Chesapeake Medical Group Inc

EIN: 541857174 501(c)(3)

Kilmarnock, VA

Total Revenue
$1,192,290
Total Expenses
$2,934,411
Total Assets
$1,985,039
Net Assets
$-11,055,845
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
VA
Phone
8044358661
Tax Period
2018-09-01 to 2019-08-31

Chesapeake Medical Group Inc, founded in 1994, is a community nonprofit that reported $4.7M in total revenue in fiscal year 2017. Revenue decreased 9% compared to the prior year. Expenses of $8.9M exceeded revenue, resulting in a 87% operating deficit.

Mission

NOT-FOR-PROFIT PRIMARY MEDICAL CARE SERVICES.

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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 $8,500
Program Service Revenue $1,165,683
Investment Income $0
Other Revenue $18,107
TOTAL REVENUE $1,192,290

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,074,437
Fundraising Expenses $0
Program Expenses $1,183,784
Other Expenses $859,974
TOTAL EXPENSES $2,934,411

Year-over-Year Comparison

2018 2017 Change
Revenue $1,192,290 $4,737,324 -0.7%
Expenses $2,934,411 $8,867,609 -0.7%
Net Income $-1,742,121 $-4,130,285 -0.6%
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
19
Independent Members
18
Employees
79
Volunteers
19

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
$2,842,221
Total Directors
24
$4,120,692
Key Employees
3
$807,309
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A CEO-BSV (End 07/19) 1.0
Officer Director
$0 $16,500 $1,852,330
N/A Interim CEO - Richmond (Beg 07/19) 1.0
Officer Director
$0 $0 $0
N/A President 3.5
Officer Director
$0 $0 $0
N/A Chairman (End 12/18) 2.0
Officer Director
$0 $0 $0
N/A Chairman (Beg 01/19) 2.0
Officer Director
$0 $0 $0
N/A Board Member (End 03/19) 2.0
Director
$0 $148,793 $2,268,362
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member (Beg 08/19) 2.0
Director
$0 $0 $0
N/A Board Member (Beg 08/19) 2.0
Director
$0 $0 $0
N/A Board Member (End 12/18) 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member (End 12/18) 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Treasurer, CFO - Richmond Market 1.0
Officer
$0 $25,196 $683,182
N/A Secretary (Beg 01/19) 2.0
Officer
$0 $42,470 $306,709
N/A Secretary (End 01/19) 2.0
Officer
$0 $0 $0
N/A SVP HR - Richmond (End 11/18) 1.0
Key Emp
$0 $43,292 $404,968
N/A VP HR - Richmond (Beg 11/18) 1.0
Key Emp
$0 $38,572 $217,219
N/A VP Patient Care Services 1.0
Key Emp
$0 $7,786 $185,122
N/A Surgeon 50.0
Highest
$346,741 $21,994 $368,735
N/A Primary Care Physician 50.0
Highest
$210,443 $26,499 $236,942
N/A Primary Care Physician 50.0
Highest
$245,761 $40,476 $286,237
N/A Primary Care Physician 50.0
Highest
$218,980 $26,435 $245,415
N/A Internist 50.0
Highest
$274,468 $19,094 $293,562
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 $1,192,290 $2,934,411 $1,985,039 $-1,742,121
2019 $374,225 $1,057,555 No data $-683,330
2018 $4,737,324 $8,867,609 $4,173,612 $-4,130,285
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