North Carolina · South Carolina · Ranked 24 of 1033 by CEO pay.
Novant Health
Carl Armato, Trustee, Pres/CEO NH. Fiscal year ending 2024-12.
Form 990 Part VII, columns D+E+F
Schedule H Part I line 7a
§1The filing
- Total revenue
- $8,103,566,392
- Total expenses
- $7,758,793,041
- Net assets
- $3,871,405,633
- Employees
- 41,919
- Hospitals covered
- 13 facilities across 2 filings
- Charity care, net
- $108,587,243
- Bad debt
- $247,558,652
- Medicare surplus (shortfall), as filed
- ($36,568,092)
- CEO pay from the organization (Part VII col. D)
- $6,943,831
- From related organizations (col. E)
- $0
- Other compensation, including deferred pay and nontaxable benefits (col. F)
- $1,207,106
- CEO total compensation (D+E+F)
- $8,150,937 to Carl Armato
Medicare surplus (shortfall) is Schedule H Part III line 7: Medicare revenue minus the cost of Medicare care. A figure in parentheses is a shortfall. Like bad debt, it is not community benefit on the IRS form.
Source: Form 990, Novant Health, EIN 56-1376950, fiscal year ending 2024-12, as published by the IRS. CEO identification: ceo title.
§2Community benefit versus charity care
The rest of line 7k is Medicaid shortfall, medical education, research, subsidized services and contributions. Bad debt ($247.6M) and Medicare shortfall are reported separately by the IRS and are not community benefit on the form.
§3Filings in this system
| Filing entity | EIN | FY end | Revenue | Charity care | % of expenses | Filing |
|---|---|---|---|---|---|---|
| Novant Health Inc | 56-1376950 | 2024-12 | $6.5B | $80.0M | 1.29% | 990 |
| Forsyth Memorial Hospital Inc | 56-0928089 | 2024-12 | $1.6B | $28.6M | 1.82% | 990 |
Every number on this page was copied from the filing linked above. If a figure is wrong, send the filing that contradicts it and the correction runs at the top of this page.
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