INOVA HEALTH CARE SERVICES

EIN: 540620889 501(c)(3) Health Care

FAIRFAX, VA

Total Revenue
$5,667,336,357
Total Expenses
$5,406,947,957
Total Assets
$7,346,820,217
Net Assets
$4,233,673,162
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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
1956
Legal Domicile
VA
Principal Officer
J Stephen Jones MD
Phone
5714728123
Tax Period
2023-01-01 to 2023-12-31

INOVA HEALTH CARE SERVICES, founded in 1956, is a large national nonprofit in the Health Care sector that reported $5.7B in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $5.4B left a modest 5% surplus.

Mission

IHCS's mission is to maintain and operate hospitals that provide quality care to the community.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $63,321,186
Program Service Revenue $5,264,468,782
Investment Income $78,470,904
Other Revenue $261,075,485
TOTAL REVENUE $5,667,336,357

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,929,059,891
Fundraising Expenses $0
Program Expenses $4,553,586,181
Other Expenses $2,477,888,066
TOTAL EXPENSES $5,406,947,957

Year-over-Year Comparison

2023 2022 Change
Revenue $5,667,336,357 $5,068,330,080 +0.1%
Expenses $5,406,947,957 $4,952,842,506 +0.1%
Net Income $260,388,400 $115,487,574 +1.3%
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

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Governance

Voting Members
3
Independent Members
N/A
Employees
27723
Volunteers
1450

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
4
$11,132,130
Total Directors
3
$8,946,342
Key Employees
9
$13,067,993
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
J STEPHEN JONES MD PRESIDENT/CEO 35.00
Officer Director
$5,480,396 $70,495 $5,550,891
JOHN GAUL SECRETARY 35.00
Officer Director
$1,217,563 $256,021 $1,473,584
ALICE POPE TREASURER-CFO 35.00
Officer Director
$1,619,969 $301,898 $1,921,867
STEPHEN MOTEW CHIEF CLINICAL ENTERPRISE 40.00
Officer
$1,841,518 $344,270 $2,185,788
JOHN MOYNIHAN PRESIDENT SURGICAL SERVICE 40.00
Key Emp
$1,317,222 $91,777 $1,408,999
ANUJ NARANG PRESIDENT IFMC & PEDIATRIC SERVICE 40.00
Key Emp
$1,379,053 $307,996 $1,687,049
NILESH VYAS DIVISION CHIEF 40.00
Key Emp
$1,459,225 $93,320 $1,552,545
ZOBAIR YOUNOSSI PRESIDENT INOVA MEDICINE 40.00
Key Emp
$1,258,858 $92,480 $1,351,338
HARVEY MCDUFFIE SVP PRESIDENT INOVA REALTY 40.00
Key Emp
$1,082,426 $71,974 $1,154,400
SUSAN CARROLL PRESIDENT ILH 40.00
Key Emp
$965,090 $211,214 $1,176,304
TERRI FEELY CHIEF PEOPLE OFFICER IHS 40.00
Key Emp
$1,215,529 $287,161 $1,502,690
TONI ARDABELL CHIEF CLINICAL ENTERPRISE OPERATIONS 40.00
Key Emp
$1,776,758 $71,876 $1,848,634
DAVID QUIRKE EVP CIO 40.00
Key Emp
$1,379,187 $6,847 $1,386,034
JAMES ECKLUND PRESIDENT NEUROSCIENCES 40.00
Highest
$2,749,469 $97,545 $2,847,014
JOHN HAMILTON PHYSICIAN 40.00
Highest
$2,145,419 $102,021 $2,247,440
CHRISTOPHER O'CONNOR PRESIDENT IHVI 40.00
Highest
$1,758,228 $57,302 $1,815,530
JAMES ST LOUIS PHYSICIAN 40.00
Highest
$1,799,324 $74,171 $1,873,495
ROBIN WEST PRESIDENT MUSCULOSKETETAL 40.00
Highest
$1,805,775 $80,465 $1,886,240
CHRISTOPHER CHIANTELLA FORMER CHIEF MEDICAL OFFICER 40.00
$540,706 $89,727 $630,433
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 $5,667,336,357 $5,406,947,957 $7,346,820,217 $260,388,400
2022 $5,068,330,080 $4,952,842,506 $7,072,230,197 $115,487,574
2021 $4,432,994,698 $4,216,192,995 $6,535,236,447 $216,801,703
2020 $3,834,513,226 $3,544,490,528 $6,418,021,982 $290,022,698
2019 $3,233,381,886 $3,074,752,381 $5,237,587,498 $158,629,505
2018 $3,058,952,450 $2,893,875,679 $5,112,809,613 $165,076,771
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