Sentara Princess Anne Hospital
- Assets
- $328.7m
- Revenue
- $317.0m
- Investments
- $0.0
- Employees
- 1,435
- Location
- Norfolk, VA
- Founding
- 07/2013
- Data as of
- 12/2019
- EIN
- 27-3208969
Organization Overview
Sentara Princess Anne Hospital is located in Norfolk, VA. The organization was established in 2013. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2019, Sentara Princess Anne Hospital employed 1,435 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2019, Sentara Princess Anne Hospital generated $317.0m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $268.1m during the year ending 12/2019. While expenses have increased by 4.2% per year over the past 5 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
AS PART OF SENTARA HEALTHCARE'S INTEGRATED HEALTH CARE SYSTEM, WE IMPROVE HEALTH EVERY DAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SENTARA PRINCESS ANNE HOSPITAL PROVIDES INPATIENT AND OUTPATIENT MEDICAL SERVICES THROUGH THE OPERATION OF A 174-BED ACUTE CARE HOSPITAL THAT SERVES SOUTHERN VIRGINIA BEACH, AS WELL AS THE NEIGHBORING CHESAPEAKE AND NORTHEASTERN NORTH CAROLINA COMMUNITIES. THE ORGANIZATION BRINGS QUALITY CLINICAL OUTCOMES, EXPERIENCED PHYSICIANS, AWARD WINNING PATIENT SAFETY INITIATIVES, ADVANCED TECHNOLOGY AND A PATIENT-CENTERED APPROACH TO CARE FOR PATIENTS. COMBINED WITH MORE THAN 100 PHYSICIANS AND SERVICES OFFERED ON THE MULTIPLE CAMPUS MEDICAL OFFICE BUILDINGS, SENTARA PRINCESS ANNE HOSPITAL IS A COMPREHENSIVE HEALTHCARE DESTINATION FOR THE COMMUNITY. THE HOSPITAL PROVIDED 114,489 ADJUSTED PATIENT DAYS OF CARE DURING 2019.SEE SCHEDULE O FOR MORE INFORMATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph J Legan Vp, Medical Affairs | 40 | $427,202 | |
Thomas Thames VP | Officer | 40 | $378,577 |
Leo J Deleon Ke (vp, Spa Finance) | Officer | 40 | $348,453 |
Terrence A Greenquist Clinical Pharmacist | 40 | $189,656 | |
Maria A Hall Rstr Clin Pharmacist Perm Evng | 40 | $186,326 | |
Thomas T Nguyen Mgr, Pharmacy | 40 | $183,954 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Siemens Medical System Medical Technologies & Services | 12/30/19 | $744,744 |
Total Renal Care Inc Dialysis Services | 12/30/19 | $816,874 |
Whiting Turner Contracting Company Construction | 12/30/19 | $1,026,048 |
Shared Hospital Services Linen Services | 12/30/19 | $1,229,484 |
Morrison Management Specialists Inc Food And Facilities Management | 12/30/19 | $879,039 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,410 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,410 |
| Total Program Service Revenue | $315,420,623 |
| Investment income | $1,547,682 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,759 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $316,996,474 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $98,365 |
| 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. | $1,442,520 |
| Compensation of current officers, directors, key employees. | $216,378 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $79,774,521 |
| Pension plan accruals and contributions | $6,180,769 |
| Other employee benefits | $9,604,032 |
| Payroll taxes | $5,806,267 |
| Fees for services: Management | $2,095,684 |
| Fees for services: Legal | $89,596 |
| Fees for services: Accounting | $180,505 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,910,117 |
| Advertising and promotion | $45,509 |
| Office expenses | $7,848,806 |
| Information technology | $1,127,898 |
| Royalties | $0 |
| Occupancy | $6,620,860 |
| Travel | $91,651 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,893 |
| Interest | $7,264,942 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,926,304 |
| Insurance | $1,011,310 |
| All other expenses | $4,397,059 |
| Total functional expenses | $268,094,590 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $94,050,007 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $45,957,579 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,513,187 |
| Prepaid expenses and deferred charges | $198,966 |
| Net Land, buildings, and equipment | $160,484,191 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $21,297,655 |
| Other assets | $2,221,965 |
| Total assets | $328,723,550 |
| Accounts payable and accrued expenses | $8,979,110 |
| 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 | $184,128,755 |
| Total liabilities | $193,107,865 |
| Net assets without donor restrictions | $135,587,372 |
| Net assets with donor restrictions | $28,313 |
| 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 | $328,723,550 |
Grants Awarded
Over the last fiscal year, Sentara Princess Anne Hospital has awarded $83,525 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
EASTERN VA MEDICAL SCHOOL PURPOSE: INDIGENT CARE | $69,525 |
Virginia Beach, VA PURPOSE: INDIGENT CARE | $14,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Sentara Princess Anne Hospital has recieved totaling $47,694.
| Awarding Organization | Amount |
|---|---|
Sentara Princess Anne Hospital Auxiliary Inc Virginia Beach, VA PURPOSE: GENERAL SUPPORT | $34,913 |
Sentara Princess Anne Hospital Auxiliary Inc Virginia Beach, VA PURPOSE: GENERAL SUPPORT | $12,781 |
Endowment Analysis
| Beg. Balance | $30,553 |
| Net Contributions | $10,375 |
| Other Expense | $12,615 |
| Ending Balance | $28,313 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
East Carolina Health Greenville, NC | $348,547,942 | $537,388,994 |
Upmc Western Maryland Corporation Cumberland, MD | $634,435,651 | $378,434,733 |
Summit Medical Group Inc Erlanger, KY | $131,881,432 | $357,405,081 |
Fort Sanders Regional Medical Center Knoxville, TN | $207,540,794 | $324,256,518 |
Sentara Princess Anne Hospital Norfolk, VA | $328,723,550 | $316,996,474 |
Kentuckyone Health Medical Group Inc Louisville, KY | $35,480,099 | $79,353,871 |
Sentara Enterprises Norfolk, VA | $44,996,490 | $130,918,686 |
Takoma Regional Hospital Inc Johnson City, TN | $80,385,908 | $92,327,999 |
Halifax Regional Medical Center Inc Roanoke Rapids, NC | $82,510,666 | $101,675,102 |
The Outer Bank Hospital Inc Greenville, NC | $86,217,811 | $98,572,551 |
Unc Rockingham Health Care Inc Eden, NC | $48,577,121 | $75,980,788 |
Charleston Hospital Inc Charleston, WV | $49,452,911 | $67,193,117 |