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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Name Not Listed Interim CEO - Richmond (end 12/19) | OfficerTrustee | 5 | $0 |
Name Not Listed President/ceo - Richmond (beg 12/19) | OfficerTrustee | 2 | $0 |
Name Not Listed Chairman | OfficerTrustee | 2 | $0 |
Name Not Listed President | OfficerTrustee | 5 | $0 |
Name Not Listed Board Member | Trustee | 2 | $0 |
Name Not Listed Board Member (end 12/19) | Trustee | 2 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Athenahealth Inc Physician Billing Service | 12/30/19 | $5,766,646 |
Trimedx Inc Clinical Asset Management | 12/30/19 | $5,185,622 |
Us Bank Corporate Trust (Shiftwise) Contract Nursing | 12/30/19 | $8,498,333 |
Morrison Mgt Specialists Dietary Services | 12/30/19 | $4,856,399 |
Primedoc Of Richmond Pc Physician Services | 12/30/19 | $4,431,753 |
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 |