WINSTON SALEM, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FORSYTH MEMORIAL HOSPITAL INC, founded in 1968, is a large national nonprofit in the Health Care sector that reported $1.4B in total revenue in fiscal year 2023.
FRINGE OR EXPENSE EXPLANATION FIRST-CLASS OR CHARTER TRAVEL: FIRST-CLASS OR CHARTER TRAVEL IS NOT A COVERED TRAVEL EXPENSE FOR EXECUTIVES; THEY ARE LIMITED TO BUSINESS OR COACH CLASS FARES FOR COMMERCIAL FLIGHTS. HOWEVER, CHARTER TRAVEL IS AVAILABLE TO CERTAIN EXECUTIVES, BOARD MEMBERS, AND APPROVED BUSINESS PERSONNEL MEETING APPLICABLE POLICY CRITERIA. TRAVEL FOR COMPANIONS: COMPANIONS ARE ALLOWED ON CERTAIN CHARTER FLIGHTS PAID FOR BY THE ORGANIZATION. IN THAT CASE, THE VALUE OF THE COMPANION'S FLIGHT IS CALCULATED UNDER APPLICABLE TAX LAWS AND THAT AMOUNT IS INCLUDED IN THE EXECUTIVE'S TAXABLE INCOME AS PRESCRIBED BY THE APPLICABLE TAX LAWS. DISCRETIONARY SPENDING ACCOUNT: CERTAIN EXECUTIVES RECEIVE A DISCRETIONARY SPENDING ACCOUNT. THE DOLLAR AMOUNT IN THE ACCOUNT IS PRE-APPROVED BY THE COMPENSATION AND LEADERSHIP COMMITTEE OF THE NOVANT HEALTH BOARD OF TRUSTEES. THE EXECUTIVE MAY DEFER THE AMOUNT TO A RETIREMENT ACCOUNT OR THE AMOUNT IS TREATED AS COMPENSATION AND IS SPREAD OUT OVER THE COURSE OF THE YEAR IN THE EXECUTIVE'S PAYCHECKS AS TAXABLE INCOME. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: WE PROVIDE TEMPORARY HOUSING ALLOWANCES IN CERTAIN EXECUTIVE RECRUITMENT AND RELOCATION PACKAGES. THE VALUE IS CALCULATED UNDER APPLICABLE TAX LAWS AND THAT AMOUNT IS INCLUDED IN THE EXECUTIVE'S INCOME AS PRESCRIBED BY THE APPLICABLE TAX LAWS.
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)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $1,442,088,470 | $1,377,864,424 | +0.0% |
| Expenses | $1,444,760,573 | $1,409,445,707 | +0.0% |
| Net Income | $-2,672,103 | $-31,581,283 | -0.9% |
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 |
|---|---|---|---|---|---|---|
| ASHLEY PERROTT MD | TRUSTEE, SR PHYS EXEC | 45.20 |
Director
|
$567,670 | $42,591 | $610,261 |
| AVERY HALL | CHAIR | 0.20 |
Officer
Director
|
$0 | $0 | $0 |
| CARL ARMATO | TRUSTEE (FR 1/1/23)/PRES/CEO NH | 0.20 |
Director
|
$0 | $1,206,191 | $7,026,721 |
| CHARLES HAUSER | TRUSTEE | 0.20 |
Director
|
$0 | $0 | $0 |
| CHARLES WELTON | TRUSTEE | 0.20 |
Director
|
$0 | $0 | $0 |
| FRANKLIN CHEN MD | TRUSTEE, CLIN PHYS EXEC | 0.20 |
Director
|
$0 | $56,806 | $722,265 |
| IMEN CLARK | TRUSTEE (TO 12/31/23) | 0.20 |
Director
|
$0 | $0 | $0 |
| KRISTINE SIMS | TRUSTEE | 0.20 |
Director
|
$0 | $0 | $0 |
| LARI HARDING | TRUSTEE | 0.20 |
Director
|
$0 | $0 | $0 |
| LINDA LATHAM | VICE CHAIR | 0.20 |
Officer
Director
|
$0 | $0 | $0 |
| MARK OWENS | TRUSTEE | 0.20 |
Director
|
$0 | $0 | $0 |
| MIKE HORN | SECR/TREAS | 0.20 |
Officer
Director
|
$0 | $0 | $0 |
| PHYLLIS CALDWELL-GEORGE | TRUSTEE (FR 1/1/23) | 0.20 |
Director
|
$0 | $0 | $0 |
| ROBERT LANDRY | TRUSTEE | 0.20 |
Director
|
$0 | $0 | $0 |
| SAMUEL BAREFOOT | TRUSTEE | 0.20 |
Director
|
$0 | $0 | $0 |
| TRACEY MARTIN | TRUSTEE | 0.20 |
Director
|
$0 | $0 | $0 |
| WILLIAM HALL | 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 |
| MICHAEL SETLIFF | PRES NHFMC/GWM | 50.00 |
Officer
|
$1,176,474 | $159,580 | $1,336,054 |
| ALISHA HUTCHENS | PRES, COO | 50.00 |
Key Emp
|
$492,552 | $57,272 | $549,824 |
| JOHN MANN MD | SVP NH INST | 35.00 |
Highest
|
$917,005 | $167,716 | $1,287,480 |
| JUDSON RACKLEY MD | UROLOGIST | 45.00 |
Highest
|
$778,934 | $59,324 | $838,258 |
| ROLAND FRIEDMAN MD | UROLOGIST | 45.00 |
Highest
|
$986,764 | $59,868 | $1,046,632 |
| STANLEY FULLER MD | SVP CH CLIN OFFICER | 45.00 |
Highest
|
$947,480 | $153,328 | $1,100,808 |
| SUSAN HINES MD | ONCOLOGIST | 45.00 |
Highest
|
$778,450 | $46,439 | $824,889 |
| KIRSTEN ROYSTER | FMR KE (12/31/21) | 45.00 |
|
$749,705 | $99,102 | $848,807 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $1,442,088,470 | $1,444,760,573 | $2,056,045,743 | $-2,672,103 |
| 2022 | $1,377,864,424 | $1,409,445,707 | $2,102,000,445 | $-31,581,283 |
| 2021 | $1,668,189,599 | $1,527,559,495 | $2,202,894,341 | $140,630,104 |
| 2020 | $1,551,372,846 | $1,443,848,191 | $2,063,331,863 | $107,524,655 |
| 2019 | $1,507,111,921 | $1,399,421,017 | $1,827,333,103 | $107,690,904 |
| 2018 | $1,417,035,882 | $1,296,704,213 | $1,692,009,282 | $120,331,669 |
Compare FORSYTH MEMORIAL HOSPITAL INC with other nonprofits in North Carolina and across the country.