Overview
What is Forsyth Memorial Hospital Inc?
Forsyth Memorial Hospital Inc, a part of Novant Health, is a not-for-profit organization based on an integrated network of healthcare facilities. They operate 13 medical centers and have a team of 1,200 physicians spread across 500 locations. Their extensive network also includes numerous outpatient surgery centers, medical plazas, rehabilitation programs, and diagnostic imaging centers. Novant Health is dedicated to providing comprehensive healthcare services to its community.
Official website here: www.novanthealth.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
Forsyth Memorial Hospital Inc has achieved a remarkable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. The organization's score is derived entirely from a robust accountability and finance beacon, indicating a high level of transparency and responsible financial management. The hospital's performance in this area is underscored by a perfect score in various metrics, such as having a majority independent board and effective oversight of financial statements.
The nonprofit demonstrates exemplary governance practices, with 75% of its board members being independent and comprehensive policies in place, including conflict of interest and whistleblower policies. Additionally, Forsyth Memorial Hospital maintains transparency by making essential documents, such as board meeting minutes and financial statements, accessible on its website. This dedication to governance and transparency fosters trust among supporters and stakeholders.
One notable strength is the organization's efficient allocation of resources, with a program expense ratio of 81.89%, ensuring that a significant portion of its funds directly supports its mission. This high ratio indicates a focus on programmatic effectiveness rather than administrative costs. Overall, Forsyth Memorial Hospital Inc stands out as a well-managed nonprofit, though the data does not indicate specific programs or services that may highlight its impact within the community.
This AI summary has been generated from information found on Charity Navigator.
Is Forsyth Memorial Hospital Inc legitimate?
Forsyth Memorial Hospital Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Forsyth Memorial Hospital Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $2,950,427
Professional Fundraising Fees: $0
Other Salaries and Wages: $465,264,504
For more financial information, click here
Official website here: www.novanthealth.org
What is the mission statement of Forsyth Memorial Hospital Inc?
Forsyth Memorial Hospital Inc is a significant component of Novant Health, a not-for-profit health system. This organization comprises 13 medical centers, 1,200 affiliated physicians, and 500 locations, in addition to various outpatient facilities and rehabilitation programs. Novant Health's mission is to deliver comprehensive healthcare services through these facilities and medical professionals. Their aim is to improve patient care and wellbeing, ensuring access to essential medical services for diverse communities. Novant Health's commitment extends beyond medical treatment, encompassing diagnostic imaging and rehabilitation programs.
Official website here: www.novanthealth.org
Who is the CEO of Forsyth Memorial Hospital Inc?
Carl Armato is the Principal Officer of Forsyth Memorial Hospital Inc.
Official website here: www.novanthealth.org
What is the revenue of Forsyth Memorial Hospital Inc?
Forsyth Memorial Hospital Inc's revenue in 2022 was $1,377,864,424.
Official website here: www.novanthealth.org
Who are the executives of Forsyth Memorial Hospital Inc and what are their salaries?
The average compensation at Forsyth Memorial Hospital Inc during 2022 was $58,939. There are 7944 employees and 256 volunteers at Forsyth Memorial Hospital Inc.
Here are 24 key members and their salaries:
- Compensation: $526,679
- Related: $0
- Other: $39,903
- Compensation: $652,755
- Related: $0
- Other: $53,370
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- Compensation: $0
- Related: $2,355,664
- Other: $61,852
- Compensation: $1,024,957
- Related: $0
- Other: $152,593
- Compensation: $448,808
- Related: $0
- Other: $51,362
- Compensation: $979,412
- Related: $0
- Other: $160,617
- Compensation: $973,165
- Related: $0
- Other: $56,134
- Compensation: $833,763
- Related: $0
- Other: $56,134
- Compensation: $790,038
- Related: $0
- Other: $142,649
- Compensation: $734,434
- Related: $222,051
- Other: $55,937
- Compensation: $689,224
- Related: $0
- Other: $94,124
Official website here: www.novanthealth.org
Where can I find the form 990 for Forsyth Memorial Hospital Inc?
Forsyth Memorial Hospital Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.novanthealth.org
Learn more at the official website: www.novanthealth.org
Mission Statement of Forsyth Memorial Hospital Inc
Forsyth Memorial Hospital Inc, a notable not-for-profit organization, is integrated with Novant Health, encompassing a network of 13 medical centers and 1,200 physicians. The system extends its reach to 500 locations, including numerous outpatient surgery centers, medical plazas, rehabilitation programs, and diagnostic imaging centers. Forsyth Memorial Hospital Inc plays an essential role in this vast network, providing comprehensive healthcare services to its community.
Novant Health's mission through Forsyth Memorial Hospital Inc is geared towards delivering exceptional patient care. The organization's vast infrastructure includes medical centers, physicians, and specialized facilities, all working in tandem to ensure the wellbeing of those in need. By bringing together various healthcare services under one umbrella, Forsyth Memorial Hospital Inc enables accessible and efficient healthcare for the community it serves.
Moreover, Forsyth Memorial Hospital Inc's affiliation with Novant Health allows for collaboration and resource-sharing among its healthcare professionals. This integration enables the provision of a broad range of medical services, from routine check-ups to complex surgical procedures. By fostering a collaborative environment, Forsyth Memorial Hospital Inc contributes to the overall improvement of the health and wellbeing of its patients.
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Impact
October, 2024
Forsyth Memorial Hospital Inc significantly impacts the community through its comprehensive healthcare services. As part of Novant Health, it operates within a large integrated system that includes 13 medical centers and a vast network of over 1,200 physicians across 500 locations. This extensive reach ensures that residents in Winston Salem, NC, have access to a wide array of medical services, from outpatient surgeries to advanced diagnostic imaging.
The hospital plays a vital role in promoting health and wellness through various rehabilitation programs and medical plazas that cater to diverse health needs. By offering a continuum of care, Forsyth Memorial Hospital Inc enhances patient outcomes, improves access to healthcare, and fosters a healthier community. Its commitment to providing quality health services underpins its mission to serve and support the well-being of individuals and families in the region.
This information is meant to be a general summary of Forsyth Memorial Hospital Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $945,729
- Program Service Revenue: $1,347,574,893
- Gross Receipts: $1,378,214,906
Assets and Liabilities:
- Total Assets: $2,102,000,445
- Total Liabilities: $196,380,928
- Net Assets: $1,905,619,517
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET PATIENT REVENUE
Revenue
$1,314,490,849
PHARMACY
Revenue
$30,417,311
PASS-THRU PATIENT REVENUE
Revenue
$2,003,354
VALUE BASED INCENTIVE
Revenue
$663,379
Organization Details
Founding Year
1968
Phone
(336) 277-2411Principal Officer
Carl Armato
Main Address
2085 FRONTIS PLAZA BLVD, WINSTON SALEM, NC, 27103
Website
www.novanthealth.orgNTEE Category
Code: E220 - Health
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