Medical Park Hospital Inc
DBA: NOVANT HEALTH MEDICAL PARK HOSPITAL
SEE SCHEDULE O
IRS Tax Year 2022
Period ending December 31, 2022
Total Revenue
$81.4M
Total Expenses
$67.7M
Net Assets
$426.0M
Employees
330
Volunteers
16
Grants Paid
$4K
Program Expense Ratio
73.0%
This nonprofit profile presents IRS Form 990 tax filing data for Medical Park Hospital Inc (EIN: 56-1340424), based on the 2022 tax year annual return filed with the Internal Revenue Service.
Sections below include financial summaries (revenue, expenses, and net assets), program accomplishments, officer and key employee compensation, detailed executive pay breakdowns, top independent contractors, governance policies and audit information, related tax-exempt organizations. All figures are reported in USD as filed.
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Financial Health
Transparency
Compensation
Program Effectiveness
Financial Stability
Risk Flags
Indicators derived from IRS Form 990 data. Not financial advice.
Medical Park Hospital Inc is a 501(c)(3) nonprofit headquartered in WINSTON SALEM, NC, founded in 1966. In its 2022 filing, the organization reported $81.4M in total revenue, a 18.1% decrease from the prior year, and $67.7M in total expenses. The organization employed 330 people and engaged 16 volunteers. FRED HARGETT, EVP & CFO, is the highest-compensated individual at $2,417,516. The organization runs 1 program, totaling $49.4M in program expenses. 4 of 6 recommended governance policies are in place. Executive benefits include first-class travel, companion travel, housing allowance, discretionary spending.
Programs(Tax Year 2022)
1 record
Medical Park Hospital Inc operates 1 program, with total program expenses of $49.4M. Medical Park Hospital Inc's largest program accounts for 100% of total program spending.
MEDICAL PARK HOSPITAL CARRIES OUT THE PURPOSE OF THE FORSYTH COUNTY BOARD OF COMMISSIONERS THROUGH ADVANCING AND SUPPORTING THE PROMOTION OF HEALTH OF THE INHABITANTS OF FORSYTH COUNTY. MEDICAL PARK HOSPITAL HAS 22 LICENSED BEDS. DURING 2022, THERE WERE 1,706 PATIENT DAYS WITH AN AVERAGE LENGTH OF STAY OF 3 DAYS, AN AVERAGE DAILY CENSUS OF 5, AND 560 DISCHARGES. THERE WERE 9,285 INPATIENT AND OUTPATIENT SURGERIES, AND 20,643 OUTPATIENT ENCOUNTERS.
Financial Overview(Tax Years 2019–2022)
4 records
Over the past 4 years, Medical Park Hospital Inc's revenue has declined from $85.0M to $81.4M, a 4.3% decrease. Program expenses represent 73% of total spending.
Revenue decreased 18.1% year-over-year, while expenses declined 9.7%. net assets rose to $426.0M, up 3.3% from the prior year. the organization reduced headcount by 27 employees.
Medical Park Hospital Inc derives 0% from contributions and grants, with 99% from program services, with 0% from investment income.
Revenue is heavily concentrated: 99% comes from program service revenue, indicating limited diversification.
Medical Park Hospital Inc allocates 73% to programs, 27% to management and general.
Revenue declined by 18.1% and expenses declined by 9.7% year over year.
Medical Park Hospital Inc distributed $4K in grants to other organizations and individuals, representing 0% of total expenses.
Over 4 filings from 2019–2022, Medical Park Hospital Inc declined revenue from $85.0M to $81.4M (-4.3%) while maintaining a program expense ratio of 73%. During this period, the organization grew from 279 to 330 employees.
Medical Park Hospital Inc holds $432.4M in total assets against $6.5M in liabilities (debt-to-asset ratio of 2%). The organization has 75.5 months of operating reserves. Cash and equivalents of $14K cover approximately 0.0 months of expenses.
Revenue
| Year | Total Revenue | Contributions | Gov't Grants | Program Revenue | Investment |
|---|---|---|---|---|---|
| 2022 | $81.4M | $227K | $227K | $80.8M | $98K |
| 2021 | $99.4M | $163K | $163K | $98.9M | $121K |
| 2020 | $95.9M | $1.5M | $1.5M | $94.1M | $71K |
| 2019 | $85.0M | $0 | $0 | $84.9M | $-34K |
Expenses
| Year | Total Expenses | Program | Management | Fundraising | Grants Paid |
|---|---|---|---|---|---|
| 2022 | $67.7M | $49.4M | $18.3M | $0 | $4K |
| 2021 | $74.9M | $56.4M | $18.6M | $0 | $30K |
| 2020 | $71.7M | $53.6M | $18.1M | $0 | $50K |
| 2019 | $66.0M | $49.2M | $16.8M | $0 | $1K |
Program Expense Ratio
73.0%
Admin Expense Ratio
27.0%
Fundraising Efficiency
—
Operating Reserve
75.5 mo
People & Compensation(Tax Year 2022)
17 records
Medical Park Hospital Inc reported compensation for 17 officers and key employees. Total officer compensation was $7.6M, representing 11.2% of total expenses. 5 individuals received total compensation exceeding $500,000.
Medical Park Hospital Inc's highest-compensated individual received $2.4M in total compensation. Total officer compensation of $7.6M represents 11.2% of total expenses. 2 individuals received total compensation exceeding $1,000,000.
| Name | Title | Type | Hours/wk | Comp from Org | Related Orgs | Total |
|---|---|---|---|---|---|---|
| FRED HARGETT | EVP & CFO | Officer | 0.20 | $0 | $2,355,664 | $2,417,516 |
| MICHAEL SETLIFF | TRUSTEE | Director | 0.20 | $0 | $1,024,957 | $1,177,550 |
| KIRSTEN ROYSTER | FMR PRES | Former | — | $0 | $689,224 | $783,348 |
| LESLIE BARRETT | PRESIDENT & COO | Officer | 50.00 | $0 | $616,813 | $696,552 |
| JENNIFER CHRISTMAN | TRUSTEE | Director | 0.20 | $0 | $536,965 | $587,954 |
| TRISHA COLEMAN | TREASURER | Officer | 0.20 | $0 | $371,746 | $422,045 |
| ALICIA SECHRIST | SUPV CRNA | Highest Comp | 45.00 | $288,176 | $0 | $341,143 |
| MARK YOUENS | CRNA II | Highest Comp | 45.00 | $249,876 | $0 | $292,494 |
| SUSAN METCALF | CRNA II | Highest Comp | 45.00 | $254,389 | $0 | $280,979 |
| JOHN WINN | CRNA II | Highest Comp | 45.00 | $231,743 | $0 | $269,393 |
| MOLLY STEWART | CRNA III | Highest Comp | 45.00 | $222,827 | $0 | $260,931 |
| BARBARA FRANCE | SECRETARY | Officer | 50.00 | $3,417 | $40,058 | $64,076 |
| ANDREW SCHNEIDER MD | TRUSTEE | Director | 0.20 | $0 | $1,320 | $1,320 |
| TERRENCE ALMENGUAL MD | VICE CHAIR | OfficerDirector | 0.20 | $0 | $115 | $115 |
| LARI HARDING | TRUSTEE | Director | 0.20 | $0 | $0 | $0 |
| ERNEST MCPHAIL MD | TRUSTEE | Director | 0.20 | $0 | $0 | $0 |
| JOHN WILLIS MD | TRUSTEE | Director | 0.20 | $0 | $0 | $0 |
Compensation Breakdown
Schedule J detail — base, bonus, benefits, and executive perks
FRED HARGETT
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Executive Perks
MICHAEL SETLIFF
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Executive Perks
KIRSTEN ROYSTER
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Executive Perks
LESLIE BARRETT
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Executive Perks
JENNIFER CHRISTMAN
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Executive Perks
TRISHA COLEMAN
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Executive Perks
ALICIA SECHRIST
Base Salary
$278,744
Bonus
$2,580
Other Reportable
$6,852
Retirement/Deferred
$17,603
Nontaxable Benefits
$35,364
Executive Perks
MARK YOUENS
Base Salary
$231,924
Bonus
$2,575
Other Reportable
$15,377
Retirement/Deferred
$14,930
Nontaxable Benefits
$27,688
Executive Perks
SUSAN METCALF
Base Salary
$237,986
Bonus
$2,595
Other Reportable
$13,808
Retirement/Deferred
$14,974
Nontaxable Benefits
$11,616
Executive Perks
JOHN WINN
Base Salary
$205,808
Bonus
$11,725
Other Reportable
$14,210
Retirement/Deferred
$12,006
Nontaxable Benefits
$25,644
Executive Perks
MOLLY STEWART
Base Salary
$219,810
Bonus
$2,610
Other Reportable
$407
Retirement/Deferred
$12,453
Nontaxable Benefits
$25,651
Executive Perks
Top Contractors(Tax Year 2022)
5 records
Medical Park Hospital Inc reported 5 contractors receiving over $100,000, with total contractor payments of $2.4M.
| Name | Service | Compensation |
|---|---|---|
| TRIMEDX INC | CLINICAL ENGINEERING SERVICES | $803,217 |
| MORRISON HEALTHCARE | FOOD MANAGEMENT SERVICES | $491,818 |
| AYA HEALTHCARE INC | TRAVEL NURSING SERVICES | $429,685 |
| C & C BOILER SALES & SERVICE | MAINTENANCE SERVICES | $361,525 |
| LABORATORY CORPORATION OF AMERICA HOLDIN | LAB SERVICES | $281,910 |
Governance & Compliance(Tax Year 2022)
Medical Park Hospital Inc has 4 of 6 recommended governance policies in place, including conflict of interest, whistleblower, document retention. Its board has 7 members, 5 of whom are independent.
Medical Park Hospital Inc's financial statements are audited, an audit committee oversees the process, the organization is subject to a federal grant audit (Single Audit).
Policies & Oversight
Audit & Financial Oversight
Filing History(Tax Years 1966–2022)
4 records
Showing the 4 Form 990 filings currently in our system.
| Tax Year | Form | Period | Revenue | Expenses | Net Assets |
|---|---|---|---|---|---|
| 2022 | 990 | 2022-01-01 – 2022-12-31 | $81.4M | $67.7M | $426.0M |
| 2021 | 990 | 2021-01-01 – 2021-12-31 | $99.4M | $74.9M | $412.3M |
| 2020 | 990 | 2020-01-01 – 2020-12-31 | $95.9M | $71.7M | $387.8M |
| 2019 | 990 | 2019-01-01 – 2019-12-31 | $85.0M | $66.0M | $363.6M |
| 1966–2018 | No filings acquired yet | ||||
Frequently Asked Questions
What does Medical Park Hospital Inc do?
SEE SCHEDULE O
How much revenue does Medical Park Hospital Inc have?
Medical Park Hospital Inc reported $81,381,496 in total revenue for tax year 2022, down 18.1% from the prior year.
Who is the highest-paid executive at Medical Park Hospital Inc?
FRED HARGETT, EVP & CFO, received $2,417,516 in total compensation as of tax year 2022.
Is Medical Park Hospital Inc a 501(c)(3)?
Yes, Medical Park Hospital Inc is classified as a 501(c)(3) tax-exempt organization.
Where is Medical Park Hospital Inc located?
Medical Park Hospital Inc is headquartered in WINSTON SALEM, NC 27103.
How many employees does Medical Park Hospital Inc have?
Medical Park Hospital Inc has 330 employees and 16 volunteers as of tax year 2022.
Is Medical Park Hospital Inc audited?
Yes, Medical Park Hospital Inc's financial statements are audited, and the organization has an audit committee.
Does Medical Park Hospital Inc give grants?
Yes, Medical Park Hospital Inc distributed $3,500 in grants to other organizations and individuals in tax year 2022.
Data Source
IRS Form 990 electronic filings via the IRS Exempt Organizations Business Master File. All financial figures are as reported in USD.
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