VANDALIA HEALTH INC

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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

1986

Legal Domicile

Principal Officer

JEFF SANDENE

Phone

3043887603

Tax Period

2023-01-01 to 2023-12-31

VANDALIA HEALTH INC, founded in 1986, is a community nonprofit in the Health Care sector that reported $3.9M in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $7.1M exceeded revenue, resulting in a 80% operating deficit.

Mission

STRIVING TO PROVIDE THE BEST HEALTH CARE TO EVERY PATIENT, EVERY DAY.

Program Service Accomplishments

Program 1

Expenses: $3,609,104 Revenue: $3,464,017

VANDALIA HEALTH, INC. PROVIDES STRATEGIC DIRECTION, OVERSIGHT AND COORDINATION OF THE ACTIVITIES OF ITS SUBSIDIARIES - CHARLESTON AREA MEDICAL CENTER, INC. AND AFFILIATES - WHICH TOGETHER COMPRISE...

VANDALIA HEALTH, INC. PROVIDES STRATEGIC DIRECTION, OVERSIGHT AND COORDINATION OF THE ACTIVITIES OF ITS SUBSIDIARIES - CHARLESTON AREA MEDICAL CENTER, INC. AND AFFILIATES - WHICH TOGETHER COMPRISE VANDALIA HEALTH, AN INTEGRATED HEALTH CARE DELIVERY SYSTEM. ON SEPTEMBER 1, 2022, VANDALIA COMPLETED A CORPORATE REORGANIZATION WHEREBY CAMC AND MON HEALTH SYSTEMS COMBINED TO CREATE A SINGLE HEALTH CARE SYSTEM CALLED VANDALIA HEALTH. THE SYSTEM RECENTLY WELCOMED DAVIS HEALTH TO THE SYSTEM IN 2023. THREE HEALTH SYSTEMS THAT HAVE STRONG WEST VIRGINIA ROOTS. THE VANDALIA NETWORK IS COMPRISED OF 17 HOSPITALS, THREE HOSPITAL AFFILIATES AND MORE THAN 190 OUTPATIENT LOCATIONS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $463,000

Program Service Revenue $0

Investment Income $0

Other Revenue $3,464,017

TOTAL REVENUE $3,927,017

Expense Breakdown

Grants Paid $455,000

Salaries & Benefits $3,160,885

Fundraising Expenses $0

Program Expenses $3,609,104

Other Expenses $3,439,476

TOTAL EXPENSES $7,055,361

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,927,017	$5,156,211	-0.2%
Expenses	$7,055,361	$5,394,718	+0.3%
Net Income	$-3,128,344	$-238,507	+12.1%

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

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

$8,863,235

Total Directors

$2,160,732

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID L RAMSEY	PRESIDENT & CEO	5.00	Officer Director	$0	$166,947	$2,160,732
RONALD G STOVASH	VICE CHAIR	3.00	Officer Director	$0	$0	$0
WILLIAM A RICE JR	CHAIRMAN	3.00	Officer Director	$0	$0	$0
CHARLES L CAPITO JR	DIRECTOR	2.50	Director	$0	$0	$0
ED BOYLE	DIRECTOR	2.50	Director	$0	$0	$0
EDWIN H WELCH PH D	DIRECTOR	2.50	Director	$0	$0	$0
ERIC A HICKS	DIRECTOR	2.50	Director	$0	$0	$0
FONDA ELLIOT	DIRECTOR	2.50	Director	$0	$0	$0
GLENN ADRIAN	DIRECTOR	2.50	Director	$0	$0	$0
JOHN R HOBLITZELL ESQ	DIRECTOR	2.50	Director	$0	$0	$0
KAREN S PRICE	DIRECTOR	2.50	Director	$0	$0	$0
KATHY MCNEILL	DIRECTOR	2.50	Director	$0	$0	$0
KENNETH L TACKETT	DIRECTOR	2.50	Director	$0	$0	$0
MARK A CHANDLER	DIRECTOR	2.50	Director	$0	$0	$0
MELVIN JONES	DIRECTOR	2.50	Director	$0	$0	$0
PAT MARTIN	DIRECTOR	2.50	Director	$0	$0	$0
GLENN CROTTY JR MD	EXECUTIVE VP VANDALIA SOUTH REGION	5.00	Officer	$0	$57,089	$1,068,119
JEFF SANDENE	CFO	5.00	Officer	$0	$254,822	$1,031,333
ANGELA FENTON HILL	SECRETARY & GENERAL COUNSEL	5.00	Officer	$0	$295,138	$845,949
DANIEL STROSS	VP INFO SVCS & CIO	5.00	Officer	$0	$154,346	$810,623
KRISTI SNYDER	VP HUMAN RESOURCES	5.00	Officer	$0	$215,477	$735,399
D MICHELLE COON	VP MANAGED CARE CONTRACTING	5.00	Officer	$0	$117,006	$495,740
CHRISTINE STURTEVANT	VP REVENUE CYCLE	5.00	Officer	$0	$58,562	$409,050
ELIZABETH PELLEGRIN	VP & CHIEF MARKETING OFFICER	5.00	Officer	$0	$82,653	$362,203
MYRANDA PIKE	VP & CCO	5.00	Officer	$0	$71,334	$338,928
STEVE PERRY	VP SUPPLY CHAIN & CPO	5.00	Officer	$0	$60,264	$312,073
TAMARA FULLER	VP & CHIEF STRATEGY OFFICER	5.00	Officer	$0	$75,498	$293,086
REBECCA STEVENSON	CHIEF COMPLIANCE OFFICER (END 2022)	5.00		$0	$63,590	$238,182

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	$3,927,017	$7,055,361	$1,182,599,061	$-3,128,344
2022	$5,156,211	$5,394,718	$1,067,391,154	$-238,507
2021	$516,517	$516,517	$859,902,493	No data
2020	$588,633	$588,633	$765,409,704	No data
2019	$499,676	$499,676	$697,044,452	No data
2018	$580,810	$580,809	$600,084,745	$1