LATROBE, PA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)LATROBE AREA HOSPITAL CHARITABLE FOUNDATION, founded in 1994, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2022. Revenue fell 53% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $383K, a strong 22% operating margin.
TO FUNDRAISE ON BEHALF OF LATROBE AREA HOSPITAL AND SUPPORT THEIR MISSION "TO IMPROVE THE HEALTH AND WELL BEING OF EVERY LIFE WE TOUCH"
FOR MORE THAN 25 YEARS THE LATROBE AREA HOSPITAL CHARITABLE FOUNDATION HAS SUPPORTED THE ESSENTIAL LIFE-SAVING WORK AT LATROBE HOSPITAL. AS PART OF ITS ONGOING COMMITMENT TO THE COMMUNITIES THAT...
FOR MORE THAN 25 YEARS THE LATROBE AREA HOSPITAL CHARITABLE FOUNDATION HAS SUPPORTED THE ESSENTIAL LIFE-SAVING WORK AT LATROBE HOSPITAL. AS PART OF ITS ONGOING COMMITMENT TO THE COMMUNITIES THAT LATROBE HOSPITAL SERVES, THE CHARITABLE FOUNDATION PROVIDES IMPORTANT AND IMPACTFUL FINANCIAL SUPPORT BY FUNDING NEW AND VITAL MEDICAL EQUIPMENT, MUCH NEEDED HOSPITAL RENOVATIONS, AS WELL AS UP-TO-DATE PROFESSIONAL AND PATIENT EDUCATION.THE MISSION OF THE LATROBE AREA HOSPITAL CHARITABLE FOUNDATION, THROUGH FUNDRAISING AND THE THOUGHTFUL DISTRIBUTION OF THOSE FUNDS, IS TO SUPPORT INDEPENDENCE HEALTH (FORMERLY EXCELA HEALTH) LATROBE HOSPITAL AS THEY CONTINUE TO DELIVER OUTSTANDING COMMUNITY-BASED HEALTH CARE. BY FUNDING ONGOING CAPITAL IMPROVEMENTS, VITAL HEALTH CARE PROGRAMS, AND THOSE THAT SUPPORT THE HEALTH OF OUR COMMUNITY, THE LATROBE AREA HOSPITAL CHARITABLE FOUNDATION IS A CRITICAL HEALTH CARE PARTNER IN OUR COMMUNITY.OUR PRIORITIES COMMUNITY HEALTH AND WELLNESS EDUCATION PATIENT CARE ENHANCEMENTS QUALITY AND PATIENT SAFETY INITIATIVES PROFESSIONAL DEVELOPMENT STUDENT SCHOLARSHIPS THE LATROBE FAMILY MEDICINE RESIDENCY PROGRAMA MAJOR HIGHLIGHT FROM FY2023 WAS THE ADDITION OF THE SIEMENS CONE BEAM 3D CT SCANNER TO AID IN THE DIAGNOSIS AND TREATMENT OF LUNG CANCER. THORACIC SURGEONS MICHAEL SZWERC, MD, FACS, AND BRIAN LACE, MD, ARE THE FIRST IN SOUTHWESTERN PENNSYLVANIA TO USE THIS NEW TECHNOLOGY IN THEIR PRACTICE AT THE SURGICAL INSTITUTE AT LATROBE HOSPITAL. THE TECHNOLOGY ADDS REAL TIME IMAGE FEEDBACK FOR PRECISE VISUALIZATION OF NODULES IN THE LUNGS. PURCHASE OF THE DEVICE WAS MADE POSSIBLE BY A $500,000 GRANT FROM THE ALLEGHENY FOUNDATION WITH ASSISTANCE FROM THE LATROBE AREA HOSPITAL CHARITABLE FOUNDATION. THE CONE BEAM CT SCANNING ALSO CAN BE UTILIZED BY ORTHOPEDIC AND NEUROSURGEONS FOR ORTHOPEDIC TRAUMA AND SPINE PROCEDURES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $1,760,847 | $3,721,921 | -0.5% |
| Expenses | $1,378,281 | $2,340,167 | -0.4% |
| Net Income | $382,566 | $1,381,754 | -0.7% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| BARBARA K WANG MD | CHAIRMAN | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| DAVID S DEROSE ESQ | VICE-CHAIRMAN | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| DOUGLAS A CLARK | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOSEPH A SCARPO | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| THOMAS P GESSNER MD | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| WYLIE L OVERLY MD | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| SAM REIMAN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| PHYLLIS RUFFNER | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| DOUGLAS L SISSON | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| WILLIAM D STAVISKY EDD | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| REV PAUL R TAYLOR OSB | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| RUTH R TOLBERT | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JOHN M SPHON | CEO OF EXCELA HEALTH | 1.00 |
Officer
|
$0 | $37,379 | $746,574 |
| THOMAS S ALBANESI JR CPA | CFO/ASSISTANT TREASURER | 1.00 |
Officer
|
$0 | $31,250 | $429,339 |
| KEN DEFURIO | PRESIDENT & CEO | 1.00 |
Officer
|
$0 | $284,894 | $1,300,600 |
| ALBERT J NOVAK JR | VP,CHIEF PHILANTHROPY(UNTIL 09/22) | 20.00 |
Key Emp
|
$0 | $21,274 | $207,091 |
| 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 | $1,760,847 | $1,378,281 | $16,751,541 | $382,566 |
| 2022 | $3,721,921 | $2,340,167 | $15,316,623 | $1,381,754 |
| 2021 | $2,100,527 | $1,205,942 | $17,865,024 | $894,585 |
| 2020 | $1,364,328 | $2,006,015 | $14,911,343 | $-641,687 |
| 2019 | $1,890,533 | $1,433,417 | $16,073,947 | $457,116 |
| 2018 | $3,046,838 | $7,629,664 | $16,432,834 | $-4,582,826 |
Compare LATROBE AREA HOSPITAL CHARITABLE FOUNDATION with other nonprofits in Pennsylvania and across the country.