Nonprofits/Organizations/54-1857174
Active
501(c)(3)
Form 990

Chesapeake Medical Group Inc

EIN 54-1857174Kilmarnock, VA 22482Founded 1994WebsiteIRS Tax Year 2019 · Period ending December 31, 2019
Mission Statement

NOT-FOR-PROFIT PRIMARY MEDICAL CARE SERVICES.

IRS Tax Year 2019

Period ending December 31, 2019

Tax years 2020, 2021, 2022, 2023, 2024 filings not yet available. This is the most recent filing on record.

Total Revenue

$374K

Total Expenses

$1.1M

Net Assets

$0

Employees

22

Volunteers

16

Program Expense Ratio

82.0%

This nonprofit profile presents IRS Form 990 tax filing data for Chesapeake Medical Group Inc (EIN: 54-1857174), 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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RoundPaper IndicatorsTax Year 2019

Financial Health

Program spending ratio of 82.0% — good
0.0 months of operating reserves — limited runway

Transparency

Conflict of interest policy adopted
Whistleblower policy in place
Financial statements independently audited
17-member board, 16 independent

Compensation

Top compensation: $1,036,347 (Interim CEO - Richmond)
Top exec pay is 98.0% of total expenses — elevated
Schedule J filed for 11 individuals — detailed disclosure
No executive perks reported

Program Effectiveness

1 program reported
82.0% of spending goes to programs
1 program generates revenue — self-sustaining activity
16 volunteers engaged

Financial Stability

0.0 months cash runway — tight liquidity
Revenue diversification: concentrated in few sources

Risk Flags

No insider or excess benefit transactions
No material diversion or misuse reported
No family/business relationships on board

Indicators derived from IRS Form 990 data. Not financial advice.

Organization Summary

Chesapeake Medical Group Inc is a 501(c)(3) nonprofit headquartered in Kilmarnock, VA, founded in 1994. In its 2019 filing, the organization reported $374K in total revenue, and $1.1M in total expenses. The organization employed 22 people and engaged 16 volunteers. , Interim CEO - Richmond, is the highest-compensated individual at $1,036,347. The organization runs 1 program, totaling $867K in program expenses. 4 of 6 recommended governance policies are in place.

Programs(Tax Year 2019)

1 record

Programs Overview

Chesapeake Medical Group Inc operates 1 program, with total program expenses of $867K. Chesapeake Medical Group Inc's largest program accounts for 100% of total program spending.

1
Program 1Expenses: $866,875

During the fiscal year, Chesapeake Medical Group employed physicians and nurse practitioners who provided either family practice, pediatric or Surgical medical care. Chesapeake Medical Group policy is to provide care to any patient regardless of their ability to pay and accepts both current and new patients regardless of available insurance coverage.

Financial Overview(Tax Years 2019–2019)

1 record

Financial Highlights

Chesapeake Medical Group Inc derives 99% from program services.

Chesapeake Medical Group Inc allocates 82% to programs, 18% to management and general.

Chesapeake Medical Group Inc holds $0 in total assets against $0 in liabilities. Cash and equivalents of $0 cover approximately 0.0 months of expenses.

Revenue

YearTotal RevenueContributionsGov't GrantsProgram RevenueInvestment
2019$374K$0$0$372K$0

Expenses

YearTotal ExpensesProgramManagementFundraisingGrants Paid
2019$1.1M$867K$191K$0$0

Program Expense Ratio

82.0%

Admin Expense Ratio

18.0%

Fundraising Efficiency

Operating Reserve

0.0 mo

People & Compensation(Tax Year 2019)

29 records

Compensation Summary

Chesapeake Medical Group Inc reported compensation for 29 officers and key employees. Total officer compensation was $4.6M, representing 434.9% of total expenses. 3 individuals received total compensation exceeding $500,000.

Chesapeake Medical Group Inc's highest-compensated individual received $1.0M in total compensation. Total officer compensation of $4.6M represents 434.9% of total expenses. 1 individual received total compensation exceeding $1,000,000.

NameTitleTypeHours/wkComp from OrgRelated OrgsTotal
Interim CEO - Richmond
OfficerDirector
1.00$0$710,569$1,036,347
Former CEO-BSV
Former
$0$593,293$610,093
Treasurer, CFO - Richmond Market
Officer
0.50$0$457,872$513,972
General Surgeon
Highest Comp
50.00$400,154$0$430,296
Former SVP HR - Richmond
Former
$0$342,880$368,509
Surgeon
Highest Comp
50.00$340,249$0$365,993
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
1.00$0$184,373$238,682
Pediatrician
Highest Comp
50.00$197,951$0$232,541
Pediatric Nurse Practitioner
Highest Comp
50.00$109,620$0$124,443
Former VP Patient Care Services
Former
$0$107,646$113,286
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
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
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

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

Bonus

Other Reportable

Retirement/Deferred

Nontaxable Benefits

Rhodes Ritenour

Base Salary

Bonus

Other Reportable

Retirement/Deferred

Nontaxable Benefits

James Godwin

Base Salary

Bonus

Other Reportable

Retirement/Deferred

Nontaxable Benefits

Ann Gumina

Base Salary

Bonus

Other Reportable

Retirement/Deferred

Nontaxable Benefits

Paul Junod

Base Salary

Bonus

Other Reportable

Retirement/Deferred

Nontaxable Benefits

Darlene Stibal

Base Salary

$337,201

Bonus

Other Reportable

$3,048

Retirement/Deferred

$14,000

Nontaxable Benefits

$11,744

Brenden Kootsey MD

Base Salary

$180,277

Bonus

$17,122

Other Reportable

$552

Retirement/Deferred

$4,760

Nontaxable Benefits

$29,830

Mahmoud Jawhar MD

Base Salary

$367,232

Bonus

$25,000

Other Reportable

$7,922

Retirement/Deferred

$1,691

Nontaxable Benefits

$28,451

Top Contractors(Tax Year 2019)

1 record

Contractor Summary

Chesapeake Medical Group Inc reported 1 contractor receiving over $100,000, with total contractor payments of $367K.

NameServiceCompensation
CONNEMARA CORPConstruction Services$367,048

Governance & Compliance(Tax Year 2019)

Governance Snapshot

Chesapeake Medical Group 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.

Chesapeake Medical Group Inc's financial statements are audited, an audit committee oversees the process.

Policies & Oversight

Conflict of interest policy
Whistleblower policy
Document retention policy
CEO compensation review process
Other officer compensation review
990 provided to governing body
Board members17
Independent members16

Audit & Financial Oversight

Financial statements audited
Independent audit
Audit committee
Federal grant audit required

Filing History(Tax Years 1994–2019)

1 record

Showing the 1 Form 990 filing currently in our system.

Tax YearFormPeriodRevenueExpensesNet Assets
2019
990
2019-09-01 – 2019-12-31$374K$1.1M$0
1994–2018No filings acquired yet

Frequently Asked Questions

What does Chesapeake Medical Group Inc do?

NOT-FOR-PROFIT PRIMARY MEDICAL CARE SERVICES.

How much revenue does Chesapeake Medical Group Inc have?

Chesapeake Medical Group Inc reported $374,225 in total revenue for tax year 2019.

Who is the highest-paid executive at Chesapeake Medical Group Inc?

, Interim CEO - Richmond, received $1,036,347 in total compensation as of tax year 2019.

Is Chesapeake Medical Group Inc a 501(c)(3)?

Yes, Chesapeake Medical Group Inc is classified as a 501(c)(3) tax-exempt organization.

Where is Chesapeake Medical Group Inc located?

Chesapeake Medical Group Inc is headquartered in Kilmarnock, VA 22482.

How many employees does Chesapeake Medical Group Inc have?

Chesapeake Medical Group Inc has 22 employees and 16 volunteers as of tax year 2019.

Is Chesapeake Medical Group Inc audited?

Yes, Chesapeake Medical Group Inc's financial statements are audited, and the organization has an audit committee.

Data Source

IRS Form 990 electronic filings via the IRS Exempt Organizations Business Master File. All financial figures are as reported in USD.

Publicly available IRS data
Verified filing records
Updated quarterly
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