Chesapeake Hospital Corporation

EIN: 237424835 501(c)(3)

Kilmarnock, VA

Total Revenue
$37,168,294
Total Expenses
$44,457,296
Total Assets
$25,251,162
Net Assets
$-12,184,690
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Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
VA
Phone
8044358582
Tax Period
2018-09-01 to 2019-08-31

Chesapeake Hospital Corporation, founded in 1977, is a mid-sized nonprofit that reported $31.8M in total revenue in fiscal year 2017. Revenue decreased 13% compared to the prior year.

Mission

NOT-FOR-PROFIT ACUTE CARE HOSPITAL

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $199,561
Program Service Revenue $36,486,988
Investment Income $30,196
Other Revenue $451,549
TOTAL REVENUE $37,168,294

Expense Breakdown

Grants Paid $138,563
Salaries & Benefits $21,101,612
Fundraising Expenses $0
Program Expenses $41,354,253
Other Expenses $23,217,121
TOTAL EXPENSES $44,457,296

Year-over-Year Comparison

2018 2017 Change
Revenue $37,168,294 $31,771,380 +0.2%
Expenses $44,457,296 $33,892,026 +0.3%
Net Income $-7,289,002 $-2,120,646 +2.4%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
19
Independent Members
18
Employees
395
Volunteers
110

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✓ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
9
$3,547,647
Total Directors
24
$4,120,692
Key Employees
4
$985,277
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A CEO-BSV (End 07/19) 6.0
Officer Director
$0 $16,500 $1,852,330
N/A Interim CEO - Richmond (Beg 07/19) 6.0
Officer Director
$0 $0 $0
N/A President 3.5
Officer Director
$0 $0 $0
N/A Chairman (End 12/18) 2.0
Officer Director
$0 $0 $0
N/A Chairman (Beg 01/19) 2.0
Officer Director
$0 $0 $0
N/A Board Member (End 03/19) 2.0
Director
$0 $148,793 $2,268,362
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member (Beg 08/19) 2.0
Director
$0 $0 $0
N/A Board Member (Beg 08/19) 2.0
Director
$0 $0 $0
N/A Board Member (End 12/18) 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member (End 12/18) 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Treasurer, CFO - Richmond Market 10.0
Officer
$0 $25,196 $683,182
N/A Secretary (Beg 01/19) 2.0
Officer
$0 $42,470 $306,709
N/A CEO-SFMC&CHC 20.0
Officer
$0 $48,668 $705,426
N/A Secretary (End 01/19) 2.0
Officer
$0 $0 $0
N/A SVP HR - Richmond (End 11/18) 8.0
Key Emp
$0 $43,292 $404,968
N/A VP HR - Richmond (Beg 11/18) 8.0
Key Emp
$0 $38,572 $217,219
N/A VP Patient Care Services 49.0
Key Emp
$177,336 $7,786 $185,122
N/A VP, Hospital Administrator 50.0
Key Emp
$168,794 $9,174 $177,968
N/A Psychiatrist 50.0
Highest
$248,062 $31,716 $279,778
N/A Primary Care Physician 50.0
Highest
$271,794 $38,152 $309,946
N/A Internist 50.0
Highest
$176,719 $15,834 $192,553
N/A Operations Manager, Pharmacy 50.0
Highest
$157,369 $8,183 $165,552
N/A Internist 50.0
Highest
$229,218 $27,221 $256,439
N/A Former CEO - RGH 0.0
$0 $43,740 $856,606
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2019 $37,168,294 $44,457,296 $25,251,162 $-7,289,002
2019 $13,682,871 $14,759,042 No data $-1,076,171
2018 $31,771,380 $33,892,026 $24,397,614 $-2,120,646
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