HALIFAX REGIONAL HOSPITAL INC (EIN 540648699) - 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

1948

Legal Domicile

Principal Officer

BRIAN K ZWOYER

Phone

4345173183

Tax Period

2023-01-01 to 2023-12-31

HALIFAX REGIONAL HOSPITAL INC, founded in 1948, is a mid-sized nonprofit in the Health Care sector that reported $83.7M in total revenue in fiscal year 2018. Revenue decreased 5% compared to the prior year.

Mission

AS PART OF SENTARA HEALTH'S INTEGRATED HEALTH CARE SYSTEM, WE IMPROVE HEALTH EVERY DAY.

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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 $73,617

Program Service Revenue $102,945,254

Investment Income $-3,803,017

Other Revenue $40,660

TOTAL REVENUE $99,256,514

Expense Breakdown

Grants Paid $2,116,024

Salaries & Benefits $46,258,992

Fundraising Expenses $0

Program Expenses $98,617,385

Other Expenses $80,466,702

TOTAL EXPENSES $128,841,718

Year-over-Year Comparison

	2023	2022	Change
Revenue	$99,256,514	$103,666,091	0.0%
Expenses	$128,841,718	$122,363,127	+0.1%
Net Income	$-29,585,204	$-18,697,036	+0.6%

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

481

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

$3,515,164

Total Directors

$3,829,390

Key Employees

$483,130

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROL C THOMAS	DIRECTOR/CHAIR	1.60	Officer Director	$0	$0	$40,000
HABIB BASSIL MD	DIRECTOR/SECRETARY	1.00	Officer Director	$63,375	$0	$63,375
MEGAN R PERRY	DIRECTOR/TREASURER	1.00	Officer Director	$0	$186,150	$1,793,140
PAUL A GADEN	DIRECTOR/VICE CHAIR	1.00	Officer Director	$0	$155,133	$1,212,995
DABNEY TP GILLIAM JR	DIRECTOR	1.00	Director	$0	$0	$0
DAVID H WHITE JR	DIRECTOR	1.00	Director	$0	$0	$0
J KENNETH MORGAN	DIRECTOR	1.00	Director	$0	$0	$0
JEREMY SATTERFIELD	DIRECTOR	1.00	Director	$0	$0	$0
JOANNE M INMAN	DIRECTOR	1.00	Director	$0	$118,644	$701,480
KATHRYN F ROBERTS	DIRECTOR	1.00	Director	$0	$0	$0
SAID B ISKANDAR MD	DIRECTOR (VOTING EX-OFFICIO)	1.00	Director	$0	$0	$0
TERRANCE J TRUITT MD	DIRECTOR	1.00	Director	$18,400	$0	$18,400
VALDIVIA T MARSHALL	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM E COLEMAN	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN K ZWOYER	PRESIDENT	40.00	Officer	$315,243	$90,411	$405,654
NICOLE L DOCKERY	KE (DIR PATIENT CARE SVCS)	40.00	Key Emp	$218,985	$37,542	$256,527
SHERRI F BEE	KE (DIR CARDIAC SVCS)	40.00	Key Emp	$173,090	$53,513	$226,603
JONI O ABBOTT	PHYSICIAN	40.00	Highest	$350,238	$51,947	$402,185
KWADWO BARYEH	PHYSICIAN	40.00	Highest	$547,043	$28,232	$575,275
PABLO SOUZA MD	PHYSICIAN	40.00	Highest	$365,518	$77,364	$442,882
VICTOR MIHAL	PHYSICIAN	40.00	Highest	$365,605	$32,173	$397,778
CANDACE CLOCKER	PHYSICIAN	40.00	Highest	$282,844	$39,018	$321,862
MICHAEL V GENTRY	FORMER OFFICER	0.00		$0	$78,055	$2,220,921

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	$99,256,514	$128,841,718	$51,020,502	$-29,585,204
2022	$103,666,091	$122,363,127	$55,731,524	$-18,697,036
2021	$103,521,526	$109,096,142	$53,542,456	$-5,574,616
2020	$85,918,796	$88,299,139	$49,612,708	$-2,380,343
2019	$87,405,897	$90,426,609	$50,187,984	$-3,020,712
2018	$83,730,729	$85,389,837	$50,881,985	$-1,659,108

HALIFAX REGIONAL HOSPITAL INC