CLEARFIELD HOSPITAL

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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

1901

Legal Domicile

Principal Officer

RHONDA HALSTEAD

Phone

8147655341

Tax Period

2020-07-01 to 2021-06-30

CLEARFIELD HOSPITAL, founded in 1901, is a mid-sized nonprofit that reported $49.2M in total revenue in fiscal year 2020. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $43.3M left a modest 12% surplus.

Mission

TO PROVIDE THE COMMUNITY WITH EXCEPTIONAL CARE THROUGH OUR COMMUNITY-BASED HEALTH SYSTEM WHILE MAINTAINING A REVERENCE FOR LIFE.

Program Service Accomplishments

Program 1

Expenses: $40,797,616 Revenue: $43,902,444

AS A PART OF PENN HIGHLANDS HEALTHCARE, PENN HIGHLANDS CLEARFIELD CONTINUES ITS RICH TRADITION OF PROVIDING EXCELLENT CARE TO THE COMMUNITIES IT SERVES. IT CONTINUES TO EXPAND AND CREATE ACCESS TO A LARGE NUMBER OF MEDICAL, SURGICAL AND SUPPORT SERVICES. ITS AWARD-WINNING HOME HEALTH CARE SERVES A LARGE GEOGRAPHIC REGION. PENN HIGHLANDS CLEARFIELD CONSISTS OF AN ACTIVE EMERGENCY DEPARTMENT, MEDICAL-SURGICAL UNITS, BEHAVIORAL HEALTH SERVICES, CARDIAC DIAGNOSTIC SERVICES, REHABILITATION SERVICES, CARDIAC REHAB, CHEMOTHERAPY, IMAGING SERVICES, LABORATORY SERVICES, NUTRITION COUNSELING, PULMONARY REHABILITATION, SURGICAL SERVICES, WOUND CARE AND A SWING-BED PROGRAM.

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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 (2020)

Revenue Breakdown

Contributions & Grants $3,962,385

Program Service Revenue $43,902,444

Investment Income $123,665

Other Revenue $1,189,632

TOTAL REVENUE $49,178,126

Expense Breakdown

Grants Paid $0

Salaries & Benefits $18,879,518

Fundraising Expenses $0

Program Expenses $40,797,616

Other Expenses $24,439,678

TOTAL EXPENSES $43,319,196

Year-over-Year Comparison

	2020	2019	Change
Revenue	$49,178,126	$41,767,848	+0.2%
Expenses	$43,319,196	$41,641,075	+0.0%
Net Income	$5,858,930	$126,773	+45.2%

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

396

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

$1,489,056

Total Directors

$2,268,616

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RYAN BISBEY MD	BOARD MEMBER	1.0	Director	$0	$34,301	$569,352
THOMAS CARNEVALE	CHAIRMAN	1.0	Officer Director	$0	$16,986	$465,704
KEVIN TYLER DO	PRESIDENT OF MEDICAL STAFF	1.0	Officer Director	$0	$31,755	$369,533
BRIAN KLINE	CHIEF FINANCIAL OFFICER	2.0	Officer	$0	$7,093	$344,367
ROBERT M EDWARDS JR	BOARD MEMBER	1.0	Director	$0	$27,370	$340,370
RHONDA HALSTEAD	PRESIDENT	40.0	Officer Director	$291,348	$18,104	$309,452
DONALD E CONRAD DO	BOARD MEMBER	1.0	Director	$0	$11,632	$214,205
THOMAS L YEAGER	PHARMACIST	40.0	Highest	$134,163	$24,480	$158,643
MICHEAL T ALLMAN	PHARMACIST	40.0	Highest	$116,298	$18,211	$134,509
KENNETH J SHURER	PHARMACIST	40.0	Highest	$121,019	$7,236	$128,255
RUBY MAINES	HOME HEALTH RN	40.0	Highest	$101,913	$7,236	$109,149
BROCKTON SHAFFER	BOARD MEMBER	1.0	Director	$0	$0	$0
DARLENE ARDARY PHD	BOARD MEMBER	1.0	Director	$0	$0	$0
KATHLEEN GILLESPIE	SECRETARY/TREASURER	1.0	Officer Director	$0	$0	$0
BRIAN WINGARD	VICE CHAIRMAN	1.0	Officer Director	$0	$0	$0
DEREK WALKER	BOARD MEMBER	1.0	Director	$0	$0	$0
DAVID M CURULLA	BOARD MEMBER	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
2021	$49,178,126	$43,319,196	$57,734,677	$5,858,930
2021	No data	No data	No data	No data
2020	$41,767,848	$41,641,075	$54,721,848	$126,773
2019	$42,690,880	$43,791,006	$47,467,619	$-1,100,126
2018	$43,049,849	$47,740,884	$47,515,726	$-4,691,035