Shore Health Services Inc

EIN: 540560500 501(c)(3) Health Care

NEWPORT NEWS, VA

Total Revenue
$108,417,017
Total Expenses
$99,372,931
Total Assets
$75,144,115
Net Assets
$64,708,553
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Financial Trends

Organization Details

Formation Year
1928
Legal Domicile
VA
Phone
7578757545
Tax Period
2023-01-01 to 2023-12-31

SHORE HEALTH SERVICES INC, founded in 1928, is a mid-sized nonprofit in the Health Care sector that reported $69.0M in total revenue in fiscal year 2017.

Mission

PROVIDE GENERAL MEDICAL SERVICES TO THE COMMUNITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,171,964
Program Service Revenue $106,792,826
Investment Income $111,011
Other Revenue $341,216
TOTAL REVENUE $108,417,017

Expense Breakdown

Grants Paid $16,426
Salaries & Benefits $38,443,159
Fundraising Expenses $0
Program Expenses $89,424,494
Other Expenses $60,913,346
TOTAL EXPENSES $99,372,931

Year-over-Year Comparison

2023 2022 Change
Revenue $108,417,017 $106,944,166 +0.0%
Expenses $99,372,931 $92,780,721 +0.1%
Net Income $9,044,086 $14,163,445 -0.4%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
13
Employees
497
Volunteers
59

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
$3,369,218
Total Directors
16
$2,503,523
Key Employees
7
$2,081,874
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A CHAIRMAN 1.0
Officer Director
$0 $0 $0
N/A Board Member/PRESIDENT/CEO, RHS 1.0
Officer Director
$0 $24,016 $1,474,671
N/A Board Member/PRESIDENT RSMH 40.0
Officer Director
$0 $24,469 $338,711
N/A VICE CHAIRMAN 1.0
Officer Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER/Physician Specialty 1.0
Director
$0 $46,271 $690,141
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A GENERAL COUNSEL/SECRETARY, RHS 1.0
Officer
$0 $66,908 $663,606
N/A EVP, CFO & TREASURER 1.0
Officer
$0 $33,369 $892,230
N/A Associate Vice President Budget Tax & Reimbursement 1.0
Key Emp
$0 $54,688 $331,893
N/A CMO, RSMH/Physician Specialty 1.0
Key Emp
$0 $39,024 $464,414
N/A CNO, RSMH 40.0
Key Emp
$211,737 $10,724 $222,461
N/A Associate Vice President LLH 1.0
Key Emp
$0 $51,287 $295,700
N/A MEDICAL STAFF PRESIDENT/Physician Specialty 1.0
Key Emp
$0 $27,793 $215,245
N/A Associate Vice President Service Line 1.0
Key Emp
$0 $22,268 $285,193
N/A Pharmacy Senior Director 1.0
Key Emp
$0 $22,888 $266,968
N/A Pharmacist Shore 40.0
Highest
$156,066 $47,205 $203,271
N/A Pharmacist Shore 40.0
Highest
$183,190 $49,193 $232,383
N/A Quality & Lab Senior Director Shore 40.0
Highest
$171,842 $49,174 $221,016
N/A Pharmacist Shore 40.0
Highest
$171,010 $42,450 $213,460
N/A Pharmacist Shore 37.0
Highest
$155,636 $48,485 $204,121
N/A FORMER Board Member/PRESIDENT, RSMH/Hospital Chief Operating Officer/VP 0.0
$0 $39,242 $509,204
N/A FORMER MEDICAL STAFF PRESIDENT/Physician Emergency Room RRMC 0.0
$0 $15,912 $445,359
N/A FORMER SHS PRESIDENT, MEDICAL STAFF/Physician Hospitalist 0.0
$0 $66,542 $476,838
N/A FORMER 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 $108,417,017 $99,372,931 $75,144,115 $9,044,086
2022 $106,944,166 $92,780,721 $77,194,218 $14,163,445
2021 $98,574,947 $85,554,073 $73,414,092 $13,020,874
2020 $86,984,088 $75,777,273 $78,412,896 $11,206,815
2019 $82,170,298 $74,586,745 $87,333,743 $7,583,553
2018 $78,890,825 $74,760,138 $91,356,381 $4,130,687
2017 $68,987,242 $73,836,092 $95,640,732 $-4,848,850
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