Sentara Healthcare
- Assets
- $4.9b
- Revenue
- $244.2m
- Investments
- $915.9m
- Employees
- 720
- Location
- Norfolk, VA
- Founding
- 01/1983
- Data as of
- 12/2019
- EIN
- 52-1271901
Organization Overview
Sentara Healthcare is located in Norfolk, VA. The organization was established in 1983. 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, Sentara Healthcare employed 720 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 Healthcare generated $244.2m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $170.2m during the year ending 12/2019. While expenses have increased by 1.7% 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.
Since 2014, Sentara Healthcare has awarded 361 individual grants totaling $64,703,693. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
AT SENTARA, WE IMPROVE HEALTH EVERY DAY.
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 |
|---|---|---|---|
Howard P Kern Pres/ceo/ex-Efficio Director | OfficerTrustee | 40 | $4,253,331 |
Robert A Broermann CFO | Officer | 40 | $1,674,648 |
Michael V Gentry COO | Officer | 40 | $1,524,592 |
Jordan R Asher Ke (shc SVP & Chief Physician Exec) | Officer | 40 | $1,403,090 |
Douglas L Chaet Former Ke (vp) | 0 | $1,259,149 | |
Jeffrey P King Secretary (thru 6/19) | Officer | 40 | $970,273 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nrc Health Management Consulting | 12/30/19 | $1,941,170 |
Pma Companies Commercial Insurance Underwriter | 12/30/19 | $2,614,754 |
Kpmg Llc Professional Services | 12/30/19 | $1,703,920 |
Korn Ferry Organizational Consulting | 12/30/19 | $2,018,156 |
Highland Assoc Inc Investment Mgmt Fees | 12/30/19 | $1,625,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $39,481,852 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,121,933 |
| Noncash contributions included in lines 1a–1f | $5,098 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,603,785 |
| Total Program Service Revenue | $142,798,210 |
| Investment income | $29,685,904 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,338,612 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $244,219,286 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,119,960 |
| Grants and other assistance to domestic individuals. | $151,744 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $16,697,455 |
| Compensation of current officers, directors, key employees. | $2,838,567 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $66,581,253 |
| Pension plan accruals and contributions | $7,122,111 |
| Other employee benefits | $3,830,803 |
| Payroll taxes | $4,710,624 |
| Fees for services: Management | $7,078,259 |
| Fees for services: Legal | $1,415,475 |
| Fees for services: Accounting | $1,755,348 |
| Fees for services: Lobbying | $87,497 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,129,592 |
| Fees for services: Other | $11,469,208 |
| Advertising and promotion | $10,011,138 |
| Office expenses | $577,195 |
| Information technology | $9,871,640 |
| Royalties | $0 |
| Occupancy | $2,151,673 |
| Travel | $1,058,669 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $360,136 |
| Interest | $9,723,805 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $741,690 |
| Insurance | $1,112,360 |
| All other expenses | -$2,036,591 |
| Total functional expenses | $170,154,577 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $656,410,370 |
| Pledges and grants receivable | $347,473 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $145,620,815 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,883,266 |
| Net Land, buildings, and equipment | $6,919,844 |
| Investments—publicly traded securities | $3,042,563,351 |
| Investments—other securities | $915,942,163 |
| Investments—program-related | $0 |
| Intangible assets | $3,030,531 |
| Other assets | $155,868,030 |
| Total assets | $4,932,585,843 |
| Accounts payable and accrued expenses | $367,427,373 |
| Grants payable | $9,903,449 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $1,333,152,312 |
| 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 | $506,206,483 |
| Total liabilities | $2,216,689,617 |
| Net assets without donor restrictions | $2,711,925,340 |
| Net assets with donor restrictions | $3,970,886 |
| 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 | $4,932,585,843 |
Grants Awarded
Over the last fiscal year, Sentara Healthcare has awarded $2,978,250 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: DEVELOP PROGRAMS TO ADDESS SOCIAL DETERMINANTS OF HEALTH | $1,000,000 |
Norfolk, VA PURPOSE: SPONSORSHIP / SUPPORT FOR VICTIMS OF VIGINIA BEACH TRAGEDY | $365,000 |
Richmond, VA PURPOSE: PROVIDE EDUCATION FOR ALL VIRGINIANS | $300,000 |
Williamsburg, VA PURPOSE: SUPPLEMENT EVENTS AND PROGRAMS | $250,000 |
Richmond, VA PURPOSE: SUPPORT FOR MEDICAID ENROLLMENT COUNSELORS | $125,000 |
Chesapeake, VA PURPOSE: BUILD HEALTHY, SPIRIT, MIND AND BODY | $100,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sentara Healthcare has recieved totaling $7,963.
| Awarding Organization | Amount |
|---|---|
United Way Of South Hampton Roads Norfolk, VA PURPOSE: GRANTS AWARDED | $7,963 |
Endowment Analysis
| Beg. Balance | $85,838,156 |
| Earnings | $16,161,589 |
| Net Contributions | $1,120,433 |
| Other Expense | $1,114,821 |
| Grants | $110,000 |
| Ending Balance | $101,895,357 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Valley Health System Winchester, VA | $1,549,813,292 | $971,556,673 |
Hh Medstar Health Inc Columbia, MD | $274,382,303 | $721,475,371 |
Appalachian Regional Healthcare Inc Lexington, KY | $1,267,201,787 | $817,287,479 |
Wellmont Health System Johnson City, TN | $425,394,041 | $662,198,822 |
Memorial Health Care System Inc Chattanooga, TN | $823,793,355 | $564,430,640 |
Owensboro Health Regional Hospital Owensboro, KY | $1,531,261,789 | $640,081,683 |
Virginia Hospital Center Arlington Health System Arlington, VA | $1,290,415,695 | $607,565,105 |
West Virginia University Medical Corporation Morgantown, WV | $214,506,096 | $531,045,841 |
The Johns Hopkins Health System Corporation Baltimore, MD | $2,389,436,473 | $474,651,056 |
Wheeling Hospital Inc Wheeling, WV | $414,256,506 | $408,674,029 |
Norton Healthcare Inc Louisville, KY | $1,935,993,288 | $427,562,803 |
Carilion Services Inc Roanoke, VA | $938,637,589 | $302,052,496 |