Novant Health
Legal name: Rowan Regional Medical Center Inc
Nonprofit profile at a glance
- EIN
- 560547479
- IRS 990 coverage
- 2010–2021
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2021, Form 990-T 2020
- Location
- Charlotte, NC, United States
- Phone
- 1-844-4NOVANT
- Rating
- 73
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Hospital, General
Reported finances
- Revenue
- $304,593,264
- Expenses
- $297,207,590
- Assets
- $153,430,759
- Liabilities
- $108,570,682
Source: IRS Form 990. Selected filing: tax year 2021. Amounts in USD.
Leadership & pay
28 people listed
Executive titles in this filing
- BLABON GARY (PRESIDENT & COO/TRUSTEE)
Highest reported compensation
- WEEMS II LARRY (SVP CHIEF CLINICAL OFFICER): $887,361 total reported compensation
- BRINKLEY WILLIAM (ONCOLOGIST): $528,805 total reported compensation
- BLABON GARY (PRESIDENT & COO/TRUSTEE): $508,212 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2021. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To improve the health of communities, one person at a time.
What it reported doing in 2021
Consistent with the organization's exempt purpose, rowan regional medical center, inc. (rrmc) promotes the health and well-being of the inhabitants of the community in which the organization operates, serving all members of the community regardless of their ability to pay. During 2021, rrmc had 268 licensed beds, 58,865 patient days, and an average daily census of 161, with an average length of stay of 6 days. There were 9,708 discharges, 10,253 surgeries, 141,632 outpatient encounters, and 43,505 emergency department visits.
Operating model
- Revenue model
- Earned-program. 94% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 71
- Transparency & Controls: 72
- Accountability: 84
- Sustainability: 35
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 78.8%; rating input score 79
- Program expense ratio: 80.7%; rating input score 81
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.3%; rating input score 92; 10th percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: 97.9%; rating input score 98; 29th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 88.9%; rating input score 89; 36th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 2.4%; rating input score 40; 40th percentile among comparable filings
- Total-asset coverage ratio: 0.52; rating input score 19; 19th percentile among comparable filings
- Liabilities to assets ratio: 0.71; rating input score 19; 19th percentile among comparable filings
- Officer compensation ratio: 1.3%; rating input score 68; 68th percentile among comparable filings
Growth
- Program expense growth: 7.1% per year; rating input score 100; 64th percentile among comparable filings
- Revenue growth: 5.6% per year; rating input score 100; 53rd percentile among comparable filings
- Asset growth: -1.1% per year; rating input score 0; 6th percentile among comparable filings
Details
- What they do: 1 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 78.8% of revenue deployed · 80.7% of spending went to programs
- Governance: 16 of 18 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $239.9M in reported program spending
- Leadership: top reported pay $887K · 28 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $29M reported
- Consistency: 33 of 34 current checks pass · 1 finding to review
- Schedules: 9 filed schedules · includes major donors, grants, executive pay, and related organizations
- Filing history: 12 filing years from 2010 to 2021
- Contacts: How to reach this organization
- Money network: 18 filed money-flow records
- Related organizations: 45 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- Moderate — Sustainability: Operating margin scored 40/100.
- High — Sustainability: Total-asset coverage ratio scored 19/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 19/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.