HAMOTCOLE VENTURES INC

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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

2010

Legal Domicile

Principal Officer

JANIE HILFIGER

Phone

8142749300

Tax Period

2021-07-01 to 2022-06-30

HAMOTCOLE VENTURES INC, founded in 2010, is a small nonprofit in the Health Care sector that reported $592K in total revenue in fiscal year 2021. Net assets of $6.1M represent 123 months of operating reserves.

Mission

SERVICE-ORIENTED AND FOCUSED ON THE COMMUNITY BY EXPANDING AND ENHANCING HEALTH CARE SERVICES AND IMPROVING ACCESS TO A BROADER CONTINUUM OF CARE THROUGH THE EXPANSION AND RENOVATION OF HEALTH CENTERS.

Program Service Accomplishments

Program 1

Expenses: $452,416 Revenue: $410,500

HAMOTCOLE'S PORT ALLEGHANY FACILITY CONTINUES TO HOUSE A VERY ROBUST PRIMARY CARE PRACTICE INCLUDING PEDIATRICS, CARDIOLOGY, PODIATRY, OB/GYN, TELEMEDICINE, LABORATORY, IMAGING, REHABILITATION AND...

HAMOTCOLE'S PORT ALLEGHANY FACILITY CONTINUES TO HOUSE A VERY ROBUST PRIMARY CARE PRACTICE INCLUDING PEDIATRICS, CARDIOLOGY, PODIATRY, OB/GYN, TELEMEDICINE, LABORATORY, IMAGING, REHABILITATION AND WELLNESS AND MENTAL HEALTH SERVICES. THIS FACILITY IS A VALUED ASSET TO THIS REMOTE RURAL COMMUNITY.

Program 2

Expenses: $146,674 Revenue: $181,000

HAMOTCOLE EXPANDED ITS PRESENCE IN THE REGION BY CONSTRUCTING A 7,650 SQUARE FOOT HEALTH CARE CLINIC IN SHINGLEHOUSE, PENNSYLVANIA, WHICH INCLUDES PRIMARY CARE OFFICES, IMAGING, LABORATORY AND...

HAMOTCOLE EXPANDED ITS PRESENCE IN THE REGION BY CONSTRUCTING A 7,650 SQUARE FOOT HEALTH CARE CLINIC IN SHINGLEHOUSE, PENNSYLVANIA, WHICH INCLUDES PRIMARY CARE OFFICES, IMAGING, LABORATORY AND REHABILITATION SERVICES. THIS FACILITY IS SEEING IN EXCESS OF 12,000 PATIENTS ANNUALLY, AND REPLACED A WORN, SMALL AND OUTDATED FACILITY THAT BEGAN BEING UTILIZED IN 1979. WITH THE OPENING OF THIS NEW CLINIC, SPACE WILL ALSO BE PROVIDED FOR TRAVELING SPECIALISTS, TELEMEDICINE AND MENTAL HEALTH SERVICES. THIS NEW CLINIC WILL SERVE PATIENTS FROM BOTH MCKEAN AND POTTER COUNTIES AS WELL AS CERTAIN AREAS OF NY STATE.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $591,500

Investment Income $0

Other Revenue $0

TOTAL REVENUE $591,500

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $599,090

Other Expenses $599,090

TOTAL EXPENSES $599,090

Year-over-Year Comparison

	2021	2020	Change
Revenue	$591,500	$591,500	N/A
Expenses	$599,090	$604,587	0.0%
Net Income	$-7,590	$-13,087	-0.4%

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

N/A

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

$848,003

Total Directors

$2,971,744

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN P JOHNSON	DIRECTOR	1.0	Director	$0	$132,926	$1,201,693
DAVID J LOPATOFSKY MD	DIRECTOR	1.0	Director	$0	$124,256	$843,076
MARIBETH MCLAUGHLIN	DIRECTOR	1.0	Director	$0	$56,100	$502,664
JANIE HILFIGER	PRESIDENT/CEO	1.0	Officer	$0	$34,303	$317,105
PATRICIA JACKSON-GEHRIS	PRES UPMC NCPA BEG 06/22	1.0	Officer	$0	$26,386	$293,518
EDWARD C PITCHFORD	PRESIDENT/CEO	0.0		$0	$0	$292,699
RON RAPP	CHIEF FINANCIAL OFFICER	1.0	Officer	$0	$48,916	$237,380
MARY ANN RIGAS MD	DIRECTOR	1.0	Director	$0	$39,713	$218,952
CARRIE ENNIS	DIRECTOR	1.0	Director	$0	$27,582	$205,359
ALANNA HUCK	SECRETARY/VICE CHAIR BEG 12/21	1.0	Officer Director	$0	$0	$0
CHARLES UPDEGRAFF	CHAIR/DIRECTOR END 09/21	1.0	Director	$0	$0	$0
ELIZABETH WALLACE	DIRECTOR	1.0	Director	$0	$0	$0
JOHN LEETE	TREASURER/CHAIR BEG 12/21	1.0	Officer Director	$0	$0	$0
MELYNDA BUDD	DIRECTOR/TREASURER BEG 12/21	1.0	Officer Director	$0	$0	$0
MICHAEL CALLAHAN DO	DIRECTOR	1.0	Director	$0	$0	$0
PATRICK LARSEN	DIRECTOR	1.0	Director	$0	$0	$0
JOSHUA COSTA	DIRECTOR BEG 03/22	1.0	Director	$0	$0	$0
MATTHEW SPLAIN	DIRECTOR BEG 03/22	1.0	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
2022	$591,500	$599,090	$6,064,709	$-7,590
2021	$591,500	$604,587	$6,072,299	$-13,087
2020	$517,155	$491,731	$6,159,958	$25,424
2019	$444,508	$450,642	$4,991,963	$-6,134
2018	$542,085	$541,739	$5,317,158	$346