SENTARA HEALTH PLANS (EIN 541283337) - Form 990 Financial Analysis & Trantor Score

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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

1984

Legal Domicile

Principal Officer

COLIN DROZDOWSKI

Phone

7574557020

Tax Period

2023-01-01 to 2023-12-31

SENTARA HEALTH PLANS, founded in 1984, is a large national nonprofit in the Health Care sector that reported $5.2B in total revenue in fiscal year 2023. Revenue surged 56% from the prior year, signaling strong growth momentum.

Mission

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

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $5,239,687,228

Investment Income $8,531,274

Other Revenue $0

TOTAL REVENUE $5,248,218,502

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,425,350

Fundraising Expenses $0

Program Expenses $5,066,020,559

Other Expenses $5,164,203,667

TOTAL EXPENSES $5,167,629,017

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,248,218,502	$3,355,118,077	+0.6%
Expenses	$5,167,629,017	$3,298,306,217	+0.6%
Net Income	$80,589,485	$56,811,860	+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

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

$10,208,722

Total Directors

$7,863,249

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
COLIN DROZDOWSKI	DIRECTOR/PRESIDENT	22.00	Officer Director	$841,906	$197,193	$1,711,423
ROBERT C FORT	DIRECTOR/CHAIR	1.00	Officer Director	$0	$0	$0
CATHIE J VICK	DIRECTOR	1.00	Director	$0	$0	$0
FREDERICK C COBLE	DIRECTOR	1.00	Director	$0	$0	$0
G WILKINS HUBBARD II MD	DIRECTOR	1.00	Director	$0	$33,519	$296,997
J LES HALL	DIRECTOR	1.00	Director	$0	$0	$2,077
JEFFERY O SMITH ED D	DIRECTOR	1.00	Director	$0	$0	$44,191
DENNIS A MATHEIS	DIRECTOR	1.00	Director	$0	$84,854	$5,808,561
JAMES M REPP	DIRECTOR	1.00	Director	$0	$0	$0
EARL J BARNES II	SECRETARY	1.00	Officer	$0	$143,768	$1,238,374
JOHN E DEGRUTTOLA	SR. VP SALES & MKTING	22.00	Officer	$435,063	$118,109	$900,603
KHALED GHALEY	SR VP, OPS	22.00	Officer	$367,684	$68,049	$729,358
KRISTYN GREIFER	SR. VP/CMO	22.00	Officer	$334,169	$36,010	$637,037
PATRICIA DARNLEY	SR. VP, GOV'T PROGRAMS	22.00	Officer	$530,106	$173,297	$1,126,733
ROBERT A BROERMANN	TREASURER (THROUGH 11/23)	1.00	Officer	$0	$135,907	$2,809,597
SHARILYN CAMPBELL	SR. VP/CFO/TREASURER (EFF 11/23)	22.00	Officer	$554,101	$59,003	$1,055,597
LOUIS PATALANO IV	FORMER OFFICER	0.00		$0	$6	$210,875
MICHAEL V GENTRY	FORMER OFFICER	0.00		$0	$78,055	$2,220,921

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	$5,248,218,502	$5,167,629,017	$1,625,590,879	$80,589,485
2022	$3,355,118,077	$3,298,306,217	$887,162,964	$56,811,860
2021	$3,065,343,773	$2,968,045,173	$829,480,959	$97,298,600
2020	$2,879,270,413	$2,776,883,967	$823,607,403	$102,386,446
2019	$2,459,205,804	$2,493,498,070	$711,082,210	$-34,292,266
2018	$2,388,451,732	$2,248,662,995	$792,652,298	$139,788,737

SENTARA HEALTH PLANS