The Presbyterian Hospital
DBA: NOVANT HEALTH PRESBYTERIAN MEDICAL CENTER
SEE SCHEDULE O
IRS Tax Year 2024
Period ending December 31, 2024
Total Revenue
$2.3B
Total Expenses
$1.9B
Net Assets
$4.6B
Employees
8,475
Volunteers
657
Grants Paid
$4.5M
Program Expense Ratio
81.9%
This nonprofit profile presents IRS Form 990 tax filing data for The Presbyterian Hospital (EIN: 56-0554230), 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, 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.
The Presbyterian Hospital is a 501(c)(3) nonprofit headquartered in WINSTON SALEM, NC, founded in 1903. The organization has held tax-exempt status since 1956. In its 2024 filing, the organization reported $2.3B in total revenue, a 15.9% increase from the prior year, and $1.9B in total expenses. The organization employed 8,475 people and engaged 657 volunteers. SAAD EHTISHAM, TRUSTEE, SVP, PRES NHPMC/GCM, is the highest-compensated individual at $1,518,084. The organization runs 1 program, totaling $1.5B in program expenses. 4 of 6 recommended governance policies are in place. Executive benefits include first-class travel, companion travel, housing allowance, discretionary spending.
The Presbyterian Hospital is classified under NTEE code E220. Its foundation type is 12.
Programs(Tax Year 2024)
1 record
The Presbyterian Hospital operates 1 program, with total program expenses of $1.5B. The Presbyterian Hospital's largest program accounts for 100% of total program spending.
THE PRESBYTERIAN HOSPITAL ("TPH") DBA NOVANT HEALTH PRESBYTERIAN MEDICAL CENTER ("NHPMC"), NOVANT HEALTH HUNTERVILLE MEDICAL CENTER ("NHHMC"), AND NOVANT HEALTH CHARLOTTE ORTHOPEDIC HOSPITAL ("NHCOH"), ALONG WITH THEIR PROVIDER BASED PHYSICIAN PRACTICES, EXISTS TO PROMOTE THE HEALTH OF THE MEMBERS OF MULTIPLE COMMUNITIES IN MECKLENBURG COUNTY NORTH CAROLINA, REGARDLESS OF A PATIENT'S ABILITY TO PAY. COLLECTIVELY, THE HOSPITAL FACILITIES IN THIS ORGANIZATION HAVE 780 LICENSED BEDS. IN 2024, THERE WERE 238,557 PATIENT DAYS, WITH AN AVERAGE LENGTH OF STAY OF 6 DAYS, AND AN AVERAGE DAILY CENSUS OF 652. THERE WERE 45,527 DISCHARGES, 45,459 INPATIENT AND OUTPATIENT SURGERIES, 550,002 OUTPATIENT ENCOUNTERS AND 119,698 EMERGENCY DEPARTMENT VISITS.
Financial Overview(Tax Years 2019–2024)
6 records
Over the past 6 years, The Presbyterian Hospital's revenue has grown from $1.6B to $2.3B, a 43.4% increase. Program expenses represent 82% of total spending.
Revenue increased 15.9% year-over-year, while expenses grew 8.8%. net assets rose to $4.6B, up 60.1% from the prior year. the organization added 61 employees.
The Presbyterian Hospital 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.
The Presbyterian Hospital allocates 82% to programs, 18% to management and general.
Revenue grew by 15.9% while expenses grew by only 8.8%, suggesting improving operational efficiency.
The Presbyterian Hospital distributed $4.5M in grants to other organizations and individuals, representing 0% of total expenses.
Over 6 filings from 2019–2024, The Presbyterian Hospital grew revenue from $1.6B to $2.3B (+43.4%) while maintaining a program expense ratio of 82%. During this period, the organization grew from 7,274 to 8,475 employees.
The Presbyterian Hospital holds $4.8B in total assets against $199.6M in liabilities (debt-to-asset ratio of 4%). The organization has 30.0 months of operating reserves. Cash and equivalents of $1.1M cover approximately 0.0 months of expenses.
Revenue
| Year | Total Revenue | Contributions | Gov't Grants | Program Revenue | Investment |
|---|---|---|---|---|---|
| 2024 | $2.3B | $9.5M | $5.4M | $2.3B | $773K |
| 2023 | $2.0B | $4.7M | $177K | $1.9B | $846K |
| 2022 | $1.7B | $10.5M | $5.3M | $1.7B | $846K |
| 2021 | $1.8B | $14.2M | $9.6M | $1.8B | $3.2M |
| 2020 | $1.6B | $44.0M | $41.7M | $1.6B | $234K |
| 2019 | $1.6B | $2.8M | $3K | $1.6B | $2.6M |
Expenses
| Year | Total Expenses | Program | Management | Fundraising | Grants Paid |
|---|---|---|---|---|---|
| 2024 | $1.9B | $1.5B | $335.0M | $0 | $4.5M |
| 2023 | $1.7B | $1.4B | $66.1M | $0 | $4.9M |
| 2022 | $1.6B | $1.3B | $302.2M | $0 | $4.6M |
| 2021 | $1.5B | $1.3B | $266.1M | $0 | $3.7M |
| 2020 | $1.5B | $1.2B | $263.5M | $0 | $3.9M |
| 2019 | $1.4B | $1.2B | $244.3M | $0 | $3.0M |
Program Expense Ratio
81.9%
Admin Expense Ratio
18.1%
Fundraising Efficiency
—
Operating Reserve
30.0 mo
People & Compensation(Tax Year 2024)
22 records
The Presbyterian Hospital reported compensation for 22 officers and key employees. Total officer compensation was $11.9M, representing 0.6% of total expenses. 10 individuals received total compensation exceeding $500,000.
The Presbyterian Hospital's highest-compensated individual received $1.5M in total compensation. Total officer compensation of $11.9M represents 0.6% of total expenses. 7 individuals received total compensation exceeding $1,000,000.
| Name | Title | Type | Hours/wk | Comp from Org | Related Orgs | Total |
|---|---|---|---|---|---|---|
| SAAD EHTISHAM | TRUSTEE, SVP, PRES NHPMC/GCM | OfficerDirector | 50.20 | $1,340,881 | $0 | $1,518,084 |
| GEOFFREY GARDNER | CFO (TO 4/28/24) | Officer | 0.20 | $0 | $1,254,252 | $1,299,330 |
| SIDNEY FLETCHER MD | SVP CHIEF CLINICAL OFFICER | Highest Comp | 45.00 | $1,121,681 | $0 | $1,290,200 |
| ALICE POPE | EVP/CFO (FR 4/29/24) | Officer | 0.20 | $0 | $991,687 | $1,175,156 |
| ALAN ZAUSNER SKARBNIK | ONCOLOGIST | Highest Comp | 45.00 | $1,053,018 | $0 | $1,110,619 |
| PETER TURK MD FACS | GENERAL SURGEON | Highest Comp | 45.00 | $1,052,803 | $0 | $1,099,372 |
| PATRICIA KROPF | ONCOLOGIST | Highest Comp | 45.00 | $1,023,230 | $0 | $1,068,282 |
| KELLIE SCHNEIDER MD | OBGYN GYN ONC | Highest Comp | 45.00 | $879,386 | $0 | $924,441 |
| JAMIE FEINOUR | COO PMC, PRES NHCOH | Key Employee | 50.00 | $788,957 | $0 | $855,996 |
| MICHAEL RILEY | FMR KE | Former | 50.00 | $679,905 | $0 | $727,391 |
| KATRINA KING | FMR KE | Former | — | $0 | $430,971 | $461,055 |
| KIMBERLY CASE MD | TRUSTEE/PALLIATIVE CARE PHYSICIAN | Director | 0.20 | $0 | $333,558 | $360,816 |
| JAMES TAYLOR | CHAIR | OfficerDirector | 0.50 | $0 | $725 | $725 |
| KANDI DEITEMEYER EDD | VICE CHAIR | OfficerDirector | 0.50 | $0 | $0 | $0 |
| JAMES JOHNSON MD | TRUSTEE | Director | 0.20 | $0 | $0 | $0 |
| JANELLE LYONS | TRUSTEE | Director | 0.20 | $0 | $0 | $0 |
| JOHN LEWIS | TRUSTEE | Director | 0.20 | $0 | $0 | $0 |
| LUIS LOBO | TRUSTEE | Director | 0.20 | $0 | $0 | $0 |
| PATRICK WILSON MD | TRUSTEE | Director | 0.20 | $0 | $0 | $0 |
| TALIA GOLDMAN | TRUSTEE (TO 12/31/24) | Director | 0.20 | $0 | $0 | $0 |
| THADDEUS JONES | TRUSTEE | Director | 0.20 | $0 | $0 | $0 |
| MICHELLE LEE | TREASURER (TO 12/31/24) | OfficerDirector | 0.50 | $0 | $0 | $0 |
Compensation Breakdown
Schedule J detail — base, bonus, benefits, and executive perks
SAAD EHTISHAM
Base Salary
$696,727
Bonus
$514,167
Other Reportable
$129,987
Retirement/Deferred
$131,092
Nontaxable Benefits
$46,111
Executive Perks
GEOFFREY GARDNER
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Executive Perks
SIDNEY FLETCHER MD
Base Salary
$571,338
Bonus
$422,555
Other Reportable
$127,788
Retirement/Deferred
$111,423
Nontaxable Benefits
$57,096
Executive Perks
ALICE POPE
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Executive Perks
ALAN ZAUSNER SKARBNIK
Base Salary
$553,027
Bonus
$473,597
Other Reportable
$26,394
Retirement/Deferred
$20,700
Nontaxable Benefits
$36,901
Executive Perks
PETER TURK MD FACS
Base Salary
$702,982
Bonus
$307,349
Other Reportable
$42,472
Retirement/Deferred
$20,700
Nontaxable Benefits
$25,869
Executive Perks
PATRICIA KROPF
Base Salary
$621,927
Bonus
$370,514
Other Reportable
$30,789
Retirement/Deferred
$20,700
Nontaxable Benefits
$24,352
Executive Perks
KELLIE SCHNEIDER MD
Base Salary
$591,647
Bonus
$270,124
Other Reportable
$17,615
Retirement/Deferred
$20,700
Nontaxable Benefits
$24,355
Executive Perks
JAMIE FEINOUR
Base Salary
$450,127
Bonus
$299,390
Other Reportable
$39,440
Retirement/Deferred
$20,700
Nontaxable Benefits
$46,339
Executive Perks
MICHAEL RILEY
Base Salary
$372,103
Bonus
$270,657
Other Reportable
$37,145
Retirement/Deferred
$20,700
Nontaxable Benefits
$26,786
Executive Perks
KATRINA KING
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Executive Perks
KIMBERLY CASE MD
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Executive Perks
Top Contractors(Tax Year 2024)
5 records
The Presbyterian Hospital reported 5 contractors receiving over $100,000, with total contractor payments of $86.0M.
| Name | Service | Compensation |
|---|---|---|
| AYA HEALTHCARE INC | STAFFING SERVICES | $29,670,518 |
| LABORATORY CORPORATION OF AMERICA HOLDIN | LAB SERVICES | $18,811,402 |
| MORRISON HEALTHCARE | FOOD MANAGEMENT SERVICES | $15,107,578 |
| TRIMEDX INC | CLINICAL ENGINEERING SERVICES | $13,222,797 |
| SURGICAL SPECIALISTS OF CHARLOTTE PA | HEALTH SERVICES | $9,199,715 |
Governance & Compliance(Tax Year 2024)
The Presbyterian Hospital has 4 of 6 recommended governance policies in place, including conflict of interest, whistleblower, document retention. Its board has 12 members, 9 of whom are independent.
The Presbyterian Hospital'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
Grants Awarded(Tax Year 2024)
63 records
The Presbyterian Hospital awarded $2.9M across 58 grants to organizations. Top recipients include FOUNDATION FOR THE CAROLINAS (CHARLOTTE, NC) — $504K for community outreach; CHARLOTTE COMMUNITY HEALTH CLINIC INC (CHARLOTTE, NC) — $500K for community outreach; CHARLOTTE SYMPHONY ORCHESTRA SOCIETY INC (CHARLOTTE, NC) — $321K for community outreach. The organization also provided grants to individuals (14,687 recipients) totaling $102K, including medication to indigent patients, zoll life vest, patient transportation, scholarships, patient assistance.
Organization Grants
| Recipient | Location | Amount | Purpose |
|---|---|---|---|
| FOUNDATION FOR THE CAROLINAS566047886 | CHARLOTTE, NC | $504K | COMMUNITY OUTREACH |
| CHARLOTTE COMMUNITY HEALTH CLINIC INC562274174 | CHARLOTTE, NC | $500K | COMMUNITY OUTREACH |
| CHARLOTTE SYMPHONY ORCHESTRA SOCIETY INC566011568 | CHARLOTTE, NC | $321K | COMMUNITY OUTREACH |
| THE CHARLOTTE CHAMBER OF COMMERCE560173610 | CHARLOTTE, NC | $277K | COMMUNITY OUTREACH |
| CCCP COMMUNITY TRUST010554275 | CHARLOTTE, NC | $130K | COMMUNITY OUTREACH |
| LAKE NORMAN COMMUNITY HEALTH CLINIC043723062 | HUNTERSVILLE, NC | $124K | COMMUNITY OUTREACH |
| AMERICAN HEART ASSOCIATION INC135613797 | DALLAS, TX | $123K | COMMUNITY OUTREACH |
| AUGUSTINE LITERACY PROJECT - CHARLOTTE830822641 | CHARLOTTE, NC | $100K | COMMUNITY OUTREACH |
| PROJECT 658 INC462956418 | CHARLOTTE, NC | $78K | COMMUNITY OUTREACH |
| JDRF INTERNATIONAL231907729 | NEW YORK, NY | $52K | COMMUNITY OUTREACH |
| HEARTBRIGHT FOUNDATION INC450496759 | CHARLOTTE, NC | $45K | COMMUNITY OUTREACH |
| TOWN OF HUNTERSVILLE NC566001252 | HUNTERSVILLE, NC | $38K | COMMUNITY OUTREACH |
| THE LEUKEMIA & LYMPHOMA SOCIETY INC135644916 | RYE BROOK, NY | $35K | COMMUNITY OUTREACH |
| CHARLOTTE BALLET581314711 | CHARLOTTE, NC | $28K | COMMUNITY OUTREACH |
| COMMUNITY BUILDING INITIATIVE202892726 | CHARLOTTE, NC | $27K | COMMUNITY OUTREACH |
| THE ECHO FOUNDATION562054137 | CHARLOTTE, NC | $25K | COMMUNITY OUTREACH |
| CARE RING INC560621073 | CHARLOTTE, NC | $25K | COMMUNITY OUTREACH |
| AMERICAN DIABETES ASSOCIATION131623888 | ARLINGTON, VA | $25K | COMMUNITY OUTREACH |
| SAMARITAN HOUSE INC830378196 | CHARLOTTE, NC | $25K | COMMUNITY OUTREACH |
| UNITED NEGRO COLLEGE FUND INC131624241 | WASHINGTON, DC | $22K | COMMUNITY OUTREACH |
Showing 20 of 58 grants.
Grants to Individuals
| Type | Recipients | Amount |
|---|---|---|
| MEDICATION TO INDIGENT PATIENTS | 182 | — |
| ZOLL LIFE VEST | 10 | — |
| PATIENT TRANSPORTATION | 14,330 | — |
| SCHOLARSHIPS | 51 | $91K |
| PATIENT ASSISTANCE | 114 | $10K |
Filing History(Tax Years 1956–2024)
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 – 2024-12-31 | $2.3B | $1.9B | $4.6B |
| 2023 | 990 | 2023-01-01 – 2023-12-31 | $2.0B | $1.7B | $2.9B |
| 2022 | 990 | 2022-01-01 – 2022-12-31 | $1.7B | $1.6B | $2.7B |
| 2021 | 990 | 2021-01-01 – 2021-12-31 | $1.8B | $1.5B | $2.5B |
| 2020 | 990 | 2020-01-01 – 2020-12-31 | $1.6B | $1.5B | $2.3B |
| 2019 | 990 | 2019-01-01 – 2019-12-31 | $1.6B | $1.4B | $2.1B |
| 1956–2018 | No filings acquired yet | ||||
Frequently Asked Questions
What does The Presbyterian Hospital do?
SEE SCHEDULE O
How much revenue does The Presbyterian Hospital have?
The Presbyterian Hospital reported $2,274,729,924 in total revenue for tax year 2024, up 15.9% from the prior year.
Who is the highest-paid executive at The Presbyterian Hospital?
SAAD EHTISHAM, TRUSTEE, SVP, PRES NHPMC/GCM, received $1,518,084 in total compensation as of tax year 2024.
Is The Presbyterian Hospital a 501(c)(3)?
Yes, The Presbyterian Hospital is classified as a 501(c)(3) tax-exempt organization.
Where is The Presbyterian Hospital located?
The Presbyterian Hospital is headquartered in WINSTON SALEM, NC 27103.
How many employees does The Presbyterian Hospital have?
The Presbyterian Hospital has 8,475 employees and 657 volunteers as of tax year 2024.
Is The Presbyterian Hospital audited?
Yes, The Presbyterian Hospital's financial statements are audited, and the organization has an audit committee.
Does The Presbyterian Hospital give grants?
Yes, The Presbyterian Hospital distributed $4,549,249 in grants to other organizations and individuals in tax year 2024. Top recipients include FOUNDATION FOR THE CAROLINAS, CHARLOTTE COMMUNITY HEALTH CLINIC INC, CHARLOTTE SYMPHONY ORCHESTRA SOCIETY INC.
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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