Tidalhealth Inc
- Assets
- $824.2m
- Revenue
- $125.6m
- Investments
- $0.0
- Employees
- 5,696
- Location
- Salisbury, MD
- Founding
- 05/1999
- Data as of
- 06/2022
- EIN
- 52-2132761
Organization Overview
Tidalhealth Inc is located in Salisbury, MD. The organization was established in 1999. 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 06/2022, Tidalhealth Inc employed 5,696 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tidalhealth Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE HEALTH OF THE COMMUNITIES WE SERVE.
Describe the Organization's Program Activity:
TO OWN AND INVEST IN HEALTH CARE ORGANIZATIONS ON THE DELMARVA PENINSULA IN ORDER TO IMPROVE THE HEALTH OF THE CITIZENS OF THE COMMUNITY WE SERVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Leonard President/ceo | OfficerTrustee | 1 | $1,001,906 |
Deborah Abbott Immediate Past Chairman | OfficerTrustee | 5 | $0 |
Ryan Mclaughlin Chairperson | OfficerTrustee | 2 | $0 |
David Rommel Secretary | OfficerTrustee | 2 | $0 |
Memo Diriker Treasurer | Trustee | 1 | $0 |
Timothy Benning MD Board Member | Trustee | 1 | $0 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $126,665,822 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,091,768 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $125,589,713 |
| 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. | $2,930,868 |
| Compensation of current officers, directors, key employees. | $175,852 |
| Compensation to disqualified persons | $43,383 |
| Other salaries and wages | $101,066,353 |
| Pension plan accruals and contributions | $3,582,327 |
| Other employee benefits | $9,173,375 |
| Payroll taxes | $5,320,516 |
| Fees for services: Management | $0 |
| 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 | $14,912,186 |
| Advertising and promotion | $0 |
| Office expenses | $4,720,633 |
| Information technology | $610,103 |
| Royalties | $0 |
| Occupancy | $4,713,019 |
| Travel | $58,744 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,391,829 |
| Insurance | $2,855,760 |
| All other expenses | $0 |
| Total functional expenses | $191,323,860 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,764,097 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,180,895 |
| Loans from Officers, Directors, or Controlling Persons | $4,282,981 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $276,764 |
| Prepaid expenses and deferred charges | $617,765 |
| Net Land, buildings, and equipment | $15,396,851 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $784,700,804 |
| Total assets | $824,220,157 |
| Accounts payable and accrued expenses | $35,206,661 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $97,559,835 |
| 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 | $1,420,961 |
| Total liabilities | $134,187,457 |
| Net assets without donor restrictions | $627,415,534 |
| Net assets with donor restrictions | $62,617,166 |
| 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 | $824,220,157 |