VIRGINIA HOSPITAL AND HEALTHCARE A… - Form 990 Financial Data

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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

1962

Legal Domicile

Principal Officer

SEAN T CONNAUGHTON

Phone

8042973549

Tax Period

2024-10-01 to 2025-09-30

VIRGINIA HOSPITAL AND HEALTHCARE ASSOCIATION, founded in 1962, is a mid-sized nonprofit that reported $15.0M in total revenue in fiscal year 2024.

Mission

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.

Program Service Accomplishments

Program 1

THE VIRGINIA HOSPITAL & HEALTHCARE ASSOCIATION PROMOTES THE COMMON HEALTH CARE INDUSTRY INTERESTS OF VIRGINIA'S HOSPITALS AND HEALTH SYSTEMS THROUGH PUBLIC POLICY ADVOCACY, EDUCATIONAL PROGRAMMING...

THE VIRGINIA HOSPITAL & HEALTHCARE ASSOCIATION PROMOTES THE COMMON HEALTH CARE INDUSTRY INTERESTS OF VIRGINIA'S HOSPITALS AND HEALTH SYSTEMS THROUGH PUBLIC POLICY ADVOCACY, EDUCATIONAL PROGRAMMING, RESEARCH, AND PROJECT DEVELOPMENT.

Program 2

VHHA MEMBER PRIVATE ACUTE HOSPITALS ARE SUBJECT TO PAYMENT OF PROVIDER ASSESSMENTS UNDER THE STATE MEDICAID PROGRAM. THE PROVIDER ASSESSMENTS ARE HIGHLY TECHNICAL IN NATURE REQUIRING COMPLEX...

VHHA MEMBER PRIVATE ACUTE HOSPITALS ARE SUBJECT TO PAYMENT OF PROVIDER ASSESSMENTS UNDER THE STATE MEDICAID PROGRAM. THE PROVIDER ASSESSMENTS ARE HIGHLY TECHNICAL IN NATURE REQUIRING COMPLEX ACCOUNTING, RECONCILIATION, MANAGED CARE ORGANIZATION COMPLIANCE, AND UPPER PAYMENT LIMIT VALIDATION. TO ASSIST VHHA MEMBERS WITH THESE COMMON ACTIVITIES AND POOL RESOURCES NEEDED TO FINANCE THEM, VHHA SERVES AS A THIRD-PARTY ADMINISTRATOR AUTHORIZED TO PERFORM VARIOUS PROVIDER ASSESSMENT DUTIES ON BEHALF OF ITS MEMBERS. MOST, BUT NOT ALL VHHA MEMBERS ARE SUBJECT TO THE PROVIDER ASSESSMENT. IN ORDER TO PROPERLY ACCOUNT FOR THE FUNDS AND EXPENSES ASSOCIATED WITH THIS THIRD-PARTY ADMINISTRATOR ROLE AND TO ENSURE THAT THOSE NOT AFFECTED BY THE PROVIDER ASSESSMENT ARE NOT CHARGED FOR THESE SERVICES, VHHA HAS ESTABLISHED SEGREGATED FUNDS AND ACCOUNTS, WHICH ARE OVERSEEN BY A SEPARATE COMMITTEE OF THE VHHA BOARD.

Program 3

THE VIRGINIA HOSPITAL & HEALTHCARE ASSOCIATION SERVES AS A KEY LIAISON WITH THE PUBLIC HEALTH SECTOR GOVERNMENT AGENCIES TO PLAN FOR RESPONSES TO EMERGING PUBLIC HEALTH CHALLENGES THROUGH ITS...

THE VIRGINIA HOSPITAL & HEALTHCARE ASSOCIATION SERVES AS A KEY LIAISON WITH THE PUBLIC HEALTH SECTOR GOVERNMENT AGENCIES TO PLAN FOR RESPONSES TO EMERGING PUBLIC HEALTH CHALLENGES THROUGH ITS ADMINISTRATION OF THE HOSPITAL PREPAREDNESS PROGRAM THAT IS SUPPORTED WITH FEDERAL GRANT FUNDING. DURING PREVIOUS FISCAL YEARS, VHHA WAS INSTRUMENTAL IN ASSISTING OUR MEMBERS AND OTHER STAKEHOLDERS IN RESPONDING TO THE GLOBAL PANDEMIC THROUGH FULFILLING CRITICAL COLLABORATION AND COMMUNICATION ROLES, PROVIDING ACCURATE AND TIMELY DATA COLLECTION, SOURCING AND DISTRIBUTING PPE, TESTING AND VACCINATION.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $6,273,773

Program Service Revenue $6,011,880

Investment Income $1,925,982

Other Revenue $818,566

TOTAL REVENUE $15,030,201

Expense Breakdown

Grants Paid $3,000

Salaries & Benefits $6,033,689

Fundraising Expenses $0

Other Expenses $8,748,058

TOTAL EXPENSES $14,784,747

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,030,201	$14,644,476	+0.0%
Expenses	$14,784,747	$14,076,647	+0.1%
Net Income	$245,454	$567,829	-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

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

$1,289,180

Total Directors

$992,655

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK S NANTZ	CHAIR	1.00	Officer Director	$0	$0	$0
MICHAEL I ELLIOTT PHARMD	PAST CHAIR	1.00	Officer Director	$0	$0	$0
WILLIAM LUNN MD	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MICHAEL J DACEY MD	SEC/TREASURER	1.00	Officer Director	$0	$0	$0
STEVEN C ARNER	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM AYCOCK	DIRECTOR (FROM 07/17/25)	1.00	Director	$0	$0	$0
ERIC CONLEY	DIRECTOR (FROM 04/17/25)	1.00	Director	$0	$0	$0
B ERIC DEATON	DIRECTOR	1.00	Director	$0	$0	$0
KURT HOOKS	DIRECTOR	1.00	Director	$0	$0	$0
JOANN INMAN	DIRECTOR (THRU 04/17/25)	1.00	Director	$0	$0	$0
REESE JACKSON	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER T LANE	DIRECTOR	1.00	Director	$0	$0	$0
JEFF LINGERFELT	DIRECTOR	1.00	Director	$0	$0	$0
ALAN J LOMBARDO	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL LUTES	DIRECTOR	1.00	Director	$0	$0	$0
MARY N MANNIX	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL MCDERMOTT	DIRECTOR (TERM 04/25)	1.00	Director	$0	$0	$0
PETER M MULKEY	DIRECTOR	1.00	Director	$0	$0	$0
STEVE NARANG MD	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS NEWMAN	DIRECTOR (FROM 04/25)	1.00	Director	$0	$0	$0
THOMAS ORSINI	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA PASLEY-RICH	DIRECTOR	1.00	Director	$0	$0	$0
MICHELE RILEY-BROWN	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT RUCHTI	DIRECTOR	1.00	Director	$0	$0	$0
AMY SAMPSON	DIRECTOR	1.00	Director	$0	$0	$0
ERIK SHANNON	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD TUGMAN	DIRECTOR	1.00	Director	$0	$0	$0
VIVIAN WHITE	DIRECTOR	1.00	Director	$0	$0	$0
SEAN T CONNAUGHTON	PRESIDENT AND CEO	36.00	Officer Director	$941,175	$51,480	$992,655
ELIZABETH MCNAMEE	VP, CHIEF FINANCIAL AND HUMAN RESOURCES OFFICER	26.00	Officer	$258,634	$37,891	$296,525
R BRENT RAWLINGS	SR VP AND GENERAL COUNSEL	33.00	Highest	$449,182	$62,697	$511,879
ABRAHAM SEGRES	VP PATIENT SAFETY AND QUALITY	40.00	Highest	$278,800	$43,071	$321,871
CRAIG CONNORS	VP PAYOR RELATIONS	40.00	Highest	$256,924	$43,950	$300,874
JULIE DIME	VP GOVERNMENT RELATIONS	40.00	Highest	$227,752	$31,118	$258,870
JAMES ANDREWS	VP FINANCIAL POLICY	40.00	Highest	$234,270	$36,043	$270,313

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
2025	$15,030,201	$14,784,747	$24,582,517	$245,454
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