Roanoke, VA
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Sign In — Free (10 views/day)Carilion Services Inc, founded in 1982, is a major nonprofit in the Health Care sector that reported $427.1M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $412.1M left a modest 3% surplus.
Our mission is to improve the health of the communities we serve through our commitment to a common purpose of better patient care, better community health, and lower cost.
Carilion Services, Inc. (CSI) is an affiliate of Carilion Clinic, a not-for-profit health system headquartered in Roanoke, Virginia serving a population of approximately 1 million Virginians and West...
Carilion Services, Inc. (CSI) is an affiliate of Carilion Clinic, a not-for-profit health system headquartered in Roanoke, Virginia serving a population of approximately 1 million Virginians and West Virginians. Carilion is the largest private employer west of Richmond, Virginia with nearly 15,000 employees, including more than 800 physicians and 500 Advanced Practice Professionals across 86 medical specialties at nearly 300 practice sites and seven hospitals (1,026 beds) over a 200-mile geography in western Virginia. CSI assists in fulfilling Carilion's mission to improve the health of the communities it services by providing management and administrative support services to Carilion affiliates. Its centralized services enhance our core hospital and physician business for cost-effectiveness, compliance, and quality. CSI provides management leadership and oversight for information technology, human resources, legal services, patient billing, accounting and finance, internal audit, privacy and compliance, materials management, marketing & communications, community health and outreach, market planning and development and overall wellness services. In addition, through its ownership of Carilion Clinic Patient Transportation, LLC, CSI staffs medical air transport helicopters which flew 1,765 patients and operates a ground service which provided 16,735 medical transports during the year. It also provides medical staffing to its supported affiliate hospitals through its Carilion Professional Services, LLC division. CSI's support assisted the Clinic's hospitals in admitting 48,209 patients, serving 174,201 emergency visits, and providing 270,789 days of care during the year, supporting patient services at physician practices, and providing programs designed to serve the health needs of the area. Such programs led or supported by CSI include community health screenings, education on chronic disease prevention and management, a community health workforce, collaboration with community organizations to identify and address health needs, and providing patients with financial assistance. To advance its mission to improve health regardless of patient ability to pay, Carilion provides extensive uncompensated care and community benefits. Stated at cost, the Carilion Clinic system together provided nearly $87 million in uncompensated care and other community support in fiscal year 2024.
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)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $427,070,951 | $382,602,553 | +0.1% |
| Expenses | $412,141,678 | $376,025,019 | +0.1% |
| Net Income | $14,929,273 | $6,577,534 | +1.3% |
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 |
|---|---|---|---|---|---|---|
| Donald Halliwill | Director/Asst. Treasurer | 42.5 |
Officer
Director
|
$1,119,248 | $167,911 | $1,287,159 |
| G Robert Vaughan Jr | Director/Treasurer/SVP | 44.5 |
Officer
Director
|
$458,008 | $71,002 | $529,010 |
| Nancy Howell Agee | Director/President/CEO, Carilion Clinic | 39.0 |
Officer
Director
|
$3,830,705 | $1,792 | $3,832,497 |
| Jeanne Armentrout | Director | 46.0 |
Director
|
$1,093,617 | $47,026 | $1,140,643 |
| J Harrison Lapuasa | Asst. Treasurer | 36.5 |
Officer
|
$34,109 | $-1,202 | $32,907 |
| Julie Smith-Hamilton | Asst. Secretary | 36.0 |
Officer
|
$60,728 | $18,375 | $79,103 |
| Nicholas Conte | Secretary | 34.0 |
Officer
|
$1,023,717 | $174,893 | $1,198,610 |
| Steven Arner | Vice President/COO, Carilion Clinic | 0.0 |
Officer
|
$1,410,192 | $209,618 | $1,619,810 |
| Matthew Barr | VP Accounting Services/Revenue Cycle | 50.0 |
Key Emp
|
$344,943 | $31,993 | $376,936 |
| Paul Hudgins | Senior Vice President/CHRO | 50.0 |
Key Emp
|
$566,125 | $111,355 | $677,480 |
| R Keith Perry | Senior Vice President/CIO | 50.0 |
Key Emp
|
$595,777 | $88,226 | $684,003 |
| Donna Littlepage | Senior Vice President | 50.0 |
Highest
|
$417,109 | $77,483 | $494,592 |
| Fred Greear | Vice President | 50.0 |
Highest
|
$572,943 | $177,036 | $749,979 |
| Nathaniel Bishop DMin | Senior Vice President | 50.0 |
Highest
|
$405,958 | $4,086 | $410,044 |
| Stephen Morgan MD | Senior Vice President/CMIO | 50.0 |
Highest
|
$704,037 | $82,804 | $786,841 |
| Tom Hill | Senior Vice President | 50.0 |
Highest
|
$437,104 | $43,434 | $480,538 |
| David Hagadorn | Former Officer | 0.0 |
|
$159,104 | $25,072 | $184,176 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $427,070,951 | $412,141,678 | $1,225,982,731 | $14,929,273 |
| 2023 | $382,602,553 | $376,025,019 | $1,131,010,157 | $6,577,534 |
| 2022 | $379,747,521 | $377,095,243 | $995,517,464 | $2,652,278 |
| 2021 | $339,416,707 | $334,141,124 | $929,594,621 | $5,275,583 |
| 2020 | $302,052,496 | $320,096,416 | $938,637,589 | $-18,043,920 |
| 2019 | $285,536,868 | $279,988,354 | $904,033,763 | $5,548,514 |
| 2018 | $267,707,517 | $265,476,443 | $805,087,779 | $2,231,074 |
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