Virtua Willingboro Hospital Inc
- Assets
- $89.6m
- Revenue
- $110.7m
- Investments
- $0.0
- Employees
- 812
- Location
- Marlton, NJ
- Founding
- 12/1998
- Data as of
- 12/2021
- EIN
- 22-3612265
Organization Overview
Virtua Willingboro Hospital Inc is located in Marlton, NJ. The organization was established in 1998. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2021, Virtua Willingboro Hospital Inc employed 812 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virtua Willingboro Hospital Inc 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, Virtua Willingboro Hospital Inc generated $110.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $104.2m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO HELP THE COMMUNITY TO BE WELL, GET WELL AND STAY WELL.
Describe the Organization's Program Activity:
UNREIMBURSED MEDICAID - VIRTUA PROVIDED CARE TO MANY COMMUNITY MEMBERS THAT ARE INSURED UNDER MEDICAL ASSISTANCE PROGRAMS, INCLUDING THE STATE ADMINISTERED MEDICAID PROGRAM. REIMBURSEMENT FOR THESE PROGRAMS IS LESS THAN THE COST OF THE SERVICE PROVIDED BY APPROXIMATELY $6.7 MILLION, AS ESTIMATED BY MANAGEMENT. SERVICES ARE PROVIDED ON BOTH AN INPATIENT AND OUTPATIENT BASIS, INCLUDING THROUGH EMERGENCY DEPARTMENTS AND CLINICS.
SUBSIDIZED HEALTH SERVICES - VIRTUA WILLINGBORO IS WELL-REGARDED FOR ITS BEHAVIORAL HEALTH PROGRAM, INCLUDING PSYCHIATRIC CRISIS SERVICES AND A COMPLETE RANGE OF SERVICE FOR PATIENTS WHO NEED TO BE HOSPITALIZED, INCLUDING LIVING SPRINGS AT LOURDES, A UNIQUE VOLUNTARY INPATIENT PROGRAM DESIGNED TO ACCOMMODATE THE BEHAVIORAL HEALTH NEEDS OF OUR SERVICEMEN AND WOMEN, VETERANS, SPOUSES AND ADULT DEPENDENTS.
MEDICAL EDUCATION - VIRTUA WILLINGBORO HOSPITAL SPECIALIZES IN ORTHOPEDIC, VASCULAR, GENERAL, COLORECTAL AND UROLOGIC SURGERY. THE HOSPITAL IS WELL-REGARDED FOR BEHAVIORAL HEALTH, GASTROENTEROLOGY AND WOUND CARE. OUR INTERNS AND RESIDENT EDUCATION PROGRAMS HELP DEVELOP AND TRAIN LEADERS IN MEDICINE. VIRTUA'S RESIDENCY (OBSTETRICS AND GYNECOLOGY, FAMILY MEDICINE, PHARMACY, AND PODIATRY) AND FELLOWSHIP (CARDIOLOGY) PROGRAMS ARE DEDICATED TO PROVIDE REWARDING EXPERIENCES.
ADDITIONAL COMMUNITY BENEFIT, SUCH AS:FINANCIAL ASSISTANCE AT COST:EXPENSE OF $1,726,028REVENUE OF $1,279,307COMMUNITY HEALTH IMPROVEMENT SERVICES AND COMMUNITY BENEFIT OPERATIONS:EXPENSE OF $186,542REVENUE OF $8,623RESEARCH: PERFORMED ONCOLOGY CLINICAL RESEARCH STUDIES:EXPENSE OF $35,116REVENUE OF $3,172FINANCIAL AND IN-KIND CONTRIBUTIONS: PROVIDED CONTRIBUTIONS TO NON-PROFIT COMMUNITIES AND ORGANIZATIONS AND MEDICAL SUPPLIES TO FAMILIES IN NEED:EXPENSE OF $21,657REVENUE OF $72COMMUNITY BUILDING ACTIVITIES: HELD EVENTS THROUGHOUT THE YEAR TO FEED AND PROVIDE PRESENTS TO MANY FAMILIES IN NEED:EXPENSES OF $84,658REVENUE OF $53,118MEDICAID ENROLLMENT ASISTANCE:EXPENSES OF $252,728PROVIDING FUNCTIONAL PATIENT SERVICES FOR THE HOSPITAL:EXPENSES OF $47,543,393REVENUE OF $79,506,664
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debra Krichling Director Pharmacy | 40 | $206,421 | |
Kathleen Ward Registered Nurse | 40 | $205,048 | |
Pravinkumar K Mashru Physician | 40 | $196,626 | |
Corazon L Ragasa Registered Nurse | 40 | $187,398 | |
Dennis Hunter Avp Patient Care Services | 40 | $181,336 | |
Dennis W Pullin President/ceo | OfficerTrustee | 0.2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Grant Facility Management Maintenance Services | 6/29/19 | $2,605,786 |
Deborah Heart & Lung Center Health Care Services | 6/29/19 | $2,176,221 |
Strive Physical Therapy And Sp Health Care Services | 6/29/19 | $2,078,147 |
Rancocas Anesthesiology Pa Health Care Services | 6/29/19 | $1,325,966 |
Total Renal Care Inc Health Care Services | 6/29/19 | $874,610 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $42,017 |
| All other contributions, gifts, grants, and similar amounts not included above | $208 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,225 |
| Total Program Service Revenue | $110,312,575 |
| Investment income | $21,271 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $110,694,930 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $38,793,295 |
| Pension plan accruals and contributions | $1,367,905 |
| Other employee benefits | $4,749,202 |
| Payroll taxes | $2,911,264 |
| Fees for services: Management | $1,476,382 |
| Fees for services: Legal | $0 |
| 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 | $12,599,785 |
| Advertising and promotion | $0 |
| Office expenses | $4,159,800 |
| Information technology | $84,906 |
| Royalties | $0 |
| Occupancy | $1,655,851 |
| Travel | $745 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $132,554 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,705,976 |
| Insurance | $0 |
| All other expenses | $202,265 |
| Total functional expenses | $104,226,852 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,615 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,971,912 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $796,279 |
| Prepaid expenses and deferred charges | $201,797 |
| Net Land, buildings, and equipment | $70,419,329 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $49,834 |
| Other assets | $2,136,533 |
| Total assets | $89,579,299 |
| Accounts payable and accrued expenses | $9,872,232 |
| 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 | $70,392,920 |
| Total liabilities | $80,265,152 |
| Net assets without donor restrictions | $9,237,055 |
| Net assets with donor restrictions | $77,092 |
| 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 | $89,579,299 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Virtua Willingboro Hospital Inc has recieved totaling $7,087.
| Awarding Organization | Amount |
|---|---|
Our Lady Of Lourdes Health Foundation Marlton, NJ PURPOSE: TO SUPPORT THE PROGRAMS OF HOSPITAL. | $7,087 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Presbyterian Medical Center Of The University Of Pennsylvania Health Philadelphia, PA | $864,132,692 | $1,007,924,819 |
Newyork-Presbyterian-Queens Flushing, NY | $898,800,022 | $913,594,490 |
New York-Presbyterian Brooklyn Methodist Brooklyn, NY | $1,733,884,296 | $932,635,722 |
Abington Memorial Hospital Philadelphia, PA | $948,017,930 | $858,404,541 |
Englewood Hospital And Medical Center A New Jersey Nonprofit Corp Englewood, NJ | $770,563,796 | $890,451,423 |
Inspira Medical Centers Inc Bridgeton, NJ | $1,997,035,403 | $960,599,521 |
Valley Hospital Inc Ridgewood, NJ | $2,214,086,950 | $1,000,529,103 |
St Francis Hospital Roslyn, NY | $1,505,143,319 | $834,224,682 |
Virtu-West Jersey Health System Inc Marlton, NJ | $2,706,789,713 | $1,000,808,483 |
Bronxcare Health System Bronx, NY | $743,333,524 | $835,076,495 |
United Health Services Hospitals Inc Binghamton, NY | $821,708,896 | $773,726,450 |
Bayhealth Medical Center Inc Dover, DE | $1,592,804,671 | $861,509,299 |