CHESAPEAKE GENERAL HOSPITAL HEALTHCARE FOUNDATION

EIN: 541693739 501(c)(3) Health Care

CHESAPEAKE, VA

Total Revenue
$1,084,934
Total Expenses
$1,386,646
Total Assets
$9,959,617
Net Assets
$9,959,617
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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
VA
Phone
7573128121
Tax Period
2024-07-01 to 2025-06-30

CHESAPEAKE GENERAL HOSPITAL HEALTHCARE FOUNDATION, founded in 1993, is a small nonprofit in the Health Care sector that reported $500K in total revenue in fiscal year 2017. Revenue fell 24% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $413K, a strong 83% operating margin.

Mission

THE MISSION OF THE CHESAPEAKE REGIONAL HEALTH FOUNDATION IS TO SUPPORT CHESAPEAKE REGIONAL MEDICAL CENTER BY HELPING IT RESPOND TO THE EVOLVING HEALTH CARE NEEDS OF 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 (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
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Governance

Voting Members
20
Independent Members
19
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
6
$1,710,144
Total Directors
19
$0
Key Employees
1
$166,750
Highest Compensated
0
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
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