MCKEESPORT HOSPITAL FOUNDATION (EIN 251380418) - 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

1976

Legal Domicile

Principal Officer

CARL KOVSKI

Phone

4126642590

Tax Period

2022-07-01 to 2023-06-30

MCKEESPORT HOSPITAL FOUNDATION, founded in 1976, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2022. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $2.0M exceeded revenue, resulting in a 34% operating deficit.

Mission

SUPPORT PRIMARY HEALTH CARE FACILITIES AND SERVICES IN THE LOCAL AREA

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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 (2022)

Revenue Breakdown

Contributions & Grants $135,756

Program Service Revenue $0

Investment Income $1,321,693

Other Revenue $21,676

TOTAL REVENUE $1,479,125

Expense Breakdown

Grants Paid $1,793,970

Salaries & Benefits $0

Fundraising Expenses $13,728

Program Expenses $1,813,420

Other Expenses $187,050

TOTAL EXPENSES $1,981,020

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,479,125	$1,857,259	-0.2%
Expenses	$1,981,020	$632,648	+2.1%
Net Income	$-501,895	$1,224,611	-1.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARL P KOVSKI	PRESIDENT	1.00	Officer Director	$0	$0	$0
IRVING J LATTERMAN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DONALD BECK DPM	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
RICHARD BONDI MD	BOARD MEMBER	1.00	Director	$0	$0	$0
D JAMES HEATHERINGTON	BOARD MEMBER	1.00	Director	$0	$0	$0
ALMA HOFFMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY ANN LATUSEK	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN E MACDONALD	BOARD MEMBER	1.00	Director	$0	$0	$0
REBECCA SHAW MCHOLME	BOARD MEMBER	1.00	Director	$0	$0	$0
MADHUSUDANAN NAIR MD	BOARD MEMBER	1.00	Director	$0	$0	$0
DR RULA SKESAZ	BOARD MEMBER	1.00	Director	$0	$0	$0
REV ARLENE WALKER	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHY BARTILSON	BOARD MEMBER	1.00	Director	$0	$0	$0
MARC CORDERO MD	EX-OFFICIO MEMBER THRU NOV	1.00	Director	$0	$0	$0
DR DAFE OGAGN MD	EX-OFFICIO MEMBER AS OF NOV	1.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,479,125	$1,981,020	$28,855,668	$-501,895
2022	$1,857,259	$632,648	$27,949,512	$1,224,611
2021	$2,905,673	$1,057,938	$32,986,478	$1,847,735
2020	$1,333,831	$1,212,856	$27,041,640	$120,975
2019	$1,549,900	$634,458	$27,483,768	$915,442

MCKEESPORT HOSPITAL FOUNDATION