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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Health Care Forsyth Memorial Hospital Inc.

Forsyth Memorial Hospital Inc.

Fiscal year ending 2023. Filed on November 14, 2024.

2085 Frontis Plaza Blvd
205
Winston Salem, North Carolina 27103

Forsyth Memorial Hospital Inc. (EIN: 56-0928089), also known as Novant Health Forsyth Medical Center, has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2023 IRS Form 990 filing, Forsyth Memorial Hospital Inc., a 501(c)(3) charitable organization, reported compensation for 13 out of 7,947 total employees. Among the employees shown here, the average compensation is $1,513,941. The highest compensated employee at Forsyth Memorial Hospital Inc. is Carl Armato with fiscal year 2023 compensation of $7,026,721.

Revenue, expenses, and employee compensation

Revenue

$1,442,088,470

Expenses

$1,444,760,573

Employee compensation

$626,191,213
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Carl Armato
Trustee (FR 1/1/23)/Pres/Ceo NH
$7,026,721
$0 $5,820,530 $1,206,191
Fred Hargett
Evp/Cfo (TO 9/6/23)
$2,451,375
$0 $2,400,670 $50,705
Michael Setliff
PRES Nhfmc/Gwm
$1,336,054
$1,176,474 No related comp$159,580
John Mann, M.D.
Senior Vice President NH INST
$1,287,480
$917,005 $202,759 $167,716
Stanley Fuller, M.D.
Senior Vice President CH CLIN Officer
$1,100,808
$947,480 No related comp$153,328
Roland Friedman, M.D.
Urologist
$1,046,632
$986,764 No related comp$59,868
Geoffrey Gardner
CFO (FR 9/6/23)
$1,037,855
$0 $909,106 $128,749
Kirsten Royster
FMR KE (12/31/21)
$848,807
$749,705 No related comp$99,102
Judson Rackley, M.D.
Urologist
$838,258
$778,934 No related comp$59,324
Susan Hines, M.D.
Oncologist
$824,889
$778,450 No related comp$46,439
Franklin Chen, M.D.
Trustee, CLIN PHYS EXEC
$722,265
$0 $665,459 $56,806
Ashley Perrott, M.D.
Trustee, SR PHYS EXEC
$610,261
$567,670 No related comp$42,591

Benchmark Employee Compensation

Non-Employee Board Members

Avery Hall
Chair
Charles Hauser
Trustee
Charles Welton
Trustee
Imen Clark
Trustee (TO 12/31/23)
Kristine Sims
Trustee
Lari Harding
Trustee
Linda Latham
Vice Chair
Mark Owens
Trustee
Mike Horn
Secretary and Treasurer
Phyllis Caldwell-George
Trustee (FR 1/1/23)
Robert Landry
Trustee
Samuel Barefoot
Trustee

Contractors

Vannoy Construction
Construction
$109,288,378
Aya Healthcare Inc.
Staffing
$62,121,557
Morrison Healthcare
Food Management
$18,384,160
Laboratory Corporation of America Holdin
Lab
$16,258,478
Christman Da Everett a J Venture
Construction
$12,530,163

Mission Statement

SEE SCHEDULE O

Revisions to this organization profile

November 14, 2025:
2024 Forsyth Memorial Hospital Inc. 990 filed
November 14, 2024:
2023 Forsyth Memorial Hospital Inc. 990 filed
November 14, 2023:
2022 Forsyth Memorial Hospital Inc. 990 filed

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Other organizations also named Forsyth Memorial Hospital

Auxiliary of Forsyth Memorial Hospital
Winston Salem, North Carolina