Potomac Health Foundation
- Assets
- $105.6m
- Revenue
- $3.5m
- Investments
- $105.0m
- Employees
- 0
- Location
- Woodbridge, VA
- Founding
- 04/1984
- Data as of
- 12/2022
- EIN
- 52-1340920
Organization Overview
Potomac Health Foundation is located in Woodbridge, VA. The organization was established in 1984. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Potomac Health Foundation 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 12/2022, Potomac Health Foundation generated $3.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.4%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (18.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Potomac Health Foundation has awarded 943 individual grants totaling $53,065,079. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Liga Executive Director | 40 | $30,195 | |
Marion M Wall Chair | 4 | $0 | |
Carol S Shapiro MD MBA Vice-Chair | 4 | $0 | |
R Michael Sorensen Treasurer | 3 | $0 | |
Wayne Mallard Secretary | 2 | $0 | |
Paul Gaden Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sei Global Institutional Group | 10/30/18 | $596,085 |
Community Health Solutions Inc | 10/30/18 | $54,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $14 |
| Dividends & Interest | $781,733 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,704,342 |
| Capital Gain Net Income | $3,772,426 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,486,089 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $30,195 |
| Other employee salaries and wages | $30,417 |
| Pension plans, employee benefits | $13,941 |
| Interest | $0 |
| Taxes | $46,941 |
| Depreciation | $567 |
| Occupancy | $6,284 |
| Travel, conferences, and meetings | $2,929 |
| Printing and publications | $0 |
| Other expenses | $10,438 |
| Total operating and administrative expenses | $268,560 |
| Contributions, gifts, grants paid | $1,195,000 |
| Total expenses and disbursements | $1,463,560 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $286,722 |
| Net Accounts receivable | $89,717 |
| Net Pledges Receivable | $233,411 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $17,550 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $28,203,230 |
| Net Land, buildings, and equipment | $10,238 |
| Other assets | $0 |
| Total assets | $105,638,628 |
| Accounts payable and accrued expenses | $445,176 |
| Grants payable | $4,406,256 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $126,250 |
| Total liabilities | $4,977,682 |
Grants Awarded
Over the last fiscal year, Potomac Health Foundation has awarded $1,195,000 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
GEORGE MASON UNIVERSITY OFFICE OF SPONSORED PROGRAMS PURPOSE: OPERATING SUPPORT | $100,000 |
CATHOLIC CHARITIES ARLINGTON DIOCESE MOTHER OF MERCY FREE MEDICAL CLINIC PURPOSE: OPERATING SUPPORT | $120,000 |
LLOYD F MOSS FREE CLINIC PURPOSE: OPERATING SUPPORT | $124,000 |
NORTHERN VIRGINIA FAMILY SERVICE PURPOSE: KIDS CONNECT | $38,400 |
NOVA SCRIPTSCENTRAL INC PURPOSE: OPERATING SUPPORT | $184,000 |
GREATER PRINCE WILLIAM COMMUNITY HEALTH CENTER PURPOSE: OPERATING SUPPORT | $120,000 |