Laurel Health System (EIN 240795488) - 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

1989

Legal Domicile

Principal Officer

CHRISTOPHER STOCKHAUSEN

Phone

4126472345

Tax Period

2019-07-01 to 2020-06-30

Laurel Health System, founded in 1989, is a small nonprofit in the Health Care sector that reported $144K in total revenue in fiscal year 2019. The organization ran a surplus of $115K, a strong 80% operating margin.

Mission

Expenditures in support of affiliated entities that provide a wide range of health and human services from primary and acute care to long-term care and preventive health services. The 3 organizations supported over the past year include: one rural critical access hospital, UPMC Wellsboro, with 1,339 admissions rendering 5,240 patient days. UPMC Wellsboro had 13,109 emergency room visits and performed 1,447 surgeries. A skilled nursing facility, The Green Home, with 39,420 resident days; The payor mix was 76% Medicaid, 11% Medicare and 12% self-pay residents. Rehabilitation services provided included 13,082 physical therapy treatments, 11,975 occupational therapy treatments and 2,782 speech therapy treatments. A personal care facility, the Laurels operated by the green home, with 30 units occupied serving individuals aged 62 and older. The Laurels had an occupancy rate of 84% with 100% self-pay residents. TIOGA HEALTH CARE PROVIDERS (THCP) IS COMPRISED FOR MULTISPECIALTY HEALTH CARE PROVIDERS SPECIALIZING IN GENERAL SURGERY, UROLOGY, ORTHOPEDIC SURGERY, EMERGENCY MEDICINE, SURGERY, FAMILY MEDICINE, PODIATRY, ANESTHESOLOGY AND OTHERS SPECIALITIES. THE SERVICES PRIMARILY SERVE TIPOGA COUNTY. FOR THE FISCAL YEAR ENDED JUNE 30, 2020 THERE WERE APPROXIMATELY 4,900 OFFICE VISITS FOR THCP emergency medical services, physician assistant, registered nurse, surgery, medical, family medicine, podiatrist, anesthesiology and many more. The services primarily serve Tioga county. For the fiscal year ended June 30, 2020 there were approximately 4,900 office visits for THCP.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $144,272

Other Revenue $0

TOTAL REVENUE $144,272

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $29,320

Other Expenses $29,320

TOTAL EXPENSES $29,320

Year-over-Year Comparison

	2019	2018	Change
Revenue	$144,272	$148,228	0.0%
Expenses	$29,320	$-1,756	-17.7%
Net Income	$114,952	$149,984	-0.2%

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

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

$1,721,811

Total Directors

$1,600,222

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Steven P Johnson	Regional President & Director	1.0	Officer Director	$0	$132,719	$1,129,071
Darius Abadi DO	Director	1.0	Director	$0	$41,182	$471,151
Donald Owrey	COO (J 9/1/2019)	1.0	Officer	$0	$92,974	$298,654
Janie Hilfiger	President	1.0	Officer	$0	$23,008	$294,086
Matthew Decamp	Director	1.0	Director	$0	$0	$0
Lisa Feil PsyD	Director	1.0	Director	$0	$0	$0
Robert Fitzgerald	Director	1.0	Director	$0	$0	$0
Harold Hoose III	Board Vice Chair	1.0	Officer Director	$0	$0	$0
Michael Lichty	Director	1.0	Director	$0	$0	$0
J Dennis Murray PhD	Director	1.0	Director	$0	$0	$0
Glenn Poirier	Chair	1.0	Officer Director	$0	$0	$0
Wendy Swartz	Board Treasurer	1.0	Officer Director	$0	$0	$0
Donna Wilson	Director	1.0	Director	$0	$0	$0
Kathy Wright PhD	Board Secretary	1.0	Officer Director	$0	$0	$0
Christopher Stockhausen	CFO	1.0	Officer	$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
2020	$144,272	$29,320	$28,078,065	$114,952
2019	$148,228	$-1,756	$4,168,333	$149,984

Laurel Health System