VIRGINIA HEALTH CARE ASSOCIATION

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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

1954

Legal Domicile

Principal Officer

J KEITH HARE

Phone

8043539101

Tax Period

2024-01-01 to 2024-12-31

VIRGINIA HEALTH CARE ASSOCIATION, founded in 1954, is a community nonprofit that reported $3.6M in total revenue in fiscal year 2024. Expenses of $3.3M left a modest 7% surplus.

Mission

THE ASSOCIATION IS A MEMBER-DRIVEN ORGANIZATION THAT ADVOCATES FOR AND REPRESENTS THE INTERESTS OF VIRGINIA'S NURSING CARE CENTERS AND ASSISTED LIVING COMMUNITIES. THE ASSOCIATION PROVIDES CONTINUING EDUCATION AND NETWORKING OPPORTUNITIES FOR LONG TERM CARE PROFESSIONALS AND PROMOTES QUALITY CARE AT THEIR CENTERS.

Program Service Accomplishments

Program 1

PROVIDE OPPORTUNITIES FOR CONTINUING EDUCATION FOR LONG TERM CARE PROFESSIONALS.

Program 2

PROMOTE AN INDUSTRY TRADE SHOW SHOWCASING VENDORS WHO SUPPORT THE LONG TERM CARE SECTOR.

Program 3

HOST AN ANNUAL CONVENTION OFFERING CONTINUING EDUCATION AND NETWORKING EVENTS FOR LONG TERM CARE PROFESSIONALS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $431,626

Program Service Revenue $2,773,836

Investment Income $275,413

Other Revenue $95,558

TOTAL REVENUE $3,576,433

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,852,595

Fundraising Expenses $0

Other Expenses $1,479,988

TOTAL EXPENSES $3,332,583

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,576,433	$3,544,416	+0.0%
Expenses	$3,332,583	$3,139,746	+0.1%
Net Income	$243,850	$404,670	-0.4%

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

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

$425,922

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN STANFIELD	CHAIRMAN	1.00	Officer Director	$0	$0	$0
MARK KLYCZEK	VICE CHAIR	1.00	Officer Director	$0	$0	$0
WENDY M WALTER	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
DERRICK K KENDALL	IMMEDIATE PAST CHAIR	1.00	Director	$0	$0	$0
MANDY BROOKS	ASSISTED LIVING DIRECTOR	1.00	Director	$0	$0	$0
CHRISTY HODGES	ASSOCIATE MEMBER DIRECTOR	1.00	Director	$0	$0	$0
CRAIG NEISWANGER	PROPRIETARY DIRECTOR	1.00	Director	$0	$0	$0
DAVID RUBENSTEIN	PROPRIETARY DIRECTOR	1.00	Director	$0	$0	$0
KAREN WILHELM	NOT-FOR-PROFIT DIRECTOR	1.00	Director	$0	$0	$0
DENISE C WRIGHT	NOT-FOR-PROFIT DIRECTOR	1.00	Director	$0	$0	$0
BRAD DALTON	AT LARGE DIRECTOR	1.00	Director	$0	$0	$0
CHAD ISABELLE	AT LARGE DIRECTOR	1.00	Director	$0	$0	$0
JOHNNA BROMLEY	CENTRAL DISTRICT DIRECTOR	1.00	Director	$0	$0	$0
DONNA SHAW	NORTHERN DISTRICT DIRECTOR	1.00	Director	$0	$0	$0
BETH PRICE	RICHMOND DISTRICT DIRECTOR	1.00	Director	$0	$0	$0
LISA KIRBY	TIDEWATER DISTRICT DIRECTO	1.00	Director	$0	$0	$0
LORI MARTIN	WESTERN DISTRICT DIRECTOR	1.00	Director	$0	$0	$0
CHARLES FLYNN	ROANOKE DISTRICT DIRECTOR	1.00	Director	$0	$0	$0
J KEITH HARE	PRESIDENT & CEO	39.00	Officer	$400,768	$25,154	$425,922
STEVEN E FORD	SVP POLICY & REIMBURSEMENT	40.00	Highest	$335,075	$33,072	$368,147
APRIL R PAYNE	CHIEF QUALITY & REGULATORY	40.00	Highest	$202,444	$22,538	$224,982
DORAN P HUTCHINSON	VP MEMBER SVCS & EDUC	40.00	Highest	$140,752	$41,595	$182,347
AMY K HEWETT	VP STRATEGY & COMM	40.00	Highest	$160,095	$20,135	$180,230
DONNA P YENNEY	CHIEF FINANCIAL OFFICER	40.00	Highest	$146,661	$25,145	$171,806

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
2025	No data	No data	No data	No data
2024	$3,576,433	$3,332,583	$7,025,615	$243,850
2023	$3,544,416	$3,139,746	$6,585,432	$404,670
2022	$2,857,264	$2,653,007	$5,621,303	$204,257
2021	$2,728,459	$2,265,366	$5,570,429	$463,093
2020	$2,179,855	$2,515,935	$5,294,276	$-336,080
2019	$2,481,163	$2,388,804	$5,759,175	$92,359
2018	$2,317,509	$2,263,934	$5,583,106	$53,575