BEDFORD, VA
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)BEDFORD MEMORIAL HOSPITAL, founded in 1957, is a mid-sized nonprofit in the Health Care sector that reported $53.3M in total revenue in fiscal year 2023. The organization ran a surplus of $8.4M, a strong 16% operating margin.
THE MISSION OF BEDFORD MEMORIAL HOSPITAL, A 501(C)(3) HOSPITAL, IS TO IMPROVE THE HEALTH OF THE COMMUNITY IT SERVES. (CONTINUED ON SCHEDULE O)
BEDFORD MEMORIAL HOSPITAL EXISTS TO SERVE THE HEALTHCARE NEEDS OF ITS COMMUNITY, REGARDLESS OF PATIENT ABILITY TO PAY. BEDFORD'S ACUTE HOSPITAL ADMITTED 1,182 PATIENTS DURING 2023 AND PROVIDED 5,026...
BEDFORD MEMORIAL HOSPITAL EXISTS TO SERVE THE HEALTHCARE NEEDS OF ITS COMMUNITY, REGARDLESS OF PATIENT ABILITY TO PAY. BEDFORD'S ACUTE HOSPITAL ADMITTED 1,182 PATIENTS DURING 2023 AND PROVIDED 5,026 DAYS OF CARE DURING THE YEAR. HOSPITAL PROGRAMS INCLUDE PROVISION OF NURSING CARE; EXTENSIVE INPATIENT AND OUTPATIENT SURGICAL AND ENDOSCOPIC SERVICES; AND DIAGNOSTIC IMAGING SERVICES INCLUDING CT, MRI, AND MAMMOGRAPHY. BEDFORD PROVIDES A NUMBER OF SERVICES TARGETING THE SPECIFIC HEALTH NEEDS OF ITS POPULATION, INCLUDING DIABETES MANAGEMENT; HOME HEALTH AND HOSPICE CARE; PHYSICAL, SPEECH, AND OCCUPATIONAL THERAPY PROGRAMS; AN ADULT DAY CARE CENTER; AND CARDIAC AND RESPIRATORY REHAB. BEDFORD ALSO PROVIDES AN EMERGENCY DEPARTMENT WITH 24-HOUR CARE, EMERGENCY TRANSPORTATION, AND A CHEST PAIN AND STROKE PROGRAM. WITH 23,280 VISITS DURING 2023, BEDFORD'S EMERGENCY DEPARTMENT SERVICES ARE A CRITICAL COMPONENT OF THE HEALTH SAFETY NET IN ITS SERVICE AREA, ACTING AS A KEY HEALTH PROVIDER FOR A SIGNIFICANT NUMBER OF UNINSURED PATIENTS. 2023 COMMUNITY BENEFIT HIGHLIGHTS . IN FURTHERANCE OF ITS MISSION, BEDFORD PROVIDED EXTENSIVE UNCOMPENSATED CARE DURING 2023, $1,864,763 IN CHARGES AT AN ESTIMATED COST OF $409,659WAS CONTRIBUTED AS TRADITIONAL CHARITY CARE TO PATIENTS WHO DID NOT HAVE THE ABILITY TO PAY. ELIGIBILITY FOR CHARITY CARE IS BASED ON POVERTY INCOME LEVELS SET BY THE STATE. . CHARGES OF $6,107,887, AT AN ESTIMATED COST OF $1,344,767 WAS CONTRIBUTED AS BAD DEBT TO PATIENTS WHO DID NOT HAVE THE ABILITY TO PAY. . LOSS FROM MEDICARE BASED ON COST TO CHARGE RATIO TOTALED $1,216,168. IN 2023, CENTRA BEDFORD MEMORIAL HOSPITAL CONTINUED ITS COMMITMENT TO STRONG PARTNERSHIPS AND ENGAGEMENT WITHIN THE BEDFORD AREA. CBMH AWARDED $131,000 IN GRANTS AND SPONSORSHIPS TO COMMUNITY ORGANIZATIONS. AS IN PREVIOUS YEARS, CENTRA'S COMMUNITY HEALTH NEEDS ASSESSMENT PROVIDED INSIGHT AND DIRECTION ON WHERE TO FOCUS OUR EFFORTS AS COMMUNITY PARTNERS AND ADVOCATES. ACCESS TO HEALTHCARE SERVICES, MENTAL HEALTH & SUBSTANCE USE, AND ISSUES AFFECTING CHILDREN WERE PRIORITIES IN PLANNING COMMUNITY ENGAGEMENT ACTIVITIES. VOLUNTEERS IN 2023, 59 VOLUNTEERS DONATED 5,110 HOURS OF SERVICE TO OUR VOLUNTEER PROGRAM IN 2023, CENTRA BEDFORD HOSPICE EXPERIENCED A SIGNIFICANT OUTPOURING OF COMMUNITY SUPPORT THROUGH THE BEDFORD HOSPICE VOLUNTEER PROGRAM. THIS REPORT HIGHLIGHTS THE INVALUABLE CONTRIBUTION MADE BY VOLUNTEERS, HIGHLIGHTING THEIR DEDICATION, COMPASSION, AND SELFLESSNESS IN SERVING PATIENTS AND FAMILIES WITHIN THE HOSPICE PROGRAM. THROUGH OUT THE YEAR, BEDFORD HOSPICE VOLUNTEERS GENEROUSLY DONATED 3,245.03 HOURS OF THEIR TIME TO SUPPORT THE PROGRAM, EXTENDING THEIR COMMITMENT TO VARIOUS ESSENTIAL TASKS, INCLUDING MEAL AND MEDICATION DELIVERY, PATIENT INTERACTION, AND EMOTIONAL SUPPORT THROUGH PHONE CALLS, HOME VISITS, CARD SENDING, AND CRAFTING BLANKETS AND NECK PILLOWS. THE PROGRAM ALSO HONORS HOSPICE VETERANS WITH A SPECIAL PINNING CEREMONY, AND VOLUNTEERS PROVIDE OFFICE SUPPORT TO HOSPICE STAFF. ADDITIONALLY, VOLUNTEERS COLLECTIVELY DONATED 26,985 MILES BY DRIVING THEIR OWN CARS TO PROVIDE HOSPICE SERVICES. THE COLLECTIVE EFFORTS OF BEDFORD HOSPICE VOLUNTEERS IN 2023 RESULTED IN SUBSTANTIAL COST SAVINGS FOR CENTRA BEDFORD HOSPICE. BY VOLUNTEERING THEIR TIME AND RESOURCES, THESE INDIVIDUALS CONTRIBUTED TO A TOTAL SAVINGS OF $73,547.81 FOR CENTRA HOSPICE. THIS SIGNIFICANT FINANCIAL BENEFIT UNDERSCORES THE INDISPENSABLE ROLE PLAYED BY VOLUNTEERS IN SUPPLEMENTING THE HOSPITAL'S OPERATIONS AND DELIVERING ESSENTIAL SERVICES TO THE COMMUNITY. THE FOLLOWING IS A LIST OF COMMUNITY BENEFIT PROGRAMS/EVENTS AND NUMBER OF PARTICIPANTS. . BABY SITTING CLASSES-1 EVENT, 10 PARTICIPANTS . CANCER EDUCATION (ALL) - 3 EVENTS, 10 PARTICIPANTS . CPR/FIRST AID CLASSES-1 EVENT . MENTAL HEALTH/DEPRESSION EDUCATION -1 EVENT, 20 PARTICIPANTS . SENIORS EDUCATION AND OUTREACH - 7 EVENTS, 370 PARTICIPANTS . SPEAKERS BUREAU (HEALTH TOPICS)-1 EVENT, 32 PARTICIPANTS IN 2023, THE TOTAL COMMUNITY BENEFIT REALIZED FOR BEDFORD MEMORIAL HOSPITAL WAS $35,775.
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)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $53,292,387 | $49,940,863 | +0.1% |
| Expenses | $44,886,760 | $44,842,209 | +0.0% |
| Net Income | $8,405,627 | $5,098,654 | +0.6% |
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| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| AMY CARRIER | CENTRA PRESIDENT/CEO | 2.0 |
Director
|
$0 | $275,838 | $1,559,458 |
| HOLLY TRENT | DIRECTOR/SECRETARY & TREASURER | 2.0 |
Officer
Director
|
$0 | $74,595 | $816,816 |
| DARLENE NIGRO | DIRECTOR | 2.0 |
Director
|
$0 | $53,370 | $418,557 |
| WILLIAM BASS JR | VP & BMH CEO | 50.0 |
Officer
|
$281,386 | $15,115 | $296,501 |
| TARA ANGE | RN ACUTE CARE WEO A | 50.0 |
Highest
|
$131,429 | $48,954 | $180,383 |
| MEGAN HORTON | MANAGER PHARMACY OPERATIONS | 50.0 |
Highest
|
$166,847 | $11,557 | $178,404 |
| STACEY VAUGHT | CNO & INTERIM HOSP. PRESIDENT | 50.0 |
Officer
Director
|
$169,250 | $5,008 | $174,258 |
| KATHRYN RIDILLA | PHARMACIST | 50.0 |
Highest
|
$150,173 | $9,438 | $159,611 |
| SARAH KURTZ | DIRECTOR SURGICAL SERVICES | 50.0 |
Highest
|
$143,376 | $10,864 | $154,240 |
| GINGER MCCALL | SUPERVISOR ADMINISTRATIVE | 50.0 |
Highest
|
$130,580 | $286 | $130,866 |
| CYNTHIA GUNNOE | CHAIR | 2.0 |
Officer
Director
|
$0 | $0 | $0 |
| MARY ZIRKLE | VICE CHAIR | 2.0 |
Officer
Director
|
$0 | $0 | $0 |
| DAVID SENSENIG | DIRECTOR | 2.0 |
Director
|
$0 | $0 | $0 |
| RHETTA WATKINS | DIRECTOR | 2.0 |
Director
|
$0 | $0 | $0 |
| JANICE LUTH | DIRECTOR | 2.0 |
Director
|
$0 | $0 | $0 |
| TIMOTHY HAYDEN | DIRECTOR | 2.0 |
Director
|
$0 | $0 | $0 |
| LEE ANN CALVERT | DIRECTOR | 2.0 |
Director
|
$0 | $0 | $0 |
| ROBERT FEUERSTEIN DO | DIRECTOR | 2.0 |
Director
|
$0 | $0 | $0 |
| EDWARD D HUFF JR | DIRECTOR | 2.0 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $53,292,387 | $44,886,760 | $36,484,228 | $8,405,627 |
| 2022 | $49,940,863 | $44,842,209 | $41,836,048 | $5,098,654 |
| 2021 | $58,938,493 | $43,333,048 | $39,050,429 | $15,605,445 |
| 2020 | $44,686,074 | $41,839,063 | $49,553,536 | $2,847,011 |
| 2019 | $45,271,644 | $43,431,202 | $46,208,603 | $1,840,442 |
| 2018 | $40,568,084 | $44,111,198 | $45,307,614 | $-3,543,114 |
Compare BEDFORD MEMORIAL HOSPITAL with other nonprofits in Virginia and across the country.