VIRGINIA TELEHEALTH NETWORK INC (EIN 261120684) - 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

KAREN RHEUBAN MD

Phone

8042450097

Tax Period

2024-01-01 to 2024-12-31

VIRGINIA TELEHEALTH NETWORK INC, founded in 2006, is a small nonprofit in the Health Care sector that reported $369K in total revenue in fiscal year 2021. Revenue surged 92% from the prior year, signaling strong growth momentum. The organization ran a surplus of $76K, a strong 21% operating margin.

Mission

VTN DEVOTES ITS RESOURCES TO ADVANCING THE ADOPTION, IMPLEMENTATION, AND INTEGRATION OF TELEHEALTH AND RELATED TECHNOLOGIES STATEWIDE AND PROMOTES THE COORDINATION AND DELIVERY OF CARE FOR ALL VIRGINIANS.IN CARRYING OUT ITS WORK, THE VTN IS INVOLVED IN MANY ACTIVITIES THAT ARELINKED TO ITS FIVE TOP PRIORITIES:1. FACILITATING THE SHARING OF RESOURCES;2. SUPPORTING QUALITY IMPROVEMENT INITIATIVES BY USING TECHNOLOGIES;3. IDENTIFYING AND ADDRESSING BARRIERS TO IMPLEMENTATION;4. EDUCATING STAKEHOLDERS; AND5. IDENTIFYING BEST PRACTICES IN TELEHEALTH DEPLOYMENT.

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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 $1,275,556

Program Service Revenue $0

Investment Income $14,277

Other Revenue $432

TOTAL REVENUE $1,290,265

Expense Breakdown

Grants Paid $586,519

Salaries & Benefits $95,289

Fundraising Expenses $0

Program Expenses $1,009,221

Other Expenses $372,334

TOTAL EXPENSES $1,054,142

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,290,265	$1,255,175	+0.0%
Expenses	$1,054,142	$753,179	+0.4%
Net Income	$236,123	$501,996	-0.5%

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

$98,800

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN RHEUBAN MD	PRESIDENT	0.50	Officer Director	$0	$0	$0
KATHY WIBBERLY PHD	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
CAROLYN RUTLEDGE PHD FNP-BC	SECRETARY	0.50	Officer Director	$0	$0	$0
HOWARD CHAPMAN JR	TREASURER	0.50	Officer Director	$0	$0	$0
JIMMY CARR	DIRECTOR	0.50	Director	$0	$0	$0
THERESA M DAVIS PHD RN	DIRECTOR	0.50	Director	$0	$0	$0
ERICA FACETTI	DIRECTOR	0.50	Director	$0	$0	$0
JOHN MORGAN MD	DIRECTOR	0.50	Director	$0	$0	$0
CHRISTY HELSEL RN BSN	DIRECTOR	0.50	Director	$0	$0	$0
MARK NOBEL	DIRECTOR	0.50	Director	$0	$0	$0
RAY LAMURA	DIRECTOR	0.50	Director	$0	$0	$0
GEORGINA OWUSU-ASIEDU MD	DIRECTOR	0.50	Director	$0	$0	$0
SENATOR BILL STANLEY	DIRECTOR	0.50	Director	$0	$0	$0
AZHAR RAFIQ MD MBA	DIRECTOR	0.50	Director	$0	$0	$0
K MICHAEL RODRIGUEZ MD FAAFP	DIRECTOR	0.50	Director	$0	$0	$0
LINDSAY WINTER	DIRECTOR	0.50	Director	$0	$0	$0
MARA SERVAITES MSW PCMH CCE	EXECUTIVE DIRECTOR	10.00	Officer	$98,800	$0	$98,800

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	$1,290,265	$1,054,142	$1,147,200	$236,123
2023	$1,255,175	$753,179	$930,514	$501,996
2022	$1,117,474	$834,953	$403,998	$282,521
2021	$369,324	$293,224	$121,477	$76,100

VIRGINIA TELEHEALTH NETWORK INC