VIRGINIA HOSPITAL AND HEALTHCARE ASSOCIATION (EIN 540701665) - 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

1962

Legal Domicile

Principal Officer

SEAN T CONNAUGHTON

Phone

8042973549

Tax Period

2023-10-01 to 2024-09-30

VIRGINIA HOSPITAL & HEALTHCARE ASSOCIATION, founded in 1962, is a mid-sized nonprofit that reported $14.6M in total revenue in fiscal year 2017. Revenue decreased 7% compared to the prior year.

Mission

VHHA STRIVES TO MAKE VIRGINIA THE HEALTHIEST STATE IN THE NATION. COLLABORATING WITH OUR MEMBERS AND STAKEHOLDERS, VHHA WORKS TO ENSURE THE SUSTAINABILITY OF VIRGINIA'S HEALTH CARE SYSTEM AND IMPROVE THE HEALTH OF ALL VIRGINIANS.

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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 $6,500,830

Program Service Revenue $5,700,196

Investment Income $1,281,399

Other Revenue $1,162,051

TOTAL REVENUE $14,644,476

Expense Breakdown

Grants Paid $5,000

Salaries & Benefits $5,776,891

Fundraising Expenses $0

Other Expenses $8,294,756

TOTAL EXPENSES $14,076,647

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,644,476	$14,131,143	+0.0%
Expenses	$14,076,647	$13,274,636	+0.1%
Net Income	$567,829	$856,507	-0.3%

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

Governance

Voting Members

Independent Members

Employees

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

$1,243,174

Total Directors

$978,101

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SEAN T CONNAUGHTON	PRESIDENT/CEO	36.00	Officer Director	$928,478	$49,623	$978,101
MICHAEL I ELLIOTT	CHAIR	1.00	Officer Director	$0	$0	$0
MARK S NANTZ	VICE CHAIR	1.00	Officer Director	$0	$0	$0
WILLIAM LUNN	SEC/TREASURER	1.00	Officer Director	$0	$0	$0
ALAN J LOMBARDO	DIRECTOR	1.00	Director	$0	$0	$0
AMY CARRIER	DIRECTOR (THRU 1/25/24)	1.00	Director	$0	$0	$0
AMY SAMPSON	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA PASLEY-RICH	DIRECTOR (FROM 4/17/24)	1.00	Director	$0	$0	$0
B ERIC DEATON	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER T LANE	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG KENT	DIRECTOR (THRU 1/25/24)	1.00	Director	$0	$0	$0
ERIK SHANNON	DIRECTOR (FROM 4/17/24)	1.00	Director	$0	$0	$0
JEFF LINGERFELT	DIRECTOR	1.00	Director	$0	$0	$0
JOANNE M INMAN	DIRECTOR	1.00	Director	$0	$0	$0
KURT HOOKS	DIRECTOR	1.00	Director	$0	$0	$0
MARY N MANNIX	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL J DACEY	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL LUTES	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL P MCDERMOTT	DIRECTOR	1.00	Director	$0	$0	$0
MICHELE RILEY-BROWN	DIRECTOR	1.00	Director	$0	$0	$0
PETER M MULKEY	DIRECTOR	1.00	Director	$0	$0	$0
REESE JACKSON	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD TUGMAN	DIRECTOR (FROM 4/17/24)	1.00	Director	$0	$0	$0
ROBERT RUCHTI	DIRECTOR	1.00	Director	$0	$0	$0
STEVE MOTEW	DIRECTOR (THRU 1/25/24)	1.00	Director	$0	$0	$0
STEVE NARANG	DIRECTOR (FROM 4/17/24)	1.00	Director	$0	$0	$0
STEVEN C ARNER	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS ORSINI	DIRECTOR	1.00	Director	$0	$0	$0
VIVIAN WHITE	DIRECTOR (FROM 11/30/23)	1.00	Director	$0	$0	$0
ELIZABETH MCNAMEE	VP, CHIEF FINANCIAL AND HR OFFICER	26.00	Officer	$222,771	$42,302	$265,073
R BRENT RAWLINGS	SR. VP/GENERAL COUNSEL	33.00	Highest	$472,382	$61,282	$533,664
ABRAHAM SEGRES	VP OF QUALITY AND SAFETY	40.00	Highest	$299,410	$54,545	$353,955
JULIE DIME	VP OF GOVERNMENTAL AFFAIRS	40.00	Highest	$245,035	$40,325	$285,360
CRAIG CONNORS	SR. DIR PAYOR RELATIONS	40.00	Highest	$242,938	$43,230	$286,168
JAMES ANDREWS III	VP OF FINANCIAL POLICY	40.00	Highest	$223,996	$43,883	$267,879

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	$14,644,476	$14,076,647	$24,068,427	$567,829
2023	$14,131,143	$13,274,636	$21,119,857	$856,507
2022	$16,016,280	$14,888,681	$19,632,684	$1,127,599
2021	$18,293,974	$17,119,701	$19,880,672	$1,174,273
2020	$14,251,875	$14,908,571	$19,997,064	$-656,696
2019	$17,915,689	$14,427,278	$20,795,671	$3,488,411
2018	$14,552,878	$15,390,740	$17,470,880	$-837,862

VIRGINIA HOSPITAL AND HEALTHCARE ASSOCIATION