Bon Secours - Richmond Health System Inc
DBA: Bon Secours Virginia
BON SECOURS-RICHMOND HEALTH SYSTEM EXTENDS THE HEALING MINISTRY OF JESUS BY IMPROVING THE HEALTH AND WELL-BEING OF OUR COMMUNITIES AND BRING GOOD HELP TO THOSE IN NEED, ESPECIALLY PEOPLE WHO ARE POOR, DYING AND UNDERSERVED. BON SECOURS-RICHMOND HEALTH SYSTEM DEMONSTRATES BEHAVIORS REFLECTING OUR CORE VALUES OF HUMAN DIGNITY, INTEGRITY, COMPASSION, STEWARDSHIP, AND SERVICE.
IRS Tax Year 2023
Period ending December 31, 2023
Total Revenue
$2.0B
Total Expenses
$1.8B
Net Assets
$0
Employees
6,852
Volunteers
1,749
Grants Paid
$4.8M
Program Expense Ratio
91.3%
This nonprofit profile presents IRS Form 990 tax filing data for Bon Secours - Richmond Health System Inc (EIN: 52-1988421), based on the 2023 tax year annual return filed with the Internal Revenue Service.
Sections below include financial summaries (revenue, expenses, and net assets), program accomplishments, officer and key employee compensation, detailed executive pay breakdowns, governance policies and audit information, related tax-exempt organizations. All figures are reported in USD as filed.
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Financial Health
Transparency
Compensation
Program Effectiveness
Financial Stability
Risk Flags
Indicators derived from IRS Form 990 data. Not financial advice.
Bon Secours - Richmond Health System Inc is a 501(c)(3) nonprofit headquartered in Richmond, VA, founded in 1996. It is classified under NTEE code E21 (Community Health Systems), within the Healthcare category. The organization has held tax-exempt status since 2017. In its 2023 filing, the organization reported $2.0B in total revenue, a 8.2% increase from the prior year, and $1.8B in total expenses. The organization employed 6,852 people and engaged 1,749 volunteers. , Former Interim President - Richmond, is the highest-compensated individual at $2,430,814. The organization runs 2 programs, totaling $1.7B in program expenses. 5 of 6 recommended governance policies are in place.
Bon Secours - Richmond Health System Inc is classified under NTEE code E21 (Community Health Systems), which falls within the Healthcare category. Its foundation type is 12.
Programs(Tax Year 2023)
2 records
Bon Secours - Richmond Health System Inc operates 2 programs, with total program expenses of $1.7B. Bon Secours - Richmond Health System Inc's largest program accounts for 93% of total program spending.
BON SECOURS-RICHMOND HEALTH SYSTEM IS A MISSION-DRIVEN, NONPROFIT, CATHOLIC HEALTH SYSTEM. BON SECOURS-RICHMOND HEALTH SYSTEM OPERATES ACUTE CARE HOSPITALS, HOME HEALTH AGENCIES, AMBULATORY AGENCIES, AND OTHER HEALTHCARE ORGANIZATIONS. BON SECOURS-RICHMOND HEALTH SYSTEM SUPPORTS ITS subsidiary members in their effort to provide compassionate, quality healthcare services to those in need, including the poor and dying, for the purpose of alleviating human suffering and bringing people to wholeness in the midst of pain and loss.
THE FIVE HOSPITALS INCLUDED ON THIS RETURN EXTEND THE HEALING MINISTRY OF JESUS BY IMPROVING THE HEALTH AND WELL-BEING OF OUR COMMUNITIES AND BRINGING GOOD HELP TO THOSE IN NEEED, ESPECIALLY PEOPLE WHO ARE POOR, DYING AND UNDERSERVED. THIS IS ACCOMPLISHED BY DEMONSTRATING BEHAVIORS REFLECTING OUR CORE VALUES OF HUMAN DIGNITY, INTEGRITY, COMPASSION, STEWARDSHIP, AND SERVICE. TOTAL COMMUNITY BENEFIT PROVIDED IN 2023 WAS $64,779,681.
Financial Overview(Tax Years 2020–2023)
4 records
Over the past 4 years, Bon Secours - Richmond Health System Inc's revenue has grown from $1.6B to $2.0B, a 24.7% increase. Program expenses represent 91% of total spending.
Revenue increased 8.2% year-over-year, while expenses grew 6.4%. net assets fell to $0, down 100.0% from the prior year. the organization reduced headcount by 142 employees.
Bon Secours - Richmond Health System Inc derives 0% from contributions and grants, with 98% from program services, with 1% from investment income.
Revenue is heavily concentrated: 98% comes from program service revenue, indicating limited diversification.
Bon Secours - Richmond Health System Inc allocates 91% to programs, 8% to management and general.
Revenue grew by 8.2% and expenses grew by 6.4% year over year.
Bon Secours - Richmond Health System Inc distributed $4.8M in grants to other organizations and individuals, representing 0% of total expenses.
Over 4 filings from 2020–2023, Bon Secours - Richmond Health System Inc grew revenue from $1.6B to $2.0B (+24.7%) while maintaining a program expense ratio of 91%. During this period, the organization grew from 2,970 to 6,852 employees.
Bon Secours - Richmond Health System Inc holds $0 in total assets against $0 in liabilities. Cash and equivalents of $0 cover approximately 0.0 months of expenses.
Revenue
| Year | Total Revenue | Contributions | Gov't Grants | Program Revenue | Investment |
|---|---|---|---|---|---|
| 2023 | $2.0B | $5.9M | $60K | $2.0B | $13.5M |
| 2022 | $1.9B | $5.3M | $411K | $1.9B | $11.7M |
| 2021 | $1.9B | $23.1M | $14.8M | $1.9B | $33.4M |
| 2020 | $1.6B | $65.8M | $60.3M | $1.5B | $18.0M |
Expenses
| Year | Total Expenses | Program | Management | Fundraising | Grants Paid |
|---|---|---|---|---|---|
| 2023 | $1.8B | $1.7B | $145.1M | $0 | $4.8M |
| 2022 | $1.7B | $1.6B | $151.6M | $0 | $20.6M |
| 2021 | $1.6B | $1.3B | $327.2M | $0 | $4.0M |
| 2020 | $1.4B | $1.1B | $298.9M | $0 | $4.5M |
Program Expense Ratio
91.3%
Admin Expense Ratio
8.0%
Fundraising Efficiency
—
Operating Reserve
0.0 mo
People & Compensation(Tax Year 2023)
29 records
Bon Secours - Richmond Health System Inc reported compensation for 29 officers and key employees. Total officer compensation was $14.2M, representing 0.8% of total expenses. 12 individuals received total compensation exceeding $500,000.
Bon Secours - Richmond Health System Inc's highest-compensated individual received $2.4M in total compensation. Total officer compensation of $14.2M represents 0.8% of total expenses. 3 individuals received total compensation exceeding $1,000,000.
| Name | Title | Type | Hours/wk | Comp from Org | Related Orgs | Total |
|---|---|---|---|---|---|---|
| Former Interim President - Richmond | Former | — | $0 | $2,417,550 | $2,430,814 | |
| Chief Clinical Officer, BSMH | Director | 2.50 | $0 | $1,850,444 | $2,330,731 | |
| President/CEO - Richmond | OfficerDirector | 48.50 | $0 | $921,428 | $1,199,657 | |
| Former Chief Clinical Officer - Richmond | Former | — | $0 | $724,751 | $843,717 | |
| Hospital President - SFMC | Highest Comp | 50.00 | $718,422 | $0 | $776,517 | |
| CHIEF OPERATING OFFICER - RICHMOND | Key Employee | 50.00 | $654,760 | $0 | $739,712 | |
| Hospital President - SMH | Highest Comp | 50.00 | $631,942 | $0 | $696,226 | |
| Cardiologist | Highest Comp | 50.00 | $614,129 | $0 | $660,978 | |
| Chief Clinical Officer - Richmond | Key Employee | 50.00 | $607,941 | $0 | $648,495 | |
| FORMER CHIEF NURSING EXECUTIVE - RICHMOND | Former | — | $0 | $537,909 | $641,578 | |
| TREASURER/CFO - RICHMOND | Officer | 49.00 | $0 | $548,124 | $592,788 | |
| CHIEF SPONSORSHIP OFFICER | Director | 2.50 | $0 | $524,623 | $538,075 | |
| Hospital President - MRMC and RGH | Highest Comp | 50.00 | $456,108 | $0 | $492,604 | |
| CHIEF NURSING OFFICER - RICHMOND | Key Employee | 49.50 | $0 | $417,946 | $457,119 | |
| Chief Medical Officer of Ambulatory Care - Richmond | Highest Comp | 49.50 | $446,141 | $0 | $452,668 | |
| Secretary, VP External & Regulatory Affairs | Officer | 49.50 | $0 | $276,366 | $309,359 | |
| VP SERVICE LINE STRATEGY - RICHMOND | Key Employee | 49.00 | $229,705 | $0 | $254,074 | |
| FORMER VP HR - RICHMOND | Former | — | $0 | $145,306 | $162,123 | |
| Board Member | Director | 2.00 | $0 | $0 | $0 | |
| Board Member | Director | 2.00 | $0 | $0 | $0 | |
| Board Member | Director | 2.00 | $0 | $0 | $0 | |
| Board Member | Director | 2.00 | $0 | $0 | $0 | |
| Board Member | Director | 2.00 | $0 | $0 | $0 | |
| Board Member | Director | 2.00 | $0 | $0 | $0 | |
| Vice Chair | OfficerDirector | 2.00 | $0 | $0 | $0 | |
| Chairman | OfficerDirector | 2.00 | $0 | $0 | $0 | |
| Board Member | Director | 2.00 | $0 | $0 | $0 | |
| Board Member | Director | 2.00 | $0 | $0 | $0 | |
| Board Member | Director | 2.00 | $0 | $0 | $0 |
Compensation Breakdown
Schedule J detail — base, bonus, benefits, and executive perks
Paul Smith
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Michael Lutes
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Brian Yanofchick
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Wael Haidar MD
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
WILLIAM KUSNIERZ
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Rhodes Ritenour
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Paul Junod
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
MARK TOWNSEND
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Jill KENNEDY
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Christopher Accashian
Base Salary
$432,668
Bonus
$127,477
Other Reportable
$94,615
Retirement/Deferred
$52,460
Nontaxable Benefits
$32,492
RYAN STUHLREYER
Base Salary
$188,107
Bonus
$23,400
Other Reportable
$18,198
Retirement/Deferred
$3,168
Nontaxable Benefits
$21,201
BRENDA WOODCOCK
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Peter Charvat
Base Salary
$438,854
Bonus
$114,000
Other Reportable
$55,087
Retirement/Deferred
$39,837
Nontaxable Benefits
$717
Joseph Wilkins
Base Salary
$335,260
Bonus
$80,081
Other Reportable
$303,081
Retirement/Deferred
$30,320
Nontaxable Benefits
$27,775
Bryan Lee
Base Salary
$413,706
Bonus
$98,385
Other Reportable
$119,851
Retirement/Deferred
$36,321
Nontaxable Benefits
$27,963
Leanne Yanni MD
Base Salary
$297,019
Bonus
$40,207
Other Reportable
$108,915
Retirement/Deferred
$3,150
Nontaxable Benefits
$3,377
Denise DIETz
Base Salary
$488,737
Bonus
$77,446
Other Reportable
$47,946
Retirement/Deferred
$28,150
Nontaxable Benefits
$18,699
Donald Emery
Base Salary
$280,004
Bonus
$63,428
Other Reportable
$112,676
Retirement/Deferred
$26,195
Nontaxable Benefits
$10,301
Governance & Compliance(Tax Year 2023)
Bon Secours - Richmond Health System Inc has 5 of 6 recommended governance policies in place, including conflict of interest, whistleblower, document retention. Its board has 14 members, 11 of whom are independent.
Bon Secours - Richmond Health System Inc's financial statements are audited, an audit committee oversees the process.
Policies & Oversight
Audit & Financial Oversight
Grants Awarded(Tax Year 2023)
80 records
Bon Secours - Richmond Health System Inc awarded $4.7M across 78 grants to organizations. Top recipients include Retail Advancement Fund — $207K for mission support; CRISTO REY RICHMOND HIGH SCH — $185K for mission support; Bon Secours Mercy Health Foundation — $183K for mission support. The organization also provided grants to individuals (1,571 recipients) totaling $103K, including tuition assistance, medical transportation.
Organization Grants
| Recipient | Location | Amount | Purpose |
|---|---|---|---|
| Retail Advancement Fund843933913 | — | $207K | Mission Support |
| CRISTO REY RICHMOND HIGH SCH812742073 | — | $185K | Mission Support |
| Bon Secours Mercy Health Foundation201072726 | — | $183K | Mission Support |
| Commonwealth Catholic Charities540505877 | — | $175K | Mission Support |
| City of Richmond546001556 | — | $165K | Mission Support |
| ElderHomes Corporation541595851 | — | $155K | Mission Support |
| Cross Over Ministry Inc541371067 | — | $125K | Mission Support |
| YMCA of Greater Richmond540505986 | — | $125K | Mission Support |
| Area Congregations Together in Service453020788 | — | $100K | Mission Support |
| Childsavers-Memorial Child Guidance Clinic540505927 | — | $100K | Mission Support |
| The Maggie Walker Community Land Trust475629011 | — | $100K | Mission Support |
| Sacred Heart Center541590419 | — | $100K | Mission Support |
| Shalom Farms237136747 | — | $100K | Mission Support |
| Senior Connections The Capital Area Agency on Aging540950714 | — | $100K | Mission Support |
| Greater Richmond SCAN-Stop Child Abuse Now Inc541584969 | — | $95K | Mission Support |
| Daily Planet Health Services540900368 | — | $87K | Mission Support |
| Safe Harbor541950038 | — | $80K | Mission Support |
| Greater Richmond Aquatics Partnership274185518 | — | $80K | Mission Support |
| Health Brigade540927792 | — | $80K | Mission Support |
| NextUp RVA Inc474933093 | — | $80K | Mission Support |
Showing 20 of 78 grants.
Grants to Individuals
| Type | Recipients | Amount |
|---|---|---|
| Tuition Assistance | 210 | $53K |
| Medical Transportation | 1,361 | $50K |
Filing History(Tax Years 2017–2023)
4 records
Showing the 4 Form 990 filings currently in our system.
| Tax Year | Form | Period | Revenue | Expenses | Net Assets |
|---|---|---|---|---|---|
| 2023 | 990 | 2023-01-01 – 2023-12-31 | $2.0B | $1.8B | $0 |
| 2022 | 990 | 2022-01-01 – 2022-12-31 | $1.9B | $1.7B | $2.2B |
| 2021 | 990 | 2021-01-01 – 2021-12-31 | $1.9B | $1.6B | $2.1B |
| 2020 | 990 | 2020-01-01 – 2020-12-31 | $1.6B | $1.4B | $1.7B |
| 2017–2019 | No filings acquired yet | ||||
Frequently Asked Questions
What does Bon Secours - Richmond Health System Inc do?
BON SECOURS-RICHMOND HEALTH SYSTEM EXTENDS THE HEALING MINISTRY OF JESUS BY IMPROVING THE HEALTH AND WELL-BEING OF OUR COMMUNITIES AND BRING GOOD HELP TO THOSE IN NEED, ESPECIALLY PEOPLE WHO ARE POOR, DYING AND UNDERSERVED. BON SECOURS-RICHMOND HEALTH SYSTEM DEMONSTRATES BEHAVIORS REFLECTING OUR CORE VALUES OF HUMAN DIGNITY, INTEGRITY, COMPASSION, STEWARDSHIP, AND SERVICE.
How much revenue does Bon Secours - Richmond Health System Inc have?
Bon Secours - Richmond Health System Inc reported $2,045,591,727 in total revenue for tax year 2023, up 8.2% from the prior year.
Who is the highest-paid executive at Bon Secours - Richmond Health System Inc?
, Former Interim President - Richmond, received $2,430,814 in total compensation as of tax year 2023.
Is Bon Secours - Richmond Health System Inc a 501(c)(3)?
Yes, Bon Secours - Richmond Health System Inc is classified as a 501(c)(3) tax-exempt organization.
Where is Bon Secours - Richmond Health System Inc located?
Bon Secours - Richmond Health System Inc is headquartered in Richmond, VA 23227.
How many employees does Bon Secours - Richmond Health System Inc have?
Bon Secours - Richmond Health System Inc has 6,852 employees and 1,749 volunteers as of tax year 2023.
What type of nonprofit is Bon Secours - Richmond Health System Inc?
Bon Secours - Richmond Health System Inc is classified under NTEE code E21 (Community Health Systems), within the Healthcare category. It is a 501(c)(3) tax-exempt organization.
Is Bon Secours - Richmond Health System Inc audited?
Yes, Bon Secours - Richmond Health System Inc's financial statements are audited, and the organization has an audit committee.
Does Bon Secours - Richmond Health System Inc give grants?
Yes, Bon Secours - Richmond Health System Inc distributed $4,825,448 in grants to other organizations and individuals in tax year 2023. Top recipients include Retail Advancement Fund, CRISTO REY RICHMOND HIGH SCH, Bon Secours Mercy Health Foundation.
Data Source
Prepared by: PwC US Tax LLP
IRS Form 990 electronic filings via the IRS Exempt Organizations Business Master File. All financial figures are as reported in USD.
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