IRS Form 990 · EIN 56-1376950

Novant Health Inc

Winston Salem, NC 27103-5614 · Tax year 2023

NTEE E22Specialty Hospital

$4.02B

Total revenue

$3.90B

Total expenses

$44.7M

Net income

1.1%

Operating margin

Financial summary

Hospital-specific data — what the org reports to defend tax-exempt status

Compared to 19 organizations with NTEE E22 in NC

Avg revenue (peers)

$822.6M

This org:$4.02B

Avg net income (peers)

$-64K

This org:$44.7M

Avg top exec comp (peers)

$683K

This org (highest):$8.2M

44 officers + key employees from the most recent Schedule J filing (FY2024; the financial summary above is FY2023)

Name	Title	Hours/wk	Base comp	Total comp
CARL ARMATO	TRUSTEE, PRES/CEO NH	50.2	$2.4M	$8.2M
JAMES DEAN SWINDLE	EVP	50	$1.2M	$3.3M
HOWARD HOMESLEY MD	ORTHOPAEDIST	45	$1.9M	$3.0M
JOHN GIZDIC	EVP	50	$1.1M	$2.5M
DEREK BERNSTEIN MD	ORTHOPAEDIST	45	$1.5M	$2.2M
JOHN MARCEL MD	ORTHOPAEDIST	45	$1.2M	$2.1M
DAVID DUVALL	FMR SVP MARKETING & COMMUNICATIONS	45	$2.1M	$2.1M
PAMELA OLIVER MD	EVP	50	$877K	$2.1M
RASHID JANJUA MD	NEUROSURGEON	45	$864K	$2.0M
DENISE MIHAL	EVP	50	$878K	$2.0M
FRANK EMORY JR	EVP	50	$828K	$1.9M
KIMBERLY HENDERSON	EVP	50	$807K	$1.6M
ONYEKA NCHEGE	EVP	50	$697K	$1.5M
GEOFFREY GARDNER	CFO (TO 4/28/24)	50	$457K	$1.3M
ALICE POPE	EVP/CFO (FR 4/29/24)	50	$824K	$1.2M
SANJAY GUPTA	EVP	50	$709K	$1.1M
CHERE GREGORY MD	FMR KE (12/31/21)	50	$497K	$1.1M
JESSE CURETON	FMR KE (4/27/23)	0	—	$1.1M
THOMAS JENIKE MD	FMR KE (12/31/21)	50	$446K	$1.0M
SCOTT MYERS	FMR KE (12/31/21)	50	$489K	$1.0M
LAURIE WHALIN	FMR KE (12/31/21)	50	$466K	$833K
ALLISON GREEAR	FMR KE (12/31/21)	50	$366K	$657K
KATHRYN LANGFORD	FMR KE (12/31/21)	50	$162K	$651K
SHELBOURN STEVENS	FMR KE (12/31/21)	0	—	$630K
JONATHAN APPLEBAUM	FMR KE (12/31/21)	50	$304K	$608K

Revenue and net income trend across all available filings

RevenueNet income

Year	Revenue	Expenses	Net income	Assets
2024	—	—	—	—
2023	$4.02B	$3.90B	$44.7M	$9.60B
2022	$3.19B	$3.22B	$26.1M	$8.96B
2021	$2.82B	$2.57B	$266.6M	$9.34B
2020	$1.07B	$1.04B	$27.8M	$5.37B
2019	$1.02B	$963.1M	$80.3M	$4.52B
2018	$911.9M	$825.2M	$117.6M	$3.94B
2017	$881.0M	$831.0M	$102.5M	$4.15B
2016	$764.9M	$763.5M	$32.8M	$3.61B
2015	$766.4M	$770.0M	$34.3M	$3.57B

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