Forsyth Memorial Hospital Inc

Organization Overview

Forsyth Memorial Hospital Inc, operating under the name Novant Health Forsyth Medical Center, is located in Winston Salem, NC. The organization was established in 1969. 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 Forsyth Medical Center employed 8,210 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Novant Health Forsyth 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 Forsyth Medical Center generated $1.7b in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $1.5b during the year ending 12/2021. While expenses have increased by 4.5% 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 Forsyth Medical Center has awarded 220 individual grants totaling $6,654,036. 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.

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:

FORSYTH MEMORIAL HOSPITAL, INC. (FMH), KERNERSVILLE MEDICAL CENTER (KMC), AND CLEMMONS MEDICAL CENTER (CMC) CARRY OUT THE PURPOSE OF THE FORSYTH COUNTY BOARD OF COMMISSIONERS BY ADVANCING AND SUPPORTING THE PROMOTION OF THE HEALTH OF THE INHABITANTS OF FORSYTH COUNTY AND THE KERNERSVILLE AREA OF NC. FMH, KMC, AND CMC MAINTAIN AN OPEN DOOR POLICY, ACCEPTING ALL PATIENTS REGARDLESS OF THEIR ABILITY TO PAY. FMH HAS 859 LICENSED BEDS. DURING 2021 THERE WERE 221,975 PATIENT DAYS WITH AN AVERAGE LENGTH OF STAY OF 7 DAYS, AN AVERAGE DAILY CENSUS OF 608, AND 33,485 DISCHARGES. THERE WERE 20,521 INPATIENT AND OUTPATIENT SURGERIES, A TOTAL OF 1,139,995 OUTPATIENT ENCOUNTERS AND 78,731 EMERGENCY DEPARTMENT VISITS.(CONTINUED ON SCHEDULE O)


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Board, Officers & Key Employees

Name (title)Compensation
Friedman Roland
Urologist
$1,012,711
Setliff Michael
Pres & COO
$926,237
Mann John
President & COO
$867,285
Elliott Kathleen
Oncologist
$841,672
Baker William
Oncologist
$827,275
Collins Timothy
Oncologist
$730,138

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Aya Healthcare Inc
Travel Nursing Services
$48,566,135
Vannoy Construction
Construction Services
$28,991,534
Morrison Healthcare
Food Management Services
$14,692,057
Laboratory Corporation Of America Holdin
Lab Services
$16,586,400
Trimedx Inc
Clinical Engineering Services
$11,102,839
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$5,857,485
Government grants $7,994,046
All other contributions, gifts, grants, and similar amounts not included above$181,137
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$14,032,668
Total Program Service Revenue$1,647,610,868
Investment income $438,008
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $418,412
Net Gain/Loss on Asset Sales $160,743
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $4,748
Miscellaneous Revenue$0
Total Revenue $1,668,189,599

Grants Awarded

Over the last fiscal year, Forsyth Memorial Hospital Inc has awarded $834,800 in support to 25 organizations.

Grant RecipientAmount

THE SCIENCE CENTER AND ENVIRONMENTAL PARK OF FORSYTH COUNTY DBA SCIWORKS

Org PageRecipient Profile

Winstonsalem, NC

PURPOSE: COMMUNITY OUTREACH

$200,000

FORSYTH TECHNICAL COMMUNITY COLLEGE

Org PageRecipient Profile

Winstonsalem, NC

PURPOSE: COMMUNITY OUTREACH

$100,000

AMERICAN HEART ASSOCIATION INC

Org PageRecipient Profile

Dallas, TX

PURPOSE: COMMUNITY OUTREACH

$91,960

WINSTON-SALEM FOUNDATION

Org PageRecipient Profile

Winstonsalem, NC

PURPOSE: COMMUNITY OUTREACH

$50,000

UNITED WAY OF FORSYTH COUNTY INC

Org PageRecipient Profile

Winstonsalem, NC

PURPOSE: COMMUNITY OUTREACH

$40,000

WINSTON-SALEM ALLIANCE

Org PageRecipient Profile

Winston Salem, NC

PURPOSE: COMMUNITY OUTREACH

$35,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Forsyth Memorial Hospital Inc has recieved totaling $5,946,092.

Awarding OrganizationAmount
Forsyth Medical Center Foundation

Winston Salem, NC

PURPOSE: TO SUPPORT NHFMC, NHCMC, NHKMC, AND FMCI

$5,843,048
Mayo Clinic Group Return

Rochester, MN

PURPOSE: SUPPORT CHARITABLE PROGRAMS

$103,044
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$450
Ending Balance$450

Peer Organizations

Organization NameAssets
First Health Of The Carolinas Inc
Pinehurst, NC
$986,400,718
Mary Washington Healthcare
Fredericksburg, VA
$863,388,863
Mountain States Health Alliance
Johnson City, TN
$805,201,599
Baptist Memorial Hospital
Memphis, TN
$770,663,628
Medical Center Of Central Georgia Inc
Macon, GA
$800,413,800
Mcleod Regional Medical Center Of The Pee Dee Inc
Florence, SC
$796,571,278
St Francis Hospital Inc
Greenville, SC
$752,202,599
Phoebe Putney Memorial Hospital Inc
Albany, GA
$712,342,689
Cobb Hospital
Marietta, GA
$857,038,951
Anmed Health
Anderson, SC
$728,404,682
Gaston Memorial Hospital Inc
Gastonia, NC
$665,062,443
University Health Services Inc
Augusta, GA
$598,292,806

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