Carilion New River Valley Medical Center (EIN 540553805) - 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

1941

Legal Domicile

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 $240.9M in total revenue in fiscal year 2017. The organization ran a surplus of $36.4M, a strong 15% 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.

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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 $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

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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

1757

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

$3,500,495

Total Directors

$1,508,262

Key Employees

Highest Compensated

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

Carilion New River Valley Medical Center