AdventHealth Riverview 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

2021

Legal Domicile

Principal Officer

Jason Newmyer

Phone

8138034030

Tax Period

2023-01-01 to 2023-12-31

AdventHealth Riverview Inc, founded in 2021, is a small nonprofit that reported $347K in total revenue in fiscal year 2023. Revenue surged 699% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 307% operating margin.

Mission

Adventist Health System Sunbelt Healthcare Corporation and all its subsidiary organizations were established by the Seventh-Day Adventist Church to bring a ministry of healing and health to the communities served. Our mission is to extend the healing ministry of Christ.The hospital and healthcare system whose parent is Adventist Health System Sunbelt Healthcare Corporation is known as AdventHealth. AdventHealth seeks to be widely respected as a consumer-focused organization that engages individuals in their health by delivering wholistic, best practice care across a connected, comprehensive continuum of services. With Christ as our example, AdventHealth cares for and nurtures people: our employees, our communities, our healthcare professionals, and those who trust us for care and healing.

Program Service Accomplishments

Program 1

Expenses: $-1,737,236 Revenue: $0

Inactive. The filing organization will operate a hospital which is currently under construction and expected to begin hospital operations in 2024.

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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 $0

Program Service Revenue $0

Investment Income $347,169

Other Revenue $0

TOTAL REVENUE $347,169

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,003,781

Fundraising Expenses $0

Program Expenses $-1,737,236

Other Expenses $-1,722,682

TOTAL EXPENSES $-718,901

Year-over-Year Comparison

	2023	2022	Change
Revenue	$347,169	$43,439	+7.0%
Expenses	$-718,901	$-31,161	+22.1%
Net Income	$1,066,070	$74,600	+13.3%

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

N/A

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

$582,167

Total Directors

$5,883,953

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bergherm Bruce	Director/VP	0.10	Director	$0	$36,935	$1,701,501
Didenko Dima	Dir/Treasurer	0.10	Director	$0	$152,149	$1,082,929
Ottati David	Dir/Chairman	0.10	Director	$0	$214,123	$2,195,971
Newmyer Jason	Dir/Pres/CEO	47.50	Officer Director	$0	$90,784	$469,545
Schuman Jessica	Dir/Secretary	0.10	Director	$0	$45,900	$434,007
Knepp Tanya	CFO (Beg 07/23)	50.00	Officer	$0	$13,090	$112,622

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	$347,169	$-718,901	$233,394,023	$1,066,070
2022	$43,439	$-31,161	$71,590,214	$74,600
2021	No data	No data	$22,192,814	No data