MCKEESPORT HOSPITAL FOUNDATION

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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

THE FOUNDATION IS A NON-PROFIT, COMMUNITY-BASED, PENNSYLVANIA CORPORATION THAT BUILDS AN ENDOWMENT TO BENEFIT AND PROVIDE FUNDING SUPPORT FOR HEALTH-RELATED CHARITABLE ENTITIES LOCATED IN THE COMMUNITIES SERVED BY UPMC MCKEESPORT. THIS FUNDING SUPPORT IS DERIVED FROM SPECIAL EVENTS, GRANTS, AND DONATIONS. THESE CONTRIBUTIONS WILL HELP ENSURE THE CONTINUED AVAILABILITY AND DELIVERY OF HEALTHCARE SERVICES FOR SUCH COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $1,813,420

THE FOUNDATION IS SUPPORTIVE OF UPMC MCKEESPORT ADVANCEMENTS IN HEALTH CARE TECHNOLOGY. IN ADDITION, THE FOUNDATION IS A LEADER IN COMMUNITY HEALTH INITIATIVE PROGRAMS INCLUDING THE AWARD WINNING...

THE FOUNDATION IS SUPPORTIVE OF UPMC MCKEESPORT ADVANCEMENTS IN HEALTH CARE TECHNOLOGY. IN ADDITION, THE FOUNDATION IS A LEADER IN COMMUNITY HEALTH INITIATIVE PROGRAMS INCLUDING THE AWARD WINNING STATE HEALTH IMPROVEMENT PLAN COMMUNITY PARTNERSHIPS. THESE COMMUNITY PARTNERSHIPS PROVIDE PROGRAMS AND SERVICES WITH DEFINED GOALS AND OBJECTIVES FOR 33,000 RESIDENTS IN BRADDOCK, CLAIRTON, DUQUESNE AND MCKEESPORT. IN ADDITION, THE FOUNDATION HAS SUPPORTED THE MEDICATION NEEDS OF THOSE SEEKING MEDICAL CARE AND WHO HAVE NO MEDICATION COVERAGE AND THROUGH A CLOSE WORKING RELATIONSHIP WITH THE HOSPITAL PHARMACY AND SOCIAL WORK DEPARTMENTS, SERVING DOZENS OF PEOPLE EACH MONTH THROUGH THREE PROGRAMS. FURTHERMORE, THE FOUNDATION WORKS CLOSELY WITH LOCAL AGENCIES PROVIDING SUPPORT IN COORDINATING THEIR ACTIVITIES AND ANNUAL FUNDRAISERS.

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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