THE ALLENTOWN SPECIALTY HOSPITAL INC (EIN 233009874) - 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

1999

Legal Domicile

Principal Officer

MICHAEL SPIGEL

Phone

6107763160

Tax Period

2022-07-01 to 2023-06-30

THE ALLENTOWN SPECIALTY HOSPITAL INC, founded in 1999, is a mid-sized nonprofit in the Health Care sector that reported $11.0M in total revenue in fiscal year 2022. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $17.7M exceeded revenue, resulting in a 61% operating deficit.

Mission

TO ENHANCE LIVES, MAXIMIZE FUNCTION, INSPIRE HOPE, AND PROMOTE DIGNITY AND WELL-BEING.

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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 $10,990,586

Investment Income $14,425

Other Revenue $0

TOTAL REVENUE $11,005,011

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,859,040

Fundraising Expenses $0

Program Expenses $14,550,065

Other Expenses $10,851,097

TOTAL EXPENSES $17,710,137

Year-over-Year Comparison

	2022	2021	Change
Revenue	$11,005,011	$15,301,336	-0.3%
Expenses	$17,710,137	$18,651,333	-0.1%
Net Income	$-6,705,126	$-3,349,997	+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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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

115

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

$1,349,850

Total Directors

$1,315,615

Key Employees

$1,506,195

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL R SPIGEL	PRESIDENT & CEO	6.50	Officer Director	$0	$36,114	$645,814
JAMES DALEY	TRUSTEE	4.00	Director	$0	$5,765	$278,116
PETER ENDER	TRUSTEE	1.00	Director	$0	$0	$0
ASTRID GONZALEZ-PARILLA	SECRETARY/TREASURER	16.00	Officer Director	$0	$20,063	$323,036
MAHESH KRISHNAMURTHY	TRUSTEE	1.00	Director	$0	$0	$0
JAMES WADDELL	TRUSTEE/INTERIM ADMINISTRATOR	40.00	Director	$47,589	$21,060	$68,649
DAN JANICAK	INTERIM CFO	5.00	Officer	$0	$0	$381,000
JEANNE DZURENKO	CNO & SVP	5.00	Key Emp	$0	$17,092	$269,123
TERENCE P O'NEIL	CHIEF INFORMATION OFFICER	5.00	Key Emp	$0	$28,653	$305,730
CHERYL A FISHER	CHIEF HR OFFICER	5.00	Key Emp	$0	$29,714	$300,553
SANDEEP SINGH	CMO & SVP	5.00	Key Emp	$0	$45,838	$630,789
THANDIZO KANKONDO	RN SPECIALTY	40.00	Highest	$119,180	$12,681	$131,861
CHARISSA D CALIOLIO	RN SPECIALTY WEEKENDS	40.00	Highest	$153,187	$7,868	$161,055
DAVID CRUZADO	RN SPECIALTY	40.00	Highest	$154,075	$1,541	$155,616
ZACHARY BRADSHAW	RN SPECIALTY	40.00	Highest	$125,868	$3,247	$129,115
HEIDIE L BUSS	RN SUPERVISOR WEEKENDS	40.00	Highest	$119,375	$21,587	$140,962

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	$11,005,011	$17,710,137	$5,744,962	$-6,705,126
2022	$15,301,336	$18,651,333	$12,845,579	$-3,349,997
2021	$17,427,993	$19,445,891	$18,736,864	$-2,017,898
2020	$18,742,568	$19,370,579	$20,337,943	$-628,011
2019	$16,434,689	$17,801,586	$19,049,424	$-1,366,897
2018	$16,082,858	$16,601,667	$20,758,211	$-518,809

THE ALLENTOWN SPECIALTY HOSPITAL INC