Tidalhealth Peninsula Regional Inc
- Assets
- $750.3m
- Revenue
- $533.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Salisbury, MD
- Founding
- 12/1942
- Data as of
- 06/2022
- EIN
- 52-0591628
Organization Overview
Tidalhealth Peninsula Regional Inc is located in Salisbury, MD. The organization was established in 1942. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tidalhealth Peninsula Regional Inc 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 06/2022, Tidalhealth Peninsula Regional Inc generated $533.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $464.3m during the year ending 06/2022. While expenses have increased by 1.5% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVE THE HEALTH OF THE COMMUNITIES WE SERVE.
Describe the Organization's Program Activity:
SEE SCHEDULE OTIDALHEALTH PENINSULA REGIONAL IS A NOT-FOR-PROFIT 501(C)(3) NON-STOCK CORPORATION FOUNDED IN 1897 TO SERVE THE HEALTH CARE NEEDS OF THE COMMUNITY. THE HOSPITAL'S PRIMARY PURPOSE IS TO PROVIDE THE HIGHEST PRIMARY, SECONDARY, AND SELECTED TERTIARY HEALTH CARE SERVICES TO RESIDENTS OF AND VISITORS TO THE MID-DELMARVA PENINSULA IN A COMPETENT, COMPASSIONATE, AND COST-EFFECTIVE MANNER DESIGNED TO ELICIT A HIGH DEGREE OF CUSTOMER SATISFACTION. THE HOSPITAL'S MISSION IS TO IMPROVE THE HEALTH OF THE COMMUNITIES WE SERVE BY PROVIDING QUALITY MEDICAL CARE REGARDLESS OF RACE, CREED, SEX, NATIONAL ORIGIN, HANDICAP, OR AGE. IF A PATIENT IS UNABLE TO PAY DUE TO FINANCIAL RESOURCES, EFFORTS WILL BE TAKEN TO ASSURE CARE AT AN AFFORDABLE COST, OR OBTAINED ASSISTANCE THROUGH APPROPRIATE AGENCIES ON THE PATIENT'S BEHALF. EMERGENCY SERVICES CARE WILL BE PROVIDED TO EVERYONE REGARDLESS OF ABILITY TO PAY.TIDALHEALTH PENINSULA REGIONAL SERVED OVER 16,000 INPATIENTS AND PROVIDED MORE THAN 410,000 OUTPATIENT SERVICES DURING FISCAL 2022. FOOD SERVICE PROVIDED MORE THAN 465,000 MEALS TO PATIENTS AND EMPLOYEES. ALTHOUGH REIMBURSEMENT FOR SERVICES RENDERED IS CRITICAL TO THE OPERATION AND STABILITY OF TIDALHEALTH PENINSULA REGIONAL, IT IS RECOGNIZED THAT NOT ALL INDIVIDUALS POSSESS THE ABILITY TO PAY FOR ESSENTIAL MEDICAL SERVICES. THE HOSPITAL, IN KEEPING WITH THE COMMITMENT TO SERVE ALL MEMBERS OF THE COMMUNITY, DURING FISCAL 2022 PROVIDED:CHARITY AND OTHER ALLOWANCES TOTALING $39,867,942DISCOUNTS TO THIRD PARTY PAYORS INCLUDING PROGRAMS SUCH AS MEDICARE AND MEDICAID $35,146,265WRITE-OFF OF UNCOLLECTIBLE ACCOUNTS $7,802,301THE TOTAL UNREIMBURSED VALUE OF PROVIDING CARE TO THESE PATIENTS IS $82,816,508ALSO PROVIDED ARE MANY WELLNESS PROGRAMS, COMMUNITY EDUCATION AND FREE PROGRAMS OFFERED THROUGHOUT THE YEAR BASED UPON ACTIVITIES AND SERVICES THAT TIDALHEALTH PENINSULA REGIONAL BELIEVES WILL SERVE A BONA FIDE COMMUNITY HEALTH NEED. SOME OF THE PROGRAMS ARE AS FOLLOWS: - A VARIETY OF BROCHURES ARE DISPLAYED IN ALL HOSPITAL WAITING AREAS TO EDUCATE MEMBERS OF THE COMMUNITY REGARDING PROGRAMS AND SERVICES.- WE PROVIDE CHILDBIRTH PREPARATION CLASSES, EXERCISE CLASSES FOR PRENATAL AND POSTPARTUM WOMEN AND CPR CLASSES.- WE PROVIDE ASSISTANCE TO EDUCATORS THROUGH OUR WORK WITH STUDENT NURSES, RADIOLOGY, RESPIRATORY AND LABORATORY TECHNICIANS.PROGRAM ACTIVITYDURING FY 2022, TIDALHEALTH PENINSULA REGIONAL PERFORMED COMMUNITY OUTREACH ACTIVITIES ASSOCIATED WITH COVID-19 TESTING AND VACCINATION CLINICS, FLU CLINICS AND A MOBILE HEALTH INITIATIVE AIMED TO REDUCE UNNECESSARY USE OF THE 911 EMS SYSTEM AND EMERGENCY DEPARTMENT. SPECIFIC EXAMPLES OF EDUCATION AND OUTREACH PROGRAMS, SUPPORT GROUPS, COMMUNITY HEALTH SCREENINGS, AND FITNESS AND WELLNESS ACTIVITIES SUPPORTED BY TIDALHEALTH PENINSULA REGIONAL ARE AS FOLLOWS: COMMUNITY EDUCATIONAL AND OUTREACH PROGRAMS- CPR - CHILDBIRTH PREPARATION CLASSES - REFRESHER COURSE - CHILDBIRTH - INFANT CARE CLASSES - SAFE SITTER PROGRAM - WOMEN'S HEALTH EDUCATION SUPPORT GROUPS- DIABETES SUPPORT GROUP - HEAD AND NECK CANCER SUPPORT GROUP- CAREGIVER SUPPORT GROUP EVENTS: - COMMUNITY SCREENINGS - HEIGHT/WEIGHT, BLOOD PRESSURE - SKIN CANCER SCREENINGS- ORAL, HEAD AND NECK CANCER SCREENINGS- HEARING SCREENINGS- FLU CLINIC - EDUCATIONAL EXHIBITS TO PROMOTE HEALTHY LIFESTYLES BENEFITS:- UNITED WAY FITNESS/EXERCISE PROGRAMMING:- CARDIAC REHABILITATION- EXERCISES FOR STRENGTH AND ENDURANCE - STEPPING ON FALLS PREVENTION PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Leonard President/ceo | OfficerTrustee | 40 | $0 |
Julius Zant MD Chairperson | OfficerTrustee | 2 | $0 |
Memo Diriker Immediate Past Chairperson | OfficerTrustee | 5 | $0 |
James Hartstein Secretary | OfficerTrustee | 1 | $0 |
Susan Wilgus-Murphy Board Member | Trustee | 1 | $0 |
Karen Poisker Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Focusone Solutions Llc Temp Labor Services | 6/29/22 | $12,459,924 |
Intermed Group Biomedical Services | 6/29/22 | $7,074,167 |
Epic Systems Technical Services | 6/29/22 | $5,984,656 |
Sheridan Anesthesia Of Md Anesthesia Services | 6/29/22 | $6,241,703 |
Crothall Services Group Envornmental Services | 6/29/22 | $2,483,030 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $298,512 |
| Government grants | $6,024,117 |
| 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 | $6,322,629 |
| Total Program Service Revenue | $482,474,910 |
| Investment income | $7,364,492 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$111,084 |
| Net Gain/Loss on Asset Sales | $36,710,198 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $533,949,613 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $42,000 |
| 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. | $5,741,211 |
| Compensation of current officers, directors, key employees. | $563,213 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $172,597,207 |
| Pension plan accruals and contributions | $10,209,033 |
| Other employee benefits | $19,844,101 |
| Payroll taxes | $12,179,461 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $871,479 |
| Fees for services: Accounting | $726,562 |
| Fees for services: Lobbying | $20,421 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,108,271 |
| Fees for services: Other | $63,318,580 |
| Advertising and promotion | $465,498 |
| Office expenses | $40,501,308 |
| Information technology | $2,708,738 |
| Royalties | $0 |
| Occupancy | $5,363,242 |
| Travel | $226,815 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,098 |
| Interest | $4,678,365 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,744,520 |
| Insurance | $3,693,939 |
| All other expenses | $0 |
| Total functional expenses | $464,346,150 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,943,983 |
| Savings and temporary cash investments | $30,208,047 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $51,718,490 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $12,023,370 |
| Prepaid expenses and deferred charges | $9,252,697 |
| Net Land, buildings, and equipment | $185,715,125 |
| Investments—publicly traded securities | $356,298,154 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $101,181,337 |
| Total assets | $750,341,203 |
| Accounts payable and accrued expenses | $17,150,414 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $6,325,936 |
| 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 | $120,857,625 |
| Other liabilities | $61,756,076 |
| Total liabilities | $206,090,051 |
| Net assets without donor restrictions | $492,944,394 |
| Net assets with donor restrictions | $51,306,758 |
| 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 | $750,341,203 |
Grants Awarded
Over the last fiscal year, Tidalhealth Peninsula Regional Inc has awarded $42,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
GOOD OLE BOYS FOUNDATION INC PURPOSE: DONATION HOUSE FIRE FUND | $12,000 |
JUNIOR ACHIEVEMENT OF THE EASTERN SHORE PURPOSE: FINANCE VIRTUAL PARK AND INSPIRE CAMPAIGN DONATIONS | $10,000 |
UNITED WAY OF THE LOWER EASTERN SHORE PURPOSE: HEALTH LITERACY PROGRAM SUPPORT | $10,000 |
YMCA OF THE CHESAPEAKE INC PURPOSE: CAPITAL CAMPAIGN DONATION | $10,000 |