Forsyth Memorial Hospital Inc, operating as Novant Health Forsyth Medical Center, is a 501(c)(3) nonprofit hospital organization based in Winston Salem, North Carolina. The organization has been tax-exempt since May 1969 and operates hospital facilities as part of the Novant Health system, a not-for-profit group consisting of hospitals, physician clinics, and outpatient centers. The medical center serves multiple communities in Forsyth County, North Carolina, including Winston-Salem, Kernersville, and Clemmons.
Key facts about Forsyth Memorial Hospital Inc
- EIN
- 56-0928089
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $2,129,206
- Grants made (2024)
- 22
- Average grant
- $96,782
- Median grant
- $22,250
- New grantees (estimate)
- 18% first-time grantees (4 of 22, 2024)
- Total assets
- $3,190,552,079
- Primary geography
- North Carolina (91% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Forsyth Memorial Hospital Inc funds
By grant dollars, the top recipient states for Forsyth Memorial Hospital Inc's 22 itemized 2024 grants were North Carolina (91%) and Texas (6%). The most frequent recipient cities were Winstonsalem, NC (12 grants) and High Point, NC (2 grants). None of its 22 grants with a stated purpose were described as general or operating support. Recurring purposes include "Community Outreach" (17 grants).
Is Forsyth Memorial Hospital Inc open to new grantees?
18%
first-time grantees, 2024
In 2024, 4 of 22 grantees (18%) were first-time recipients. First grants averaged $8K; repeat grants $116K. How we count
Medians: $9K first-time, $33K repeat.
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.2B
+55.2% YoY
Annual Giving
$2.1M
-22.5% YoY
Grant Count
22
-46.3% YoY
Avg Grant Size
$97K
+44.4% YoY
Mission & Focus Areas
Forsyth Memorial Hospital exists to advance and support the promotion of health for members of multiple communities in Forsyth County, North Carolina. The organization's mission centers on improving the health of communities, one person at a time, delivering remarkable patient experiences and fostering innovation in healthcare.
The organization's grantmaking focuses on:
- Nonprofit human services
- Human and social service grants
- Poverty alleviation
- Education
- Philanthropy, voluntarism, and grantmaking
Grantmaking
Forsyth Memorial Hospital Inc makes grants with typical award amounts ranging from $5,280 to $1,250,000. According to the most recent filings, the organization distributed $2,770,634 in total giving. The organization's grant-making activities primarily focus on North Carolina, New York, and Texas.
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Geographic Focus
Where this funder awards grants
The organization's primary geographic focus is North Carolina, with secondary funding activity in New York and Texas.
Grant Distribution by State
Share of all 22 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $3,190,552,079
- Total Revenue: $1,560,678,254
- Total Expenses: $1,566,534,081
- Total Giving: $2,770,634
- Number of Employees: 8,133
As of 2023:
- Total Assets: $2,060,000,000
- Total Revenue: $1,440,000,000
- Total Expenses: $1,440,000,000
The organization operates hospital facilities and has provided first-class or charter travel to key employees or officers, as reported in its tax filings.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,190,552,079 | $2,056,045,743 | $2,102,000,445 |
| Revenue | $1,560,678,254 | $1,442,088,470 | $1,377,864,424 |
| Expenses | $1,566,534,081 | $1,444,760,573 | $1,409,445,707 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $597,672 | $513,788 | $945,729 |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
152 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Young Men's Christian Association of Northwest North Carolina ($948,206), The Science Center and Environmental Park of Forsyth County DBA Sciworks ($400,000), Forsyth Healthcare Inc ($150,000).
| Recipient | Purpose | Amount |
|---|---|---|
| YOUNG MEN'S CHRISTIAN ASSOCIATION OF NORTHWEST NORTH CAROLINA Winstonsalem, NC | SUPPORT ACCESS TO CARE | $948,206 |
| THE SCIENCE CENTER AND ENVIRONMENTAL PARK OF FORSYTH COUNTY DBA SCIWORKS Winstonsalem, NC | SUPPORT MATERNAL AND INFANT HEALTH | $400,000 |
| FORSYTH HEALTHCARE INC Winstonsalem, NC | COMMUNITY OUTREACH | $150,000 |
| SENIOR SERVICES INC Winstonsalem, NC | SUPPORT ACCESS TO CARE | $150,000 |
| AMERICAN HEART ASSOCIATION INC Dallas, TX | COMMUNITY OUTREACH | $129,500 |
| THE LEUKEMIA & LYMPHOMA SOCIETY INC Rye Brook, NY | COMMUNITY OUTREACH | $62,000 |
| PIEDMONT TRIAD PARTNERSHIP High Point, NC | COMMUNITY OUTREACH | $45,000 |
| YOUNG WOMEN'S CHRISTIAN ASSOCIATION OF THE CENTRAL CAROLINAS INC Charlotte, NC | COMMUNITY OUTREACH | $40,000 |
| GREATER WINSTON-SALEM CHAMBER OF COMMERCE INC Winstonsalem, NC | COMMUNITY OUTREACH | $40,000 |
| SECOND HARVEST FOOD BANK OF NORTHWEST NC INC Winstonsalem, NC | COMMUNITY OUTREACH | $25,000 |
Leadership & Key People
Officers and directors from IRS filings
Forsyth Memorial Hospital Inc is led by Carl Armato, Trustee, President & CEO Nh on every filing since 2023; 9 of 32 officers listed in 2024 are compensated.
Officers on the 2024 filing
Carl Armato
Trustee, President & CEO Nh
On filings since 2023
0.2 hrs/week
No compensation reported
Alisha Hutchens
President & COO
COO → President & COO, 2023
On filings since 2022
50 hrs/week
$449K (2022) → $552K (2024)
John Mann MD
Fmr President, COO & Senior Vice President Nh Inst
President & COO → Senior Vice President Nh Inst, 2023
Senior Vice President Nh Inst → Fmr President, COO & Senior Vice President Nh Inst, 2024
On filings since 2022
$979K (2022) → $0 (2024)
Michael Setliff
President Nhfmc & Gwm
On filings since 2022
50 hrs/week
$1M (2022) → $1.1M (2024)
Avery Hall
Chair
Secretary & Treasurer → Chair, 2023
On filings since 2022
0.5 hrs/week
No compensation reported
Ashley Perrott MD
Trustee & Senior Physician Executive
Trustee & Senior Physician Executive → Trustee & Senior Phys Executive, 2023
Trustee & Senior Phys Executive → Trustee & Senior Physician Executive, 2024
On filings since 2022
0.2 hrs/week
$527K (2022) → $447K (2024)
Franklin Chen MD
Trustee & Oncologist
Trustee & Clinical Physician Executive → Trustee & Clin Phys Executive, 2023
Trustee & Clin Phys Executive → Trustee & Oncologist, 2024
On filings since 2022
0.2 hrs/week
$653K (2022) → $0 (2024)
Charles Hauser
Trustee
On filings since 2022
0.2 hrs/week
No compensation reported
Charles Welton
Trustee
On filings since 2022
0.2 hrs/week
No compensation reported
Lari Harding
Trustee
Chair → Trustee, 2023
On filings since 2022
0.2 hrs/week
No compensation reported
Mark Owens
Trustee
On filings since 2022
0.2 hrs/week
No compensation reported
Robert Landry
Trustee
On filings since 2022
0.2 hrs/week
No compensation reported
Samuel Barefoot
Trustee
On filings since 2022
0.2 hrs/week
No compensation reported
Tracey Martin
Trustee
On filings since 2022
0.2 hrs/week
No compensation reported
William Hall
Trustee
On filings since 2022
0.2 hrs/week
No compensation reported
Kristine Sims
Trustee
On filings since 2023
0.2 hrs/week
No compensation reported
Phyllis Caldwell-George
Trustee
On filings since 2023
0.2 hrs/week
No compensation reported
Annette Knight
Trustee
New on the 2024 filing
0.2 hrs/week
No compensation reported
Brian Smith MD
Trustee
New on the 2024 filing
0.2 hrs/week
No compensation reported
Randell Cain
Trustee
New on the 2024 filing
0.2 hrs/week
No compensation reported
Stephen Williams
Trustee
New on the 2024 filing
0.2 hrs/week
No compensation reported
Summer McGee
Trustee
New on the 2024 filing
0.2 hrs/week
No compensation reported
Kirsten Royster
Fmr Ke
Fmr President & COO Kmc → Fmr Ke, 2023
On filings since 2022
50 hrs/week
$689K (2022) → $750K (2024)
Roland Friedman MD
Urologist
On filings since 2022
45 hrs/week
$973K (2022) → $1.2M (2024)
Stanley Fuller MD
Senior Vice President Ch Clin Officer
Senior Vice President Chief Clinical Officer → Senior Vice President Ch Clin Officer, 2023
On filings since 2022
45 hrs/week
$790K (2022) → $832K (2024)
Hassan Alhosaini MD
Cardiologist
New on the 2024 filing
45 hrs/week
$831K (2024)
Oliver Benton MD
Urologist
New on the 2024 filing
45 hrs/week
$757K (2024)
Paul McClain MD
Urologist
New on the 2024 filing
45 hrs/week
$835K (2024)
Linda Latham
Vice Chair
On filings since 2022
0.5 hrs/week
No compensation reported
Mike Horn
Secretary & Treasurer
Trustee → Secretary & Treasurer, 2023
On filings since 2022
0.5 hrs/week
No compensation reported
Geoffrey Gardner
CFO
On filings since 2023
0.2 hrs/week
No compensation reported
Alice Pope
Executive Vice President & CFO
New on the 2024 filing
0.2 hrs/week
No compensation reported
Former officers (39)
- Former: Fred Hargett (2022–2023) — Executive Vice President & CFO
- Former: Imen Clark (2022–2023) — Trustee
- Former: Judson Rackley MD (2023) — Urologist
- Former: Susan Hines MD (2023) — Oncologist
- Former: Brandon Craven (2022) — Urologist
- Former: Christopher Leon (2022) — Trustee
- Former: Kathleen Elliott (2022) — Oncologist
- Former: Baker William (2020–2021) — Oncologist
- Former: Barefoot Samuel (2020–2021) — Trustee
- Former: Brown Candice (2020–2021) — Trustee
- Former: Collins Timothy (2020–2021) — Oncologist
- Former: Edwards Joel MD (2020–2021) — Trustee & Physician
- Former: Elliott Kathleen (2020–2021) — Oncologist
- Former: Foriest Bryant (2020–2021) — Trustee
- Former: Friedman Roland (2020–2021) — Urologist
- Former: Hall Avery (2020–2021) — Secretary & Treasurer
- Former: Harding Lari (2020–2021) — Chair
- Former: Hauser Charles (2020–2021) — Trustee
- Former: Horn Mike (2020–2021) — Trustee
- Former: Landry Robert (2020–2021) — Trustee
- Former: Latham Linda (2020–2021) — Vice Chair
- Former: Leon Christopher (2020–2021) — Trustee
- Former: Mann John (2020–2021) — President & COO
- Former: Martin Tracey (2020–2021) — Trustee
- Former: Nycum Lawrence MD (2020–2021) — Fmr Senior Vice President & CCO
- Former: Owens Mark (2020–2021) — Trustee
- Former: Royster Kirsten (2020–2021) — President & COO Kmc
- Former: Setliff Michael (2020–2021) — President & COO
- Former: Smith Harry (2020–2021) — Fmr Senior Vice President Hosp Ops
- Former: Welton Charles (2020–2021) — Trustee
- Former: Wolfe Iii John (2020–2021) — Trustee
- Former: Chen Franklin MD (2021) — Trustee & Physician
- Former: Dugan James (2021) — Oncologist
- Former: Perrott Ashley MD (2021) — Trustee & Physician
- Former: Berger William MD (2020) — Trustee
- Former: Bright Janet (2020) — Fmr Vice President Nursing & Market Cno
- Former: Healy Joan (2020) — Assistant Secretary
- Former: Johnson Joia (2020) — Chair
- Former: Zeylikman Yuriy (2020) — Neurologist
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
Recent News & Activity
Recent developments and announcements
The Forsyth Medical Center Foundation received a $100,000 grant to support the work of the Healthy Forsyth coalition. The organization has also been involved in supporting community health initiatives and federal grant programs for mobile healthcare services in the region.
Forsyth Medical Center Foundation receives $100,000 grant to support workSubject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Forsyth Memorial Hospital Inc fund?
Forsyth Memorial Hospital exists to advance and support the promotion of health for members of multiple communities in Forsyth County, North Carolina. The organization's mission centers on improving the health of communities, one person at a time, delivering remarkable patient experiences and fostering innovation in healthcare. The organization's grantmaking focuses on: • Nonprofit human services • Human and social service grants • Poverty alleviation • Education • Philanthropy, voluntarism, an…
How do I apply for a grant from Forsyth Memorial Hospital Inc?
Forsyth Memorial Hospital Inc makes grants with typical award amounts ranging from $5,280 to $1,250,000. According to the most recent filings, the organization distributed $2,770,634 in total giving. The organization's grant-making activities primarily focus on North Carolina, New York, and Texas. A related entity, the Novant Health Forsyth Medical Center Foundation, operates to raise community support and funding through charitable giving for essential programs, improved facilities, and state-…
Where does Forsyth Memorial Hospital Inc make grants?
The organization's primary geographic focus is North Carolina, with secondary funding activity in New York and Texas.
What size grants does Forsyth Memorial Hospital Inc award?
In 2024, Forsyth Memorial Hospital Inc awarded 22 grants totaling $2.1M — an average of about $97K per grant, based on its IRS Form 990 filings.
What is Forsyth Memorial Hospital Inc's EIN?
Forsyth Memorial Hospital Inc's EIN (Employer Identification Number) is 56-0928089. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.