THE HEART GROUP OF LANCASTER GENERAL HEALTH (EIN 300634510) - Form 990 Financial Analysis & Trantor Score

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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

GARY A WELCH

Phone

7175445658

Tax Period

2023-07-01 to 2024-06-30

THE HEART GROUP OF LANCASTER GENERAL HEALTH, founded in 2010, is a mid-sized nonprofit in the Diseases & Disorders sector that reported $18.8M in total revenue in fiscal year 2023. Expenses of $41.4M exceeded revenue, resulting in a 121% operating deficit.

Mission

TO SUPPORT THE CHARITABLE HEALTH MISSION OF LG HEALTH, THE HEART GROUP OF LANCASTER GENERAL HEALTH PROVIDES INTEGRATED CARDIOLOGY CARE TO OUR PATIENTS AND COMMUNITIES.

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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 $0

Program Service Revenue $17,766,777

Investment Income $0

Other Revenue $985,546

TOTAL REVENUE $18,752,323

Expense Breakdown

Grants Paid $0

Salaries & Benefits $35,246,716

Fundraising Expenses $0

Program Expenses $37,900,227

Other Expenses $6,152,670

TOTAL EXPENSES $41,399,386

Year-over-Year Comparison

	2023	2022	Change
Revenue	$18,752,323	$19,549,569	0.0%
Expenses	$41,399,386	$41,495,851	0.0%
Net Income	$-22,647,063	$-21,946,282	+0.0%

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

N/A

Employees

216

Volunteers

N/A

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

$3,822,726

Total Directors

$4,234,576

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Ripchinski	Chairperson	2.0	Officer Director	$0	$198,994	$1,423,058
Rupal Dumasia MD	Physician	55.0	Highest	$942,353	$57,420	$999,773
R Ward Pulliam MD	Former Officer	55.0		$914,505	$70,316	$984,821
Sandeep Bansal MD	Physician	55.0	Highest	$894,366	$68,172	$962,538
Todd A Wood MD	President	55.0	Officer Director	$892,726	$60,047	$952,773
Jeffrey Arkles MD	Physician	55.0	Highest	$889,994	$58,503	$948,497
Matthew Bernabei MD	Physician	55.0	Highest	$897,359	$38,652	$936,011
Ruhal Jhaveri MD	Physician	55.0	Highest	$862,102	$59,911	$922,013
Margaret F Costella Esq	Secretary	2.0	Officer Director	$0	$135,497	$853,155
Douglas Gohn MD	Trustee	55.0	Director	$745,792	$34,317	$780,109
Sean Reynolds	Vice President	2.0	Officer	$0	$58,834	$368,259
Timothy C Zellers	Former Officer	0.0		$0	$51,797	$346,970
Douglas W Rinehart	Former Officer	0.0		$0	$30,075	$299,363
Linda Welker	Treasurer	2.0	Officer Director	$0	$36,837	$225,481
T Raymond Foley	Former Officer	0.0		$0	$0	$116,317

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	$18,752,323	$41,399,386	$3,899,283	$-22,647,063
2023	$19,549,569	$41,495,851	$5,738,427	$-21,946,282
2022	$18,531,705	$39,696,956	$8,568,285	$-21,165,251
2021	$18,701,008	$35,345,782	$8,306,445	$-16,644,774
2020	$16,581,076	$36,313,818	$8,070,969	$-19,732,742
2019	$17,673,141	$35,036,595	$9,804,587	$-17,363,454
2018	$17,029,122	$34,881,737	$7,338,490	$-17,852,615

THE HEART GROUP OF LANCASTER GENERAL HEALTH