LOUDOUN HEALTHCARE FOUNDATION

EIN: 542011240 501(c)(3)

FALLS CHURCH, VA

Total Revenue
$4,538,192
Total Expenses
$951,816
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
VA
Principal Officer
SAGE BOLTE
Phone
7032892433
Tax Period
2019-01-01 to 2019-12-31

LOUDOUN HEALTHCARE FOUNDATION, founded in 2000, is a community nonprofit that reported $4.5M in total revenue in fiscal year 2019. Revenue surged 67% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.6M, a strong 79% operating margin.

Mission

UNDERTAKE AND ASSIST IN THE IDENTIFICATION, CULTIVATION, ENCOURAGEMENT AND SOLICITATION OF ALL TYPES OF GIFTS AND THE MANAGEMENT OF TRUST AND ENDOWMENT FUNDS FOR THE BENEFIT OF INOVA LOUDOUN HOSPITAL

Program Service Accomplishments

Program 1
Expenses: $608,754

LOUDOUN HEALTHCARE FOUNDATION [ALSO DOING BUSINESS AS INOVA LOUDOUN HOSPITAL FOUNDATION (ILHF)], PROVIDES PHILANTHROPIC SUPPORT TO INOVA LOUDOUN HOSPITAL (ILH). LOUDOUN HEALTHCARE FOUNDATION IS PART...

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LOUDOUN HEALTHCARE FOUNDATION [ALSO DOING BUSINESS AS INOVA LOUDOUN HOSPITAL FOUNDATION (ILHF)], PROVIDES PHILANTHROPIC SUPPORT TO INOVA LOUDOUN HOSPITAL (ILH). LOUDOUN HEALTHCARE FOUNDATION IS PART OF THE INOVA HEALTH SYSTEM WHOSE MISSION IS TO PROVIDE WORLD-CLASS HEALTHCARE - EVERY TIME, EVERY TOUCH - TO EACH PERSON IN EVERY COMMUNITY WE HAVE THE PRIVILEGE TO SERVE. INOVA LOUDOUN HOSPITAL PROVIDES PERSONALIZED, HIGH QUALITY ACUTE CARE HOSPITAL SERVICES AND APPROPRIATE HOSPITAL BASED SERVICES TO MEET THE COMMUNITY HEALTHCARE NEEDS FOR THE RESIDENTS OF LOUDOUN COUNTY, VIRGINIA AND NEIGHBORING COMMUNITIES.IN KEEPING WITH INOVA'S COMMUNITY SERVICE MISSION, INOVA AND ITS AFFILIATES PROVIDE A WIDE RANGE OF PROGRAMS AND SERVICES WHICH DIRECTLY BENEFIT THE COMMUNITY THEY SERVE. THESE INCLUDE:PROVIDING THE HIGHEST QUALITY MEDICAL CARE TO ALL MEMBERS OF THE COMMUNITY, REGARDLESS OF THEIR FINANCIAL RESOURCES.PROVIDING FREE AND BELOW COST HEALTH SERVICES TO MEET THE IDENTIFIED NEEDS OF TARGETED COMMUNITY GROUPS, SUCH AS THE INDIGENT AND ELDERLY; VICTIMS OF CANCER, HEART DISEASE, AND STROKE; PERSONS AFFECTED BY SUBSTANCE ABUSE; HIV-POSITIVE INDIVIDUALS; AND OTHERS.PROVIDING UNCOMPENSATED CARE IN ACCORDANCE WITH INOVA POLICIES WHICH ENSURE ACCESS TO MEDICALLY NECESSARY CARE FOR ALL INDIVIDUALS. CHARITY CARE IS DEFINED AS FREE OR DISCOUNTED HEALTHCARE SERVICES PROVIDED TO PERSONS WHO CANNOT AFFORD TO PAY.PROVIDING HEALTH EDUCATION AND A VARIETY OF OTHER SERVICES TO THE COMMUNITY.TRAINING HEALTH PROFESSIONALS.PHILANTHROPY IS CRITICAL TO INOVA'S MISSION. A BROAD RANGE OF PHILANTHROPY HELPS INOVA STAY ON THE FOREFRONT OF MEDICAL ADVANCES, DEVELOP NEW PROGRAMS TO MEET CHANGING NEEDS AND PROVIDE AFFORDABLE HEALTHCARE TO ALL WHO NEED IT. THE LOUDOUN HEALTHCARE FOUNDATION WORKS WITH DONORS WHO SUPPORT THE PURCHASE OF EQUIPMENT, IMPROVEMENTS IN PATIENT CARE PROGRAMS AND EDUCATION FOR NURSES AND CLINICAL STAFF, AS WELL AS, PROVIDING FUNDS FOR NEW FACILITIES AND CAPITAL IMPROVEMENTS. THE TOTAL AMOUNT OF SUPPORT PROVIDED TO THE COMMUNITY AND HOSPITAL PROGRAMS IN 2019 WAS $608,754.

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Trantor Score

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

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

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $3,448,210
Program Service Revenue $0
Investment Income $1,089,982
Other Revenue $0
TOTAL REVENUE $4,538,192

Expense Breakdown

Grants Paid $608,754
Salaries & Benefits $165,600
Fundraising Expenses $343,062
Program Expenses $608,754
Other Expenses $177,462
TOTAL EXPENSES $951,816

Year-over-Year Comparison

2019 2018 Change
Revenue $4,538,192 $2,710,501 +0.7%
Expenses $951,816 $851,125 +0.1%
Net Income $3,586,376 $1,859,376 +0.9%
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
17
Independent Members
14
Employees
N/A
Volunteers
14

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
$6,331,114
Total Directors
17
$1,785,579
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EDWARD PUCCIO MD TRUSTEE 3.00
Director
$0 $0 $0
DAVID BOSSERMAN CHAIRMAN 1.00
Officer Director
$0 $0 $0
SHANNON LEHR MD TRUSTEE 3.00
Director
$0 $0 $0
STEVEN FREDERICKSON TRUSTEE 3.00
Director
$0 $0 $0
CRICKET BEDFORD TRUSTEE 3.00
Director
$0 $0 $0
DAVID KERSEY SECRETARY 3.00
Officer Director
$0 $0 $0
KRISTINA BOUWEIRI TRUSTEE 3.00
Director
$0 $0 $0
SHARON VIRTS TRUSTEE 3.00
Director
$0 $0 $0
RICHARD MAGENHEIMER ASST TREASURER, ENDING 6-4-19 1.00
Officer
$0 $60,949 $2,517,437
ERIC MAJOR TRUSTEE 3.00
Director
$0 $0 $0
ALEXIA ORR TRUSTEE 3.00
Director
$0 $0 $0
SUSAN MILLS TRUSTEE 1.00
Director
$0 $0 $0
FADI NUKTA MD TRUSTEE 3.00
Director
$0 $0 $0
LISA PERVERILL TRUSTEE 3.00
Director
$0 $0 $0
BOBBI SCHAUFELD TRUSTEE 3.00
Director
$0 $0 $0
JOHN GAUL ASST SECRETARY 1.00
Officer
$0 $182,985 $1,385,555
H PATRICK WALTERS FORMER PRESIDENT 2.00
$0 $65,405 $1,201,489
DEBORAH ADDO PRESIDENT ILH 10.00
Officer Director
$0 $149,416 $897,656
ALICE POPE ASST TREASURER, BEGINNING 6-4-19 1.00
Officer
$0 $21,441 $642,543
SAGE BOLTE PRESIDENT, VP IHS FOUNDATION 5.00
Officer Director
$0 $73,224 $518,182
WILLIAM BANE TREASURER 20.00
Officer Director
$0 $51,851 $369,741
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 $4,538,192 $951,816 No data $3,586,376
2018 $2,710,501 $851,125 $16,893,361 $1,859,376
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