Virginia Gay Hospital Inc (EIN 421231996) - 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

1923

Legal Domicile

Principal Officer

Tina Eden

Phone

3194726255

Tax Period

2024-07-01 to 2025-06-30

Virginia Gay Hospital Inc, founded in 1923, is a mid-sized nonprofit in the Health Care sector that reported $44.8M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $39.7M left a modest 11% surplus.

Mission

Provision of health care services

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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 (2024)

Revenue Breakdown

Contributions & Grants $959,055

Program Service Revenue $41,871,873

Investment Income $1,997,960

Other Revenue $18,000

TOTAL REVENUE $44,846,888

Expense Breakdown

Grants Paid $14,000

Salaries & Benefits $22,878,461

Fundraising Expenses $122,081

Program Expenses $33,289,254

Other Expenses $16,830,684

TOTAL EXPENSES $39,723,145

Year-over-Year Comparison

	2024	2023	Change
Revenue	$44,846,888	$47,921,225	-0.1%
Expenses	$39,723,145	$38,201,116	+0.0%
Net Income	$5,123,743	$9,720,109	-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

393

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

$625,621

Total Directors

$1,579,895

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dr Brian Meeker DO	Director thru 7/2/2024	40.50	Director	$671,553	$24,743	$696,296
Dr Kyle Song DO	Director	40.50	Director	$505,124	$40,102	$545,226
Dr Michelle Elgin DO	Director	40.50	Director	$302,527	$35,846	$338,373
Tammy Madsen	PA-C ER/Hospitalist	40.00	Highest	$294,315	$16,370	$310,685
Matthew Wilden PA-C	ER/Hospitalist	40.00	Highest	$274,082	$35,210	$309,292
Michelle Burnes PA-C	Family Medicine	40.00	Highest	$240,576	$21,980	$262,556
Barry Dietsch	CFO	40.00	Officer	$246,901	$4,807	$251,708
Rita Taylor-Stewart PA-C	Family Medicine	40.00	Highest	$225,103	$12,838	$237,941
Wes Lyons PA-C	Emergency Room/Hospitalist	40.00	Highest	$210,703	$11,338	$222,041
Tina Eden	CEO as of 4/2025	40.00	Officer	$195,503	$9,368	$204,871
Euan MacGregor	CEO thru 10/2024	40.00	Officer	$146,800	$22,242	$169,042
Michele Schoonover	Former CEO	0.00		$118,545	$8,167	$126,712
David Vermedahl	Chair	0.50	Officer Director	$0	$0	$0
John Mossman	Vice Chair	0.90	Officer Director	$0	$0	$0
Bud Maynard	Treasurer	0.90	Officer Director	$0	$0	$0
Sara Stuefan	Secretary	0.50	Officer Director	$0	$0	$0
John Yundt	Director	0.50	Director	$0	$0	$0
Kyle Koeppen	Director	0.50	Director	$0	$0	$0
Denise Wiley	Director	0.50	Director	$0	$0	$0
Marie Therese Foth	Director thru 10/2024	0.50	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
2025	$44,846,888	$39,723,145	$58,036,294	$5,123,743
2024	$47,921,225	$38,201,116	$52,314,320	$9,720,109
2023	$36,411,148	$36,249,755	$40,195,873	$161,393
2022	$35,333,852	$34,205,704	$40,884,116	$1,128,148
2021	$38,895,674	$31,407,221	$40,007,620	$7,488,453
2020	$30,173,040	$29,972,140	$38,630,582	$200,900
2019	$28,891,057	$28,085,814	$30,036,291	$805,243
2018	$29,750,733	$28,449,952	$30,169,069	$1,300,781

Virginia Gay Hospital Inc