WINSTON SALEM, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)SELF INSURANCE FUND - NOVANT HEALTH INC, founded in 1989, is a micro nonprofit that reported $2K in total revenue in fiscal year 2024. Expenses of $5K exceeded revenue, resulting in a 88% operating deficit.
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.
THE ORGANIZATION HAS HISTORICALLY FUNDED GENERAL AND PROFESSIONAL LIABILITY CLAIMS LEVIED AGAINST THE NON-PROFIT ORGANIZATIONS OF NOVANT HEALTH'S INTEGRATED HEALTHCARE SYSTEM. ASSETS, LIABILITIES...
THE ORGANIZATION HAS HISTORICALLY FUNDED GENERAL AND PROFESSIONAL LIABILITY CLAIMS LEVIED AGAINST THE NON-PROFIT ORGANIZATIONS OF NOVANT HEALTH'S INTEGRATED HEALTHCARE SYSTEM. ASSETS, LIABILITIES, AND INVESTMENT EARNINGS OF THE ORGANIZATION ARE RECORDED ON THE BOOKS OF THE SYSTEM'S PARENT ORGANIZATION, NOVANT HEALTH, INC. HOWEVER, THE FINANCIAL ACTIVITY OF THE ORGANIZATION IS REPORTED SEPARATELY ON THIS FORM 990. THE ORGANIZATION DISSOLVED IN MARCH 2024. NET ASSETS WERE DISTRIBUTED TO NOVANT HEALTH INSURANCE PROTECTED CELL, LLC, A LIMITED LIABILITY COMPANY WHOLLY OWNED BY NOVANT HEALTH, INC, A TAX-EXEMPT HEALTHCARE ORGANIZATION.
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $2,460 | $-29,428 | -1.1% |
| Expenses | $4,631 | $18,100 | -0.7% |
| Net Income | $-2,171 | $-47,528 | -1.0% |
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 |
|---|---|---|---|---|---|---|
| DENISE MIHAL | CHAIR/EVP | 0.20 |
Officer
Director
|
$0 | $33,719 | $2,017,153 |
| FRANK EMORY JR | TRUSTEE/EVP | 0.20 |
Director
|
$0 | $47,781 | $1,929,101 |
| JULIA HYETT | TRUSTEE/VP CORP INSURANCE | 0.20 |
Director
|
$0 | $29,828 | $353,559 |
| NAN HOLLAND | TRUSTEE/VP RISK MGMT | 0.20 |
Director
|
$0 | $31,813 | $395,818 |
| SCOTT MYERS | TRUSTEE/SVP CORP FINANCE | 0.20 |
Director
|
$0 | $109,685 | $1,071,364 |
| STANLEY FULLER MD | TRUSTEE/SVP CCO | 0.20 |
Director
|
$0 | $146,414 | $1,180,093 |
| GEOFFREY GARDNER | CFO (TO 5/12/24) | 0.20 |
Officer
|
$0 | $45,578 | $1,299,829 |
| ALICE POPE | CFO (FR 5/13/24) | 0.20 |
Officer
|
$0 | $7,953 | $999,640 |
| ERIC ESKIOGLU MD | FMR TRUSTEE (TO 12/1/22)/FMR KE | 0.00 |
|
$0 | $4,223 | $105,023 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $2,460 | $4,631 | No data | $-2,171 |
| 2023 | $-29,428 | $18,100 | $14,884,287 | $-47,528 |
| 2022 | $-115,444 | $32,919 | $6,816,146 | $-148,363 |
| 2021 | $454,328 | $28,104 | $15,588,206 | $426,224 |
| 2020 | $2,186,593 | $84,378 | $34,784,748 | $2,102,215 |
| 2019 | $1,309,016 | $5,832,200 | $50,225,019 | $-4,523,184 |
| 2018 | $1,160,078 | $2,295,044 | $56,374,590 | $-1,134,966 |
Compare SELF INSURANCE FUND - NOVANT HEALTH INC with other nonprofits in North Carolina and across the country.