SENTARA HEALTH (EIN 521271901) - 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

1982

Legal Domicile

Principal Officer

DENNIS A MATHEIS

Phone

7574557020

Tax Period

2023-01-01 to 2023-12-31

SENTARA HEALTHCARE, founded in 1982, is a major nonprofit in the Health Care sector that reported $228.9M in total revenue in fiscal year 2018. The organization ran a surplus of $61.7M, a strong 27% operating margin.

Mission

AT SENTARA, WE IMPROVE HEALTH EVERY DAY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $85,038,263

Program Service Revenue $350,472,498

Investment Income $74,943,162

Other Revenue $-25,354,768

TOTAL REVENUE $485,099,155

Expense Breakdown

Grants Paid $43,900,301

Salaries & Benefits $170,239,565

Fundraising Expenses $605,304

Program Expenses $331,623,973

Other Expenses $176,137,337

TOTAL EXPENSES $390,471,283

Year-over-Year Comparison

	2023	2022	Change
Revenue	$485,099,155	$401,206,637	+0.2%
Expenses	$390,471,283	$280,286,551	+0.4%
Net Income	$94,627,872	$120,920,086	-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

892

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

$14,034,663

Total Directors

$6,301,699

Key Employees

$5,989,446

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENNIS A MATHEIS	PRESIDENT/CEO/EX-OFFICIO DIRECTOR	40.00	Officer Director	$5,723,707	$84,854	$5,808,561
DIAN T CALDERONE	DIRECTOR	3.10	Director	$45,000	$0	$45,000
L ALLAN PARROTT JR	DIRECTOR/CHAIR	3.90	Officer Director	$50,000	$0	$50,000
WHITNEY RG SAUNDERS	DIRECTOR/VICE CHAIR	4.80	Officer Director	$48,451	$0	$48,451
CAROL C THOMAS	DIRECTOR	3.30	Director	$40,000	$0	$40,000
E RAY MURPHY	DIRECTOR	4.20	Director	$48,147	$0	$48,147
EDWARD GEORGE MD	DIRECTOR	3.10	Director	$42,807	$0	$42,807
GILBERT BLAND	DIRECTOR	3.50	Director	$45,000	$0	$45,000
J LES HALL	DIRECTOR	2.20	Director	$2,077	$0	$2,077
JEFFERY O SMITH ED D	DIRECTOR	2.80	Director	$44,191	$0	$44,191
JOHN AGOLA	DIRECTOR	2.70	Director	$0	$0	$0
JOSEPH K FUNKHOUSER II	DIRECTOR	3.10	Director	$41,151	$0	$41,151
LATISHA OWENS TARRANT	DIRECTOR	2.70	Director	$3,384	$0	$3,384
LT GEN FRANCES C WILSON EDD	DIRECTOR	3.00	Director	$40,000	$0	$40,000
PETER BROOKS	DIRECTOR	3.30	Director	$42,930	$0	$42,930
WILLIAM R ERMATINGER	DIRECTOR	3.30	Director	$0	$0	$0
AUBREY L LAYNE	SECRETARY (THROUGH 12/23)	40.00	Officer	$1,829,812	$28,947	$1,858,759
MICHAEL V GENTRY	COO/EVP (THROUGH 5/23)	40.00	Officer	$2,142,866	$78,055	$2,220,921
ROBERT A BROERMANN	CFO/EVP	40.00	Officer	$2,673,690	$135,907	$2,809,597
EARL J BARNES II	SECRETARY (EFFECTIVE 12/23)	40.00	Officer	$1,094,606	$143,768	$1,238,374
BECKY C SAWYER	KE (EVP & CPO)	40.00	Key Emp	$1,728,775	$251,767	$1,980,542
JORDAN R ASHER MD	KE (EVP & CHIEF PHYSICIAN EXEC)	40.00	Key Emp	$2,069,516	$224,633	$2,294,149
MELINDA S HANCOCK	KE (EVP & CAO)	40.00	Key Emp	$1,548,492	$166,263	$1,714,755
MEGAN R PERRY	SVP & CHIEF STRATEGY OFFICER	40.00	Highest	$1,606,990	$186,150	$1,793,140
STEPHANIE K SCHNITTGER	SVP & CHIEF FINANCIAL OFFICER	40.00	Highest	$615,346	$66,973	$682,319
LANCE TORCOM	SVP & CHIEF MANAGED CARE OFFICER	40.00	Highest	$575,904	$95,078	$670,982
HOWARD P KERN	CEO EMERITUS	40.00	Highest	$5,705,453	$42,542	$5,747,995
JENNIFER BODNER	SVP/CFO CARE DELIVERY	40.00	Highest	$647,694	$81,813	$729,507
LOUIS PATALANO IV	FORMER OFFICER	0.00		$210,869	$6	$210,875
VICKY G GRAY	FORMER KE	0.00		$122,129	$0	$122,129
GRACE R HINES	FORMER T5	0.00		$721,840	$50,624	$772,464

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	$485,099,155	$390,471,283	$7,144,421,433	$94,627,872
2022	$401,206,637	$280,286,551	$6,930,695,848	$120,920,086
2021	$1,030,614,538	$212,895,073	$7,353,677,948	$817,719,465
2020	$471,601,927	$183,460,750	$6,181,127,270	$288,141,177
2019	$244,219,286	$170,154,577	$4,932,585,843	$74,064,709
2018	$228,910,548	$167,178,124	$4,108,352,962	$61,732,424

SENTARA HEALTH