INOVA HEALTH SYSTEM FOUNDATION (EIN 541071867) - Form 990 Financial Analysis & Trantor Score

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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

1977

Legal Domicile

Principal Officer

J STEPHEN JONES MD

Phone

5714728123

Tax Period

2024-01-01 to 2024-12-31

INOVA HEALTH SYSTEM FOUNDATION, founded in 1977, is a major nonprofit in the Health Care sector that reported $885.9M in total revenue in fiscal year 2024. The organization ran a surplus of $830.8M, a strong 94% operating margin.

Mission

INOVA HEALTH SYSTEM FOUNDATION, THE PARENT COMPANY OF INOVA HEALTH SYSTEM, OVERSEES AND COORDINATES THE ACTIVITIES OF INOVA HEALTH SYSTEM TO ENSURE THAT THEY FURTHER FOUNDATION'S AND SYSTEM'S TAX-EXEMPT PURPOSES AND SERVES AS A CHARITABLE FOUNDATION TO SUPPORT INOVA'S TAX-EXEMPT ENTITIES.

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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 $44,324,894

Program Service Revenue $-1,777,973

Investment Income $826,991,109

Other Revenue $16,368,005

TOTAL REVENUE $885,906,035

Expense Breakdown

Grants Paid $26,107,043

Salaries & Benefits $11,038,664

Fundraising Expenses $10,937,701

Program Expenses $42,388,611

Other Expenses $17,967,042

TOTAL EXPENSES $55,112,749

Year-over-Year Comparison

	2024	2023	Change
Revenue	$885,906,035	$903,496,197	0.0%
Expenses	$55,112,749	$62,751,510	-0.1%
Net Income	$830,793,286	$840,744,687	0.0%

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

Employees

Volunteers

129

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

$10,443,527

Total Directors

$7,179,294

Key Employees

$746,521

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEAN STACK	TRUSTEE	3.00	Director	$0	$0	$0
PAUL SAVILLE	TREASURER	3.00	Officer Director	$0	$0	$0
RENEE DESILVA	SECRETARY	3.00	Officer Director	$0	$0	$0
ALAN DABBIERE	TRUSTEE	3.00	Director	$0	$0	$0
TERRI MCCLEMENTS	TRUSTEE	3.00	Director	$0	$0	$0
JEFFREY MCKAY	TRUSTEE	3.00	Director	$0	$0	$0
MARK MOORE	TRUSTEE	3.00	Director	$0	$0	$0
NAZZIC KEENE	CHAIRMAN	3.00	Officer Director	$0	$0	$0
CHARLES BEARD	TRUSTEE	3.00	Director	$0	$0	$0
PAUL MISENER	TRUSTEE	3.00	Director	$0	$0	$0
LESLEY KALAN	TRUSTEE	3.00	Director	$0	$0	$0
J STEPHEN JONES	CEO, PRESIDENT	13.00	Officer Director	$0	$73,485	$6,579,453
MADELINE ERARIO MD	TRUSTEE	40.00	Director	$0	$123,214	$599,841
JILL DUNCAN	TRUSTEE	3.00	Director	$0	$0	$0
KATHRYN FALK	TRUSTEE	3.00	Director	$0	$0	$0
RICARDO TALENTO	ASST TREASURER/CFO BEG 1/1/24	13.00	Officer	$0	$174,348	$876,724
JOHN GAUL	ASST SEC/CHIEF LEGAL OFFICER	12.00	Officer	$0	$108,811	$1,788,449
ALICE POPE	ASST TREASURER/CFO ENDING 1/1/24	13.00	Officer	$0	$73,326	$1,198,901
STEVEN NORRIS	PRESIDENT SVP IHS FOUNDATION	40.00	Key Emp	$671,603	$74,918	$746,521
AMY RICHARDS	AVP PHILANTHROPY PROGRAM LEADER	40.00	Highest	$265,199	$80,266	$345,465
LAURA MOSES	AVP FOUNDATION OPS AND FINANCE	40.00	Highest	$308,348	$66,163	$374,511
SUZANNE QUINN	AVP PHILANTHROPY PROGRAM L	40.00	Highest	$273,605	$62,926	$336,531
JANET FILIP	EXEC DIR PHILANTHROPY	40.00	Highest	$226,133	$86,316	$312,449
SHANNON HISKEY	EXEC DIR PHILANTHROPY	40.00	Highest	$240,729	$60,808	$301,537
SAGE BOLTE	FORMER PPRESIDENT IHS FOUNDATION	40.00		$0	$152,264	$983,337
CHRISTOPHER SMITH	FORMER VP FINANCE IAH	40.00		$0	$104,808	$563,061
TERRI FEELY	FORMER CHIEF PEOPLE OFFICER IHS	10.00		$0	$142,904	$1,825,387

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	$885,906,035	$55,112,749	$9,169,739,339	$830,793,286
2023	$903,496,197	$62,751,510	$7,860,546,699	$840,744,687
2022	$-714,218,363	$62,680,221	$7,010,668,996	$-776,898,584
2021	$1,284,842,416	$47,163,476	$8,018,486,010	$1,237,678,940
2020	$824,217,139	$46,657,835	$6,680,265,525	$777,559,304
2019	$821,639,394	$58,662,095	$5,727,201,448	$762,977,299
2018	$-134,687,991	$52,774,360	$4,798,487,417	$-187,462,351

INOVA HEALTH SYSTEM FOUNDATION