Welcome to Novant Health Go

Executive compensation

2017 Novant Health Form 990

The following describes how executive leadership compensation is established at Novant Health, a not-for-profit organization. Listed below are the members of Novant Health Executive Team and the value of their 2017 compensation and benefits.

Our organization considers an employee's compensation personal and private; however, we also recognize the importance of transparency and public interest in how tax-exempt, not-for-profit organizations establish compensation and benefits for its top leaders. Novant Health prepares and files annually a Form 990 with the Internal Revenue Service (IRS) that discloses important financial information about the organization, including executive compensation and benefits. These annual information returns follow IRS rules and regulations, but they can be easily misinterpreted because of their complexity. We hope you find the summary on this page useful.

How executive compensation is established
  • The Novant Health Board of Trustees, which consists of community leaders from organizations and businesses, establishes executive compensation. Novant Health executives are not involved in determining their own compensation and benefits.
  • Because Novant Health is a tax-exempt, not-for-profit organization, its executive compensation must follow very specific checks and balances. Compensation must be considered "reasonable" and within an acceptable range compared to similar organizations. Executive compensation and benefits are established by comparing Novant Health to other similar health systems and organizations around the country that are comparable in size, complexity and reputation. The Board hires national, independent experts who guide trustees in this benchmarking process and help assure that compensation and benefits do not exceed fair market value.
  • Compensation is designed to be competitive and to help recruit and retain leaders. Novant Health establishes executive base salaries in the same way it establishes compensation for all employees, by using market data and comparing to similar jobs.
  • A significant part of executive compensation is based upon the performance of the organization and achieving goals that are challenging, balanced and focused on improving the services we provide to patients and communities. The executive team performs in the top quartile nationally. Novant Health's goals focus on the quality and safety of healthcare, improving the patient experience, transforming to an electronic health record, financial stewardship and providing community benefit.

In 2017, Novant Health provided more than $794 million in community benefit, including $138.9 million of financial assistance to the uninsured and those members of our communities who have the greatest needs. Novant Health is a very complex organization with 26,000 employees, annual operating revenues of $4.6 billion, 15 medical centers and approximately 580 locations across four states which include physician clinics and outpatient centers. This complexity is taken into consideration by the compensation consultant and the Committee when establishing its peer group.

Novant Health System Executive Compensation
Executive Team
Novant Health System Executives
Title 2017 Base Salary Compensation 2017 Incentive Compensation 2017 Total Annual Compensation 2017 Other Compensation, such as Retirement Payments * or Severance Nontaxable Benefits such as life and health insurance, disability Accounting accruals for deferred compensation
Carl Armato President & CEO Novant Health
1,428,626.88 1,281,431.20 2,710,058 601,015.81 39,706.09 65,452.52
Tanya Blackmon Chief Diversity and Inclusion Officer & Executive Vice President Novant Health
282,897.46 216,523.70 499,421 40,248.27 14,437.48 122,190.86
Pete Brunstetter Former Chief Legal Officer & General Counsel Novant Health 497,375.26 441,553.19 938,928 27,583.64 30,938.76 165,491.86
Jesse Cureton Chief Consumer Officer & Executive Vice President Novant Health
596,659 552,545.56 1,149,205 146,880.88 40,587.65 186,897.22
Fred Hargett Chief Financial Officer Novant Health
834,979.34 724,635.90 1,559,615 334,150.54 37,612.03 59,700
Jeffery Lindsay
Chief Operating Officer & Executive Vice President Novant Health
864,257.62 720,751.12 1,585,009 195,017.73 29,991.06 59,700.00
Denise Mihal Chief Nursing and Clinical Operations Officer & Executive Vice President Novant Health
665,742.58 495,668.24 1,161,411 166,572.10 19,691.41 64,737.60
John Phipps, MD Former President Novant Health medical group & Executive Vice President Novant Health
582,961.04 487,742.72 1,070,704 154,759.03 28,093.65 183,001.93
Janet Smith-Hill Chief Human Resources Officer & Executive Vice President Novant Health
443,270.94 334,611 777,882 103,113.53 33,936.22 154,679.41
Thomas Zweng, MD Former Chief Medical Officer & Executive Vice President Novant Health
581,854.16 503,533.35 1,085,388 106,518.56 43,651.05 182,641.60