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.
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
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 | — | — | — |
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 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
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ANNETTE KNIGHT | TRUSTEE (FR 1/1/24) | 0.2 | — |
| ASHLEY PERROTT MD | TRUSTEE/SR PHYSICIAN EXECUTIVE | 0.2 | $446,684 |
| AVERY HALL | CHAIR | 0.5 | — |
| BRIAN SMITH MD | TRUSTEE (FR 5/1/24) | 0.2 | — |
| CARL ARMATO | TRUSTEE/ PRES/CEO NH | 0.2 | — |
| CHARLES HAUSER | TRUSTEE (TO 12/31/24) | 0.2 | — |
| CHARLES WELTON | TRUSTEE (TO 12/31/24) | 0.2 | — |
| FRANKLIN CHEN MD | TRUSTEE/ONCOLOGIST | 0.2 | — |
| KRISTINE SIMS | TRUSTEE | 0.2 | — |
| LARI HARDING | TRUSTEE | 0.2 | — |
| LINDA LATHAM | VICE CHAIR | 0.5 | — |
| MARK OWENS | TRUSTEE | 0.2 | — |
| MIKE HORN | SECRETARY/TREASURER | 0.5 | — |
| PHYLLIS CALDWELL-GEORGE | TRUSTEE | 0.2 | — |
| RANDELL CAIN | TRUSTEE (FR 1/1/24) | 0.2 | — |
| ROBERT LANDRY | TRUSTEE | 0.2 | — |
| SAMUEL BAREFOOT | TRUSTEE | 0.2 | — |
| STEPHEN WILLIAMS | TRUSTEE (FR 1/1/24) | 0.2 | — |
| SUMMER MCGEE | TRUSTEE (FR 1/1/24) | 0.2 | — |
| TRACEY MARTIN | TRUSTEE | 0.2 | — |
| WILLIAM HALL | TRUSTEE | 0.2 | — |
| ALICE POPE | EVP/CFO (FR 4/29/24) | 0.2 | — |
| ALISHA HUTCHENS | PRES, COO (FR 10/29/24) | 50 | $551,840 |
| GEOFFREY GARDNER | CFO (TO 4/28/24) | 0.2 | — |
| MICHAEL SETLIFF | PRES NHFMC/GWM (TO 10/28/24) | 50 | $1,148,502 |
| HASSAN ALHOSAINI MD | CARDIOLOGIST | 45 | $830,636 |
| OLIVER BENTON MD | UROLOGIST | 45 | $757,485 |
| PAUL MCCLAIN MD | UROLOGIST | 45 | $834,849 |
| ROLAND FRIEDMAN MD | UROLOGIST | 45 | $1,158,267 |
| STANLEY FULLER MD | SVP CH CLIN OFFICER | 45 | $831,999 |
| JOHN MANN MD | FMR PRES/COO, SVP NH INST | — | — |
| KIRSTEN ROYSTER | FMR KE (12/31/21) | 50 | $750,331 |
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 June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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