SENTARA LIFE CARE CORPORATION (EIN 541217183) - 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

Principal Officer

PAUL GADEN

Phone

7574557020

Tax Period

2023-01-01 to 2023-12-31

SENTARA LIFE CARE CORPORATION, founded in 1982, is a mid-sized nonprofit in the Human Services sector that reported $77.9M in total revenue in fiscal year 2018. Revenue decreased 11% compared to the prior year. Expenses of $90.9M exceeded revenue, resulting in a 17% operating deficit.

Mission

AS PART OF SENTARA HEALTH'S INTEGRATED HEALTH CARE SYSTEM, WE IMPROVE HEALTH EVERY DAY.

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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 $0

Program Service Revenue $28,362,963

Investment Income $0

Other Revenue $754

TOTAL REVENUE $28,363,717

Expense Breakdown

Grants Paid $315,135

Salaries & Benefits $8,487,810

Fundraising Expenses $0

Program Expenses $22,467,415

Other Expenses $18,719,432

TOTAL EXPENSES $27,522,377

Year-over-Year Comparison

	2023	2022	Change
Revenue	$28,363,717	$25,610,922	+0.1%
Expenses	$27,522,377	$23,710,196	+0.2%
Net Income	$841,340	$1,900,726	-0.6%

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

122

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

$11,069,527

Total Directors

$12,625,728

Key Employees

$191,881

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENNIS A MATHEIS	DIRECTOR/CHAIR	1.00	Officer Director	$0	$84,854	$5,808,561
ROBERT A BROERMANN	DIRECTOR/TREASURER	1.00	Officer Director	$0	$135,907	$2,809,597
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
EARL J BARNES II	SECRETARY	1.00	Officer	$0	$143,768	$1,238,374
PAUL A GADEN	PRESIDENT	1.00	Officer	$0	$155,133	$1,212,995
MERINDA B FORD	KE DIRECTOR PACE PROGRAM	40.00	Key Emp	$156,837	$35,044	$191,881
LISA TUZON	TC, REHAB	40.00	Highest	$136,166	$28,751	$164,917
SHERON WEEKS WIGGINS	DIR NURSING - PACE	40.00	Highest	$149,332	$39,102	$188,434
SUSAN COURTNEY BROWN	PHYSICAL THERAPIST	40.00	Highest	$116,367	$17,460	$133,827
TRASHELLESABRINA BETHUNE	SITE DIRECTOR, PACE	40.00	Highest	$118,754	$43,413	$162,167
SHAKIRA ADKINS	TC, HOME CARE COORD - PACE	40.00	Highest	$113,635	$19,158	$132,793
LOUIS PATALANO IV	FORMER OFFICER	0.00		$0	$6	$210,875
HOWARD P KERN	FORMER OFFICER/DIRECTOR	0.00		$0	$42,542	$5,747,995
ANNIE M ALEXANDER	FORMER T5	0.00		$0	$50,091	$260,645
RHONDA S ROUSE	FORMER T5	0.00		$0	$29,224	$189,532

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	$28,363,717	$27,522,377	$8,032,079	$841,340
2022	$25,610,922	$23,710,196	$4,403,535	$1,900,726
2021	$20,999,677	$20,522,682	$4,182,798	$476,995
2020	$63,446,985	$55,255,537	$5,741,315	$8,191,448
2019	$76,095,498	$80,137,148	$44,157,960	$-4,041,650
2018	$77,942,093	$90,896,015	$58,240,292	$-12,953,922

SENTARA LIFE CARE CORPORATION