Novant Health CEO salary and executive pay
Novant Health paid its CEO, CARL ARMATO, $8,150,937 for the fiscal year ending December 2024. That is up $1,124,216 (16.0%) from the fiscal year ending December 2023. Novant Health ranks 31st of 148 hospital systems on this site by CEO pay. Novant Health has 3 Form 990 returns on record, for fiscal years ending 2022 to 2024.
Last updated from IRS e-file data. EIN 56-1376950, Winston Salem, NC.
CEO, fiscal year ending December 2024
$8,150,937
- Total revenue
- $6,542,888,138
- CEO pay vs. peers
- Higher than 50%
Source: Form 990, fiscal year ending December 2024, IRS object ID 202503219349317035.View the filing
Peers: the 120 other hospital systems on this site. Ranked 60th of 121 by top pay as a share of revenue. Pay is 0.12% of revenue, our calculation from the same return. Revenue is Part I, line 12; peers are compared on their latest full-year returns.
Highest-paid people on the latest return
On the latest return, 25 people were paid more than $500,000, 20 of them more than $1 million.
| Name and title | Total |
|---|---|
| CARL ARMATO CEO TRUSTEE, PRES/CEO NH | $8,150,937 |
| JAMES DEAN SWINDLEEVP | $3,332,017 |
| HOWARD HOMESLEY MDORTHOPAEDIST | $3,041,190 |
| JOHN GIZDICEVP | $2,477,807 |
| DEREK BERNSTEIN MDORTHOPAEDIST | $2,152,664 |
CEO pay by year
Each row is the CEO on that year's return.
| Fiscal year ending | Name and title | Total | Revenue | Source |
|---|---|---|---|---|
| Dec 2024 | CARL ARMATO CEO TRUSTEE, PRES/CEO NH | $8,150,937 | $6,542,888,138 | Filing |
| Dec 2023 | CARL ARMATO CEO TRUSTEE, PRES/CEO NH | $7,026,721 | $4,015,833,950 | Filing |
| Dec 2022 | CARL ARMATO CEO PRES & CEO NH / TRUSTEE | $5,341,778 | $3,193,826,783 | Filing |
How this pay was reported
The parts of each total, as reported on the return for the fiscal year ending December 2024.
Source: Form 990, fiscal year ending December 2024, IRS object ID 202503219349317035.View the filing
| Part VII | Schedule J | |||||||
|---|---|---|---|---|---|---|---|---|
| Name and title | From org | Other | Base | Bonus | Other | Deferred | Nontaxable | Total |
| CARL ARMATOTRUSTEE, PRES/CEO NH | $6,943,831 | $1,207,106 | $2,359,788 | $2,860,931 | $1,723,112 | $1,170,700 | $36,406 | $8,150,937 |
| JAMES DEAN SWINDLEEVP | $3,290,733 | $41,284 | $1,231,959 | $1,847,150 | $211,624 | $11,956 | $29,328 | $3,332,017 |
| HOWARD HOMESLEY MDORTHOPAEDIST | $2,983,719 | $57,471 | $1,900,601 | $1,055,939 | $27,179 | $20,700 | $36,771 | $3,041,190 |
| JOHN GIZDICEVP | $2,208,311 | $269,496 | $1,146,246 | $1,007,163 | $54,902 | $239,662 | $29,834 | $2,477,807 |
| DEREK BERNSTEIN MDORTHOPAEDIST | $2,120,243 | $32,421 | $1,478,112 | $616,533 | $25,598 | $20,700 | $11,721 | $2,152,664 |
These figures come from Novant Health's Form 990 returns, as the IRS publishes them. The methodology page explains how they're chosen. To report an error, email corrections@ceopaycheck.com.
How Novant Health compares
Ranked 31st of 148 hospital systems by CEO pay.
Closest in revenue among the hospital systems on this site:
Inova Health System$6,579,451 (CEO), fiscal year ending Dec 2024
Risant Health (Geisinger)$14,295,895 (CEO), fiscal year ending Dec 2024
Duke University Health System$2,338,899 (CEO), fiscal year ending Jun 2025
Sanford Health$4,999,360 (CEO), fiscal year ending Dec 2024
Indiana University Health$5,720,461 (CEO), fiscal year ending Dec 2024
Common questions
CARL ARMATO (TRUSTEE, PRES/CEO NH) was paid $8,150,937 for the fiscal year ending December 2024: $6,943,831 from Novant Health and $1,207,106 in other compensation (Part VII columns D and F). Novant Health ranks 31st of 148 hospital systems on this site by CEO pay.
The CEO, CARL ARMATO, was the highest-paid person on the latest return, at $8,150,937. Next was JAMES DEAN SWINDLE (EVP), at $3,332,017. On the latest return, 25 people were paid more than $500,000, 20 of them more than $1 million.
Novant Health paid its CEO, CARL ARMATO, $8,150,937 for the fiscal year ending December 2024. That is up $1,124,216 (16.0%) from the fiscal year ending December 2023. The earliest return on record is for the fiscal year ending December 2022, when the CEO was CARL ARMATO, paid $5,341,778. By fiscal year end: December 2022, $5,341,778 (CARL ARMATO); December 2023, $7,026,721; December 2024, $8,150,937.
From the 3 Form 990 returns Novant Health filed with the IRS for fiscal years ending 2022 to 2024. Schedule J of the fiscal year ending December 2024 return breaks down pay for all 5 people in the pay breakdown above. The methodology page explains how they're chosen.