GLADE RUN MEDICAL ASSOCIATES INC

EIN: 264750523 501(c)(3) Health Care

KITTANNING, PA

Total Revenue
$6,673,954
Total Expenses
$14,507,753
Total Assets
$1,513,561
Net Assets
$593,643
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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
2009
Legal Domicile
PA
Principal Officer
NICHOLE D GERACI
Phone
7245438618
Tax Period
2022-07-01 to 2023-06-30

GLADE RUN MEDICAL ASSOCIATES INC, founded in 2009, is a community nonprofit in the Health Care sector that reported $6.7M in total revenue in fiscal year 2022. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $14.5M exceeded revenue, resulting in a 117% operating deficit.

Mission

GLADE RUN MEDICAL ASSOCIATES, INC. OPERATES SEVERAL SPECIALTY PHYSICIAN CLINICS.

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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 $0
Program Service Revenue $6,673,954
Investment Income $0
Other Revenue $0
TOTAL REVENUE $6,673,954

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,233,521
Fundraising Expenses $0
Program Expenses $10,481,298
Other Expenses $9,274,232
TOTAL EXPENSES $14,507,753

Year-over-Year Comparison

2022 2021 Change
Revenue $6,673,954 $8,832,151 -0.2%
Expenses $14,507,753 $15,308,634 -0.1%
Net Income $-7,833,799 $-6,476,483 +0.2%
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
2
Independent Members
1
Employees
88
Volunteers
1

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
4
$1,288,635
Total Directors
2
$536,649
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BERT HEPNER PHYSICIAN 39.0
Highest
$776,820 $41,549 $818,369
JATINDER KUMAR PHYSICIAN 39.0
Highest
$583,313 $27,200 $610,513
CURT CONRY PHYSICIAN 39.0
Highest
$525,994 $13,862 $539,856
JOHN I LEWIS PRESIDENT / CEO 1.0
Officer Director
$0 $60,947 $536,649
NATHAN FORMAINI PHYSICIAN 39.0
Highest
$511,375 $17,295 $528,670
MUHAMMAD UMAR ALAM PHYSICIAN 39.0
Highest
$402,083 $27,200 $429,283
JAMES BACKSTROM CHIEF MEDICAL OFFICER 1.0
Officer
$0 $55,514 $427,348
MATTHEW KOCIOLA CHIEF FINANCIAL OFFICER 1.0
Officer
$0 $58,717 $324,638
VOLKER ZAUN SECRETARY / TREASURER 1.0
Officer 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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $6,673,954 $14,507,753 $1,513,561 $-7,833,799
2022 $8,832,151 $15,308,634 $1,414,389 $-6,476,483
2021 $7,849,453 $13,261,995 $1,248,721 $-5,412,542
2020 $7,978,684 $12,287,565 $1,611,141 $-4,308,881
2019 $8,452,835 $12,216,890 $1,281,441 $-3,764,055
2018 $8,555,285 $11,720,439 $1,505,539 $-3,165,154
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