Self Insurance Fund - Novant Health Inc
SEE SCHEDULE O
IRS Tax Year 2024
Period ending March 11, 2024
Total Revenue
$2K
Total Expenses
$5K
Net Assets
$0
Employees
0
Volunteers
6
Program Expense Ratio
100.0%
This nonprofit profile presents IRS Form 990 tax filing data for Self Insurance Fund - Novant Health Inc (EIN: 58-1867242), based on the 2024 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, 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.
Self Insurance Fund - Novant Health Inc is a 501(c)(3) nonprofit headquartered in WINSTON SALEM, NC, founded in 1989. In its 2024 filing, the organization reported $2K in total revenue, a 108.4% increase from the prior year, and $5K in total expenses. The organization engaged 6 volunteers. DENISE MIHAL, CHAIR/EVP, is the highest-compensated individual at $2,017,153. The organization runs 1 program, totaling $5K in program expenses. 3 of 6 recommended governance policies are in place.
Programs(Tax Year 2024)
1 record
Self Insurance Fund - Novant Health Inc operates 1 program, with total program expenses of $5K. Self Insurance Fund - Novant Health Inc's largest program accounts for 100% of total program spending.
THE ORGANIZATION HAS HISTORICALLY FUNDED GENERAL AND PROFESSIONAL LIABILITY CLAIMS LEVIED AGAINST THE NON-PROFIT ORGANIZATIONS OF NOVANT HEALTH'S INTEGRATED HEALTHCARE SYSTEM. ASSETS, LIABILITIES, AND INVESTMENT EARNINGS OF THE ORGANIZATION ARE RECORDED ON THE BOOKS OF THE SYSTEM'S PARENT ORGANIZATION, NOVANT HEALTH, INC. HOWEVER, THE FINANCIAL ACTIVITY OF THE ORGANIZATION IS REPORTED SEPARATELY ON THIS FORM 990. THE ORGANIZATION DISSOLVED IN MARCH 2024. NET ASSETS WERE DISTRIBUTED TO NOVANT HEALTH INSURANCE PROTECTED CELL, LLC, A LIMITED LIABILITY COMPANY WHOLLY OWNED BY NOVANT HEALTH, INC, A TAX-EXEMPT HEALTHCARE ORGANIZATION.
Financial Overview(Tax Years 2019–2024)
6 records
Over the past 6 years, Self Insurance Fund - Novant Health Inc's revenue has declined from $1.3M to $2K, a 99.8% decrease. Program expenses represent 100% of total spending.
Revenue increased 108.4% year-over-year, while expenses declined 74.4%. net assets fell to $0, down 100.0% from the prior year.
Self Insurance Fund - Novant Health Inc derives 100% from investment income.
Revenue grew by 108.4% while expenses declined by only 74.4%, suggesting improving operational efficiency.
Over 6 filings from 2019–2024, Self Insurance Fund - Novant Health Inc declined revenue from $1.3M to $2K (-99.8%) while maintaining a program expense ratio of 100%.
Self Insurance Fund - Novant Health Inc holds $0 in total assets against $0 in liabilities. Cash and equivalents of $0 cover approximately 0.0 months of expenses.
Revenue
| Year | Total Revenue | Contributions | Gov't Grants | Program Revenue | Investment |
|---|---|---|---|---|---|
| 2024 | $2K | $0 | $0 | $0 | $2K |
| 2023 | $-29K | $0 | $0 | $0 | $-29K |
| 2022 | $-115K | $0 | $0 | $0 | $-115K |
| 2021 | $454K | $0 | $0 | $0 | $454K |
| 2020 | $2.2M | $0 | $0 | $0 | $2.2M |
| 2019 | $1.3M | $0 | $0 | $0 | $1.3M |
Expenses
| Year | Total Expenses | Program | Management | Fundraising | Grants Paid |
|---|---|---|---|---|---|
| 2024 | $5K | $5K | $0 | $0 | $0 |
| 2023 | $18K | $18K | $0 | $0 | $0 |
| 2022 | $33K | $33K | $0 | $0 | $0 |
| 2021 | $28K | $28K | $0 | $0 | $0 |
| 2020 | $84K | $84K | $0 | $0 | $0 |
| 2019 | $5.8M | $5.8M | $0 | $0 | $0 |
Program Expense Ratio
100.0%
Admin Expense Ratio
—
Fundraising Efficiency
—
Operating Reserve
0.0 mo
People & Compensation(Tax Year 2024)
9 records
Self Insurance Fund - Novant Health Inc reported compensation for 9 officers and key employees. Total officer compensation was $9.4M, representing 201934.4% of total expenses. 6 individuals received total compensation exceeding $500,000.
Self Insurance Fund - Novant Health Inc's highest-compensated individual received $2.0M in total compensation. Total officer compensation of $9.4M represents 201934.4% of total expenses. 5 individuals received total compensation exceeding $1,000,000.
| Name | Title | Type | Hours/wk | Comp from Org | Related Orgs | Total |
|---|---|---|---|---|---|---|
| DENISE MIHAL | CHAIR/EVP | OfficerDirector | 0.20 | $0 | $1,983,434 | $2,017,153 |
| FRANK EMORY JR | TRUSTEE/EVP | Director | 0.20 | $0 | $1,881,320 | $1,929,101 |
| GEOFFREY GARDNER | CFO (TO 5/12/24) | Officer | 0.20 | $0 | $1,254,251 | $1,299,829 |
| STANLEY FULLER MD | TRUSTEE/SVP CCO | Director | 0.20 | $0 | $1,033,679 | $1,180,093 |
| SCOTT MYERS | TRUSTEE/SVP CORP FINANCE | Director | 0.20 | $0 | $961,679 | $1,071,364 |
| ALICE POPE | CFO (FR 5/13/24) | Officer | 0.20 | $0 | $991,687 | $999,640 |
| NAN HOLLAND | TRUSTEE/VP RISK MGMT | Director | 0.20 | $0 | $364,005 | $395,818 |
| JULIA HYETT | TRUSTEE/VP CORP INSURANCE | Director | 0.20 | $0 | $323,731 | $353,559 |
| ERIC ESKIOGLU MD | FMR TRUSTEE (TO 12/1/22)/FMR KE | Former | — | $0 | $100,800 | $105,023 |
Compensation Breakdown
Schedule J detail — base, bonus, benefits, and executive perks
DENISE MIHAL
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
FRANK EMORY JR
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
GEOFFREY GARDNER
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
STANLEY FULLER MD
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
SCOTT MYERS
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
ALICE POPE
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
NAN HOLLAND
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
JULIA HYETT
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
ERIC ESKIOGLU MD
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Governance & Compliance(Tax Year 2024)
Self Insurance Fund - Novant Health Inc has 3 of 6 recommended governance policies in place, including conflict of interest, whistleblower, document retention. Its board has 6 members, 0 of whom are independent.
Self Insurance Fund - Novant Health Inc's financial statements are audited, an audit committee oversees the process.
Self Insurance Fund - Novant Health Inc has family or business relationships among officers, directors, or key employees.
Policies & Oversight
Audit & Financial Oversight
Filing History(Tax Years 1989–2024)
6 records
Showing the 6 Form 990 filings currently in our system.
| Tax Year | Form | Period | Revenue | Expenses | Net Assets |
|---|---|---|---|---|---|
| 2024 | 990 | 2024-01-01 – 2024-03-11 | $2K | $5K | $0 |
| 2023 | 990 | 2023-01-01 – 2023-12-31 | $-29K | $18K | $8.5M |
| 2022 | 990 | 2022-01-01 – 2022-12-31 | $-115K | $33K | $-878K |
| 2021 | 990 | 2021-01-01 – 2021-12-31 | $454K | $28K | $-443K |
| 2020 | 990 | 2020-01-01 – 2020-12-31 | $2.2M | $84K | $9.6M |
| 2019 | 990 | 2019-01-01 – 2019-12-31 | $1.3M | $5.8M | $18.1M |
| 1989–2018 | No filings acquired yet | ||||
Frequently Asked Questions
What does Self Insurance Fund - Novant Health Inc do?
SEE SCHEDULE O
How much revenue does Self Insurance Fund - Novant Health Inc have?
Self Insurance Fund - Novant Health Inc reported $2,460 in total revenue for tax year 2024, up 108.4% from the prior year.
Who is the highest-paid executive at Self Insurance Fund - Novant Health Inc?
DENISE MIHAL, CHAIR/EVP, received $2,017,153 in total compensation as of tax year 2024.
Is Self Insurance Fund - Novant Health Inc a 501(c)(3)?
Yes, Self Insurance Fund - Novant Health Inc is classified as a 501(c)(3) tax-exempt organization.
Where is Self Insurance Fund - Novant Health Inc located?
Self Insurance Fund - Novant Health Inc is headquartered in WINSTON SALEM, NC 27103.
Is Self Insurance Fund - Novant Health Inc audited?
Yes, Self Insurance Fund - Novant Health Inc'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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