WESTMORELANDFRICK HOSPITAL FOUNDATION (EIN 251309084) - 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

1977

Legal Domicile

Principal Officer

KENNETH P DEFURIO

Phone

7246891646

Tax Period

2024-07-01 to 2025-06-30

WESTMORELANDFRICK HOSPITAL FOUNDATION, founded in 1977, is a community nonprofit in the Health Care sector that reported $2.1M in total revenue in fiscal year 2024. Revenue surged 78% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.5M, a strong 75% operating margin.

Mission

WESTMORELAND/FRICK HOSPITAL FOUNDATION, 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 $741,514

Program Service Revenue $0

Investment Income $1,388,233

Other Revenue $-61,945

TOTAL REVENUE $2,067,802

Expense Breakdown

Grants Paid $439,059

Salaries & Benefits $4,087

Fundraising Expenses $12,299

Program Expenses $470,314

Other Expenses $82,967

TOTAL EXPENSES $526,113

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,067,802	$1,161,804	+0.8%
Expenses	$526,113	$656,904	-0.2%
Net Income	$1,541,689	$504,900	+2.1%

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

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

$4,339,496

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAY T CHARLEY	CHAIR	1.00	Officer Director	$0	$0	$0
EDWARD MIEDEL	DISTRIBUTION CHAIR	1.00	Officer Director	$0	$0	$0
JOHN KLINE	SECRETARY	1.00	Officer Director	$0	$0	$0
RONALD E EBERHARDT	TREASURER	1.00	Officer Director	$0	$0	$0
CHARLES ANDERSON	TRUSTEE	1.00	Director	$0	$0	$0
KARL EISAMAN	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD HARRER	TRUSTEE	1.00	Director	$0	$0	$0
JACQUELINE HORRALL PHD	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM JENKINS MD	TRUSTEE	1.00	Director	$0	$0	$0
DAVID DELISI	TRUSTEE	1.00	Director	$0	$0	$0
DON SCOTT	TRUSTEE	1.00	Director	$0	$0	$0
JESS STAIRS	TRUSTEE	1.00	Director	$0	$0	$0
DAVID W LYNN	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS S ALBANESI JR CPA	CFO/ASSISTANT TREASURER	1.00	Officer	$0	$37,722	$701,572
KENNETH P DEFURIO	PRESIDENT & CEO	1.00	Officer	$0	$23,311	$3,637,924

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	$2,067,802	$526,113	$15,145,808	$1,541,689
2024	No data	No data	No data	No data
2023	$1,317,050	$579,263	$11,770,282	$737,787
2022	$2,087,327	$762,703	$10,663,651	$1,324,624
2021	$1,042,099	$366,180	$12,123,014	$675,919
2020	$992,002	$492,975	$10,210,293	$499,027
2019	$1,320,415	$252,630	$9,453,528	$1,067,785
2018	$1,116,284	$751,951	$8,904,450	$364,333

WESTMORELANDFRICK HOSPITAL FOUNDATION