Centra Health Foundation
Nonprofit profile at a glance
- EIN
- 541604094
- IRS 990 coverage
- 2008–2024
- Forms available
- Form 990 2024
- Location
- Lynchburg, VA, USA
- Phone
- 4342004712
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- Single Organization Support
Reported finances
- Revenue
- $4,874,350
- Expenses
- $8,198,627
- Assets
- $82,820,771
- Liabilities
- $441,660
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
27 people listed
Executive titles in this filing
- BETH DOYLE (EXEC VICE PRESIDENT)
- RICHARD TUGMAN (CENTRA PRESIDENT/CEO (as of 4/18/2024))
- AMY CARRIER (PRESIDENT/CEO (thru 4/18/2024))
Highest reported compensation
- AMY CARRIER (PRESIDENT/CEO (thru 4/18/2024)): $2,878,656 total reported compensation
- DOUGLAS DAVENPORT (SVP CHIEF FINANCIAL OFFICER (thru 8/14/2024)): $1,829,074 total reported compensation
- RICHARD TUGMAN (CENTRA PRESIDENT/CEO (as of 4/18/2024)): $837,122 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
See Schedule O.
What it reported doing in 2024
The centra foundation has made a wide range of contributions toward the health care needs of our region. Funds raised in 2024 to support centra health, inc in continuing to provide quality healthcare to the residents of lynchburg, va and the surrounding communities were: a - support centra health, inc in continuing to provide quality healthcare to the residents of lynchburg, va and the surrounding communities. For the year ending 12/31/2024 the foundation provided $6,335,645 in support to centra health, inc. B - develop resources of $948,979 to fund indigent patient care at centra health facilities in 2024. C - assist centra health, inc. By providing equipment and facilities funding of $99,538 in 2024.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Grant intermediary. The nonprofit sent 97% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 85
- Transparency & Controls: 75
- Accountability: 83
- Sustainability: 42
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 79.5%; rating input score 80
- Fundraising efficiency: $6.45 raised per $1 spent on fundraising; rating input score 24; 24th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 87%; rating input score 87; 18th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -68.2%; rating input score 1; 1st percentile among comparable filings
- Total-asset coverage ratio: 10.1; rating input score 91; 91st percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 88; 88th percentile among comparable filings
- Officer compensation ratio: 7.2%; rating input score 41; 41st percentile among comparable filings
Growth
- Program expense growth: 2.6% per year; rating input score 100; 25th percentile among comparable filings
- Revenue growth: 9.3% per year; rating input score 100; 66th percentile among comparable filings
- Asset growth: 3.3% per year; rating input score 100; 26th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 79.5% of spending went to programs
- Governance: 20 of 23 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $6.5M in reported program spending
- Leadership: top reported pay $2.9M · 27 people listed · 0 of 6 pay-setting controls reported
- Consistency: 36 of 36 current checks pass
- Schedules: 8 filed schedules · includes major donors, grants, and executive pay
- Filing history: 10 filing years from 2008 to 2024
- Contacts: How to reach this organization
- Money network: 5 filed money-flow records
- Related organizations: 8 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Financial Efficiency: Fundraising efficiency scored 24/100.
- High — Sustainability: Operating margin scored 1/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- Moderate — Sustainability: Officer compensation ratio scored 41/100.