DANVILLE, PA
4 risk indicators measuring financial stability and operational resilience
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SEE SCHEDULE O HCC WAS FORMED FOR CHARITABLE,SCIENTIFIC, AND EDUCATIONAL PURPOSES TO PROVIDE MANAGEMENT AND RELATED SERVICES IN ORDER TO TREAT AND ASSIST THE SICK AND INJURED IN SUPPORT OF COMMUNITY...
SEE SCHEDULE O HCC WAS FORMED FOR CHARITABLE,SCIENTIFIC, AND EDUCATIONAL PURPOSES TO PROVIDE MANAGEMENT AND RELATED SERVICES IN ORDER TO TREAT AND ASSIST THE SICK AND INJURED IN SUPPORT OF COMMUNITY HOSPITALS. TO CARRY OUT ITS MISSION IN THE NORTHEASTERN PENNSYLVANIA REGION, HCC FORMED A GENERAL PARTNERSHIP IN 1985 WITH A GROUP OF RADIOLOGISTS TO ACQUIRE, OWN, FINANCE, AND OPERATE NORTHEASTERN PENNSYLVANIA IMAGING CENTER ("NPIC"), A MAGNETIC RESONANCE IMAGING CENTER LOCATED IN SCRANTON, PENNSYLVANIA. OVER A SPAN OF 30 YEARS, THE PARTNERSHIP DEVELOPED INTO A MULTIMODALITY FACILITY OFFERING MRI, PET/CT, CT, ULTRASOUND, X-RAY, AND BONE DENSITOMETRY SERVICES. HCC OWNS THE LAND ON WHICH THE SCRANTON MRI CENTER IS BUILT. HCC LEASED THE LAND TO NPIC SO THAT IMAGING SERVICES COULD BE ADMINISTERED AT THE FACILITY TO ADEQUATELY MEET THE HEALTH CARE DEMANDS OF THE SCRANTON COMMUNITY. IN ADDITION, HCC PROVIDED MONETARY DISTRIBUTIONS TO ITS NOT-FOR-PROFIT MEMBER/OWNERS TO USE TOWARDS THEIR EXEMPT PURPOSES. EFFECTIVE JULY 31, 2016, NPIC CEASED DAILY OPERATIONS. AS SUCH, HCC PROGRAM SERVICES HAVE DIMINISHED. WITH THE CLOSING OF NPIC, HCC ALSO DECIDED TO WIND DOWN ITS OPERATIONS AND SELL OFF ITS ASSETS. ON DECEMBER 24, 2020 HCC SOLD LAND AT FAIR MARKET VALUE. FINAL DISTRIBUTIONS OF THE ORGANIZATIONS ASSETS WERE MADE TO HCC'A NOT-FOR-PROFIT MEMBERS TO SUPPORT THEIR EXEMPT PURPOSES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2020 | 2019 | Change | |
|---|---|---|---|
| Revenue | N/A | $-219,610 | -1.0% |
| Expenses | $12,081 | $116,577 | -0.9% |
| Net Income | N/A | $-336,187 | N/A |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| BARBARA BOSSI | PRESIDENT | 0.25 |
Officer
Director
|
$0 | $0 | $0 |
| DONALD KLINE | DIRECTOR | 0.25 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2021 | No data | $12,081 | No data | No data |
| 2020 | $-219,610 | $116,577 | $24,599 | $-336,187 |
Compare HEALTH CARE CORPORATION OF NORTHEASTERN PENNSYLVANIA with other nonprofits in Pennsylvania and across the country.