Centra Health Inc
80% goes to programs $0 to raise $100 Strong reserves
Centra Health Inc is a 501(c)(3) organization based in Lynchburg, Virginia, registered in 1963, with $1,166,348,794 in FY2024 revenue. CharityIndex grades it A, and it directs about 80% of spending to programs.
1920 Atherholt Rd, Lynchburg, VA, 24501 EIN 54-0715569 Since 1963
Revenue (FY2024)
$1.2B
▲ 3.1% vs prior year
Health median: $840K
Expenses (FY2024)
$1.2B
Net assets
$784.4M
Employees
7,991
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating80% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Centra Health Inc: 80% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating8 mo reserves · -1% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Centra Health Inc: 8 mo reserves · -1% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Centra Health Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Centra Health Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
We exist to improve the health and quality of life for the communities we serve.
Contact & location
- Address
- 1920 Atherholt Rd, Lynchburg, VA, 24501
- City
- Lynchburg
- State
- Virginia
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $654.4M (FY2013) to $1.2B (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $715.0MNet assets $784.4M
Operating margin
-0.7%
Spent more than it raised in the latest fiscal year.
Total assets
$1.5B
Total liabilities
$715.0M
Net assets
$784.4M
Salaries & benefits
$632.5M
54% of expenses
Board members
18
15 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,166,348,794▲3.1% | $1,174,988,522▲5.5% | $784,449,474▲3.2% | $1,499,449,617▼0.4% | 990 |
| 2023 | $1,131,031,053▲3.1% | $1,113,449,976▲1.5% | $760,030,216▲21.4% | $1,504,732,242▲1.0% | 990 |
| 2022 | $1,096,916,083▼5.8% | $1,097,407,500▲3.7% | $625,823,246▼34.4% | $1,489,176,130▼23.6% | 990 |
| 2021 | $1,164,575,682▲6.0% | $1,058,237,529▲4.0% | $954,098,933▲20.7% | $1,949,948,916▲4.7% | 990 |
| 2020 | $1,098,467,451▲1.8% | $1,017,550,497▼4.9% | $790,153,319▲13.1% | $1,863,162,363▲38.6% | 990 |
| 2019 | $1,078,584,571▲10.5% | $1,070,043,791▲7.8% | $698,608,907▲5.9% | $1,344,282,006▲6.2% | 990 |
| 2018 | $976,294,289▲1.9% | $992,266,284▲11.8% | $659,504,238▼5.2% | $1,265,868,801▲7.0% | 990 |
| 2017 | $958,461,014▲16.4% | $887,606,793▲12.5% | $695,919,662▲13.5% | $1,183,004,773▲14.4% | 990 |
| 2016 | $823,605,953▲10.9% | $788,672,174▲9.9% | $613,015,854▲8.4% | $1,034,356,001▲8.1% | 990 |
| 2015 | $742,734,466▲9.1% | $717,427,050▲13.2% | $565,434,745▲6.4% | $956,477,534▲2.9% | 990 |
| 2014 | $680,593,893▲4.0% | $633,804,545▲6.2% | $531,182,796▲1.2% | $929,094,060▲8.7% | 990 |
| 2013 | $654,396,663 | $596,561,497▲3.6% | $524,659,227▲27.7% | $854,632,293▲6.6% | 990 |
| 2012 | — | $575,565,932▼0.1% | $410,779,654▲17.9% | $801,567,246▲8.4% | 990 |
| 2011 | — | $575,937,187▲5.7% | $348,377,427▼4.1% | $739,401,611▲6.2% | 990 |
| 2010 | — | $544,966,589▲9.8% | $363,104,749▲55.7% | $696,503,851▲19.2% | 990 |
| 2008 | — | $496,356,249 | $233,270,631 | $584,178,946 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Amy Carrier — $2,851,509 (0.24% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Amy Carrier | President/ceo (thru 4/18/2024) | 50 | $2,851,509 |
| Douglas Davenport | Svp Chief Financial Officer (thru 8/14/2024) | 50 | $1,801,574 |
| Audrey Graham | Director Medical | 50 | $1,311,089 |
| Matthew Sackett | Director Medical | 50 | $1,095,338 |
| Jose Silva | Director Medical | 50 | $1,060,579 |
| Richard Kuk | Director Medical | 50 | $1,023,231 |
| Bikram S Bal Md | Director Medical | 50 | $966,788 |
| Richard Tugman | President/ceo (as of 4/18/2024) | 50 | $782,536 |
| Christopher Lewis | Svp Chief Clinical Officer | 50 | $649,901 |
| Clinton Beverly Md | Exec Medical Director | 50 | $610,837 |
| Robin Hildwein | Svp and Chief Information Officer | 50 | $559,937 |
| Mary Ann Fuchs | Svp Chief Nursing Executive | 50 | $512,721 |
| Tabitha Culbertson | Hospital President | 50 | $511,414 |
| Chris Thomson | Svp Chief Physician Executive | 50 | $430,770 |
| Hank Creasy | Svp Chief Legal Officer | 50 | $347,598 |
| Kristin King | Svp Chief Hr Officer | 50 | $297,368 |
| Rob Tonkinson | Svp Chief Financial Officer (as of 8/14/2024) | 50 | $294,231 |
| Thomas Morales | Svp Chief Strategy Officer | 50 | $268,481 |
| Geeta Rakheram Md | Doctor Medical | 50 | $168,545 |
| Alison Morrison-shetlar | Director | 2 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Raleigh Radiology Associates Inc | Physicians | $8,761,505 |
| Kahler Slater Inc | Architecture Consulting | $7,552,582 |
| Mbs Locums LLC | Staffing | $3,018,251 |
| Phi Air Medical | Transportation | $2,593,452 |
| Healthcare Revenue Cycle Management Solutions LLC | Revenue Cycle Services | $2,515,855 |
Grants received · $83K total
4 grants to Centra Health Inc totaling $83K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Cancer Society Inc | Patient support | 2023 | $15,000 |
| March of Dimes Inc | Community services | 2016 | $15,000 |
| Patient Access Network Foundation | Patient assistance | 2015 | $37,869 |
| March of Dimes Inc | Community services | 2015 | $15,000 |
Grants made · $1.5M in FY2024
51 grants totaling $1.5M in FY2024 — showing the 15 largest. All grants made by Centra Health Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Steps Inc | Employment/job assistance; housing and homelessness | $192,319 |
| Altavista Area YMCA Inc Steve Jester | Issues impacting children and their families: childcare or child abuse/neglect | $125,000 |
| Meals On Wheels | Food insecurity and nutrition | $75,000 |
| Lynchburg Beacon of Hope | Poverty | $60,750 |
| Lynchburg Grows | Food insecurity and nutrition | $56,700 |
| United Way of Central Virginia Inc | Issues impacting children and their families: childcare or child abuse/neglect | $50,000 |
| Roads To Recovery Inc | Mental health and substance use disorders & access to services | $46,875 |
| Drakes Branch Volunteer Fire Department Inc | Access to healthcare services | $43,551 |
| Interfaith Outreach Association | Housing and homelessness | $40,000 |
| Central Virginia Alliance For Community Living Inc | Transportation | $35,000 |
| Meals On Wheels | Aging and eldercare | $35,000 |
| Johnson Health Center | Access to healthcare services | $30,000 |
| Freedom 4-24 | Issues impacting children and their families: childcare or child abuse/neglect | $30,000 |
| Lynchburg Daily Bread Inc | Food insecurity and nutrition | $30,000 |
| Bedford Area Family Young Mens Christian Association | Issues impacting children and their families: childcare or child abuse/neglect | $30,000 |
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Frequently asked questions
- Is Centra Health Inc a legitimate nonprofit?
- Yes. Centra Health Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 54-0715569, based in Lynchburg, Virginia. Donations are tax-deductible.
- What is Centra Health Inc's EIN?
- Centra Health Inc's Employer Identification Number (EIN) is 54-0715569.
- How much revenue does Centra Health Inc report?
- Centra Health Inc reported $1,166,348,794 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Centra Health Inc's spending goes to programs?
- Centra Health Inc spends about 80% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Centra Health Inc have?
- CharityIndex grades Centra Health Inc A, based on program efficiency and fundraising cost.
- How much does Centra Health Inc's highest-paid employee make?
- The highest reported compensation on Centra Health Inc's latest Form 990 is $2,851,509, paid to Amy Carrier (President/ceo (thru 4/18/2024)).
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Data for Centra Health Inc (EIN 54-0715569) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.