VALLEY HEALTH DEVELOPMENT CORPORATION (EIN 222607657) - 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

1984

Legal Domicile

Principal Officer

Lisa Betrus

Phone

3158663330

Tax Period

2022-01-01 to 2022-12-31

VALLEY HEALTH DEVELOPMENT CORPORATION, founded in 1984, is a micro nonprofit in the Health Care sector that reported $10K in total revenue in fiscal year 2022. Revenue fell 82% from the prior year — a significant decline worth monitoring. Expenses of $74K exceeded revenue, resulting in a 631% operating deficit.

Mission

Valley Health Development Corporation issued tax exempt Mortgage Revenue Bonds and holds a Mortgage Note from Valley Health Services, Inc., a not-for-profit Residential Health Care Facility. In September 2000, Valley Health Development Corporation issued $8,795,000 in tax exempt Mortgage Revenue Refunding Bonds to refinance Valley Health Services', Inc. existing debt. Valley Health Development Corporation administers the bond payments through the Bank of New York Mellon - New Albany, Ohio.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $10,060

Investment Income $0

Other Revenue $0

TOTAL REVENUE $10,060

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $73,539

Other Expenses $73,539

TOTAL EXPENSES $73,539

Year-over-Year Comparison

	2022	2021	Change
Revenue	$10,060	$56,297	-0.8%
Expenses	$73,539	$77,340	0.0%
Net Income	$-63,479	$-21,043	+2.0%

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

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

$406,674

Total Directors

$406,674

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Lisa Betrus	President	Officer Director	$0	$19,771	$406,674
John Militello	Secretary	Officer Director	$0	$0	$0
Anna Lyga	Treasurer	Officer Director	$0	$0	$0

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
2022	$10,060	$73,539	No data	$-63,479
2021	$56,297	$77,340	$403,479	$-21,043
2020	$101,467	$118,408	$1,144,522	$-16,941

VALLEY HEALTH DEVELOPMENT CORPORATION