ELLWOOD CITY COMMUNITY HEALTH FOUN… - Form 990 Financial Data

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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

E WILLIAM MATTHEWS

Phone

4125590159

Tax Period

2019-07-01 to 2020-06-30

ELLWOOD CITY COMMUNITY HEALTH FOUNDATION, founded in 2010, is a small nonprofit in the Mental Health sector that reported $239K in total revenue in fiscal year 2019. Revenue fell 91% from the prior year — a significant decline worth monitoring. Expenses of $268K exceeded revenue, resulting in a 12% operating deficit.

Mission

THE ELLWOOD CITY HOSPITAL FOUNDATION (FOUNDATION) WAS ORGANIZED IN 2010 AS A NONPROFIT TO OPERATE EXCLUSIVELY FOR THE SUPPORT AND BENEFIT OF THE ELLWOOD CITY HOSPITAL. AS A RESULT OF THE SALE OF THE ELLWOOD CITY HOSPITAL ON OCTOBER 31, 2017, THE FOUNDATION CHANGED ITS NAME TO THE ELLWOOD CITY COMMUNITY HEALTH FOUNDATION AND AMENDED ITS ARTICLES OF INCORPORATION AND BY-LAWS. THE FOUNDATION'S NEW PURPOSE IS TO IMPROVE, FOSTER, PROMOTE, AND ENHANCE THE QUALITY OF LIFE AND HEALTH FOR THE GENERAL PUBLIC OF ELLWOOD CITY, PENNSYLVANIA, AS WELL AS THE SURROUNDING GEOGRAPHIC AREAS BY PROVIDING GRANTS, GIFTS, AND OTHER DISTRIBUTIONS FOR CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES.

Program Service Accomplishments

Program 1

Expenses: $22,500

THE PROGRAM EXPENSES ARE RELATED TO THE INVESTMENT OF FUNDS. THE LAWRENCE COUNTY ORPHANS COURT DID NOT APPROVE THE PROPOSED CHANGES TO THE FOUNDATION'S ARTICLES OF INCORPORATION AND BY-LAWS. THE...

THE PROGRAM EXPENSES ARE RELATED TO THE INVESTMENT OF FUNDS. THE LAWRENCE COUNTY ORPHANS COURT DID NOT APPROVE THE PROPOSED CHANGES TO THE FOUNDATION'S ARTICLES OF INCORPORATION AND BY-LAWS. THE FOUNDATION APPEALED THE DECISION OF THE ORPHANS COURT TO THE COMMONWEALTH COURT OF PENNSYLVANIA. THE FOUNDATION CANNOT RELEASE ANY FUNDS UNTIL A RULING IS MADE BY THE COMMONWEALTH COURT OF PENNSYLVANIA.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $239,282

Other Revenue $27

TOTAL REVENUE $239,309

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $22,500

Other Expenses $268,479

TOTAL EXPENSES $268,479

Year-over-Year Comparison

	2019	2018	Change
Revenue	$239,309	$2,519,259	-0.9%
Expenses	$268,479	$165,850	+0.6%
Net Income	$-29,170	$2,353,409	-1.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK TOMASZEWSKI	PRESIDENT	1.00	Officer Director	$0	$0	$0
DR RAVI ALAGAR	SECRETARY	0.50	Officer Director	$0	$0	$0
ARTHUR SMILEK	TREASURER	0.50	Officer Director	$0	$0	$0
E WILLIAM MATTHEWS	EXECUTIVE DIRECTOR	6.00	Officer	$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
2020	$239,309	$268,479	$9,497,054	$-29,170
2019	$2,519,259	$165,850	$9,462,239	$2,353,409

ELLWOOD CITY COMMUNITY HEALTH FOUNDATION