CENTRA HEALTH INC

EIN: 540715569 501(c)(3) Health Care

Lynchburg, VA

Total Revenue
$1,131,031,053
Total Expenses
$1,113,449,976
Total Assets
$1,504,732,242
Net Assets
$760,030,216
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1962
Legal Domicile
VA
Principal Officer
ROBERT TONKINSON
Phone
4342004712
Tax Period
2023-01-01 to 2023-12-31

CENTRA HEALTH INC, founded in 1962, is a major nonprofit in the Health Care sector that reported $976.3M in total revenue in fiscal year 2018.

Mission

We exist to improve the health and quality of life for the communities we serve.

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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%)

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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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Governance

Voting Members
18
Independent Members
15
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
3
$1,559,458
Total Directors
18
$2,370,633
Key Employees
9
$6,420,058
Highest Compensated
5
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
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