SENTARA HOSPITALS (EIN 541547408) - 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

1990

Legal Domicile

Principal Officer

TERRIE L EDWARDS

Phone

7574557020

Tax Period

2023-01-01 to 2023-12-31

SENTARA HOSPITALS, founded in 1990, is a large national nonprofit in the Health Care sector that reported $4.0B in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $3.5B left a modest 12% surplus.

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 $3,972,074

Program Service Revenue $3,984,598,866

Investment Income $1,756,397

Other Revenue $3,484,370

TOTAL REVENUE $3,993,811,707

Expense Breakdown

Grants Paid $65,910,601

Salaries & Benefits $1,542,286,184

Fundraising Expenses $0

Program Expenses $3,158,134,035

Other Expenses $1,892,122,348

TOTAL EXPENSES $3,500,319,133

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,993,811,707	$3,417,538,288	+0.2%
Expenses	$3,500,319,133	$3,083,094,466	+0.1%
Net Income	$493,492,574	$334,443,822	+0.5%

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

17900

Volunteers

596

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

$12,625,728

Total Directors

$12,625,728

Key Employees

$10,685,245

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENNIS A MATHEIS	DIRECTOR/CHAIR	2.00	Officer Director	$0	$84,854	$5,808,561
MICHAEL V GENTRY	DIRECTOR/PRESIDENT (THROUGH 5/23)	2.00	Officer Director	$0	$78,055	$2,220,921
ROBERT A BROERMANN	DIRECTOR/TREASURER	2.00	Officer Director	$0	$135,907	$2,809,597
TERRIE L EDWARDS	DIRECTOR/INTERIM PRESIDENT (EFF 5/23)	40.00	Officer Director	$1,370,901	$415,748	$1,786,649
AMBER PRICE	KE (PRESIDENT, SWRMC)	40.00	Key Emp	$447,585	$55,770	$503,355
CHRISTOPHER P PIERSON	KE (COO, SNGH)	40.00	Key Emp	$491,948	$70,088	$562,036
DAVID J MASTERSON	KE (PRESIDENT, SOH)	40.00	Key Emp	$625,380	$104,326	$729,706
ELWOOD B BOONE III	KE (PRESIDENT, SVBGH)	40.00	Key Emp	$555,313	$114,127	$669,440
GENEMARIE W MCGEE	KE (CNO)	40.00	Key Emp	$627,196	$132,709	$1,093,755
JENNIFER L MCPHERREN	KE VP (SUPPLY CHAIN)	40.00	Key Emp	$577,260	$50,751	$628,011
JOANNE M INMAN	KE (PRESIDENT, SLH)	40.00	Key Emp	$582,836	$118,644	$701,480
KIRKPATRICK CONLEY	KE (REGIONAL PRESIDENT)	40.00	Key Emp	$800,183	$111,322	$911,505
LIISA KORTEGON	KE (PRESIDENT SNGH)	40.00	Key Emp	$814,809	$95,971	$910,780
PAUL A GADEN	KE (REGIONAL PRESIDENT)	40.00	Key Emp	$1,057,862	$155,133	$1,212,995
TIMOTHY S JENNINGS	KE (VP PHARMACY)	40.00	Key Emp	$495,691	$178,925	$674,616
TIMOTHY S SKEEN	KE (EVP & CIO)	40.00	Key Emp	$1,898,822	$188,744	$2,087,566
JOEL T BUNDY	VP, CHIEF QUALITY & SAFETY OFFICER	40.00	Highest	$688,188	$102,866	$791,054
MICHAEL H HOOPER	VP, CHIEF MEDICAL OFFICER	40.00	Highest	$547,014	$54,903	$682,472
JAMISSON FOWLER	SVP, CHIEF DIGITAL OFFICER	40.00	Highest	$516,050	$60,535	$576,585
JOHN MICHAEL EARGLE	DVP, STRATEGIC SERVICE LINES	40.00	Highest	$566,617	$56,453	$623,070
RHONDA MILLER	VP, CORPORATE REVENUE CYCLE	40.00	Highest	$542,773	$22,264	$565,037
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
ARTHUR D JAMES	FORMER KE	0.00		$0	$45,474	$1,193,758
KURT HOFELICH	FORMER KE	0.00		$0	$170,020	$825,419
ROBERT C FIRESTONE	FORMER KE	40.00		$332,268	$96,286	$428,554

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	$3,993,811,707	$3,500,319,133	$2,455,284,394	$493,492,574
2022	$3,417,538,288	$3,083,094,466	$2,148,162,045	$334,443,822
2021	$3,320,206,945	$2,773,247,940	$2,191,047,148	$546,959,005
2020	$2,791,436,196	$2,451,098,069	$1,920,008,370	$340,338,127
2019	$2,690,867,988	$2,359,501,118	$1,776,785,477	$331,366,870
2018	$2,462,166,696	$2,220,242,441	$1,596,270,537	$241,924,255

SENTARA HOSPITALS