Carilion New River Valley Medical Center

EIN: 540553805 501(c)(3) Health Care

Roanoke, VA

Total Revenue
$358,113,887
Total Expenses
$299,102,268
Total Assets
$505,192,407
Net Assets
$413,804,623
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1941
Legal Domicile
VA
Phone
5402245102
Tax Period
2023-10-01 to 2024-09-30

Carilion New River Valley Medical Center, founded in 1941, is a major nonprofit in the Health Care sector that reported $358.1M in total revenue in fiscal year 2023. Revenue surged 20% from the prior year, signaling strong growth momentum. The organization ran a surplus of $59.0M, a strong 16% operating margin.

Mission

Our mission is to improve the health of the communities we serve through our commitment to a common purpose of better patient care, better community health, and lower cost.

Program Service Accomplishments

Program 1
Expenses: $248,513,330 Revenue: $327,869,122

Carilion New River Valley Medical Center, part of Carilion Clinic, is a not-for-profit healthcare organization committed to improving health outcomes for every patient while advancing the quality of...

Read more

Carilion New River Valley Medical Center, part of Carilion Clinic, is a not-for-profit healthcare organization committed to improving health outcomes for every patient while advancing the quality of care in the community it serves. The medical center is a modern hospital facility with diagnostic and medical and surgical care, a Level III Trauma emergency department, and Carilion Clinic Saint Albans Hospital for psychiatry and behavioral medicine. Carilion New River Valley Medical Center (CNRV) exists to serve the health care needs of its community, regardless of a patient's ability to pay. CNRV admitted 7,671 patients, provided 37,506 days of care during the year, and delivered 739 babies. Hospital programs include the provision of nursing care, extensive outpatient and inpatient medical, surgical and endoscopic services, comprehensive heart treatment with interventional cardiac catheterization, diagnostic, therapeutic and rehab solutions, and diagnostic imaging services including CT, MRI, PET/CT, mammography, x-ray and ultrasound. Additional specialty surgical care includes advanced surgery with robotics, general and vascular surgery, orthopedics, urology, gynecologic, neurosurgery, plastic surgery and ENT care. Medical care in pulmonary, neurology, physical medicine and pediatrics support patient care. With 17% of its inpatient admissions representing psychiatric admissions and a significant outpatient presence in behavioral medicine, CNRV plays a critical role in providing mental health services to the region. CNRV is a Level III trauma center and provides a home base for Lifeguard, the emergency medical air transport that serves the surrounding area. CNRV provides several inpatient and outpatient services targeting the specific health needs of its population, including diabetes management, home health and hospice, physical, speech, occupational and pediatric therapy programs, and cardiac and respiratory rehab. CNRV also provides an emergency department with 24-hour care and emergency transportation. With 31,414 visits, CNRV's emergency services are a critical component of the health safety net in its service area, acting as the primary health provider for a significant number of uninsured patients, who comprise nearly 5 percent of ED visits. In furtherance of its mission, CNRV provides extensive uncompensated care and community support. Activities include numerous community screening events and education on chronic disease prevention and management. CNRV also champions and supports a Medication Assistance Program in partnership with community-based social services. Stated at cost, total financial assistance and other community benefits for the year exceeded $4.1 million.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $183,877
Program Service Revenue $327,753,803
Investment Income $28,589,988
Other Revenue $1,586,219
TOTAL REVENUE $358,113,887

Expense Breakdown

Grants Paid $203,815
Salaries & Benefits $98,106,054
Fundraising Expenses $0
Program Expenses $248,513,330
Other Expenses $200,792,399
TOTAL EXPENSES $299,102,268

Year-over-Year Comparison

2023 2022 Change
Revenue $358,113,887 $298,379,865 +0.2%
Expenses $299,102,268 $278,301,998 +0.1%
Net Income $59,011,619 $20,077,867 +1.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
16
Independent Members
13
Employees
1757
Volunteers
59

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
8
$3,500,495
Total Directors
16
$1,508,262
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Diane Akers Director/Chair 2.5
Officer Director
$0 $0 $440
Sandra Davis Director/Vice Chair 1.2
Officer Director
$0 $0 $0
William Flattery Director/Sec/Treas./Hosp. VP 46.3
Officer Director
$319,259 $54,007 $373,266
Anthony Wilson Director 1.2
Director
$0 $0 $0
Ashish Raju MD Director 1.2
Director
$0 $21,717 $511,960
Bret Danilowicz PhD Director 1.2
Director
$0 $0 $0
Charles Bissell MD Director 1.2
Director
$0 $34,205 $622,156
J Thomas Ryan MD Director 1.2
Director
$0 $0 $0
James McAlister Director 1.2
Director
$0 $0 $0
Karla Udell Yates Director 1.2
Director
$0 $0 $0
Kevin Byrd Director 1.2
Director
$0 $0 $0
Michael Hickman Ed D Director 1.2
Director
$0 $0 $0
Peter Anderson PhD Director 1.2
Director
$0 $0 $0
Richard Harshberger Director 1.2
Director
$0 $0 $0
Vincent Hatcher Director 1.2
Director
$0 $0 $0
William Aden Director 1.2
Director
$0 $0 $440
Donald Halliwill Asst. Treasurer 0.5
Officer
$0 $167,911 $1,287,159
G Robert Vaughan Jr Asst. Treasurer 0.5
Officer
$0 $71,002 $529,010
J Harrison Lapuasa Asst. Treasurer 0.5
Officer
$0 $-1,202 $32,907
Julie Smith-Hamilton Asst. Secretary 0.5
Officer
$0 $18,375 $79,103
Nicholas Conte Asst. Secretary 1.0
Officer
$0 $174,893 $1,198,610
Donna Shelor Pharmacist 50.0
Highest
$175,072 $-11,648 $163,424
Kathleen Tickle Pharmacist 50.0
Highest
$175,244 $11,123 $186,367
Kristi Hall Nursing Senior Director 40.0
Highest
$166,733 $19,446 $186,179
Michael Czar Pharmacy Director 50.0
Highest
$167,181 $34,843 $202,024
Ralph Brown MD Physician 50.0
Highest
$263,647 $31,182 $294,829
David Hagadorn Former Officer 0.0
$0 $25,072 $184,176
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 $358,113,887 $299,102,268 $505,192,407 $59,011,619
2023 $298,379,865 $278,301,998 $440,585,289 $20,077,867
2022 $300,257,287 $283,842,583 $425,753,311 $16,414,704
2021 $312,850,170 $248,673,906 $461,004,073 $64,176,264
2020 $256,963,419 $224,096,504 $406,129,068 $32,866,915
2020 $256,963,419 $224,096,504 $406,129,068 $32,866,915
2019 $259,715,753 $211,681,591 $385,032,388 $48,034,162
2018 $240,936,069 $204,531,227 $354,911,781 $36,404,842
Explore More Nonprofits
Top 100 Nonprofits in Virginia Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare Carilion New River Valley Medical Center with other nonprofits in Virginia and across the country.