Virginia Hospital And Healthcare Association
- Assets
- $21.1m
- Revenue
- $14.1m
- Investments
- $0.0
- Employees
- 45
- Location
- Richmond, VA
- Founding
- 05/1964
- Data as of
- 09/2023
- EIN
- 54-0701665
Organization Overview
Virginia Hospital And Healthcare Association is located in Richmond, VA. The organization was established in 1964. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 09/2023, Virginia Hospital And Healthcare Association employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Hospital And Healthcare Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 09/2023, Virginia Hospital And Healthcare Association generated $14.1m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $13.3m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (3.3%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
VHHA STRIVES TO MAKE VIRGINIA THE HEALTHIEST STATE IN THE NATION. COLLABORATING WITH OUR MEMBERS AND STAKEHOLDERS, VHHA WORKS TO ENSURE THE SUSTAINABILITY OF VIRGINIA'S HEALTH CARE SYSTEM AND IMPROVE THE HEALTH OF ALL VIRGINIANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE VIRGINIA HOSPITAL & HEALTHCARE ASSOCIATION PROMOTES THE COMMON HEALTH CARE INDUSTRY INTERESTS OF VIRGINIA'S HOSPITALS AND HEALTH SYSTEMS THROUGH PUBLIC POLICY ADVOCACY, EDUCATIONAL PROGRAMMING, RESEARCH, AND PROJECT DEVELOPMENT.
VHHA MEMBER PRIVATE ACUTE HOSPITALS ARE SUBJECT TO PAYMENT OF PROVIDER ASSESSMENTS UNDER THE STATE MEDICAID PROGRAM. THE PROVIDER ASSESSMENTS ARE HIGHLY TECHNICAL IN NATURE REQUIRING COMPLEX ACCOUNTING, RECONCILIATION, MANAGED CARE ORGANIZATION COMPLIANCE, AND UPPER PAYMENT LIMIT VALIDATION. TO ASSIST VHHA MEMBERS WITH THESE COMMON ACTIVITIES AND POOL RESOURCES NEEDED TO FINANCE THEM, VHHA SERVES AS A THIRD-PARTY ADMINISTRATOR AUTHORIZED TO PERFORM VARIOUS PROVIDER ASSESSMENT DUTIES ON BEHALF OF ITS MEMBERS. MOST, BUT NOT ALL VHHA MEMBERS ARE SUBJECT TO THE PROVIDER ASSESSMENT. IN ORDER TO PROPERLY ACCOUNT FOR THE FUNDS AND EXPENSES ASSOCIATED WITH THIS THIRD-PARTY ADMINISTRATOR ROLE AND TO ENSURE THAT THOSE NOT AFFECTED BY THE PROVIDER ASSESSMENT ARE NOT CHARGED FOR THESE SERVICES, VHHA HAS ESTABLISHED SEGREGATED FUNDS AND ACCOUNTS, WHICH ARE OVERSEEN BY A SEPARATE COMMITTEE OF THE VHHA BOARD.
THE VIRGINIA HOSPITAL & HEALTHCARE ASSOCIATION SERVES AS A KEY LIAISON WITH THE PUBLIC HEALTH SECTOR GOVERNMENT AGENCIES TO PLAN FOR RESPONSES TO EMERGING PUBLIC HEALTH CHALLENGES THROUGH ITS ADMINISTRATION OF THE HOSPITAL PREPAREDNESS PROGRAM THAT IS SUPPORTED WITH FEDERAL GRANT FUNDING. DURING PREVIOUS FISCAL YEARS, VHHA WAS INSTRUMENTAL IN ASSISTING OUR MEMBERS AND OTHER STAKEHOLDERS IN RESPONDING TO THE GLOBAL PANDEMIC THROUGH FULFILLING CRITICAL COLLABORATION AND COMMUNICATION ROLES, PROVIDING ACCURATE AND TIMELY DATA COLLECTION, SOURCING AND DISTRIBUTING PPE, TESTING AND VACCINATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
B Eric Deaton Chair | OfficerTrustee | 1 | $0 |
Michael I Elliott Vice Chair | OfficerTrustee | 1 | $0 |
Mark Nantz Secretary/treasurer | OfficerTrustee | 1 | $0 |
Steven C Arner Director | Trustee | 1 | $0 |
Amy Carrier Director | Trustee | 1 | $0 |
David Cashwell Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mcdermott Will & Emery Llp Legal | 9/29/23 | $164,631 |
Clinedinst Consulting Llc Consulting | 9/29/23 | $129,082 |
Daniel Gray Consulting | 9/29/23 | $108,890 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $357,250 |
| Government grants | $5,051,555 |
| 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 | $5,408,805 |
| Total Program Service Revenue | $5,887,786 |
| Investment income | $1,078,501 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,520,596 |
| Net Rental Income | $204,017 |
| Net Gain/Loss on Asset Sales | $31,438 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,131,143 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $1,212,032 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,064,054 |
| Pension plan accruals and contributions | $406,698 |
| Other employee benefits | $331,820 |
| Payroll taxes | $261,177 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $132,308 |
| Fees for services: Accounting | $120,027 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $29,784 |
| Fees for services: Other | $788,321 |
| Advertising and promotion | $270,283 |
| Office expenses | $122,934 |
| Information technology | $853,840 |
| Royalties | $0 |
| Occupancy | $37,893 |
| Travel | $94,104 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $326,716 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $104,646 |
| Insurance | $88,617 |
| All other expenses | $59,912 |
| Total functional expenses | $13,274,636 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,463 |
| Savings and temporary cash investments | $6,654,518 |
| Pledges and grants receivable | $204,701 |
| Accounts receivable, net | $981,502 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $200,585 |
| Net Land, buildings, and equipment | $3,486,749 |
| Investments—publicly traded securities | $8,950,016 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $582,323 |
| Total assets | $21,119,857 |
| Accounts payable and accrued expenses | $1,866,858 |
| Grants payable | $0 |
| Deferred revenue | $1,299,844 |
| 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 | $0 |
| Total liabilities | $3,166,702 |
| Net assets without donor restrictions | $17,953,155 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $21,119,857 |
Grants Awarded
Over the last fiscal year, Virginia Hospital And Healthcare Association has awarded $75,405 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
AUGUSTA HEALTH PURPOSE: WORKFORCE INITIATIVE TO ADDRESS HEALTHCARE JOB RECRUITMENT, RETENTION AND EDUCATION. | $6,894 |
MEMORIAL REGIONAL MEDICAL CENTER INC PURPOSE: WORKFORCE INITIATIVE TO ADDRESS HEALTHCARE JOB RECRUITMENT, RETENTION AND EDUCATION. | $10,542 |
FAQUIER MEDICAL CENTER LLC PURPOSE: WORKFORCE INITIATIVE TO ADDRESS HEALTHCARE JOB RECRUITMENT, RETENTION AND EDUCATION. | $13,550 |
LEWIS GALE MEDICAL CENTER - AFFILIATE OF HCA PURPOSE: WORKFORCE INITIATIVE TO ADDRESS HEALTHCARE JOB RECRUITMENT, RETENTION AND EDUCATION. | $5,455 |
CENTRA SOUTHSIDE COMMUNITY HOSPITAL PURPOSE: WORKFORCE INITIATIVE TO ADDRESS HEALTHCARE JOB RECRUITMENT, RETENTION AND EDUCATION. | $5,619 |
SENTARA RMH MEDICAL CENTER PURPOSE: WORKFORCE INITIATIVE TO ADDRESS HEALTHCARE JOB RECRUITMENT, RETENTION AND EDUCATION. | $5,435 |