WINSTON SALEM, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)ROWAN REGIONAL MEDICAL CENTER INC, founded in 1933, is a mid-sized nonprofit that reported $21.7M in total revenue in fiscal year 2021. Revenue fell 93% from the prior year — a significant decline worth monitoring. Expenses of $25.6M exceeded revenue, resulting in a 18% operating deficit.
MISSION NOVANT HEALTH EXISTS TO IMPROVE THE HEALTH OF OUR COMMUNITIES, ONE PERSON AT A TIME. VISION WE, THE NOVANT HEALTH TEAM, WILL DELIVER THE MOST REMARKABLE PATIENT EXPERIENCE, IN EVERY DIMENSION, EVERY TIME. VALUES -COMPASSION: WE TREAT OUR CUSTOMERS AND THEIR FAMILIES, STAFF AND OTHER HEALTHCARE PROVIDERS AS FAMILY MEMBERS WITH KINDNESS, PATIENCE, EMPATHY AND RESPECT. -DIVERSITY AND INCLUSION: WE RECOGNIZE THAT EVERY PERSON IS DIFFERENT, EACH SHAPED BY UNIQUE LIFE EXPERIENCES. THIS ENABLES US TO BETTER UNDERSTAND EACH OTHER AND OUR CUSTOMERS. BY ENGAGING THE STRENGTHS AND TALENTS OF EACH TEAM MEMBER, WE ENSURE A STRONG ORGANIZATION CAPABLE OF PROVIDING REMARKABLE HEALTHCARE TO OUR PATIENTS, FAMILIES AND COMMUNITIES. -PERSONAL EXCELLENCE: WE STRIVE TO GROW PERSONALLY AND PROFESSIONALLY AND APPROACH EACH SERVICE OPPORTUNITY WITH A POSITIVE, FLEXIBLE ATTITUDE. HONESTY AND PERSONAL INTEGRITY GUIDE ALL WE DO. -TEAMWORK: THE NEEDS AND EXPECTATIONS OF ANY ONE CUSTOMER ARE GREATER THAN WHAT ONE PERSON'S SERVICE EFFORTS CAN SATISFY. WE SUPPORT EACH OTHER SO THAT TOGETHER AS A TEAM, WE CAN BE SUCCESSFUL IN THE EYE OF THE CUSTOMER AS A QUALITY SERVICE PROVIDER. -COURAGE: WE ACT BOLDLY IN MAKING THE CHANGES NECESSARY TO ACHIEVE OUR MISSION, VISION AND PROMISE OF DELIVERING REMARKABLE HEALTHCARE. -SAFETY: WE EMBRACE A CULTURE IN WHICH "FIRST, DO NO HARM" IS THE FOUNDATION OF REMARKABLE HEALTHCARE. OUR WORK ENVIRONMENT IS ONE OF OPEN COMMUNICATION, HIGH-RELIABILITY, AND A RELENTLESS QUEST TOWARD ZERO EVENTS OF PREVENTABLE HARM. OUR PEOPLE WE ARE AN INCLUSIVE TEAM OF PURPOSE-DRIVEN PEOPLE INSPIRED AND UNITED BY OUR PASSION TO CARE FOR EACH OTHER, OUR PATIENTS AND OUR COMMUNITIES. WE ALWAYS REMEMBER, OUR BUSINESS IS THE CARE OF ALL PEOPLE, STARTING WITH OUR TEAM MEMBERS. OUR PROMISE WE ARE RELENTLESSLY PURSUING REMARKABLE CARE EVERY DAY - SO YOU CAN EXPECT THE COMPASSIONATE, EXPERT, PERSONAL EXPERIENCE YOU DESERVE.
CONSISTENT WITH THE ORGANIZATION'S EXEMPT PURPOSE, ROWAN REGIONAL MEDICAL CENTER, INC. (RRMC) PROMOTED THE HEALTH AND WELL-BEING OF THE INHABITANTS OF THE COMMUNITY IN WHICH THE ORGANIZATION...
CONSISTENT WITH THE ORGANIZATION'S EXEMPT PURPOSE, ROWAN REGIONAL MEDICAL CENTER, INC. (RRMC) PROMOTED THE HEALTH AND WELL-BEING OF THE INHABITANTS OF THE COMMUNITY IN WHICH THE ORGANIZATION OPERATED, SERVING ALL MEMBERS OF THE COMMUNITY REGARDLESS OF THEIR ABILITY TO PAY. IN JANUARY 2022, RRMC CONVERTED TO A LIMITED LIABILITY COMPANY WHOLLY OWNED BY NOVANT HEALTH, INC., A TAX-EXEMPT HEALTHCARE ORGANIZATION, AND ALL CONTINUING OPERATIONS ARE REPORTED ON THE NOVANT HEALTH, INC.'S FORM 990.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2021 | 2020 | Change | |
|---|---|---|---|
| Revenue | $21,650,669 | $304,593,264 | -0.9% |
| Expenses | $25,617,789 | $297,207,590 | -0.9% |
| Net Income | $-3,967,120 | $7,385,674 | -1.5% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MISNER GAVIN MD | TRUSTEE | 0.20 |
Director
|
$0 | $0 | $0 |
| BLABON GARY | PRES/ASST SEC | 0.20 |
Officer
Director
|
$0 | $0 | $0 |
| CLINE WAYNE MD | TRUSTEE | 0.20 |
Director
|
$0 | $0 | $0 |
| EVERETT JOHN | TRUSTEE | 0.20 |
Director
|
$0 | $0 | $0 |
| HOOD PERRY | TREASURER | 0.20 |
Officer
Director
|
$0 | $0 | $0 |
| JONES BRUCE | CHAIR | 0.20 |
Officer
Director
|
$0 | $0 | $0 |
| LOCKLEAR RICHARD | TRUSTEE | 0.20 |
Director
|
$0 | $0 | $0 |
| MALLETT BARBARA | TRUSTEE | 0.20 |
Director
|
$0 | $0 | $0 |
| PATTERSON FRANCES | VICE CHAIR | 0.20 |
Officer
Director
|
$0 | $0 | $0 |
| PONDS MARY | SEC | 0.20 |
Officer
Director
|
$0 | $0 | $0 |
| SMITH DAVID | TRUSTEE | 0.20 |
Director
|
$0 | $0 | $0 |
| STEEN FRED | TRUSTEE | 0.20 |
Director
|
$0 | $0 | $0 |
| STOREY MATTHEW MD | TRUSTEE | 0.20 |
Director
|
$0 | $0 | $0 |
| VAN DER POEL JACK | TRUSTEE | 0.20 |
Director
|
$0 | $0 | $0 |
| WAGONER EDWARD | TRUSTEE | 0.20 |
Director
|
$0 | $0 | $0 |
| DORTON LEIGHANNE MD | TRUSTEE | 0.20 |
Director
|
$0 | $0 | $0 |
| GEGOREK ELIA | TRUSTEE | 0.20 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2022 | $21,650,669 | $25,617,789 | No data | $-3,967,120 |
| 2021 | $304,593,264 | $297,207,590 | $153,430,759 | $7,385,674 |
| 2020 | $265,385,175 | $265,144,202 | $166,817,052 | $240,973 |
| 2019 | $237,958,002 | $239,550,436 | $145,830,615 | $-1,592,434 |
| 2018 | $221,029,703 | $223,675,251 | $126,274,268 | $-2,645,548 |
Compare ROWAN REGIONAL MEDICAL CENTER INC with other nonprofits in North Carolina and across the country.