MEMORIAL REGIONAL MEDICAL CENTER INC Charity Report

Public IRS 990 nonprofit record

MEMORIAL REGIONAL MEDICAL CENTER INC

EIN 54-1744931 · General Hospitals (E22)

What they do

THE MISSION is to BRING COMPASSION to HEALTH CARE and to BE GOOD HELP to THOSE IN NEED, ESPECIALLY THOSE WHO ARE POOR and DYING. AS A SYSTEM of CAREGIVERS, WE COMMIT OURSELVES to HELP BRING PEOPLE and COMMUNITIES to HEALTH and WHOLENESS.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $79.90 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2019The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders35 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

76.87%of revenue went to mission work79.9% of expenses · Program services

$96.17spent for every $100 of revenueRevenue covered expenses this year.

19.30%of revenue went to management and office costs20.1% of expenses

0.2%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $1,214,853 for HARPREET GREWAL MD (CARDIOLOGIST). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2019

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$143,789,803

Mission workProgram services$110,534,09976.87% of revenue79.9% of expenses

ManagementOffice and general costs$27,747,62219.30% of revenue20.1% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$5,508,0823.83% of revenueShown in gray on the chart

Total expenses$138,281,72196.17% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2019CurrentExpense mix: 79.9% mission · 20.1% management · 0.0% fundraisingTotal expenses: 96.17% of revenue

2018Expense mix: 92.9% mission · 7.1% management · 0.0% fundraisingTotal expenses: 93.92% of revenue

2017Expense mix: 90.0% mission · 10.0% management · 0.0% fundraisingTotal expenses: 97.22% of revenue

2016Expense mix: 92.6% mission · 7.4% management · 0.0% fundraisingTotal expenses: 98.45% of revenue

2015Expense mix: 92.7% mission · 7.3% management · 0.0% fundraisingTotal expenses: 96.68% of revenue

Money in and money out

Revenue$143,789,803

Expenses$138,281,721

Annual surplus $5,508,082 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$110,534,099 · 79.9% of expenses

Management and office costs$27,747,622 · 20.1% of expenses

See all reported dollar amounts

Revenue$143,789,803

Expenses$138,281,721

Income$143,789,803

Contributions$217,803

Mission work (program services)$110,534,099

Grants given$92,445

Average grant$46,223

Management and general$27,747,622

Executive compensation (total)$232,088

Stocks and bonds$12,018,589

People

Leadership and board

Tax year 2019

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

HARPREET GREWAL MDCARDIOLOGIST · 50 hrs/week $1,214,853Base $1,170,031 · Other $44,822

MOHAMMAD CHAUDHRY MDCARDIOLOGIST · 50 hrs/week $924,137Base $879,315 · Other $44,822

KUMAR ABHISHEK MDPHYSICIAN · 50 hrs/week $894,083Base $842,367 · Other $51,716

PINDIPAPANAHALL RAVINDRA MDCARDIOLOGIST · 50 hrs/week $832,620Base $816,061 · Other $16,559

MICHAEL WITTKAMP MDCARDIOLOGIST · 50 hrs/week $756,907Base $714,648 · Other $42,259

YVETTE JOHNSON-THREATCMO-MRMC · 50 hrs/week $448,775Base $402,345 · Other $46,430

JILL KENNEDYFORMER KEY, VP-CNE $361,700Base $307,823 · Other $53,877

BRIAN WHITEINTERIM CEO - RICHMOND (END 12/19) · 5 hrs/week $325,778Base · Other $325,778

ROBIN JOHNSONVP - PATIENT CARE SERVICES · 30 hrs/week $248,302Base $216,425 · Other $31,877

LEIGH SEWELLCEO - MRMC & RCH · 25 hrs/week $91,401Base · Other $91,401

STEPHAN QUIRICONITREASURER, CFO - RICHMOND MARKET · 5 hrs/week $56,100Base · Other $56,100

PAUL JUNODVP HR - RICHMOND · 8 hrs/week $54,309Base · Other $54,309

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (35)

HARPREET GREWAL MDCARDIOLOGIST

MOHAMMAD CHAUDHRY MDCARDIOLOGIST

KUMAR ABHISHEK MDPHYSICIAN

PINDIPAPANAHALL RAVINDRA MDCARDIOLOGIST

MICHAEL WITTKAMP MDCARDIOLOGIST

YVETTE JOHNSON-THREATCMO-MRMC

JILL KENNEDYFORMER KEY, VP-CNE

BRIAN WHITEINTERIM CEO - RICHMOND (END 12/19)

ROBIN JOHNSONVP - PATIENT CARE SERVICES

LEIGH SEWELLCEO - MRMC & RCH

STEPHAN QUIRICONITREASURER, CFO - RICHMOND MARKET

PAUL JUNODVP HR - RICHMOND

RHODES RITENOURSECRETARY

FARAAZ YOUSUFPRESIDENT/CEO - RICHMOND (BEG 12/19)

MARK GORDONFORMER CEO - MRMC & RCH

JAMES GODWINFORMER SVP HR - RICHMOND

TONI ARDABELLFORMER CEO-BSV

JAMES MCNAMARAFORMER VP ORTHOPEDICS

LINDA RIGSBYBOARD MEMBER

SHANNON SINCLAIRBOARD MEMBER

ROSALYN HOBSON HARGRAVES MDBOARD MEMBER

SR ANNE MARIE MACK CBSPRESIDENT

SR VICTORIA SEGURA MD CBSBOARD MEMBER

STUART BUNTINGBOARD MEMBER

PAMELA ROYAL MDBOARD MEMBER

MATTHEW ILLIANBOARD MEMBER

BIRDIE JAMISONBOARD MEMBER

JOYCE LANIERBOARD MEMBER

JOHN DANIEL III MDBOARD MEMBER

JEFFREY BROWN MDBOARD MEMBER

JANE WATKINSCHAIRMAN

ELIZABETH CROWTHERBOARD MEMBER

CHRIS HAIRSTON-WHITEBOARD MEMBER

CHANDRASHEKAR CHALLABOARD MEMBER

BK FULTONBOARD MEMBER (END 12/19)

About this charity

Location: 8580 Magellan Parkway Building IV, Richmond, VA 23227
County: Henrico
In care of: William Kusnierz
Primary officer: William Kusnierz, CFO, Richmond Market

How to reach them

WebsiteVisit the charity’s website Phone(804) 281-8413

Filing and classification

Latest tax year: 2019
Tax period began: September 1, 2019
Return type: 990
Tax preparer: PRICEWATERHOUSECOOPERS LLP
NTEE classification: General Hospitals (E22)
IRS tax category: General Hospitals
Grant-giving organization: Yes