Chesapeake Hospital Corporation
- Assets
- $0.0
- Revenue
- $13.7m
- Investments
- $0.0
- Employees
- 410
- Location
- Kilmarnock, VA
- Founding
- 01/1975
- Data as of
- 12/2019
- EIN
- 23-7424835
Organization Overview
Chesapeake Hospital Corporation, operating under the name Rappahannock General Hospital, is located in Kilmarnock, VA. The organization was established in 1975. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2019, Rappahannock General Hospital employed 410 individuals. Rappahannock General Hospital is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2019, Rappahannock General Hospital generated $13.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (16.0%) each year. All expenses for the organization totaled $14.8m during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (18.0%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
NOT-FOR-PROFIT ACUTE CARE HOSPITAL
Describe the Organization's Program Activity:
Part 3 - Line 4a
RAPPAHANNOCK GENERAL HOSPITAL, WHICH IS THE ONLY PROVIDER OF INPATIENT AND OUTPATIENT ACUTE CARE SERVICES WITHIN A FIVE COUNTY AREA, PROVIDES MEDICAL CARE TO PATIENTS WITHOUT REGARD TO THEIR ABILITY TO PAY. PLEASE REFER TO THE COMMUNITY BENEFIT INFORMATION ON SCHEDULE H.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Former Ceo-Bsv | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Us Bank Corporate Trust (Shiftwise) Contract Nursing | 12/30/19 | $981,142 |
Trimedx Inc Asset Management | 12/30/19 | $492,331 |
Va Anesthesia & Perioperative Anesthesia & Perioperative | 12/30/19 | $733,337 |
Locum Leaders Inc Employment Services | 12/30/19 | $362,539 |
Pure Line Plumbing Llc Plumbing | 12/30/19 | $292,457 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $387,504 |
| Government grants | $42,895 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $430,399 |
| Total Program Service Revenue | $13,095,706 |
| Investment income | $903 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $37,042 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,682,871 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $192,848 |
| Compensation of current officers, directors, key employees. | $19,285 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,149,068 |
| Pension plan accruals and contributions | $228,147 |
| Other employee benefits | $673,820 |
| Payroll taxes | $390,547 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $761 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $556 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,842,507 |
| Advertising and promotion | $226 |
| Office expenses | $113,044 |
| Information technology | $13,954 |
| Royalties | $0 |
| Occupancy | $255,507 |
| Travel | $37,017 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,574 |
| Interest | $70,455 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $589,904 |
| Insurance | $60,370 |
| All other expenses | $99,376 |
| Total functional expenses | $14,759,042 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $0 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Chesapeake Hospital Corporation has recieved totaling $106,024.
| Awarding Organization | Amount |
|---|---|
Bon Secours Richmond Healthcare Foundation Foundation Richmond, VA PURPOSE: Capital and Program Support | $106,024 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hospital Development Co Spencer, WV | $52,869,915 | $52,048,469 |
Norton Community Hospital Inc Johnson City, TN | $0 | $44,059,462 |
Carilion Franklin Memorial Hospital Roanoke, VA | $34,418,043 | $53,453,560 |
Owensboro Health Twin Lakes Regional Medical Center Inc Owensboro, KY | $55,501,629 | $56,278,932 |
Carilion Rockbridge Community Hospital Roanoke, VA | $70,108,246 | $53,030,764 |
Grant Memorial Hospital Petersburg, WV | $30,150,493 | $46,826,382 |
Siskin Hospital For Physical Rehabilitation Chattanooga, TN | $126,934,150 | $48,552,060 |
Unity Medical Center Inc Manchester, TN | $57,842,404 | $53,886,351 |
Preston Memorial Hospital Corporation Kingwood, WV | $60,807,644 | $50,555,683 |
Smyth County Community Hospital Johnson City, TN | $126,236,373 | $54,851,079 |
Chatham Hospital Inc Siler City, NC | $25,669,520 | $44,313,104 |
Chester River Hospital Center Chestertown, MD | $73,405,075 | $44,166,460 |