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AVMED INC

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Public IRS 990 nonprofit record

AVMED INC

EIN 59-2742907 · Health (General & Financing) (E80)

What they do

AS PART of SENTARA HEALTHS INTEGRATED HEALTH CARE SYSTEM, WE IMPROVE HEALTH EVERY DAY BY PROVIDING ACCESS to HIGH-QUALITY, AFFORDABLE HEALTH CARE SERVICES THROUGH A NETWORK of CREDENTIALED HEALTH CARE PROVIDERS. AVMED, INC. PROVIDES AFFORDABLE, NON-COMMERCIAL-TYPE HEALTH BENEFITS CONTRACTS, EDUCATES ITS ENROLLEES ABOUT HEALTH ISSUES, PROVIDES WELLNESS and DISEASE PREVENTION PROGRAMS, CONDUCTS HEALTH FAIRS, PROVIDES DISEASE and CHRONIC CARE MANAGEMENT PROGRAMS, MANAGES COMPLEX CASES, and PROVIDES PRESCRIPTION DRUGS and CERTAIN MEDICAL RESEARCH PROGRAMS. AVMED, INC. OFFERS ITS PROGRAM of SERVICES AT AFFORDABLE FIXED PRICES to FLORIDA EMPLOYERS and VULNERABLE POPULATIONS INCLUDING INDIVIDUALS, SMALL EMPLOYER GROUPS and SENIOR CITIZENS THROUGH THE MEDICARE ADVANTAGE PROGRAM (INCLUDING PRESCRIPTION DRUGS).

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $96.50 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders22 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

125.36%of revenue went to mission work96.5% of expenses · Program services
$129.86spent for every $100 of revenueSpending was higher than revenue this year.
4.51%of revenue went to management and office costs3.5% of expenses
$0.55in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $184,125,080 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $345,144 for ROBERT A BROERMANN (TREASURER). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$616,585,583
Mission workProgram services$772,922,788125.36% of revenue96.5% of expenses
ManagementOffice and general costs$27,787,8754.51% of revenue3.5% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Total expenses$800,710,663129.86% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2024CurrentExpense mix: 96.5% mission · 3.5% management · 0.0% fundraisingTotal expenses: 129.86% of revenue
2023Expense mix: 94.9% mission · 5.1% management · 0.0% fundraisingTotal expenses: 115.84% of revenue
2022Expense mix: 95.3% mission · 4.7% management · 0.0% fundraisingTotal expenses: 120.15% of revenue
2021Expense mix: 94.3% mission · 5.7% management · 0.0% fundraisingTotal expenses: 102.69% of revenue
2020Expense mix: 92.1% mission · 7.9% management · 0.0% fundraisingTotal expenses: 97.75% of revenue
2019Expense mix: 92.6% mission · 7.4% management · 0.0% fundraisingTotal expenses: 97.17% of revenue
2018Expense mix: 93.4% mission · 6.6% management · 0.0% fundraisingTotal expenses: 98.30% of revenue
2017Expense mix: 94.2% mission · 5.8% management · 0.0% fundraisingTotal expenses: 100.29% of revenue

Money in and money out

Revenue$616,585,583
Expenses$800,710,663
Annual shortfall $184,125,080 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$772,922,788 · 96.5% of expenses
Management and office costs$27,787,875 · 3.5% of expenses
See all reported dollar amounts
Revenue$616,585,583
Expenses$800,710,663
Assets$444,319,576
Income$630,004,707
Mission work (program services)$772,922,788
Grants given$5,000,000
Average grant$5,000,000
Management and general$27,787,875
Stocks and bonds$108,691,360
Accounting fees$377,496
Investing fees$213,643
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
ROBERT A BROERMANNTREASURER · 1 hrs/week $345,144Base · Other $345,144
DENNIS A MATHEISDIRECTOR · 1 hrs/week $319,017Base · Other $319,017
COLIN DROZDOWSKIDIRECTOR/PRESIDENT · 1 hrs/week $203,969Base · Other $203,969
EARL J BARNES IISECRETARY · 1 hrs/week $152,653Base · Other $152,653
JAVIER MENDOZAFORMER T5 $50,326Base · Other $50,326
TIMOTHY MATSUBARAFORMER T5 $49,710Base · Other $49,710
FRANK IZQUIERDOFORMER KE $47,190Base · Other $47,190
ERIC D JOHNSONFORMER KE $43,939Base · Other $43,939
JAMES M REPPDIRECTOR · 1 hrs/week $43,855Base · Other $43,855
ROBERT D BONNELL MDFORMER T5 $40,106Base · Other $40,106
CHRISTINE M SHIPLEYFORMER KE $27,845Base · Other $27,845
IAN M ANDESFORMER T5 $27,383Base · Other $27,383

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (22)

ROBERT A BROERMANNTREASURER

DENNIS A MATHEISDIRECTOR

COLIN DROZDOWSKIDIRECTOR/PRESIDENT

EARL J BARNES IISECRETARY

JAVIER MENDOZAFORMER T5

TIMOTHY MATSUBARAFORMER T5

FRANK IZQUIERDOFORMER KE

ERIC D JOHNSONFORMER KE

JAMES M REPPDIRECTOR

ROBERT D BONNELL MDFORMER T5

CHRISTINE M SHIPLEYFORMER KE

IAN M ANDESFORMER T5

ANDRES GONZALEZFORMER T5

CATHERINE A ALLENFORMER KE

J LES HALLDIRECTOR

JEFFERY O SMITH ED DDIRECTOR

NANCY R BOTERODIRECTOR

FREDERICK C COBLEDIRECTOR

ROBERT C FORTDIRECTOR/CHAIR

DARYL L JONESDIRECTOR

CATHIE J VICKDIRECTOR

G WILKINS HUBBARD II MDDIRECTOR

About this charity

Recognized since
January 1987
Location
1300 SENTARA PARK, VIRGINIA BCH, VA 23464-5884
County
Virginia Beach (city)
In care of
% REBECCA WILSON
Primary officer
SHARILYN CAMPBELL, TREASURER

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
January 1, 2024
Return type
990
NTEE classification
Health (General & Financing) (E80)
IRS tax category
Health (General & Financing)
Grant-giving organization
Yes

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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