Shore Health Services Inc

Organization Overview

Shore Health Services Inc, operating under the name Riverside Shore Memorial Hospital, is located in Newport News, VA. The organization was established in 1978. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2022, Riverside Shore Memorial Hospital employed 487 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riverside Shore Memorial Hospital 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 12/2022, Riverside Shore Memorial Hospital generated $106.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $92.8m during the year ending 12/2022. While expenses have increased by 5.4% per year over the past 8 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE GENERAL MEDICAL SERVICES TO THE COMMUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

GENERAL HOSPITAL SERVICES PROVIDED TO THE COMMUNITY. THE NUMBER OF PERSONS BENEFITED IN 2022 WAS 172,534 AND THE TOTAL QUANTIFIABLE COMMUNITY BENEFITS WERE $14,708,232.


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Vice Chairman
$0
Name Not Listed
Board Member/president/coo, Rhs
$0
Name Not Listed
Board Member/hospital President
$0
Name Not Listed
Chairman
$0
Name Not Listed
Board Member
$0
Name Not Listed
Board Member
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Akf Group Llc
Cip - Architect Design Fees/ Commissioning/testing/inspections
$498,486
Quest Diagnostics
Medical Services
$214,026
Laboratory Corp Of America Hld
Medical Services
$142,076
Q-centrix Llc
Service Contracts - Parts & Labor
$118,423
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $793,396
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$793,396
Total Program Service Revenue$105,858,889
Investment income $9,162
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$21,129
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $106,944,166

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