PASSAVANT HOSPITAL FOUNDATION (EIN 251407815) - 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

1981

Legal Domicile

Principal Officer

ANTHONY R SAVANNAH

Phone

4127486640

Tax Period

2023-01-01 to 2023-12-31

PASSAVANT HOSPITAL FOUNDATION, founded in 1981, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $3.7M in total revenue in fiscal year 2023. Revenue surged 83% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.2M, a strong 60% operating margin.

Mission

SUPPORT UPMC PASSAVANT, ADVANCING HEALTH/WELLNESS THROUGH EDUCATION, OUTREACH, AND GRANTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $737,144

Program Service Revenue $138,887

Investment Income $2,947,008

Other Revenue $-85,116

TOTAL REVENUE $3,737,923

Expense Breakdown

Grants Paid $395,754

Salaries & Benefits $284,953

Fundraising Expenses $372,830

Program Expenses $726,776

Other Expenses $829,539

TOTAL EXPENSES $1,510,246

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,737,923	$2,047,364	+0.8%
Expenses	$1,510,246	$1,098,481	+0.4%
Net Income	$2,227,677	$948,883	+1.3%

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

170

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

$155,038

Total Directors

$155,038

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL R SULLIVAN MD	CHAIRMAN	3.00	Officer Director	$0	$0	$0
RICHARD S HAMILTON	VICE CHARIMAN	3.00	Officer Director	$0	$0	$0
EDWARD A DILLS	TREASURER	3.00	Officer Director	$0	$0	$0
DEBRA A DINNOCENZO	SECRETARY	3.00	Officer Director	$0	$0	$0
PATRICIA J KUTCHER	DIRECTOR	1.00	Director	$0	$0	$0
MATT EL-KADI MD	DIRECTOR	1.00	Director	$0	$0	$0
MARILYN J CAIN EDD	DIRECTOR	1.00	Director	$0	$0	$0
JULIE CAMPBELL	DIRECTOR	1.00	Director	$0	$0	$0
KAREN SCHOGEL MD	DIRECTOR	1.00	Director	$0	$0	$0
JAMES BOYLE MD	DIRECTOR	1.00	Director	$0	$0	$0
EDWARD W MORRISSEY	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY R SAVANNAH	PRESIDENT	40.00	Officer Director	$119,429	$35,609	$155,038
JOANN KIM MD	DIRECTOR	1.00	Director	$0	$0	$0
WENDE W GONCZ DO	DIRECTOR	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
2024	No data	No data	No data	No data
2023	$3,737,923	$1,510,246	$51,865,606	$2,227,677
2022	$2,047,364	$1,098,481	$47,498,642	$948,883
2021	$5,249,843	$4,067,310	$52,435,888	$1,182,533
2020	$5,484,146	$3,986,050	$48,653,475	$1,498,096
2019	$1,330,462	$7,084,664	$47,530,205	$-5,754,202

PASSAVANT HOSPITAL FOUNDATION