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.
NOVANT HEALTH IS A NON-PROFIT INTEGRATED HEALTHCARE SYSTEM OF 15 MEDICAL CENTERS WITH MORE THAN 35,000 EMPLOYEES AND 1,800 PHYSICIANS IN OVER 800 LOCATIONS, AS WELL AS NUMEROUS OUTPATIENT SURGERY CENTERS, MEDICAL PLAZAS, REHABILITATION PROGRAMS, DIAGNOSTIC IMAGING CENTERS AND COMMUNITY HEALTH OUTREACH PROGRAMS. HEADQUARTERED IN WINSTON-SALEM, NORTH CAROLINA, NOVANT HEALTH'S TEAM MEMBERS AND PHYSICIAN PARTNERS CARE FOR PATIENTS AND COMMUNITIES IN NORTH CAROLINA, SOUTH CAROLINA AND GEORGIA. THE NOVANT HEALTH INTEGRATED HEALTHCARE SYSTEM OPERATES TO CARRY OUT ITS CHARITABLE MISSION OF IMPROVING THE HEALTH OF COMMUNITIES IT SERVES AND MAKING HEALTHCARE REMARKABLE FOR PATIENTS. NOVANT HEALTH ACCOMPLISHES THAT MISSION BY PROVIDING AND SUPPORTING EXCELLENT HEALTHCARE FACILITIES AND PHYSICIAN PRACTICES AND BY MAKING A COMMITMENT TO COMMUNITY OUTREACH/SERVICE THROUGH THE PROVISION OF COMMUNITY BENEFIT PROGRAMS. BY BRINGING TOGETHER WORLD-CLASS TECHNOLOGY AND CLINICIANS TO PROVIDE QUALITY CARE, NOVANT HEALTH IS COMMITTED TO CREATING A HEALTHCARE EXPERIENCE THAT IS SIMPLER, MORE CONVENIENT, AND MORE AFFORDABLE SO PATIENTS CAN FOCUS ON GETTING BETTER AND STAYING HEALTHY. SELF-INSURANCE FUND - NOVANT HEALTH, INC. IS AN INTEGRAL PART OF THE NOVANT HEALTH HEALTHCARE SYSTEM. THE ORGANIZATION HISTORICALLY SERVED TO PROCESS AND FUND GENERAL AND PROFESSIONAL LIABILITY CLAIMS LEVIED AGAINST NOVANT HEALTH'S TAX-EXEMPT ORGANIZATIONS OPERATING IN HEALTHCARE. EFFECTIVE JANUARY 1, 2020, THE ORGANIZATION WAS FROZEN TO NEW GENERAL AND PROFESSIONAL LIABILITY CLAIMS WHEN NOVANT HEALTH RESTRUCTURED ITS GENERAL AND PROFESSIONAL LIABILITY INSURANCE ARRANGEMENTS. THE ORGANIZATION NOW PRIMARILY SERVES AS A CLAIMS MADE VEHICLE. 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.