LATROBE AREA HOSPITAL CHARITABLE FOUNDATION

EIN: 251750654 501(c)(3)

LATROBE, PA

Total Revenue
$1,760,847
Total Expenses
$1,378,281
Total Assets
$16,751,541
Net Assets
$16,722,066
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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
1994
Legal Domicile
PA
Principal Officer
JOHN SPHON
Phone
7246891646
Tax Period
2022-07-01 to 2023-06-30

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.

Mission

FUNDRAISING FOR LATROBE AREA HOSPITAL

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $917,372
Program Service Revenue $0
Investment Income $845,598
Other Revenue $-2,123
TOTAL REVENUE $1,760,847

Expense Breakdown

Grants Paid $1,246,332
Salaries & Benefits $120,800
Fundraising Expenses $0
Program Expenses $1,378,281
Other Expenses $11,149
TOTAL EXPENSES $1,378,281

Year-over-Year Comparison

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%
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

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Governance

Voting Members
12
Independent Members
12
Employees
N/A
Volunteers
20

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
7
$2,476,513
Total Directors
12
$0
Key Employees
1
$207,091
Highest Compensated
0
reported
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
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 $1,760,847 $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
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