Bon Secours Richmond Healthcare Foundation

EIN: 541201346 501(c)(3)

Richmond, VA

Total Revenue
$7,236,199
Total Expenses
$8,765,552
Total Assets
$21,935,937
Net Assets
$20,171,455
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
VA
Phone
8042818413
Tax Period
2018-09-01 to 2019-08-31

Bon Secours Richmond Healthcare Foundation, founded in 1982, is a mid-sized nonprofit that reported $11.5M in total revenue in fiscal year 2017. Revenue surged 55% from the prior year, signaling strong growth momentum. Expenses of $10.4M left a modest 9% surplus.

Mission

FUNDRAISING & GRANT MAKING IN SUPPORT OF THE NOT-FOR-PROFIT MISSION OF BON SECOURS RICHMOND HEALTH SYSTEM.

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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 (2018)

Revenue Breakdown

Contributions & Grants $7,254,776
Program Service Revenue $0
Investment Income $277,572
Other Revenue $-296,149
TOTAL REVENUE $7,236,199

Expense Breakdown

Grants Paid $6,182,442
Salaries & Benefits $2,058,684
Fundraising Expenses $1,412,048
Program Expenses $7,093,669
Other Expenses $524,426
TOTAL EXPENSES $8,765,552

Year-over-Year Comparison

2018 2017 Change
Revenue $7,236,199 $11,522,901 -0.4%
Expenses $8,765,552 $10,446,659 -0.2%
Net Income $-1,529,353 $1,076,242 -2.4%
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

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Liquidity & Cash Position

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Governance

Voting Members
31
Independent Members
29
Employees
23
Volunteers
35

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
8
$3,099,716
Total Directors
38
$2,382,304
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A CEO-BSV (End 07/19) 0.5
Officer Director
$0 $16,500 $1,852,330
N/A Interim CEO - Richmond (Beg 07/19) 0.5
Officer Director
$0 $0 $0
N/A President 0.5
Officer Director
$0 $0 $0
N/A Secretary 0.5
Officer Director
$0 $0 $0
N/A Chairman 0.5
Officer Director
$0 $0 $0
N/A Board Member (End 02/19) 0.5
Director
$0 $42,564 $351,379
N/A Board Member (Beg 03/19) 0.5
Director
$0 $33,127 $171,923
N/A Board Member 0.5
Director
$0 $0 $0
N/A Board Member 0.5
Director
$0 $0 $0
N/A Board Member 0.5
Director
$0 $0 $0
N/A Board Member 0.5
Director
$0 $0 $0
N/A Board Member 0.5
Director
$0 $0 $0
N/A Board Member 0.5
Director
$0 $0 $0
N/A Board Member (End 09/18) 0.5
Director
$0 $0 $0
N/A Board Member 0.5
Director
$0 $0 $0
N/A Board Member 0.5
Director
$0 $0 $6,672
N/A Board Member 0.5
Director
$0 $0 $0
N/A Board Member 0.5
Director
$0 $0 $0
N/A Board Member 0.5
Director
$0 $0 $0
N/A Board Member (End 12/18) 0.5
Director
$0 $0 $0
N/A Board Member 0.5
Director
$0 $0 $0
N/A Board Member 0.5
Director
$0 $0 $0
N/A Board Member 0.5
Director
$0 $0 $0
N/A Board Member 0.5
Director
$0 $0 $0
N/A Board Member (End 12/18) 0.5
Director
$0 $0 $0
N/A Board Member 0.5
Director
$0 $0 $0
N/A Board Member 0.5
Director
$0 $0 $0
N/A Board Member 0.5
Director
$0 $0 $0
N/A Board Member 0.5
Director
$0 $0 $0
N/A Board Member 0.5
Director
$0 $0 $0
N/A Board Member 0.5
Director
$0 $0 $0
N/A Board Member 0.5
Director
$0 $0 $0
N/A Board Member 0.5
Director
$0 $0 $0
N/A Board Member 0.5
Director
$0 $0 $0
N/A Board Member 0.5
Director
$0 $0 $0
N/A Board Member 0.5
Director
$0 $0 $0
N/A Board Member (End 12/18) 0.5
Director
$0 $0 $0
N/A Board Member (End 12/18) 0.5
Director
$0 $0 $0
N/A Treasurer, CFO - Richmond Market 0.5
Officer
$0 $25,196 $683,182
N/A CEO-Foundation (End 09/18) 37.0
Officer
$363,438 $45,025 $408,463
N/A President, Richmond Foundation (Beg 10/18) 49.5
Officer
$127,190 $28,551 $155,741
N/A Sr. Development Officer 50.0
Highest
$143,478 $35,334 $178,812
N/A Sr. Development Officer 50.0
Highest
$148,548 $16,669 $165,217
N/A Sr. Development Officer 50.0
Highest
$126,975 $32,590 $159,565
N/A Sr. Development Officer 50.0
Highest
$123,515 $15,575 $139,090
N/A Administrative Director 50.0
Highest
$118,029 $11,328 $129,357
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 $7,236,199 $8,765,552 $21,935,937 $-1,529,353
2019 $4,502,238 $2,204,701 No data $2,297,537
2018 $11,522,901 $10,446,659 $20,429,244 $1,076,242
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