2018-08-14T08:17:57-05:00 2017-09-30 560747981 DIXON HUGHES GOODMAN LLP 901 EAST CARY STREET SUITE 1000 RICHMOND VA 23219 990 2016-10-01 540801059 VA HOSPITAL RESEARCH & EDUCATION FOUNDATION VIRG 8049651201 PO BOX 31394 RICHMOND VA 23294 Sean Connaughton president 8049651201 2018-08-10 1 LORI K COCHRAN P00853221 8042827636 2018-08-09 2016 2022-09-23 18:48:47Z Sean Connaughton PO BOX 31394 RICHMOND VA 23294 5788005 0 X WWW.VHHA.COM X 1964 VA Research and education in the health care industry. 8 7 4 7 0 0 74725 13500 968634 1313329 175224 1150056 0 0 1218583 2476885 0 0 0 0 390907 455075 0 0 0 867466 906667 1258373 1361742 -39790 1115143 5182338 5722766 331914 416264 4850424 5306502 X Virginia Hospital Research & Education Foundation strives to improve the health of Virginians through collaboration, research and education for Virginia's hospitals and health systems. VHREF provides continuing professional education programming to Virginia health care leaders and professionals through conferences, seminars and webinars. VHREF also supports research, and patient safety and quality programs in Virginia's hospitals through the identification of grants and other funding opportunities. 0 0 418686 644376 During FYE 2017, Virginia Hospital Research and Education Foundation (VHREF) offered a growing number of educational programs to expanded audiences from Virginia's hospitals and health systems. Workshops and seminars related to quality and patient safety were offered in support of the Virginia Hospital & Healthcare Association's (VHHA) Center for Healthcare Excellence, webinars on clinical and administrative topics were provided, and three statewide conferences were held. Two conferences were for leaders of Virginia's hospitals, focused on creating a healthier Virginia and driving health care innovation in the Commonwealth. The other conference was a statewide Patient Safety Summit for clinical and leadership staff focused on improving patient safety in Virginia. VHREF also received grant funding to support quality and patient safety work with Virginia's hospitals that supports the mission and strategic objectives of VHHA. 444436 436925 Virginia Hospital Research and Education Foundation's Patient Safety Organization (PSO) continued to assist Virginia hospitals in providing the safest and highest quality of care to their patients. The PSO allows for trending and identification of improvement opportunities and avoidance of harm across multiple organizations using both state and national comparative data. 318548 232028 Grants received to perform contract services for Virginia Board for People with Disabilities, Health Research & Educational Trust, and Virginia Department of Health - Office of Health Equity. 1181670 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 5 0 1 4 1 0 0 0 0 0 0 0 0 0 0 X 8 7 0 1 1 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 0 0 X Elizabeth McNamee CFO 8042973549 4200 INNSLAKE DRIVE Suite 203 GLEN ALLEN VA 23060 JAMES B COLE CHAIR - through April 2017 1.00 X X 0 0 0 Mary Mannix Chair - starting April 2017 1.00 X X 0 0 0 Michael Gentry Vice Chair 1.00 X X 0 0 0 MICHAEL MCDERMOTT Secretary/Treasurer 1.00 X X 0 0 0 B Eric Deaton DiRECTOR 1.00 X 0 0 0 JOHN L FITZGERALD dIRECTOR 1.00 X 0 0 0 Steve Arner DIRECTOR 1.00 X 0 0 0 Toni Ardabell DIRECTOR 1.00 X 0 0 0 Mark Merrill DIRECTOR 1.00 X 0 0 0 SEAN CONNAUGHTON President 1.00 X 0 548722 108990 TRACEY VAN MARCKE DE LUMMEN CEO starting 9/15/17 28.00 X 0 96871 18667 0 645593 127657 0 0 1 0 0 13500 13500 Conference & Seminar Revenue 900099 644376 644376 Virginia PSO 900099 436925 436925 Contract Service Revenue 900099 232028 232028 1313329 110511 110511 4350665 3311120 1039545 1039545 1039545 2476885 1313329 0 1150056 X 341767 230153 111614 29432 29432 83876 82317 1559 40000 20000 20000 15826 7913 7913 21157 21157 333827 333827 2629 2629 7181 7181 9053 4527 4526 11147 5540 5607 19503 19503 424973 424973 4105 4105 3600 2100 1500 bank fees 12392 6196 6196 Dues 1274 1274 1361742 1181670 180072 0 329216 388932 312448 318453 21633 52903 72724 61899 92526 81743 14888 10783 4369451 4832764 61978 57032 5182338 5722766 129531 143747 153165 223299 49218 49218 331914 416264 X 4850424 5306502 4850424 5306502 5182338 5722766 1115143 -659065 0 X X 0 1 X 1 0 X 100000 70000 74725 13500 258225 387457 512344 799313 968634 1313329 3981077 387457 612344 869313 1043359 1326829 4239302 0 57702 39717 188909 286328 57702 39717 188909 286328 3952974 71507 116414 78849 83242 110511 460523 71507 116414 78849 83242 110511 460523 458964 728758 948162 1126601 1437340 4699825 0.84110 0.85670 0.09800 0.11610 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 92526 81743 10783 10783 X 1817820 -659065 -659065 2476885 0 2476885 1361742 0 1361742 0 1361742 Part IV, Line 2b: The foundation is a fiscal agent for other entities and receives funds on their behalf. Funds are disbursed at the direction of the other entities and neither the receipt of funds nor their expenditure are included in the foundation's statement of activities. The funds held on behalf of others is reported as an other asset in part X, line 15. Part X, Line 2: The Foundation is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code and the tax statutes of the Commonwealth of Virginia; accordingly, the accompanying financial statements do not reflect a provision of liability for federal and state income taxes. The Foundation has determined that it does not have any material unrecognized tax benefits or obligations as of September 30, 2017. The Foundation is subject to tax on any unrelated business income that it may generate. The Foundation reported no unrelated business income for the years ended September 30, 2017 and 2016. 0 1 0 0 0 0 0 0 0 SEAN CONNAUGHTON President 0 477422 0 71300 0 0 0 92424 0 16566 0 657712 0 0 Part I, Line 3 Virginia Hospital and Healthcare Association contracts with a reliable and reputable consultant who reviews appropriate comparative data for similarly qualified persons in functionally comparable positions at similarly situated organizations. Part I, Line 4b The President participated in a supplemental nonqualified retirement plan. No contributions were made to the plan during the tax year. Form 990, Part VI, Section A, line 3 ADMINISTRATIVE SERVICES ARE PROVIDED TO THE FOUNDATION BY VIRGINIA HOSPITAL AND HEALTHCARE ASSOCIATION, A RELATED ORGANIZATION. Form 990, Part VI, Section A, line 4 Articles of Incorporation and Bylaws were updated in September 2017. A new Operations Committee was created at this time to provide management with greater strategic oversight as the organization grows and evolves. Form 990, Part VI, Section B, line 11b THE BOARD OF DIRECTORS AND MANAGEMENT WILL REVIEW THE FORM 990 BEFORE FILING. Form 990, Part VI, Section B, line 12c Board members are required to disclose all interests annually on a written form which is signed and dated. If a conflict exists, the issue will be reviewed by the Board of Directors. Form 990, Part VI, Section B, line 15a The association contracts with a reliable and reputable consultant who reviews appropriate comparative data for similarly qualified persons in functionally comparable positions at similarly situated organizations. Form 990, Part VI, Section C, line 19 GOVERNING DOCUMENTS, CONFLICTS OF INTERESTS POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. Form 990, Part IX, line 11g Consulting Fees: Program service expenses 327,827. Management and general expenses 0. Fundraising expenses 0. Total expenses 327,827. SHIP Grant Expense: Program service expenses 6,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,000. Form 990, Part XII, Line 2c: The process has not changed from prior years. VIRGINIA HOSPITAL AND HEALTH CARE ASSOCIATION PO BOX 31394 RICHMOND VA 23294 540701665 PROMOTE DEVELOPMENT & IMPROVEMENT OF THE HEALTH CARE INDUSTRY IN Virginia VA 501(c)(6) 0 Virginia Business Coalition on Health PO BOX 31394 RICHMOND VA 23294 541271014 EDUCATION IN THE HEALTHCARE INDUSTRY VA 501(c)(3) Line 7 Virginia Hospital and Healthcare Association 0 VIRGINIA HOSPITAL ASSOCIATION POLITICAL ACTION COMMITTEE PO BOX 31394 RICHMOND VA 23294 541298898 Political Action Committee VA 527 Virginia Hospital and Healthcare Association 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 1 1 1 0 0