WOOSTER COMMUNITY HOSPITAL FOUNDATION (EIN 341785051) - 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

1994

Legal Domicile

Principal Officer

WILLIAM SHERON

Phone

3302638148

Tax Period

2023-01-01 to 2023-12-31

WOOSTER COMMUNITY HOSPITAL FOUNDATION, founded in 1994, is a mid-sized nonprofit in the Health Care sector that reported $39.2M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $37.3M left a modest 5% surplus.

Mission

TO PROVIDE PROGRAMS AND SERVICES IN SUPPORT OF THE OPERATIONS OF WOOSTER COMMUNITY HOSPITAL IN A MANNER THAT PROMOTES THE PUBLIC PURPOSES OF IMPROVING THE DELIVERY OF HEALTHCARE AND WELLNESS SERVICES TO ALL PEOPLE WITHIN THE CITY OF WOOSTER AND SURROUNDING 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 $19,690,117

Program Service Revenue $18,915,261

Investment Income $378,107

Other Revenue $211,332

TOTAL REVENUE $39,194,817

Expense Breakdown

Grants Paid $57,829

Salaries & Benefits $27,675,186

Fundraising Expenses $0

Program Expenses $36,143,822

Other Expenses $9,575,050

TOTAL EXPENSES $37,308,065

Year-over-Year Comparison

	2023	2022	Change
Revenue	$39,194,817	$33,329,366	+0.2%
Expenses	$37,308,065	$34,612,157	+0.1%
Net Income	$1,886,752	$-1,282,791	-2.5%

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

238

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

$1,328,764

Total Directors

Key Employees

$1,163,850

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JERRY PACKARD	PRESIDENT	1.00	Officer Director	$0	$0	$0
THOMAS CAPEK	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JOAN KIPER	CHAIR	1.00	Director	$0	$0	$0
JOHN COOK	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
DAN WAKEFIELD	TRUSTEE	1.00	Director	$0	$0	$0
DON NOBLE	TRUSTEE	1.00	Director	$0	$0	$0
ROBIN CARLTON	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM SHERON	CEO	40.00	Officer	$0	$182,306	$779,963
SCOTT BOYES	CFO/COO	40.00	Officer	$0	$87,569	$548,801
CYRIL OFORI	ASSOCIATE	40.00	Key Emp	$1,115,530	$48,320	$1,163,850
RAHSAAN FRIEND	ASSOCIATE	40.00	Highest	$1,221,829	$49,409	$1,271,238
ARSHAD REHAN	ASSOCIATE	40.00	Highest	$768,291	$52,211	$820,502
MARCUS NEWTON	ASSOCIATE	40.00	Highest	$717,755	$14,612	$732,367
SHARON MARCANTHONY	ASSOCIATE	40.00	Highest	$674,427	$25,641	$700,068
ERIC TURNEY	ASSOCIATE	40.00	Highest	$642,916	$53,123	$696,039

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	$39,194,817	$37,308,065	$12,031,400	$1,886,752
2022	$33,329,366	$34,612,157	$10,283,912	$-1,282,791
2021	$32,668,692	$31,715,597	$9,599,227	$953,095
2020	$29,064,397	$27,989,421	$10,011,786	$1,074,976
2019	$28,215,641	$26,584,087	$8,832,861	$1,631,554
2018	$26,381,210	$25,021,305	$6,618,593	$1,359,905

WOOSTER COMMUNITY HOSPITAL FOUNDATION