Sentara Princess Anne Hospital
- Assets
- $369.9m
- Revenue
- $308.9m
- Investments
- $0.0
- Employees
- 1,436
- Location
- Norfolk, VA
- Founding
- 07/2013
- Data as of
- 12/2020
- EIN
- 27-3208969
Organization Overview
Sentara Princess Anne Hospital is located in Norfolk, 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 12/2021, Sentara Princess Anne Hospital employed 1,436 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 12/2020, Sentara Princess Anne Hospital generated $308.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $277.5m during the year ending 12/2020. While expenses have increased by 4.1% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
AS PART OF SENTARA HEALTHCARE'S INTEGRATED HEALTH CARE SYSTEM, WE IMPROVE HEALTH EVERY DAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph J Legan Vp, Chief Medical Officer | 40 | $514,256 | |
Dana W Graves Ke President, Spah | Officer | 40 | $377,668 |
Leo J Deleon Ke (vp, Spa Finance) | Officer | 40 | $340,894 |
Sonia B Cooper Ke (vp, Nurse Executive Spa) | Officer | 40 | $277,480 |
Thomas T Nguyen Mgr, Pharmacy | 40 | $196,328 | |
Rodolfo Garcia Jr Rn Perm Wkd Days | 40 | $193,238 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sussex Development Corp Construction | 12/30/21 | $2,148,928 |
Trimedx Clinical Asset Management | 12/30/21 | $2,807,677 |
Shared Hospital Services Linen Services | 12/30/21 | $1,133,728 |
Health Carousel Llc Healthcare Staffing Solutions | 12/30/21 | $863,332 |
Morrison Management Specialists Inc Food And Facilities Management | 12/30/21 | $1,206,295 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,422,122 |
| Investment income | $680,528 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,634 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $308,894,271 |
| Statement of Expenses | |
|---|---|
| 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. | $1,434,854 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $80,722,571 |
| Pension plan accruals and contributions | $18,212,928 |
| Other employee benefits | $8,439,424 |
| Payroll taxes | $5,916,342 |
| Fees for services: Management | $1,094,572 |
| Fees for services: Legal | $116,117 |
| Fees for services: Accounting | $187,588 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,524,271 |
| Advertising and promotion | $8,366 |
| Office expenses | $7,722,235 |
| Information technology | $516,161 |
| Royalties | $0 |
| Occupancy | $6,906,563 |
| Travel | $40,087 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,660 |
| Interest | $6,858,014 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,280,174 |
| Insurance | $1,022,427 |
| All other expenses | $0 |
| Total functional expenses | $277,532,572 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $143,946,740 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $43,912,371 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,382,668 |
| Prepaid expenses and deferred charges | $279,289 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $20,691,470 |
| Other assets | $752,865 |
| Total assets | $369,930,510 |
| Accounts payable and accrued expenses | $30,266,599 |
| 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 | $213,619,768 |
| Total liabilities | $243,886,367 |
| 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 |
| Total liabilities and net assets/fund balances | $126,044,143 |
Grants Awarded
Over the last fiscal year, Sentara Princess Anne Hospital has awarded $83,525 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
EASTERN VA MEDICAL SCHOOL PURPOSE: INDIGENT CARE | $69,525 |
Virginia Beach, VA PURPOSE: INDIGENT CARE | $14,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Sentara Princess Anne Hospital has recieved totaling $33,510.
| Awarding Organization | Amount |
|---|---|
Sentara Princess Anne Hospital Auxiliary Inc Virginia Beach, VA PURPOSE: GENERAL SUPPORT | $26,979 |
Sentara Princess Anne Hospital Auxiliary Inc Virginia Beach, VA PURPOSE: GENERAL SUPPORT | $6,531 |
Endowment Analysis
| Beg. Balance | $320,873 |
| Net Contributions | $9,251 |
| Ending Balance | $330,124 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
East Carolina Health Greenville, NC | $372,124,980 | $578,861,650 |
Summit Medical Group Inc Erlanger, KY | $190,205,942 | $425,285,378 |
Fort Sanders Regional Medical Center Knoxville, TN | $273,614,041 | $362,235,984 |
Upmc Western Maryland Corporation Cumberland, MD | $700,315,252 | $389,297,426 |
Sentara Princess Anne Hospital Norfolk, VA | $369,930,510 | $308,894,271 |
Kentuckyone Health Medical Group Inc Louisville, KY | $34,581,254 | $84,338,188 |
Sentara Enterprises Norfolk, VA | $56,715,425 | $135,301,315 |
Takoma Regional Hospital Inc Johnson City, TN | $67,567,737 | $101,642,721 |
Halifax Regional Medical Center Inc Roanoke Rapids, NC | $82,510,666 | $101,675,102 |
The Outer Bank Hospital Inc Greenville, NC | $114,163,426 | $117,236,071 |
St Josephs Hospital Of Buckhannon Inc Buckhannon, WV | $76,723,048 | $91,224,270 |
Unc Rockingham Health Care Inc Eden, NC | $39,584,223 | $64,914,459 |