Centra Health Foundation

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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

1991

Legal Domicile

Principal Officer

Elizabeth Doyle

Phone

4342004712

Tax Period

2023-01-01 to 2023-12-31

Centra Health Foundation, founded in 1991, is a mid-sized nonprofit in the Health Care sector that reported $19.3M in total revenue in fiscal year 2023. Revenue surged 379% from the prior year, signaling strong growth momentum. The organization ran a surplus of $12.0M, a strong 62% operating margin.

Mission

THE MISSION OF CENTRA HEALTH FOUNDATION IS TO DEVELOP RESOURCES FOR THE SUPPORT OF CENTRA HEALTH. THE MAJOR OBJECTIVES OF THE FOUNDATION ARE TO: 1. SPONSOR CENTRA HEALTH, INC. PROJECTS, PROGRAMS AND ACTIVITIES WHICH ADDRESS COMMUNITY HEALTH NEEDS. 2. DEVELOP RESOURCES TO SUPPORT PATIENTS AT CENTRA HEALTH WHO CANNOT AFFORD CARE. 3. ASSIST CENTRA HEALTH, INC. IN PROVIDING THE EQUIPMENT AND FACILITIES NECESSARY TO ASSURE EXCELLENT HEALTHCARE TO ITS PATIENTS. 4. PROVIDE SCHOLARSHIPS FOR CENTRA COLLEGE STUDENTS AND CONTINUING EDUCATIONAL SUPPORT FOR CENTRA HEALTH CAREGIVERS. CENTRA HEALTH FOUNDATION IS COMMITTED TO SERVE AS A GOOD STEWARD OF THE COMMUNITY'S RESOURCES ENTRUSTED TO IT BY UTILIZING, SAFEGUARDING, AND ENHANCING THEM THROUGH SOUND FINANCIAL PRACTICES.

Program Service Accomplishments

Program 1

Expenses: $5,531,205 Revenue: $0

THE CENTRA FOUNDATION HAS MADE A WIDE RANGE OF CONTRIBUTIONS TOWARD THE HEALTH CARE NEEDS OF OUR REGION. FUNDS RAISED IN 2023 TO SUPPORT CENTRA HEALTH, INC IN CONTINUING TO PROVIDE QUALITY HEALTHCARE TO THE RESIDENTS OF LYNCHBURG, VA AND THE SURROUNDING COMMUNITIES WERE: A -SUPPORT CENTRA HEALTH, INC IN CONTINUING TO PROVIDE QUALITY HEALTHCARE TO THE RESIDENTS OF LYNCHBURG, VA AND THE SURROUNDING COMMUNITIES. FOR THE YEAR ENDING 12/31/2023 THE FOUNDATION PROVIDED $4,426,261 IN SUPPORT TO CENTRA HEALTH, INC. B - DEVELOP RESOURCES OF $832,060 TO FUND INDIGENT PATIENT CARE AT CENTRA HEALTH FACILITIES IN 2023. C -ASSIST CENTRA HEALTH, INC. BY PROVIDING EQUIPMENT AND FACILITIES FUNDING OF $272,884 IN 2023.

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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 $3,566,617

Program Service Revenue $0

Investment Income $15,685,968

Other Revenue $15,118

TOTAL REVENUE $19,267,703

Expense Breakdown

Grants Paid $5,531,205

Salaries & Benefits $871,845

Fundraising Expenses $324,325

Program Expenses $5,531,205

Other Expenses $826,989

TOTAL EXPENSES $7,230,039

Year-over-Year Comparison

	2023	2022	Change
Revenue	$19,267,703	$4,025,165	+3.8%
Expenses	$7,230,039	$7,158,328	+0.0%
Net Income	$12,037,664	$-3,133,163	-4.8%

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

$3,100,608

Total Directors

$3,698,564

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Amy Carrier	PRESIDENT/CEO	2.0	Officer Director	$0	$275,838	$1,559,458
Doug Davenport	Treasurer	2.0	Officer Director	$0	$30,806	$1,246,201
Winifred Winnie Agard MD	Director	2.0	Director	$0	$62,920	$335,343
Elizabeth Doyle	Executive Vice President	50.0	Officer Director	$277,594	$17,355	$294,949
ROBERT D COOK	DIRECTOR (EFF. 2/2023)	2.0	Director	$0	$61,603	$262,613
Carolyn W Jacques	Chairman	2.0	Officer Director	$0	$0	$0
George A Hurt MD	Vice-Chairman	2.0	Officer Director	$0	$0	$0
Robert R Chapman III	Director	2.0	Director	$0	$0	$0
Thomas Delaney MD	Director	2.0	Director	$0	$0	$0
MaryJane Dolan	Director	2.0	Director	$0	$0	$0
James Jim Dunstan MD	Director	2.0	Director	$0	$0	$0
H Cap Eschenroeder MD	Director, OF Emeritus	2.0	Director	$0	$0	$0
Paul F Fitzgerald MD	Director, Emeritus	2.0	Director	$0	$0	$0
Janet HickmanMD	Director	2.0	Director	$0	$0	$0
Yuille Holt III	Director	2.0	Director	$0	$0	$0
Augustus A Petticolas DDS	Director	2.0	Director	$0	$0	$0
John H Sorrells III	Director	2.0	Director	$0	$0	$0
Pavan Thallapragada	Director	2.0	Director	$0	$0	$0
Charles B White	Director	2.0	Director	$0	$0	$0
Darryl D Whitesell	Director	2.0	Director	$0	$0	$0
TRACI BLIDO	DIRECTOR	2.0	Director	$0	$0	$0
JENNA LLOYD-FISHER	DIRECTOR (EFF. 2/2023)	2.0	Director	$0	$0	$0
CAM PATTERSON	DIRECTOR	2.0	Director	$0	$0	$0
R SACKETT WOOD	DIRECTOR (EFF. 2/2023)	2.0	Director	$0	$0	$0
GEORGE ZIPPEL	DIRECTOR	2.0	Director	$0	$0	$0
BONNIE SVRCEK	EX-OFFICIO (EFF. 2/2023)	2.0	Director	$0	$0	$0

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	$19,267,703	$7,230,039	$84,269,704	$12,037,664
2022	$4,025,165	$7,158,328	$80,725,571	$-3,133,163
2021	$21,909,254	$4,585,749	$92,633,711	$17,323,505
2020	$5,220,798	$4,381,200	$84,904,040	$839,598
2019	$5,737,436	$5,534,540	$75,681,795	$202,896
2018	$6,633,505	$8,610,332	$65,698,480	$-1,976,827