CENTRA HEALTH INC

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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

ROBERT TONKINSON

Phone

4342004712

Tax Period

2023-01-01 to 2023-12-31

CENTRA HEALTH INC, founded in 1962, is a large national nonprofit in the Health Care sector that reported $1.1B in total revenue in fiscal year 2023.

Mission

WE EXIST TO IMPROVE THE HEALTH AND QUALITY OF LIFE FOR THE COMMUNITIES WE SERVE.

Program Service Accomplishments

Program 1

Expenses: $889,114,695 Revenue: $1,129,605,535

AS A REGIONAL HEALTH CARE LEADER, CENTRA IS COMMITED TO IMPROVING THE HEALTH AND QUALITY OF LIFE OF THOSE WHO LIVE, WORK, AND PLAY IN THE CENTRAL VIRGINIA REGION. CENTRA HAS EARNED MANY NATIONAL...

AS A REGIONAL HEALTH CARE LEADER, CENTRA IS COMMITED TO IMPROVING THE HEALTH AND QUALITY OF LIFE OF THOSE WHO LIVE, WORK, AND PLAY IN THE CENTRAL VIRGINIA REGION. CENTRA HAS EARNED MANY NATIONAL AWARDS AND ACCOLADES FOR ITS QUALITY OF CARE. PLEASE SEE THE CONTINUATION OF OUR PROGRAM SERVICE ACCOMPLISHMENTS ON SCHEDULE O.

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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 (2023)

Revenue Breakdown

Contributions & Grants $6,592,685

Program Service Revenue $1,108,494,725

Investment Income $-9,078,255

Other Revenue $25,021,898

TOTAL REVENUE $1,131,031,053

Expense Breakdown

Grants Paid $4,011,101

Salaries & Benefits $576,357,306

Fundraising Expenses $0

Program Expenses $889,114,695

Other Expenses $533,081,569

TOTAL EXPENSES $1,113,449,976

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,131,031,053	$1,096,916,083	+0.0%
Expenses	$1,113,449,976	$1,097,407,500	+0.0%
Net Income	$17,581,077	$-491,417	-36.8%

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

7781

Volunteers

297

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

$1,559,458

Total Directors

$2,370,633

Key Employees

$6,420,058

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMY F CARRIER	CENTRA PRESIDENT/CEO	5.0	Officer Director	$1,283,620	$275,838	$1,559,458
MATTHEW SACKETT	DOCTOR MEDICAL	50.0	Highest	$1,222,412	$64,269	$1,286,681
MATTHEW FOSTER	SVP CHIEF PHYSICIAN EXECUTIVE	50.0	Key Emp	$1,193,656	$65,010	$1,258,666
DOUGLAS DAVENPORT	SVP CHIEF FINANCIAL OFFICER	50.0	Key Emp	$1,215,395	$30,806	$1,246,201
RICHARD KUK	DOCTOR MEDICAL	50.0	Highest	$1,148,133	$72,650	$1,220,783
KENNETH SAUM	DOCTOR MEDICAL	50.0	Highest	$1,155,528	$53,829	$1,209,357
JOSE SILVA	DOCTOR MEDICAL	50.0	Highest	$1,104,776	$69,607	$1,174,383
BIKRAM BAL	DOCTOR MEDICAL CSCH	50.0	Highest	$984,425	$20,230	$1,004,655
HOLLY TRENT	SVP CHIEF LEGAL OFFICER	50.0	Key Emp	$742,221	$74,595	$816,816
RICHARD TUGMAN	VP & CEO PCHP	50.0	Key Emp	$701,694	$77,124	$778,818
CHRISTOPHER LEWIS	SVP CHIEF CLINICAL OFFICER	50.0	Key Emp	$630,456	$145,619	$776,075
CAESAR GONZALES	VP CHIEF MEDICAL OFFICER	50.0	Key Emp	$495,394	$115,636	$611,030
CLINTON BEVERLY MD	DIRECTOR	50.0	Director	$573,377	$18,710	$592,087
JOAN DEAL	SVP CHIEF NURSING OFFICER	50.0	Key Emp	$409,830	$18,475	$428,305
JEFFERY WIGGINS	VP CHIEF COMPLIANCE OFFICER	50.0	Key Emp	$247,823	$51,193	$299,016
GEETA RAKHERAM MD	DIRECTOR	50.0	Director	$160,996	$58,092	$219,088
ROBIN HILDWEIN	SVP AND CHIEF INFO. OFFICER	50.0	Key Emp	$199,673	$5,458	$205,131
GEORGE R ZIPPEL	BOARD CHAIR	2.0	Officer Director	$0	$0	$0
THOMAS NYGAARD MD	BOARD VICE CHAIR	2.0	Officer Director	$0	$0	$0
MICHAEL V BRADFORD	DIRECTOR	2.0	Director	$0	$0	$0
PETER CAPRISE MD	DIRECTOR	2.0	Director	$0	$0	$0
SHARON L HARRUP	DIRECTOR	2.0	Director	$0	$0	$0
D TODD IRBY	DIRECTOR	2.0	Director	$0	$0	$0
KEMPER BEASLEY III	DIRECTOR	2.0	Director	$0	$0	$0
CYNTHIA GUNNOE	DIRECTOR	2.0	Director	$0	$0	$0
GARY MIGNOGNA	DIRECTOR	2.0	Director	$0	$0	$0
JOHN A FEES	DIRECTOR	2.0	Director	$0	$0	$0
ALISON MORRISON-SHETLAR	DIRECTOR	2.0	Director	$0	$0	$0
BERNADETTE SVRCEK	DIRECTOR	2.0	Director	$0	$0	$0
GLORIA T WITT	DIRECTOR	2.0	Director	$0	$0	$0
ELIZABETH COOK MD	EX-OFFICIO	2.0	Director	$0	$0	$0
CAROLYN W JACQUES	EX-OFFICIO	2.0	Director	$0	$0	$0

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	$1,131,031,053	$1,113,449,976	$1,504,732,242	$17,581,077
2022	$1,096,916,083	$1,097,407,500	$1,489,176,130	$-491,417
2021	$1,164,575,682	$1,058,237,529	$1,949,948,916	$106,338,153
2020	$1,098,467,451	$1,017,550,497	$1,863,162,363	$80,916,954
2019	$1,078,584,571	$1,070,043,791	$1,344,282,006	$8,540,780
2018	$976,294,289	$992,266,284	$1,265,868,801	$-15,971,995