NEW RIVER VALLEY HEALTH 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

1984

Legal Domicile

Principal Officer

FRED L NEWHOUSE JR

Phone

5407312017

Tax Period

2023-01-01 to 2023-12-31

NEW RIVER VALLEY HEALTH FOUNDATION, founded in 1984, is a small nonprofit that reported $391K in total revenue in fiscal year 2023. Revenue surged 62% from the prior year, signaling strong growth momentum. Expenses of $2.2M exceeded revenue, resulting in a 450% operating deficit.

Mission

NEW RIVER VALLEY HEALTH FOUNDATION (THE FOUNDATION) IS A TAX-EXEMPT, NONSTOCK, NONPROFIT CORPORATION ORGANIZED TO PROMOTE AND FOSTER THE DEVELOPMENT OF COMMUNITY HEALTH ACTIVITIES FOR CHARITABLE AND EDUCATIONAL PURPOSES IN THE NEW RIVER VALLEY. THE FOUNDATION OFFERS FINANCIAL ASSISTANCE IN THE FORM OF CONTRIBUTIONS, LOANS, AND LEASING ARRANGEMENTS TO SELECTED ORGANIZATIONS WHO PRIMARILY ARE PROVIDERS OF HEALTH CARE SERVICES IN THE NEW RIVER VALLEY.

Program Service Accomplishments

Program 1

Expenses: $2,118,000 Revenue: $19,917

THE FOUNDATION'S PURPOSE IS TO PROMOTE AND FOSTER THE DEVELOPMENT OF COMMUNITY HEALTH ACTIVITIES FOR CHARITABLE AND EDUCATIONAL PURPOSES IN THE NEW RIVER VALLEY.

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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 $0

Investment Income $371,028

Other Revenue $19,917

TOTAL REVENUE $390,945

Expense Breakdown

Grants Paid $2,118,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,118,000

Other Expenses $33,904

TOTAL EXPENSES $2,151,904

Year-over-Year Comparison

	2023	2022	Change
Revenue	$390,945	$241,520	+0.6%
Expenses	$2,151,904	$834,829	+1.6%
Net Income	$-1,760,959	$-593,309	+2.0%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRED L NEWHOUSE JR	CHAIRMAN	2.00	Officer Director	$0	$0	$0
SHANNON ZEMAN	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
SALLY MCCARTHY	SECRETARY	2.00	Officer Director	$0	$0	$0
MICHAEL BARBER	TREASURER	2.00	Officer Director	$0	$0	$0
JERRY SMITH	DIRECTOR	1.00	Director	$0	$0	$0
JEFF L IRBY	DIRECTOR	1.00	Director	$0	$0	$0
DAVID HAGADORN	DIRECTOR	1.00	Director	$0	$0	$0
FREDERICK KELLERMAN	DIRECTOR	1.00	Director	$0	$0	$0
VIRGINIA OUSLEY	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH SHEFFEY	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN STONER	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE TURNER	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA GENTRY	DIRECTOR	5.00	Director	$0	$0	$0
PAT HUBER	DIRECTOR	1.00	Director	$0	$0	$0
LEE MATTHIS	DIRECTOR	1.00	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	$390,945	$2,151,904	$1,463,300	$-1,760,959
2022	$241,520	$834,829	$3,227,805	$-593,309
2021	$272,084	$237,495	$4,577,534	$34,589
2020	$86,171	$160,175	$4,291,404	$-74,004
2019	$131,231	$703,646	$4,133,419	$-572,415