HAZLETON PROFESSIONAL SERVICES (EIN 205880364) - Form 990 Financial Analysis & Trantor Score

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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

2006

Legal Domicile

Principal Officer

DAVID B BURMEISTER DO

Phone

4842241876

Tax Period

2023-07-01 to 2024-06-30

HAZLETON PROFESSIONAL SERVICES, founded in 2006, is a mid-sized nonprofit that reported $40.4M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $53.1M exceeded revenue, resulting in a 32% operating deficit.

Mission

IN THE HAZLETON REGION, WE PROVIDE HEALTHCARE SERVICES TO THE COMMUNITY BY PREVENTING ILLNESS, PROMOTING WELLNESS, AND ENHANCING THE HEALTH STATUS OF ALL WE SERVE. WE HEAL, COMFORT AND CARE FOR THE PEOPLE OF OUR COMMUNITY BY PROVIDING ADVANCED AND COMPASSIONATE HEALTH CARE OF SUPERIOR QUALITY AND VALUE, SUPPORTED BY EDUCATION AND CLINICAL RESEARCH.

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,223

Program Service Revenue $40,353,556

Investment Income $-10,914

Other Revenue $14,885

TOTAL REVENUE $40,360,750

Expense Breakdown

Grants Paid $0

Salaries & Benefits $41,274,183

Fundraising Expenses $0

Program Expenses $50,839,169

Other Expenses $11,852,954

TOTAL EXPENSES $53,127,137

Year-over-Year Comparison

	2023	2022	Change
Revenue	$40,360,750	$35,216,959	+0.1%
Expenses	$53,127,137	$49,412,193	+0.1%
Net Income	$-12,766,387	$-14,195,234	-0.1%

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

N/A

Employees

312

Volunteers

N/A

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

$2,372,305

Total Directors

$11,468,004

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMMAR S ABBASI MD FAAPMR	SECRETARY / TRUSTEE	37.50	Officer Director	$424,736	$8,525	$433,261
ANTHONY P BUONANNO MD	FORMER TRUSTEE	0.00		$0	$1,905	$48,797
DAVID B BURMEISTER DO	PRESIDENT/TRUSTEE	2.50	Officer Director	$0	$24,845	$755,945
JOSEPH D DEFULVIO DO	CHAIRPERSON / TREASURER	2.50	Officer Director	$0	$16,223	$553,488
JAMES N DEMOPOULOS SR MHA	TRUSTEE (NON-VOTING)	2.50	Director	$0	$17,133	$579,009
MICHAEL W EVANS MD	FORMER SECRETARY	40.00		$637,950	$24,419	$662,369
AMANDA B FLICKER MD	TRUSTEE	2.50	Director	$0	$10,916	$632,733
RONALD S FREUDENBERGER MD	TRUSTEE	2.50	Director	$0	$25,459	$913,225
TIMOTHY J FRIEL MD	TRUSTEE	2.50	Director	$0	$25,459	$732,354
GRANT M GREENBERG MD	TRUSTEE	2.50	Director	$0	$18,916	$472,564
J NATHAN HAGSTROM MD	TRUSTEE	2.50	Director	$0	$25,421	$603,843
THOMAS M MCLOUGHLIN MD	FORMER TRUSTEE	0.00		$0	$27,302	$860,013
ROBERT X MURPHY JR MD MS	TRUSTEE	2.50	Director	$0	$25,186	$1,712,819
SURESH G NAIR MD	TRUSTEE	2.50	Director	$0	$19,579	$835,676
EDWARD R NORRIS MD	FORMER TRUSTEE	0.00		$0	$25,388	$615,083
MICHAEL D PASQUALE MD	TRUSTEE	2.50	Director	$0	$25,459	$1,089,361
MICHAEL A ROSSI MD MBA	TRUSTEE	2.50	Director	$0	$17,748	$1,460,621
PATRICK C SIMONSON	TRUSTEE (NON-VOTING)	2.50	Director	$0	$3,012	$63,494
JENNIFER L STEPHENS DO	VICE CHAIRPERSON	2.50	Officer Director	$0	$16,578	$629,611
YAQOOB A MOHYUDDIN MD	PHYSICIAN	40.00	Highest	$1,058,300	$24,519	$1,082,819
ANTHONY C FALVELLO DO	PHYSICIAN	40.00	Highest	$905,654	$24,519	$930,173
ANTHONY M CARRATO MD	PHYSICIAN	40.00	Highest	$757,933	$24,519	$782,452
JON D HERNANDEZ MD	PHYSICIAN	40.00	Highest	$633,784	$24,519	$658,303
MICHAEL MAHONEY DO	PHYSICIAN	40.00	Highest	$603,457	$24,338	$627,795

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	No data	No data	No data	No data
2024	$40,360,750	$53,127,137	$16,264,628	$-12,766,387
2023	$35,216,959	$49,412,193	$31,970,958	$-14,195,234
2022	$34,443,532	$42,559,618	$9,890,125	$-8,116,086
2021	$31,426,848	$35,904,845	$9,503,487	$-4,477,997
2020	$28,593,902	$35,971,190	$8,784,150	$-7,377,288
2019	$26,688,521	$36,272,108	$6,460,475	$-9,583,587
2018	$24,012,430	$28,385,749	$1,775,377	$-4,373,319

HAZLETON PROFESSIONAL SERVICES