WINSTON SALEM, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MEDICAL PARK HOSPITAL INC, founded in 1966, is a community nonprofit that reported $7.0M in total revenue in fiscal year 2022. Revenue fell 91% from the prior year — a significant decline worth monitoring. Expenses of $6.2M left a modest 12% surplus.
MEDICAL PARK HOSPITAL, INC. DOING BUSINESS AS NOVANT HEALTH MEDICAL PARK HOSPITAL ("NHMPH") IS AN INTEGRAL PART OF THE NOVANT HEALTH SYSTEM (COLLECTIVELY KNOWN AS "NOVANT HEALTH"), A NOT-FOR-PROFIT INTEGRATED GROUP OF HOSPITALS, PHYSICIAN CLINICS, OUTPATIENT CENTERS AND OTHER HEALTHCARE SERVICE PROVIDERS. NOVANT HEALTH CONSISTS OF OVER 1,800 PHYSICIANS AND OVER 35,000 TEAM MEMBERS WHO MAKE HEALTHCARE REMARKABLE AT MORE THAN 800 LOCATIONS, INCLUDING 15 MEDICAL CENTERS AND HUNDREDS OF OUTPATIENT FACILITIES AND PHYSICIAN CLINICS. HEADQUARTERED IN WINSTON SALEM, NC, NOVANT HEALTH IS COMMITTED TO MAKING HEALTHCARE REMARKABLE FOR PATIENTS AND COMMUNITIES, PROVIDING MORE THAN SIX MILLION PATIENT VISITS ANNUALLY. NOVANT HEALTH MEDICAL PARK HOSPITAL IS A 22-BED, NOT-FOR-PROFIT SURGICAL HOSPITAL THAT SPECIALIZES IN ELECTIVE INPATIENT AND OUTPATIENT SURGERIES INCLUSIVE OF ORTHOPEDIC, GENERAL, COLORECTAL, GYNECOLOGY, UROLOGY, ONCOLOGY, OPHTHALMOLOGY, NEUROSURGERY, EAR, NOSE, AND THROAT, AND PLASTIC SURGERIES. TRADITIONAL AND MINIMALLY INVASIVE/ROBOTIC SURGERIES ARE PERFORMED. IN ADDITION, BLOOD SERVICES INCLUDING TRANSFUSIONS AND DONATIONS, IMAGING, AND PAIN MANAGEMENT PROCEDURES ARE AVAILABLE. IN JANUARY 2023, THE ORGANIZATION 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)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $7,003,794 | $81,381,496 | -0.9% |
| Expenses | $6,178,009 | $67,677,976 | -0.9% |
| Net Income | $825,785 | $13,703,520 | -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 |
|---|---|---|---|---|---|---|
| TERRENCE ALMENGUAL MD | VICE CHAIR | 0.20 |
Officer
Director
|
$0 | $0 | $0 |
| JENNIFER CHRISTMAN | TRUSTEE | 0.20 |
Director
|
$0 | $0 | $0 |
| LARI HARDING | TRUSTEE | 0.20 |
Director
|
$0 | $0 | $0 |
| MICHAEL HORN | TRUSTEE | 0.20 |
Director
|
$0 | $0 | $0 |
| ERNEST MCPHAIL MD | TRUSTEE | 0.20 |
Director
|
$0 | $0 | $0 |
| ANDREW SCHNEIDER MD | TRUSTEE | 0.20 |
Director
|
$0 | $0 | $0 |
| MICHAEL SETLIFF | PRESIDENT | 0.20 |
Officer
Director
|
$0 | $0 | $0 |
| JOHN WILLIS MD | TRUSTEE | 0.20 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2023 | $7,003,794 | $6,178,009 | No data | $825,785 |
| 2022 | $81,381,496 | $67,677,976 | $432,442,893 | $13,703,520 |
| 2021 | $99,381,324 | $74,937,997 | $421,344,895 | $24,443,327 |
| 2020 | $95,860,703 | $71,681,196 | $397,674,890 | $24,179,507 |
| 2019 | $85,030,560 | $65,992,029 | $368,238,691 | $19,038,531 |
| 2018 | $81,770,810 | $63,840,759 | $349,374,205 | $17,930,051 |
Compare MEDICAL PARK HOSPITAL INC with other nonprofits in North Carolina and across the country.