HealthAlliance Hospital

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1902

Legal Domicile

Phone

8459436084

Tax Period

2024-01-01 to 2024-12-31

HealthAlliance Hospital, founded in 1902, is a major nonprofit in the Health Care sector that reported $189.4M in total revenue in fiscal year 2024. Expenses of $229.7M exceeded revenue, resulting in a 21% operating deficit.

Mission

THE MISSION OF HEALTHALLIANCE HOSPITAL IS TO PROVIDE THE HIGHEST QUALITY HEALTH CARE SERVICES TO ALL PEOPLE IN THE COMMUNITIES WE SERVE.

Program Service Accomplishments

Program 1

Expenses: $186,596,104 Revenue: $172,619,137

TO PROVIDE EXCELLENT HEALTH CARE SERVICES TO ALL PATIENTS. THIS IS ACHIEVED THROUGH THE HOSPITAL'S COMMITMENT OF THE VALUES OF HOSPITALITY, COMMUNITY, STEWARDSHIP, RESPECT, PEACE, EXCELLENCE...

TO PROVIDE EXCELLENT HEALTH CARE SERVICES TO ALL PATIENTS. THIS IS ACHIEVED THROUGH THE HOSPITAL'S COMMITMENT OF THE VALUES OF HOSPITALITY, COMMUNITY, STEWARDSHIP, RESPECT, PEACE, EXCELLENCE, INTEGRITY AND FISCAL RESPONSIBLITY. HEALTHALLIANCE HOSPITAL RECORDED 36,7820 PATIENT DAYS AND 3,999 SURGERIES (INPATIENT 990 & AMBULATORY 3,009). HEALTHALLIANCE HOSPITAL OFFERS VARIOUS OUTPATIENT SERVICES SUCH AS SLEEP LAB, CHEMOTHERAPY, PSYCH SERVICES, BREAST CENTER AND ALL RADIOLOGIC SERVICES (CT, ULTRASOUND & CARDIAC CATH). TOTAL VISITS FOR THESE SERVICES IN 2024 WERE APPROXIMATELY 97,771 (INCLUDING COVID LABS AND VACCINATIONS).

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $11,324,025

Program Service Revenue $167,973,339

Investment Income $3,528,107

Other Revenue $6,599,424

TOTAL REVENUE $189,424,895

Expense Breakdown

Grants Paid $0

Salaries & Benefits $125,887,916

Fundraising Expenses $0

Program Expenses $186,596,104

Other Expenses $103,779,590

TOTAL EXPENSES $229,667,506

Year-over-Year Comparison

	2024	2023	Change
Revenue	$189,424,895	$191,771,812	0.0%
Expenses	$229,667,506	$218,664,174	+0.1%
Net Income	$-40,242,611	$-26,892,362	+0.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

1175

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✓ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$9,835,559

Total Directors

$10,194,921

Key Employees

$820,910

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY COSTELLO	COO	1.0	Officer Director	$0	$40,449	$1,452,306
ANTHONY FRANK	CFO (THRU 1/2024)	1.0	Officer Director	$0	$21,267	$1,151,089
CHRISTOPHER LIBRANDI	SECRETARY (EFF. 11/2024)	1.0	Officer Director	$0	$78,514	$482,476
JOSHUA RATNER	CEO HEALTHALLIANCE (THRU 11/2024)/TRUSTEE (EFF. 11/2024)	1.0	Officer Director	$0	$86,847	$1,301,516
MICHAEL ISRAEL	VICE CHAIR	1.0	Officer Director	$0	$41,634	$3,408,373
CRAIG SICKLER	CHAIR	1.0	Director	$0	$0	$0
FALAK SHAH MD	VP of Medical Affairs	1.0	Director	$0	$42,569	$685,350
J CHRISTOPHER SMAILER	TRUSTEE (THRU 10/2024)	1.0	Director	$0	$0	$0
JAMAL MAHDAVIAN MD	PRESIDENT MEDICAL STAFF/TRUSTEE	1.0	Director	$0	$67,432	$667,997
JEROME SIMONETTY	TRUSTEE (THRU 2/2024)	1.0	Director	$0	$0	$0
JOHN BONAVITA-GOLDMAN MD	TRUSTEE	1.0	Director	$0	$0	$0
JOHN HEIMERDINGER	TRUSTEE	1.0	Director	$0	$0	$0
JULIE SWITZER	SECRETARY/TRUSTEE (THRU 10/2024)	1.0	Director	$0	$31,947	$1,045,814
RICHARD WISHNIE	Vice Chair/Treasurer (Thru 8/2024)	1.0	Director	$0	$0	$0
STEPHANIE TURCO	TRUSTEE	1.0	Director	$0	$0	$0
THOMAS COLLINS	TRUSTEE	1.0	Director	$0	$0	$0
WILLIAM FRISHMAN MD	TRUSTEE	1.0	Director	$0	$0	$0
Elissa Waliszewski CHESSARI	CHIEF OPERATING OFFICER - NORTHERN REGION	17.0	Officer	$0	$31,148	$565,238
JOHN MORGAN	INTERIM CFO (EFF. 1/2024)	1.0	Officer	$0	$34,701	$874,531
MICHAEL DOYLE MD	CMO	34.0	Officer	$590,841	$9,189	$600,030
Frances Davis	REGIONAL VICE PRESIDENT, NURSE EXECUTIVE	25.0	Key Emp	$0	$69,062	$470,058
Meghan Weygant	Vice President, Operations (THRU 10/2024)	30.0	Key Emp	$317,191	$33,661	$350,852
Derek Tompkins	CHIEF MRI TECHNOLOGIST	40.0	Highest	$242,930	$18,324	$261,254
Jane Ulrich	SR. VP OF NURSING	36.0	Highest	$226,073	$30,589	$256,662
Lowell Fley	ASSISTANT DIRECTOR, RADIOLOGY	40.0	Highest	$209,349	$35,266	$244,615
Michael Schaff	DIRECTOR OF PHARMACY	40.0	Highest	$208,128	$37,385	$245,513
Rebecca King	DIRECTOR OF RADIOLOGY	40.0	Highest	$191,981	$26,859	$218,840
GARY BRUDNICKI	FORMER TRUSTEE	0.0		$0	$0	$120,292

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$189,424,895	$229,667,506	$180,012,411	$-40,242,611
2023	$191,771,812	$218,664,174	$180,606,200	$-26,892,362
2022	$200,426,311	$199,141,704	$171,215,836	$1,284,607
2021	$219,708,301	$180,746,679	$117,788,749	$38,961,622
2020	$98,947,944	$93,588,893	$55,047,780	$5,359,051
2019	$76,125,945	$67,658,666	$39,038,683	$8,467,279
2018	$61,574,755	$64,276,827	$38,128,586	$-2,702,072