Civic Intelligence

Virtua Health Inc.

990 • Fiscal year 2011 • EIN 22-3524939

Jan 01, 2011 to Dec 31, 2011 • Filed on Nov 09, 2012

401 Rt 73N 50 Lake Ctr No 40008053
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

91st percentile

1.18x

Higher debt load relative to assets than 91% of similar nonprofits.

2011 filings • NTEE E • $250M-$1B nonprofits • Source year 2011

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2011

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2011

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2011

Asset Growth

9th percentile

-4.0%

Faster asset growth than 9% of similar nonprofits.

2011 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2010 to 2011

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Down

$677,271,736

Down $28,516,348 (-4.0%) from 2010

Net Assets

Down

-$125,180,777

Down $36,695,230 (-41%) from 2010

Liabilities

Up

$802,452,513

Up $8,178,882 (+1.0%) from 2010

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$270,737,576

Up $11,688,006 (+4.5%) from 2010

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5B$1.0B$500M$0-$500MAssets 2010: $705,788,084Liabilities 2010: $794,273,631Net Assets 2010: -$88,485,5472010Assets 2011: $677,271,736Liabilities 2011: $802,452,513Net Assets 2011: -$125,180,7772011Assets 2012: $684,712,683Liabilities 2012: $819,214,334Net Assets 2012: -$134,501,6512012Assets 2013: $656,741,440Liabilities 2013: $764,401,815Net Assets 2013: -$107,660,3752013Assets 2014: $631,149,887Liabilities 2014: $776,295,703Net Assets 2014: -$145,145,8162014Assets 2015: $603,957,192Liabilities 2015: $775,083,150Net Assets 2015: -$171,125,9582015Assets 2016: $548,992,076Liabilities 2016: $753,926,709Net Assets 2016: -$204,934,6332016Assets 2017: $503,286,659Liabilities 2017: $747,497,092Net Assets 2017: -$244,210,4332017Assets 2018: $475,926,992Liabilities 2018: $755,252,952Net Assets 2018: -$279,325,9602018Assets 2019: $620,063,421Liabilities 2019: $753,023,653Net Assets 2019: -$132,960,2322019Assets 2020: $852,487,522Liabilities 2020: $1,030,956,288Net Assets 2020: -$178,468,7662020Assets 2021: $779,832,667Liabilities 2021: $982,344,951Net Assets 2021: -$202,512,2842021Assets 2022: $685,104,858Liabilities 2022: $942,491,986Net Assets 2022: -$257,387,1282022Assets 2023: $782,838,547Liabilities 2023: $1,095,262,928Net Assets 2023: -$312,424,3812023Assets 2024: $956,976,537Liabilities 2024: $1,344,021,086Net Assets 2024: -$387,044,5492024

Highlighted filing

2011

Assets$677,271,736
Liabilities$802,452,513
Net Assets-$125,180,777

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$800M$600M$400M$200M$0-$200MExpenses 2010: $259,049,5702010Expenses 2011: $270,737,5762011Expenses 2012: $264,345,3622012Revenue 2013: $258,390,341Expenses 2013: $256,789,204Net Income 2013: $1,601,1372013Revenue 2014: $274,972,824Expenses 2014: $274,259,117Net Income 2014: $713,7072014Revenue 2015: $281,150,387Expenses 2015: $279,032,947Net Income 2015: $2,117,4402015Revenue 2016: $293,251,909Expenses 2016: $293,404,435Net Income 2016: -$152,5262016Revenue 2017: $304,928,435Expenses 2017: $309,529,985Net Income 2017: -$4,601,5502017Revenue 2018: $328,206,945Expenses 2018: $326,070,475Net Income 2018: $2,136,4702018Revenue 2019: $512,433,763Expenses 2019: $341,673,256Net Income 2019: $170,760,5072019Revenue 2020: $467,027,058Expenses 2020: $464,580,374Net Income 2020: $2,446,6842020Revenue 2021: $449,382,014Expenses 2021: $445,284,496Net Income 2021: $4,097,5182021Revenue 2022: $448,633,936Expenses 2022: $447,032,433Net Income 2022: $1,601,5032022Revenue 2023: $537,074,558Expenses 2023: $545,789,204Net Income 2023: -$8,714,6462023Revenue 2024: $620,078,229Expenses 2024: $618,268,781Net Income 2024: $1,809,4482024

Highlighted filing

2011

Revenue-
Expenses$270,737,576
Net Income-
Jump To
Filing Snapshot
Filing Period
Jan 1, 2011 to Dec 31, 2011
Signed
Nov 9, 2012
Return Version
2011v1.2
Gross Receipts
$273,086,953
Mission and Program Overview

Mission

Virtua is a comprehensive healthcare system headquartered in marlton, nj. Its mission is to deliver a world-class patient experience and quality health care for the community through its related entities. Virtua is dedicated to supporting its related entities, so each can provide patients and their families with an outstanding experience, and to ensure the highest quality healthcare for the community. We are committed to support our healthcare team with resources, technology and training as well as with opportunities for professional growth.

Major Activities

Activity 2
Virtua provides care to many individuals that receive assistance with the costs of their healthcare under a medical assistance program. The largest such program is Medicaid, which is jointly funded by the Federal and State of New Jersey governments and is administered by the State. The program's reimbursement does not adequately cover the cost of the care provided. By absorbing the cost of care that is not reimbursed, Virtua is relieving the government of this burden. Services are provided on both an inpatient and outpatient basis, including in the emergency departments and in clinics.
Activity 3
Virtua provides a wide range of outpatient services through its Camden facility, including comprehensive primary care and specialty services for infants, children, teens and adults. Additionally, Virtua subsidizes women's clinics for gynecological and obstetrical care, as well as behavioral health and emergency trauma services. More than 700 patients were provided with emergency helicopter transportation during 2011 through the New Jersey Emergency Medical Service Helicopter Response Program. The costs associated with maintaining these services are in excess of reimbursements to Virtua.
Filing and Contact Details

Filer

EIN
22-3524939
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IRS990/Activity2/Description0Virtua provides care to many individuals that receive assistance with the costs of their healthcare under a medical assistance program. The largest such program is Medicaid, which is jointly funded by the Federal and State of New Jersey governments and is administered by the State. The program's reimbursement does not adequately cover the cost of the care provided. By absorbing the cost of care that is not reimbursed, Virtua is relieving the government of this burden. Services are provided on both an inpatient and outpatient basis, including in the emergency departments and in clinics.
IRS990/Activity3/Description0Virtua provides a wide range of outpatient services through its Camden facility, including comprehensive primary care and specialty services for infants, children, teens and adults. Additionally, Virtua subsidizes women's clinics for gynecological and obstetrical care, as well as behavioral health and emergency trauma services. More than 700 patients were provided with emergency helicopter transportation during 2011 through the New Jersey Emergency Medical Service Helicopter Response Program. The costs associated with maintaining these services are in excess of reimbursements to Virtua.
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IRS990/Description0One of the primary ways in which Virtua fulfills its exempt purpose is through the provision of healthcare to those in need. Being located in New Jersey, Virtua complies with the provisions of the State's charity care program. Under this program, assistance is limited to individuals with incomes up to 300% of the Federal poverty guidelines. Virtua has supplemented the State's program with the creation of its own charity assistance program, which extends assistance to individuals with incomes up to 500% of Federal poverty guidelines. This has resulted in assistance being available to more of those in need throughout the community, with over 28.89% of total 2011 assistance being provided under the provisions of Virtua's program.
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IRS990/MissionDescription0Virtua is dedicated to support its related entities, so each can provide patient and their family with an outstanding experience, and to ensure the highest quality healthcare for the community. We are committed to support our healthcare team with resources, technology and training as well as with opportunities for professional growth.
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IRS990/OtherEmployeeBenefits/ProgramServices084803443
IRS990/OtherEmployeeBenefits/Total0106004304
IRS990/OtherExpensePriorYear076964656
IRS990/OtherExpensesCurrentYear077927701
IRS990/OtherExpenses/Description0COLLECTION EXPENSES
IRS990/OtherExpenses/Description1DUE & SUBSCRIPTION
IRS990/OtherExpenses/Description2COMMUNITY SUPPORT
IRS990/OtherExpenses/Description3EDUCATION & DEVELOPMENT
IRS990/OtherExpenses/ManagementAndGeneral01036345
IRS990/OtherExpenses/ManagementAndGeneral1274098
IRS990/OtherExpenses/ManagementAndGeneral2124874
IRS990/OtherExpenses/ManagementAndGeneral376425
IRS990/OtherExpenses/ProgramServices04145382
IRS990/OtherExpenses/ProgramServices11096391
IRS990/OtherExpenses/ProgramServices2499495
IRS990/OtherExpenses/ProgramServices3305701
IRS990/OtherExpenses/Total05181727
IRS990/OtherExpenses/Total11370489
IRS990/OtherExpenses/Total2624369
IRS990/OtherExpenses/Total3382126
IRS990/OtherLiabilities/BOY07934902
IRS990/OtherLiabilities/EOY08585642
IRS990/OtherRevenueCurrentYear00
IRS990/OtherRevenuePriorYear00
IRS990/OtherSalariesAndWages/ManagementAndGeneral013942913
IRS990/OtherSalariesAndWages/ProgramServices055771655
IRS990/OtherSalariesAndWages/Total069714568
IRS990/PartialLiquidation00
IRS990/PayrollTaxes/ManagementAndGeneral01492226
IRS990/PayrollTaxes/ProgramServices05968902
IRS990/PayrollTaxes/Total07461128
IRS990/PensionPlanContributions/ManagementAndGeneral0574142
IRS990/PensionPlanContributions/ProgramServices02296567
IRS990/PensionPlanContributions/Total02870709
IRS990/PoliticalActivities00
IRS990/PremiumsPaid00
IRS990/PrepaidExpensesDeferredCharges/BOY020572466
IRS990/PrepaidExpensesDeferredCharges/EOY020841466
IRS990/PriorExcessBenefitTransaction00
IRS990/ProfessionalFundraising00
IRS990/ProgramServiceRevenue/BusinessCode0900099
IRS990/ProgramServiceRevenueCY0270327442
IRS990/ProgramServiceRevenue/Description0Support Services
IRS990/ProgramServiceRevenuePriorYear0258465084
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome0270327442
IRS990/ProgramServiceRevenue/TotalRevenueColumn0270327442
IRS990/ProhibitedTaxShelterTrans00
IRS990/QuidProQuoContributions00
IRS990/ReconcilationOtherChanges0-38491087
IRS990/ReconcilationRevenueExpenses01795857
IRS990/RegularMonitoringEnforcement01
IRS990/RelatedEntity01
IRS990/RelatedOrganizations01761298
IRS990/RelatedOrgControlledEntity01
IRS990/RentalIncomeOrLoss/Real00
IRS990/ReportFin48Footnote00
IRS990/ReportInvestOthSecurities00
IRS990/ReportLandBldgEquip00
IRS990/ReportOtherAssets01
IRS990/ReportOtherLiabilities01
IRS990/ReportProgRelInvest00
IRS990/RevenuesLessExpensesCY01795857
IRS990/RevenuesLessExpensesPriorYear0200557
IRS990/SalariesEtcCurrentYear0192779875
IRS990/SalariesEtcPriorYear0182058564

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$957$1,344$387$620$618$1.81
2023Summary only. Only limited summary data is available for this year.$783$1,095$312$537$546$8.71
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$685$942$257$449$447$1.60
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$780$982$203$449$445$4.10
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$852$1,031$178$467$465$2.45
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$620$753$133$512$342$171
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$476$755$279$328$326$2.14
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$503$747$244$305$310$4.60
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$549$754$205$293$293$0.15
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$604$775$171$281$279$2.12
2014Detailed filing. Detailed filing data is available for this year.$631$776$145$275$274$0.71
2013Detailed filing. Detailed filing data is available for this year.$657$764$108$258$257$1.60
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$685$819$135$264
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$677$802$125$271
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$706$794$88.5$259
Peer Organizations

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