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← ROWAN REGIONAL MEDICAL CENTER AUXILIARY

Form 990 for tax year 2024

Filed by ROWAN REGIONAL MEDICAL CENTER AUXILIARY.

Totals

Total revenue
$115,429
Total expenses
$109,456
Contributions and grants received
$6,420
Grants paid
$46,639
Program service revenue
$0
Investment income
$7,782
Other revenue
$101,227
Total assets, end of year
$343,170
Total liabilities, end of year
$950
Net assets or fund balances, end of year
$342,220
Program services expenses (Part IX)
$99,975
Management and general expenses
$9,481
Fundraising expenses
$0
Program service expenses (Part III)
$99,975

Program services were 91.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • ANNIE SERWAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2

  • BARBARA WAGGONER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2

  • BLANCHE GLOVER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2

  • BRENDA THOMASON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2

  • CAROLE SIMMONS

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • CAROLYN HOOD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2

  • CHARLOTTE HALL

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • DOTTIE CLEMENT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2

  • GEORGIA MCCORKLE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2

  • JANE CREECH

    2ND VP

    Total calculated
    $0
    Hours/week
    0.5

  • JANE ROWLAND

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2

  • KIM TAYLOR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2

  • LIBBY FOWLER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2

  • LOU HAMILTON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2

  • MIMI CARLTON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2

  • NANCY LINN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2

  • SHERRY WALL

    1ST VP

    Total calculated
    $0
    Hours/week
    0.5

  • SUE LEWIS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2

  • TERESA MCKINNEY

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • ZANDRA SPENCER

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • GEOFFREY GARDNER

    CFO (TO 4/28/24)

    Total calculated
    $1,299,330
    From this org
    $0
    From related orgs
    $1,254,252
    Other
    $45,078
    Hours/week
    0.2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $457,268 related
    Bonus
    $0 + $732,220 related
    Other
    $0 + $64,764 related
    Deferred
    $0 + $20,700 related
    Nontaxable benefits
    $0 + $24,378 related
    Filer's total
    $0 + $1,299,330 related

  • ALICE POPE

    EVP/CFO (FR 4/29/24)

    Total calculated
    $1,175,156
    From this org
    $0
    From related orgs
    $991,687
    Other
    $183,469
    Hours/week
    0.2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $824,247 related
    Bonus
    $0
    Other
    $0 + $167,440 related
    Deferred
    $0 + $173,333 related
    Nontaxable benefits
    $0 + $10,136 related
    Filer's total
    $0 + $1,175,156 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

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, LINES 4A-C: SEVERANCE, NONQUALIFIED, AND EQUITY-BASED PAYMENTS SEVERANCE NONE NONQUALIFIED GEOFFREY GARDNER $22,093 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.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202533189349307408

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