MONONGAHELA VALLEY HOSPITAL FOUNDATION

EIN: 825336533 501(c)(3)

MONONGAHELA, PA

Total Revenue
$2,491,380
Total Expenses
$2,391,230
Total Assets
$1,782,172
Net Assets
$1,738,951
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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
PA
Principal Officer
LOUIS J PANZA JR
Phone
7242581106
Tax Period
2020-07-01 to 2021-06-30

MONONGAHELA VALLEY HOSPITAL FOUNDATION, founded in 2018, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2020. Revenue surged 292% from the prior year, signaling strong growth momentum. Expenses of $2.4M left a modest 4% surplus.

Mission

THE MISSION OF THE MONONGAHELA VALLEY HOSPITAL FOUNDATION IS TO PROVIDE AND ENSURE SUPPORT AND SUSTAINABILITY TO MONONGAHELA VALLEY HOSPITAL AND THE COMMUNITIES WHICH THE HOSPITAL SERVES.

Program Service Accomplishments

Program 1
Expenses: $1,972,024 Revenue: $0

THE MISSION IS ACCOMPLISHED THROUGH PROMOTING THE DEVELOPMENT WITHIN THE GREATER MONONGAHELA VALLEY AREA OF HEALTH AND WELFARE SERVICES, FACILITIES AND PROGRAMS WHICH WILL ENHANCE THE GENERAL HEALTH...

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THE MISSION IS ACCOMPLISHED THROUGH PROMOTING THE DEVELOPMENT WITHIN THE GREATER MONONGAHELA VALLEY AREA OF HEALTH AND WELFARE SERVICES, FACILITIES AND PROGRAMS WHICH WILL ENHANCE THE GENERAL HEALTH AND WELFARE OF THE COMMUNITY BY INCREASING THE ACCESSIBILITY, CONTINUITY AND QUALITY OF SERVICES PROVIDED TO THE RESIDENTS OF THE COMMUNITY. MONONGAHELA VALLEY HOSPITAL FOUNDATION, INC. PROVIDES VARIOUS ACTIVITIES INCLUDING FUND-RAISING, THE SECURING OF GRANTS AND CONTRACTS, JOINT PLANNING AND MARKETING FOR SUBSIDIARY ENTERPRISES, PUBLIC RELATIONS ACTIVITIES AND THE GENERAL PROMOTION OF HEALTH, WELFARE, EDUCATION AND OTHER CHARITABLE PURPOSES.MONONGAHELA VALLEY HOSPITAL FOUNDATION, INC. PROVIDED NEARLY $1,858,000 OF FUNDING TO MONONGAHELA VALLEY HOSPITAL, INC. FOR CAPITAL AND SUPPLY PURCHASES, PROGRAMS PROVIDING DIRECT PATIENT SUPPORT, THE CAMEOS OF CARING PROGRAM THAT PROMOTES THE NURSING PROFESSION, MEDICAL EDUCATION PROGRAMS, STAFF CERTIFICATIONS, AND THE PURCHASE OF TRAINING SOFTWARE LICENSES FOR NEWLY GRADUATED NURSES.MONONGAHELA VALLEY HOSPITAL FOUNDATION, INC. PROVIDED THREE NEW SCHOLARSHIP AND MADE ADDITIONAL PAYMENTS TO FOUR PREVIOUS AWARDEES UNDER THE SCHOLARSHIP PROGRAM FOR NURSES AND CRITICAL CLINICAL HEALTH CARE OCCUPATIONS. STUDENTS MAY QUALIFY FOR THIS SCHOLARSHIP BY HAVING A 3.5 CUMULATIVE GRADE POINT AVERAGE AT THE END OF THE FIRST SEMESTER OF THEIR SENIOR YEAR OF HIGH SCHOOL, HAVE A LETTER OF ACCEPTANCE INTO AN APPROVED POST-SECONDARY PROGRAM, AND COMPLETE AN APPLICATION WITH A 200 WORD ESSAY. A SELECTION COMMITTEE REVIEWS ALL APPLICATIONS AND SUBMITS THEIR RECOMMENDATIONS TO THE CORPORATE STAFF MEMBERS OF THE HOSPITAL FOR FINAL APPROVAL. TO CONTINUE RECEIVING SCHOLARSHIP FUNDS, THE RECIPIENTS MUST MAINTAIN FULL-TIME STUDENT STATUS, A 2.5 OR BETTER GRADE POINT AVERAGE AND SIGN A COMMITMENT TO WORK AT THE HOSPITAL UPON GRADUATION.MONONGAHELA VALLEY HOSPITAL FOUNDATION, INC. ALSO PROVIDES A REGISTERED NURSE SCHOLARSHIP PROGRAM FOR DISPLACED WORKERS. IN FISCAL YEAR 2020, NO INDIVIDUAL APPLIED FOR THIS AWARD. POSSIBLE RECIPIENTS MAY QUALIFY FOR THIS SCHOLARSHIP BY BEING UNEMPLOYED, HAVE A LETTER OF ACCEPTANCE INTO AN ACCREDITED SCHOOL OF NURSING, AND BE RECOMMENDED BY THEIR FORMER EMPLOYER AND LOCAL CAREERLINK OFFICE. CORPORATE STAFF MEMBERS REVIEW APPLICATIONS AND INTERVIEW APPLICANTS FOR FINAL APPROVAL. TO CONTINUE RECEIVING SCHOLARSHIP FUNDS, THE RECIPIENTS MUST MAINTAIN FULL-TIME STUDENT STATUS, A 2.5 OR BETTER GRADE POINT AVERAGE AND SIGN A COMMITMENT TO WORK AT THE HOSPITAL UPON GRADUATION.DUE TO THE COVID-19 PANDEMIC, MONONGAHELA VALLEY HOSPITAL FOUNDATION, INC. WAS UNABLE TO HOLD THE THIRTY-SECOND ANNUAL GALA FUND-RAISING EVENT IN PERSON. THE GALA TO COMMEMORATE THE HEALTH CARE SYSTEM'S ACHIEVEMENTS AND TO HONOR THOSE WHOSE EFFORTS AND DEDICATION HAVE ENHANCED THE QUALITY OF HEALTH CARE IN THE MID-MON VALLEY WAS SUCCESSFULLY HELD VIRTUALLY. ALSO DURING FISCAL YEAR 2021 MONONGAHELA VALLEY HOSPITAL FOUNDATION, INC., CONTINUED ITS EFFORTS IN THE DUCOEUR BREAST CANCER WALK, THE GIVING SOCIETY, THE HEARTS THAT CARE, AND THE PATHWAYS PROMOTING PROGRESS IN HEALTH COMMUNITY FUND-RAISING CAMPAIGNS. FUNDS REALIZED THROUGH THESE PROGRAMS OF GIVING WILL BE USED TO ENDOW THE SERVICES PROVIDED BY OUR HEALTH CARE SYSTEM.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $2,555,163
Program Service Revenue $0
Investment Income $16,073
Other Revenue $-79,856
TOTAL REVENUE $2,491,380

Expense Breakdown

Grants Paid $1,962,503
Salaries & Benefits $274,710
Fundraising Expenses $243,922
Program Expenses $1,972,024
Other Expenses $154,017
TOTAL EXPENSES $2,391,230

Year-over-Year Comparison

2020 2019 Change
Revenue $2,491,380 $634,880 +2.9%
Expenses $2,391,230 $1,028,581 +1.3%
Net Income $100,150 $-393,701 -1.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
15
Independent Members
11
Employees
N/A
Volunteers
12

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
6
$1,108,151
Total Directors
15
$1,191,471
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
R CARLYN BELCZYK CHAIRMAN 1.00
Officer Director
$0 $0 $0
S P HEWIE VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
KEVIN M LEE SECRETARY 1.00
Officer Director
$0 $0 $0
LOUIS J PANZA JR PRESIDENT 1.00
Officer Director
$0 $26,493 $583,772
DANIEL F SIMMONS TREASURER 1.00
Officer Director
$0 $21,111 $401,671
MARK F SPITZER VICE PRESIDENT 45.00
Officer Director
$114,338 $8,370 $122,708
RUTH ANN ANTONELLI DIRECTOR 1.00
Director
$0 $0 $0
GARY P CARUSO DIRECTOR 1.00
Director
$0 $0 $0
DAVID T HUNTER DIRECTOR 1.00
Director
$0 $0 $0
JEFF M KOTULA DIRECTOR 1.00
Director
$0 $0 $0
R G KRISHNAN DIRECTOR 1.00
Director
$0 $0 $83,320
LINDA K HORRELL DIRECTOR 1.00
Director
$0 $0 $0
MATTHEW M PITZARELLA DIRECTOR 1.00
Director
$0 $0 $0
THOMAS A SIMON DIRECTOR 1.00
Director
$0 $0 $0
THOMAS C SVRCEK 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
2021 $2,491,380 $2,391,230 $1,782,172 $100,150
2019 $1,024,751 $1,094,572 $2,124,269 $-69,821
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