HANOVER HOSPITAL FOUNDATION

EIN: 822553293 501(c)(3) Health Care

Pittsburgh, PA

Total Revenue
$2,386,974
Total Expenses
$174,594
Total Assets
$49,621,560
Net Assets
$49,621,560
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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
2017
Legal Domicile
PA
Principal Officer
Greg Mitstifer
Phone
4126472345
Tax Period
2024-07-01 to 2025-06-30

HANOVER HOSPITAL FOUNDATION, founded in 2017, is a community nonprofit in the Health Care sector that reported $2.4M in total revenue in fiscal year 2024. Revenue surged 51% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.2M, a strong 93% operating margin.

Mission

THE CORPORATION IS ORGANIZED AND IS OPERATED TO SUPPORT UPMC HANOVER, FORMERLY HANOVER HOSPITAL, INC.

Program Service Accomplishments

Program 1
Expenses: $0 Revenue: $0

THE CORPORATION IS ORGANIZED AND WILL BE OPERATED TO SUPPORT UPMC HANOVER, FORMERLY HANOVER HOSPITAL, INC., AND ANY OTHER AFFILIATED OR RELATED ORGANIZATIONS THAT ARE INCLUDED WITHIN THE HEALTH CARE...

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THE CORPORATION IS ORGANIZED AND WILL BE OPERATED TO SUPPORT UPMC HANOVER, FORMERLY HANOVER HOSPITAL, INC., AND ANY OTHER AFFILIATED OR RELATED ORGANIZATIONS THAT ARE INCLUDED WITHIN THE HEALTH CARE SYSTEM OF HANOVER HEALTHCARE PLUS, INC., WHICH ORGANIZATIONS ARE DESCRIBED IN SECTION 501(C)(3) AND 509(A)(1) OR 509(A)(2) OF THE CODE THAT BENEFIT THE YORK AND ADAMS COUNTIES. IN THE CURRENT TAX YEAR, THE FOUNDATION FURTHERED PATIENT ACCESS TO SPECIALTY SERVICE LINES BY CONTRIBUTING FUNDING TO EMERGENCY, RESPIRATORY THERAPY, PEDIATRIC CARE, ONCOLOGY AND SURGICAL SERVICE LINE PROGRAMS. IN ADDITION, THE FOUNDATION HELPED TO ADDRESS EMPLOYEE AND COMMUNITY AVAILABILITY TO ELECTRIC VEHICLE CHARGERS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $350
Program Service Revenue $0
Investment Income $2,386,624
Other Revenue $0
TOTAL REVENUE $2,386,974

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $174,594
TOTAL EXPENSES $174,594

Year-over-Year Comparison

2024 2023 Change
Revenue $2,386,974 $1,583,029 +0.5%
Expenses $174,594 $1,702,386 -0.9%
Net Income $2,212,380 $-119,357 -19.5%
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

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Governance

Voting Members
7
Independent Members
5
Employees
N/A
Volunteers
5

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
5
$1,102,693
Total Directors
7
$1,102,693
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL W GASKINS PRESIDENT 1.0
Officer Director
$0 $129,740 $814,115
DONNA L MULLER TREASURER 1.0
Officer Director
$0 $18,155 $288,578
G STEVEN MCKONLY ESQ BOARD CHAIR 1.0
Officer Director
$0 $0 $0
JOHN R SCHNITZER BOARD VICE CHAIR 1.0
Officer Director
$0 $0 $0
PAUL F SPEARS MD SECRETARY 1.0
Officer Director
$0 $0 $0
ALAN J STOCK DIRECTOR 1.0
Director
$0 $0 $0
BARBARA RUPP DIRECTOR 1.0
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 $2,386,974 $174,594 $49,621,560 $2,212,380
2024 No data No data No data No data
2023 $1,531,576 $1,801,963 $44,445,022 $-270,387
2022 $1,993,238 $1,941,674 $42,161,925 $51,564
2021 $3,248,085 $1,566,905 $48,987,511 $1,681,180
2020 $291,934 $1,523,322 $39,662,709 $-1,231,388
2019 $2,317,564 $338,986 $40,515,754 $1,978,578
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