North Carolina · Nonprofit
NOVANT HEALTH INC
NOVANT HEALTH INC (North Carolina) receives grants from 26 organizations whose IRS filings report $3,568,436 to it, the largest being TW FORSYTH MEM HOSP KBR ($1,412,644). 11 of them have funded it in more than one year.
- Revenue FY2024
- $6.5B
- Funders on record
- 26
- Grants received
- $3.6M
- Net assets
- $863M
What Novant Health Inc does
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.
As stated on its FY2024 Form 990.
Programs
Novant health, inc. Is the parent organization of a non-profit integrated group of hospitals, physician clinics, outpatient centers, and other healthcare service providers (collectively known as "novant health"). Novant health consists of over 8,500 independent and employed clinicians and over 40,000 team members who make healthcare remarkable at more than 900 locations, including 19 medical centers and hundreds of outpatient facilities and physician clinics. Headquartered in winston-salem, nc, novant health is committed to making healthcare remarkable for patients and communities.
$1,090,852,218 spentof which $17,392,567 as grants$1,953,478,289 earned by the program23% of program spendingThe filing organization operates several hospitals which exist to promote the health of the inhabitants of their respective communities, regardless of the patient's ability to pay. During 2024, the hospitals had 1,824 licensed beds. There were 454,670 patient days, with an average length of stay of 6 days, and an average daily census of 1,252. There were 93,458 discharges, 979,042 outpatient encounters, 87,787 surgeries, and 420,234 emergency department visits.
$3,598,055,311 spentof which $4,617,286 as grants$4,265,902,187 earned by the program76% of program spendingThe filing organization operates several surgery centers which serve the community by providing access to much needed healthcare services, regardless of the patient's ability to pay. During 2024, 6,098 surgeries and 11,197 endoscopy procedures were performed.
$24,290,107 spent$27,471,340 earned by the program1% of program spending
The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $4,713,197,636.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $9.6B to $14.6B (+52%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 0% · 2018 0% · 2019 0% · 2020 1% · 2021 0% · 2022 0% · 2023 0% · 2024 1%. Grants only. Government contracts and fees sit inside program revenue.
1% of NOVANT HEALTH INC’s revenue is contributions — more donation-reliant than the typical peer (1% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Carl Armato
Trustee, pres/CEO nh
Board chair
Laura Schulte
Chair
As listed on its FY2024 Form 990.
The chief executive listed changed between the FY2021 and FY2022 filings.
Who funds it, year by year
2017 → 2023: the base broadened from 3 funders to 8 funders, grant income rose $35k → $549k.
5 of 26 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 38% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
Left out of every figure on this page: $44M from 7 payers (the payer shares this organization's board, largest Presbyterian Hospital Foundation). These are real filings, and they are not money NOVANT HEALTH INC raised.
From the IRS filings of NOVANT HEALTH INC’s funders (the co-funder graph). Top 23 of 26 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
NOVANT HEALTH INC leans on a few funders — its largest provides 40% of grant income and the top three 75%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
47% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund NOVANT HEALTH INC.
Largest funder’s share by year: 2017 57% · 2018 42% · 2019 58% · 2020 100% · 2021 77% · 2022 66% · 2023 46% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
22% of NOVANT HEALTH INC's funders are still giving 3 years after their first grant; 42% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
NOVANT HEALTH INC draws 81% of its grant income from funders outside North Carolina, across 6 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $1.4M arriving through sponsors registered in 3 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
NOVANT HEALTH INC has grown faster than three-quarters of the 2,075 health nonprofits its size.
this organization peer median middle 50% of peers· 2,075 health nonprofits over $100M, FY2024
Government funding NOVANT HEALTH INC receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $5.2M on record — $5.2M federal, $824 state.
- Department of Health and Human Services$5.2M
- FL$429
- CT$155
- MA$135
- DE$105
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like NOVANT HEALTH INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In North Carolina
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
76% of spending goes to programs.
Governance
Footprint & structure
Files a return copy in 3 states
Part of a family of 129 related entities
- 1427 East Fourth Street LLC · disregarded
- 1600 Elizabeth Avenue LLC · disregarded
- Brunswick Community Hospital LLC · disregarded
- Call-A-Nurse LLC · disregarded
- Carolina Medicorp Enterprises LLC · disregarded
Screen this organization
A dated, signed PDF of the compliance screen for NOVANT HEALTH INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds NOVANT HEALTH INC?
- NOVANT HEALTH INC (North Carolina) receives grants from 26 organizations whose IRS filings report $3,568,436 to it, the largest being TW FORSYTH MEM HOSP KBR ($1,412,644). 11 of them have funded it in more than one year.
- How many funders does NOVANT HEALTH INC have?
- IRS filings report 26 organizations giving $3,568,436 in grants to NOVANT HEALTH INC, 11 of which have funded it in more than one year.
- Who is the largest funder of NOVANT HEALTH INC?
- TW FORSYTH MEM HOSP KBR is the largest funder on record, with $1,412,644 in grants. The full list of funders is on this page.
- How can an organization like NOVANT HEALTH INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in North Carolina. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 26 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing