Capital Region Health Ventures Corp (EIN 020438264) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1990

Legal Domicile

Principal Officer

Robert P Steigmeyer

Phone

6032277000

Tax Period

2023-10-01 to 2024-09-30

Capital Region Health Ventures Corp, founded in 1990, is a mid-sized nonprofit in the Health Care sector that reported $10.6M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $4.8M, a strong 45% operating margin.

Mission

Provide medical care to community

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $5,699,727

Investment Income $11

Other Revenue $4,946,305

TOTAL REVENUE $10,646,043

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,519,014

Other Expenses $5,802,597

TOTAL EXPENSES $5,802,597

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,646,043	$9,492,143	+0.1%
Expenses	$5,802,597	$5,597,051	+0.0%
Net Income	$4,843,446	$3,895,092	+0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$2,749,404

Total Directors

$1,901,942

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Robert Steigmeyer	President & CEO, Member Ex-Officio	1.00	Officer Director	$0	$316,861	$1,901,942
Lucy Karl Esq	Trustee	1.00	Director	$0	$0	$0
Robert Segal	Trustee	1.00	Director	$0	$0	$0
Manisha Patel DDS	Chair	1.00	Officer Director	$0	$0	$0
Charles Fanaras	Vice Chair	1.00	Officer Director	$0	$0	$0
Lucy Hodder Esq	Secretary	1.00	Officer Director	$0	$0	$0
William Chapman Esq	Secretary (end 1/2024)	1.00	Officer Director	$0	$0	$0
Scott Sloane	Senior VP, CFO, & Treasurer	1.00	Officer	$0	$154,062	$847,462

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$10,646,043	$5,802,597	$10,874,549	$4,843,446
2023	$9,492,143	$5,597,051	$10,989,706	$3,895,092
2022	$9,729,199	$6,859,360	$11,411,464	$2,869,839
2021	$11,897,231	$5,663,568	$12,519,772	$6,233,663
2020	$6,880,329	$3,369,271	$3,736,219	$3,511,058
2019	$10,237,851	$3,856,634	$2,614,627	$6,381,217
2018	$6,269,851	$972,067	$3,419,091	$5,297,784

Capital Region Health Ventures Corp