Newport News General and Nonsectarian Hospital Association Inc

EIN: 540505934

NEWPORT NEWS, VA

Total Revenue
$15,289,932
Total Expenses
$13,073,578
Total Assets
$170,284,360
Net Assets
$102,013,639
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1916
Legal Domicile
VA
Phone
7578757545
Tax Period
2023-01-01 to 2023-12-31

Newport News General and Nonsectarian Hospital Association Inc, founded in 1916, is a mid-sized nonprofit that reported $15.3M in total revenue in fiscal year 2023. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $13.1M left a modest 14% surplus.

Mission

NEWPORT NEWS GENERAL AND NONSECTARIAN HOSPITAL ASSOCIATION, INC. SUPPORTS THE MISSION STATEMENT ADOPTED BY THE RIVERSIDE HEALTHCARE ASSOCIATION, INC. BOARD. RHA, INC. MISSION STATEMENT TO CARE FOR OTHERS AS WE WOULD CARE FOR THOSE WE LOVE - TO ENHANCE THEIR WELL-BEING AND IMPROVE THEIR HEALTH.

Program Service Accomplishments

Program 1
Expenses: $13,073,578 Revenue: $15,289,932

RETAINS LAND, BUILDINGS AND FIXED EQUIPMENT WHICH IS LEASED TO RELATED RIVERSIDE NON-PROFIT ORGANIZATIONS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $15,289,932
Investment Income $0
Other Revenue $0
TOTAL REVENUE $15,289,932

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $13,073,578
Other Expenses $13,073,578
TOTAL EXPENSES $13,073,578

Year-over-Year Comparison

2023 2022 Change
Revenue $15,289,932 $24,063,108 -0.4%
Expenses $13,073,578 $13,581,343 0.0%
Net Income $2,216,354 $10,481,765 -0.8%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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

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Governance

Voting Members
3
Independent Members
2
Employees
N/A
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
6
$3,504,900
Total Directors
3
$1,474,671
Key Employees
1
$331,893
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A CHAIRMAN 0.3
Officer Director
$0 $0 $0
N/A Board Member/PRESIDENT/CEO, RHS 0.3
Officer Director
$0 $24,016 $1,474,671
N/A VICE CHAIRMAN 0.3
Officer Director
$0 $0 $0
N/A Chief Nursing Officer/SVP 0.3
Officer
$0 $22,787 $474,393
N/A GENERAL COUNSEL/SECRETARY, RHS 0.3
Officer
$0 $66,908 $663,606
N/A EVP, CFO & TREASURER 0.3
Officer
$0 $33,369 $892,230
N/A Associate Vice President Budget Tax & Reimbursement 0.3
Key Emp
$0 $54,688 $331,893
N/A FORMER Board Member/CEO,RHS/Executive Vice Chairman, RHS Board 0.0
$0 $51,982 $1,536,392
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
2024 No data No data No data No data
2023 $15,289,932 $13,073,578 $170,284,360 $2,216,354
2022 $24,063,108 $13,581,343 $174,676,600 $10,481,765
2021 $18,790,275 $13,704,138 $153,163,041 $5,086,137
2020 $19,845,269 $14,047,124 $134,643,124 $5,798,145
2019 $24,498,132 $14,134,499 $151,132,401 $10,363,633
2018 $17,639,592 $14,014,838 $186,736,382 $3,624,754
2017 $19,739,380 $15,013,162 $213,370,681 $4,726,218
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