Evms Academic Physicians and Surgeons Health Services Foundation
Nonprofit profile at a glance
- EIN
- 521576648
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Norfolk, VA, USA
- Phone
- 7574516200
- Rating
- 67
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $105,939,002
- Expenses
- $98,448,051
- Assets
- $69,290,245
- Liabilities
- $22,205,540
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
26 people listed
Executive titles in this filing
- PO CHOU (CEO/DIRECTOR)
Highest reported compensation
- BARRY STRASNICK MD (MEDICAL DIRECTOR (UNTIL 06/25)): $1,313,762 total reported compensation
- ALFRED ABUHAMAD MD (BOARD CHAIRMAN): $1,225,394 total reported compensation
- L D BRITT MD (DIRECTOR): $1,038,699 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
See schedule o
Operating model
- Revenue model
- Earned-program. 84% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 75
- Transparency & Controls: 67
- Accountability: 49
- Sustainability: 45
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 82.2%; rating input score 82
- Program expense ratio: 89.2%; rating input score 89
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.9%; rating input score 93; 17th percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 21.4%; rating input score 21; 9th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 7.1%; rating input score 64; 64th percentile among comparable filings
- Total-asset coverage ratio: 0.7; rating input score 27; 27th percentile among comparable filings
- Liabilities to assets ratio: 0.32; rating input score 53; 53rd percentile among comparable filings
- Officer compensation ratio: 13.3%; rating input score 2; 2nd percentile among comparable filings
Growth
- Program expense growth: 3.4% per year; rating input score 100; 25th percentile among comparable filings
- Revenue growth: 2.7% per year; rating input score 100; 19th percentile among comparable filings
- Asset growth: 9.5% per year; rating input score 100; 67th percentile among comparable filings
Details
- Where the money goes: 82.2% of revenue deployed · 89.2% of spending went to programs
- Governance: 3 of 14 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $87.8M in reported program spending
- Leadership: top reported pay $1.3M · 26 people listed · 2 of 6 pay-setting controls reported
- Highest-paid contractors: 4 contractors listed · $1.8M reported
- Consistency: 31 of 33 current checks pass · 2 findings to review
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 23 filed money-flow records
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Accountability: Independent voting board scored 21/100.
- High — Sustainability: Total-asset coverage ratio scored 27/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- High — Sustainability: Officer compensation ratio scored 2/100.
- Moderate — Transparency & Controls: Schedule D expense reconciliation did not reconcile in the filed values.
- Moderate — Transparency & Controls: Schedule D revenue reconciliation did not reconcile in the filed values.
- Review — Sustainability: Liabilities to assets ratio scored 53/100.