RICHMOND EYE AND EAR HEALTHCARE ALLIANCE

EIN: 541904435 501(c)(3) Health Care

RICHMOND, VA

Total Revenue
$17,095,703
Total Expenses
$4,417,979
Total Assets
$44,423,774
Net Assets
$35,737,361
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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
VA
Principal Officer
TAYLAN BOZKURT
Phone
8047754500
Tax Period
2022-01-01 to 2022-12-31

RICHMOND EYE AND EAR HEALTHCARE ALLIANCE, founded in 1995, is a mid-sized nonprofit in the Health Care sector that reported $13.7M in total revenue in fiscal year 2018.

Mission

RICHMOND EYE AND EAR HEALTHCARE ALLIANCE'S (REEHA) MISSION IS TO OPERATE AN OUTPATIENT SURGICAL HOSPITAL IN A MANNER THAT PROMOTES HEALTH FOR A BROAD CROSS SECTION OF THE COMMUNITY, INCLUDING: ACCESS TO THE AVAILABILITY OF HEALTHCARE; FUND HEALTH RESEARCH AND COMMUNITY GRANTS; PROVIDE OTHER HEALTH CARE GRANTS AS DEEMED APPROPRIATE BY ITS BOARD OF DIRECTORS; PROMOTE THE USE OF HEALTHCARE TECHNOLOGY AND EDUCATION; AND PROVIDE FREE HEALTH CLINIC CARE SERVICES AND FUNDING AS DEEMED APPROPRIATE BY ITS BOARD OF DIRECTORS.

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Trantor Score

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

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $3,461,519
Investment Income $499,413
Other Revenue $13,134,771
TOTAL REVENUE $17,095,703

Expense Breakdown

Grants Paid $7,500
Salaries & Benefits $1,988,929
Fundraising Expenses $78,657
Program Expenses $2,083,487
Other Expenses $2,421,550
TOTAL EXPENSES $4,417,979

Year-over-Year Comparison

2022 2021 Change
Revenue $17,095,703 $30,371,588 -0.4%
Expenses $4,417,979 $16,570,514 -0.7%
Net Income $12,677,724 $13,801,074 -0.1%
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
14
Independent Members
14
Employees
194
Volunteers
25

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
3
$737,743
Total Directors
14
$0
Key Employees
1
$192,404
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANDREW J MICHAEL MD DIRECTOR 1.00
Director
$0 $0 $0
MRS CHERRY PETERS DIRECTOR 1.00
Director
$0 $0 $0
MR PETER PASTORE DIRECTOR 1.00
Director
$0 $0 $0
MRS CHERYL JARVIS DIRECTOR 1.00
Director
$0 $0 $0
MS JOANNE WILEY DIRECTOR 1.00
Director
$0 $0 $0
CHRIS PETRAS MD DIRECTOR 1.00
Director
$0 $0 $0
MR WALTER SPENCE DIRECTOR 1.00
Director
$0 $0 $0
RAYMOND L SPENCE JR MD DIRECTOR 1.00
Director
$0 $0 $0
BARRY E ROPER MD DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL ARMSTRONG SR ESQ DIRECTOR 1.00
Director
$0 $0 $0
MR ROBERT CROUSE DIRECTOR 1.00
Director
$0 $0 $0
MR FRANK FRANZAK DIRECTOR 1.00
Director
$0 $0 $0
PAUL MILLER DIRECTOR 1.00
Director
$0 $0 $0
JEFF SMITH DIRECTOR 1.00
Director
$0 $0 $0
MR TAYLAN BOZKURT CEO STARTING JULY 2022 40.00
Officer
$163,826 $7,411 $171,237
MR BRUCE P KUPPER CEO 40.00
Officer
$317,805 $13,284 $331,089
MR JOHN HEADLEY CFO 40.00
Officer
$220,128 $15,289 $235,417
MRS KAREN COLTRANE DIRECTOR OF DEVELOPMENT & FUNDRAISING 15.00
Key Emp
$177,498 $14,906 $192,404
MARY DILLON ANESTHESIOLOGIST 40.00
Highest
$378,967 $31,875 $410,842
MERVYN COLINA ANESTHESIOLOGIST 40.00
Highest
$379,883 $39,140 $419,023
BRADLEY MICHIELSON ANESTHESIOLOGIST 40.00
Highest
$259,570 $35,437 $295,007
MARC LOTANO ANESTHESIOLOGIST 40.00
Highest
$411,110 $34,510 $445,620
ANTHONY MANNING ANESTHESIOLOGIST 40.00
Highest
$274,420 $18,815 $293,235
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 No data No data No data No data
2022 $17,095,703 $4,417,979 $44,423,774 $12,677,724
2021 $30,371,588 $16,570,514 $45,037,769 $13,801,074
2020 $12,266,092 $15,870,572 $40,781,777 $-3,604,480
2019 $14,313,231 $14,619,413 $39,664,616 $-306,182
2018 $13,726,087 $15,000,755 $37,023,579 $-1,274,668
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