Corvesta Inc

Organization Overview

Corvesta Inc is located in Roanoke, VA. The organization was established in 2007. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 12/2022, Corvesta Inc employed 55 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Corvesta Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.

For the year ending 12/2022, Corvesta Inc generated -$668.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.2%) each year. All expenses for the organization totaled $32.5m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE OPPORTUNITIES THROUGH A HOLDING COMPANY IN SUPPORT OF THE MISSION OF DELTA DENTAL OF VA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

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.


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Board, Officers & Key Employees

Name (title)Compensation
Mr Thomas R Byrd
Chairman Of The Board
$55,250
Ms Jeanne Armentrout
Director
$33,500
Mr Barry E Duval
Director
$30,000
Mr James C Hale
Director
$35,000
Mr Douglas Juanarena
Director
$32,250
Ms Pamela S Schutz
Director
$35,750

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Northwinds Technology Solution
It Services / Affiliate
$17,815,806
Accion Labs Us Inc
Contract Programming
$507,426
Tek Systems
Contract Programming
$203,192
Healthedge Software Inc
Software Development
$191,823
Marlin Hawk
Consulting Services
$141,750
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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $426,333
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$1,095,243
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue -$668,910

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