UVA PRINCE WILLIAM HEALTH SYSTEM

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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

1997

Legal Domicile

Principal Officer

L ERIK SHANNON

Phone

5712841163

Tax Period

2022-07-01 to 2023-06-30

UVA PRINCE WILLIAM HEALTH SYSTEM, founded in 1997, is a mid-sized nonprofit that reported $63.3M in total revenue in fiscal year 2022. Revenue surged 170% from the prior year, signaling strong growth momentum. Expenses of $76.9M exceeded revenue, resulting in a 22% operating deficit.

Mission

OUR MISSION TRANSFORMING HEALTH AND INSPIRING HOPE FOR ALL VIRGINIANS AND BEYOND. OUR VISION TO BE THE NATION'S LEADING PUBLIC ACADEMIC HEALTH SYSTEM AND A BEST PLACE TO WORK - WHILE TRANSFORMING PATIENT CARE, RESEARCH, EDUCATION, AND ENGAGEMENT WITH THE DIVERSE COMMUNITIES WE SERVE. OUR VALUES: ASPIRE AT UVA HEALTH, WE PUT THE PATIENT AT THE CENTER OF EVERYTHING WE DO. WE ASPIRE TO CREATE A CULTURE OF EXCELLENCE, ENGAGEMENT, AND TRUST THROUGH OUR VALUES. - ACCOUNTABILITY: ACKNOWLEDGING AND ASSUMING RESPONSIBILITY FOR WHERE WE HAVE SUCCEEDED AND FAILED IN TERMS OF OUR ACTIONS, DECISIONS, POLICIES, AND RESULTS. - STEWARDSHIP: RESPONSIBILITY AND CAREFULLY MANAGING OUR RESOURCES AND COMMITMENT TO CONTINUAL IMPROVEMENT AND LEARNING WHILE ACKNOWLEDGING SHORTCOMINGS OR PROBLEMS IN OUR QUEST. - PROFESSIONALISM: APPROACHING ALL THAT WE DO IN A COLLABORATIVE WAY AND DELIVERING EXCELLENT CARE THROUGH THE LENS OF HELPFULNESS, POSITIVITY, KINDNESS, AND COMPETENCY. - INTEGRITY: BEING HONEST, OPEN, AND FAIR THROUGH OUR BEHAVIORS, ATTITUDE, AND TREATMENT OF OTHERS. - RESPECT: VALUING EVERYONE THROUGH OUR COMPASSIONATE AND CARING WAYS. - EQUITY: FOSTERING AN ENVIRONMENT OF BELONGING THAT PROMOTES JUSTICE, EQUITY, DIVERSITY, INCLUSION, AND UNITY THROUGHOUT THE ORGANIZATION AND WITHIN THE COMMUNITIES WE SERVE.

Program Service Accomplishments

Program 1

Expenses: $60,620,904 Revenue: $43,883,468

UVA COMMUNITY HEALTH MEDICAL GROUP OFFERS PRIMARY CARE AND SPECIALTY CARE PHYSICIAN SERVICES THROUGH ITS 1,200+ PROVIDERS TO THE COMMUNITY AT OVER 50 LOCATIONS THROUGHOUT CENTRAL AND NORTHERN...

UVA COMMUNITY HEALTH MEDICAL GROUP OFFERS PRIMARY CARE AND SPECIALTY CARE PHYSICIAN SERVICES THROUGH ITS 1,200+ PROVIDERS TO THE COMMUNITY AT OVER 50 LOCATIONS THROUGHOUT CENTRAL AND NORTHERN VIRGINIA. THE ORGANIZATION'S OPERATIONS SERVE THE COMMUNITY BY PROVIDING ACCESS TO MUCH NEEDED HEALTHCARE SERVICES, REGARDLESS OF THE PATIENTS' ABILITY TO PAY. DURING FISCAL YEAR, 2023, THE PHYSICIAN PRACTICES HAD 246,211 OUTPATIENT ENCOUNTERS.

Program 2

Expenses: $9,592,323 Revenue: $15,598,374

UVA HEALTH CANCER CARE GAINESVILLE OFFERS EXPERT CANCER CARE TO THE ADULT RESIDENTS OF GAINESVILLE, VA AND THE SURROUNDING AREAS. THE ORGANIZATION'S OPERATIONS SERVE THE COMMUNITY BY PROVIDING ACCESS TO MUCH NEEDED HEALTHCARE SERVICES, REGARDLESS OF THE PATIENTS' ABILITY TO PAY. DURING FISCAL YEAR, 2023, THE CENTER HAD 23,867 OUTPATIENT ENCOUNTERS.

Program 3

Expenses: $3,222,505 Revenue: $3,224,525

UVA OUTPATIENT IMAGING CENTERVILLE OFFERS DIAGNOSTIC IMAGING SERVICES TO THE CENTERVILLE, VA AREA AND SURROUNDING AREAS. THE ORGANIZATION'S OPERATIONS SERVE THE COMMUNITY BY PROVIDING ACCESS TO MUCH NEEDED HEALTHCARE SERVICES, REGARDLESS OF THE PATIENTS' ABILITY TO PAY. DURING FISCAL YEAR, 2023, THE CENTER HAD 10,140 OUTPATIENT ENCOUNTERS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $62,616,367

Investment Income $6,584

Other Revenue $633,261

TOTAL REVENUE $63,256,212

Expense Breakdown

Grants Paid $0

Salaries & Benefits $59,321,366

Fundraising Expenses $0

Program Expenses $73,435,732

Other Expenses $17,607,640

TOTAL EXPENSES $76,929,006

Year-over-Year Comparison

	2022	2021	Change
Revenue	$63,256,212	$23,436,200	+1.7%
Expenses	$76,929,006	$33,314,767	+1.3%
Net Income	$-13,672,794	$-9,878,567	+0.4%

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

424

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

$1,588,848

Total Directors

$1,926,497

Key Employees

$384,049

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIRSTEN GREEN MD	TRUSTEE	0.20	Director	$0	$67,646	$961,852
CHRISTOPHER HEATON MD	TRUSTEE	45.00	Director	$413,954	$53,339	$467,293
VIKRAM S KHOT	TRUSTEE	45.00	Director	$10,456	$0	$10,456
STEVEN M DANZIGER	CHAIR	0.20	Officer Director	$0	$0	$0
CHARLES BARRELL	VICE CHAIR	0.20	Officer Director	$0	$0	$0
RICHARD HARRINGTON	SECRETARY	0.20	Officer Director	$0	$0	$0
STEPHEN NELSON	TREASURER	2.00	Officer Director	$0	$0	$0
MARY FRANCES SOUTHERLAND	TRUSTEE	0.20	Director	$0	$37,407	$486,896
MATTHEW GUILFOYLE	TRUSTEE	2.00	Director	$0	$0	$0
JACQUELINE KRICK	TRUSTEE	2.00	Director	$0	$0	$0
LISA ANN PEACOCK	TRUSTEE	0.20	Director	$0	$0	$0
MICHELLE METZGAR	TRUSTEE	0.20	Director	$0	$0	$0
PAM KINCHELOE RN JD	TRUSTEE	0.20	Director	$0	$0	$0
VIPUL PARIKH MD	TRUSTEE	0.20	Director	$0	$0	$0
L ERIK SHANNON	CH SYSTEM CEO / PRESIDENT	0.40	Officer	$0	$2,212	$925,348
CHARLES CODER	CH SYSTEM CFO & TREASURER	0.40	Officer	$0	$45,856	$663,500
JAMES B MIN	CLINICAL PHYSICIAN EXECUTIVE	50.00	Key Emp	$358,033	$26,016	$384,049
AHSAN Q JAFIR	CARDIOLOGIST	45.00	Highest	$648,922	$61,660	$710,582
ARA MATTHEW MARANIAN	CARDIOLOGIST	45.00	Highest	$588,328	$53,991	$642,319
DAVID MARK DEMARIA	CARDIOLOGIST	45.00	Highest	$484,584	$44,204	$528,788
RAZA YUNUS	CARDIOLOGIST	45.00	Highest	$478,134	$13,778	$491,912
IZUCHUKWU OBI	INPATIENT PHYSICIAN	45.00	Highest	$443,954	$45,455	$489,409
STEPHEN SMITH MD	FORMER PRES & COO (THRU 02/2022)	0.00		$0	$9,273	$775,027

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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$63,256,212	$76,929,006	$51,614,374	$-13,672,794
2022	$23,436,200	$33,314,767	$32,078,352	$-9,878,567
2021	$48,895,525	$65,234,877	$37,023,686	$-16,339,352
2020	$47,526,474	$61,882,209	$34,920,621	$-14,355,735
2019	$52,026,246	$65,624,827	$29,908,710	$-13,598,581
2018	$47,258,763	$58,548,489	$22,772,033	$-11,289,726