Bon Secours Memorial Regional Medical Center Llc
- Assets
- $0.0
- Revenue
- $143.8m
- Investments
- $0.0
- Employees
- 2,287
- Location
- Richmond, VA
- Founding
- 03/1995
- Data as of
- 12/2019
- EIN
- 54-1744931
Organization Overview
Bon Secours Memorial Regional Medical Center Llc is located in Richmond, VA. The organization was established in 1995. 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 12/2019, Bon Secours Memorial Regional Medical Center Llc employed 2,287 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bon Secours Memorial Regional Medical Center Llc 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 12/2019, Bon Secours Memorial Regional Medical Center Llc generated $143.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (17.9%) each year. All expenses for the organization totaled $138.3m during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (18.0%) per year over the past 5 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
ACUTE CARE HOSPITAL
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE HEALTH AND WELLNESS FOR THE SURROUNDING COMMUNITY THROUGH A HOLISTIC APPROACH. SERVICES ARE PROVIDED TO ALL REGARDLESS OF THEIR SOCIO-ECONOMIC STATUS IN VARIOUS HEALTHCARE SETTINGS INCLUDING A HOSPITAL, MEDICAL OFFICE, AND AT HOME. BON SECOURS MEMORIAL COLLEGE OF NURSING PROVIDES COMPASSIONATE CARE TO THOSE IN NEED, AND EXTENDS THIS MISSION BY EDUCATING NURSES IN A SPIRIT OF ACADEMIC AND CLINICAL EXCELLENCE TO SERVICE OUR COMMUNITY WITH GENUINE COMPASSION AND THE HIGHEST CLINICAL STANDARDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Former Ceo-Bsv | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Us Bank Corporate Trust (Shiftwise) Contract Nursing | 12/30/19 | $8,498,333 |
Athenahealth Inc Physician Billing Service | 12/30/19 | $5,766,646 |
Morrison Mgt Specialists Dietary Services | 12/30/19 | $4,856,399 |
Trimedx Inc Clinical Asset Management | 12/30/19 | $5,185,622 |
Primedoc Of Richmond Pc Physician Services | 12/30/19 | $4,431,753 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $217,803 |
| Government grants | $0 |
| 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 | $217,803 |
| Total Program Service Revenue | $142,207,268 |
| Investment income | $386,207 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $83,879 |
| Net Gain/Loss on Asset Sales | $118,200 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $143,789,803 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $33,075 |
| Grants and other assistance to domestic individuals. | $12,116 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $697,077 |
| Compensation of current officers, directors, key employees. | $69,708 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $37,635,026 |
| Pension plan accruals and contributions | $1,980,104 |
| Other employee benefits | $4,813,903 |
| Payroll taxes | $2,742,066 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $5,449 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $45,041,169 |
| Advertising and promotion | $23,187 |
| Office expenses | $398,998 |
| Information technology | $78,241 |
| Royalties | $0 |
| Occupancy | $3,845,973 |
| Travel | $167,841 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $28,122 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,368,488 |
| Insurance | $765,498 |
| All other expenses | $770,452 |
| Total functional expenses | $138,281,721 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $0 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Bon Secours Memorial Regional Medical Center Llc has recieved totaling $224,658.
| Awarding Organization | Amount |
|---|---|
Bon Secours Richmond Healthcare Foundation Foundation Richmond, VA PURPOSE: Mission Support | $216,158 |
Lifenet Foundation Virginia Beach, VA PURPOSE: Donor Family Services | $8,500 |
Endowment Analysis
| Beg. Balance | $120,000 |
| Ending Balance | $120,000 |
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 |