Vcu Health Childrens Services At Brook Road
- Assets
- $19.2m
- Revenue
- $27.3m
- Investments
- $0.0
- Employees
- 240
- Location
- Richmond, VA
- Founding
- 11/1941
- Data as of
- 06/2021
- EIN
- 54-0506309
Organization Overview
Vcu Health Childrens Services At Brook Road, operating under the name Children's Hospital Of Richmond, is located in Richmond, VA. The organization was established in 1941. According to its NTEE Classification (E24) the organization is classified as: Specialty Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2021, Children's Hospital Of Richmond employed 240 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Children's Hospital Of Richmond 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 06/2021, Children's Hospital Of Richmond generated $27.3m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $28.4m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (3.6%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TRANSITIONAL CARE UNIT IS THE HOSPITAL'S ONLY INPATIENT UNIT. IT HAS 47 BEDS AND PROVIDES LONG TERM CARE FOR CHILDREN UP TO THE AGE OF 21 WHO REQUIRE SPECIALIZED, AROUND THE CLOCK, NURSING CARE. THE UNIT IS CERTIFIED BY THE VIRGINIA DEPARTMENT OF MEDICAL ASSISTANCE SERVICES AND 100% OF THE REVENUE IN THIS PROGRAM COMES FROM VIRGINIA MEDICAID AND MEDICAID MANAGED CARE ORGANIZATIONS.
CSBR IS THE PREMIER PROVIDER OF OUTPATIENT PEDIATRIC PHYSICAL, OCCUPATIONAL, AND SPEECH THERAPY SERVICES IN CENTRAL VIRGINIA. THERAPY SERVICES ARE PROVIDED AT THE MAIN HOSPITAL IN THE CITY OF RICHMOND AND AT FIVE COMMUNITY THERAPY CENTERS LOCATED IN GLEN ALLEN, BON AIR, FREDERICKSBURG, PETERSBURG, AND STAFFORD. APPROXIMATELY 50% OF THE THERAPY VISITS ARE FUNDED BY VIRGINIA MEDICAID AND MEDICAID MANAGED CARE ORGANIZATIONS.
DENTAL PROGRAM SERVICES ARE PROVIDED FOR THE TYPICAL WELL-CHILD AND FOR CHILDREN WITH SPECIAL NEEDS.THE MAJORITY OF THE DENTAL PROGRAM PATIENTS ARE FUNDED BY VIRGINIA MEDICAID AND MEDICAID MANAGED CARE ORGANIZATIONS.
THE CHILDREN'S FEEDING PROGRAM IS DESIGNED TO HELP CHILDREN WHO HAVE A MEDICAL CONDITION THAT HAS AFFECTED THEIR FEEDING AND GROWTH. THE CHILD IS INITIALLY SEEN IN THE FEEDING CLINIC BY A TEAM OF SPECIALISTS WHO EVALUATE THE CHILD'S NEEDS AND MAKE RECOMMENDATIONS FOR TREATMENT AND/OR PROVIDES TIPS FOR THE FAMILY. TREATMENT PROGRAMS, EITHER OUTPATIENT OR DAY PATIENT, FOCUS ON ESTABLISHING APPROPRIATE FEEDING AND NUTRITIONAL HABITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharon Darby Associate VP Of Operations | Officer | 40 | $267,411 |
Timothy O'neill Director Of Finance | 40 | $149,059 | |
Mary S Tognarelli Director Of Inpatient Serv | 40 | $146,200 | |
Mark Nicol Dir. Of Facilities Mgmt | 40 | $139,735 | |
Robin Crotts Dir. Performance Improv. | 40 | $135,458 | |
Stacy Coleman Interim Nursing Director | 40 | $124,869 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mcv Physicians Llc Contracted Physicians | 6/29/21 | $624,292 |
Vcu School Of Dentistry Contracted Dentists | 6/29/21 | $419,795 |
Medical Information Technology It Support For Meditech | 6/29/21 | $127,598 |
Eurest Dining Services Dining Services | 6/29/21 | $132,306 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,419,267 |
| All other contributions, gifts, grants, and similar amounts not included above | $107,258 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,526,525 |
| Total Program Service Revenue | $24,293,608 |
| Investment income | $11,575 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $434,200 |
| 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 | $3,569 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,282,070 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $215,725 |
| 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. | $304,408 |
| Compensation of current officers, directors, key employees. | $41,759 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,933,427 |
| Pension plan accruals and contributions | $841,021 |
| Other employee benefits | $3,201,077 |
| Payroll taxes | $1,006,622 |
| Fees for services: Management | $314,733 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,656 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,345,832 |
| Advertising and promotion | $0 |
| Office expenses | $477,166 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $810,462 |
| Travel | $7,188 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,083 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,252,387 |
| Insurance | $401,138 |
| All other expenses | $142,268 |
| Total functional expenses | $28,354,860 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,818 |
| Savings and temporary cash investments | $76,027 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,699,079 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $51,988 |
| Prepaid expenses and deferred charges | $4,708 |
| Net Land, buildings, and equipment | $6,611,693 |
| Investments—publicly traded securities | $2,031,404 |
| Investments—other securities | $0 |
| Investments—program-related | $5,843,971 |
| Intangible assets | $0 |
| Other assets | $1,855,894 |
| Total assets | $19,176,582 |
| Accounts payable and accrued expenses | $3,934,816 |
| 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 | $12,486,327 |
| Total liabilities | $16,421,143 |
| Net assets without donor restrictions | -$3,088,532 |
| Net assets with donor restrictions | $5,843,971 |
| 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 | $19,176,582 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Vcu Health Childrens Services At Brook Road has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Kappa Delta Foundation Inc Memphis, TN PURPOSE: PROGRAM SUPPORT | $25,000 |
Endowment Analysis
| Beg. Balance | $4,456,341 |
| Earnings | $1,514,399 |
| Net Contributions | $19,500 |
| Grants | $146,269 |
| Ending Balance | $5,843,971 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Levindale Hebrew Geriatric Ctr & Hospital Inc Baltimore, MD | $101,881,010 | $76,269,735 |
Ut Regional One Physicians Inc Memphis, TN | $6,477,462 | $77,099,192 |
Mt Washington Pediatric Hospital Inc Baltimore, MD | $171,025,864 | $70,608,912 |
Ahsnf Inc Charlotte, NC | $34,390,165 | $37,411,842 |
Hospital For Sick Children Washington, DC | $36,862,073 | $28,570,843 |
Proton Therapy Center Llc Knoxville, TN | $90,724,481 | $22,840,271 |
Mtpc Llc Knoxville, TN | $100,207,112 | $17,070,739 |
Vcu Health Childrens Services At Brook Road Richmond, VA | $19,176,582 | $27,282,070 |
Baptist Memorial Hospital - Crittenden Inc Memphis, TN | $17,033,846 | $28,634,705 |
Thompson Oncology Group Knoxville, TN | $3,058,413 | $6,910,649 |
Richmond Eye & Ear Healthcare Alliance Richmond, VA | $40,781,777 | $12,266,092 |
Continuing Care Hospital Inc Lexington, KY | $10,777,175 | $12,480,256 |