Tidalhealth Inc
- Assets
- $786.7m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Salisbury, MD
- Founding
- 05/1999
- Data as of
- 06/2020
- EIN
- 52-2132761
Organization Overview
Tidalhealth Inc is located in Salisbury, MD. The organization was established in 1999. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, 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 Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE HEALTH OF THE COMMUNITIES WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OWN AND INVEST IN HEALTH CARE ORGANIZATIONS ON THE DELMARVA PENINSULA IN ORDER TO IMPROVE THE HEALTH OF THE CITIZENS OF THE COMMUNITY WE SERVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Leonard President/ceo | OfficerTrustee | 1 | $0 |
Deborah Abbott Chairman | OfficerTrustee | 5 | $0 |
Ryan Mclaughlin Secretary | OfficerTrustee | 2 | $0 |
David Rommel Treasurer | OfficerTrustee | 2 | $0 |
Bruce I Ritchie CFO | Officer | 1 | $0 |
Lura Lunsford VP Of Operations | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,283 |
| Investment income | -$111,042 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $1,183,475 |
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,256,318 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $20,458 |
| Payroll taxes | $91,979 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $43,990 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $516,491 |
| Advertising and promotion | $0 |
| Office expenses | $114,544 |
| Information technology | $33,250 |
| Royalties | $0 |
| Occupancy | $122,117 |
| Travel | $4,462 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $305,097 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,718,058 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,272,614 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $42,058,317 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $276,764 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $741,692,474 |
| Total assets | $786,747,162 |
| Accounts payable and accrued expenses | $6,338,448 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $100,279,753 |
| 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 | $106,618,201 |
| 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 | $680,128,961 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Tidalhealth Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
S Randolph Scheen Family Charitable Foundation Tr Louisville, KY PURPOSE: MEDICAL EQUIPMENT | $10,000 |
View Grant Recipient Profile
Endowment Analysis
| Beg. Balance | $79,165,301 |
| Earnings | $23,584,799 |
| Admin Expense | $410,928 |
| Grants | $92,960 |
| Ending Balance | $102,246,212 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chandler Hall Health Services Inc Newtown, PA | $26,412,529 | $17,505,940 |
Monongalia Health System Inc Morgantown, WV | $86,745,766 | $16,010,701 |
Main Line Health System Newtown Square, PA | $716,989,438 | $16,528,062 |
Keystone Human Services Harrisburg, PA | $87,650,682 | $15,974,485 |
Gslpg Inc Allentown, PA | $2,068,397 | $14,256,674 |
Wellspan Health Care Services York, PA | $27,111,355 | $16,698,867 |
Newport News General & Nonsectarian Hospital Assoc Inc Newport News, VA | $153,163,041 | $18,790,275 |
Kuumba Community Health & Wellness Center Inc Roanoke, VA | $14,550,456 | $13,244,163 |
Heritage Valley Health System Inc Beaver, PA | $119,093,589 | $30,915,024 |
Pittsburgh Mercy Health System Inc Pittsburgh, PA | $67,521,734 | $13,055,628 |
Western Maryland Health Care Corporation Oakland, MD | $13,609,447 | $14,070,540 |
Glade Run Medical Associates Kittanning, PA | $1,611,141 | $7,978,684 |