Nonprofit · EIN 20-5945158
CORVESTA INC
Tax-exempt · ROANOKE, VA 24012
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | -$1,756,733 | $34,674,430 | -$36,431,163 | $108,779,654 | $11,186,280 | $97,593,374 |
| December 31, 2023 | 990 | -$509,499 | $32,659,933 | -$33,169,432 | $97,752,866 | $10,801,179 | $86,951,687 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- -$1,756,733
- Net gain from sales of assets
- -$4,104,607
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $4,952,154
- Other salaries and wages
- $3,608,751
- Salaries, compensation and benefits (total)
- $10,137,229
- Professional fundraising fees
- $0
- Legal fees
- $59,417
- Accounting fees
- $92,443
- Occupancy
- $179,258
- Travel
- $299,468
- Depreciation
- $226,497
- Management and general (functional)
- $34,674,430
Balance sheet and other
- Total assets, start of year
- $97,752,866
- Total assets, end of year
- $108,779,654
- Total liabilities, end of year
- $11,186,280
- Net assets, end of year
- $97,593,374
- Land, buildings and equipment
- $588,210
- Publicly traded securities
- $19,269,038
- Gross receipts
- $4,078,300
- Employees
- 50
- Volunteers
- 0
- Year formed
- 2006
- State of legal domicile
- VA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MR FRANK L LUCIA | PRESIDENT & CEO Trustee or director, Officer | 40 | $2,005,346 | $0 | $100,417 |
| MR R JAMES BARKER | CHIEF FINANCIAL OFFICER Officer | 40 | $807,215 | $0 | $88,939 |
| MR CHAD MCINTOSH | GENERAL COUNSEL Key employee | 40 | $611,868 | $0 | $67,707 |
| MS KATHARINE CLAYTOR | VICE PRESIDENT Key employee | 40 | $528,666 | $0 | $67,193 |
| MS LORA J WILKINSON | VICE PRESIDENT Key employee | 40 | $345,785 | $0 | $64,143 |
| MS DEBORAH S MARTIN | STAFF Highest-paid employee | 40 | $300,022 | $0 | $62,048 |
| MS LOTTIE SCHOTTMILLER | STAFF Highest-paid employee | 40 | $210,039 | $0 | $62,178 |
| MS DAWN H MCCRAY | STAFF Highest-paid employee | 40 | $211,227 | $0 | $49,202 |
| MS LISA R NICHOLS | STAFF Highest-paid employee | 40 | $211,409 | $0 | $47,809 |
| MS MARY B SMITH | STAFF Highest-paid employee | 40 | $180,514 | $0 | $55,915 |
| MR THOMAS R BYRD | CHAIRMAN OF THE BOARD Trustee or director, Officer | 4 | $57,500 | $0 | $0 |
| MS LAURA W THOMAS | DIRECTOR Trustee or director | 4 | $0 | $56,375 | $0 |
| MS JEANNE ARMENTROUT | DIRECTOR Trustee or director | 4 | $38,375 | $0 | $0 |
| MR JAMES C HALE | DIRECTOR Trustee or director | 3 | $36,875 | $0 | $0 |
| MR DOUGLAS JUANARENA | DIRECTOR Trustee or director | 3 | $36,375 | $0 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| MR DANIEL E DRAPER | DIRECTOR Trustee or director | 2 | $33,500 | $1,125 |
| MR JAN S SESSOR | DIRECTOR Trustee or director | 3 | $31,500 | $0 |
| MS ELIZABETH A MCCLANAHAN | DIRECTOR Trustee or director | 3 | $30,750 | $0 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MR FRANK L LUCIA | PRESIDENT & CEO Trustee or director, Officer | 40 | $2,041,318 | $0 | $96,859 |
| MR R JAMES BARKER | CHIEF FINANCIAL OFFICER Officer | 40 | $803,832 | $0 | $83,660 |
| MR CHAD MCINTOSH | GENERAL COUNSEL Key employee | 40 | $581,470 | $0 | $73,083 |
| MS KATHARINE CLAYTOR | VICE PRESIDENT Key employee | 40 | $536,093 | $0 | $61,850 |
| MS LORA J WILKINSON | VICE PRESIDENT Key employee | 40 | $340,888 | $0 | $61,850 |
| MS DEBORAH S MARTIN | STAFF Highest-paid employee | 40 | $284,656 | $0 | $60,818 |
| MS LOTTIE SCHOTTMILLER | STAFF Highest-paid employee | 40 | $209,671 | $0 | $54,239 |
| MS LISA R NICHOLS | STAFF Highest-paid employee | 40 | $197,270 | $0 | $50,443 |
| MS DAWN H MCCRAY | STAFF Highest-paid employee | 40 | $200,205 | $0 | $47,501 |
| MS MARY B SMITH | STAFF Highest-paid employee | 40 | $176,926 | $0 | $54,603 |
| MR THOMAS R BYRD | CHAIRMAN OF THE BOARD Trustee or director, Officer | 5 | $59,000 | $0 | $0 |
| MS LAURA W THOMAS | DIRECTOR Trustee or director | 5 | $0 | $58,250 | $0 |
| MR JAMES C HALE | DIRECTOR Trustee or director | 4 | $39,875 | $0 | $0 |
| MS PAMELA S SCHUTZ | DIRECTOR Trustee or director | 2 | $37,625 | $0 | $0 |
| MR JAN S SESSOR | DIRECTOR Trustee or director | 4 | $35,625 | $0 | $0 |
| MS JEANNE ARMENTROUT | DIRECTOR Trustee or director | 3 | $35,000 | $0 | $0 |
| MR DOUGLAS JUANARENA | DIRECTOR Trustee or director | 3 | $34,500 | $0 | $0 |
| MS ELIZABETH A MCCLANAHAN | DIRECTOR Trustee or director | 3 | $31,500 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 5415 AIRPORT RD NW, ROANOKE, VA 24012-1303
- In care of
- % GEORGE A LEVICKI PRESIDENT
- Principal officer (990 for 2024)
- R JAMES BARKER, 5415 AIRPORT ROAD, ROANOKE, VA 240121303
- Signed the 990
- R JAMES BARKER, CHIEF FINANCIAL OFFICER
- Phone
- (540) 989-8000
- Return prepared by
- BROWN EDWARDS & COMPANY LLP
Mission
GUIDING, MONITORING AND COORDINATING THE ACTIVITIES OF ITS SUBSIDIARY, DELTA DENTAL OF VIRGINIA ("DDVA") AND OTHER AFFILIATED ENTITIES, TO ACHIEVE THE TAX-EXEMPT HEALTH CARE PURPOSES OF DDVA IN AN EFFICIENT AND INTEGRATED MANNER.
Program accomplishments
- GUIDING, MONITORING AND COORDINATING THE ACTIVITIES OF ITS SUBSIDIARY, DELTA DENTAL OF VIRGINIA ("DDVA") AND OTHER AFFILIATED ENTITIES, TO ACHIEVE THE TAX-EXEMPT HEALTH CARE PURPOSES OF DDVA IN AN EFFICIENT AND INTEGRATED MANNER.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-5945158
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2007
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E11)
- Assets (IRS master file)
- $108,779,654
- Income (IRS master file)
- $4,078,300
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | -$1,756,733 | $34,674,430 | $108,779,654 | XML |
| 990 | December 2023 | -$509,499 | $32,659,933 | $97,752,866 | XML |
| 990 | December 2022 | -$668,910 | $32,471,544 | $80,763,476 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-5945158).
Questions about CORVESTA INC
- What is the EIN of CORVESTA INC?
- The employer identification number (EIN) of CORVESTA INC is 20-5945158.
- Is CORVESTA INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2007.
- Are donations to CORVESTA INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CORVESTA INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CORVESTA INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CORVESTA INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CORVESTA INC?
- The 990 for the year ended December 31, 2024 names R JAMES BARKER.
- Who are the officers and directors of CORVESTA INC?
- The 990 for the year ended December 31, 2024 lists 18 people; 17 received compensation from the organization, the highest $2,005,346 (MR FRANK L LUCIA, PRESIDENT & CEO).
- How much revenue does CORVESTA INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of -$1,756,733, expenses of $34,674,430 and total assets of $108,779,654 at year end.
Other nonprofits in ROANOKE
- CARILION MEDICAL CENTER EIN 54-0506332 · last filed 990 for 2025
- DELTA DENTAL PLAN OF VIRGINIA EIN 54-0844477 · last filed 990 for 2024
- CARILION SERVICES INC EIN 54-1190879 · last filed 990 for 2025
- CARILION NEW RIVER VALLEY MEDICAL CENTER EIN 54-0553805 · last filed 990 for 2025
- CARILION GILES COMMUNITY HOSPITAL EIN 54-0549603 · last filed 990 for 2025
- CARILION FRANKLIN MEMORIAL HOSPITAL EIN 54-0480606 · last filed 990 for 2025
- CARILION ROCKBRIDGE COMMUNITY HOSPITAL EIN 54-0568001 · last filed 990 for 2025
- RICHFIELD LIVING EIN 54-0534606 · last filed 990 for 2024