Fayette Physician Network Inc

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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

2012

Legal Domicile

Principal Officer

Carrie Willetts

Phone

3049743408

Tax Period

2024-01-01 to 2024-12-31

Fayette Physician Network Inc, founded in 2012, is a major nonprofit in the Health Care sector that reported $236.1M in total revenue in fiscal year 2024. Revenue surged 48% from the prior year, signaling strong growth momentum.

Mission

The Fayette Physician Networks vision is to make a healthy difference in the lives we touch. We will fulfill our vision by providing excellent customer service, promoting teamwork, maintaining competency, assuring productivity ensuring compliance, all the while, being mindful of our financial regulatory responsibilities.

Program Service Accomplishments

Program 1

Expenses: $235,375,249 Revenue: $235,463,535

Fayette Physician Network Inc. FPN is a nonprofit corporation formed in July 2012. FPN was formed to own and operate physician practices that serve the patients of Fayette County Pennsylvania and the surrounding area. FPN has at all times since its formation been organized and operated for charitable purposes within the meaning of the Internal Revenue Code Section 501c3. During 2024, FPN operated several clinics, emergency departments, hospitalists groups, and other specialty provider support to various hospitals located throughout PA, WV, MD, and OH.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $235,429,598

Investment Income $651,259

Other Revenue $-21,792

TOTAL REVENUE $236,059,065

Expense Breakdown

Grants Paid $3,350

Salaries & Benefits $154,547,904

Fundraising Expenses $0

Program Expenses $235,375,249

Other Expenses $80,823,995

TOTAL EXPENSES $235,375,249

Year-over-Year Comparison

	2024	2023	Change
Revenue	$236,059,065	$158,991,636	+0.5%
Expenses	$235,375,249	$158,852,790	+0.5%
Net Income	$683,816	$138,846	+3.9%

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

705

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

$225,929

Total Directors

$5,831,490

Key Employees

$433,866

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Albert L Wright Jr	Director - WVUHS President/CEO	001.00	Director	$0	$428,379	$2,726,278
Carl Hasselman MD	Physician - Orthopedics	040.00	Highest	$1,831,827	$52,838	$1,884,665
Ari Pressman MD	Physician - Orthopedics	040.00	Highest	$1,815,973	$50,572	$1,866,545
Manny Molina MD	Physician - Orthopedics	040.00	Highest	$1,226,181	$52,935	$1,279,116
Michael Grace	President/CEO	010.00	Director	$0	$163,525	$1,145,957
Philip Cox DO	Physician - Pulmonary	040.00	Highest	$1,065,362	$46,903	$1,112,265
James Perry	Physician - Pulmonary	040.00	Highest	$1,011,139	$46,903	$1,058,042
Greg Rosencrance MD	Director - President Thomas Hospital	001.00	Director	$0	$108,541	$922,471
Carrie Willets	Director - President Uniontown Hospital	001.00	Director	$0	$138,041	$810,855
Ryan Stansbury	VP Operations - WVUHS	020.00	Key Emp	$177,118	$79,630	$433,866
James Jones	Board Treasurer - Director of Accounting	040.00	Officer Director	$219,865	$6,064	$225,929

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	$236,059,065	$235,375,249	$91,401,225	$683,816
2023	$158,991,636	$158,852,790	$32,000,419	$138,846
2022	$62,914,180	$62,765,925	$17,656,182	$148,255
2021	$30,641,232	$30,599,637	$4,531,688	$41,595
2020	$4,257,434	$8,862,775	$2,959,541	$-4,605,341
2020	$9,410,284	$20,193,099	$2,905,182	$-10,782,815
2019	$22,835,889	$43,667,045	$2,458,453	$-20,831,156
2018	$21,544,060	$39,945,306	$4,461,207	$-18,401,246