BRUNSWICK NOVANT MEDICAL CENTER FOUNDATION

Financial Trends

Organization Details

BRUNSWICK NOVANT MEDICAL CENTER FOUNDATION, founded in 2010, is a small nonprofit in the Health Care sector that reported $139K in total revenue in fiscal year 2023. Revenue fell 98% from the prior year — a significant decline worth monitoring. Expenses of $297K exceeded revenue, resulting in a 114% operating deficit.

Mission

NOVANT HEALTH IS A NON-PROFIT INTEGRATED HEALTHCARE SYSTEM OF 15 MEDICAL CENTERS WITH MORE THAN 35,000 EMPLOYEES AND 1,800 PHYSICIANS IN OVER 800 LOCATIONS, AS WELL AS NUMEROUS OUTPATIENT SURGERY CENTERS, MEDICAL PLAZAS, REHABILITATION PROGRAMS, DIAGNOSTIC IMAGING CENTERS AND COMMUNITY HEALTH OUTREACH PROGRAMS. HEADQUARTERED IN WINSTON-SALEM, NORTH CAROLINA, NOVANT HEALTH'S TEAM MEMBERS AND PHYSICIAN PARTNERS CARE FOR PATIENTS AND COMMUNITIES IN NORTH CAROLINA, SOUTH CAROLINA AND GEORGIA. THE NOVANT HEALTH INTEGRATED HEALTHCARE SYSTEM OPERATES TO CARRY OUT ITS CHARITABLE MISSION OF IMPROVING THE HEALTH OF COMMUNITIES IT SERVES AND MAKING HEALTHCARE REMARKABLE FOR PATIENTS. NOVANT HEALTH ACCOMPLISHES THAT MISSION BY PROVIDING AND SUPPORTING EXCELLENT HEALTHCARE FACILITIES AND PHYSICIAN PRACTICES AND BY MAKING A COMMITMENT TO COMMUNITY OUTREACH/SERVICE THROUGH THE PROVISION OF COMMUNITY BENEFIT PROGRAMS. BY BRINGING TOGETHER WORLD-CLASS TECHNOLOGY AND CLINICIANS TO PROVIDE QUALITY CARE, NOVANT HEALTH IS 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 2023, NOVANT HEALTH PROVIDED NEARLY 7 MILLION PATIENT VISITS AND OVER $1.5 BILLION OF COMMUNITY BENEFIT EXPENDITURES SYSTEM-WIDE. BRUNSWICK NOVANT MEDICAL CENTER FOUNDATION ("BNMCF") IS AN INTEGRAL PART OF NOVANT HEALTH. BNMCF, DOING BUSINESS AS NOVANT HEALTH BRUNSWICK MEDICAL CENTER FOUNDATION, EXISTS TO SEEK GRANTS, ACCEPT GIFTS, INVEST FUNDS, AND ADMINISTER DONATIONS IN SUPPORT OF BRUNSWICK COMMUNITY HOSPITAL, DOING BUSINESS AS NOVANT HEALTH BRUNSWICK MEDICAL CENTER ("NHBMC"). BNMCF SUPPORTS PATIENTS, FAMILIES, CAREGIVERS, AND TEAM MEMBERS WITH PROGRAMS AND SERVICES PROVIDING EXPANDED CARE, TREATMENT AND PREVENTION OPTIONS AT NHBMC. BNMCF ALSO PROVIDES MISSION-ALIGNED GRANTS TO COMMUNITY PARTNERS THAT HELP SUPPLEMENT HEALTHCARE AND PREVENTION PROGRAMS FOR UNDERSERVED PATIENTS. ITS DIVERSE BOARD OF COMMUNITY LEADERS IN BRUNSWICK COUNTY, NORTH CAROLINA PROVIDES STEWARDSHIP AND OVERSIGHT OF THE ORGANIZATION'S OPERATIONS AND ACTIVITIES. COMMUNITY OUTREACH COMMUNITY OUTREACH IS A CRITICAL COMPONENT TO THE MISSION OF NOVANT HEALTH. THE HEALTHCARE SYSTEM PROVIDES HUNDREDS OF PROGRAMS THAT SERVE PATIENTS, NEIGHBORS, AND SOME OF THE COMMUNITIES' MOST VULNERABLE CITIZENS. NOVANT ALSO PROVIDES FINANCIAL ASSISTANCE (I.E., CHARITY CARE) FOR ITS QUALIFIED UNINSURED PATIENTS, CATASTROPHIC SETTLEMENTS AND LONG-TERM PAYMENT PLANS TO MEDICALLY INDIGENT PATIENTS, SERVICES TO PATIENTS WITH MEDICARE, MEDICAID, AND OTHER GOVERNMENT MEDICAL PROGRAM COVERAGE (REIMBURSED AT LESS THAN COST), COMMUNITY HEALTH EDUCATION, SUPPORT GROUPS, SUBSIDIZED OUTREACH SERVICES, AND COMMUNITY EVENTS/SCREENINGS. IN ADDITION, NOVANT PARTICIPATES IN MEDICAL RESEARCH, AS WELL AS ACADEMIC HEALTH PROGRAMS AND PARTNERSHIPS WITH A DIVERSE GROUP OF ORGANIZATIONS TO PROVIDE OTHER COMMUNITY INITIATIVES. NOVANT HEALTH IS ALSO COMMITTED TO SUPPORTING THE COMMUNITIES IT SERVES THROUGH CHARITABLE CONTRIBUTIONS TO COMMUNITY-BASED PROGRAMS THAT IMPROVE HEALTH EQUITY AND UPWARD MOBILITY FOR THOSE WHO NEED IT MOST. TOWARD THAT GOAL, NOVANT INVESTS IN COMMUNITY-BASED PROGRAMS THAT ALIGN WITH ITS TWO INVESTMENT PRIORITIES OF DEVELOPING HEALTHY COMMUNITIES AND EXPANDING OPPORTUNITIES FOR HEALTHCARE EDUCATION. IN 2023, BNMCF'S GIFTS, GRANTS, AND EARNINGS FROM INVESTMENTS WERE USED TO SUPPORT MANY PATIENT AND COMMUNITY OUTREACH PROGRAMS. EXAMPLES OF FINANCIAL SUPPORT PROVIDED TO NHBMC INCLUDE: - OPERATIONAL FUNDING FOR THE NHBMC COMMUNITY BABY SHOWER PROGRAM TO PURCHASE BABY EQUIPMENT (E.G., CAR SEATS, STROLLERS), CLOTHING, ACCESSORIES, DIAPERS, AND TOILETRIES FOR EXPECTANT MOTHERS IN NEED. - OPERATIONAL FUNDING FOR THE CARING CRADLE PROGRAM TO PURCHASE SPECIFIC MEDICAL DEVICES FOR FAMILIES EXPERIENCING FETAL LOSS TO EXTEND THE TIME THEY HAVE WITH THEIR INFANT TO HELP WITH THE HEALING PROCESS. - OPERATIONAL FUNDING FOR THE HEART FAILURE PROGRAM TO PURCHASE SCALES FOR PATIENTS THAT COULD NOT OTHERWISE AFFORD THEM TO TRACK WEIGHT GAIN AND FLUID RETENTION WITH DAILY WEIGH-INS. - OPERATIONAL FUNDING FOR THE CANCER WELLNESS PROGRAM, WHICH PROVIDES NUTRITION, SUPERVISED EXERCISE, EDUCATION, AND BOTH COMMUNITY AND EMOTIONAL SUPPORT TO CANCER PATIENTS. THESE RESOURCES ARE INTENDED TO REDUCED FATIGUE, IMPROVED QUALITY OF LIFE, AND LOWER RISKS OF RECURRENCE. ADDITIONALLY, THE FUNDS ARE USED TO LAUNCH A CANCER WELLNESS PILOT COHORT SERVICING TEN PATIENTS AT NHBMC'S CARDIAC REHAB CENTER. - OPERATIONAL FUNDING FOR PROJECT SEARCH PROGRAM, WHICH PURCHASES MEAL VOUCHERS TO HELP ENSURE PROGRAM INTERNS HAVE MEALS THAT ARE BALANCED AND NUTRITIOUS WHILE HELPING TO TEACH MONEY-MANAGEMENT AND SOCIAL SKILLS. - OPERATIONAL FUNDING FOR THE UPWARD MOBILITY FUND, A WORKFORCE INITIATIVE SUPPORTING HIGHLY SKILLED TEAM MEMBERS WITH REACHING THEIR CAREER GOALS WHILE PROVIDING A LIVING WAGE THAT RAISES THE PARTICIPANT OUT OF POVERTY. EACH TEAM MEMBER PARTICIPANT RECEIVES UP TO TWO YEARS OF UPFRONT COVERAGE OF TUITION AND FEES FOR AN ACCREDITED NURSING PROGRAM LEADING TO LICENSURE AS A REGISTERED NURSE, FLEXIBILITY OF WORKING A REDUCED SCHEDULE WITHOUT A REDUCTION IN PAY, TIME TO STUDY, CAREER COACHING, AND MENTORSHIP. - OPERATIONAL FUNDING FOR THE NOVANT HEALTH COMMUNITY WELLNESS INITIATIVE, SPEARHEADED BY DR. OPHELIA GARMON-BROWN, WHICH SUPPORTS MULTIPLE COMMUNITY WELLNESS INITIATIVES, INCLUDING HEALTH EQUITY PROGRAMS AND SERVICES. - OPERATIONAL FUNDING FOR SCHOOL-BASED TELE-BEHAVIORAL HEALTH SERVICES TO SUSTAIN AND EXPAND THIS HEALTHCARE SERVICE OF NOVANT HEALTH OFFERED IN PARTNERSHIP WITH BRUNSWICK COUNTY SCHOOLS. - OPERATIONAL FUNDING FOR PRESCRIPTION ASSISTANCE TO PURCHASE PRESCRIPTION MEDICATIONS AND DURABLE MEDICAL EQUIPMENT FOR UNINSURED/UNDERINSURED PATIENTS TO ENSURE THESE PATIENTS ARE SAFELY DISCHARGED FROM NOVANT HEALTH CARE. - OPERATIONAL FUNDING FOR WOMEN'S AND CHILDREN'S OUTREACH, WHICH SUPPORTS PROGRAMS/SERVICES DESIGNED TO HELP BOTH EXPECTING AND NEW MOTHERS/FAMILIES PROVIDE A HEALTHY FUTURE FOR BABIES AND YOUNG CHILDREN. - OPERATIONAL FUNDING FOR BEHAVIORAL HEALTH SERVICES IN BRUNSWICK COUNTY AND SURROUNDING AREAS TO SUPPORT GREATER ACCESS AND CARE FOR PATIENTS SEEKING THESE SERVICES. - OPERATIONAL FUNDING FOR BREAST HEALTH SERVICES IN BRUNSWICK COUNTY AND SURROUNDING AREAS BY PROVIDING RESIDENTS WITH MAMMOGRAPHY SCREENINGS, DIAGNOSTICS, COMFORT ITEMS AND SPIRIT SUPPORT. - OPERATIONAL SUPPORT FOR THE ANGELA M. FISHER MEMORIAL FUND FOR EDUCATION TO SUPPORT CONTINUING EDUCATION AND PROFESSIONAL DEVELOPMENT FOR HOSPITAL NURSING AND MEDICAL TEAM MEMBERS. - GENERAL SUPPORT OF THE GREATEST NEED (BMC GENERAL) FUND, WHICH DISTRIBUTES DONATIONS TO VARIOUS RECIPIENTS UNDER DIRECTION OF NHBMC'S PRESIDENT (WITH INPUT FROM NHBMCF).

Financial Overview (2023)

Year-over-Year Comparison

Governance

Special Practices & Reported Activities

Compensation of Officers, Directors & Key Employees

Historical Data