Forsyth Memorial Hospital Inc
82% goes to programs $0 to raise $100 Strong reserves
Forsyth Memorial Hospital Inc is a 501(c)(3) organization based in Winston Salem, North Carolina, registered in 1969, with $1,560,678,254 in FY2024 revenue. CharityIndex grades it A, and it directs about 82% of spending to programs.
2085 Frontis Plaza Blvd, Winston Salem, NC, 27103 EIN 56-0928089 Since 1969
Revenue (FY2024)
$1.6B
▲ 8.2% vs prior year
Health median: $840K
Expenses (FY2024)
$1.6B
Net assets
$3.0B
Employees
8,133
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating82% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Forsyth Memorial Hospital Inc: 82% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating23 mo reserves · -0% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Forsyth Memorial Hospital Inc: 23 mo reserves · -0% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Forsyth Memorial Hospital Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Forsyth Memorial Hospital Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
See schedule o
Contact & location
- Address
- 2085 Frontis Plaza Blvd, Winston Salem, NC, 27103
- City
- Winston Salem
- State
- North Carolina
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $1.1B (FY2013) to $1.6B (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $182.5MNet assets $3.0B
Operating margin
-0.4%
Spent more than it raised in the latest fiscal year.
Total assets
$3.2B
Total liabilities
$182.5M
Net assets
$3.0B
Salaries & benefits
$687.5M
44% of expenses
Board members
21
18 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,560,678,254▲8.2% | $1,566,534,081▲8.4% | $3,008,094,028▲58.7% | $3,190,552,079▲55.2% | 990 |
| 2023 | $1,442,088,470▲4.7% | $1,444,760,573▲2.5% | $1,895,881,390▼0.5% | $2,056,045,743▼2.2% | 990 |
| 2022 | $1,377,864,424▼17.4% | $1,409,445,707▼7.7% | $1,905,619,517▼1.9% | $2,102,000,445▼4.6% | 990 |
| 2021 | $1,668,189,599▲7.5% | $1,527,559,495▲5.8% | $1,942,187,541▲7.7% | $2,202,894,341▲6.8% | 990 |
| 2020 | $1,551,372,846▲2.9% | $1,443,848,191▲3.2% | $1,803,281,252▲6.1% | $2,063,331,863▲12.9% | 990 |
| 2019 | $1,507,111,921▲6.4% | $1,399,421,017▲7.9% | $1,698,930,575▲6.4% | $1,827,333,103▲8.0% | 990 |
| 2018 | $1,417,035,882▲6.8% | $1,296,704,213▲8.0% | $1,596,365,579▲9.2% | $1,692,009,282▲9.5% | 990 |
| 2017 | $1,326,371,862▲0.8% | $1,200,206,697▲3.7% | $1,462,490,917▲8.9% | $1,544,644,500▲8.7% | 990 |
| 2016 | $1,315,503,470▲5.5% | $1,157,063,261▲2.9% | $1,342,695,319▲13.2% | $1,421,062,231▲12.9% | 990 |
| 2015 | $1,246,823,158▲9.7% | $1,124,738,588▲6.0% | $1,186,222,993▲10.5% | $1,258,857,555▲11.1% | 990 |
| 2014 | $1,136,460,611▲5.7% | $1,061,492,177▲6.6% | $1,073,076,693▲6.6% | $1,133,278,673▲6.8% | 990 |
| 2013 | $1,075,249,877 | $995,436,492▲3.9% | $1,006,253,393▲7.2% | $1,060,812,977▲7.3% | 990 |
| 2012 | — | $958,137,115▲6.1% | $938,886,451▲11.4% | $988,511,859▲11.2% | 990 |
| 2011 | — | $902,773,253▲11.7% | $842,874,278▲5.2% | $889,125,682▲4.5% | 990 |
| 2010 | — | $807,978,594 | $801,292,625 | $850,834,530 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Roland Friedman Md — $1,158,267 (0.07% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Roland Friedman Md | Urologist | 45 | $1,158,267 |
| Michael Setliff | Pres Nhfmc/gwm (to 10/28/24) | 50 | $1,148,502 |
| Paul Mcclain Md | Urologist | 45 | $834,849 |
| Stanley Fuller Md | Svp Ch Clin Officer | 45 | $831,999 |
| Hassan Alhosaini Md | Cardiologist | 45 | $830,636 |
| Oliver Benton Md | Urologist | 45 | $757,485 |
| Kirsten Royster | Fmr Ke (12/31/21) | 50 | $750,331 |
| Alisha Hutchens | Pres, Coo (fr 10/29/24) | 50 | $551,840 |
| Ashley Perrott Md | Trustee/sr Physician Executive | 0.2 | $446,684 |
| Alice Pope | Evp/cfo (fr 4/29/24) | 0.2 | — |
| Annette Knight | Trustee (fr 1/1/24) | 0.2 | — |
| 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 | — |
| Geoffrey Gardner | Cfo (to 4/28/24) | 0.2 | — |
| John Mann Md | Fmr Pres/coo, Svp Nh Inst | 0 | — |
| Kristine Sims | Trustee | 0.2 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Vannoy Construction | Construction Services | $63,361,985 |
| Aya Healthcare Inc | Staffing Services | $43,732,974 |
| Laboratory Corporation of America Holdin | Lab Services | $19,634,508 |
| Morrison Healthcare | Food Management Services | $18,731,049 |
| Trimedx Inc | Clinical Engineering Services | $12,931,203 |
Grants received · $867K total
10 grants to Forsyth Memorial Hospital Inc totaling $867K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Mayo Clinic Group Return | Support charitable programs | 2024 | $70,094 |
| Mayo Clinic Group Return | Support charitable programs | 2023 | $70,409 |
| Mayo Clinic Group Return | Support charitable programs | 2022 | $64,002 |
| Mayo Clinic Group Return | Support charitable programs | 2021 | $103,044 |
| Mayo Clinic Group Return | Support charitable programs | 2020 | $90,931 |
| Mayo Clinic Group Return | Support charitable programs | 2019 | $102,682 |
| Mayo Clinic Group Return | Support charitable programs | 2018 | $96,800 |
| Mayo Clinic Group Return | Support charitable programs | 2017 | $119,065 |
| Patient Access Network Foundation | Patient assistance | 2015 | $78,758 |
| Patient Access Network Foundation | Patient assistance | 2014 | $70,888 |
Grants made · $2.1M in FY2024
22 grants totaling $2.1M in FY2024 — showing the 15 largest. All grants made by Forsyth Memorial Hospital Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Young Mens Christian Association of Northwest North Carolina | Support access to care | $948,206 |
| Kaleideum | Support maternal and infant health | $400,000 |
| Forsyth Healthcare Inc | Community outreach | $150,000 |
| Senior Services Inc | Support access to care | $150,000 |
| American Heart Association Inc | Community outreach | $129,500 |
| Blood Cancer United Inc | Community outreach | $62,000 |
| Piedmont Triad Partnership | Community outreach | $45,000 |
| Young Womens Christian Association of the Central Carolinas Inc | Community outreach | $40,000 |
| Greater Winston-salem Chamber of Commerce | Community outreach | $40,000 |
| Second Harvest Food Bank of Northwest North Carolina Inc | Community outreach | $25,000 |
| Crosby Scholars Community Partnership | Support workforce development | $24,500 |
| Young Womens Christian Association of High Point Nc Inc | Community outreach | $20,000 |
| Go Far | Community outreach | $18,000 |
| Financial Pathways of the Piedmont Inc | Community outreach | $10,000 |
| Davie Community Foundation Inc | Support workforce development | $10,000 |
Similar organizations in Health
Health
Rex Hospital Inc
Raleigh, NC
$1.7B
Aannual revenue
Health
First Health of the Carolinas Inc
Pinehurst, NC
$1.2B
Aannual revenue
Health
Pitt County Memorial Hospital Inc
Greenville, NC
$2.1B
A+annual revenue
Health
Presbyterian Hospital
Winston Salem, NC
$2.3B
Aannual revenue
Health
Wakemed
Raleigh, NC
$2.3B
Aannual revenue
Health
Gaston Memorial Hospital Inc
Gastonia, NC
$790.9M
A+annual revenue
Health
The Moses H Cone Memorial Hospital Operating Corporation
Greensboro, NC
$598.6M
A+annual revenue
East Carolina Health
Greenville, NC
$596.8M
Aannual revenue
Health
High Point Regional Health
High Point, NC
$502.9M
A+annual revenue
- Health
Gothic Hsp Corporation
Durham, NC
$490.2M
C+annual revenue
Compare Forsyth Memorial Hospital Inc
Frequently asked questions
- Is Forsyth Memorial Hospital Inc a legitimate nonprofit?
- Yes. Forsyth Memorial Hospital Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 56-0928089, based in Winston Salem, North Carolina. Donations are tax-deductible.
- What is Forsyth Memorial Hospital Inc's EIN?
- Forsyth Memorial Hospital Inc's Employer Identification Number (EIN) is 56-0928089.
- How much revenue does Forsyth Memorial Hospital Inc report?
- Forsyth Memorial Hospital Inc reported $1,560,678,254 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Forsyth Memorial Hospital Inc's spending goes to programs?
- Forsyth Memorial Hospital Inc spends about 82% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Forsyth Memorial Hospital Inc have?
- CharityIndex grades Forsyth Memorial Hospital Inc A, based on program efficiency and fundraising cost.
- How much does Forsyth Memorial Hospital Inc's highest-paid employee make?
- The highest reported compensation on Forsyth Memorial Hospital Inc's latest Form 990 is $1,158,267, paid to Roland Friedman Md (Urologist).
More nonprofits in Winston Salem
Explore more
Data for Forsyth Memorial Hospital Inc (EIN 56-0928089) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.