RICHMOND, VA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)VIRGINIA HOSPITAL RESEARCH AND EDUCATION FOUNDATION, founded in 1964, is a community nonprofit that reported $6.7M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year.
VIRGINIA HOSPITAL RESEARCH & EDUCATION FOUNDATION (DBA VHHA FOUNDATION) STRIVES TO IMPROVE THE HEALTH OF VIRGINIANS THROUGH COLLABORATION, RESEARCH AND EDUCATION FOR VIRGINIA'S HOSPITALS AND HEALTH SYSTEMS. VHREF PROVIDES CONTINUING PROFESSIONAL EDUCATION PROGRAMMING TO VIRGINIA HEALTH CARE LEADERS AND PROFESSIONALS THROUGH CONFERENCES, SEMINARS AND WEBINARS. VHREF ALSO SUPPORTS RESEARCH AND PATIENT SAFETY AND QUALITY PROGRAMS IN VIRGINIA'S HOSPITALS THROUGH THE IDENTIFICATION OF GRANTS AND OTHER FUNDING OPPORTUNITIES.
VHHA FOUNDATION ADMINISTERED A NUMBER OF EXTERNALLY FUNDED GRANTS AND AWARDS THAT SUPPORTED OUR MISSION, MANY OF WHICH WERE AWARDED BY STATE AGENCIES IN VIRGINIA. WITH GENEROUS SUPPORT FROM OUR...
VHHA FOUNDATION ADMINISTERED A NUMBER OF EXTERNALLY FUNDED GRANTS AND AWARDS THAT SUPPORTED OUR MISSION, MANY OF WHICH WERE AWARDED BY STATE AGENCIES IN VIRGINIA. WITH GENEROUS SUPPORT FROM OUR PARTNERS, THESE FUNDS HELPED US FACILITATE COLLABORATIVES AIMED AT IMPROVEMENTS IN THE HEALTH CARE SYSTEM AND IN THE OVERALL HEALTH OF VIRGINIA'S COMMUNITIES.
VIRGINIA HOSPITAL RESEARCH AND EDUCATION FOUNDATION'S PATIENT SAFETY ORGANIZATION (PSO) CONTINUED TO ASSIST VIRGINIA HOSPITALS IN PROVIDING THE SAFEST AND HIGHEST QUALITY OF CARE TO THEIR PATIENTS...
VIRGINIA HOSPITAL RESEARCH AND EDUCATION FOUNDATION'S PATIENT SAFETY ORGANIZATION (PSO) CONTINUED TO ASSIST VIRGINIA HOSPITALS IN PROVIDING THE SAFEST AND HIGHEST QUALITY OF CARE TO THEIR PATIENTS. THE PSO ALLOWS FOR TRENDING AND IDENTIFICATION OF IMPROVEMENT OPPORTUNITIES AND AVOIDANCE OF HARM ACROSS MULTIPLE ORGANIZATIONS USING BOTH STATE AND NATIONAL COMPARATIVE DATA.
IN FY25, VHHA FOUNDATION HOSTED 3 IN-PERSON CONFERENCES, ONE FOCUSED ON HEALTHCARE LEADERSHIP, ONE FOCUSED ON EMERGENCY PREPAREDNESS AND ONE FOCUSED ON BEHAVIORAL HEALTH INITIATIVES. TWO VIRTUAL...
IN FY25, VHHA FOUNDATION HOSTED 3 IN-PERSON CONFERENCES, ONE FOCUSED ON HEALTHCARE LEADERSHIP, ONE FOCUSED ON EMERGENCY PREPAREDNESS AND ONE FOCUSED ON BEHAVIORAL HEALTH INITIATIVES. TWO VIRTUAL CONFERENCES WERE ALSO OFFERED, ONE FOCUSED ON IMPROVING PATIENT SAFETY AND HEALTHCARE QUALITY AND THE OTHER ON ADDRESSING WORKFORCE CHALLENGES. A QUALITY SAFETY CERTIFICATE WAS ALSO OFFERED AND WAS SUPPORTED BY REGISTRATION FEES, AS WELL AS A SIX SIGMA PROGRAM.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $6,710,920 | $7,907,898 | -0.2% |
| Expenses | $6,582,934 | $8,014,424 | -0.2% |
| Net Income | $127,986 | $-106,526 | -2.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MICHAEL I ELLIOTT | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MARK S NANTZ | VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MICHAEL J DACEY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ERIC DEATON | DIRECTOR (THRU 4/25) | 1.00 |
Director
|
$0 | $0 | $0 |
| JOANNE INMAN | DIRECTOR (THRU 4/25) | 1.00 |
Director
|
$0 | $0 | $0 |
| WILLIAM LUNN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL LUTES | DIRECTOR (START 4/25) | 1.00 |
Director
|
$0 | $0 | $0 |
| MARY MANNIX | DIRECTOR (START 4/25) | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL P MCDERMOTT | DIRECTOR (THRU 4/25) | 1.00 |
Director
|
$0 | $0 | $0 |
| STEVE NARANG | DIRECTOR (START 4/25) | 1.00 |
Director
|
$0 | $0 | $0 |
| SEAN T CONNAUGHTON | PRESIDENT | 1.00 |
Officer
|
$0 | $51,480 | $992,655 |
| ELIZABETH A MCNAMEE | CFHRO | 1.00 |
Officer
|
$0 | $37,891 | $296,525 |
| KELLY CANNON | CEO | 40.00 |
Officer
|
$0 | $31,656 | $226,015 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $6,710,920 | $6,582,934 | $6,465,499 | $127,986 |
| 2024 | $7,907,898 | $8,014,424 | $6,417,566 | $-106,526 |
| 2023 | $8,145,300 | $7,651,851 | $7,693,566 | $493,449 |
| 2022 | $5,671,711 | $6,004,972 | $8,765,703 | $-333,261 |
| 2021 | $4,279,945 | $4,392,493 | $6,359,004 | $-112,548 |
| 2020 | $3,836,342 | $4,115,156 | $7,588,041 | $-278,814 |
| 2019 | $1,993,790 | $2,142,909 | $5,834,030 | $-149,119 |
| 2018 | $1,697,124 | $1,819,475 | $5,700,721 | $-122,351 |
Compare VIRGINIA HOSPITAL RESEARCH AND EDUCATION FOUNDATION with other nonprofits in Virginia and across the country.