2024-11-14T12:40:33-06:00 2023-12-31 990 2023-01-01 561424818 ROWAN REGIONAL MEDICAL CENTER FOUNDATION INC ROWA 3362772411 2085 FRONTIS PLAZA BLVD WINSTON SALEM NC 27103 ALICE POPE EVP & CFO 3362772411 2024-11-14 1 2023 2024-10-15 13:58:12Z NOVANT HEALTH ROWAN MEDICAL CENTER FOUNDATION CARL ARMATO 2085 FRONTIS PLAZA BLVD WINSTON SALEM NC 27103 25947461 0 X WWW.SUPPORTNOVANTHEALTH.ORG X 1984 NC SEE SCHEDULE O 19 15 4 50 0 0 5715254 3688220 0 0 1543789 1115514 -40764 -36599 7218279 4767135 1232378 3152217 0 0 415832 342936 0 0 115984 306578 121778 1954788 3616931 5263491 1150204 50775105 55243803 461301 363735 50313804 54880068 X SEE SCHEDULE O 0 0 3215874 3152217 THE ORGANIZATION OPERATES TO RAISE COMMUNITY SUPPORT AND FUNDING THROUGH CHARITABLE GIVING FOR ESSENTIAL PROGRAMS, IMPROVED FACILITIES, AND STATE-OF-THE-ART TECHNOLOGY OF NOVANT HEALTH ROWAN MEDICAL CENTER, A NON-PROFIT HOSPITAL LOCATED IN SALISBURY, NC. 3215874 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 4 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 19 15 0 0 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 X X WENDI STOCKSTILL 3362772411 2085 FRONTIS PLAZA BLVD WINSTON SALEM NC 27103 AERIK WILLIAMS MD TRUSTEE 0.20 0.00 X 0 0 0 ALAN KING TRUSTEE 0.20 0.00 X 0 0 0 ALISHA BYRD-CLARK TRUSTEE 0.20 0.00 X 0 0 0 AMY WILSON MD SECR 0.20 0.00 X X 0 0 0 APRILIA KUHN TRUSTEE (TO 5/1/23) 0.20 0.00 X 0 0 0 ATLEE JOHNSON III MD TRUSTEE (FR 1/1/23)/UROLOGIST 0.20 45.00 X 0 467758 43158 BRIAN CANAVAN EXEC DIRECTOR (TO 9/22/23) 50.00 0.00 X X 155376 0 18217 BRYAN OVERCASH CHAIR 0.20 0.00 X X 0 250 0 CORY MENEES TRUSTEE 0.20 0.00 X 0 0 0 ERIC MALLICO MD TRUSTEE/GENERAL SURGEON 0.20 45.00 X 0 1189430 54226 JAMES MITCHELL TRUSTEE 0.20 0.00 X 0 0 0 JOYCE GOODWIN TRUSTEE 0.20 0.00 X 0 0 0 KAY WILSON TRUSTEE 0.20 0.00 X 0 0 0 MELISSA ALCORN TRUSTEE (FR 1/1/23) 0.20 0.00 X 0 0 0 MICHAEL ARON TRUSTEE 0.20 0.00 X 0 0 0 SAMANTHA HASPEL TRUSTEE 0.20 0.00 X 0 0 0 STARLING JOHNSON TRUSTEE 0.20 0.00 X 0 0 0 STEPHEN BULLOCK VICE CHAIR 0.20 0.00 X X 0 0 0 WILLIAM GRAHAM TRUSTEE 0.20 0.00 X 0 0 0 WILLIAM STATON TREAS 0.20 0.00 X X 0 0 0 AMY MAHER EXEC DIRECTOR (FR 9/22/23) 50.00 0.00 X 0 200916 34718 DOROTHY ANN CAULKINS SVP FDN 8.00 42.00 X 0 725233 111754 FRED HARGETT EVP/CFO (TO 9/6/23) 0.20 50.00 X 0 2400670 50705 GEOFFREY GARDNER CFO (FR 9/6/23) 0.20 50.00 X 0 909106 128749 KIMBERLY HENDERSON FMR OFFICER (12/31/19) 0.00 50.00 X 0 1085117 155975 155376 6978480 597502 1 1 1 0 0 142783 1650714 1894723 2134 3688220 641514 641514 21597607 21123607 474000 474000 474000 20120 142783 56719 -36599 -36599 4767135 0 0 1078915 3000669 3000669 151548 151548 173593 173593 120844 16919 38671 65254 5642 790 1805 3047 19719 2762 6310 10647 23138 3239 7404 12495 32651 32651 4597 643 1471 2483 26762 13381 13381 11783 1251 6985 3547 2201 308 704 1189 1367 1367 2616 366 837 1413 13639 13639 1114 1114 MISCELLANEOUS 17839 8153 9686 OTHER SUPPLIES 6701 2087 2331 2283 DUES AND SUBSCRIPTIONS 333 46 106 181 MEDICAL SUPPLIES 113 11 38 64 62 62 3616931 3215874 285073 115984 3236606 3425181 1920069 2153434 26000 26000 26000 40988272 38922993 4604158 10716195 50775105 55243803 25045 18688 436256 345047 461301 363735 X 45475859 49009732 4837945 5870336 50313804 54880068 50775105 55243803 X 1150204 3055216 6477 354367 X 0 1 X 1 0 X 4661511 3466455 6169941 5715254 3688220 23701381 4661511 3466455 6169941 5715254 3688220 23701381 13532294 10169087 665452 540657 598190 579365 641514 3025178 0 0 1401 0 0 1401 26727960 0.38050 0.42330 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4837945 2061246 93519 6409 1115965 5870336 3410693 1925933 -32401 7054 459226 4837945 13471155 2270590 60533 6395 12385190 3410693 12096376 1788166 25151 10805 427733 13471155 8380207 4267068 57024 10339 597584 12096376 0.00000 1.00000 0.00000 0 0 26000 26000 26000 OTHER SECURITIES 10716195 F 10716195 0 OTHER LIABILITIES 197142 DUE TO AFFILIATES 147905 345047 X PART V, LINE 4: PART V, LINE 4 - INTENDED USES FOR ENDOWMENT FUNDS THE SNIDER ENDOWMENT FUND AND THE BUSBY ENDOWMENT FUND PROVIDE FUNDS FOR STAFF EDUCATION. THE JOHN CAMPBELL MEMORIAL ENDOWMENT FUND AWARDS SEVEN HIGH SCHOOL SENIORS WITH SCHOLARSHIPS TO THE COLLEGE THEY HAD BEEN ACCEPTED TO ATTEND. THE HOSPICE ENDOWMENT FUND PROVIDES FUNDS FOR PATIENTS AND FAMILY MEMBER SERVICES NOT COVERED BY INSURANCE. ADDITIONAL RESTRICTED SPENDING ENCOMPASSES SCHOLARSHIP PROGRAMS, EMPLOYEES ASSISTANCE PROGRAM, MEDICAL STAFF DEVELOPMENT, PATIENT ASSISTANCE AND OTHER PROGRAMS THAT BENEFIT THE HOSPITAL. PART X, LINE 2: PART X, LINE 2: LIABILITY UNDER FIN 48 (ASC 740) FOOTNOTE THE AUDIT FOR NOVANT HEALTH AND ITS AFFILIATES IS PREPARED ON A CONSOLIDATED BASIS. THE COMPANY IS REQUIRED TO EVALUATE UNCERTAIN TAX POSITIONS. THIS EVALUATION INCLUDES A QUANTIFICATION OF TAX RISK IN AREAS SUCH AS UNRELATED BUSINESS TAXABLE INCOME AND THE TAXATION OF OUR FOR-PROFIT SUBSIDIARIES. THIS EVALUATION DID NOT HAVE A MATERIAL EFFECT ON THE COMPANY'S CONSOLIDATED STATEMENTS OF OPERATIONS AND CHANGES IN NET ASSETS FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022. CAMPBELL GOLF CLASSIC 109178 98308 10870 0 5612 7789 7955 0 936 PATRONS' BALL 53725 44475 9250 0 0 7316 20815 600 5696 162903 142783 20120 5612 15105 28770 600 6632 56719 -36599 1 NOVANT HEALTH INC 2085 FRONTIS PLAZA BLVD WINSTONSALEM NC 27103 561376950 501(C)(3) 2887534 0 TO SUPPORT NOVANT HEALTH HOSPITALS ROWAN COUNTY UNITED WAY INC 1930 JAKE ALEXANDER BLVD W STE B SALISBURY NC 28147 560642828 501(C)(3) 113135 0 COMMUNITY OUTREACH 2 0 TEAM MEMBER ASSISTANCE (EMPLOYEE EMERGENCY FUND) 10 8851 MAMMOGRAMS 570 93950 MEDICATION FOR INDIGENT PATIENTS 3 240 FMV MEDICATION FOR INDIGENT PATIENTS PATIENT ASSISTANCE 155 7104 PATIENT TRANSPORTATION 166 30403 FMV TRANSPORTATION FARE FOR INDIGENT PATIENTS SCHOLARSHIPS 9 11000 PART I, LINE 2: PART I, LINE 2 : PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS THE FILING ORGANIZATION IS PART OF THE INTEGRATED HEALTHCARE SYSTEM OPERATED BY NOVANT HEALTH, INC. ("NOVANT HEALTH"), THE PARENT ORGANIZATION. NOVANT HEALTH'S BYLAWS AUTHORIZE IT TO ESTABLISH CERTAIN POLICIES FOR ALL OF ITS SUBSIDIARIES WITHIN THE SYSTEM. NOVANT HEALTH HAS ESTABLISHED A SYSTEM-WIDE CORPORATE POLICY WITH STANDARDIZED GUIDELINES THAT ARE TO BE USED IN REVIEWING THE ELIGIBILITY AND SELECTION OF GRANTEES RECEIVING CERTAIN EXEMPT PURPOSE FUNDS. THE FILING ORGANIZATION MAINTAINS DOCUMENTATION OF THE ELIGIBILITY AND SELECTION CRITERIA AND RECORDS OF THE AMOUNTS ARE MAINTAINED VIA THE GENERAL LEDGER. FUNDS ARE GENERALLY NOT TRACKED AFTER BEING GRANTED, AS THE ORIGINAL ELIGIBILITY AND SELECTION CRITERIA HAVE ALREADY BEEN MET. X X X X 1 1 0 1 0 0 0 0 0 0 0 FRED HARGETT EVP/CFO (TO 9/6/23) 0 886648 0 1074292 0 439730 0 19800 0 30905 0 2451375 0 0 ERIC MALLICO MD TRUSTEE/GENERAL SURGEON 0 617628 0 524577 0 47225 0 19800 0 34426 0 1243656 0 0 KIMBERLY HENDERSON FMR OFFICER (12/31/19) 0 620747 0 346188 0 118182 0 125670 0 30305 0 1241092 0 57617 GEOFFREY GARDNER CFO (FR 9/6/23) 0 496309 0 343441 0 69356 0 98858 0 29891 0 1037855 0 25993 DOROTHY ANN CAULKINS SVP FDN 0 362587 0 272742 0 89904 0 78889 0 32865 0 836987 0 38250 ATLEE JOHNSON III MD TRUSTEE (FR 1/1/23)/UROLOGIST 0 234370 0 181086 0 52302 0 16828 0 26330 0 510916 0 0 AMY MAHER EXEC DIRECTOR (FR 9/22/23) 0 174998 0 25513 0 405 0 7327 0 27391 0 235634 0 0 BRIAN CANAVAN EXEC DIRECTOR (TO 9/22/23) 132303 0 22896 0 177 0 8078 0 10139 0 173593 0 0 0 PART I, LINE 1A PART I, LINE 1A: FRINGE OR EXPENSE EXPLANATION FIRST-CLASS OR CHARTER TRAVEL: FIRST-CLASS OR CHARTER TRAVEL IS NOT A COVERED TRAVEL EXPENSE FOR EXECUTIVES; THEY ARE LIMITED TO BUSINESS OR COACH CLASS FARES FOR COMMERCIAL FLIGHTS. HOWEVER, CHARTER TRAVEL IS AVAILABLE TO CERTAIN EXECUTIVES, BOARD MEMBERS, AND APPROVED BUSINESS PERSONNEL MEETING APPLICABLE POLICY CRITERIA. TRAVEL FOR COMPANIONS: COMPANIONS ARE ALLOWED ON CERTAIN CHARTER FLIGHTS PAID FOR BY THE ORGANIZATION. IN THAT CASE, THE VALUE OF THE COMPANION'S FLIGHT IS CALCULATED UNDER APPLICABLE TAX LAWS AND THAT AMOUNT IS INCLUDED IN THE EXECUTIVE'S TAXABLE INCOME AS PRESCRIBED BY THE APPLICABLE TAX LAWS. DISCRETIONARY SPENDING ACCOUNT: CERTAIN EXECUTIVES RECEIVE A DISCRETIONARY SPENDING ACCOUNT. THE DOLLAR AMOUNT IN THE ACCOUNT IS PRE-APPROVED BY THE COMPENSATION AND LEADERSHIP COMMITTEE OF THE NOVANT HEALTH BOARD OF TRUSTEES. THE EXECUTIVE MAY DEFER THE AMOUNT TO A RETIREMENT ACCOUNT OR THE AMOUNT IS TREATED AS COMPENSATION AND IS SPREAD OUT OVER THE COURSE OF THE YEAR IN THE EXECUTIVE'S PAYCHECKS AS TAXABLE INCOME. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: WE PROVIDE TEMPORARY HOUSING ALLOWANCES IN CERTAIN EXECUTIVE RECRUITMENT AND RELOCATION PACKAGES. THE VALUE IS CALCULATED UNDER APPLICABLE TAX LAWS AND THAT AMOUNT IS INCLUDED IN THE EXECUTIVE'S INCOME AS PRESCRIBED BY THE APPLICABLE TAX LAWS. PART I, LINE 3 THE FILING ORGANIZATION IS AN INTEGRAL PART OF NOVANT HEALTH, AN INTEGRATED HEALTHCARE SYSTEM AND RELIES UPON NOVANT HEALTH, INC., THE PARENT ORGANIZATION, TO USE THE PROCESS DESCRIBED IN PART VI, LINE 15A/15B OF THIS RETURN TO ESTABLISH COMPENSATION FOR CERTAIN EXECUTIVES. THIS PROCESS ADHERES TO THE REQUIREMENTS SET FORTH TO SECURE THE REBUTTABLE PRESUMPTION OF REASONABLENESS AND INCLUDES A REVIEW AND APPROVAL BY INDEPENDENT AND DISINTERESTED MEMBERS OF A COMPENSATION COMMITTEE, CONSULTATION WITH INDEPENDENT COMPENSATION CONSULTANTS, THE UTILIZATION OF THIRD-PARTY COMPARABILITY DATA SUCH AS PUBLISHED COMPENSATION SURVEYS, AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. PART I, LINE 4B PART I, LINE 4A-C: SEVERANCE, NONQUALIFIED, AND EQUITY-BASED PAYMENTS SEVERANCE NONE NONQUALIFIED KIMBERLY HENDERSON $66,932 DOROTHY CAULKINS $43,170 GEOFFREY GARDNER $25,993 EQUITY-BASED NONE PART I, LINE 4B - SUPPLEMENTAL NONQUALIFIED RETIREMENT PLANS: THE SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN ("SERP") IS INTENDED TO SUPPORT RETENTION OF KEY EXECUTIVES, AND TO OFFER COMPETITIVE TOTAL COMPENSATION. GENERALLY, ANNUAL CONTRIBUTIONS TO THE PLAN OR PAYMENTS TO PARTICIPANTS WILL BE BASED ON A PERCENTAGE OF THE PARTICIPANT'S BASE SALARY AS OF JANUARY 1ST OF THE PREVIOUS PLAN YEAR AND ARE REPORTED IN COLUMN (C) OF SCHEDULE J. PRIOR TO MAKING THE CONTRIBUTIONS OR PAYMENTS, THE NOVANT HEALTH COMPENSATION AND LEADERSHIP COMMITTEE ("COMMITTEE") WILL APPROVE THE AMOUNTS AS TO REASONABLENESS, WHEN COMBINED WITH ALL OTHER ANNUAL COMPENSATION. A 3 YEAR CLASS-YEAR VESTING PERIOD WILL APPLY UP TO AGE 62, WHEN ALL MONEY WOULD BE VESTED AND PAID OUT TO THE PARTICIPANT. OTHERWISE, VESTING WILL OCCUR ON JANUARY 1ST OF EACH YEAR FOR THE APPROPRIATE CLASS-YEAR VESTING PERIOD. THE COMMITTEE REVIEWS, APPROVES, AND OVERSEES ALL ASPECTS AND ALL ELEMENTS OF EXECUTIVE COMPENSATION AND BENEFITS, INCLUDING THE AMOUNTS AWARDED UNDER THIS SERP. FORM 990, PI, L1: ORGANIZATION'S MISSION OR MOST SIGNIFICANT ACTIVITIES NOVANT HEALTH IS A NON-PROFIT INTEGRATED HEALTHCARE SYSTEM OF 15 MEDICAL CENTERS WITH MORE THAN 35,000 EMPLOYEES AND 1,800 PHYSICIANS IN OVER 800 LOCATIONS, AS WELL AS NUMEROUS OUTPATIENT SURGERY CENTERS, MEDICAL PLAZAS, REHABILITATION PROGRAMS, DIAGNOSTIC IMAGING CENTERS AND COMMUNITY HEALTH OUTREACH PROGRAMS. HEADQUARTERED IN WINSTON-SALEM, NORTH CAROLINA, NOVANT HEALTH'S TEAM MEMBERS AND PHYSICIAN PARTNERS CARE FOR PATIENTS AND COMMUNITIES IN NORTH CAROLINA, SOUTH CAROLINA AND GEORGIA. THE NOVANT HEALTH INTEGRATED HEALTHCARE SYSTEM OPERATES TO CARRY OUT ITS CHARITABLE MISSION OF IMPROVING THE HEALTH OF COMMUNITIES IT SERVES AND MAKING HEALTHCARE REMARKABLE FOR PATIENTS. NOVANT HEALTH ACCOMPLISHES THAT MISSION BY PROVIDING AND SUPPORTING EXCELLENT HEALTHCARE FACILITIES AND PHYSICIAN PRACTICES AND BY MAKING A COMMITMENT TO COMMUNITY OUTREACH/SERVICE THROUGH THE PROVISION OF COMMUNITY BENEFIT PROGRAMS. BY BRINGING TOGETHER WORLD-CLASS TECHNOLOGY AND CLINICIANS TO PROVIDE QUALITY CARE, NOVANT HEALTH IS COMMITTED TO CREATING A HEALTHCARE EXPERIENCE THAT IS SIMPLER, MORE CONVENIENT, AND MORE AFFORDABLE SO PATIENTS CAN FOCUS ON GETTING BETTER AND STAYING HEALTHY. IN 2023, NOVANT HEALTH PROVIDED NEARLY 7 MILLION PATIENT VISITS AND OVER $1.5 BILLION OF COMMUNITY BENEFIT EXPENDITURES SYSTEM-WIDE. ROWAN REGIONAL MEDICAL CENTER FOUNDATION ("RRMCF") IS AN INTEGRAL PART OF NOVANT HEALTH. RRMCF, DOING BUSINESS AS NOVANT HEALTH ROWAN MEDICAL CENTER FOUNDATION, EXISTS TO SEEK GRANTS, ACCEPT GIFTS, INVEST FUNDS, AND ADMINISTER DONATIONS IN SUPPORT OF NOVANT HEALTH ROWAN MEDICAL CENTER ("NHRMC"). RRMCF'S MISSION IS TO SUPPORT THE NOVANT HEALTH SYSTEM IN IMPROVING THE HEALTH OF OUR COMMUNITIES, ONE PERSON AT A TIME. RRMCF SUPPORTS PATIENTS, FAMILIES, CAREGIVERS, AND TEAM MEMBERS WITH PROGRAMS AND SERVICES PROVIDING EXPANDED CARE, TREATMENT AND PREVENTION OPTIONS AT NHRMC. RRMCF ALSO PROVIDES MISSION-ALIGNED GRANTS TO COMMUNITY PARTNERS THAT HELP SUPPLEMENT HEALTHCARE AND PREVENTION PROGRAMS FOR UNDERSERVED AND UNINSURED PATIENTS. ITS DIVERSE BOARD OF COMMUNITY LEADERS IN ROWAN COUNTY, NORTH CAROLINA PROVIDES STEWARDSHIP AND OVERSIGHT OF THE ORGANIZATION'S OPERATIONS AND ACTIVITIES. COMMUNITY OUTREACH COMMUNITY OUTREACH IS A CRITICAL COMPONENT TO THE MISSION OF NOVANT HEALTH. THE HEALTHCARE SYSTEM PROVIDES HUNDREDS OF PROGRAMS THAT SERVE PATIENTS, NEIGHBORS, AND SOME OF THE COMMUNITIES' MOST VULNERABLE CITIZENS. NOVANT ALSO PROVIDES FINANCIAL ASSISTANCE (I.E., CHARITY CARE) FOR ITS QUALIFIED UNINSURED PATIENTS, CATASTROPHIC SETTLEMENTS AND LONG-TERM PAYMENT PLANS TO MEDICALLY INDIGENT PATIENTS, SERVICES TO PATIENTS WITH MEDICARE, MEDICAID, AND OTHER GOVERNMENT MEDICAL PROGRAM COVERAGE (REIMBURSED AT LESS THAN COST), COMMUNITY HEALTH EDUCATION, SUPPORT GROUPS, SUBSIDIZED OUTREACH SERVICES, AND COMMUNITY EVENTS/SCREENINGS. IN ADDITION, NOVANT PARTICIPATES IN MEDICAL RESEARCH, AS WELL AS ACADEMIC HEALTH PROGRAMS AND PARTNERSHIPS WITH A DIVERSE GROUP OF ORGANIZATIONS TO PROVIDE OTHER COMMUNITY INITIATIVES. NOVANT HEALTH IS ALSO COMMITTED TO SUPPORTING THE COMMUNITIES IT SERVES THROUGH CHARITABLE CONTRIBUTIONS TO COMMUNITY-BASED PROGRAMS THAT IMPROVE HEALTH EQUITY AND UPWARD MOBILITY FOR THOSE WHO NEED IT MOST. TOWARD THAT GOAL, NOVANT INVESTS IN COMMUNITY-BASED PROGRAMS THAT ALIGN WITH ITS TWO INVESTMENT PRIORITIES OF DEVELOPING HEALTHY COMMUNITIES AND EXPANDING OPPORTUNITIES FOR HEALTHCARE EDUCATION. IN 2023, RRMCF'S GIFTS, GRANTS, AND EARNINGS FROM INVESTMENTS WERE USED TO SUPPORT MANY PATIENT AND COMMUNITY OUTREACH PROGRAMS. EXAMPLES OF FINANCIAL SUPPORT PROVIDED TO NHRMC INCLUDE: - TELEHEALTH SERVICES FOR MENTAL HEALTH IN ROWAN SALISBURY K-12 SCHOOLS TO ADDRESS THE RISING TIDE OF MENTAL HEALTH CRISIS CASES IN ROWAN COUNTY. RRMCF INVESTS IN EMERGENCY TELEHEALTH SERVICES FOR CRISES MANAGEMENT AND SUPPORT SERVICES DURING SCHOOL HOURS. BY REMOVING BARRIERS SUCH AS TRANSPORTATION, SCHEDULING CONFLICTS AND STIGMA, SCHOOL BASED MENTAL HEALTH SERVICES CAN HELP STUDENTS ACCESS NEEDED SERVICES DURING THE SCHOOL DAY. THESE SERVICES ARE AVAILABLE IN EVERY SCHOOL IN ROWAN COUNTY. - MAMMOGRAM SERVICES AND FOLLOW UP BREAST CARE FOR WOMEN IN ROWAN COUNTY. - OPERATIONAL FUNDING FOR THE CANCER SURVIVOR FUND, WHICH PROVIDES EASE OF FINANCIAL BURDEN FOR CANCER PATIENTS BY ASSISTING WITH RENT, MORTGAGE, CAR PAYMENTS, UTILITIES, AND MORE FOR PATIENTS UNDERGOING A CANCER BATTLE. - OPERATIONAL FUNDING FOR MOBILE CARE CRUISER, A HEALTH EQUITY INITIATIVE. ROWAN COUNTY RESIDENTS WITH LIMITED RESOURCES OR NO INSURANCE THAT HAVE DIFFICULTY PREVENTING SICKNESS OFTEN TURN TO THE EMERGENCY DEPARTMENTS AT OUR LOCAL HOSPITALS AS THEIR PRIMARY SOURCE OF HEALTHCARE. MOBILE CRUISERS OFFER COST EFFECTIVE PREVENTION SERVICES THAT ALLOW PEOPLE TO LIVE LONG AND HEALTHY LIVES AND ELIMINATE BARRIERS TO HEALTHCARE ACCESS. WITH THE MOBILE CARE CRUISER, MEDICAL CARE IS TAKEN DIRECTLY TO OUR PATIENTS, RIGHT WHERE THEY LIVE AND WORK. - EXPANSION FUNDING FOR THE CARDIO-PULMONARY REHABILITATION PROGRAM, A MEDICALLY SUPERVISED WELLNESS PROGRAM IMPROVING THE SURVIVAL IN PATIENTS AFFLICTED WITH HEART DISEASE BY MORE THAN 50%. EXPANSION FUNDING COVERS THE COMPLETION/UPFIT OF NEW SPACE INTO A STATE-OF-THE-ART FACILITY, WELLNESS SERVICES TO IMPROVE OUTCOMES FOR CANCER PATIENTS/SURVIVORS, HIRING NEW TEAM MEMBERS DEDICATED TO THE PROGRAM, AND PROVIDING SCHOLARSHIPS FOR UNDER-PRIVILEGED PATIENTS. - OPERATIONAL FUNDING FOR HOSPICE HOUSE AND IN-KIND DONATIONS OF SPECIAL CARE ITEMS FOR PATIENTS AND THEIR FAMILIES. - COLLEGE SCHOLARSHIPS FOR STUDENTS ENTERING THE FIELD OF HEALTHCARE STUDIES. - OPERATIONAL FUNDING FOR THE BRIDGES TO HEALTHCARE PROGRAM, PROVIDING PAID HEALTHCARE-RELATED INTERNSHIPS TO HIGH-PERFORMING HIGH SCHOOL STUDENTS IN UNDERREPRESENTED COMMUNITIES IN ROWAN COUNTY. THIS PROGRAM AIMS TO HELP CLOSE SKILL AND WEALTH GAPS, INCREASE ECONOMIC MOBILITY, INCREASE THE PIPELINE OF SKILLED HEALTHCARE STAFF, AND ENCOURAGE DIVERSITY AND INCLUSION IN THE WORKPLACE. - OPERATIONAL FUNDING FOR UPWARD MOBILITY FUND, A WORKFORCE INITIATIVE. THROUGH THE UPWARD MOBILITY RN SCHOLARSHIP PROGRAM, RRMCF SUPPORTS HIGHLY SKILLED TEAM MEMBERS WITH CAREER GOALS, WHILE PROVIDING A LIVING WAGE THAT RAISES THE PARTICIPANT OUT OF POVERTY. EACH TEAM MEMBER PARTICIPANT RECEIVES UP TO TWO YEARS OF UPFRONT COVERAGE OF TUITION AND FEES FOR AN ACCREDITED NURSING PROGRAM LEADING TO LICENSURE AS A REGISTERED NURSE, FLEXIBILITY OF WORKING A REDUCED SCHEDULE WITHOUT A REDUCTION IN PAY, TIME TO STUDY, CAREER COACHING, AND MENTORSHIP. - NURSING CERTIFICATIONS, ENABLING NURSES TO BE CERTIFIED IN THEIR FIELD OF STUDY. - OPERATIONAL FUNDING FOR NOVANT HEALTH'S EMPLOYEE EMERGENCY FUND, SUPPORTING RENT & UTILITY PAYMENTS AND GROCERIES FOR TEAM MEMBERS FACING EMERGENCIES OR OTHER FINANCIAL CHALLENGES. - OPERATIONAL FUNDING FOR THE NHRMC TEAM CARE FUND THAT PROVIDES ON-SITE SUPPORT FOR OUR NHRMC TEAM MEMBERS, INCLUDING FOUR RESPITE ROOMS THAT ALLOW TEAM MEMBERS TO TAKE MENTAL HEALTH BREAKS. FORM 990, PART III, LINE 1: OUR CAUSE (FKA MISSION, VISION AND VALUES) IN THE SPIRIT OF KEEPING OUR FOCUS ON PATIENT-CENTERED, EQUITABLE AND COMPASSIONATE CARE WHILE ENSURING OUR ORGANIZATION IS SUSTAINABLE FOR FUTURE GENERATIONS, WE HAVE RESTATED OUR MISSION, VISION AND VALUES AND ARE NOW GUIDED BY OUR CAUSE. OUR CAUSE WE CREATE A HEALTHIER FUTURE AND BRING REMARKABLE EXPERIENCES TO LIFE. DISCOVER WE CONSISTENTLY SEEK TO INNOVATE, COURAGEOUSLY TRANSFORM OURSELVES AND FIND NEW WAYS TO ADD VALUE FOR OUR PATIENTS, COMMUNITIES AND ONE ANOTHER. EMPOWER WE PROVIDE ONE ANOTHER, OUR PATIENTS, FAMILIES AND COMMUNITIES WITH THE RESOURCES AND ENVIRONMENT TO CREATE SHARED ACCOUNTABILITY AND ACTION. THRIVE WE DEMONSTRATE EQUITY, EMPATHY, SAFETY AND QUALITY TO HELP EACH OTHER, AND OUR COMMUNITIES GROW AND SUCCEED. TOGETHER WE WORK AS A TRUSTED TEAM WITH OUR UNIQUE PERSPECTIVES, LIFE EXPERIENCES AND EXPERTISE TO BRING REMARKABLE TO LIFE IN EVERY INTERACTION. WE ALL BELONG. FORM 990, PART VI, SECTION A, LINE 4 FORM 990, PART VI, SECTION A, LINE 4: SIGNIFICANT CHANGES TO ORGANIZATIONAL DOCUMENTS THE ORGANIZATION'S BYLAWS WERE UPDATED FOR CLARITY & CONSISTENCY AMONG FOUNDATIONS THROUGHOUT THE NOVANT HEALTH SYSTEM. KEY CHANGES INCLUDE LIMITING BOARD SERVICE TO THREE 3-YEAR TERMS, REDEFINING CERTAIN EX-OFFICIO ROLES AS SPECIAL GUESTS, AND UPDATING STANDING COMMITTEES. FORM 990, PART VI, SECTION A, LINE 6 FORM 990, PART VI, SECTION A, LINE 6: CLASSES OF MEMBERS OF STOCKHOLDERS THE CORPORATION IS A NONPROFIT CORPORATION WITH MEMBERS (OR A MEMBER). ROWAN REGIONAL MEDICAL CENTER FOUNDATION HAS POWERS GRANTED BY THE LAWS OF THE STATE OF NORTH CAROLINA WHICH MAY BE AMENDED FROM TIME TO TIME. FORM 990, PART VI, SECTION A, LINE 7A FORM 990, PART VI, SECTION A, LINE 7A: ELECTION OF MEMBERS AND THEIR RIGHTS THE NOVANT HEALTH ROWAN MEDICAL CENTER BOARD APPROVES APPOINTMENTS TO THE ROWAN REGIONAL MEDICAL CENTER FOUNDATION BOARD. FORM 990, PART VI, SECTION A, LINE 7B FORM 990, PART VI, SECTION A, LINE 7B: DECISIONS SUBJECT TO APPROVAL OF MEMBERS THE BOARD OF ROWAN HEALTH SERVICES, LLC APPROVES CHANGES MADE TO THE ROWAN REGIONAL MEDICAL CENTER FOUNDATION ARTICLES OF INCORPORATION. FORM 990, PART VI, SECTION B, LINE 11B FORM 990, PART VI, SECTION B, LINE 11: ORGANIZATION'S PROCESS TO REVIEW FORM 990 THE BOARD DELEGATES REVIEW OF THE FORM 990 TO NOVANT HEALTH'S BOARD OF TRUSTEES' AUDIT AND COMPLIANCE COMMITTEE ("THE COMMITTEE"), WHICH OVERSEES TAX MATTERS FOR ENTITIES IN THE NOVANT HEALTH SYSTEM. THE COMMITTEE IS THE REVIEW BODY FOR ALL OF THE FORM 990S FILED FOR TAX-EXEMPT ORGANIZATIONS WITHIN THE NOVANT HEALTH SYSTEM. THE COMMITTEE IS PROVIDED A COPY OF FORM 990 AND MEETS TO ADDRESS ANY QUESTIONS AND SIGNIFICANT DISCLOSURES WITHIN THE FORM 990 PRIOR TO ITS FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C FORM 990, PART VI, SECTION B, LINE 12C: MONITORING AND ENFORCEMENT OF COI THE ORGANIZATION'S TRUSTEE CONFLICT OF INTEREST POLICY APPLIES TO ALL TRUSTEES, PRINCIPAL OFFICERS OR MEMBERS OF A COMMITTEE WITH BOARD DELEGATED POWERS INCLUDING ANY APPLICABLE DISREGARDED ENTITIES. ALL TRUSTEES ARE SENT AN ANNUAL DISCLOSURE QUESTIONNAIRE. THE TRUSTEE ANNUAL DISCLOSURE QUESTIONNAIRES ARE REVIEWED BY THE COMPLIANCE AND TAX DEPARTMENTS. WITH RESPECT TO PARTICULAR TRANSACTIONS THAT COME BEFORE THE BOARD, THE CONFLICT OF INTEREST POLICY WOULD BE FOLLOWED. THE POTENTIAL CONFLICT OF INTEREST WOULD BE DISCLOSED BY THE BOARD MEMBER BEFORE A VOTE ON THE TRANSACTION AND THE REST OF THE BOARD WOULD DETERMINE WHETHER A CONFLICT OF INTEREST EXISTS. IF THE REST OF THE BOARD DETERMINED THAT A CONFLICT OF INTEREST EXISTED THEN THE BOARD MEMBER WITH THE CONFLICT OF INTEREST WOULD NOT PARTICIPATE IN THE DELIBERATIONS AND VOTE. FORM 990, PART VI, SECTION B, LINE 15 FORM 990, PART VI, SECTION B, LINE 15A/15B: THE FILING ORGANIZATION IS AN INTEGRAL PART OF NOVANT HEALTH, AN INTEGRATED HEALTHCARE SYSTEM. INDEPENDENT AND DISINTERESTED BOARD MEMBERS OF THE PARENT ORGANIZATION, NOVANT HEALTH, INC. BOARD OF TRUSTEES (WHO COMPRISE THE COMPENSATION AND LEADERSHIP COMMITTEE OF THE BOARD), REVIEW, APPROVE, AND OVERSEE ALL ASPECTS OF COMPENSATION AND BENEFITS FOR CERTAIN LEADERS ("EXECUTIVES") SERVING AS OFFICERS, INCLUDING THE TOP MANAGEMENT OFFICIAL, OR KEY EMPLOYEES FOR NOVANT HEALTH ENTITIES. THE COMMITTEE WORKS WITH AN INDEPENDENT COMPENSATION CONSULTANT AND USES THIRD PARTY COMPARABILITY DATA FOR FUNCTIONALLY SIMILAR POSITIONS AT COMPARABLE ORGANIZATIONS TO ENSURE THAT TOTAL COMPENSATION AND BENEFITS FOR EACH EXECUTIVE IS REASONABLE. THE COMMITTEE REVIEWS AND APPROVES EXECUTIVE COMPENSATION AND BENEFITS ANNUALLY, CONSISTENT WITH THE WRITTEN EXECUTIVE COMPENSATION PHILOSOPHY OF NOVANT HEALTH, AND IN A MANNER THAT QUALIFIES FOR THE REBUTTABLE PRESUMPTION OF REASONABLENESS. THE ORGANIZATION DOES NOT HAVE ANY KEY EMPLOYEES AND THE ORGANIZATION'S ONLY OFFICERS, OTHER THAN THE TOP MANAGEMENT OFFICIAL, ARE STATE LAW BOARD OFFICERS. THESE EMPLOYEES DO NOT HOLD A CORPORATE POSITION OF INFLUENCE THAT RESULTS IN REVIEW OF THEIR COMPENSATION BY THE PARENT ORGANIZATION'S COMPENSATION AND LEADERSHIP COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 FORM 990, PART VI, SECTION C, LINE 19: GOVERNING DOCUMENTS DISCLOSURE THE AUDITED CONSOLIDATED FINANCIAL STATEMENTS CONTAINING ALL ORGANIZATIONS IN THE NOVANT HEALTH SYSTEM ARE POSTED TO THE NOVANT HEALTH WEBSITE. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: AFFILIATE TRANSFERS 344,270. CONTRIBUTION ADJUSTMENT 10,097. 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