EVMS ACADEMIC PHYSICIANS AND SURGEONS HEALTH SERVICES FOUNDATION

EIN: 521576648 501(c)(3)

NORFOLK, VA

Total Revenue
$105,939,002
Total Expenses
$98,448,051
Total Assets
$69,290,245
Net Assets
$47,084,705
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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
VA
Principal Officer
PO CHOU
Phone
7574516200
Tax Period
2024-07-01 to 2025-06-30

EVMS ACADEMIC PHYSICIANS AND SURGEONS HEALTH SERVICES FOUNDATION, founded in 1989, is a mid-sized nonprofit that reported $72.9M in total revenue in fiscal year 2017.

Mission

SUPPORTS CLINICAL PRACTICE AND RESEARCH AT EVMS IN CONJUNCTION WITH PROVIDING FACULTY THE OPPORTUNITY TO TEACH IN A PHYSICIAN GROUP SETTING WITHIN AN ACADEMIC ENVIRONMENT.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $89,467,732
Investment Income $901,465
Other Revenue $15,569,805
TOTAL REVENUE $105,939,002

Expense Breakdown

Grants Paid $0
Salaries & Benefits $76,434,252
Fundraising Expenses $0
Program Expenses $87,840,439
Other Expenses $22,013,799
TOTAL EXPENSES $98,448,051

Year-over-Year Comparison

2024 2023 Change
Revenue $105,939,002 $96,409,437 +0.1%
Expenses $98,448,051 $90,570,714 +0.1%
Net Income $7,490,951 $5,838,723 +0.3%
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
14
Independent Members
3
Employees
667
Volunteers
2

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
2
$1,840,846
Total Directors
15
$8,655,081
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALFRED ABUHAMAD MD BOARD CHAIRMAN 60.00
Officer Director
$1,126,611 $98,783 $1,225,394
BARRY STRASNICK MD MEDICAL DIRECTOR (UNTIL 06/25) 60.00
Director
$1,250,420 $63,342 $1,313,762
L D BRITT MD DIRECTOR 60.00
Director
$979,241 $59,458 $1,038,699
REHAN QAYYUM MD DIRECTOR 60.00
Director
$546,694 $75,373 $622,067
BEVERLY ROBERTS-ATWATER DO DIRECTOR 60.00
Director
$356,776 $13,566 $370,342
DAVID SPEIGEL MD DIRECTOR 60.00
Director
$468,407 $9,202 $477,609
PO CHOU CEO/DIRECTOR 60.00
Officer Director
$518,936 $96,516 $615,452
HELEN HESELIUS DIRECTOR 3.00
Director
$0 $0 $0
MARGARET BAUMGARTEN MD DIRECTOR 60.00
Director
$301,654 $48,589 $350,243
PETER NETLAND MD DIRECTOR 60.00
Director
$460,740 $6,490 $467,230
SCOTT WILLIAMS MD DIRECTOR 60.00
Director
$829,049 $72,255 $901,304
WILLIAM VAN BUREN DIRECTOR 3.00
Director
$0 $0 $0
GEORGE SAADE MD DIRECTOR 60.00
Director
$840,072 $29,568 $869,640
JOHN SNELLINGS MD DIRECTOR 60.00
Director
$370,492 $32,847 $403,339
CONRAD SHUMADINE DIRECTOR (UNTIL 07/25) 3.00
Director
$0 $0 $0
JIMMIE COLLINS MD PROFESSOR (DIRECTOR UNTIL 1/23) 60.00
Highest
$602,944 $35,935 $638,879
EDWIN CRANDLEY MD ASSIST PROFESSOR 60.00
Highest
$659,490 $34,747 $694,237
ERIC DOBRATZ MD ASSOCIATE PROFESSOR 60.00
Highest
$625,011 $12,404 $637,415
JOSEPH HAN MD PROFESSOR 60.00
Highest
$561,579 $82,003 $643,582
MICHAEL MARTYAK MD ASSOCIATE PROFESSOR 60.00
Highest
$595,901 $53,355 $649,256
ABBY VAN VOORHEES MD DIRECTOR (UNTIL 09/24) 60.00
$465,586 $56,955 $522,541
ANTONIO QUIDGLEY NEVARES MD DIRECTOR (UNTIL 10/21) 5.00
$10,200 $0 $10,200
MARK SINESI MD DIRECTOR (UNTIL 09/21) 30.00
$72,801 $37,371 $110,172
RICHARD BIKOWSKI MD DIRECTOR (UNTIL 06/20) 30.00
$109,543 $0 $109,543
SHANNON MCCOLE MD DIRECTOR (UNTIL 07/24) 5.00
$211,690 $69,312 $281,002
ALISON DOBBIE MD DIRECTOR (UNTIL 3/24) 60.00
$134,190 $9,739 $143,929
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
2025 $105,939,002 $98,448,051 $69,290,245 $7,490,951
2024 $96,409,437 $90,570,714 $56,609,277 $5,838,723
2023 $85,287,863 $76,378,530 $48,393,293 $8,909,333
2022 $80,545,238 $73,185,528 $38,048,783 $7,359,710
2021 $83,916,228 $79,817,644 $34,499,167 $4,098,584
2020 $76,952,937 $76,332,615 $21,915,426 $620,322
2019 $73,441,565 $76,421,253 $21,451,043 $-2,979,688
2018 $72,886,686 $73,392,603 $20,451,204 $-505,917
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