THE VALLEY FOUNDATION

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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

1973

Legal Domicile

Principal Officer

ROGER SMALLIGAN

Phone

2565397757

Tax Period

2023-10-01 to 2024-09-30

THE VALLEY FOUNDATION, founded in 1973, is a mid-sized nonprofit in the Education sector that reported $15.2M in total revenue in fiscal year 2023. The organization ran a surplus of $2.6M, a strong 17% operating margin.

Mission

TO GRATEFULLY TREAT ALL PATIENTS AND STAFF WITH COMPASSION, RESPECT AND UNDERSTANDING WHILE PROVIDING THE HIGHEST QUALITY MEDICAL CARE AND SERVICE AVAILABLE IN NORTH ALABAMA. WE ARE DEDICATED TO SATISFYING THE INDIVIDUAL NEEDS OF OUR PATIENTS THROUGH PROVIDING EASY ACCESS TO SERVICES IN A SAFE AND CARING ENVIRONMENT WHERE EVERYONE FEELS SPECIAL. THE SCHOOL OF MEDICINE IS DEDICATED TO THE EDUCATION OF PHYSICIANS AND SCIENTISTS IN ALL OF THE DISCIPLINES OF MEDICINE AND BIOMEDICAL INVESTIGATION FOR CAREERS IN PRACTICE, TEACHING AND RESEARCH. NECESSARY TO THIS EDUCATIONAL MISSION IS THE PROVISION OF OUTSTANDING MEDICAL CARE AND SERVICES AND THE ENHANCEMENT OF NEW KNOWLEDGE THROUGH CLINICAL AND BASIC BIOMEDICAL RESEARCH.

Program Service Accomplishments

Program 1

Expenses: $7,432,053 Revenue: $14,258,111

PATIENT CARE SERVICES. PATIENT ENCOUNTERS THIS YEAR WERE 80,992.

Program 2

Expenses: $4,156,250 Revenue: $0

SUPPORT TO THE UNIVERSITY OF ALABAMA AT BIRMINGHAM. THE VALLEY FOUNDATION PROVIDES THE UNIVERSITY OF ALABAMA BIRMINGHAM'S HUNTSVILLE REGIONAL MEDICAL CAMPUS ACCESS TO PATIENTS AND MEDICAL SERVICES TO FACILITATE THE CLINICAL TRAINING NECESSARY TO MEET EDUCATIONAL REQUIREMENTS FOR THIRD AND FOURTH YEAR MEDICAL STUDENTS, INTERNAL AND FAMILY MEDICINE RESIDENTS. TRAINING WAS PROVIDED FOR 60 RESIDENTS AND 65 MEDICAL STUDENTS.

Program 3

Expenses: $747,086 Revenue: $0

CONTRACTED CLINICAL SERVICES TO PROVIDE TO A LOCAL NURSING HOME, THE MADISON COUNTY MENTAL HEALTH CENTER, HOSPICE & ALETHEIA HOUSE HOSPICE, COUNTY JAIL AND HUNTSVILLE HOSPITAL.

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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 $14,258,111

Investment Income $925,997

Other Revenue $0

TOTAL REVENUE $15,184,108

Expense Breakdown

Grants Paid $424,400

Salaries & Benefits $5,781,750

Fundraising Expenses $0

Program Expenses $12,335,389

Other Expenses $6,339,558

TOTAL EXPENSES $12,545,708

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,184,108	$14,782,794	+0.0%
Expenses	$12,545,708	$12,567,084	0.0%
Net Income	$2,638,400	$2,215,710	+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

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

$1,161,898

Total Directors

$5,282,338

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAWN BULGARELLA	BOARD MEMBER	1.0	Director	$0	$106,175	$2,633,227
ANUPAM AGARWAL	CHAIRMAN OF BOARD	1.0	Director	$0	$187,782	$1,323,878
MR ROGER SMALLIGAN	PRESIDENT / CEO	40.0	Officer Director	$361,638	$92,221	$737,316
MR JOHN FANNING	PHYSICIAN	25.0	Highest	$196,710	$73,144	$445,087
MR W SCOTT BENCE	TREASURER/BOARD SECRETARY	40.0	Officer	$391,581	$33,001	$424,582
DR ALAN BAGGETT	PHYSICIAN	25.0	Highest	$275,301	$49,755	$414,140
DR NANCY BLEVINS	BOARD MEMBER	25.0	Director	$190,925	$35,235	$347,895
DR SHIVANI MALHOTRA	PHYSICIAN	40.0	Highest	$191,316	$33,855	$345,997
DR JESSE FAULK	PHYSICIAN	40.0	Highest	$191,997	$50,637	$301,174
DR CHELSEA PALMER	PHYSICIAN	40.0	Highest	$195,006	$53,692	$257,361
DR STEFFANE BATTLE	BOARD MEMBER	25.0	Director	$198,011	$17,011	$240,022
MR CHARLES H JONES	BOARD MEMBER	2.0	Director	$0	$0	$0
MR DANA TOWN	BOARD MEMBER (UNTIL 09/24)	3.0	Director	$0	$0	$0
MR JEFF GRONBERG	BOARD MEMBER	1.0	Director	$0	$0	$0
MR JOHN WYNN	BOARD MEMBER	1.0	Director	$0	$0	$0
DR LAKSHMI NALLAMALA	BOARD MEMBER	2.0	Director	$0	$0	$0
MR MICHAEL AHEARN	BOARD MEMBER	1.0	Director	$0	$0	$0
MR PETER LOWE	BOARD MEMBER	2.0	Director	$0	$0	$0
MR RONALD GRAY	BOARD MEMBER	2.0	Director	$0	$0	$0
HON SCHUYLER RICHARDSON	BOARD MEMBER	1.0	Director	$0	$0	$0
MS THERESA A TERRI COOMER	BOARD MEMBER	1.0	Director	$0	$0	$0
MR THOMAS YOUNG	BOARD MEMBER	1.0	Director	$0	$0	$0
MR TIM HOWARD	BOARD MEMBER	2.0	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	$15,184,108	$12,545,708	$23,817,639	$2,638,400
2023	$14,782,794	$12,567,084	$19,433,240	$2,215,710
2022	$13,863,490	$11,635,881	$16,428,294	$2,227,609
2021	$12,088,655	$10,111,355	$15,802,575	$1,977,300
2020	$10,177,445	$9,549,838	$14,705,356	$627,607
2019	$9,659,281	$9,135,028	$13,299,781	$524,253
2018	$9,790,140	$9,715,860	$12,387,223	$74,280