Presbyterian Hospital
- Assets
- $2.8b
- Revenue
- $1.8b
- Investments
- $56.3m
- Employees
- 7,936
- Location
- Winston Salem, NC
- Founding
- 01/1956
- Data as of
- 12/2021
- EIN
- 56-0554230
Organization Overview
Presbyterian Hospital, operating under the name Novant Health Presbyterian Medical Center, is located in Winston Salem, NC. The organization was established in 1956. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2021, Novant Health Presbyterian Medical Center employed 7,936 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Novant Health Presbyterian Medical Center is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Novant Health Presbyterian Medical Center generated $1.8b in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $1.5b during the year ending 12/2021. While expenses have increased by 7.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Novant Health Presbyterian Medical Center has awarded 343 individual grants totaling $16,183,706. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
THE PRESBYTERIAN HOSPITAL (TPH), PRESBYTERIAN HOSPITAL HUNTERSVILLE (PHH), CHARLOTTE ORTHOPEDIC HOSPITAL (COH) AND PROVIDER BASED PHYSICIAN PRACTICES EXIST TO PROMOTE THE HEALTH OF THE INHABITANTS OF THE CHARLOTTE-MECKLENBURG COUNTY AREA OF NC REGARDLESS OF THE PATIENT'S ABILITY TO PAY. DURING 2021, THE HOSPITALS HAD 777 LICENSED BEDS. THERE WERE 222,008 PATIENT DAYS, WITH AN AVERAGE LENGTH OF STAY OF 6 DAYS, AND AN AVERAGE DAILY CENSUS OF 497. THERE WERE 41,191 DISCHARGES, 42,693 INPATIENT AND OUTPATIENT SURGERIES, 601,730 OUTPATIENT ENCOUNTERS AND 112,654 EMERGENCY DEPARTMENT VISITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fletcher Sidney MD Cmo | Officer | 50 | $1,034,928 |
Ehtisham Saad Pres Tph & Gcm/trustee | OfficerTrustee | 50 | $984,319 |
Fauci Janelle Obgyn Gyn Onc | 45 | $923,128 | |
Schneider Kellie Obgyn Gyn Onc | 45 | $893,949 | |
Turk Peter General Surgeon | 45 | $875,696 | |
Zausner Skarbnik Alan Oncologist | 45 | $855,258 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Morrison Healthcare Food Management Services | 12/30/21 | $13,622,442 |
Trimedx Inc Clinical Engineering Services | 12/30/21 | $9,270,163 |
Aya Healthcare Inc Travel Nursing Services | 12/30/21 | $44,364,017 |
Laboratory Corporation Of America Holdin Lab Services | 12/30/21 | $16,221,221 |
American Red Cross Blood Processing | 12/30/21 | $6,180,523 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $4,570,636 |
| Government grants | $9,605,415 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,176,051 |
| Total Program Service Revenue | $1,789,820,021 |
| Investment income | $809,604 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,641,741 |
| Net Gain/Loss on Asset Sales | $2,439,384 |
| Net Income from Fundraising Events | $25,085 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $289,443 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,815,365,290 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,662,086 |
| Grants and other assistance to domestic individuals. | $1,072,710 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,989,509 |
| Compensation of current officers, directors, key employees. | $3,989,509 |
| Compensation to disqualified persons | $34,449 |
| Other salaries and wages | $414,538,768 |
| Pension plan accruals and contributions | $15,808,578 |
| Other employee benefits | $53,768,120 |
| Payroll taxes | $28,293,296 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,854 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $116,368,483 |
| Advertising and promotion | $4,143,243 |
| Office expenses | $4,353,937 |
| Information technology | $8,608,261 |
| Royalties | $0 |
| Occupancy | $33,267,320 |
| Travel | $494,907 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $122,310 |
| Interest | $14,601,754 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $59,439,405 |
| Insurance | $7,266,998 |
| All other expenses | $98,723,143 |
| Total functional expenses | $1,538,214,997 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $710,453 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $81,330,453 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $15,555,294 |
| Inventories for sale or use | $30,523,623 |
| Prepaid expenses and deferred charges | $3,377,820 |
| Net Land, buildings, and equipment | $526,981,789 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $56,271,317 |
| Investments—program-related | $2,723,270 |
| Intangible assets | $18,228,164 |
| Other assets | $2,069,100,303 |
| Total assets | $2,804,802,486 |
| Accounts payable and accrued expenses | $160,624,716 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $118,042,365 |
| Total liabilities | $278,667,081 |
| Net assets without donor restrictions | $2,526,135,405 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,804,802,486 |
Grants Awarded
Over the last fiscal year, Presbyterian Hospital has awarded $2,536,593 in support to 42 organizations.
| Grant Recipient | Amount |
|---|---|
Charlotte, NC PURPOSE: COMMUNITY OUTREACH | $476,593 |
Charlotte, NC PURPOSE: COMMUNITY OUTREACH | $300,000 |
Charlotte, NC PURPOSE: COMMUNITY OUTREACH | $238,800 |
Charlotte, NC PURPOSE: COMMUNITY OUTREACH | $200,000 |
Charlotte, NC PURPOSE: COMMUNITY OUTREACH | $150,000 |
Charlotte, NC PURPOSE: COMMUNITY OUTREACH | $143,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Presbyterian Hospital has recieved totaling $4,576,755.
| Awarding Organization | Amount |
|---|---|
Presbyterian Hospital Foundation Winston Salem, NC PURPOSE: TO SUPPORT NH PRESBYTERIAN MEDICAL CENTER | $4,567,955 |
Public Health Institute Oakland, CA PURPOSE: Research | $8,800 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
First Health Of The Carolinas Inc Pinehurst, NC | $1,544,188,654 | $986,400,718 |
Mary Washington Healthcare Fredericksburg, VA | $593,675,918 | $863,388,863 |
Mountain States Health Alliance Johnson City, TN | $556,120,495 | $805,201,599 |
Baptist Memorial Hospital Memphis, TN | $691,981,947 | $770,663,628 |
Medical Center Of Central Georgia Inc Macon, GA | $1,397,526,718 | $800,413,800 |
Mcleod Regional Medical Center Of The Pee Dee Inc Florence, SC | $2,090,467,381 | $796,571,278 |
St Francis Hospital Inc Greenville, SC | $778,217,234 | $752,202,599 |
Phoebe Putney Memorial Hospital Inc Albany, GA | $729,879,818 | $712,342,689 |
Cobb Hospital Marietta, GA | $403,732,052 | $857,038,951 |
Anmed Health Anderson, SC | $1,245,907,620 | $728,404,682 |
Gaston Memorial Hospital Inc Gastonia, NC | $627,844,903 | $665,062,443 |
University Health Services Inc Augusta, GA | $1,020,272,774 | $598,292,806 |