Centra Health Foundation

EIN: 541604094 501(c)(3) Health Care

Lynchburg, VA

Total Revenue
$19,267,703
Total Expenses
$7,230,039
Total Assets
$84,269,704
Net Assets
$80,763,423
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
VA
Principal Officer
Elizabeth Doyle
Phone
4342004712
Tax Period
2023-01-01 to 2023-12-31

Centra Health Foundation, founded in 1991, is a community nonprofit in the Health Care sector that reported $6.6M in total revenue in fiscal year 2018. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $8.6M exceeded revenue, resulting in a 30% operating deficit.

Mission

TO PROVIDE SUPPORT TO THE CENTRA HEALTHCARE SYSTEM.

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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%)

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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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Governance

Voting Members
24
Independent Members
19
Employees
9
Volunteers
22

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
5
$3,100,608
Total Directors
26
$3,698,564
Key Employees
0
$0
Highest Compensated
0
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
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