POTOMAC HOSPITAL CORPORATION OF PR… - 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

1968

Legal Domicile

Principal Officer

JEFF JOYNER

Phone

7574557020

Tax Period

2023-01-01 to 2023-12-31

POTOMAC HOSPITAL CORPORATION OF PRINCE WILLIAM, founded in 1968, is a major nonprofit in the Health Care sector that reported $311.1M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

AS PART OF SENTARA HEALTH'S INTEGRATED HEALTH CARE SYSTEM, WE IMPROVE HEALTH EVERY DAY THROUGH THE OPERATION OF A HOSPITAL AND OTHER HEALTH CARE FACILITIES IN PRINCE WILLIAM, SOUTHERN FAIRFAX, AND NORTHERN STAFFORD COUNTIES, FOR THE CARE OF ALL PERSONS REGARDLESS OF RACE, COLOR OR CREED, WHO ARE SUFFERING FROM ANY ILLNESS, INJURY OR DISABILITY WHICH MAY REQUIRE HOSPITAL AND OTHER HEALTH CARE.

Program Service Accomplishments

Program 1

Expenses: $235,153,888 Revenue: $310,922,210

SENTARA NORTHERN VIRGINIA MEDICAL CENTER ("SNVMC") PROVIDES INPATIENT AND OUTPATIENT MEDICAL SERVICES THROUGH THE OPERATION OF A 183-BED TERTIARY AND ACUTE CARE HOSPITAL THAT SERVES THE INCREASINGLY DIVERSE COMMUNITY IN PRINCE WILLIAM, SOUTHERN FAIRFAX, AND NORTHERN STAFFORD COUNTIES. THE HOSPITAL PROVIDED 102,567 ADJUSTED PATIENT DAYS OF CARE DURING 2023 AND OFFERS A WIDE RANGE OF MEDICAL SPECIALTIES, A HIGHLY QUALIFIED MEDICAL AND CLINICAL STAFF, AND STATE-OF-THE-ART TECHNOLOGY REQUIRED TO UPHOLD ITS MISSION. SNVMC ALSO OPERATES AN OFF-SITE OUTPATIENT CAMPUS THAT OFFERS 24-HOUR EMERGENCY CARE, DOCTORS' OFFICES, AND QUALITY DIAGNOSTIC TESTING INCLUDING ADVANCED IMAGING AND LAB SERVICES. SEE SCHEDULE O FOR ADDITIONAL INFORMATION.

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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 $32,379

Program Service Revenue $310,922,210

Investment Income $130,670

Other Revenue $16,543

TOTAL REVENUE $311,101,802

Expense Breakdown

Grants Paid $4,860,923

Salaries & Benefits $127,133,284

Fundraising Expenses $0

Program Expenses $235,153,888

Other Expenses $179,658,995

TOTAL EXPENSES $311,653,202

Year-over-Year Comparison

	2023	2022	Change
Revenue	$311,101,802	$283,948,396	+0.1%
Expenses	$311,653,202	$300,035,251	+0.0%
Net Income	$-551,400	$-16,086,855	-1.0%

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

N/A

Employees

1195

Volunteers

120

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

$5,672,417

Total Directors

$5,525,181

Key Employees

$916,587

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUGLAS J MOYER	CHAIR	1.00	Officer Director	$0	$109,540	$816,131
JOANNE M INMAN	DIRECTOR	1.00	Director	$0	$118,644	$701,480
MICHAEL V GENTRY	DIRECTOR (THROUGH 5/23)	1.00	Director	$0	$78,055	$2,220,921
TERRIE L EDWARDS	DIRECTOR (EFF 5/23)	1.00	Director	$0	$415,748	$1,786,649
KATHERINE A JOHNSON	PRESIDENT (THROUGH 1/23)	40.00	Officer	$230,121	$3,367	$511,883
ROBERT A BROERMANN	TREASURER/SECRETARY	1.00	Officer	$0	$135,907	$2,809,597
PAUL A GADEN	INTERIM PRESIDENT (1/23-6/23)	1.00	Officer	$0	$155,133	$1,212,995
JEFF JOYNER	PRESIDENT (EFF 6/23)	40.00	Officer	$283,577	$38,234	$321,811
CHRISTINA S GRABUS	KE (VP, OPERATIONS)	40.00	Key Emp	$317,932	$74,932	$392,864
VALERIE E KEANE	KE (VP, NURSE EXECUTIVE)	40.00	Key Emp	$330,752	$192,971	$523,723
ALICE TANG	VP/CMO	40.00	Highest	$563,179	$21,633	$584,812
DEIDRE H THOMAS	DIR,SURGICAL SERVICES - NV	40.00	Highest	$245,211	$101,953	$347,164
KATHY A COX	DIRECT CARE RN II	40.00	Highest	$246,142	$68,462	$314,604
EDWIN KULANDA	DIRECTY CARE RN II	40.00	Highest	$235,225	$62,383	$297,608
RYAN MAYORALGO	CLINICAL PHARMACIST - INPATIENT	40.00	Highest	$226,364	$41,176	$267,540
CORINDA V PIPPINS	FORMER OFFICER	0.00		$0	$31,312	$191,597
DORIS WARNER	FORMER KE	40.00		$223,374	$53,685	$277,059

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	$311,101,802	$311,653,202	$210,205,031	$-551,400
2022	$283,948,396	$300,035,251	$185,521,834	$-16,086,855
2021	$277,138,219	$270,176,435	$183,083,900	$6,961,784
2020	$275,054,484	$247,638,408	$183,897,739	$27,416,076
2019	$251,019,701	$240,216,773	$201,583,786	$10,802,928
2018	$223,862,570	$236,795,593	$193,770,620	$-12,933,023

POTOMAC HOSPITAL CORPORATION OF PRINCE WILLIAM