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. Total revenue on that return was $6,542,888,138, up 62.9% from $4,015,833,950 for the fiscal year ending December 2023. Novant Health ranks 32nd of 229 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 43%
Source: Form 990, fiscal year ending December 2024, IRS object ID 202503219349317035.View the filing
Peers: the 183 other hospital systems on this site. Ranked 104th of 184 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 |
Also paid on the latest return: John Marcel MD (ORTHOPAEDIST), $2,118,560; David Duvall (FMR SVP MARKETING & COMMUNICATIONS), $2,118,253; Pamela Oliver MD (EVP), $2,064,352; Rashid Janjua MD (NEUROSURGEON), $2,039,351; Denise Mihal (EVP), $2,025,143; Frank Emory Jr (EVP), $1,934,787; Kimberly Henderson (EVP), $1,620,829; Onyeka Nchege (EVP), $1,485,598; Geoffrey Gardner (CFO (TO 4/28/24)), $1,299,330; Alice Pope (EVP/CFO (FR 4/29/24)), $1,175,156; Sanjay Gupta (EVP), $1,080,980; Chere Gregory MD (FMR KE (12/31/21)), $1,071,824; Jesse Cureton (FMR KE (4/27/23)), $1,065,171; Thomas Jenike MD (FMR KE (12/31/21)), $1,039,660; Scott Myers (FMR KE (12/31/21)), $1,002,363; and 12 more.
Also listed in Part VII of the latest return, with no pay reported: Alvaro De Molina (TRUSTEE), Beverly Moose MD (TRUSTEE), Brandon Adcock (TRUSTEE), Charles Hauser (TRUSTEE (FR 1/1/24)), Christine Katziff (VICE CHAIR), Christopher Duggins MD (TRUSTEE), David King (TRUSTEE), Elwood Robinson PhD (TRUSTEE), Ian McDonald (TRUSTEE), James Amos (SECRETARY/TREASURER), Jason Thompson (TRUSTEE), Robert Barr MD (TRUSTEE (TO 12/31/24)).
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 32nd of 229 hospital systems by CEO pay.
- Previous in this ranking: 31st, Northwestern Medicine, $8,174,061
- Next in this ranking: 33rd, SSM Health, $7,886,813
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
Orlando Health$9,439,845 (CEO), fiscal year ending Sep 2025
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).
The CEO, Carl Armato, was the highest-paid person on the latest return, at $8,150,937.
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.
Novant Health's return for the fiscal year ending December 2024 reports total expenses of $6,192,258,960 and total revenue of $6,542,888,138 (Part I, lines 18 and 12), so revenue exceeded expenses by $350,629,178. Expenses were $3,902,611,082 for the fiscal year ending December 2023, so they rose 58.7%. The CEO's pay of $8,150,937 equals 0.13% of expenses, our calculation.
From the 3 Form 990 returns Novant Health filed with the IRS for fiscal years ending 2022 to 2024. The latest full-year return was filed on November 17, 2025. Schedule J of the fiscal year ending December 2024 return breaks down pay for all 5 people in the pay breakdown above.