Riverside Health System Foundation, Inc.
608 Denbigh Boulevard
Suite 700
Newport News VA 23608-4487
Mission Statement
To care for others as we would care for those we love. To enhance their well-being and improve their health.
Leadership
CEO/Executive Director Debbie Atkinson
Board Chair Conway Sheild
Board Chair Company Affiliation Jones, Blechman, Woltz and Kelly
Contact Information
Address 608 Denbigh Boulevard
Suite 700
Newport News, VA 236084487
Telephone 757 234-8740
Fax 757 369-1862
E-mail riversidefoundation@rivhs.com
History and Background
Year of Incorporation 2010
Financial Summary
 
 
Projected Revenue $1,709,218.00
Projected Expenses $1,256,000.00
Statements
Mission
To care for others as we would care for those we love. To enhance their well-being and improve their health.
Impact
In 2016, through the support of our donors we were able to disburse $1,046,213 to advance community care; Riverside also provided $725,370 to support Integrative Medicine at no cost to patients undergoing cancer treatments. 
 
For 2017 the Foundation goals are to raise the remaining $3.1 Million to advance health care in the regions we serve.
 
 
Needs

Riverside, like many health care organizations across the country, is facing more challenges than ever before. Our mission, to care for others as we would care for those we love, requires us to provide the best care possible; bridging the gap between "good" care and remarkable care. As an organization, we are committed to improving the health and happiness of the communities we serve, which includes providing compassionate care for older adults and seeking ways to continue to meet the unmet healthcare needs of the uninsured.

To that end, our most pressing needs include:

  • Moving away from the traditional nursing home model - $40 million
         - Aged facilities
         - Medicaid SNF reimbursement alone cannot sustain facility               
  • Riverside Regional Medical Center Labor & Delivery - $10 million
            - Necessary service
            - Update needed
  • Riverside Walter Reed Energy Plant & Operating  and Emergency Rooms - $20 million
          - Energy Plant & OR are dated
          - ER at times struggles to handle patient volume     
  • Riverside Tappahannock Hospital  - $3 million
          - Aged facility with electrical upgrade needs 
  • Growing charity care
          - $22 million in Q1 2014 vs. $19 million in Q1 2013
          - HDHPs up 12% from 2012 to 2013; expected increase                 
Background The first Riverside hospital was born from the very same mission we adhere to today. In 1910, Dr. W. S. Hobson recognized a critical need in his community: there was only one outdated, 25-bed hospital in Newport News, Virginia, a growing city of 20,000. With the support of local shipyard president, Walter Post, Dr. Hobson was able to rally the community and raise $30,000 in only two years, enough to give the city a brand new three-story hospital with 50 available beds.
 
From the beginning, Riverside has sought to recognize and meet the medical needs of its friends and neighbors. Moreover, we have partnered with these communities to achieve what would otherwise be impossible, transforming
Riverside from one small hospital to the successful health system you know today. Over a century of community support has enabled us to achieve the extraordinary, and will continue to empower us to care for others as we would care for those we love.
 
Riverside is a 501(c)(3) tax exempt, nonprofit organization dedicated to improving health and saving lives. Riverside Health System is governed by a voluntary Board of Directors, as is each of the Riverside affiliates throughout the region.

The Riverside Foundation is a steward for its mission to provide a higher standard of care. Through your support, and our health, educational and community programs, we can transform the definition of care. Together, we can achieve the remarkable.

 
 
CEO Statement

At Riverside, we believe in investing in the health and happiness of our friends, families and neighbors; in striving to transform healthcare for the better; in setting an example as a community and industry leader. These beliefs are what help to forge our mission and unwavering dedication to patient care.

The generosity of our donors powers our mission. Each contribution represents a step toward a higher standard of care for our patients today and a brighter healthier future for our communities. With your support, we can remain steadfast in our fundamental mission to care for others as we would care for those we love.

Debbie Atkinson

Executive Director

Riverside Foundation

Board Chair Statement

The biggest challenge facing Riverside this year is the lack of Medicaid expansion in Virginia. While Riverside has been reforming health care and improving how we care for those in our communities, we are faced with a lack of funding not only from this decision but also from reduced Medicare reimbursement reductions and the Medicare sequester. The combined impact of these items is over $25 million per year in less reimbursement for Riverside

Riverside continues to prepare and adapt for this ever changing health care environment. We have continued the development and refinement of our Patient Centered Medical Homes with all of our sites now NCQA accredited and using the SMART plan, which engages our patients to take charge of their health, enabling us to better coordinate care for our patients. We are also actively working through the Riverside joint physician operating committee to help us as we deal with the many different insurance company requirements around care coordination, quality measures and understanding which populations we are or will be at financial risk for managing care.
I volunteer with Riverside because I believe everyone deserves excellent health care. Without support from the Riverside Foundation, the resources that make a difference would not be available because of government regulation and funding cuts. In today’s healthcare environment, excellence is only achieved through the compassion and funding of our generous donors.


Rebecca McCoy

Board Chairman

Riverside Foundation

Areas of Service
Areas Served
Area
Northern Neck
Gloucester County
Hampton Roads
Other
Riverside Health System serves the Eastern Shore of Virginia, Hampton Roads, Williamsburg, Middle Peninsula, Northern Neck.Riverside also has several PACE centers located in Richmond, Hampton, Newport News and Petersburg. 
Board Chair
Board Chair Conway Sheild
Company Affiliation Jones, Blechman, Woltz and Kelly
Term Jan 2016 to Jan 2024
Email csheild@jbwk.com
Board of Directors
Board Members
NameAffiliation
Dr. Patricia Barry Retired
Frances Ellis Community Volunteer
William Grace Grace Industries
William Heath Community Volunteer
Caramine Kellam Community Volunteer
Ron Murray Newport News Shipbuilding
Verneeta Williams Riverside Health System
Board Demographics - Ethnicity
African American/Black 2
Asian American/Pacific Islander 0
Caucasian 4
Hispanic/Latino 0
Native American/American Indian 0
Board Demographics - Gender
Male 2
Female 4
Governance
Written Conflict of Interest Policy? Yes
Percentage Making Monetary Contributions 50
Number of Full Board Meetings Annually 4
Other Boards
The tables below contain information about other groups that advise this nonprofit on operations and projects.
Executive Director
Executive Director Debbie Atkinson
Staff
Full Time Staff 7
Part Time Staff 0
Volunteers 6
Contractors 0
Plans
Organization has a Strategic Plan?
Programs
Description
Fiscal Year
Projected Revenue $1,709,218.00
Projected Expenses $1,256,000.00
Form 990s
IRS Letter of Exemption
Detailed Financials
Revenue SourcesHelpThe financial analysis involves a comparison of the IRS Form 990 and the audit report (when available) and revenue sources may not sum to total based on reconciliation differences. Revenue from foundations and corporations may include individual contributions when not itemized separately.
Fiscal Year201520142013
Foundation and
Corporation Contributions
------
Government Contributions$2,524,707$2,367,890$2,348,429
Federal----$2,348,429
State------
Local------
Unspecified$2,524,707$2,367,890--
Individual Contributions$901,471$698,150$828,577
------
$1,135,098,703$1,334,419,706$973,790,766
Investment Income, Net of Losses$12,679,783$8,865,755$18,180,656
Membership Dues------
Special Events------
Revenue In-Kind------
Other$346,413,473$17,818,855$310,785,512
Expense Allocation
Fiscal Year201520142013
Program Expense$1,157,990,043$1,054,473,897$1,006,112,243
Administration Expense$325,646,878$297,366,197$303,934,916
Fundraising Expense$79,135$79,411$28,251
Payments to Affiliates------
Total Revenue/Total Expenses1.011.011.00
Program Expense/Total Expenses78%78%77%
Fundraising Expense/Contributed Revenue2%3%1%
Assets and Liabilities
Fiscal Year201520142013
Total Assets$895,801,617$870,803,594$820,144,079
Current Assets$578,041,192$562,074,731$503,745,485
Long-Term Liabilities$19,485,000$20,950,000$25,188,617
Current Liabilities$336,161,528$334,870,625$213,940,716
Total Net Assets$540,155,089$514,982,969$581,014,746
Short Term Solvency
Fiscal Year201520142013
Current Ratio: Current Assets/Current Liabilities1.721.682.35
Long Term Solvency
Fiscal Year201520142013
Long-Term Liabilities/Total Assets2%2%3%
Capital Campaign
Currently in a Capital Campaign? No
Goal $0.00
Dates 2010 to 2014
Amount Raised To Date $0.00
Capital Campaign Anticipated in Next 5 Years? No
State Charitable Solicitaions Permit
Solicitations Permit
Solicitations Permit ExemptionView
Comments
Organization Comments
The Riverside Health System Foundation budget is $1,698,372, which represents 1.6% of Riverside Health System's overall budget.
 
Keith Percic, Vice President, Finance
Riverside Health System
Foundation Comments
  • The Riverside Health System Foundation is a subordinate of the Riverside Health System.
  • The Foundation is included in the tax filings of the parent organization.
  • To demonstrate compliance with IRS standards, the Form 990 and the audit of the parent organization are on the portrait.
  • FY2013 is representative of the Riverside Health System