VIRTUA HEALTH INC (EIN 223524939) - 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

1997

Legal Domicile

Principal Officer

DENNIS W PULLIN

Phone

8563550620

Tax Period

2023-01-01 to 2023-12-31

VIRTUA HEALTH INC, founded in 1997, is a major nonprofit in the Health Care sector that reported $537.1M in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion.

Mission

VIRTUA'S MISSION IS TO HELP THE COMMUNITY BE WELL, GET WELL AND STAY WELL.

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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 $34,484,245

Program Service Revenue $496,336,960

Investment Income $660,129

Other Revenue $5,593,224

TOTAL REVENUE $537,074,558

Expense Breakdown

Grants Paid $5,222,365

Salaries & Benefits $356,450,249

Fundraising Expenses $0

Program Expenses $428,245,544

Other Expenses $184,116,590

TOTAL EXPENSES $545,789,204

Year-over-Year Comparison

	2023	2022	Change
Revenue	$537,074,558	$448,633,936	+0.2%
Expenses	$545,789,204	$447,032,433	+0.2%
Net Income	$-8,714,646	$1,601,503	-6.4%

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

2417

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

$5,666,093

Total Directors

$3,487,539

Key Employees

$905,052

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENNIS W PULLIN	PRESIDENT/CEO	40.20	Officer Director	$3,429,773	$57,766	$3,487,539
JOHN M MATSINGER	EVP/COO	40.00	Highest	$1,541,855	$56,571	$1,598,426
ROBERT M SEGIN	TREASURER-EVP/CFO	40.20	Officer	$1,237,401	$44,861	$1,282,262
REGINALD J BLABER	EVP/CCO	40.00	Highest	$1,086,183	$47,908	$1,134,091
STEPHANIE FENDRICK	EVP & CHIEF STRATEGY OFFICER	40.00	Highest	$956,933	$17,060	$973,993
LAUREN ROWINSKI	SECRETARY - SVP & GENERAL	40.20	Officer	$854,261	$42,031	$896,292
RHONDA R SHEPPARD-JORDAN	EVP/CHRO	40.00	Key Emp	$856,767	$48,285	$905,052
JENNIFER L KHELIL	SVP/CMO	40.00	Highest	$674,152	$44,631	$718,783
THOMAS GORDON	SVP/CIO	40.00	Highest	$650,352	$57,703	$708,055
EDWARD CLOUES	CHAIR	0.20	Officer Director	$0	$0	$0
JAMES DWYER DO	VICE CHAIR	0.20	Officer Director	$0	$0	$0
PATRICIA CODEY	TRUSTEE	0.20	Director	$0	$0	$0
ELAINE DAMM	TRUSTEE	0.20	Director	$0	$0	$0
LESLIE DONATO	TRUSTEE	0.20	Director	$0	$0	$0
DAMIEN GHEE START 13123	TRUSTEE	0.20	Director	$0	$0	$0
GRAYLING JOHNSON	TRUSTEE	0.20	Director	$0	$0	$0
SANIAH JOHNSON	TRUSTEE	0.20	Director	$0	$0	$0
PRATAP KHEDKAR	TRUSTEE	0.20	Director	$0	$0	$0
DAVID KINDLICK	TRUSTEE	0.20	Director	$0	$0	$0
GEORGE LYNN	TRUSTEE	0.20	Director	$0	$0	$0
FAYE MELOY	TRUSTEE	0.20	Director	$0	$0	$0
JOHN PARKER	TRUSTEE	0.20	Director	$0	$0	$0
ADOLFO PIPERNO	TRUSTEE	0.20	Director	$0	$0	$0
STACY ROBINSON	TRUSTEE	0.20	Director	$0	$0	$0
MARVIN SAMSON	TRUSTEE	0.20	Director	$0	$0	$0
CHARLES VILA	TRUSTEE	0.20	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
2024	No data	No data	No data	No data
2023	$537,074,558	$545,789,204	$782,838,547	$-8,714,646
2022	$448,633,936	$447,032,433	$685,104,858	$1,601,503
2021	$449,382,014	$445,284,496	$779,832,667	$4,097,518
2020	$467,027,058	$464,580,374	$852,487,522	$2,446,684
2019	$512,433,763	$341,673,256	$620,063,421	$170,760,507
2018	$328,206,945	$326,070,475	$475,926,992	$2,136,470

VIRTUA HEALTH INC