WILLIAMSBURG REGIONAL HOSPITAL (EIN 570468486) - Form 990 Financial Analysis & Trantor Score

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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

2002

Legal Domicile

Principal Officer

ALLEN ABERNETHY

Phone

8433558888

Tax Period

2022-10-01 to 2023-09-30

WILLIAMSBURG REGIONAL HOSPITAL, founded in 2002, is a community nonprofit in the Health Care sector that reported $6.7M in total revenue in fiscal year 2022. Revenue fell 73% from the prior year — a significant decline worth monitoring. Expenses of $15.1M exceeded revenue, resulting in a 125% operating deficit.

Mission

OPERATION OF AN ACUTE CARE HOSPITAL.

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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 (2022)

Revenue Breakdown

Contributions & Grants $624,425

Program Service Revenue $6,080,564

Investment Income $0

Other Revenue $0

TOTAL REVENUE $6,704,989

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,748,093

Fundraising Expenses $0

Program Expenses $15,062,551

Other Expenses $11,314,458

TOTAL EXPENSES $15,062,551

Year-over-Year Comparison

	2022	2021	Change
Revenue	$6,704,989	$24,718,437	-0.7%
Expenses	$15,062,551	$25,478,892	-0.4%
Net Income	$-8,357,562	$-760,455	+10.0%

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

177

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

$547,946

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MR JIM CHERRY	SECRETARY	1.00	Officer Director	$0	$0	$0
MRS JULIE FLOYD	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
MR FRANK BRADLEY ERWIN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MRS MANDY SHULER	BOARD MEMBER	1.00	Director	$0	$0	$0
MS JENNIFER MCKNIGHT	BOARD MEMBER	1.00	Director	$0	$0	$0
MR WILLIAM JENKINSON	BOARD MEMBER	1.00	Director	$0	$0	$0
DR TIFFANY WRIGHT	BOARD MEMBER	1.00	Director	$0	$0	$0
DR JOSEPH ASARO	CHIEF OF STAFF	40.00	Officer	$0	$0	$0
DR TROY GAMBLE JR	CMO (THRU 11/22)	40.00	Officer	$250,814	$6,826	$257,640
MR DAN HARRINGTON	COO	40.00	Officer	$89,491	$1,316	$90,807
MRS ROBIN COOPER	CNO (THRU 1/23)	40.00	Officer	$75,211	$5,415	$80,626
MR DOUGLAS BROACH	CFO	40.00	Officer	$117,727	$1,146	$118,873

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
2023	$6,704,989	$15,062,551	$3,238,780	$-8,357,562
2022	$24,718,437	$25,478,892	$14,810,081	$-760,455
2021	$27,828,977	$25,250,069	$26,856,088	$2,578,908
2020	$26,309,762	$23,323,804	$27,744,922	$2,985,958
2019	$19,159,286	$25,017,664	$21,128,739	$-5,858,378
2018	$24,606,026	$26,745,709	$28,548,477	$-2,139,683

WILLIAMSBURG REGIONAL HOSPITAL