Sentara Hospitals
- Assets
- $2.2b
- Revenue
- $3.3b
- Investments
- $0.0
- Employees
- 16,781
- Location
- Virginia Beach, VA
- Founding
- 08/1990
- Data as of
- 12/2021
- EIN
- 54-1547408
Organization Overview
Sentara Hospitals is located in Virginia Beach, VA. The organization was established in 1990. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2023, Sentara Hospitals employed 16,781 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sentara Hospitals 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, Sentara Hospitals generated $3.3b in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $2.8b during the year ending 12/2021. While expenses have increased by 5.0% 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.
Since 2014, Sentara Hospitals has awarded 117 individual grants totaling $366,344,136. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
AS PART OF SENTARA HEALTH'S INTEGRATED HEALTH CARE SYSTEM, WE IMPROVE HEALTH EVERY DAY.
Describe the Organization's Program Activity:
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Howard P Kern Director/chairman (through 9/22) | OfficerTrustee | 2 | $0 |
Michael V Gentry Director/president | OfficerTrustee | 2 | $0 |
Robert A Broermann Director/treasurer | OfficerTrustee | 2 | $0 |
Dennis A Matheis Director/chairman (eff 9/22) | OfficerTrustee | 2 | $0 |
Teresa L Edwards Ke (corporate Vp) | Officer | 40 | $1,203,228 |
Genemarie W Mcgee Ke (cno) | Officer | 40 | $1,017,622 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Amn Healthcare Inc Healthcare Staffing Solutions | 12/30/22 | $55,168,953 |
Trimedx Clinical Asset Management | 12/30/22 | $35,950,806 |
Eastern Virginia Medical School Medical Professional Services | 12/30/22 | $34,589,305 |
Whiting Turner Contracting Company Construction | 12/30/22 | $32,834,987 |
Atlantic Anesthesia Medical Professional Services | 12/30/22 | $10,010,741 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $58,806,112 |
| Investment income | $2,373,228 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,077,651 |
| Net Gain/Loss on Asset Sales | -$6,009,496 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,320,206,945 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $367,279 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $7,808,190 |
| Compensation to disqualified persons | $93,745 |
| Other salaries and wages | $1,046,735,872 |
| Pension plan accruals and contributions | $101,693,524 |
| Other employee benefits | $114,706,472 |
| Payroll taxes | $76,770,354 |
| Fees for services: Management | $9,089,878 |
| Fees for services: Legal | $1,222,916 |
| Fees for services: Accounting | $410,776 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $345,870,699 |
| Advertising and promotion | $682,717 |
| Office expenses | $108,782,946 |
| Information technology | $77,108,493 |
| Royalties | $0 |
| Occupancy | $62,464,580 |
| Travel | $2,538,905 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $479,700 |
| Interest | $17,752,129 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $122,872,697 |
| Insurance | $8,713,940 |
| All other expenses | $0 |
| Total functional expenses | $2,773,247,940 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $172,257,591 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $109,409 |
| Accounts receivable, net | $461,647,044 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $303,913 |
| Inventories for sale or use | $73,248,598 |
| Prepaid expenses and deferred charges | $68,885,698 |
| Investments—publicly traded securities | $1,659,979 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $123,086,923 |
| Other assets | $178,439,613 |
| Total assets | $2,191,047,148 |
| Accounts payable and accrued expenses | $114,889,402 |
| Grants payable | $0 |
| Deferred revenue | $1,868,283 |
| 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 | $394,170,919 |
| Total liabilities | $510,928,604 |
| Net assets without donor restrictions | $1,665,702,575 |
| Net assets with donor restrictions | $14,415,969 |
| 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 | $1,680,118,544 |
Grants Awarded
Over the last fiscal year, Sentara Hospitals has awarded $43,394,375 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
EASTERN VIRGINIA MEDICAL SCHOOL PURPOSE: OPERATING FUND AND INDIGENT CARE | $18,076,052 |
SENTARA HEALTH PURPOSE: CORPORATE OVERHEAD ALLOCATIONS | $17,712,544 |
OLDE TOWNE MEDICAL CENTER PURPOSE: COMMUNITY HEALTH SUPPORT | $100,000 |
PENINSULA EMS COUNCIL PURPOSE: DONATION/SPONSORSHIP | $35,000 |
COLISEUM CENTRAL BUSINESS IMPROVEMENT PURPOSE: PROGRAM SUPPORT | $25,000 |
THE WILLIAMSBURG SYMPHONY ORCHESTRA PURPOSE: PROGRAM SUPPORT | $7,500 |