Bon Secours - St Mary's Hospital of Richmond Inc
DBA: St Mary's Hospital
ACUTE CARE HOSPITAL
IRS Tax Year 2019
Period ending December 31, 2019
Total Revenue
$249.4M
Total Expenses
$227.5M
Net Assets
$0
Employees
5,629
Volunteers
715
Grants Paid
$1.3M
Program Expense Ratio
80.0%
This nonprofit profile presents IRS Form 990 tax filing data for Bon Secours - St Mary's Hospital of Richmond Inc (EIN: 54-0793767), based on the 2019 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, top independent contractors, 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 - St Mary's Hospital of Richmond Inc is a 501(c)(3) nonprofit headquartered in Richmond, VA, founded in 1961. In its 2019 filing, the organization reported $249.4M in total revenue, and $227.5M in total expenses. The organization employed 5,629 people and engaged 715 volunteers. , Cardiac Surgeon, is the highest-compensated individual at $1,653,026. The organization runs 1 program, totaling $182.0M in program expenses. 4 of 6 recommended governance policies are in place.
Programs(Tax Year 2019)
1 record
Bon Secours - St Mary's Hospital of Richmond Inc operates 1 program, with total program expenses of $182.0M. Bon Secours - St Mary's Hospital of Richmond Inc's largest program accounts for 100% of total program spending.
St. Mary's Hospital provides medical care to patients without regard to their ability to pay. As the major community not for profit hospital in Richmond, St. Mary's is the access for under-insured and financially disadvantaged who will not be treated at the for profit hospitals. In addition, St. Mary's provides support for community services, shared services to related organizations to assist with furthering its mission of providing help to those in need, and an accredited 18-month radiography program through the Bon Secours St. Mary's Hospital School of Medical Imaging designed to prepare individuals to enter the workforce as Diagnostic Radiologic Technologists.
Financial Overview(Tax Years 2019–2019)
1 record
Bon Secours - St Mary's Hospital of Richmond Inc derives 0% from contributions and grants, with 95% from program services, with 3% from investment income.
Revenue is heavily concentrated: 95% comes from program service revenue, indicating limited diversification.
Bon Secours - St Mary's Hospital of Richmond Inc allocates 80% to programs, 20% to management and general.
Bon Secours - St Mary's Hospital of Richmond Inc distributed $1.3M in grants to other organizations and individuals, representing 1% of total expenses.
Bon Secours - St Mary's Hospital of Richmond 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 |
|---|---|---|---|---|---|
| 2019 | $249.4M | $643K | $0 | $236.6M | $6.7M |
Expenses
| Year | Total Expenses | Program | Management | Fundraising | Grants Paid |
|---|---|---|---|---|---|
| 2019 | $227.5M | $182.0M | $45.5M | $0 | $1.3M |
Program Expense Ratio
80.0%
Admin Expense Ratio
20.0%
Fundraising Efficiency
—
Operating Reserve
0.0 mo
People & Compensation(Tax Year 2019)
34 records
Bon Secours - St Mary's Hospital of Richmond Inc reported compensation for 34 officers and key employees. Total officer compensation was $10.7M, representing 4.7% of total expenses. 8 individuals received total compensation exceeding $500,000.
Bon Secours - St Mary's Hospital of Richmond Inc's highest-compensated individual received $1.7M in total compensation. Total officer compensation of $10.7M represents 4.7% of total expenses. 4 individuals received total compensation exceeding $1,000,000.
| Name | Title | Type | Hours/wk | Comp from Org | Related Orgs | Total |
|---|---|---|---|---|---|---|
| Cardiac Surgeon | Highest Comp | 50.00 | $1,637,830 | $0 | $1,653,026 | |
| Cardiologist | Highest Comp | 50.00 | $1,134,264 | $0 | $1,173,433 | |
| Cardiologist | Highest Comp | 50.00 | $1,065,471 | $0 | $1,089,404 | |
| Interim CEO - Richmond | OfficerDirector | 20.00 | $0 | $710,569 | $1,036,347 | |
| Physician | Highest Comp | 50.00 | $827,693 | $0 | $827,901 | |
| Cardiologist | Highest Comp | 50.00 | $780,669 | $0 | $815,263 | |
| Former CEO-BSV | Former | — | $0 | $593,293 | $610,093 | |
| Treasurer, CFO - Richmond Market | Officer | 8.00 | $457,872 | $0 | $513,972 | |
| CEO-SMH | Officer | 50.00 | $434,009 | $0 | $470,128 | |
| Former Key - VP Strategy; CEO - MRMC & RCH | Former | — | $0 | $377,868 | $469,269 | |
| Former SVP HR - Richmond | Former | — | $342,880 | $0 | $368,509 | |
| VP - Integration | Key Employee | 48.50 | $274,270 | $0 | $306,831 | |
| VP CNE | Key Employee | 50.00 | $269,563 | $0 | $304,704 | |
| Secretary | Officer | 37.50 | $241,551 | $0 | $284,375 | |
| President/CEO - Richmond | OfficerDirector | 2.00 | $0 | $246,696 | $281,175 | |
| VP HR - Richmond | Key Employee | 8.00 | $0 | $184,373 | $238,682 | |
| Former VP Orthopedics | Former | — | $0 | $208,176 | $209,682 | |
| Chairman | OfficerDirector | 2.00 | $0 | $0 | $0 | |
| President | OfficerDirector | 3.50 | $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 | |
| 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 | |
| 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 |
Compensation Breakdown
Schedule J detail — base, bonus, benefits, and executive perks
Toni Ardabell
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Faraaz Yousuf
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Brian White
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Stephan Quiriconi
Base Salary
$381,710
Bonus
$37,460
Other Reportable
$38,702
Retirement/Deferred
$34,785
Nontaxable Benefits
$21,315
Rhodes Ritenour
Base Salary
$228,211
Bonus
$13,113
Other Reportable
$227
Retirement/Deferred
$12,576
Nontaxable Benefits
$30,248
FRANCINE BARR
Base Salary
$371,794
Bonus
$34,644
Other Reportable
$27,571
Retirement/Deferred
$16,800
Nontaxable Benefits
$19,319
James McNamara
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
James Godwin
Base Salary
$253,061
Bonus
$25,668
Other Reportable
$64,151
Retirement/Deferred
$4,314
Nontaxable Benefits
$21,315
Leigh Sewell
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Paul Junod
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Kevin Sheppard
Base Salary
$258,457
Bonus
$14,688
Other Reportable
$1,125
Retirement/Deferred
$4,170
Nontaxable Benefits
$28,391
Eleanor LEAgue
Base Salary
$253,359
Bonus
$14,509
Other Reportable
$1,695
Retirement/Deferred
$11,326
Nontaxable Benefits
$23,815
Matthew Ngo MD
Base Salary
$745,109
Bonus
$388,691
Other Reportable
$464
Retirement/Deferred
$3,801
Nontaxable Benefits
$35,368
Mark Bladergroen MD
Base Salary
$598,177
Bonus
$447,468
Other Reportable
$19,826
Retirement/Deferred
$4,291
Nontaxable Benefits
$19,642
STEVEN FISER MD
Base Salary
$590,597
Bonus
$1,046,143
Other Reportable
$1,090
Retirement/Deferred
$3,907
Nontaxable Benefits
$11,289
SHAKIL KHAN MD
Base Salary
$538,298
Bonus
$241,907
Other Reportable
$464
Retirement/Deferred
$3,772
Nontaxable Benefits
$30,822
Khalid Karim MD
Base Salary
$521,796
Bonus
$305,179
Other Reportable
$718
Retirement/Deferred
—
Nontaxable Benefits
$208
Top Contractors(Tax Year 2019)
5 records
Bon Secours - St Mary's Hospital of Richmond Inc reported 5 contractors receiving over $100,000, with total contractor payments of $30.3M.
| Name | Service | Compensation |
|---|---|---|
| TRIMEDX INC | ASSET MANAGEMENT | $9,924,834 |
| MORRISON MGT SPECIALISTS | DIETARY MANAGEMENT | $6,469,461 |
| SOUND PHYSICIANS OF VA III | PHYSICIAN ADVISORY | $6,079,843 |
| US BANK CORPORATE TRUST (SHIFTWISE) | Contract Nursing | $4,108,603 |
| ENVERA HEALTH INC | HEALTHCARE CONSULTING | $3,765,753 |
Governance & Compliance(Tax Year 2019)
Bon Secours - St Mary's Hospital of Richmond Inc has 4 of 6 recommended governance policies in place, including conflict of interest, whistleblower, document retention. Its board has 17 members, 16 of whom are independent.
Bon Secours - St Mary's Hospital of Richmond Inc's financial statements are audited, an audit committee oversees the process, the organization is subject to a federal grant audit (Single Audit).
Policies & Oversight
Audit & Financial Oversight
Grants Awarded(Tax Year 2019)
11 records
Bon Secours - St Mary's Hospital of Richmond Inc awarded $1.3M across 10 grants to organizations. Top recipients include Bon Secours Richmond Healthcare Foundation (Richmond, VA) — $766K for mission support; VA Community Development Fund (Richmond, VA) — $150K for mission support; ProjectHomes (Richmond, VA) — $100K for mission support. The organization also provided grants to individuals (312 recipients) totaling $8K, including indigent cab fare.
Organization Grants
| Recipient | Location | Amount | Purpose |
|---|---|---|---|
| Bon Secours Richmond Healthcare Foundation541201346 | Richmond, VA | $766K | MISSION SUPPORT |
| VA Community Development Fund541914519 | Richmond, VA | $150K | MISSION SUPPORT |
| ProjectHomes541595851 | Richmond, VA | $100K | MISSION SUPPORT |
| Daily Planet HEALTH SERVICES540900368 | Richmond, VA | $98K | MISSION SUPPORT |
| SAARA of Virginia542056367 | Richmond, VA | $50K | MISSION SUPPORT |
| CrossOver Healthcare Ministry541371067 | Richmond, VA | $40K | MISSION SUPPORT |
| J Sargeant Reynolds Community College Educational Foundation Inc541130296 | Richmond, VA | $33K | MISSION SUPPORT |
| Richmond Academy of Medicine540356395 | Richmond, VA | $30K | MISSION SUPPORT |
| Ramsey Memorial United Methodoist540697088 | Richmond, VA | $8K | MISSION SUPPORT |
| St Augustine Catholic Church540940236 | N Chesterfield, VA | $5K | MISSION SUPPORT |
Grants to Individuals
| Type | Recipients | Amount |
|---|---|---|
| INDIGENT CAB FARE | 312 | $8K |
Filing History(Tax Years 1961–2019)
1 record
Showing the 1 Form 990 filing currently in our system.
| Tax Year | Form | Period | Revenue | Expenses | Net Assets |
|---|---|---|---|---|---|
| 2019 | 990 | 2019-09-01 – 2019-12-31 | $249.4M | $227.5M | $0 |
| 1961–2018 | No filings acquired yet | ||||
Frequently Asked Questions
What does Bon Secours - St Mary's Hospital of Richmond Inc do?
ACUTE CARE HOSPITAL
How much revenue does Bon Secours - St Mary's Hospital of Richmond Inc have?
Bon Secours - St Mary's Hospital of Richmond Inc reported $249,441,467 in total revenue for tax year 2019.
Who is the highest-paid executive at Bon Secours - St Mary's Hospital of Richmond Inc?
, Cardiac Surgeon, received $1,653,026 in total compensation as of tax year 2019.
Is Bon Secours - St Mary's Hospital of Richmond Inc a 501(c)(3)?
Yes, Bon Secours - St Mary's Hospital of Richmond Inc is classified as a 501(c)(3) tax-exempt organization.
Where is Bon Secours - St Mary's Hospital of Richmond Inc located?
Bon Secours - St Mary's Hospital of Richmond Inc is headquartered in Richmond, VA 23227.
How many employees does Bon Secours - St Mary's Hospital of Richmond Inc have?
Bon Secours - St Mary's Hospital of Richmond Inc has 5,629 employees and 715 volunteers as of tax year 2019.
Is Bon Secours - St Mary's Hospital of Richmond Inc audited?
Yes, Bon Secours - St Mary's Hospital of Richmond Inc's financial statements are audited, and the organization has an audit committee.
Does Bon Secours - St Mary's Hospital of Richmond Inc give grants?
Yes, Bon Secours - St Mary's Hospital of Richmond Inc distributed $1,296,372 in grants to other organizations and individuals in tax year 2019. Top recipients include Bon Secours Richmond Healthcare Foundation, VA Community Development Fund, ProjectHomes.
Data Source
Prepared by: PricewaterhouseCoopers LLP, Washington, DC
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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