WAYNE MEMORIAL HEALTH SYSTEM INC

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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

1992

Legal Domicile

Principal Officer

JAMES PETTINATO

Phone

5702538100

Tax Period

2022-07-01 to 2023-06-30

WAYNE MEMORIAL HEALTH SYSTEM INC, founded in 1992, is a community nonprofit in the Health Care sector that reported $1.5M in total revenue in fiscal year 2022. Revenue fell 30% from the prior year — a significant decline worth monitoring. Net assets of $4.0M represent 33 months of operating reserves.

Mission

WAYNE MEMORIAL HEALTH SYSTEM DESIRES TO BE THE PROVIDER OF FIRST CHOICE FOR COMMUNITY HEALTH CARE IN WAYNE AND PIKE COUNTIES AND THE GREATER CARBONDALE AND FOREST CITY REGIONS OF NORTHEAST PENNSYLVANIA.

Program Service Accomplishments

Program 1

Expenses: $1,290,577 Revenue: $1,422,096

WAYNE MEMORIAL HEALTH SYSTEM PROMOTES THE HEALTH OF THOSE WHO LIVE IN THE COMMUNITY IT SERVES IN WAYNE AND PIKE COUNTIES, PENNSYLVANIA, AS THE SOLE MEMBER OF WAYNE MEMORIAL HOSPITAL, WAYNE MEMORIAL LONG-TERM CARE AND THE WAYNE MEMORIAL HEALTH FOUNDATION. SEE SCHEDULE O FOR MORE INFORMATION.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,422,096

Investment Income $0

Other Revenue $41,382

TOTAL REVENUE $1,463,478

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,554,252

Fundraising Expenses $0

Program Expenses $1,290,577

Other Expenses $7,361

TOTAL EXPENSES $1,561,613

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,463,478	$2,083,023	-0.3%
Expenses	$1,561,613	$1,867,105	-0.2%
Net Income	$-98,135	$215,918	-1.5%

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

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

$581,174

Total Directors

$429,545

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR SEAN MCVEIGH	TRUSTEE/CHIEF OF MS	0.8	Director	$0	$30,711	$429,545
JAMES PETTINATO	CEO	0.1	Officer	$338,430	$47,871	$386,301
PATRICIA DUNSINGER	CFO	14.8	Officer	$180,601	$14,272	$194,873
JAMES HOCKENBURY	CHIEF OF ANCILLARY SERVICES	6.0	Highest	$167,895	$17,536	$185,431
BETHANY FINE	CHIEF OF HUMAN RESOURCES	13.2	Highest	$132,330	$31,210	$163,540
CHANDRA ROBERTS	CHIEF OF PATIENT CARE SERVICES	0.8	Highest	$115,427	$14,703	$130,130
TIMOTHY HUBER	CHIEF OF REAL ESTATE AND FACIL	13.2	Highest	$103,888	$25,018	$128,906
BRAD KIESENDAHL	TRUSTEE	0.8	Director	$0	$0	$0
CHRISTINE RECHNER	TRUSTEE/ WM LTC CHAIRMAN	0.8	Director	$0	$0	$0
DIANE POPOVICH	TRUSTEE/AUXILIARY PRESIDENT	0.8	Director	$0	$0	$0
DR JASON ZIELINSKI	TRUSTEE/MS VP	0.8	Director	$0	$0	$0
FRANK BORELLI	TREASURER	0.8	Officer Director	$0	$0	$0
HUGH RECHNER	CHAIRMAN	1.0	Officer Director	$0	$0	$0
JOANN HUDAK	1ST VICE CHAIR	0.8	Officer Director	$0	$0	$0
KATE BRYANT	TRUSTEE	0.8	Director	$0	$0	$0
KEITH GUNUSKEY	TRUSTEE	0.8	Director	$0	$0	$0
MARY BURNS HOFF	SECRETARY	0.8	Officer Director	$0	$0	$0
MARY BETH WOOD	TRUSTEE	0.8	Director	$0	$0	$0
NANCY MORO	TRUSTEE/CAB PRESIDENT	0.8	Director	$0	$0	$0
NANCY PROPST	TRUSTEE/FOUNDATION CHAIRMAN	0.8	Director	$0	$0	$0
PAUL KARPIAK	TRUSTEE	0.8	Director	$0	$0	$0
RON SCHMALZE	TRUSTEE END 12/22	0.8	Director	$0	$0	$0
WENDELL HUNT	2ND VICE CHAIR	0.8	Officer Director	$0	$0	$0
MELISSA RICKARD	TRUSTEE	0.8	Director	$0	$0	$0
DR SANDY COSKLO	TRUSTEE/MS PRESIDENT	0.8	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	$1,463,478	$1,561,613	$4,875,805	$-98,135
2022	$2,083,023	$1,867,105	$5,058,162	$215,918
2021	$2,043,229	$1,941,445	$5,144,414	$101,784
2020	$2,015,672	$1,966,636	$4,941,686	$49,036
2019	$2,108,798	$1,915,063	$5,211,497	$193,735
2018	$2,482,684	$2,006,245	$4,872,107	$476,439