CHESAPEAKE GENERAL HOSPITAL HEALTH… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1993

Legal Domicile

Phone

7573128121

Tax Period

2024-07-01 to 2025-06-30

CHESAPEAKE GENERAL HOSPITAL HEALTHCARE FOUNDATION, founded in 1993, is a community nonprofit in the Health Care sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $1.4M exceeded revenue, resulting in a 28% operating deficit.

Mission

THE MISSION OF THE CHESAPEAKE REGIONAL HEALTH FOUNDATION IS TO SUPPORT CHESAPEAKE REGIONAL HEALTHCARE BY HELPING IT RESPOND TO THE EVOLVING HEALTH CARE NEEDS OF THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $1,347,968 Revenue: $0

PROVIDE GENERAL SUPPORT TO CHESAPEAKE REGIONAL HEALTHCARE SO THEY CAN RESPOND TO THE NEEDS OF THE COMMUNITY. DURING THE 2024 TAX YEAR SUPPORT WAS PROVIDED FOR THE BREAST CENTER, CANCER TREATMENT...

PROVIDE GENERAL SUPPORT TO CHESAPEAKE REGIONAL HEALTHCARE SO THEY CAN RESPOND TO THE NEEDS OF THE COMMUNITY. DURING THE 2024 TAX YEAR SUPPORT WAS PROVIDED FOR THE BREAST CENTER, CANCER TREATMENT CENTER, CRH CAPITAL CAMPAIGN, AND OTHER PROGRAMS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $702,398

Program Service Revenue $0

Investment Income $257,549

Other Revenue $124,987

TOTAL REVENUE $1,084,934

Expense Breakdown

Grants Paid $1,100,000

Salaries & Benefits $5,363

Fundraising Expenses $0

Program Expenses $1,347,968

Other Expenses $281,283

TOTAL EXPENSES $1,386,646

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,084,934	$860,894	+0.3%
Expenses	$1,386,646	$826,000	+0.7%
Net Income	$-301,712	$34,894	-9.6%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

205

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

$1,710,144

Total Directors

Key Employees

$166,750

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LOUISE QUALES	CHAIR	2.0	Officer Director	$0	$0	$0
MICHAEL J KOS	CHAIRMAN	2.0	Officer Director	$0	$0	$0
ROBERT MOHRHUSEN	SECRETARY	2.0	Officer Director	$0	$0	$0
W HAL SCOTT	VICE CHAIRMAN	2.0	Officer Director	$0	$0	$0
ANTHONY MORRIS	BOARD MEMBER	2.0	Director	$0	$0	$0
CHARLES G HACKWORTH	BOARD MEMBER	2.0	Director	$0	$0	$0
DANIEL BANISTER	MEMBER AT LARGE	2.0	Director	$0	$0	$0
DAVE HARE	BOARD MEMBER	2.0	Director	$0	$0	$0
DAVID A PACKER	BOARD MEMBER	2.0	Director	$0	$0	$0
DONALD S BUCKLEY	BOARD MEMBER	2.0	Director	$0	$0	$0
JAY L BROWN	BOARD MEMBER (AS OF 07/24)	2.0	Director	$0	$0	$0
LAKYSHA LAING	BOARD MEMBER (AS OF 07/24)	2.0	Director	$0	$0	$0
MARK HUGHES	BOARD MEMBER	2.0	Director	$0	$0	$0
MICHAEL ZIMMERMAN	BOARD MEMBER	2.0	Director	$0	$0	$0
RILEY P WIRTH	BOARD MEMBER (AS OF 07/24)	2.0	Director	$0	$0	$0
STEPHEN HAYNES	TREASURER	2.0	Director	$0	$0	$0
SYLVIA D WHITE	BOARD MEMBER	2.0	Director	$0	$0	$0
TARA PRESTON	BOARD MEMBER	2.0	Director	$0	$0	$0
TERRI RUBY	BOARD MEMBER	2.0	Director	$0	$0	$0
REESE JACKSON JD MHA FACHE	CEO & PRESIDENT	0.1	Officer	$0	$55,200	$1,084,240
STEVE MCDONNELL	CFO	0.1	Officer	$0	$55,200	$625,904
ELISA WILLS	CHIEF DEVELOPMENT OFFICER	40.0	Key Emp	$0	$0	$166,750

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	$1,084,934	$1,386,646	$9,959,617	$-301,712
2024	No data	No data	No data	No data
2023	$1,719,517	$2,205,731	$8,806,022	$-486,214
2022	$1,854,923	$1,314,233	$9,081,431	$540,690
2021	$2,845,990	$112,424	$9,086,618	$2,733,566
2020	$653,600	$1,272,378	$5,693,170	$-618,778
2019	$681,932	$339,456	$6,120,015	$342,476
2018	$499,962	$86,801	$5,457,482	$413,161

CHESAPEAKE GENERAL HOSPITAL HEALTHCARE FOUNDATION