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 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

TO FUNDRAISE ON BEHALF OF LATROBE AREA HOSPITAL AND SUPPORT THEIR MISSION "TO IMPROVE THE HEALTH AND WELL BEING OF EVERY LIFE WE TOUCH"

Program Service Accomplishments

Program 1
Expenses: $1,378,281 Revenue: $12,575

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...

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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.

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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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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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