THE PRESBYTERIAN HOSPITAL

EIN: 560554230 501(c)(3) Health Care

WINSTON SALEM, NC

Total Revenue
$1,961,862,731
Total Expenses
$1,703,294,271
Total Assets
$3,105,375,117
Net Assets
$2,891,312,943
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1903
Legal Domicile
NC
Principal Officer
CARL ARMATO
Phone
3362772411
Tax Period
2023-01-01 to 2023-12-31

THE PRESBYTERIAN HOSPITAL, founded in 1903, is a large national nonprofit in the Health Care sector that reported $2.0B in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $1.7B left a modest 13% surplus.

Mission

IN THE SPIRIT OF KEEPING OUR FOCUS ON PATIENT-CENTERED, EQUITABLE AND COMPASSIONATE CARE WHILE ENSURING OUR ORGANIZATION IS SUSTAINABLE FOR FUTURE GENERATIONS, WE HAVE RESTATED OUR MISSION, VISION AND VALUES AND ARE NOW GUIDED BY OUR CAUSE. OUR CAUSE WE CREATE A HEALTHIER FUTURE AND BRING REMARKABLE EXPERIENCES TO LIFE. DISCOVER WE CONSISTENTLY SEEK TO INNOVATE, COURAGEOUSLY TRANSFORM OURSELVES AND FIND NEW WAYS TO ADD VALUE FOR OUR PATIENTS, COMMUNITIES AND ONE ANOTHER. EMPOWER WE PROVIDE ONE ANOTHER, OUR PATIENTS, FAMILIES AND COMMUNITIES WITH THE RESOURCES AND ENVIRONMENT TO CREATE SHARED ACCOUNTABILITY AND ACTION. THRIVE WE DEMONSTRATE EQUITY, EMPATHY, SAFETY AND QUALITY TO HELP EACH OTHER, AND OUR COMMUNITIES GROW AND SUCCEED. TOGETHER WE WORK AS A TRUSTED TEAM WITH OUR UNIQUE PERSPECTIVES, LIFE EXPERIENCES AND EXPERTISE TO BRING REMARKABLE TO LIFE IN EVERY INTERACTION. WE ALL BELONG.

Program Service Accomplishments

Program 1
Expenses: $1,376,653,695 Revenue: $1,946,552,014

THE PRESBYTERIAN HOSPITAL ("TPH") DBA NOVANT HEALTH PRESBYTERIAN MEDICAL CENTER ("NHPMC"), NOVANT HEALTH HUNTERVILLE MEDICAL CENTER ("NHHMC"), AND NOVANT HEALTH CHARLOTTE ORTHOPEDIC HOSPITAL...

Read more

THE PRESBYTERIAN HOSPITAL ("TPH") DBA NOVANT HEALTH PRESBYTERIAN MEDICAL CENTER ("NHPMC"), NOVANT HEALTH HUNTERVILLE MEDICAL CENTER ("NHHMC"), AND NOVANT HEALTH CHARLOTTE ORTHOPEDIC HOSPITAL ("NHCOH"), ALONG WITH THEIR PROVIDER BASED PHYSICIAN PRACTICES, EXISTS TO PROMOTE THE HEALTH OF THE MEMBERS OF MULTIPLE COMMUNITIES IN MECKLENBURG COUNTY NORTH CAROLINA, REGARDLESS OF A PATIENT'S ABILITY TO PAY. COLLECTIVELY, THE HOSPITAL FACILITIES IN THIS ORGANIZATION HAVE 773 LICENSED BEDS. IN 2023, THERE WERE 214,013 PATIENT DAYS, WITH AN AVERAGE LENGTH OF STAY OF 6 DAYS, AND AN AVERAGE DAILY CENSUS OF 587. THERE WERE 41,935 DISCHARGES, 44,526 INPATIENT AND OUTPATIENT SURGERIES, 647,734 OUTPATIENT ENCOUNTERS AND 115,969 EMERGENCY DEPARTMENT VISITS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,698,627
Program Service Revenue $1,944,469,045
Investment Income $846,377
Other Revenue $11,848,682
TOTAL REVENUE $1,961,862,731

Expense Breakdown

Grants Paid $4,895,901
Salaries & Benefits $592,600,756
Fundraising Expenses $0
Program Expenses $1,376,653,695
Other Expenses $1,105,797,614
TOTAL EXPENSES $1,703,294,271

Year-over-Year Comparison

2023 2022 Change
Revenue $1,961,862,731 $1,695,977,463 +0.2%
Expenses $1,703,294,271 $1,582,529,523 +0.1%
Net Income $258,568,460 $113,447,940 +1.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
16
Independent Members
13
Employees
8414
Volunteers
511

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$4,922,147
Total Directors
17
$2,593,480
Key Employees
1
$802,015
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANIEL COTTINGHAM TRUSTEE (TO 12/31/23) 0.20
Director
$0 $0 $0
DAVID VOELLINGER MD TRUSTEE (TO 4/30/23) 0.20
Director
$0 $62,540 $796,463
JAMES JOHNSON MD TRUSTEE 0.20
Director
$0 $0 $0
JAMES TAYLOR CHAIR 0.20
Officer Director
$0 $0 $0
JANELLE LYONS TRUSTEE 0.20
Director
$0 $0 $0
JOHN LEWIS TRUSTEE 0.20
Director
$0 $0 $0
JONI DAVIS TRUSTEE (TO 12/31/23) 0.20
Director
$0 $0 $0
KATE HATCHER MD TRUSTEE (TO 12/31/23) 0.20
Director
$0 $0 $0
KANDI DEITEMEYER EDD VICE CHAIR 0.20
Officer Director
$0 $0 $0
KIMBERLY CASE MD TRUSTEE 0.20
Director
$0 $29,427 $364,100
LINDA FARTHING SECR (TO 12/31/23) 0.20
Officer Director
$0 $0 $0
LUIS LOBO TRUSTEE 0.20
Director
$0 $0 $0
MICHELLE LEE TREAS 0.20
Officer Director
$0 $0 $0
PATRICK WILSON MD TRUSTEE (FR 5/1/23) 0.20
Director
$0 $0 $0
SAAD EHTISHAM TRUSTEE, SVP, PRES NHPMC/GCM 50.20
Officer Director
$1,260,230 $172,687 $1,432,917
TALIA GOLDMAN TRUSTEE 0.20
Director
$0 $0 $0
THADDEUS JONES TRUSTEE 0.20
Director
$0 $0 $0
FRED HARGETT EVP/CFO (TO 9/6/23) 0.20
Officer
$0 $50,705 $2,451,375
GEOFFREY GARDNER CFO (FR 9/6/23) 0.20
Officer
$0 $128,749 $1,037,855
JAMIE FEINOUR COO PMC, PRES NHCOH 50.00
Key Emp
$736,760 $65,255 $802,015
JANELLE FAUCI MD OBGYN GYN ONC 45.00
Highest
$959,647 $44,902 $1,004,549
JOHN MCDONALD MD CLIN PHYS EXEC 45.00
Highest
$824,126 $59,868 $883,994
KELLIE SCHNEIDER MD OBGYN GYN ONC 45.00
Highest
$929,204 $44,847 $974,051
PETER TURK MD FACS GENERAL SURGEON 45.00
Highest
$1,039,680 $46,301 $1,085,981
SIDNEY FLETCHER MD SVP, CH CLIN OFF 45.00
Highest
$1,091,207 $158,633 $1,249,840
KATRINA KING FMR KE (12/31/21) 0.00
$0 $39,024 $463,635
KELLI SADLER FMR KE (12/31/21) 50.00
$189,245 $3,065 $192,310
LARRY WEEMS II MD FMR KE (12/31/21) 12.50
$0 $14,104 $513,670
MICHAEL RILEY FMR KE (12/31/21) 50.00
$652,490 $46,260 $698,750
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $1,961,862,731 $1,703,294,271 $3,105,375,117 $258,568,460
2022 $1,695,977,463 $1,582,529,523 $2,871,169,174 $113,447,940
2021 $1,815,365,290 $1,538,214,997 $2,804,802,486 $277,150,293
2020 $1,640,147,389 $1,455,871,122 $2,552,970,287 $184,276,267
2019 $1,586,146,516 $1,411,439,528 $2,185,006,022 $174,706,988
2018 $1,421,842,655 $1,198,849,423 $1,989,743,576 $222,993,232
Explore More Nonprofits
Top 100 Nonprofits in North Carolina Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare THE PRESBYTERIAN HOSPITAL with other nonprofits in North Carolina and across the country.