CLARION HOSPITAL (EIN 251010039) - 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

1951

Legal Domicile

Principal Officer

KENNETH P DEFURIO

Phone

8142269500

Tax Period

2024-07-01 to 2025-06-30

CLARION HOSPITAL, founded in 1951, is a mid-sized nonprofit in the Health Care sector that reported $69.6M in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $60.1M left a modest 14% surplus.

Mission

CLARION HOSPITAL, AN AFFILIATE OF INDEPENDENCE HEALTH SYSTEM, WILL BE RECOGNIZED AS THE PREMIER PROVIDER OF HIGH QUALITY, VALUE-DRIVEN AFFORDABLE INTEGRATED CARE IN THE REGION. WE WILL ACHIEVE THIS THROUGH UNWAVERING COMMITMENT TO INDIVIDUAL AND ORGANIZATIONAL EXCELLENCE AND TECHNOLOGICAL INNOVATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $3,659,765

Program Service Revenue $64,858,423

Investment Income $469,801

Other Revenue $616,383

TOTAL REVENUE $69,604,372

Expense Breakdown

Grants Paid $0

Salaries & Benefits $22,758,616

Fundraising Expenses $0

Program Expenses $46,080,404

Other Expenses $37,376,570

TOTAL EXPENSES $60,135,186

Year-over-Year Comparison

	2024	2023	Change
Revenue	$69,604,372	$57,841,700	+0.2%
Expenses	$60,135,186	$55,718,715	+0.1%
Net Income	$9,469,186	$2,122,985	+3.5%

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

412

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

$8,928,210

Total Directors

$4,792,285

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNETH P DEFURIO	PRESIDENT & CEO	10.00	Officer Director	$0	$23,311	$3,637,924
PAUL BACHARACH	CHAIRMAN	1.00	Officer Director	$0	$0	$0
TIMOTHY MORGUS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
PATRICK HAMPSON	SECRETARY (UNTIL 12/17/24)	1.00	Officer Director	$0	$0	$0
JEFFREY CURRY	TREASURER	1.00	Officer Director	$0	$0	$0
JOHN REEFER MD	TRUSTEE	1.00	Director	$0	$0	$0
JAMES ADISEY MD	TRUSTEE/PHYSICIAN	1.00	Director	$0	$32,146	$797,652
ANIE PERARD MD	TRUSTEE(UNTIL 12/31/24)/PHYSICIAN	1.00	Director	$0	$15,460	$356,709
TERESA PETRICK	TRUSTEE	1.00	Director	$0	$0	$0
LARRY RICHERT	SECRETARY	1.00	Officer Director	$0	$0	$0
JOHN SPHON	TRUSTEE	1.00	Director	$0	$0	$0
DEBRA THOMPSON PHD RN	TRUSTEE	1.00	Director	$0	$0	$0
KAREN ALLEN	PRESIDENT CLARION/BUTLER HOSPITAL	20.00	Officer	$0	$25,189	$574,055
THOMAS S ALBANESI JR CPA	CHIEF FINANCIAL OFFICER	10.00	Officer	$0	$37,722	$701,572
DAVID ROTTINGHAUS	PHYSICIAN & PROVIDER NETWORK PRESIDENT	10.00	Officer	$0	$25,189	$738,371
MICHAEL FIORINA DO	CHIEF MEDICAL OFFICER	10.00	Officer	$0	$25,326	$454,951
THOMAS GENEVRO	CHIEF HUMAN RESOURCES OFFICER	10.00	Officer	$0	$15,295	$486,115
ROGER LUTZ	CHIEF INFORMATION OFFICER	10.00	Officer	$0	$25,503	$438,353
WILLIAM MADDEN	CHIEF OPERATING OFFICER	10.00	Officer	$0	$7,388	$436,949
PAMELA HEPP ESQ	GENERAL COUNSEL	10.00	Officer	$0	$7,053	$541,412
MATT SCHNUR	PRESIDENT, BUTLER MEMORIAL & CLARION HOSPITALS	20.00	Officer	$0	$10,102	$220,226
CAROL J FOX MD	CHIEF MEDICAL OFFICER	10.00	Officer	$0	$23,135	$698,282
MARY ELLEN SICHAK	CRNA	40.00	Highest	$240,151	$16,794	$256,945
THOMAS MORGO	CRNA	40.00	Highest	$159,085	$15,189	$174,274
LESLIE WALTERS	CHIEF NURSING OFFICER	40.00	Highest	$174,487	$23,730	$198,217
CHRISTIE CONRAD	PHARMACIST	40.00	Highest	$151,792	$23,872	$175,664
NICOLE DEHNER	PHARMACY MANAGER	40.00	Highest	$147,322	$26,493	$173,815
ERIC HUSS	FORMER CHIEF FINANCIAL OFFICER	0.00		$0	$0	$100,800

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	$69,604,372	$60,135,186	$57,482,035	$9,469,186
2024	No data	No data	No data	No data
2023	$58,346,726	$57,563,268	$61,215,961	$783,458
2022	$60,083,804	$53,178,365	$40,140,164	$6,905,439
2021	$54,621,772	$53,003,685	$50,500,187	$1,618,087
2020	$52,813,000	$53,414,890	$41,175,157	$-601,890
2019	$53,160,202	$52,431,915	$27,093,873	$728,287
2018	$52,525,906	$52,080,339	$29,356,999	$445,567

CLARION HOSPITAL