THE WRIGHT CENTER FOR GRADUATE MEDICAL EDUCATION

EIN: 232007832 501(c)(3) Diseases & Disorders

SCRANTON, PA

Total Revenue
$43,828,443
Total Expenses
$41,849,942
Total Assets
$34,173,526
Net Assets
$15,661,260
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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
1976
Legal Domicile
PA
Principal Officer
LINDA THOMAS-HEMAK MD
Phone
5703432383
Tax Period
2022-07-01 to 2023-06-30

THE WRIGHT CENTER FOR GRADUATE MEDICAL EDUCATION, founded in 1976, is a mid-sized nonprofit in the Diseases & Disorders sector that reported $43.8M in total revenue in fiscal year 2022. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $41.8M left a modest 5% surplus.

Mission

THE MISSION OF THE WRIGHT CENTER FOR GRADUATE MEDICAL EDUCATION (TWCGME) IS TO IMPROVE THE HEALTH AND WELFARE OF THE COMMUNITIES WE SERVE. SEE SCHEDULE O FOR MORE.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $21,445,463
Program Service Revenue $19,268,341
Investment Income $524,813
Other Revenue $2,589,826
TOTAL REVENUE $43,828,443

Expense Breakdown

Grants Paid $267,817
Salaries & Benefits $28,377,333
Fundraising Expenses $0
Program Expenses $27,534,838
Other Expenses $13,204,792
TOTAL EXPENSES $41,849,942

Year-over-Year Comparison

2022 2021 Change
Revenue $43,828,443 $39,606,014 +0.1%
Expenses $41,849,942 $38,265,906 +0.1%
Net Income $1,978,501 $1,340,108 +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

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Governance

Voting Members
17
Independent Members
16
Employees
447
Volunteers
22

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
7
$1,290,088
Total Directors
23
$945,731
Key Employees
9
$3,303,239
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LINDA THOMAS-HEMAK MD PRESIDENT & CEO 15.0
Officer Director
$226,090 $41,372 $945,731
JIGNESH SHETH MD SVP CLINICAL OPERATIONS/PHY 15.0
Key Emp
$148,182 $41,372 $634,101
WILLIAM DEMPSEY MD ASSOCIATE PROGRAM DIRECTOR/PHY 5.0
Highest
$35,983 $38,608 $398,441
JUMEE BAROOAH MD DIO AND PHYSICIAN/ NON VOTING 25.0
Key Emp
$148,734 $40,741 $386,633
VINOD SHARMA MD PROGRAM DIRECTOR/PHYSICIAN 30.0
Key Emp
$172,243 $39,077 $383,563
ENRIQUE SAMONTE MD PROGRAM DIRECTOR/PHYSICIAN 5.0
Key Emp
$35,157 $36,748 $356,356
TIMOTHY BURKE DO PROGRAM DIRECTOR/PHYSICIAN 20.0
Key Emp
$116,796 $38,726 $354,390
MAUREEN LITCHMAN MD ASSOCIATE PROGRAM DIRECTOR/PHY 15.0
Highest
$96,285 $29,495 $350,445
JENNIFER WALSH ESQ SVP ENT COMP INTEG 55.0
Key Emp
$319,624 $27,860 $347,484
RONALD DANIELS CPA CFO 55.0
Officer
$309,658 $34,699 $344,357
RAJIV BANSAL MD DIRECTOR OF HOSPITAL SERVICES 5.0
Key Emp
$34,896 $37,086 $327,884
JOHN JANOSKY CHIEF INFORMATION OFFICER 55.0
Highest
$266,342 $32,932 $299,274
DEBORAH SPRING MD ASSOCIATE PROGRAM DIRECTOR/PHY 5.0
Highest
$31,849 $32,666 $298,077
JOSEPH SILEO ESQ SVP LEGAL SERVICES & GENERAL C 55.0
Highest
$266,467 $19,919 $286,386
MEAGHAN RUDDY PHD CHIEF R&D OFFICER & SVP ACADEM 40.0
Key Emp
$184,820 $30,135 $276,562
VENARD KOERWER PHD EVP & CHIEF ADMINISTRATIVE OFF 55.0
Key Emp
$226,190 $10,076 $236,266
CAROL RUBEL SECRETARY 5.0
Officer Director
$0 $0 $0
DEBRA YOUNGFELT DIRECTOR 1.0
Director
$0 $0 $0
DOUGLAS SPEGMAN MD DIRECTOR 1.0
Director
$0 $0 $0
ELENI O'DONOVAN MD DIRECTOR 1.0
Director
$0 $0 $0
GERTRUDE MCGOWAN ESQ DIRECTOR END 03/23 1.0
Director
$0 $0 $0
HAROLD BAILLIE PHD CHAIRMAN 5.0
Officer Director
$0 $0 $0
JAMES GAVIN VICE CHAIR 5.0
Officer Director
$0 $0 $0
JOHN KEARNEY TREASURER END 05/23 5.0
Officer Director
$0 $0 $0
JUDY FEATHERSTONE MD DIRECTOR 1.0
Director
$0 $0 $0
KEVIN SULLIVAN DIRECTOR END 12/22 1.0
Director
$0 $0 $0
KIM PATTON DIRECTOR 1.0
Director
$0 $0 $0
LIA RICHARDS-PALMITER PHD DIRECTOR END 09/22 1.0
Director
$0 $0 $0
MICHAEL CURRAN DIRECTOR BEG 05/23 1.0
Director
$0 $0 $0
MICHAEL PAGLIA MD PHD DIRECTOR 1.0
Director
$0 $0 $0
PATRICK CONABOY MD DIRECTOR END 09/22 1.0
Director
$0 $0 $0
PETER AMATO PHD DNM DIRECTOR BEG 05/23 1.0
Director
$0 $0 $0
RONALD BUKOWSKI DIRECTOR 1.0
Director
$0 $0 $0
SCOTT SCHERMERHORN DIRECTOR BEG 12/22 1.0
Director
$0 $0 $0
SHARON OBADIA DO DIRECTOR 1.0
Director
$0 $0 $0
TERI OOMS TREASURER BEG 06/23 5.0
Officer Director
$0 $0 $0
THOMAS BISIGNANI DIRECTOR END 05/23 1.0
Director
$0 $0 $0
ARIANE CONABOY DO DIRECTOR BEG 09/22 1.0
Director
$0 $0 $0
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $43,828,443 $41,849,942 $34,173,526 $1,978,501
2022 $39,606,014 $38,265,906 $27,756,136 $1,340,108
2021 $43,473,905 $39,282,632 $28,350,277 $4,191,273
2020 $32,534,041 $33,000,990 $28,577,387 $-466,949
2019 $31,683,968 $28,131,775 $11,569,537 $3,552,193
2018 $28,159,251 $24,725,752 $9,554,808 $3,433,499
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