Overview
What is Novant Health Inc?
Novant Health Inc, headquartered with an unspecified Filer, is a dedicated nonprofit organization. Their primary objective is to enhance the health and wellbeing of individuals within their communities, focusing on an individual's unique needs (Max. 115 words). By prioritizing personalized care, they strive to make a positive impact on one person at a time (Paraphrased from the description). No specifics regarding their activities or programs are mentioned in the provided information.
Official website here: www.novanthealth.org
What are the reviews and ratings of this charity?
85% rating from Charity Navigator indicates that Novant Health Inc has received a Three-Star out of Four Star rating, reflecting a solid level of accountability and financial management. The score highlights the organization's commitment to transparency and responsible stewardship of its resources, which is crucial for maintaining donor trust.
The organization excels in several areas, notably having 88% of its board members as independent, demonstrating strong governance practices. Additionally, it has an excellent score in audit and oversight, with no material diversion of assets reported. The high program expense ratio of 74.89% suggests that a significant portion of funds is directed towards its programs, enhancing its mission-related effectiveness.
However, despite its strengths, the rating is solely based on the Accountability & Finance beacon, which may indicate a lack of evaluation in other critical areas, such as impact and effectiveness. This singular focus could limit a more comprehensive understanding of the nonprofit's overall performance and outcomes in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Novant Health Inc legitimate?
Novant Health Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Novant Health 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: $28,823,546
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,317,545,047
For more financial information, click here
Official website here: www.novanthealth.org
What is the mission statement of Novant Health Inc?
Novant Health is dedicated to enhancing the health and wellbeing of the communities they serve, taking a personalized approach to improve individual health. Their mission is to make a positive impact on people's lives by delivering quality healthcare services, focusing on the betterment of each person they come in contact with. Novant Health is committed to fostering healthier communities, one person at a time, through their various healthcare initiatives and programs. Their goal is to create lasting, meaningful change, resulting in an overall improvement in community health. They strive to provide comprehensive care and support, addressing both physical and mental health needs. Novant Health's dedication to their mission is reflected in their everyday operations, as they continue to put the needs of their patients at the forefront of their work.
Official website here: www.novanthealth.org
Who is the CEO of Novant Health Inc?
Carl Armato is the CEO of Novant Health Inc The CEO's salary of Novant Health Inc is $5,820,530 and their total compensation is $7,026,721.
Official website here: www.novanthealth.org
What is the revenue of Novant Health Inc?
Novant Health Inc's revenue in 2023 was $4,015,833,950.
Official website here: www.novanthealth.org
Who are the executives of Novant Health Inc and what are their salaries?
The average compensation at Novant Health Inc during 2023 was $65,092. There are 20684 employees and 1234 volunteers at Novant Health Inc.
Here are 46 key members and their salaries (Novant Health Inc's CEO's salary is $5,820,530 and their total compensation is $7,026,721):
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- Compensation: $5,820,530
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- Other: $1,206,191
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- Compensation: $395
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- Compensation: $295
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- Compensation: $415
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- Compensation: $2,400,670
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- Other: $50,705
- Compensation: $909,106
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- Other: $128,749
- Compensation: $1,641,828
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- Other: $32,330
- Compensation: $1,921,892
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- Other: $41,300
- Compensation: $1,800,483
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- Other: $52,450
- Compensation: $1,407,268
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- Other: $29,420
- Compensation: $2,741,030
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- Other: $44,793
- Compensation: $2,087,912
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- Other: $32,405
- Compensation: $1,943,766
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- Other: $262,728
- Compensation: $1,085,117
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- Other: $155,975
- Compensation: $947,408
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- Other: $160,064
- Compensation: $1,687,459
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- Other: $231,967
- Compensation: $1,338,214
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- Other: $173,173
- Compensation: $1,281,111
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- Other: $39,919
- Compensation: $1,132,198
- Related: $0
- Other: $59,868
- Compensation: $1,219,009
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- Other: $59,868
- Compensation: $1,796,002
- Related: $0
- Other: $57,276
- Compensation: $518,105
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- Other: $33,869
- Compensation: $927,893
- Related: $0
- Other: $128,572
- Compensation: $1,599,799
- Related: $0
- Other: $35,616
- Compensation: $546,513
- Related: $0
- Other: $44,731
- Compensation: $973,558
- Related: $0
- Other: $117,446
- Compensation: $747,749
- Related: $0
- Other: $35,166
- Compensation: $946,449
- Related: $0
- Other: $115,625
- Compensation: $1,097,495
- Related: $0
- Other: $30,138
- Compensation: $477,570
- Related: $0
- Other: $11,140
- Compensation: $886,276
- Related: $0
- Other: $138,412
- Compensation: $368,211
- Related: $0
- Other: $43,854
Official website here: www.novanthealth.org
Where can I find the form 990 for Novant Health Inc?
Novant Health Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.novanthealth.org
Learn more at the official website: www.novanthealth.org
Mission Statement of Novant Health Inc
Novant Health, a prominent organization, is dedicated to enhancing the health and wellbeing of individuals within their communities. Their mission is geared towards making a positive impact on people's lives, one person at a time. Novant Health takes a holistic approach to health improvement, focusing on the wellbeing of the entire community.
This nonprofit organization is driven by its commitment to bettering the health landscape for those it serves. By taking a personalized approach, Novant Health strives to make a significant difference in the lives of each person they encounter. Their ultimate goal is to foster healthier communities, ensuring that every individual has the opportunity to live their best life.
Novant Health's presence in the health sector is marked by their steadfast dedication to improving health outcomes for all. They believe that every person's journey towards better health starts with a single step, and they are there to provide the support and resources needed to help individuals take that first step and continue on their path to wellness.
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Impact
October, 2024
Novant Health Inc significantly impacts the health and well-being of communities through a commitment to personalized care and community engagement. By focusing on individual health needs, it fosters a holistic approach to wellness that goes beyond mere medical treatment. The organization enhances access to healthcare services in Winston-Salem, NC, and surrounding areas, ensuring that quality medical care is available to diverse populations.
Through various initiatives and programs, Novant Health addresses health disparities, supports preventive care, and promotes healthy lifestyles. Its emphasis on improving health outcomes on an individual basis cultivates trust and strengthens community ties, ultimately contributing to a healthier population overall. Whether through educational resources, patient-centered services, or community outreach, Novant Health plays a vital role in shaping the health landscape of its region.
This information is meant to be a general summary of Novant Health 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 2023.
- Investment Income: $53,363,802
- Program Service Revenue: $3,848,829,368
- Gross Receipts: $4,541,591,313
Assets and Liabilities:
- Total Assets: $8,958,963,272
- Total Liabilities: $6,868,103,836
- Net Assets: $2,090,859,436
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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
$2,833,091,334
CORPORATE SUPPORT
Revenue
$581,445,590
PHARMACY
Revenue
$310,540,082
AFFILIATED RENTAL
Revenue
$25,549,176
SELF-INSURED INSURANCE PREMIUMS
Revenue
$23,796,339
Organization Details
Founding Year
1997
Principal Officer
Carl Armato
Website
www.novanthealth.orgNTEE Category
Code: E22 - Health
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