HALIFAX REGIONAL HEALTH SYSTEM INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1996

Legal Domicile

Principal Officer

WILLIAM E CONFROY

Phone

4345173183

Tax Period

2023-09-01 to 2024-05-07

HALIFAX REGIONAL HEALTH SYSTEM INC, founded in 1996, is a micro nonprofit that reported $9K in total revenue in fiscal year 2023. Revenue fell 123% from the prior year — a significant decline worth monitoring.

Mission

ENSURE HALIFAX REGIONAL HOSPITAL CONTINUES TO MEET THE COMMUNITY'S NEEDS UNDER THE AFFILIATION AGREEMENT.

Program Service Accomplishments

Program 1

OVERSIGHT OF AFFILIATION AGREEMENT BETWEEN SENTARA AND HALIFAX REGIONAL HOSPITAL GROUP.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $-9,255

Other Revenue $0

TOTAL REVENUE $-9,255

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $21,600

TOTAL EXPENSES $21,600

Year-over-Year Comparison

	2023	2022	Change
Revenue	$-9,255	$40,486	-1.2%
Expenses	$21,600	$17,999	+0.2%
Net Income	$-30,855	$22,487	-2.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
W W TED BENNETT	VICE CHAIRMAN	0.25	Officer Director	$0	$0	$0
BRET A BERNECHE	BOARD MEMBER	0.25	Director	$0	$0	$0
WILLIAM E CONFROY	CHAIRMAN	0.25	Officer Director	$0	$0	$0
GREGORY V GORDON	BOARD MEMBER	0.25	Director	$0	$0	$0
VALDIVIA T HALL	BOARD MEMBER	0.25	Director	$0	$0	$0
J KENNETH MORGAN	BOARD MEMBER	0.25	Director	$0	$0	$0
ARTHUR W REYNOLDS	SECRETARY	0.25	Officer Director	$0	$0	$0
CAROL C THOMAS	BOARD MEMBER	0.25	Director	$0	$0	$0
DAVID H WHITE JR	BOARD MEMBER	0.25	Director	$0	$0	$0
DEXTER GILLIAM	BOARD MEMBER	0.25	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	$-9,255	$21,600	No data	$-30,855
2023	$40,486	$17,999	$975,921	$22,487
2022	$43,703	$7,836	$975,256	$35,867
2021	$40,403	$11,541	$1,049,815	$28,862
2020	$39,654	$9,572	$958,086	$30,082
2019	$39,289	$12,313	$1,020,558	$26,976
2018	$15,620	$21,048	$959,208	$-5,428