PARMA HOSPITAL HEALTH CARE FOUNDAT… - 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

1987

Legal Domicile

Principal Officer

ALDO FILIPPELLI

Phone

4407434280

Tax Period

2023-01-01 to 2023-12-31

PARMA HOSPITAL HEALTH CARE FOUNDATION, founded in 1987, is a community nonprofit in the Health Care sector that reported $1.7M in total revenue in fiscal year 2023. The organization ran a surplus of $1.2M, a strong 70% operating margin.

Mission

SUPPORT AND ASSIST UNIVERSITY HOSPITALS PARMA COMMUNITY GENERAL HOSPITAL IN ITS EFFORTS TO SERVE THE NEEDS OF CUYAHOGA COUNTY RESIDENTS AND ITS SURROUNDING COMMUNITIES BY PROVIDING FUNDING FOR ENHANCED OR ADDITIONAL PROGRAMS THAT OTHERWISE MIGHT NOT BE AVAILABLE.

Program Service Accomplishments

Program 1

Expenses: $507,283

THE FOUNDATION GRANTS ASSISTANCE TO UNIVERSITY HOSPITALS PARMA COMMUNITY GENERAL HOSPITAL TO FURTHER ENHANCE THE HOSPITAL'S MISSION AND COMMUNITY BENEFIT.

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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 $1,280,172

Program Service Revenue $0

Investment Income $436,096

Other Revenue $0

TOTAL REVENUE $1,716,268

Expense Breakdown

Grants Paid $386,947

Salaries & Benefits $118,557

Fundraising Expenses $0

Program Expenses $507,283

Other Expenses $11,353

TOTAL EXPENSES $516,857

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,716,268	$1,655,800	+0.0%
Expenses	$516,857	$537,943	0.0%
Net Income	$1,199,411	$1,117,857	+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

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

$513,734

Total Directors

$3,081,307

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAAD DANY MD	DIRECTOR (BEGIN 05/23)	2.00	Director	$0	$47,747	$829,721
BOND BRADLEY C	DIRECTOR (EX-OFFICIO)	2.00	Director	$0	$62,070	$687,037
ANDREFSKY JOHN MD	DIRECTOR	2.00	Director	$0	$50,745	$584,223
HILL JAMES MD	DIRECTOR/PRESIDENT (EX-OFFICIO)	2.00	Officer Director	$0	$51,369	$513,734
UNGVARSKY RICHARD MD	DIRECTOR	2.00	Director	$0	$37,010	$466,592
BASISTA TOM	DIRECTOR/VICE CHAIR (END 04/23)	2.00	Officer Director	$0	$0	$0
DINKLOCKER CHRISTINA ED D	DIRECTOR/SECRETARY/VICE CHAIR	2.00	Officer Director	$0	$0	$0
EMRHEIN WILLIAM	DIRECTOR/CHAIR	2.00	Officer Director	$0	$0	$0
FILIPPELLI ALDO	DIRECTOR/TREASURER	2.00	Officer Director	$0	$0	$0
AXELROD BARRY	DIRECTOR	2.00	Director	$0	$0	$0
BARKOUKIS MICHAEL T MD	DIRECTOR (END 04/23)	2.00	Director	$0	$0	$0
BOYKO TIMOTHY A	DIRECTOR	2.00	Director	$0	$0	$0
CARR ALEX	DIRECTOR	2.00	Director	$0	$0	$0
COSTANZO SARAH	DIRECTOR	2.00	Director	$0	$0	$0
DEPIERO DEAN ESQ	DIRECTOR (END 04/23)	2.00	Director	$0	$0	$0
O'CONNOR KATHI	DIRECTOR	2.00	Director	$0	$0	$0
PIMPAS ANGELO N	DIRECTOR	2.00	Director	$0	$0	$0
SERITTI NINO	DIRECTOR	2.00	Director	$0	$0	$0
SHARVIT ELIAV	DIRECTOR	2.00	Director	$0	$0	$0
WILKINSON SCOTT A	DIRECTOR	2.00	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
2024	No data	No data	No data	No data
2023	$1,716,268	$516,857	$11,330,753	$1,199,411
2022	$1,655,800	$537,943	$9,697,621	$1,117,857
2021	$1,883,593	$549,863	$11,099,631	$1,333,730
2020	$1,733,230	$960,192	$9,958,747	$773,038
2019	$993,095	$2,162,175	$8,660,636	$-1,169,080
2018	$1,634,596	$129,390	$7,654,409	$1,505,206

PARMA HOSPITAL HEALTH CARE FOUNDATION