THE ALEXANDRIA HOSPITAL FOUNDATION

EIN: 510241913 501(c)(3)

FALLS CHURCH, VA

Total Revenue
$1,897,295
Total Expenses
$411,443
Total Assets
N/A
Net Assets
N/A
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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
VA
Principal Officer
SAGE BOLTE
Phone
7032892433
Tax Period
2019-01-01 to 2019-12-31

THE ALEXANDRIA HOSPITAL FOUNDATION, founded in 1978, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2019. Revenue surged 129% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.5M, a strong 78% operating margin.

Mission

FUNDRAISING TO SUPPORT INOVA ALEXANDRIA HOSPITAL, AN ACUTE CARE TAX EXEMPT HOSPITAL.

Program Service Accomplishments

Program 1
Expenses: $411,443

ALEXANDRIA HOSPITAL FOUNDATION (AHF) HAS PROVIDED SUPPORT TO INOVA ALEXANDRIA HOSPITAL (IAH) FOR 40 YEARS. AHF IS PART OF THE INOVA HEALTH SYSTEM WHOSE MISSION IS TO PROVIDE WORLD-CLASS HEALTHCARE -...

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ALEXANDRIA HOSPITAL FOUNDATION (AHF) HAS PROVIDED SUPPORT TO INOVA ALEXANDRIA HOSPITAL (IAH) FOR 40 YEARS. AHF IS PART OF THE INOVA HEALTH SYSTEM WHOSE MISSION IS TO PROVIDE WORLD-CLASS HEALTHCARE - EVERY TIME, EVERY TOUCH - TO EACH PERSON IN EVERY COMMUNITY WE HAVE THE PRIVILEGE TO SERVE. INOVA ALEXANDRIA HOSPITAL PROVIDES HIGH QUALITY, PERSONALIZED, ACUTE PATIENT CARE, AND APPROPRIATE HOSPITAL BASED SERVICES FOR THE CITY OF ALEXANDRIA AND NEIGHBORING COMMUNITIES. AS A NOT-FOR-PROFIT ORGANIZATION, AHF DOES NOT HAVE SHAREHOLDERS. IT IS GOVERNED BY THE PEOPLE IT SERVES: MEMBERS OF THE COMMUNITY. THIS MODEL OF GOVERNANCE HELPS TO ENSURE THAT INOVA MEETS THE DIVERSE HEALTHCARE NEEDS OF THE COMMUNITY.IN KEEPING WITH INOVA'S COMMUNITY SERVICE MISSION, INOVA AND ITS AFFILIATES PROVIDE A WIDE RANGE OF PROGRAMS AND SERVICES WHICH DIRECTLY BENEFIT THE COMMUNITY THEY SERVE. THESE INCLUDE:PROVIDING THE HIGHEST QUALITY MEDICAL CARE TO ALL MEMBERS OF THE COMMUNITY, REGARDLESS OF THEIR FINANCIAL RESOURCES.PROVIDING FREE AND BELOW COST HEALTH SERVICES TO MEET THE IDENTIFIED NEEDS OF TARGETED COMMUNITY GROUPS, SUCH AS: THE INDIGENT AND ELDERLY; VICTIMS OF CANCER, HEART DISEASE, AND STROKE; PERSONS AFFECTED BY SUBSTANCE ABUSE; HIV-POSITIVE INDIVIDUALS; AND OTHERS.PROVIDING UNCOMPENSATED CARE IN ACCORDANCE WITH INOVA POLICIES WHICH ENSURE ACCESS TO MEDICALLY NECESSARY CARE FOR ALL INDIVIDUALS. CHARITY CARE IS DEFINED AS FREE OR DISCOUNTED HEALTHCARE SERVICES PROVIDED TO PERSONS WHO CANNOT AFFORD TO PAY. PROVIDING HEALTH EDUCATION AND A VARIETY OF OTHER SERVICES TO THE COMMUNITY.TRAINING HEALTH PROFESSIONALS.PHILANTHROPY IS CRITICAL TO INOVA'S MISSION. AS OF 2019, THERE ARE 72 PHILANTHROPIC FUNDS IN THE ALEXANDRIA HOSPITAL FOUNDATION. THIS BROAD RANGE OF PHILANTHROPY HELPS IAH STAY ON THE FOREFRONT OF MEDICAL ADVANCES, DEVELOP NEW PROGRAMS TO MEET CHANGING NEEDS, AND PROVIDE AFFORDABLE HEALTHCARE TO ALL WHO NEED IT. THROUGH A GIFT FROM THE BOARD OF LADY MANAGERS, IAH WAS ABLE TO INVEST IN THE O-ARM SURGICAL IMAGING SYSTEM, AS WELL AS MAKE UPGRADES TO THE DA VINCI SURGICAL SYSTEM AND CENTURION VISION SYSTEM.PHILANTHROPIC FUNDS ASSISTED IN THE DELIVERY OF CARE FOR UNDERSERVED PATIENTS, INCLUDING MEDICATIONS, TRANSPORTATION FOR TREATMENT, RENT AND UTILITIES ASSISTANCE, HOSPICE CARE, DIALYSIS SERVICES, HOME CARE SERVICES, OXYGEN AND GAS, AND NURSING HOME SERVICES.THIS YEAR'S PHILANTHROPIC FOCUS WAS ON PROFESSIONAL DEVELOPMENT FOR THE ENTIRE IAH CLINICAL TEAM, WITH NINE NEW DEPARTMENTS SENDING TEAM MEMBERS TO CONFERENCES FOR THE FIRST TIME. ADDITIONALLY, $45,500 IN SCHOLARSHIPS WAS AWARDED TO 12 RECIPIENTS FOR CONTINUING EDUCATION AND TO ADVANCE CAREERS.LASTLY, DURING THE 2019 SPRING2ACTION CAMPAIGN, IAH RAISED OVER $36,000 IN SUPPORT OF ADDITIONAL RENOVATIONS TO THE CHARLOTTE AND WALTER JONES NEONATAL INTENSIVE CARE UNIT. AT THE DEDICATION OF THE UNIT IN 2008, CHARLOTTE AND WALTER'S MOTHER AND OUR GENEROUS DONOR, ANNE BEVERLY JONES, STATED, "MY CHILDREN WOULD NOT BE HERE TODAY IF IT WASN'T FOR INOVA ALEXANDRIA HOSPITAL. MY HUSBAND AND I CAN'T SAY ENOUGH ABOUT THE PHENOMENAL CARE OUR TWINS RECEIVED." IN THE TEN YEARS SINCE THE DEDICATION, THOUSANDS OF PARENTS HAVE SHARED IN THE JONES FAMILY'S EXPERIENCE AND BENEFITTED FROM THEIR GENEROUS GIFT TO RENOVATE THE UNIT.THE TOTAL AMOUNT OF PHILANTHROPIC SUPPORT UTILIZED IN 2019 WAS $411,443.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $320,901
Program Service Revenue $0
Investment Income $1,576,394
Other Revenue $0
TOTAL REVENUE $1,897,295

Expense Breakdown

Grants Paid $411,443
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $411,443
Other Expenses $0
TOTAL EXPENSES $411,443

Year-over-Year Comparison

2019 2018 Change
Revenue $1,897,295 $828,911 +1.3%
Expenses $411,443 $1,108,543 -0.6%
Net Income $1,485,852 $-279,632 -6.3%
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
26
Independent Members
22
Employees
N/A
Volunteers
22

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
10
$6,025,347
Total Directors
26
$2,046,712
Key Employees
1
$250,398
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATHY HIRSCH SECRETARY 3.00
Officer Director
$0 $0 $0
SEEMA NAWAZ TREASURER 3.00
Officer Director
$0 $0 $0
RICHARD MAGENHEIMER CFO, ENDING 6/4/19 1.00
Officer
$0 $60,949 $2,517,437
BARBARA BECKER TRUSTEE 3.00
Director
$0 $0 $0
LEE DUNN TRUSTEE 3.00
Director
$0 $0 $0
JOE HADEED TRUSTEE 3.00
Director
$0 $0 $0
KEITH STERLING MD TRUSTEE 1.00
Director
$0 $0 $0
CHRISTOPHER LINDSAY TRUSTEE 3.00
Director
$0 $0 $0
MITCHELL HAILEY TRUSTEE 3.00
Director
$0 $0 $0
VAL P HAWKINS TRUSTEE 3.00
Director
$0 $0 $0
DONNAN WINTERMUTE VICE CHAIRMAN 3.00
Officer Director
$0 $0 $0
ELIZABETH H MICKLEM TRUSTEE 3.00
Director
$0 $0 $0
JENNIE MCGIHON TRUSTEE 3.00
Director
$0 $0 $0
DEAN SHAW TRUSTEE 3.00
Director
$0 $0 $0
DONALD SIMPSON JR CHAIRMAN 3.00
Officer Director
$0 $0 $0
JEFFREY VEATCH TRUSTEE 3.00
Director
$0 $0 $0
JOHN KLING DDS TRUSTEE 3.00
Director
$0 $0 $0
STEVE PETERSON TRUSTEE 3.00
Director
$0 $0 $0
STEVE SHAW TRUSTEE 3.00
Director
$0 $0 $0
LAUREN STACK TRUSTEE 3.00
Director
$0 $0 $0
JEFFREY COSTER DPM TRUSTEE 3.00
Director
$0 $0 $0
MELISSA SIGLER TRUSTEE 3.00
Director
$0 $0 $0
WILLIAM RYDELL TRUSTEE 3.00
Director
$0 $0 $0
JOHN GAUL ASST SECRETARY,SVP GENERAL COUNSEL 2.00
Officer
$0 $182,985 $1,385,555
RINA BANSAL PRESIDENT IAH AND TRUSTEE 0.00
Officer Director
$0 $85,371 $650,453
ALICE POPE CFO, BEGINNING 6/4/19 1.00
Officer
$0 $21,441 $642,543
ANTHONY COMEROTA TRUSTEE, PHYSICIAN 0.00
Director
$0 $76,410 $566,900
RICARDO TALENTO VP IHS AA FINANCE FORMER 0.00
$0 $57,711 $545,976
SAGE BOLTE PRESIDENT, VP IHS FOUNDATION 5.00
Officer Director
$0 $73,224 $518,182
CANDICE CHRISTOPHER ASST TREASURER 0.00
Officer Director
$0 $51,863 $311,177
CHRISTOPHER SMITH AVP ASSOC ADMIN CFO 0.00
Key Emp
$0 $28,429 $250,398
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 $1,897,295 $411,443 No data $1,485,852
2018 $828,911 $1,108,543 $14,783,309 $-279,632
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