CHARLES COLE MEMORIAL HOSPITAL

EIN: 240802108 501(c)(3) Health Care

COUDERSPORT, PA

Total Revenue
$108,701,064
Total Expenses
$101,393,466
Total Assets
$68,147,041
Net Assets
$58,704,837
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1967
Legal Domicile
PA
Principal Officer
JANIE HILFIGER
Phone
8142749300
Tax Period
2021-07-01 to 2022-06-30

CHARLES COLE MEMORIAL HOSPITAL, founded in 1967, is a major nonprofit in the Health Care sector that reported $108.7M in total revenue in fiscal year 2021. Expenses of $101.4M left a modest 7% surplus.

Mission

CHARLES COLE MEMORIAL HOSPITAL PROVIDES INPATIENT, OUTPATIENT, SKILLED NURSING & ANCILLARY HEALTHCARE SERVICES TO SURROUNDING RURAL COMMUNITIES OF NORTH CENTRAL PENNSYLVANIA.

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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 (2021)

Revenue Breakdown

Contributions & Grants $1,464,838
Program Service Revenue $107,005,582
Investment Income $359,493
Other Revenue $-128,849
TOTAL REVENUE $108,701,064

Expense Breakdown

Grants Paid $20,000
Salaries & Benefits $51,919,507
Fundraising Expenses $0
Program Expenses $90,192,847
Other Expenses $49,453,959
TOTAL EXPENSES $101,393,466

Year-over-Year Comparison

2021 2020 Change
Revenue $108,701,064 $104,969,077 +0.0%
Expenses $101,393,466 $104,584,622 0.0%
Net Income $7,307,598 $384,455 +18.0%
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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Governance

Voting Members
13
Independent Members
8
Employees
619
Volunteers
16

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
8
$1,691,079
Total Directors
14
$2,971,744
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVEN P JOHNSON DIRECTOR 1.0
Director
$0 $132,926 $1,201,693
TERRANCE FOUST DO PHYSICIAN 40.0
Highest
$855,027 $64,193 $919,220
BRADLEY GIANNOTTI MD PHYSICIAN 40.0
Highest
$851,353 $56,114 $907,467
DAVID J LOPATOFSKY MD DIRECTOR/VICE CHAIR END 12/21 1.0
Officer Director
$0 $124,256 $843,076
SAKET PRASAD MD PHYSICIAN 40.0
Highest
$651,567 $68,337 $719,904
JEREMY REED MD PHYSICIAN 40.0
Highest
$465,644 $39,015 $504,659
MARIBETH MCLAUGHLIN DIRECTOR 1.0
Director
$0 $56,100 $502,664
ETHAN GABLE MD PHYSICIAN 40.0
Highest
$433,196 $23,565 $456,761
JANIE HILFIGER PRESIDENT/CEO 47.0
Officer
$0 $34,303 $317,105
PATRICIA JACKSON-GEHRIS PRES UPMC NCPA BEGIN 06/22 40.0
Officer
$0 $26,386 $293,518
EDWARD PITCHFORD PRESIDENT/CEO 0.0
$0 $0 $292,699
RON RAPP CHIEF FINANCIAL OFFICER 47.0
Officer
$188,464 $48,916 $237,380
MARY ANN RIGAS MD DIRECTOR 1.0
Director
$179,239 $39,713 $218,952
CARRIE ENNIS DIRECTOR 1.0
Director
$0 $27,582 $205,359
ALANNA HUCK SECRETARY/VICE CHAIR BEG 12/21 1.0
Officer Director
$0 $0 $0
MICHAEL CALLAHAN DO DIRECTOR 1.0
Director
$0 $0 $0
MELYNDA BUDD DIRECTOR/TREASURER BEG 12/21 1.0
Officer Director
$0 $0 $0
PATRICK LARSEN DIRECTOR 1.0
Director
$0 $0 $0
CHARLES UPDEGRAFF CHAIR/DIRECTOR END 09/21 1.0
Officer Director
$0 $0 $0
JOHN LEETE TREASURER/CHAIR BEG 12/21 1.0
Officer Director
$0 $0 $0
ELIZABETH WALLACE DIRECTOR 1.0
Director
$0 $0 $0
JOSHUA COSTA DIRECTOR BEGIN 03/22 1.0
Director
$0 $0 $0
MATTHEW SPLAIN DIRECTOR BEGIN 03/22 1.0
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
2022 $108,701,064 $101,393,466 $68,147,041 $7,307,598
2021 $104,969,077 $104,584,622 $66,801,913 $384,455
2020 $103,981,889 $98,097,934 $72,649,035 $5,883,955
2019 $99,812,391 $96,321,142 $79,772,691 $3,491,249
2018 $99,242,096 $96,650,452 $45,615,938 $2,591,644
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