Sentara Healthcare
- Assets
- $7.4b
- Revenue
- $1.0b
- Investments
- $4.4b
- Employees
- 770
- Location
- Norfolk, VA
- Founding
- 01/1983
- Data as of
- 12/2021
- EIN
- 52-1271901
Organization Overview
Sentara Healthcare is located in Norfolk, VA. The organization was established in 1983. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 12/2021, Sentara Healthcare employed 770 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sentara Healthcare 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 12/2021, Sentara Healthcare generated $1.0b in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.7% each year . All expenses for the organization totaled $212.9m during the year ending 12/2021. While expenses have increased by 4.5% 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.
Since 2014, Sentara Healthcare has awarded 615 individual grants totaling $90,333,717. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
AT SENTARA, WE IMPROVE HEALTH EVERY DAY.
Describe the Organization's Program Activity:
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 |
|---|---|---|---|
Howard P Kern Pres/ceo/ex-Efficio Director | OfficerTrustee | 40 | $30,180,034 |
Robert A Broermann Cfo/evp | Officer | 40 | $2,171,787 |
Michael V Gentry Coo/evp | Officer | 40 | $1,912,697 |
Megan R Perry SVP & Chief Strategy Officer | 40 | $1,739,461 | |
Jordan R Asher MD Ke (evp & Chief Physician Exec) | Officer | 40 | $1,603,621 |
Becky C Sawyer Ke (evp & Cpo) | Officer | 40 | $1,258,562 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pma Companies Commercial Insurance Underwriter | 12/30/21 | $4,736,907 |
K And L Gates Llp Legal Services | 12/30/21 | $2,463,876 |
Pacific Investment Mgmt Company Llc Investment Mgmt Fees | 12/30/21 | $1,713,369 |
Highland Assoc Inc Investment Mgmt Fees | 12/30/21 | $1,625,000 |
Sullivancotter Inc Healthcare Consulting | 12/30/21 | $1,606,353 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $14,471,075 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,595,042 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,066,117 |
| Total Program Service Revenue | $173,083,713 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $35,632,585 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $718,966,448 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,030,614,538 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,856,708 |
| 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. | $20,466,448 |
| Compensation of current officers, directors, key employees. | $3,270,538 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $81,306,891 |
| Pension plan accruals and contributions | $10,092,604 |
| Other employee benefits | $2,965,555 |
| Payroll taxes | $5,879,433 |
| Fees for services: Management | $4,549,731 |
| Fees for services: Legal | $6,890,405 |
| Fees for services: Accounting | $1,369,427 |
| Fees for services: Lobbying | $71,598 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,362,888 |
| Fees for services: Other | $24,645,483 |
| Advertising and promotion | $11,336,037 |
| Office expenses | -$738,448 |
| Information technology | $2,562,688 |
| Royalties | $0 |
| Occupancy | $2,870,720 |
| Travel | $203,499 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $197,230 |
| Interest | $5,709,276 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $724,038 |
| Insurance | $2,929,136 |
| All other expenses | -$4,980,688 |
| Total functional expenses | $212,895,073 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $911,914,724 |
| Pledges and grants receivable | $3,712,621 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $134,478,822 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $8,060,650 |
| Net Land, buildings, and equipment | $6,193,352 |
| Investments—publicly traded securities | $1,408,822,670 |
| Investments—other securities | $4,402,144,825 |
| Investments—program-related | $0 |
| Intangible assets | $5,658,633 |
| Other assets | $472,691,651 |
| Total assets | $7,353,677,948 |
| Accounts payable and accrued expenses | $438,741,104 |
| Grants payable | $14,305,554 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $1,544,795,701 |
| 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 | $400,575,684 |
| Total liabilities | $2,398,418,043 |
| Net assets without donor restrictions | $4,939,353,019 |
| Net assets with donor restrictions | $15,906,886 |
| 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 | $7,353,677,948 |
Grants Awarded
Over the last fiscal year, Sentara Healthcare has awarded $16,375,524 in support to 184 organizations.
| Grant Recipient | Amount |
|---|---|
Norfolk, VA PURPOSE: SPONSORSHIP | $2,000,000 |
New York, NY PURPOSE: LISC-SENTARA PARTNERSHIP | $2,000,000 |
Hampton, VA PURPOSE: FINANCIAL ASSISTANCE FOR STUDENTS AFFECTED BY THE COVID-19 CRISIS | $860,000 |
Norfolk, VA PURPOSE: SPONSORSHIP | $765,000 |
Portsmouth, VA PURPOSE: BROADEN CULTURAL QUALITY IN VIRGINIA | $700,000 |
Richmond, VA PURPOSE: PRIMARY HEALTHCARE FOR UNDERSERVED VIRGINIANS | $447,250 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Sentara Healthcare has recieved totaling $12,287,931.
| Awarding Organization | Amount |
|---|---|
Sentara Hospitals Norfolk, VA PURPOSE: CORPORATE OVERHEAD ALLOCATIONS | $9,187,865 |
Sentara Rmh Medical Center Norfolk, VA PURPOSE: CORPORATE ALLOCATION TO PARENT | $1,724,439 |
Potomac Hospital Corporation Of Prince William Norfolk, VA PURPOSE: CORPORATE ALLOCATION TO PARENT | $883,290 |
Halifax Regional Hospital Inc Norfolk, VA PURPOSE: CORPORATE ALLOCATION TO PARENT | $362,569 |
Hampton Roads Community Foundation Norfolk, VA PURPOSE: 2021 DESIGNATED DISTRIBUTION FOR NORFOLK GENERAL HOSPITAL | $46,700 |
Hampton Roads Community Foundation Norfolk, VA PURPOSE: FOR THE BEYOND CANCER CAMPAIGN | $20,000 |
Endowment Analysis
| Beg. Balance | $104,821,440 |
| Earnings | $12,076,782 |
| Admin Expense | $610,931 |
| Net Contributions | $10,595,042 |
| Grants | $199,150 |
| Ending Balance | $126,683,183 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hh Medstar Health Inc Columbia, MD | $303,491,180 | $865,504,764 |
Appalachian Regional Healthcare Inc Lexington, KY | $1,267,201,787 | $817,287,479 |
Memorial Health Care System Inc Chattanooga, TN | $833,500,042 | $655,181,018 |
Wellmont Health System Johnson City, TN | $425,394,041 | $662,198,822 |
Virginia Hospital Center Arlington Health System Arlington, VA | $1,877,524,577 | $673,514,509 |
West Virginia University Medical Corporation Morgantown, WV | $212,648,584 | $571,153,959 |
Owensboro Health Regional Hospital Owensboro, KY | $1,685,340,581 | $709,904,993 |
The Johns Hopkins Health System Corporation Baltimore, MD | $2,298,014,981 | $561,406,992 |
Norton Healthcare Inc Louisville, KY | $2,709,209,349 | $492,316,959 |
Carilion Services Inc Roanoke, VA | $938,637,589 | $302,052,496 |
Baptist Patient Safety System Inc Memphis, TN | $1,693,307,701 | $249,640,612 |
West Virginia United Health System Inc Morgantown, WV | $316,093,597 | $251,827,259 |