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.
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.
FORSYTH MEMORIAL HOSPITAL, INC. ("FMH") DBA NOVANT HEALTH FORSYTH MEDICAL CENTER ("NHFMC"), NOVANT HEALTH KERNERSVILLE MEDICAL CENTER ("NHKMC"), AND NOVANT HEALTH CLEMMONS MEDICAL CENTER ("NHCMC")...
FORSYTH MEMORIAL HOSPITAL, INC. ("FMH") DBA NOVANT HEALTH FORSYTH MEDICAL CENTER ("NHFMC"), NOVANT HEALTH KERNERSVILLE MEDICAL CENTER ("NHKMC"), AND NOVANT HEALTH CLEMMONS MEDICAL CENTER ("NHCMC"), ALONG WITH THEIR PROVIDER BASED PHYSICIAN PRACTICES, EXISTS TO CARRY OUT THE PURPOSE OF THE FORSYTH COUNTY BOARD OF COMISSIONERS BY ADVANCING AND SUPPORTING THE PROMOTION OF HEALTH FOR MEMBERS OF MULTIPLE COMMUNITIES IN FORSYTH COUNTY NORTH CAROLINA, INCLUDING WINSTON-SALEM, KERNERSVILLE, AND CLEMMONS. THESE HOSPITAL FACLIITIES MAINTAIN AN OPEN DOOR POLICY, ACCEPTING ALL PATIENTS REGARDLESS OF A PATIENT'S ABILITY TO PAY. (CONTINUED ON SCHEDULE O)
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.