CENTER FOR HEALTHCARE SOLUTIONS

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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

1933

Legal Domicile

Principal Officer

NICK VIZZOCA

Phone

7247766400

Tax Period

2023-10-01 to 2024-09-30

CENTER FOR HEALTHCARE SOLUTIONS, founded in 1933, is a community nonprofit in the Health Care sector that reported $1.8M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $2.4M exceeded revenue, resulting in a 35% operating deficit.

Mission

TO ENHANCE THE CAPABILITIES OF HEALTHCARE PROVIDERS AND TO IMPROVE THE HEALTH OF WESTERN PENNSYLVANIAN COMMUNITIES THROUGH A CONTINUUM OF CARE.

Program Service Accomplishments

Program 1

Expenses: $2,029,986 Revenue: $1,494,665

SERVICES PROVIDED TO MEMBERS: THE CENTER FOR HEALTHCARE SOLUTIONS PROVIDES ITS MEMBERS WITH EXPERTISE IN HOSPITAL OPERATIONS, MANAGEMENT, FINANCE, GOVERNMENT RELATIONS, GRANT FUNDING, CLINICAL...

SERVICES PROVIDED TO MEMBERS: THE CENTER FOR HEALTHCARE SOLUTIONS PROVIDES ITS MEMBERS WITH EXPERTISE IN HOSPITAL OPERATIONS, MANAGEMENT, FINANCE, GOVERNMENT RELATIONS, GRANT FUNDING, CLINICAL OPERATIONS, BUSINESS DEVELOPMENT, REIMBURSEMENT, AND GOVERNANCE AMONG OTHER ITEMS. THE CENTER FOR HEALTHCARE SOLUTIONS IS A STRATEGIC PARTNER WITH WESTERN PENNSYLVANIA HEALTHCARE PROVIDERS AND AFFILIATED ORGANIZATIONS, ENABLING THEM TO REALIZE THEIR MISSIONS WHILE MAINTAINING THEIR STATUS AS ECONOMICALLY VIABLE ENTITIES.

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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 $255,879

Program Service Revenue $1,134,099

Investment Income $1,804

Other Revenue $360,566

TOTAL REVENUE $1,752,348

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,518,207

Fundraising Expenses $13,555

Program Expenses $2,029,986

Other Expenses $842,929

TOTAL EXPENSES $2,361,136

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,752,348	$1,880,841	-0.1%
Expenses	$2,361,136	$2,535,502	-0.1%
Net Income	$-608,788	$-654,661	-0.1%

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

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

$809,116

Total Directors

$493,514

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS A GENEVRO	CHAIRMAN	1.00	Officer Director	$0	$0	$0
BARRY S ZAISER	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
NICK VIZZOCA	PRESIDENT AND CEO, SECRETARY	36.50	Officer Director	$472,040	$21,474	$493,514
KELLY BLAKE	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
PHILIP PANDOLPH	DIRECTOR	1.00	Director	$0	$0	$0
MARY ELLEN GLASGOW	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL MAKOSKY	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW RUSH	DIRECTOR	1.00	Director	$0	$0	$0
BROOK WARD	DIRECTOR	1.00	Director	$0	$0	$0
JOHN DICKSON	DIRECTOR	1.00	Director	$0	$0	$0
CARRIE WILLETTS	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY CHROBAK	CFO	36.50	Officer	$295,293	$20,309	$315,602

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	$1,752,348	$2,361,136	$52,048	$-608,788
2023	$1,880,841	$2,535,502	$1,193,844	$-654,661
2022	$1,740,584	$1,677,078	$1,893,086	$63,506
2021	$1,520,125	$3,487,224	$2,688,236	$-1,967,099
2020	$1,469,497	$1,863,448	$3,928,601	$-393,951
2019	$1,626,750	$1,885,774	$4,187,370	$-259,024
2018	$3,961,494	$1,748,108	$4,307,014	$2,213,386