Sentara Enterprises
- Assets
- $56.7m
- Revenue
- $135.3m
- Investments
- $0.0
- Employees
- 838
- Location
- Norfolk, VA
- Founding
- 04/1999
- Data as of
- 12/2020
- EIN
- 54-1917649
Organization Overview
Sentara Enterprises is located in Norfolk, VA. The organization was established in 1999. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2021, Sentara Enterprises employed 838 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sentara Enterprises 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 12/2020, Sentara Enterprises generated $135.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $135.1m during the year ending 12/2020. While expenses have increased by 0.0% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
AS PART OF SENTARA HEALTHCARE'S INTEGRATED HEALTH CARE ORGANIZATION, WE IMPROVE HEALTH EVERYDAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael W Mounie Ke (vp, Operations & Finance - Se) | Officer | 40 | $309,193 |
James R Schwamburger Director, Pharmacy Ops. Se | Officer | 40 | $239,310 |
Kim S Bradley Ke (vp Chief Nurse Executive - Se) | Officer | 40 | $221,382 |
Earl D Morris Manager, Pharmacy | 40 | $197,041 | |
Sherry L Kesler Dir, Home Health | 40 | $169,367 | |
Laura E Borowski Team Coordinator, Pharmacy | 40 | $166,005 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wellsky Financial Services Healthcare Management Consulting | 12/30/21 | $1,000,760 |
R G Electric Co Inc Electrical Services | 12/30/21 | $636,490 |
Strategic Healthcare Programs Llc Software Managemnt Services | 12/30/21 | $175,527 |
Dexcomm Communication Services | 12/30/21 | $157,750 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,755,566 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,251 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,766,817 |
| Total Program Service Revenue | $131,074,288 |
| Investment income | $104,865 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $51,288 |
| Net Gain/Loss on Asset Sales | $127,677 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $135,301,315 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $517,038 |
| 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. | $601,275 |
| Compensation of current officers, directors, key employees. | $96,204 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $56,238,890 |
| Pension plan accruals and contributions | $5,685,815 |
| Other employee benefits | $6,038,796 |
| Payroll taxes | $4,049,781 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $37,356 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,821,370 |
| Advertising and promotion | $37,103 |
| Office expenses | $3,868,310 |
| Information technology | $600,415 |
| Royalties | $0 |
| Occupancy | $2,286,380 |
| Travel | $1,672,734 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,890 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,268,948 |
| Insurance | $1,565,406 |
| All other expenses | $453,686 |
| Total functional expenses | $135,127,446 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $633,180 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $29,624,676 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $25,891 |
| Inventories for sale or use | $3,518,741 |
| Prepaid expenses and deferred charges | $153,641 |
| Net Land, buildings, and equipment | $8,663,746 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $12,293,941 |
| Other assets | $1,801,609 |
| Total assets | $56,715,425 |
| Accounts payable and accrued expenses | $4,000,307 |
| Grants payable | $0 |
| Deferred revenue | $973,019 |
| 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 | $17,291,220 |
| Total liabilities | $22,264,546 |
| Net assets without donor restrictions | $34,210,209 |
| Net assets with donor restrictions | $240,670 |
| 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 | $56,715,425 |
Grants Awarded
Over the last fiscal year, Sentara Enterprises has awarded $1,476,171 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Norfolk, VA PURPOSE: CORPORATE ALLOCATION TO PARENT | $1,466,171 |
Williamsburg, VA PURPOSE: WEBSITE REDESIGN | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sentara Enterprises has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
Sentara Healthcare Norfolk, VA PURPOSE: SENTARA HOSPICE HOUSE FUNDING | $100,000 |
Endowment Analysis
| Beg. Balance | $240,670 |
| Admin Expense | $91 |
| Net Contributions | $24,446 |
| Ending Balance | $265,025 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
East Carolina Health Greenville, NC | $372,124,980 | $578,861,650 |
Summit Medical Group Inc Erlanger, KY | $190,205,942 | $425,285,378 |
Fort Sanders Regional Medical Center Knoxville, TN | $273,614,041 | $362,235,984 |
Upmc Western Maryland Corporation Cumberland, MD | $700,315,252 | $389,297,426 |
Sentara Princess Anne Hospital Norfolk, VA | $369,930,510 | $308,894,271 |
Kentuckyone Health Medical Group Inc Louisville, KY | $34,581,254 | $84,338,188 |
Sentara Enterprises Norfolk, VA | $56,715,425 | $135,301,315 |
Takoma Regional Hospital Inc Johnson City, TN | $67,567,737 | $101,642,721 |
Halifax Regional Medical Center Inc Roanoke Rapids, NC | $82,510,666 | $101,675,102 |
The Outer Bank Hospital Inc Greenville, NC | $114,163,426 | $117,236,071 |
St Josephs Hospital Of Buckhannon Inc Buckhannon, WV | $76,723,048 | $91,224,270 |
Unc Rockingham Health Care Inc Eden, NC | $39,584,223 | $64,914,459 |