664 |
| ORTHOPAEDIST Highest compensated employee, 45.00 hrs/week | $2,086,151 | $0 | $32,409 | $2,118,560 |
| FMR SVP MARKETING & COMMUNICATIONS Highest compensated employee, 45.00 hrs/week | $2,118,253 | $0 | $0 | $2,118,253 |
| EVP Key employee, 50.00 hrs/week | $1,825,710 | $0 | $238,642 | $2,064,352 |
6,272 people received more than $100,000 in reportable compensation from Novant Health (Part VII, line 2). Compensation of current officers, directors and key employees totaled $27M (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–1b16 · 14 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 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- 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 26Yes
- 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 14bYes
- Employees Part I, line 533,786
- Volunteers Part I, line 61,432
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| RJ LEEPER CONSTRUCTION Construction services | $125,782,799 |
| VANNOY CONSTRUCTION Construction services | $60,191,701 |
| AYA HEALTHCARE INC Staffing services | $52,956,936 |
| MCKINSEY & COMPANY Consulting services | $52,604,000 |
| EPIC SYSTEMS CORPORATION It consulting services | $39,525,969 |
Individuals listed as contractors are left out. 593 contractors were paid more than $100,000 in all.
Private foundation grants it received
5 private foundations reported grants to Novant Health totaling $208K 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 Novant Health's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Novant Health, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Novant Health spent in 2024, $76.11 went to programs. The full breakdown, from its IRS Form 990:
Embed on your site
Similar-sized charities in this cause
- Sentara Health PlansVirginia Beach, VA · revenue $6.50B · programs 98.3% · 2024
- Risant HealthOakland, CA · revenue $6.73B · programs 100.0% · 2024
- Inova Health CARE ServicesFairfax, VA · revenue $6.42B · programs 85.0% · 2024
- Ucare MinnesotaStuart, VA · revenue $7.08B · programs 97.7% · 2025
- Duke University Health SystemDurham, NC · revenue $6.17B · programs 84.8% · FY2025
All health care charities · Largest charities in North Carolina
Questions people ask
How much of Novant Health's spending goes to programs?
In calendar year 2024, Novant Health reported that 76.1% of its $6.19 billion in expenses went to program services, 23.9% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Novant Health pay its top executive?
The largest total compensation Novant Health 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 Novant Health get its money?
Of $6.54 billion in revenue in calendar year 2024, 1.2% came from contributions and grants (including 1.0% from government grants) and 95.2% from program service revenue (Form 990, Part VIII).
Is Novant Health a registered charity?
The IRS lists EIN 56-1376950 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 202503219349317035 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202433199349311768 · read the filing
- 2022: Form 990 for calendar year 2022, object 202313189349316801 · read the filing
- 2021: Form 990 for calendar year 2021, object 202233199349320913 · read the filing
- 2020: Form 990 for calendar year 2020, object 202143199349310919 · read the filing
- 2019: Form 990 for calendar year 2019, object 202043079349302234 · read the filing
All filings for EIN 56-1376950: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.