Childrens Health System Inc
- Assets
- $117.2m
- Revenue
- $30.3m
- Investments
- $0.0
- Employees
- 50
- Location
- Norfolk, VA
- Founding
- 10/1994
- Data as of
- 06/2020
- EIN
- 54-1278830
Organization Overview
Childrens Health System Inc is located in Norfolk, VA. The organization was established in 1994. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 06/2020, Childrens Health System Inc employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2020, Childrens Health System Inc generated $30.3m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $45.4m during the year ending 06/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
CHILDREN'S HEALTH SYSTEM IS A MULTI- SPECIALTY HEALTH SYSTEM SERVING SOUTHEASTERN VIRGINIA AND NORTHEASTERN NORTH CAROLINA. SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HEALTH SYSTEM PROVIDED LONG RANGE PLANNING, MANAGEMENT AND SUPPORT SERVICES FOR ITS SUBSIDIARIES IN FURTHERANCE OF THEIR MISSIONS.
CONTINUING MEDICAL EDUCATION PROGRAMS FOR COMMUNITY PHYSICIANS AND SUPPORT SERVICES FOR ITS SUBSIDIARY CORPORATIONS IN THE FURTHERANCE OF THEIR MISSIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James D Dahling President/director | OfficerTrustee | 41 | $8,782,799 |
Dennis Ryan Cfo/asst Treas/assist Secr | Officer | 41 | $2,903,667 |
Sherri Matson VP General Counsel | Officer | 40 | $2,702,873 |
Deborah Barnes VP - Is Operations | 40 | $1,121,596 | |
John Harding Chief Operating Officer | 40 | $677,910 | |
Amy Sampson Chief Engagement/innovation Of | Officer | 40 | $460,829 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Taylor Waste Service Llc Waste Removal | 6/29/20 | $290,868 |
Kpmg Llp Accounting | 6/29/20 | $419,260 |
Davis Company Advertising | 6/29/20 | $1,207,439 |
Wilcox Savage Legal | 6/29/20 | $285,073 |
Syr Inc Mgmt & Wf Fee | 6/29/20 | $7,618,935 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $7,000,000 |
| 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 | $7,000,000 |
| Total Program Service Revenue | $20,285,824 |
| Investment income | $270,818 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $447,310 |
| Net Gain/Loss on Asset Sales | $434,193 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,308,350 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $30,331,259 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,800,000 |
| 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. | $2,557,453 |
| Compensation of current officers, directors, key employees. | $2,155,570 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,148,220 |
| Pension plan accruals and contributions | $4,776,127 |
| Other employee benefits | $614,547 |
| Payroll taxes | $341,520 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $800,595 |
| Fees for services: Accounting | $406,030 |
| Fees for services: Lobbying | $350,293 |
| Fees for services: Fundraising | $1,100 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,090,203 |
| Advertising and promotion | $1,520,022 |
| Office expenses | $205,975 |
| Information technology | $142,467 |
| Royalties | $0 |
| Occupancy | $155,338 |
| Travel | $53,870 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $43,333 |
| Interest | $1,173,651 |
| Payments to affiliates | $12,348,055 |
| Depreciation, depletion, and amortization | $30,797 |
| Insurance | $961,311 |
| All other expenses | $0 |
| Total functional expenses | $45,415,561 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,241,258 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $20,950 |
| Prepaid expenses and deferred charges | $488,191 |
| Net Land, buildings, and equipment | $50,732,549 |
| Investments—publicly traded securities | $6,509,531 |
| Investments—other securities | $0 |
| Investments—program-related | $3,749,164 |
| Intangible assets | $0 |
| Other assets | $50,450,548 |
| Total assets | $117,192,191 |
| Accounts payable and accrued expenses | $5,735,201 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $48,580,713 |
| 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 | $37,869,893 |
| Total liabilities | $92,185,807 |
| Net assets without donor restrictions | $25,006,384 |
| Net assets with donor restrictions | $0 |
| 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 | $117,192,191 |
Grants Awarded
Over the last fiscal year, Childrens Health System Inc has awarded $1,110,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Norfolk, VA PURPOSE: Support Mission | $1,100,000 |
Norfolk, VA PURPOSE: COMMUNICATE MISSION | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Childrens Health System Inc has recieved totaling $14,000,000.
| Awarding Organization | Amount |
|---|---|
Childrens Hospital Of The Kings Daughters Inc Norfolk, VA PURPOSE: GENERAL SUPPORT | $7,000,000 |
Childrens Hospital Of The Kings Daughters Inc Norfolk, VA PURPOSE: GENERAL SUPPORT | $7,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Intrahealth International Inc Chapel Hill, NC | $18,708,828 | $88,469,930 |
Moses Cone Medical Services Inc Greensboro, NC | $40,723,963 | $77,078,951 |
Sheet Metal Workers National Health Fund Goodlettsville, TN | $53,931,008 | $71,180,995 |
Norton Properties Inc Louisville, KY | $305,285,005 | $46,820,195 |
West Virginia University Hospitals East Inc Martinsburg, WV | $5,218,408 | $59,254,682 |
Inova Health System Foundation Falls Church, VA | $5,727,201,448 | $821,639,394 |
United Food & Commercial Workers Empl Health & Welfare Pl & Tr Cordova, TN | $14,815,999 | $37,656,461 |
Childrens Health System Inc Norfolk, VA | $117,192,191 | $30,331,259 |
Bricklayers And Allied Craftworkers International Health Fund Washington, DC | $27,694,604 | $45,254,713 |
United Food And Commercial Workers Union Local 227 & Employees Health Louisville, KY | $38,181,012 | $45,889,466 |
Childrens Hospital And Healthcare Services Foundation Richmond, VA | $236,826,462 | $27,288,917 |
Carolina Medicorp Enterprises Inc Winston Salem, NC | $21,626,892 | $25,296,771 |