PRESBYTERIAN HOSPITAL FOUNDATION

EIN: 581413074 501(c)(3) Health Care

WINSTON SALEM, NC

Total Revenue
$12,911,600
Total Expenses
$8,084,656
Total Assets
$101,423,137
Net Assets
$99,943,003
🔒

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
1980
Legal Domicile
NC
Principal Officer
CARL ARMATO
Phone
3362772411
Tax Period
2023-01-01 to 2023-12-31

PRESBYTERIAN HOSPITAL FOUNDATION, founded in 1980, is a mid-sized nonprofit in the Health Care sector that reported $12.9M in total revenue in fiscal year 2023. Revenue fell 32% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $4.8M, a strong 37% operating margin.

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: $7,165,538 Revenue: $0

THE ORGANIZATION OPERATES TO RAISE COMMUNITY SUPPORT AND FUNDING THROUGH CHARITABLE GIVING FOR ESSENTIAL HEALTHCARE, EDUCATION, & RESEARCH PROGRAMS, IMPROVED FACILITIES, AND STATE-OF-THE-ART...

Read more

THE ORGANIZATION OPERATES TO RAISE COMMUNITY SUPPORT AND FUNDING THROUGH CHARITABLE GIVING FOR ESSENTIAL HEALTHCARE, EDUCATION, & RESEARCH PROGRAMS, IMPROVED FACILITIES, AND STATE-OF-THE-ART TECHNOLOGY OF NOVANT HEALTH PRESBYTERIAN MEDICAL CENTER AND OTHER TAX-EXEMPT SUBSIDIARIES OF NOVANT HEALTH SOUTHERN PIEDMONT REGION, LLC.

🔒

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 $11,236,441
Program Service Revenue $0
Investment Income $1,775,501
Other Revenue $-100,342
TOTAL REVENUE $12,911,600

Expense Breakdown

Grants Paid $7,003,697
Salaries & Benefits $884,822
Fundraising Expenses $400,246
Program Expenses $7,165,538
Other Expenses $196,137
TOTAL EXPENSES $8,084,656

Year-over-Year Comparison

2023 2022 Change
Revenue $12,911,600 $18,946,745 -0.3%
Expenses $8,084,656 $8,560,021 -0.1%
Net Income $4,826,944 $10,386,724 -0.5%
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
27
Independent Members
21
Employees
7
Volunteers
88

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
10
$5,096,921
Total Directors
27
$2,933,035
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AYANNA CHANCE TRUSTEE 0.20
Director
$0 $0 $0
CALDWELL ROSE TRUSTEE 0.20
Director
$0 $0 $0
CHARLOTTE WICKHAM TRUSTEE (TO 12/31/23) 0.20
Director
$0 $0 $0
CHIP NISBET TRUSTEE (TO 12/31/23) 0.20
Director
$0 $0 $0
DARRIN BOLAND TRUSTEE 0.20
Director
$0 $0 $0
DAVID GROOMES TRUSTEE 0.20
Director
$0 $0 $0
EDGARDO MARTINEZ TRUSTEE 0.20
Director
$0 $0 $0
ELIZABETH CORNELSON-WEISIGER TRUSTEE 0.20
Director
$0 $0 $0
EMILY HARRY TRUSTEE (TO 12/31/23) 0.20
Director
$0 $0 $0
JENNIFER DOYLE TRUSTEE, SECR (TO 11/15/23) 0.20
Officer Director
$0 $0 $0
JERRY BARRON MD TRUSTEE/ORTHOPAEDIST 0.20
Director
$0 $56,818 $1,132,462
JEWELL HOOVER TRUSTEE (FR 1/1/23) 0.20
Director
$0 $0 $0
JOHN CASHION TRUSTEE (TO 12/31/23) 0.20
Director
$0 $0 $0
JOHN COMLY TRUSTEE 0.20
Director
$0 $0 $0
JOHN HONDROS TRUSTEE 0.20
Director
$0 $0 $0
KATE HATCHER MD TRUSTEE, CHAIR (TO 11/15/23) 0.20
Officer Director
$0 $0 $0
LUIS LLUBERAS TRUSTEE 0.20
Director
$0 $0 $0
MARY WINSTON TRUSTEE (FR 1/1/23) 0.20
Director
$0 $0 $0
MICHAEL WILES TRUSTEE, SECR (FR 11/15/23) 0.20
Officer Director
$0 $0 $0
NATALIE ALSTON TRUSTEE 0.20
Director
$0 $0 $0
OLIVER BADGIO TRUSTEE 0.20
Director
$0 $0 $0
SIDNEY FLETCHER MD TRUSTEE(TO 12/31/23),SVP CHF CLN OFF 0.20
Director
$0 $158,633 $1,249,840
STONEY SELLARS TRUSTEE 0.20
Director
$0 $0 $0
TERRENCE LINNERT TRUSTEE (FR 1/1/23) 0.20
Director
$0 $0 $0
TIFFANI JONES MD CHAIR (FR 11/15/23)/OBSTETRICIAN 0.20
Officer Director
$0 $37,668 $550,733
VONDA HUSS TRUSTEE, VICE CHAIR (FR 11/15/23) 0.20
Officer Director
$0 $0 $0
WILLIAM COWAN TREAS (TO 12/31/23) 0.20
Officer Director
$0 $0 $0
DOROTHY ANN CAULKINS SVP FDN 8.00
Officer
$0 $111,754 $836,987
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
KATHLEEN SPIZZIRRI EXEC DIRECTOR 50.00
Officer
$188,861 $31,110 $219,971
AMY MCKINNEY PHILANTHROPY MANAGER 45.00
Highest
$101,597 $28,027 $129,624
JUSTIN TRAKAS PHILANTHROPY MANAGER 45.00
Highest
$112,810 $18,166 $130,976
NICHOLE BURTON PHILANTHROPY MANAGER 45.00
Highest
$85,528 $6,954 $118,090
JENNIFER CLIFFORD FMR OFFICER (9/20/21) 0.00
$0 $9,903 $140,721
KIMBERLY HENDERSON FMR OFFICER (12/31/19) 0.00
$0 $155,975 $1,241,092
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 $12,911,600 $8,084,656 $101,423,137 $4,826,944
2022 $18,946,745 $8,560,021 $90,424,635 $10,386,724
2021 $20,835,214 $28,879,277 $114,547,328 $-8,044,063
2020 $8,633,970 $11,139,264 $99,605,930 $-2,505,294
2019 $12,289,584 $6,101,612 $98,458,533 $6,187,972
2018 $12,236,683 $8,059,832 $87,196,784 $4,176,851
Explore More Nonprofits
→Top 100 Nonprofits in North Carolina →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

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

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.