Carilion Clinic Foundation (EIN 541190773) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1982

Legal Domicile

Phone

5402245102

Tax Period

2023-10-01 to 2024-09-30

CARILION CLINIC FOUNDATION, founded in 1982, is a community nonprofit in the Health Care sector that reported $2.3M in total revenue in fiscal year 2017. Expenses of $2.1M left a modest 11% surplus.

Mission

Our mission is to improve the health of the communities served by Carilion Clinic through fundraising, grants, and other activities to support patient care, community needs, medical research, and capital needs.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $5,021,094

Program Service Revenue $1,693,829

Investment Income $6,390,573

Other Revenue $6,191

TOTAL REVENUE $13,111,687

Expense Breakdown

Grants Paid $1,084,478

Salaries & Benefits $1,079,759

Fundraising Expenses $1,072,841

Program Expenses $1,775,604

Other Expenses $1,206,851

TOTAL EXPENSES $3,371,088

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,111,687	$7,219,421	+0.8%
Expenses	$3,371,088	$2,703,221	+0.2%
Net Income	$9,740,599	$4,516,200	+1.2%

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

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

$3,093,882

Total Directors

$3,887,520

Key Employees

$344,016

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Robert Bennett	Director/Chair	1.0	Officer Director	$0	$0	$0
Abney Boxley III	Director	0.5	Director	$0	$0	$14,773
Dawn Long	Director	0.5	Director	$0	$0	$0
Eddie Smith	Director	0.5	Director	$0	$0	$0
George Cartledge Jr	Director	0.5	Director	$0	$0	$0
J David Wine	Director	0.5	Director	$0	$0	$0
James Hall Jr	Director	0.5	Director	$0	$0	$0
James Hartley	Director	0.5	Director	$0	$0	$30,000
Kimberly Blair	Director	0.5	Director	$0	$0	$0
Nancy Howell Agee	Director/CEO, Carilion Clinic	1.0	Director	$0	$1,792	$3,832,497
Sandra Lovinguth PhD	Director	0.5	Director	$0	$0	$0
Stephen Musselwhite	Director	0.5	Director	$0	$0	$0
William Kingery Jr	Director	0.5	Director	$0	$0	$10,250
Donald Halliwill	Asst. Treasurer	0.5	Officer	$0	$167,911	$1,287,159
G Robert Vaughan Jr	Treasurer	0.5	Officer	$0	$71,002	$529,010
Julie Smith-Hamilton	Asst. Secretary	0.5	Officer	$0	$18,375	$79,103
Nicholas Conte	Secretary	2.0	Officer	$0	$174,893	$1,198,610
Ralph Alee	Vice President	50.0	Key Emp	$263,084	$80,932	$344,016
Amy Bridge	Director Foundation Operations	40.0	Highest	$120,526	$17,379	$137,905
Taylor Adkins	Director of Philanthropy	50.0	Highest	$140,209	$13,623	$153,832

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	$13,111,687	$3,371,088	$72,379,968	$9,740,599
2023	$7,219,421	$2,703,221	$58,873,163	$4,516,200
2022	$9,171,220	$2,715,970	$51,141,669	$6,455,250
2021	$36,598,972	$2,270,491	$47,693,016	$34,328,481
2020	$4,803,158	$1,988,085	$15,119,789	$2,815,073
2019	$10,497,928	$1,811,148	$12,493,404	$8,686,780
2018	$2,298,741	$2,056,295	$4,240,879	$242,446

Carilion Clinic Foundation