Rowan Health Services Corporation
SEE SCHEDULE O
IRS Tax Year 2021
Period ending December 31, 2021
Total Revenue
$519K
Total Expenses
$1.0M
Net Assets
$20.5M
Employees
0
Volunteers
20
Program Expense Ratio
100.0%
This nonprofit profile presents IRS Form 990 tax filing data for Rowan Health Services Corporation (EIN: 56-1424814), based on the 2021 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.
Rowan Health Services Corporation is a 501(c)(3) nonprofit headquartered in WINSTON SALEM, NC, founded in 1984. In its 2021 filing, the organization reported $519K in total revenue, a 20.2% decrease from the prior year, and $1.0M in total expenses. The organization engaged 20 volunteers. BLABON GARY, TRUSTEE, is the highest-compensated individual at $508,212. The organization runs 1 program, totaling $1.0M in program expenses. 4 of 6 recommended governance policies are in place.
Programs(Tax Year 2021)
1 record
Rowan Health Services Corporation operates 1 program, with total program expenses of $1.0M. Rowan Health Services Corporation's largest program accounts for 100% of total program spending.
ROWAN HEALTH SERVICES CORPORATION WAS ORGANIZED TO SUPPORT THE HEALTHCARE ENTITIES OF THE ROWAN SYSTEM.
Financial Overview(Tax Years 2019–2021)
3 records
Over the past 3 years, Rowan Health Services Corporation's revenue has declined from $899K to $519K, a 42.3% decrease. Program expenses represent 100% of total spending.
Revenue decreased 20.2% year-over-year, while expenses declined 1.2%. net assets fell to $20.5M, down 2.4% from the prior year.
Rowan Health Services Corporation derives 65% from program services, with 1% from investment income.
Revenue is diversified across program service revenue (65%), investment income (1%).
Rowan Health Services Corporation allocates 100% to programs, 0% to management and general.
Revenue declined by 20.2% and expenses declined by 1.2% year over year.
Over 3 filings from 2019–2021, Rowan Health Services Corporation declined revenue from $899K to $519K (-42.3%) while maintaining a program expense ratio of 100%.
Rowan Health Services Corporation holds $20.9M in total assets against $379K in liabilities (debt-to-asset ratio of 2%). The organization has 241.3 months of operating reserves. Cash and equivalents of $0 cover approximately 0.0 months of expenses.
Revenue
| Year | Total Revenue | Contributions | Gov't Grants | Program Revenue | Investment |
|---|---|---|---|---|---|
| 2021 | $519K | $0 | $0 | $337K | $7K |
| 2020 | $650K | $0 | $0 | $374K | $7K |
| 2019 | $899K | $0 | $0 | $460K | $302K |
Expenses
| Year | Total Expenses | Program | Management | Fundraising | Grants Paid |
|---|---|---|---|---|---|
| 2021 | $1.0M | $1.0M | $82 | $0 | $0 |
| 2020 | $1.0M | $1.0M | $360 | $0 | $0 |
| 2019 | $1.1M | $1.1M | $197 | $0 | $0 |
Program Expense Ratio
100.0%
Admin Expense Ratio
0.0%
Fundraising Efficiency
—
Operating Reserve
241.3 mo
People & Compensation(Tax Year 2021)
20 records
Rowan Health Services Corporation reported compensation for 20 officers and key employees. Total officer compensation was $1.4M, representing 135.8% of total expenses. 1 individual received total compensation exceeding $500,000.
Rowan Health Services Corporation's highest-compensated individual received $508K in total compensation. Total officer compensation of $1.4M represents 135.8% of total expenses. 1 individual received total compensation exceeding $500,000.
| Name | Title | Type | Hours/wk | Comp from Org | Related Orgs | Total |
|---|---|---|---|---|---|---|
| BLABON GARY | TRUSTEE | Director | 0.20 | $0 | $464,161 | $508,212 |
| MISNER GAVIN MD | TRUSTEE | Director | 0.20 | $0 | $400,725 | $449,078 |
| SMITH HARRY | FMR SVP HOSP OPS | Former | — | $0 | $404,603 | $425,001 |
| HOLLAND DANIEL MD | TRUSTEE | Director | 0.20 | $0 | $2,927 | $2,964 |
| EVERETT JOHN | TRUSTEE | Director | 0.20 | $0 | $214 | $214 |
| DORTON LEIGHANNE MD | TRUSTEE | Director | 0.20 | $0 | $0 | $0 |
| GEGOREK ELIA | TRUSTEE | Director | 0.20 | $0 | $0 | $0 |
| HOOD PERRY | TRUSTEE | Director | 0.20 | $0 | $0 | $0 |
| LOCKLEAR RICHARD | TRUSTEE | Director | 0.20 | $0 | $0 | $0 |
| MALLETT BARBARA | TRUSTEE | Director | 0.20 | $0 | $0 | $0 |
| PONDS MARY | TRUSTEE | Director | 0.20 | $0 | $0 | $0 |
| STEEN FRED | TRUSTEE | Director | 0.20 | $0 | $0 | $0 |
| STOREY MATTHEW MD | TRUSTEE | Director | 0.20 | $0 | $0 | $0 |
| VAN DER POEL JACK | TRUSTEE | Director | 0.20 | $0 | $0 | $0 |
| CARLTON THOMAS MD | TREASURER | OfficerDirector | 0.20 | $0 | $0 | $0 |
| WAGONER EDWARD | TRUSTEE | Director | 0.20 | $0 | $0 | $0 |
| JONES BRUCE | SEC | OfficerDirector | 0.20 | $0 | $0 | $0 |
| PATTERSON FRANCES | VICE CHAIR | OfficerDirector | 0.20 | $0 | $0 | $0 |
| SMITH DAVID | CHAIR | OfficerDirector | 0.20 | $0 | $0 | $0 |
| CLINE WAYNE MD | TRUSTEE | Director | 0.20 | $0 | $0 | $0 |
Compensation Breakdown
Schedule J detail — base, bonus, benefits, and executive perks
BLABON GARY
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
MISNER GAVIN MD
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
SMITH HARRY
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Top Contractors(Tax Year 2021)
1 record
Rowan Health Services Corporation reported 1 contractor receiving over $100,000, with total contractor payments of $162K.
| Name | Service | Compensation |
|---|---|---|
| BAKER ROOFING COMPANY | CONSTRUCTION SERVICES | $161,813 |
Governance & Compliance(Tax Year 2021)
Rowan Health Services Corporation has 4 of 6 recommended governance policies in place, including conflict of interest, whistleblower, document retention. Its board has 18 members, 16 of whom are independent.
Rowan Health Services Corporation's financial statements are audited, an audit committee oversees the process.
Policies & Oversight
Audit & Financial Oversight
Supplemental Financial Data(Tax Year 2021)
The endowment stands at $50K.
Filing History(Tax Years 1984–2021)
3 records
Showing the 3 Form 990 filings currently in our system.
| Tax Year | Form | Period | Revenue | Expenses | Net Assets |
|---|---|---|---|---|---|
| 2021 | 990 | 2021-01-01 – 2021-12-31 | $519K | $1.0M | $20.5M |
| 2020 | 990 | 2020-01-01 – 2020-12-31 | $650K | $1.0M | $21.0M |
| 2019 | 990 | 2019-01-01 – 2019-12-31 | $899K | $1.1M | $21.4M |
| 1984–2018 | No filings acquired yet | ||||
Frequently Asked Questions
What does Rowan Health Services Corporation do?
SEE SCHEDULE O
How much revenue does Rowan Health Services Corporation have?
Rowan Health Services Corporation reported $519,088 in total revenue for tax year 2021, down 20.2% from the prior year.
Who is the highest-paid executive at Rowan Health Services Corporation?
BLABON GARY, TRUSTEE, received $508,212 in total compensation as of tax year 2021.
Is Rowan Health Services Corporation a 501(c)(3)?
Yes, Rowan Health Services Corporation is classified as a 501(c)(3) tax-exempt organization.
Where is Rowan Health Services Corporation located?
Rowan Health Services Corporation is headquartered in WINSTON SALEM, NC 27103.
Is Rowan Health Services Corporation audited?
Yes, Rowan Health Services Corporation's financial statements are audited, and the organization has an audit committee.
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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