SCH PROFESSIONAL CORPORATION

EIN: 341764515 501(c)(3) Health Care

Salem, OH

Total Revenue
$11,806,119
Total Expenses
$23,782,286
Total Assets
$4,225,725
Net Assets
$851,070
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
OH
Principal Officer
Dr Anita Hackstedde
Phone
3303327214
Tax Period
2023-07-01 to 2024-06-30

SCH PROFESSIONAL CORPORATION, founded in 1994, is a mid-sized nonprofit in the Health Care sector that reported $11.8M in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $23.8M exceeded revenue, resulting in a 101% operating deficit.

Mission

The SCH Professional Corporation operates 18 outpatient facilities and employs 38 physicians and 11 physician extenders, for the benefit of patients in Salem Regional Medical Center's defined Service Area, with outreach offices located in the communities of Columbiana, Damascus, Salem, Canfield and Lisbon. These outreach facilities consist of six family practice and internal medicine offices, one urgent care, two general pediatric practices, a gastroenterology practice, a general surgery practice, a plastic surgery practice, a neurology practice, an oncology practice, a pain management practice, an otolaryngology(ENT), a wound care center and an orthopedic practice.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $11,806,119
Investment Income $0
Other Revenue $0
TOTAL REVENUE $11,806,119

Expense Breakdown

Grants Paid $0
Salaries & Benefits $19,714,894
Fundraising Expenses $0
Program Expenses $21,688,990
Other Expenses $4,067,392
TOTAL EXPENSES $23,782,286

Year-over-Year Comparison

2023 2022 Change
Revenue $11,806,119 $9,846,421 +0.2%
Expenses $23,782,286 $19,812,441 +0.2%
Net Income $-11,976,167 $-9,966,020 +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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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
5
Employees
153
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
2
$732,619
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dr Peter Apicella Physician 40
Highest
$1,255,436 $18,393 $1,273,829
Dr Dominic Peters Physician 40
Highest
$1,056,560 $29,492 $1,086,052
Dr Igor Genkin Physician 40
Highest
$712,879 $29,657 $742,536
Dr David M Prior Physician 40
Highest
$607,132 $22,449 $629,581
Dr Anita Hackstedde MD Director/CEO 6
Officer
$0 $31,641 $512,748
Dr Ranga S Brahmamdam Physician 40
Highest
$487,369 $17,169 $504,538
Kimberly Jenkins Secretary/Treasurer 2
Officer
$0 $29,180 $219,871
Michael Giangardella Former Secretary/Treasurer 0.00
$0 $15,018 $140,527
Jeff Zimmerman Chair 1
Director
$0 $0 $0
Denise Harlan Director 1
Director
$0 $0 $0
Todd Olson Director 1
Director
$0 $0 $0
Nelson Witmer Director 1
Director
$0 $0 $0
Gina Richardson Director 1.00
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
2025 No data No data No data No data
2024 $11,806,119 $23,782,286 $4,225,725 $-11,976,167
2023 $9,846,421 $19,812,441 $4,110,502 $-9,966,020
2022 $9,123,275 $17,723,201 $1,244,668 $-8,599,926
2021 $8,909,689 $16,512,973 $1,689,607 $-7,603,284
2020 $9,804,982 $15,312,508 $1,279,974 $-5,507,526
2019 $9,174,724 $14,361,404 $1,150,541 $-5,186,680
2018 $9,062,509 $14,138,037 $1,382,903 $-5,075,528
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