RIVER VALLEY 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

1989

Legal Domicile

Principal Officer

TINA DEWITT

Phone

3042423144

Tax Period

2024-01-01 to 2024-12-31

RIVER VALLEY HEALTH FOUNDATION, founded in 1989, is a small nonprofit in the Health Care sector that reported $102K in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $134K exceeded revenue, resulting in a 31% operating deficit.

Mission

THE MISSION OF THIS CORPORATION IS TO IMPROVE THE HEALTH AND WELL-BEING OF THE RESIDENTS OF THE OHIO VALLEY. THE CORPORATION PROVIDES FUNDING IN SUPPORT OF HEALTH EDUCATION FOR MEMBERS OF THE COMMUNITY AND HEALTHCARE PROFESSIONALS IN THE COMMUNITIES OF WHEELING, WEST VIRGINIA, MARTINS FERRY, OHIO, ST. CLAIRSVILLE, OHIO, AND THE FOLLOWING COUNTIES: BROOKE, OHIO, MARSHALL AND WETZEL IN WEST VIRGINIA AND BELMONT, JEFFERSON, MONROE, GUERNSEY AND HARRISON IN OHIO.

Program Service Accomplishments

Program 1

Expenses: $122,546

THE FOUNDATION WAS CREATED AS A RESULT OF THE JUNE 1, 2017 SALE OF OHIO VALLEY MEDICAL CENTER ("OVMC") AND EAST OHIO REGIONAL HOSPITAL ("EORH") TO ALECTO, A FOR-PROFIT HEALTH CARE SYSTEM. THEREFORE, THE FOUNDATION WAS CREATED TO CARRY OUT THE CHARITABLE OUTREACH ACTIVITIES OF THE FORMER NOT- FOR-PROFIT OVMC AND EORH. ON MARCH 19, 2018, THE FOUNDATION WAS DESIGNATED BY THE INTERNAL REVENUE SERVICE AS A TAX-EXEMPT NON-PROFIT 501(C) (3) PUBLIC CHARITY. THEREFORE, MOST OF THE 2017 AND EARLY 2018 CALENDAR YEARS INVOLVED WORKING ON MAKING THE APPROPRIATE STEPS TO RENAME AND RECLASSIFY THE FOUNDATION. FROM 2019 - 2022, THE FOUNDATION AWARDED ANNUAL GRANTS IN ORDER TO ASSURE COMMUNITY NEEDS FOR HEALTHCARE AND HEALTHCARE EDUCATION ARE MET. IN 2023, THE ORGANIZATION ESTABLISHED THE RIVER VALLEY HEALTH FOUNDATION FUND WITH THE COMMUNITY FOUNDATION FOR THE OHIO VALLEY AND CONTINUES TO WORK TOWARDS ITS MISSION THROUGH BOTH THIS ORGANIZATION AND THE FUND AT THE COMMUNITY FOUNDATION. THE MISSION OF THIS FOUNDATION IS TO IMPROVE THE HEALTH AND WELL-BEING OF THE RESIDENTS OF THE OHIO VALLEY.

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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 $0

Program Service Revenue $0

Investment Income $99,678

Other Revenue $2,272

TOTAL REVENUE $101,950

Expense Breakdown

Grants Paid $122,546

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $122,546

Other Expenses $11,388

TOTAL EXPENSES $133,934

Year-over-Year Comparison

	2024	2023	Change
Revenue	$101,950	$132,842	-0.2%
Expenses	$133,934	$1,709,426	-0.9%
Net Income	$-31,984	$-1,576,584	-1.0%

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

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
SHELLY CARENBAUER	TRUSTEE	0.50	Director	$0	$0	$0
THERESA CHILDERS	TRUSTEE	0.50	Director	$0	$0	$0
TINA DEWITT	TREASURER	0.50	Officer Director	$0	$0	$0
LORRAINE ECKARD	CHAIR	0.50	Officer Director	$0	$0	$0
KATHY FRY	TRUSTEE	0.50	Director	$0	$0	$0
HOWARD GAMBLE	TRUSTEE	0.50	Director	$0	$0	$0
JOYCE JEFFERSON	2ND VICE CHA	0.50	Officer Director	$0	$0	$0
KRISTINE MOLNAR	1ST VICE CHA	0.50	Officer Director	$0	$0	$0
JUDY SCHOOLCRAFT	TRUSTEE	0.50	Director	$0	$0	$0
GINA SMITH	TRUSTEE	0.50	Director	$0	$0	$0
SUE WHITE	TRUSTEE	0.50	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	$101,950	$133,934	$2,444,210	$-31,984
2023	$132,842	$1,709,426	$2,260,683	$-1,576,584
2022	$157,247	$183,039	$3,511,706	$-25,792
2021	$256,013	$190,099	$4,329,433	$65,914
2020	$218,932	$607,191	$3,974,826	$-388,259
2019	$293,724	$56,147	$4,070,975	$237,577