Virginia Hospital Center Arlington Health System
- Assets
- $1.9b
- Revenue
- $673.5m
- Investments
- $378.0m
- Employees
- 4,475
- Location
- Arlington, VA
- Founding
- 04/1945
- Data as of
- 12/2021
- EIN
- 54-0505989
Organization Overview
Virginia Hospital Center Arlington Health System, operating under the name VHC Health, is located in Arlington, VA. The organization was established in 1945. 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, VHC Health employed 4,475 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. VHC Health 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, VHC Health generated $673.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $620.6m during the year ending 12/2021. While expenses have increased by 5.6% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
VIRGINIA HOSPITAL CENTER IS AN ACADEMIC TEACHING HOSPITAL OFFERING A FULL SPECTRUM OF PRIMARY, SECONDARY AND TERTIARY CARE SIGNIFICANTLY IN CARDIOLOGY, ORTHOPEDICS, ONCOLOGY & OB.
Describe the Organization's Program Activity:
VIRGINIA HOSPITAL CENTER ARLINGTON HEALTH SYSTEM ("VHC") PROVIDES MEDICAL SERVICES TO THE COMMUNITY IN THE AREAS OF SURGERY, CARDIOLOGY, OBSTETRICS, AND EMERGENCY CARE, AMONG OTHER GENERAL MEDICAL SERVICES. IN 2021, VHC PROVIDED GENERAL MEDICAL SERVICES TO 12,563 PATIENTS, PERFORMED 13,525 SURGERIES, AND HANDLED 303,576 CASES IN OTHER MEDICAL SPECIALTIES.
VIRGINIA HOSPITAL CENTER ARLINGTON HEALTH SYSTEM ("VHC") PROVIDES MEDICAL SERVICES TO THE COMMUNITY IN THE AREAS OF SURGERY, CARDIOLOGY, OBSTETRICS, AND EMERGENCY CARE, AMONG OTHER GENERAL MEDICAL SERVICES. IN 2021, VHC PROVIDED GENERAL MEDICAL SERVICES TO 12,563 PATIENTS, PERFORMED 13,525 SURGERIES, AND HANDLED 303,576 CASES IN OTHER MEDICAL SPECIALTIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Board Member | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Skanska Usa Building Inc Construction | 12/30/21 | $50,511,621 |
Hitt Contracting Inc Construction | 12/30/21 | $5,581,718 |
Aramark Corporation Environ & Food Svc | 12/30/21 | $4,998,456 |
Aya Healthcare Inc Nursing Contract Labor | 12/30/21 | $4,310,808 |
Skanska Usa Building Inc Construction | 12/30/21 | $50,511,621 |
Hitt Contracting Inc Construction | 12/30/21 | $5,581,718 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $658,859 |
| Government grants | $3,213,061 |
| All other contributions, gifts, grants, and similar amounts not included above | $210,884 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,082,804 |
| Total Program Service Revenue | $633,993,328 |
| Investment income | $13,677,619 |
| Tax Exempt Bond Proceeds | $265,464 |
| Royalties | $0 |
| Net Rental Income | $1,419,433 |
| Net Gain/Loss on Asset Sales | $16,638,607 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $265,837 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $673,514,509 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,000 |
| 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. | $5,639,056 |
| Compensation of current officers, directors, key employees. | $4,036,712 |
| Compensation to disqualified persons | $70,733 |
| Other salaries and wages | $261,533,736 |
| Pension plan accruals and contributions | $8,669,160 |
| Other employee benefits | $14,061,339 |
| Payroll taxes | $17,533,222 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,527,777 |
| Fees for services: Accounting | $358,738 |
| Fees for services: Lobbying | $66,385 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,353,878 |
| Fees for services: Other | $56,195,996 |
| Advertising and promotion | $2,162,947 |
| Office expenses | $1,114,223 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,930,180 |
| Travel | $141,359 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $300,056 |
| Interest | $3,025,473 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $33,911,655 |
| Insurance | $2,496,204 |
| All other expenses | $25,668,000 |
| Total functional expenses | $620,623,522 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $120,526,504 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $95,484,504 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $15,868,466 |
| Prepaid expenses and deferred charges | $8,643,889 |
| Net Land, buildings, and equipment | $426,768,113 |
| Investments—publicly traded securities | $693,280,438 |
| Investments—other securities | $378,035,926 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $138,916,737 |
| Total assets | $1,877,524,577 |
| Accounts payable and accrued expenses | $101,226,319 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $324,499,990 |
| 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 | $105,955,687 |
| Total liabilities | $531,681,996 |
| Net assets without donor restrictions | $1,328,577,040 |
| Net assets with donor restrictions | $17,265,541 |
| 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 | $1,877,524,577 |
Grants Awarded
Over the last fiscal year, Virginia Hospital Center Arlington Health System has awarded $50,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Arlington, VA PURPOSE: program support | $15,000 |
Arlington, VA PURPOSE: program support | $15,000 |
Arlington, VA PURPOSE: program support | $10,000 |
Arlington, VA PURPOSE: program support | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Virginia Hospital Center Arlington Health System has recieved totaling $6,720.
| Awarding Organization | Amount |
|---|---|
Give Back Foundation Madison, WI PURPOSE: PROGRAM SUPPORT | $6,720 |
Endowment Analysis
| Beg. Balance | $14,816,516 |
| Earnings | $1,149,733 |
| Net Contributions | $3,679,838 |
| Other Expense | $2,380,546 |
| Ending Balance | $17,265,541 |
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 |