SOUTHERN DOMINION HEALTH SYSTEM INC (EIN 541282624) - 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

1985

Principal Officer

EDDIE JETER

Phone

4346962165

Tax Period

2024-01-01 to 2024-12-31

SOUTHERN DOMINION HEALTH SYSTEMS INC, founded in 1998, is a community nonprofit that reported $8.3M in total revenue in fiscal year 2018. Expenses of $8.0M left a modest 3% surplus.

Mission

TO PROVIDE QUALITY FOCUSED, COST EFFECTIVE, PATIENT-BASED HEALTH SERVICES WITH DIGNITY AND RESPECT TO ALL PEOPLE, WITHOUT REGARD TO THEIR FINANCES, CULTURE OR LIFESTYLE AND TO PROVIDE THE EDUCATION AND SUPPORT TO PROMOTE THEIR PARTICIPATION IN HEALTH CARE DECISIONS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,704,470

Program Service Revenue $9,451,913

Investment Income $74,989

Other Revenue $359,699

TOTAL REVENUE $12,591,071

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,194,090

Fundraising Expenses $0

Program Expenses $8,114,959

Other Expenses $3,955,730

TOTAL EXPENSES $12,149,820

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,591,071	$9,847,609	+0.3%
Expenses	$12,149,820	$11,030,729	+0.1%
Net Income	$441,251	$-1,183,120	-1.4%

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

103

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

Total Directors

Key Employees

$160,385

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDDIE JETER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
EILEEN DUFFY	VICE-CHAIRMA	1.00	Officer Director	$0	$0	$0
LUTHER DRUMMOND	TREASURER	1.00	Officer Director	$0	$0	$0
LILLIAN STEWART	SECRETARY	1.00	Officer Director	$0	$0	$0
BEATRICE HEAD	BOARD MEMBER	1.00	Director	$0	$0	$0
JULIE ASHMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
HAROLD WALKER	BOARD MEMBER	1.00	Director	$0	$0	$0
DR ANGELA WILSON	BOARD MEMBER	1.00	Director	$0	$0	$0
WANDA HILL	BOARD MEMBER	1.00	Director	$0	$0	$0
TRACY GEE	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT CLEMENT	BOARD MEMBER	1.00	Director	$0	$0	$0
APRIL LONG	BOARD MEMBER	1.00	Director	$0	$0	$0
REBECCA REITZ	BOARD MEMBER	1.00	Director	$0	$0	$0
MARGARET MYERS	PHYSICIAN	32.00	Highest	$272,421	$8,068	$280,489
FITZGERALD MARCELIN	PHYSICIAN	40.00	Highest	$325,215	$9,624	$334,839
AMANDA RUSSELL	PHYSICIAN	40.00	Highest	$234,646	$6,931	$241,577
HYO PARK	PHYSICIAN	40.00	Highest	$276,452	$8,162	$284,614
DEBRA SEQUEIRA	PHYSICIAN	32.00	Highest	$276,452	$8,162	$284,614
APRIL KING	CEO	40.00	Key Emp	$155,853	$4,532	$160,385

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	$12,591,071	$12,149,820	$9,626,635	$441,251
2023	$9,847,609	$11,030,729	$8,912,821	$-1,183,120
2022	$11,926,556	$10,605,248	$10,145,888	$1,321,308
2021	$9,609,289	$9,905,957	$8,717,846	$-296,668
2020	$10,014,061	$9,172,477	$8,079,979	$841,584
2019	$9,254,890	$8,891,833	$7,140,270	$363,057
2018	$8,288,789	$8,021,606	$6,269,608	$267,183

SOUTHERN DOMINION HEALTH SYSTEM INC