Sentara Princess Anne Hospital
- Assets
- $365.5m
- Revenue
- $362.1m
- Investments
- $0.0
- Employees
- 1,515
- Location
- Virginia Beach, VA
- Founding
- 07/2013
- Data as of
- 12/2022
- EIN
- 27-3208969
Organization Overview
Sentara Princess Anne Hospital is located in Virginia Beach, VA. The organization was established in 2013. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2022, Sentara Princess Anne Hospital employed 1,515 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sentara Princess Anne 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 12/2022, Sentara Princess Anne Hospital generated $362.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $324.0m during the year ending 12/2022. While expenses have increased by 4.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
AS PART OF SENTARA HEALTH'S INTEGRATED HEALTH CARE SYSTEM, WE IMPROVE HEALTH EVERY DAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael V Gentry Director/president | OfficerTrustee | 1 | $0 |
Paul A Gaden Director | Trustee | 1 | $0 |
Teresa L Edwards Director | Trustee | 1 | $0 |
Robert A Broermann Treasurer | Officer | 1 | $0 |
Samuel J Hawley Assistant Secretary (through 6/22) | Officer | 1 | $0 |
Earl J Barnes II Secretary (eff 6/22) | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Morrison Healthcare Food And Facilities Management | 12/30/22 | $1,399,815 |
Trimedx Clinical Asset Management | 12/30/22 | $3,046,315 |
Total Renal Care Inc Health Care Services | 12/30/22 | $782,602 |
Shared Hospital Services Linen Services | 12/30/22 | $1,219,266 |
All States Contracting Llc Construction | 12/30/22 | $938,335 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,102 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,102 |
| Total Program Service Revenue | $361,251,503 |
| Investment income | $670,241 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $155,250 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $362,091,096 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $138,800 |
| 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. | $1,107,453 |
| Compensation of current officers, directors, key employees. | $180,847 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $102,908,710 |
| Pension plan accruals and contributions | $9,537,137 |
| Other employee benefits | $11,599,614 |
| Payroll taxes | $7,499,311 |
| Fees for services: Management | $313,532 |
| Fees for services: Legal | $87,995 |
| Fees for services: Accounting | $168,683 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,041,633 |
| Advertising and promotion | $13,127 |
| Office expenses | $8,649,815 |
| Information technology | $95,287 |
| Royalties | $0 |
| Occupancy | $7,245,194 |
| Travel | $62,057 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,442 |
| Interest | $6,428,875 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,813,452 |
| Insurance | $1,162,486 |
| All other expenses | -$520,779 |
| Total functional expenses | $323,959,944 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $124,159,746 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $49,007,325 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,554,744 |
| Prepaid expenses and deferred charges | $2,659,167 |
| Net Land, buildings, and equipment | $154,566,642 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $26,175,491 |
| Other assets | $4,394,536 |
| Total assets | $365,517,651 |
| Accounts payable and accrued expenses | $20,411,020 |
| Grants payable | $0 |
| Deferred revenue | $126,960 |
| 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 | $191,202,412 |
| Total liabilities | $211,740,392 |
| Net assets without donor restrictions | $153,458,264 |
| Net assets with donor restrictions | $318,995 |
| 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 | $365,517,651 |
Grants Awarded
Over the last fiscal year, Sentara Princess Anne Hospital has awarded $127,035 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
EASTERN VA MEDICAL SCHOOL PURPOSE: INDIGENT CARE | $100,092 |
VIRGINIA HOSPITAL & HEALTHCARE ASSOCIATION PURPOSE: BIOTERRORISM GRANT | $26,943 |