MEDARVA IMAGING

EIN: 542040968 501(c)(3) Health Care

RICHMOND, VA

Total Revenue
$1,604,223
Total Expenses
$1,768,041
Total Assets
$4,383,830
Net Assets
$-2,293,090
🔒

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

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
VA
Principal Officer
Taylan Bozkurt
Phone
8045459434
Tax Period
2022-01-01 to 2022-12-31

MEDARVA IMAGING, founded in 2001, is a community nonprofit in the Health Care sector that reported $1.6M in total revenue in fiscal year 2022. Revenue surged 378% from the prior year, signaling strong growth momentum. Expenses of $1.8M exceeded revenue, resulting in a 10% operating deficit.

Mission

THE ORGANIZATION WAS CREATED TO SUPPORT THE EXEMPT PURPOSE OF RICHMOND EYE AND EAR HEALTHCARE ALLIANCE TO RESORE AND ENRICH LIVES THROUGH HEALTH TECHNOLOGY, EDUCATION, AND BY OPERATING A DIAGNOSTIC IMAGING CENTER SERVING PATIENTS IN GREATER RICHMOND AND THE SURROUNDING AREAS.

Program Service Accomplishments

Program 1
Expenses: $1,641,830 Revenue: $1,604,223

THE ORGANIZATION WAS CREATED TO SUPPORT THE EXEMPT PURPOSE OF RICHMOND EYE AND EAR HEALTHCARE ALLIANCE TO RESORE AND ENRICH LIVES THROUGH HEALTH TECHNOLOGY, EDUCATION, AND BY OPERATING A DIAGNOSTIC...

Read more

THE ORGANIZATION WAS CREATED TO SUPPORT THE EXEMPT PURPOSE OF RICHMOND EYE AND EAR HEALTHCARE ALLIANCE TO RESORE AND ENRICH LIVES THROUGH HEALTH TECHNOLOGY, EDUCATION, AND BY OPERATING A DIAGNOSTIC IMAGING CENTER SERVING PATIENTS IN GREATER RICHMOND AND THE SURROUNDING AREAS.

🔒

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%)

Sign In — Free (10 views/day)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,604,223
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,604,223

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,641,830
Other Expenses $1,768,041
TOTAL EXPENSES $1,768,041

Year-over-Year Comparison

2022 2021 Change
Revenue $1,604,223 $335,598 +3.8%
Expenses $1,768,041 $1,486,978 +0.2%
Net Income $-163,818 $-1,151,380 -0.9%
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

Sign In

Governance

Voting Members
N/A
Independent Members
N/A
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
3
$748,066
Total Directors
14
$0
Key Employees
2
$506,630
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRUCE KUPPER CEO 1
Officer Key Emp Highest
$0 $12,349 $330,154
JOHN HEADLEY CFO 1
Officer
$0 $21,308 $241,436
TAYLAN BOZKURT CEO 1
Officer Key Emp Highest
$0 $12,650 $176,476
ANDREW MICHAEL MD DIRECTOR 0
Director
$0 $0 $0
CHERRY PETERS DIRECTOR 0
Director
$0 $0 $0
PETER PASTORE DIRECTOR 0
Director
$0 $0 $0
CHERYL JARVIS DIRECTOR 0
Director
$0 $0 $0
JOANNE WILEY DIRECTOR 0
Director
$0 $0 $0
CHRIS PETRAS MD DIRECTOR 0
Director
$0 $0 $0
MICHAEL ARMSTRONG JR MD DIRECTOR 0
Director
$0 $0 $0
WALTER SPENCE DIRECTOR 0
Director
$0 $0 $0
RAYMOND L SPENCE DIRECTOR 0
Director
$0 $0 $0
FRANK FRANZAK DIRECTOR 0
Director
$0 $0 $0
ROBERT CROUSE DIRECTOR 0
Director
$0 $0 $0
PAUL MILLER DIRECTOR 0
Director
$0 $0 $0
JEFF SMITH DIRECTOR 0
Director
$0 $0 $0
BARRY E ROPER MD DIRECTOR 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
2022 $1,604,223 $1,768,041 $4,383,830 $-163,818
2021 $335,598 $1,486,978 $4,623,314 $-1,151,380
2020 $49,582 $984,602 $4,806,887 $-935,020
Explore More Nonprofits
→Top 100 Nonprofits in Virginia →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare MEDARVA IMAGING with other nonprofits in Virginia and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.