POCONO AMBULATORY SERVICES INC

EIN: 232611474 501(c)(3)

ALLENTOWN, PA

Total Revenue
$8,032
Total Expenses
$679,134
Total Assets
$780,359
Net Assets
$-500,281
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
PA
Principal Officer
CORNELIO CATENA
Phone
4842241876
Tax Period
2022-07-01 to 2023-06-30

POCONO AMBULATORY SERVICES INC, founded in 1990, is a micro nonprofit that reported $8K in total revenue in fiscal year 2022. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $679K exceeded revenue, resulting in a 8355% operating deficit.

Mission

OUR MISSION IS WHO WE ARE AND WHAT WE DO: TO PROVIDE WORLD CLASS CARE CLOSE TO HOME. OUR VISION IS WHAT WE AIM FOR TO BEST SERVE OUR COMMUNITY: TO BUILD A HEALTHIER COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $679,134 Revenue: $3,001

POCONO AMBULATORY SERVICES, IN SUPPORT OF LEHIGH VALLEY HOSPITAL - POCONO, PROVIDES OUTPATIENT SERVICES TO ITS PATIENTS THROUGH ITS GENERAL PARTNERSHIP INTEREST IN POCONO AMBULATORY SURGERY CENTER...

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POCONO AMBULATORY SERVICES, IN SUPPORT OF LEHIGH VALLEY HOSPITAL - POCONO, PROVIDES OUTPATIENT SERVICES TO ITS PATIENTS THROUGH ITS GENERAL PARTNERSHIP INTEREST IN POCONO AMBULATORY SURGERY CENTER (PASC). LEHIGH VALLEY HOSPITAL - POCONO, AN AFFILIATE OF POCONO AMBULATORY SERVICES, INC., PROVIDED SERVICES FOR AMBULATORY, OUTPATIENT SURGICAL PROCEDURES BY ALLOCATING ROOMS WHICH WERE UTILIZED FOR BOTH OUTPATIENT AND INPATIENT PROCEDURES. POCONO AMBULATORY SERVICES, INC. WAS ORGANIZED FOR THE PURPOSE OF DEVELOPING A CENTER DEDICATED TO PERFORMING OUTPATIENT PROCEDURES. IN THIS REGARD, POCONO AMBULATORY SERVICES ACQUIRED A GENERAL PARTNERSHIP INTEREST IN PASC. IN ORDER TO ENSURE THAT PASC OPERATES IN A MANNER CONSISTENT WITH THE HEALTH CARE STANDARDS AND MISSION OF THE LEHIGH VALLEY HOSPITAL - POCONO, THE PARTNERSHIP AGREEMENT EXPRESSLY PROVIDES THAT PASC WILL ADOPT AND MAINTAIN VARIOUS STANDARDS AND PRACTICES OF THE LEHIGH VALLEY HOSPITAL - POCONO. POCONO AMBULATORY SERVICES PRIMARILY OPERATES IN A MANAGEMENT CAPACITY FOR THE CENTER BY PROVIDING OUTPATIENT SERVICES IN A STATE-OF-THE-ART, COST EFFECTIVE OFFSITE FACILITY, INVOLVING SURGEONS ON STAFF AT LEHIGH VALLEY HOSPITAL - POCONO. ACCORDINGLY, THE UNINSURED AND UNDERINSURED WILL NOT BE DENIED TREATMENT, THUS ALLOWING THE OVERALL HEALTH SYSTEM TO COPE WITH THIS INCREASING SOCIAL RESPONSIBILITY. INCLUDED AMONG MULTIPLE SPECIALTY SERVICES PROVIDED BY THE CENTER ARE ORTHOPEDICS, OPHTHALMOLOGY, GYNECOLOGY, EAR, NOSE, AND THROAT, RECTAL, PODIATRY, ENDOSCOPY, GENERAL SURGERY, AND UROLOGY.

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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 $0
Program Service Revenue $0
Investment Income $5,031
Other Revenue $3,001
TOTAL REVENUE $8,032

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $679,134
Other Expenses $679,134
TOTAL EXPENSES $679,134

Year-over-Year Comparison

2022 2021 Change
Revenue $8,032 $6,465,321 -1.0%
Expenses $679,134 $6,808,802 -0.9%
Net Income $-671,102 $-343,481 +1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
N/A
Employees
N/A
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
4
$1,539,047
Total Directors
7
$2,890,318
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CORNELIO R CATENA CHAIRPERSON 1.00
Officer Director
$0 $16,591 $625,907
ALICE J WILSON VICE CHAIRPERSON 1.00
Officer Director
$0 $20,885 $238,346
STEVEN T CLARK TREASURER 1.00
Officer Director
$0 $28,403 $214,803
JONATHAN A GOLDNER DO SECRETARY 1.00
Officer Director
$0 $22,159 $459,991
JOHN J CROCKETT DIRECTOR 1.00
Director
$0 $34,246 $245,792
JAMES C MILLER DIRECTOR 1.00
Director
$0 $31,021 $559,691
AMY H NYBERG DIRECTOR 1.00
Director
$0 $24,879 $545,788
ROBERT A BEGLIOMINI PHARMD MBA FORMER DIRECTOR 0.00
$0 $30,611 $744,095
WILLIAM K CORS MD FORMER SECRETARY 0.00
$0 $17,876 $471,516
CHRISTINE HAYES FORMER TREASURER / DIRECTOR 0.00
$0 $33,959 $124,141
ELIZABETH M WISE FORMER VICE CHAIRPERSON 0.00
$0 $802 $38,189
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
2023 $1,235 $169,040 No data $-167,805
2023 $8,032 $679,134 $780,359 $-671,102
2022 $6,465,321 $6,808,802 $13,260,245 $-343,481
2021 $5,707,004 $6,368,351 $13,223,899 $-661,347
2020 $4,345,335 $5,917,032 $7,228,490 $-1,571,697
2019 $1,784 $297,508 $-286,550 $-295,724
2018 $7,031,623 $7,058,449 $4,126,647 $-26,826
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