Carilion Services Inc (EIN 541190879) - Form 990 Financial Analysis & Trantor Score

🔒

Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1982

Legal Domicile

Phone

5402245102

Tax Period

2023-10-01 to 2024-09-30

CARILION SERVICES INC, founded in 1982, is a major nonprofit in the Health Care sector that reported $267.7M in total revenue in fiscal year 2017. Net assets of $631.9M represent 28 months of operating reserves.

Mission

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.

🔒

Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $679,330

Program Service Revenue $409,171,271

Investment Income $15,420,372

Other Revenue $1,799,978

TOTAL REVENUE $427,070,951

Expense Breakdown

Grants Paid $0

Salaries & Benefits $239,815,133

Fundraising Expenses $0

Program Expenses $383,502,819

Other Expenses $172,326,545

TOTAL EXPENSES $412,141,678

Year-over-Year Comparison

	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%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

2855

Volunteers

N/A

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

$8,579,096

Total Directors

$6,789,309

Key Employees

$1,738,419

Highest Compensated

reported

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

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	$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

Carilion Services Inc