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TO IMPROVE HEALTH, ELEVATE HOPE, AND ADVANCE HEALING FOR ALL
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$172.6M
Program Spending
94%
of total expenses go to program services
Total Contributions
$8.9M
Total Expenses
▼$230.3M
Total Assets
$648.8M
Total Liabilities
▼$1B
Net Assets
-$356.7M
Officer Compensation
→$1M
Other Salaries
$102.1M
Investment Income
$10.9M
Fundraising
▼N/A
Tax Year 2024 · Source: IRS Form 990, Schedule I (Grants and Other Assistance)
Total grants awarded: $20M
| Recipient | Location | Amount | Type | Purpose |
|---|---|---|---|---|
WAKE FOREST UNIVERSITY HEALTH SCIENCES22-3849199 | WINSTONSALEM, NC | $20M | Cash | SUPPORT MISSION AND OPERATIONS OF WFUHS |
| Total | $20M | |||
WINSTONSALEM, NC
$20M
Source: USAspending.gov
No federal awards found for this organization.
USAspending.gov tracks federal grants, cooperative agreements, and other financial assistance. Not all nonprofits receive federal funding.
Source: Federal Audit Clearinghouse (fac.gov)
Years audited
2
Clean years
1
Material Weakness
Yes
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditurecombined across all audits filed that year | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2021 | Material Weakness | Unmodified (Clean) | $106.9M | Yes | 2022-09-28 |
| 2020 | Clean | Unmodified (Clean) | $2.8M | Yes | 2021-09-29 |
Financial Report
Unmodified (Clean)
Federal Expenditure, combined across all audits filed that year
$106.9M
Financial Report
Unmodified (Clean)
Federal Expenditure, combined across all audits filed that year
$2.8M
Tax Year 2024 · Source: IRS e-Filed Form 990Schedule J available
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: SO
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2024IRS e-File | $172.6M | $8.9M | $230.3M | $648.8M | -$356.7M |
| 2023IRS e-File | $163.4M | $292.4K | $197.9M | $569.2M | -$298.7M |
| 2022 | $169.4M | $20.4M | $185M | $507M | -$264.1M |
| 2021 |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
Financial data: IRS e-Filed Form 990 (Tax Year 2024)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Eugene A Woods | CEO Advocate Health | 5 | $22.9M | $0 | $2.9M | $25.8M |
| Julie Ann Freischlag Md | CEO Of Ahwfb | 5 | $0 | $7.6M | $40.1K | $7.6M |
| Bradley A Clark | Evp, Treasurer | 4 | $2.5M | $0 | $419.4K | $2.9M |
| L Ebony Boulware Md | Dean, Wfu Som | 5 | $0 | $1.7M | $35.6K | $1.8M |
| J Mclain Wallace Jr | Svp, Gen Counsel & Secretary | 5 | $1.7M | $0 | $30.2K | $1.7M |
| David Zaas Md | Pres, Health System | 20 | $0 | $1.3M | $40.2K | $1.4M |
| Lisa M Marshall | Vp, Chief Phil Off | 20 | $974.4K | $0 | $31.4K | $1M |
| Brian A White | Director | 4 | $0 | $681K | $56K | $737K |
| Stephan L Lillie | SVP & CFO | 10 | $666.6K | $0 | $62K | $728.7K |
| William C Warden Jr | Chair | 15 | $0 | $0 | $0 | $0 |
| Donald E Flow | Vice Chair | 4 | $0 | $0 | $0 | $0 |
Eugene A Woods
CEO Advocate Health
$25.8M
Hrs/Wk
5
Compensation
$22.9M
Related Orgs
$0
Other
$2.9M
Julie Ann Freischlag Md
CEO Of Ahwfb
$7.6M
Hrs/Wk
5
Compensation
$0
Related Orgs
$7.6M
Other
$40.1K
Bradley A Clark
Evp, Treasurer
$2.9M
Hrs/Wk
4
Compensation
$2.5M
Related Orgs
$0
Other
$419.4K
L Ebony Boulware Md
Dean, Wfu Som
$1.8M
Hrs/Wk
5
Compensation
$0
Related Orgs
$1.7M
Other
$35.6K
J Mclain Wallace Jr
Svp, Gen Counsel & Secretary
$1.7M
Hrs/Wk
5
Compensation
$1.7M
Related Orgs
$0
Other
$30.2K
David Zaas Md
Pres, Health System
$1.4M
Hrs/Wk
20
Compensation
$0
Related Orgs
$1.3M
Other
$40.2K
Lisa M Marshall
Vp, Chief Phil Off
$1M
Hrs/Wk
20
Compensation
$974.4K
Related Orgs
$0
Other
$31.4K
Brian A White
Director
$737K
Hrs/Wk
4
Compensation
$0
Related Orgs
$681K
Other
$56K
Stephan L Lillie
SVP & CFO
$728.7K
Hrs/Wk
10
Compensation
$666.6K
Related Orgs
$0
Other
$62K
William C Warden Jr
Chair
$0
Hrs/Wk
15
Compensation
$0
Related Orgs
$0
Other
$0
Donald E Flow
Vice Chair
$0
Hrs/Wk
4
Compensation
$0
Related Orgs
$0
Other
$0
Highest compensated employees who are not officers or directors.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Cathleen Wheatley Dnp | Pres Wfbmc, SVP Cno | 40 | $1.2M | $0 | $18.9K | $1.3M |
| A Mick Fisher | Svp, Chro Wfb | 25 | $985.3K | $0 | $34.8K | $1M |
| Rami Badreddine Md | Physician | 40 | $885.6K | $0 |
Cathleen Wheatley Dnp
Pres Wfbmc, SVP Cno
$1.3M
Hrs/Wk
40
Compensation
$1.2M
Related Orgs
$0
Other
$18.9K
A Mick Fisher
Svp, Chro Wfb
$1M
Hrs/Wk
25
Compensation
$985.3K
Related Orgs
$0
Other
$34.8K
Rami Badreddine Md
Physician
$935.3K
Hrs/Wk
40
Compensation
$885.6K
Related Orgs
$0
Other
$49.7K
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| A Dale Jenkins | Director | 4 | $0 | $0 | $0 | $0 |
| A Lee Herring | Director | 4 | $0 | $0 | $0 | $0 |
| Arthur A Gibel | Director | 4 | $0 | $0 | $0 | $0 |
| Donna A Boswell Phd | Director | 4 | $0 | $0 | $0 | $0 |
| Felicia Allen | Director | 4 | $0 | $0 | $0 | $0 |
| John M Vann | Director |
A Dale Jenkins
Director
$0
Hrs/Wk
4
Compensation
$0
Related Orgs
$0
Other
$0
A Lee Herring
Director
$0
Hrs/Wk
4
Compensation
$0
Related Orgs
$0
Other
$0
Arthur A Gibel
Director
$0
Hrs/Wk
4
Compensation
$0
Related Orgs
$0
Other
$0
Individuals who previously served as officers or key employees.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Terry G Williams | Former Officer | — | $2.2M | $0 | $248.6K | $2.5M |
| Kevin P High Md | Former Officer | — | $0 | $1.3M | $45.1K | $1.3M |
| J Reid Morgan | Asst Secretary | 6 | $0 | $412.3K | $57.4K |
Terry G Williams
Former Officer
$2.5M
Hrs/Wk
—
Compensation
$2.2M
Related Orgs
$0
Other
$248.6K
Kevin P High Md
Former Officer
$1.3M
Hrs/Wk
—
Compensation
$0
Related Orgs
$1.3M
Other
$45.1K
J Reid Morgan
Asst Secretary
$469.7K
Hrs/Wk
6
Compensation
$0
Related Orgs
$412.3K
Other
$57.4K
| $206M |
| $70.5M |
| $151M |
| $446.4M |
| -$226.7M |
| 2020 | $135.6M | $4.8M | $152.5M | $318.3M | -$166.4M |
| 2019 | $141.4M | $632.7K | $163.8M | $341.4M | -$152.6M |
| 2018 | $143.9M | $1.5M | $139M | $391.3M | $122.5M |
| 2017 | $143.2M | $1M | $156.6M | $388.1M | $98.9M |
| 2016 | $25.9M | $3.6M | $32.1M | $259.5M | $128.5M |
| 2015 | $4.7M | $4.6M | $1.1M | $232.7M | $101M |
| 2014 | $322.4K | $324.9K | $1M | $206.9M | $82.5M |
| 2013 | $327.8K | $262.8K | $348.6K | $200.7M | $74.2M |
| 2012 | $190.9K | $190.9K | $190.9K | $57M | $0 |
| 2011 | $12.8K | $0 | $12.8K | $21.6M | $0 |
| 2021 | 990 | Data | PDF not yet published by IRS |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990-EZ | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| 2003 | 990 | — |
| 2002 | 990 | — |
| $49.7K |
| $935.3K |
| Todd Bankhead | SVP Clinical Ops, COO | 40 | $862.1K | $0 | $39.3K | $901.4K |
| Michael T Waid | Svp, Health System Ops | 5 | $836.7K | $0 | $50.8K | $887.4K |
Todd Bankhead
SVP Clinical Ops, COO
$901.4K
Hrs/Wk
40
Compensation
$862.1K
Related Orgs
$0
Other
$39.3K
Michael T Waid
Svp, Health System Ops
$887.4K
Hrs/Wk
5
Compensation
$836.7K
Related Orgs
$0
Other
$50.8K
| 4 |
| $0 |
| $0 |
| $0 |
| $0 |
| Leon Lee Jones Md | Director | 4 | $0 | $0 | $0 | $0 |
| Mark E Reed | Director | 4 | $0 | $0 | $0 | $0 |
| Matthew A King | Director | 4 | $0 | $0 | $0 | $0 |
| Nita Ahuja Md | Director | 4 | $0 | $0 | $0 | $0 |
| Rev Frank Thomas | Director | 4 | $0 | $0 | $0 | $0 |
| Richard L Shackelford | Director | 4 | $0 | $0 | $0 | $0 |
| Sheree B Watson | Director | 4 | $0 | $0 | $0 | $0 |
| Stephen L Robertson | Director | 4 | $0 | $0 | $0 | $0 |
| Susan R Wente Phd | Director | 5.5 | $0 | $1.2M | $363.4K | $1.6M |
Donna A Boswell Phd
Director
$0
Hrs/Wk
4
Compensation
$0
Related Orgs
$0
Other
$0
Felicia Allen
Director
$0
Hrs/Wk
4
Compensation
$0
Related Orgs
$0
Other
$0
John M Vann
Director
$0
Hrs/Wk
4
Compensation
$0
Related Orgs
$0
Other
$0
Leon Lee Jones Md
Director
$0
Hrs/Wk
4
Compensation
$0
Related Orgs
$0
Other
$0
Mark E Reed
Director
$0
Hrs/Wk
4
Compensation
$0
Related Orgs
$0
Other
$0
Matthew A King
Director
$0
Hrs/Wk
4
Compensation
$0
Related Orgs
$0
Other
$0
Nita Ahuja Md
Director
$0
Hrs/Wk
4
Compensation
$0
Related Orgs
$0
Other
$0
Rev Frank Thomas
Director
$0
Hrs/Wk
4
Compensation
$0
Related Orgs
$0
Other
$0
Richard L Shackelford
Director
$0
Hrs/Wk
4
Compensation
$0
Related Orgs
$0
Other
$0
Sheree B Watson
Director
$0
Hrs/Wk
4
Compensation
$0
Related Orgs
$0
Other
$0
Stephen L Robertson
Director
$0
Hrs/Wk
4
Compensation
$0
Related Orgs
$0
Other
$0
Susan R Wente Phd
Director
$1.6M
Hrs/Wk
5.5
Compensation
$0
Related Orgs
$1.2M
Other
$363.4K
| $469.7K |