Princeton Community Hospital Assoc… - 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

1965

Legal Domicile

Principal Officer

Karen Bowling

Phone

3044787000

Tax Period

2023-01-01 to 2023-12-31

Princeton Community Hospital Association, founded in 1965, is a major nonprofit in the Health Care sector that reported $285.1M in total revenue in fiscal year 2023.

Mission

We strive for an organizational culture that is based on trust, integrity, and transparency. A culture where everyone is treated with dignity and respect. A culture rooted in compassion and high-quality patient care.

Program Service Accomplishments

Program 1

Expenses: $22,554,324 Revenue: $26,047,879

Princeton Community Hospital Association has a 24/7 emergency department that is staffed by board-certified physicians and highly trained nurses who deliver lifesaving care with a combination of...

Princeton Community Hospital Association has a 24/7 emergency department that is staffed by board-certified physicians and highly trained nurses who deliver lifesaving care with a combination of efficiency and compassion. In 2023, Princeton Community Hospital had 48,227 emergency department visits.

Program 2

Expenses: $22,089,852 Revenue: $25,511,462

Princeton Community Hospital Association has eight state of the art operating rooms where surgeons perform procedures every day that save lives, add years to life, and enhance quality of life. In...

Princeton Community Hospital Association has eight state of the art operating rooms where surgeons perform procedures every day that save lives, add years to life, and enhance quality of life. In 2023, Princeton Community Hospital Association performed 7,508 surgeries.

Program 3

Expenses: $17,179,815 Revenue: $19,840,884

The internal medicine department provides outstanding care for a wide range of conditions, including heart disease, hypertension, diabetes, lung disease, metabolic disorders, gastrointestinal...

The internal medicine department provides outstanding care for a wide range of conditions, including heart disease, hypertension, diabetes, lung disease, metabolic disorders, gastrointestinal problems, and blood disorders. In 2023, Princeton Community Hospital Association had 11,424 internal medicine visits.

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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 $26,180

Program Service Revenue $278,586,305

Investment Income $4,215,498

Other Revenue $2,261,184

TOTAL REVENUE $285,089,167

Expense Breakdown

Grants Paid $96,522

Salaries & Benefits $116,778,070

Fundraising Expenses $0

Program Expenses $242,082,761

Other Expenses $174,252,322

TOTAL EXPENSES $291,126,914

Year-over-Year Comparison

	2023	2022	Change
Revenue	$285,089,167	N/A	N/A
Expenses	$291,126,914	N/A	N/A
Net Income	$-6,037,747	N/A	N/A

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

1829

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

$2,276,752

Total Directors

$2,277,140

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mark Weitzel	Physician	040.00	Highest	$980,175	$44,830	$1,025,005
Eric Hopkins	Physician	040.00	Highest	$920,864	$33,389	$954,253
Mark Lenter	Physician	040.00	Highest	$865,758	$44,830	$910,588
Gene Duremdes	Physician	040.00	Highest	$807,716	$36,623	$844,339
David Mullins	Director	040.00	Director	$771,189	$46,204	$817,393
Karen Bowling	President	040.00	Officer	$774,664	$26,104	$800,768
Tom Takubo	Director	001.00	Director	$0	$118,876	$790,264
Stephen Ward	Physician	040.00	Highest	$724,474	$26,883	$751,357
Christopher Daniel	Director	001.00	Director	$0	$44,507	$468,188
Thomas Martin	Medical Director	040.00	Officer	$402,363	$36,488	$438,851
Albert Boland	VP of Operations	040.00	Officer	$270,036	$41,030	$311,066
Timothy Anderson	VP Nursing CNO	040.00	Officer	$245,878	$9,702	$255,580
Diane Spencer	VP Finance CFO	040.00	Officer	$219,981	$27,906	$247,887
Heather Poff	VP Human Resources	040.00	Officer	$185,273	$37,327	$222,600
Amos Lane	Director	001.00	Director	$0	$32,097	$201,295
James Sarver III	Director, Chairman	001.00	Officer Director	$0	$0	$0
Robert Schumacher	Director, Vice Chairman	001.00	Officer Director	$0	$0	$0
David Graham	Director	001.00	Director	$0	$0	$0
Terry Graham	Director	001.00	Director	$0	$0	$0
Joe Keatley	Director	001.00	Director	$0	$0	$0
Kevin Martin	Director	001.00	Director	$0	$0	$0
Patty McCormick	Director	001.00	Director	$0	$0	$0
Mike Webb	Director	001.00	Director	$0	$0	$0
Leslie Wellman	Director	001.00	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	$285,089,167	$291,126,914	$165,760,460	$-6,037,747

Princeton Community Hospital Association