Bon Secours - St Francis Medical Center Inc
Acute Care Hospital
IRS Tax Year 2019
Period ending December 31, 2019
Total Revenue
$100.9M
Total Expenses
$94.3M
Net Assets
$0
Employees
1,671
Volunteers
330
Grants Paid
$21K
Program Expense Ratio
79.0%
This nonprofit profile presents IRS Form 990 tax filing data for Bon Secours - St Francis Medical Center Inc (EIN: 31-1716973), 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 Francis Medical Center Inc is a 501(c)(3) nonprofit headquartered in Richmond, VA, founded in 1999. In its 2019 filing, the organization reported $100.9M in total revenue, and $94.3M in total expenses. The organization employed 1,671 people and engaged 330 volunteers. , Interim CEO - Richmond, is the highest-compensated individual at $1,036,347. The organization runs 1 program, totaling $74.5M in program expenses. 4 of 6 recommended governance policies are in place.
Programs(Tax Year 2019)
1 record
Bon Secours - St Francis Medical Center Inc operates 1 program, with total program expenses of $74.5M. Bon Secours - St Francis Medical Center Inc's largest program accounts for 100% of total program spending.
Bon Secours - St. Francis Medical Center, Inc. provides patient service in order to bring compassion to healthcare and to be good help to those in need by providing healthcare services. Please refer to the Community Benefit information on Schedule H. The Virginia Commonwealth University (VCU) affiliated Bon Secours St. Francis Family Medicine opened its doors in August 2005 and is fully accredited by the Accreditation Council for Graduate Medical Education. Bon Secours has built a program that creates family physicians and serves western Chesterfield county and surrounding areas in suburban Richmond, Virginia.
Financial Overview(Tax Years 2019–2019)
1 record
Bon Secours - St Francis Medical Center Inc derives 0% from contributions and grants, with 99% from program services, with 0% from investment income.
Revenue is heavily concentrated: 99% comes from program service revenue, indicating limited diversification.
Bon Secours - St Francis Medical Center Inc allocates 79% to programs, 21% to management and general.
Bon Secours - St Francis Medical Center Inc distributed $21K in grants to other organizations and individuals, representing 0% of total expenses.
Bon Secours - St Francis Medical Center 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 | $100.9M | $51K | $1K | $99.8M | $130K |
Expenses
| Year | Total Expenses | Program | Management | Fundraising | Grants Paid |
|---|---|---|---|---|---|
| 2019 | $94.3M | $74.5M | $19.8M | $0 | $21K |
Program Expense Ratio
79.0%
Admin Expense Ratio
21.0%
Fundraising Efficiency
—
Operating Reserve
0.0 mo
People & Compensation(Tax Year 2019)
37 records
Bon Secours - St Francis Medical Center Inc reported compensation for 37 officers and key employees. Total officer compensation was $10.2M, representing 10.9% of total expenses. 10 individuals received total compensation exceeding $500,000.
Bon Secours - St Francis Medical Center Inc's highest-compensated individual received $1.0M in total compensation. Total officer compensation of $10.2M represents 10.9% of total expenses. 1 individual received total compensation exceeding $1,000,000.
| Name | Title | Type | Hours/wk | Comp from Org | Related Orgs | Total |
|---|---|---|---|---|---|---|
| Interim CEO - Richmond | OfficerDirector | 5.00 | $0 | $710,569 | $1,036,347 | |
| Oncologist | Highest Comp | 50.00 | $880,088 | $0 | $924,958 | |
| General Surgeon | Highest Comp | 50.00 | $746,522 | $0 | $784,000 | |
| Oncologist | Highest Comp | 50.00 | $734,737 | $0 | $777,946 | |
| Physician | Highest Comp | 50.00 | $667,513 | $0 | $712,367 | |
| Obstetrician | Highest Comp | 50.00 | $668,651 | $0 | $710,098 | |
| Former CEO-BSV | Former | — | $0 | $593,293 | $610,093 | |
| Former Interim CEO - SFMC; Chief Clinical Officer - Richmond | Former | — | $0 | $486,187 | $551,613 | |
| CEO - SFMC & CHC | Officer | 25.00 | $0 | $494,801 | $545,149 | |
| Treasurer, CFO - Richmond Market | Officer | 8.00 | $0 | $457,872 | $513,972 | |
| Former CEO - SFMC | Former | — | $0 | $449,681 | $477,650 | |
| Former Key - VP Strategy; CEO - MRMC & RCH | Former | — | $0 | $377,868 | $469,269 | |
| Former SVP HR - Richmond | Former | — | $0 | $342,880 | $368,509 | |
| Former Interim CEO - SFMC | Former | — | $0 | $274,270 | $306,831 | |
| Secretary | Officer | 2.00 | $0 | $241,551 | $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 CMO - SFMC | Former | — | $215,124 | $0 | $225,837 | |
| VP - Patient Care | Key Employee | 50.00 | $180,927 | $0 | $211,116 | |
| Former VP Orthopedics | Former | — | $0 | $208,176 | $209,682 | |
| Board Member | Director | 2.00 | $0 | $0 | $0 | |
| Board Member | Director | 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 | |
| Chairman | OfficerDirector | 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
—
Kevin Sheppard
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
John MCCurley
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Mark Gordon
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Stephan Quiriconi
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Rhodes Ritenour
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Christopher Accashian
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
James McNamara
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
James Godwin
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Leigh Sewell
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
MICHAEL MENEN
Base Salary
$193,730
Bonus
$20,521
Other Reportable
$873
Retirement/Deferred
$10,713
Nontaxable Benefits
—
Paul Junod
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
BARBARA GESME
Base Salary
$170,467
Bonus
$9,794
Other Reportable
$666
Retirement/Deferred
$9,325
Nontaxable Benefits
$20,864
James Pellicane MD
Base Salary
$459,910
Bonus
$285,580
Other Reportable
$1,032
Retirement/Deferred
$3,958
Nontaxable Benefits
$33,520
Stacey L Epps MD
Base Salary
$312,528
Bonus
$354,267
Other Reportable
$718
Retirement/Deferred
$14,000
Nontaxable Benefits
$30,854
Tracy HICKS MD
Base Salary
$388,659
Bonus
$279,274
Other Reportable
$718
Retirement/Deferred
$14,000
Nontaxable Benefits
$27,447
William Irvin MD
Base Salary
$288,106
Bonus
$591,742
Other Reportable
$240
Retirement/Deferred
$14,000
Nontaxable Benefits
$30,870
Ryan Raddin MD
Base Salary
$366,372
Bonus
$368,149
Other Reportable
$216
Retirement/Deferred
$14,000
Nontaxable Benefits
$29,209
Top Contractors(Tax Year 2019)
5 records
Bon Secours - St Francis Medical Center Inc reported 5 contractors receiving over $100,000, with total contractor payments of $14.3M.
| Name | Service | Compensation |
|---|---|---|
| TRIMEDX INC | ASSET MANAGEMENT | $4,007,653 |
| MORRISON HEALTHCARE | DIETARY SERVICES | $3,180,188 |
| US BANK CORPORATE TRUST (SHIFTWISE) | CONTRACT NURSING | $2,766,121 |
| HR ST FRANCIS MOB I SPE LLC | FACILITIES MANAGEMENT | $2,426,797 |
| SOUND PHYSICIANS OF VA III | PHYSICIAN ADVISORY | $1,877,895 |
Governance & Compliance(Tax Year 2019)
Bon Secours - St Francis Medical Center 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 Francis Medical Center 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)
2 records
Bon Secours - St Francis Medical Center Inc awarded $16K across 1 grant to organizations. Top recipients include Bon Secours Richmond Healthcare Foundation (rICHMOND, VA) — $16K for mission support. The organization also provided grants to individuals (208 recipients) totaling $5K, including indigent cab fare.
Organization Grants
| Recipient | Location | Amount | Purpose |
|---|---|---|---|
| Bon Secours Richmond Healthcare Foundation541201346 | rICHMOND, VA | $16K | MISSION SUPPORT |
Grants to Individuals
| Type | Recipients | Amount |
|---|---|---|
| Indigent Cab Fare | 208 | $5K |
Filing History(Tax Years 1999–2019)
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 | $100.9M | $94.3M | $0 |
| 1999–2018 | No filings acquired yet | ||||
Frequently Asked Questions
What does Bon Secours - St Francis Medical Center Inc do?
Acute Care Hospital
How much revenue does Bon Secours - St Francis Medical Center Inc have?
Bon Secours - St Francis Medical Center Inc reported $100,867,544 in total revenue for tax year 2019.
Who is the highest-paid executive at Bon Secours - St Francis Medical Center Inc?
, Interim CEO - Richmond, received $1,036,347 in total compensation as of tax year 2019.
Is Bon Secours - St Francis Medical Center Inc a 501(c)(3)?
Yes, Bon Secours - St Francis Medical Center Inc is classified as a 501(c)(3) tax-exempt organization.
Where is Bon Secours - St Francis Medical Center Inc located?
Bon Secours - St Francis Medical Center Inc is headquartered in Richmond, VA 23227.
How many employees does Bon Secours - St Francis Medical Center Inc have?
Bon Secours - St Francis Medical Center Inc has 1,671 employees and 330 volunteers as of tax year 2019.
Is Bon Secours - St Francis Medical Center Inc audited?
Yes, Bon Secours - St Francis Medical Center Inc's financial statements are audited, and the organization has an audit committee.
Does Bon Secours - St Francis Medical Center Inc give grants?
Yes, Bon Secours - St Francis Medical Center Inc distributed $20,924 in grants to other organizations and individuals in tax year 2019. Top recipients include Bon Secours Richmond Healthcare Foundation.
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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