CORVESTA INC (EIN 205945158) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2006

Legal Domicile

Principal Officer

R JAMES BARKER

Phone

5409898000

Tax Period

2024-01-01 to 2024-12-31

CORVESTA INC, founded in 2006, is a small nonprofit in the Health Care sector that reported $582K in total revenue in fiscal year 2018. Revenue fell 80% from the prior year — a significant decline worth monitoring. Expenses of $22.0M exceeded revenue, resulting in a 3679% operating deficit.

Mission

PROVIDE OPPORTUNITIES THROUGH A HOLDING COMPANY IN SUPPORT OF THE MISSION OF DELTA DENTAL OF VA.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $-1,756,733

Other Revenue $0

TOTAL REVENUE $-1,756,733

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,137,229

Fundraising Expenses $0

Other Expenses $24,537,201

TOTAL EXPENSES $34,674,430

Year-over-Year Comparison

	2024	2023	Change
Revenue	$-1,756,733	$-509,499	+2.4%
Expenses	$34,674,430	$32,659,933	+0.1%
Net Income	$-36,431,163	$-33,169,432	+0.1%

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

Volunteers

N/A

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

$3,059,417

Total Directors

$2,428,138

Key Employees

$1,685,362

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MR THOMAS R BYRD	CHAIRMAN OF THE BOARD	4.00	Officer Director	$57,500	$0	$57,500
MS JEANNE ARMENTROUT	DIRECTOR	4.00	Director	$38,375	$0	$38,375
MS ELIZABETH A MCCLANAHAN	DIRECTOR	3.00	Director	$30,750	$0	$30,750
MR JAMES C HALE	DIRECTOR	3.00	Director	$36,875	$0	$36,875
MR DOUGLAS JUANARENA	DIRECTOR	3.00	Director	$36,375	$0	$36,375
MR DANIEL E DRAPER	DIRECTOR	2.00	Director	$33,500	$0	$34,625
MR JAN S SESSOR	DIRECTOR	3.00	Director	$31,500	$0	$31,500
MS LAURA W THOMAS	DIRECTOR	4.00	Director	$0	$0	$56,375
MR FRANK L LUCIA	PRESIDENT & CEO	40.00	Officer Director	$2,005,346	$100,417	$2,105,763
MR R JAMES BARKER	CHIEF FINANCIAL OFFICER	40.00	Officer	$807,215	$88,939	$896,154
MR CHAD MCINTOSH	GENERAL COUNSEL	40.00	Key Emp	$611,868	$67,707	$679,575
MS KATHARINE CLAYTOR	VICE PRESIDENT	40.00	Key Emp	$528,666	$67,193	$595,859
MS LORA J WILKINSON	VICE PRESIDENT	40.00	Key Emp	$345,785	$64,143	$409,928
MS LOTTIE SCHOTTMILLER	STAFF	40.00	Highest	$210,039	$62,178	$272,217
MS LISA R NICHOLS	STAFF	40.00	Highest	$211,409	$47,809	$259,218
MS DAWN H MCCRAY	STAFF	40.00	Highest	$211,227	$49,202	$260,429
MS DEBORAH S MARTIN	STAFF	40.00	Highest	$300,022	$62,048	$362,070
MS MARY B SMITH	STAFF	40.00	Highest	$180,514	$55,915	$236,429

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	$-1,756,733	$34,674,430	$108,779,654	$-36,431,163
2023	$-509,499	$32,659,933	$97,752,866	$-33,169,432
2022	$-668,910	$32,471,544	$80,763,476	$-33,140,454
2021	$-1,235,003	$49,256,686	$82,180,783	$-50,491,689
2020	$386,474	$37,622,106	$98,197,330	$-37,235,632
2019	$5,454,848	$23,622,964	$94,628,007	$-18,168,116
2018	$582,468	$22,012,995	$76,773,738	$-21,430,527

CORVESTA INC