Virginia Hospital and Healthcare Association
Nonprofit profile at a glance
- EIN
- 540701665
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Richmond, VA, USA
- Phone
- 8042973549
- Rating confidence
- Limited
Reported finances
- Revenue
- $15,030,201
- Expenses
- $14,784,747
- Assets
- $24,582,517
- Liabilities
- $3,877,926
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
35 people listed
Executive titles in this filing
- SEAN T CONNAUGHTON (PRESIDENT AND CEO)
Highest reported compensation
- SEAN T CONNAUGHTON (PRESIDENT AND CEO): $992,655 total reported compensation
- R BRENT RAWLINGS (SR VP AND GENERAL COUNSEL): $511,879 total reported compensation
- ABRAHAM SEGRES (VP PATIENT SAFETY AND QUALITY): $321,871 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Collaborating with our members and stakeholders, vhha works to ensure the sustainability of Virginia's health care system and improve the health of all virginians.
What it reported doing in 2024
Vhha member private acute hospitals are subject to payment of provider assessments under the state medicaid program. The provider assessments are highly technical in nature requiring complex accounting, reconciliation, managed care organization compliance, and upper payment limit validation. To assist vhha members with these common activities and pool resources needed to finance them, vhha serves as a third-party administrator authorized to perform various provider assessment duties on behalf of its members. Most, but not all vhha members are subject to the provider assessment. In order to properly account for the funds and expenses associated with this third-party administrator role and to ensure that those not affected by the provider assessment are not charged for these services, vhha has established segregated funds and accounts, which are overseen by a separate committee of the vhha board.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 85
- Accountability: 98
- Sustainability: 43
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 96.3%; rating input score 96; 30th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 1.6%; rating input score 41; 41st percentile among comparable filings
- Total-asset coverage ratio: 1.66; rating input score 55; 55th percentile among comparable filings
- Liabilities to assets ratio: 0.16; rating input score 64; 64th percentile among comparable filings
- Officer compensation ratio: 20%; rating input score 4; 4th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 0.6% per year; rating input score 100; 10th percentile among comparable filings
- Asset growth: 3.2% per year; rating input score 100; 24th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 26 of 27 board members independent · 9 of 9 filing controls reported
- Programs: 3 filed program accomplishments
- Leadership: top reported pay $993K · 35 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $715K reported
- Consistency: 11 of 11 current checks pass
- Schedules: 6 filed schedules · includes major donors, executive pay, and related organizations
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 7 filed money-flow records
- Related organizations: 4 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Sustainability: Operating margin scored 41/100.
- Review — Sustainability: Total-asset coverage ratio scored 55/100.
- High — Sustainability: Officer compensation ratio scored 4/100.