Avmed Inc
501(c)(4)
97% goes to programs Declining revenue
Avmed Inc is a 501(c)(4) organization based in Virginia Bch, Virginia, registered in 1987, with $616,585,583 in FY2024 revenue. CharityIndex grades it C+, and it directs about 97% of spending to programs.
1300 Sentara Park, Virginia Bch, VA, 23464 EIN 59-2742907 Since 1987
Revenue (FY2024)
$616.6M
▼ 11.8% vs prior year
Expenses (FY2024)
$800.7M
Net assets
$118.2M
Employees
1
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →A+Program efficiency40% of the rating97% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Avmed Inc: 97% to programs earns a A+ on this criterion. See the exact thresholds →
DFinancial health25% of the rating2 mo reserves · -30% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Avmed Inc: 2 mo reserves · -30% margin earns a D on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Avmed Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Avmed Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
As part of sentara health's integrated health care system, we improve health every day.
What they do
Avmed made grants totaling $5,000,000 to santafe healthcare, inc., itsnot-for-profit supporting organization, in support of santafehealthcare's exempt purposes.
Contact & location
- Address
- 1300 Sentara Park, Virginia Bch, VA, 23464
- City
- Virginia Bch
- State
- Virginia
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $843.7M (FY2013) to $616.6M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $326.1MNet assets $118.2M
Operating margin
-29.9%
Spent more than it raised in the latest fiscal year.
Total assets
$444.3M
Total liabilities
$326.1M
Net assets
$118.2M
Salaries & benefits
$0
0% of expenses
Board members
11
7 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $616,585,583▼11.8% | $800,710,663▼1.1% | $118,208,501▼50.0% | $444,319,576▼17.3% | 990 |
| 2023 | $698,732,792▼15.1% | $809,427,276▼18.2% | $236,415,941▲233% | $536,967,116▲41.7% | 990 |
| 2022 | $823,068,692▲2.9% | $988,921,823▲20.4% | $70,986,862▼38.4% | $378,952,909▲20.0% | 990 |
| 2021 | $800,159,081▲13.0% | $821,686,669▲18.7% | $115,217,527▼25.3% | $315,740,193▼14.4% | 990 |
| 2020 | $708,415,108▼7.4% | $692,467,099▼6.9% | $154,149,742▲17.6% | $369,005,031▲16.9% | 990 |
| 2019 | $765,436,449▼22.8% | $743,783,476▼23.7% | $131,063,348▲33.2% | $315,636,347▲11.8% | 990 |
| 2018 | $991,428,569▼15.9% | $974,599,080▼17.5% | $98,415,424▲11.8% | $282,263,907▼22.3% | 990 |
| 2017 | $1,178,516,600▲13.9% | $1,181,939,416▲12.7% | $87,995,960▼13.7% | $363,213,925▲5.8% | 990 |
| 2016 | $1,035,029,269▲16.3% | $1,049,044,053▲17.5% | $101,998,804▼12.4% | $343,302,295▲1.3% | 990 |
| 2015 | $889,662,514▲12.8% | $892,711,604▲7.5% | $116,417,420▼10.3% | $338,905,415▲11.3% | 990 |
| 2014 | $788,361,609▼6.6% | $830,486,299▼0.4% | $129,841,663▼26.7% | $304,403,355▼6.1% | 990 |
| 2013 | $843,708,250 | $833,603,903▼12.1% | $177,031,012▲5.8% | $324,019,338▲1.8% | 990 |
| 2012 | — | $948,752,204▼31.7% | $167,380,150▲17.8% | $318,299,641▼8.5% | 990 |
| 2011 | — | $1,389,760,681▲8.4% | $142,136,666▼30.4% | $347,696,970▼10.2% | 990 |
| 2010 | — | $1,281,551,319 | $204,142,450 | $387,395,553 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Andres Gonzalez | Former T5 | 0 | — |
| Catherine A Allen | Former Ke | 0 | — |
| Cathie J Vick | Director | 1 | — |
| Christine M Shipley | Former Ke | 0 | — |
| Colin Drozdowski | Director/president | 1 | — |
| Daryl L Jones | Director | 1 | — |
| Dennis A Matheis | Director | 1 | — |
| Earl J Barnes II | Secretary | 1 | — |
| Eric D Johnson | Former Ke | 0 | — |
| Frank Izquierdo | Former Ke | 0 | — |
| Frederick C Coble | Director | 1 | — |
| G Wilkins Hubbard II Md | Director | 1 | — |
| Ian M Andes | Former T5 | 0 | — |
| James M Repp | Director | 1 | — |
| Javier Mendoza | Former T5 | 0 | — |
| Jeffery O Smith Ed D | Director | 1 | — |
| J Les Hall | Director | 1 | — |
| Nancy R Botero | Director | 1 | — |
| Robert A Broermann | Treasurer | 1 | — |
| Robert C Fort | Director/chair | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Baptist Hospital of Miami Inc | Medical Services | $124,675,017 |
| Public Health Trust of Miami-dade County | Medical Services | $114,470,474 |
| University of Miami Hospclns | Medical Services | $111,897,556 |
| South Broward Hospital District | Medical Services | $100,894,916 |
| South Miami Hospital Inc | Medical Services | $44,942,658 |
Grants made · $5.0M in FY2020
1 grant totaling $5.0M in FY2020. All grants made by Avmed Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Santafe Healthcare Inc | Avmed, inc. provided its supporting organization (santafe healthcare, inc.) a grant in the amount of $5,000,000 to support and further the mission and tax exempt purposes of santafe healthcare, inc. | $5,000,000 |
Frequently asked questions
- Is Avmed Inc a legitimate nonprofit?
- Yes. Avmed Inc is a 501(c)(4) organization registered with the U.S. Internal Revenue Service under EIN 59-2742907, based in Virginia Bch, Virginia.
- What is Avmed Inc's EIN?
- Avmed Inc's Employer Identification Number (EIN) is 59-2742907.
- How much revenue does Avmed Inc report?
- Avmed Inc reported $616,585,583 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Avmed Inc's spending goes to programs?
- Avmed Inc spends about 97% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Avmed Inc have?
- CharityIndex grades Avmed Inc C+, based on program efficiency and fundraising cost.
- How much does Avmed Inc's highest-paid employee make?
- The highest reported compensation on Avmed Inc's latest Form 990 is $0, paid to Andres Gonzalez (Former T5).
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Explore more
Data for Avmed Inc (EIN 59-2742907) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.