NORFOLK, VA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)EVMS ACADEMIC PHYSICIANS AND SURGEONS HEALTH SERVICES FOUNDATION, founded in 1989, is a major nonprofit that reported $105.9M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $98.4M left a modest 7% surplus.
THE EVMS ACADEMIC PHYSICIANS AND SURGEONS HEALTH SERVICES FOUNDATION (THE "FOUNDATION") EXISTS TO FURTHER THE MISSION AND GOALS OF THE EASTERN VIRGINIA MEDICAL SCHOOL ("EVMS"), A SCHOOL OF MEDICINE WITHIN THE VIRGINIA HEALTH SCIENCCES AT OLD DOMINION UNIVERSITY (VHS), A DVISION OF OLD DOMINION UNIVERSITY (OD)), A PUBLIC INSTITUTION OF HIGHER EDUCATION IN THE COMMONWEALTH OF VIRGINIA. THE FOUNDATION WILL FOCUS ON THE ADMINISTRATION OF THE CLINICAL PRACTICE OF EVMS FACULTY MEMBERS WHILE STRIVING TO ENHANCE THE CAPACITY OF THE FACULTY OF EVMS TO PROVIDE EXCELLENCE IN THEIR EDUCATION, RESEARCH, AND SERVICE ROLES. IT ASPIRES TO HELP EVMS TO ATTRACT AND RETAIN THE BEST CLINICAL FACULTY AVAILABLE IN EACH OF THE SEVERAL CLINICAL/EDUCATIONAL DEPARTMENTS OF EVMS BY SUPPORTING CLINICAL PRACTICE AND RESEARCH, IN CONJUNCTION WITH TEACHING, UNDER WORKING CONDITIONS COMPARABLE TO THOSE PREVAILING IN COMPARABLE ACADEMICALLY ORIENTED MEDICAL CENTERS WITHIN THE COMMONWEALTH OF VIRGINIA AND ELSEWHERE. THE FOUNDATION WILL SPONSOR THE CLINICAL PRACTICE OF MEDICINE IN THE ACADEMIC SETTING TO PROVIDE THE FACULTY THE OPPORTUNITY TO TEACH EXCELLENCE IN HEALTH CARE DELIVERY TO STUDENTS AT ALL LEVELS OF TRAINING. THE FOUNDATION'S SUPPORT OF THE MEDICAL PRACTICE ACTIVITIES WILL ADDITIONALLY PROVIDE AN IMPROVED ENVIRONMENT, WHICH ALLOWS FOR THE PROVISION OF TRULY EXCELLENT PATIENT SERVICE. IN ITS CLINICAL AND RESEARCH ACTIVITIES, THE FOUNDATION WILL ASSIST EVMS IN ASSEMBLING A FACULTY WHICH CONSTITUTES A CRITICAL MASS OF TALENTED CLINICIANS DEDICATED TO REINFORCING EACH OTHER'S ABILITY TO PERFORM CLINICAL SERVICES, AND TO EDUCATE STUDENTS OF MEDICINE AND THE HEALING ARTS TO PERFORM AT THE HIGHEST STANDARDS OF EXCELLENCE AND EVER TO UPHOLD AND ENHANCE THE REPUTATION OF EVMS AND EACH OF ITS DEPARTMENTS.
ALISON DOBBIE, MD RECEIVED A SEVERANCE PAYMENT OF $29,135.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| 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 |
| 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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