LVHN AMBULATORY SURGERY CENTER OF … - 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

2019

Legal Domicile

Principal Officer

AMY NYBERG

Phone

4842241876

Tax Period

2022-07-01 to 2023-06-30

LVHN AMBULATORY SURGERY CENTER OF LOPATCONG INC, founded in 2019, is a micro nonprofit that reported $177K in total revenue in fiscal year 2022. Revenue fell 108% from the prior year — a significant decline worth monitoring.

Mission

OUR MISSION IS TO HEAL, COMFORT AND CARE FOR THE PEOPLE OF OUR COMMUNITY BY PROVIDING ADVANCED AND COMPASSIONATE HEALTH CARE OF SUPERIOR QUALITY AND VALUE, SUPPORTED BY EDUCATION AND RESEARCH.

Program Service Accomplishments

Program 1

Expenses: $1,180,904 Revenue: $-177,493

COORDINATED HEALTH, PART OF LEHIGH VALLEY HEALTH NETWORK (LVHN), IS AN INTEGRATED HEALTHCARE SYSTEM WITH LOCATIONS THROUGHOUT EASTERN PENNSYLVANIA AND WESTERN NEW JERSEY. COORDINATED HEALTH IS PART OF THE LVHN REFERRAL REGION FOR OVER TWO MILLION RESIDENTS OF SURROUNDING COUNTIES IN EASTERN AND NORTHEASTERN PENNSYLVANIA, AND WESTERN NEW JERSEY.ACQUIRED BY LEHIGH VALLEY HEALTH NETWORK IN DECEMBER 2019, THE FORMER COORDINATED HEALTH FACILITIES ARE DRIVEN BY THE LVHN MISSION TO HEAL, COMFORT AND CARE FOR THE PEOPLE OF OUR COMMUNITY BY PROVIDING ADVANCED AND COMPASSIONATE HEALTH CARE OF SUPERIOR QUALITY AND VALUE SUPPORTED BY EDUCATION AND CLINICAL RESEARCH. IN ADDITION, THESE ENTITIES HAVE ADOPTED THE POLICIES AND PROCEDURES OF LEHIGH VALLEY HEALTH NETWORK, INCLUDING THOSE RELATED TO FINANCIAL ASSISTANCE PROGRAMS, CHARITY CARE, AND COMMUNITY HEALTH NEEDS.LVHN AMBULATORY SURGERY CENTER OF LOPATCONG, INC. IS A STATE-OF-THE-ART SURGERY CENTER, OPENED IN LATE 2018, OFFERS PATIENTS IN WESTERN NEW JERSEY ACCESS TO SAME DAY PROCEDURES IN DENTAL SURGERY, OPHTHALMOLOGY, GENERAL SURGERY, GASTROENTEROLOGY, ORTHOPEDIC SURGERY, PAIN MANAGEMENT, PODIATRY, UROLOGY AND MORE. BEGINNING IN 2019, THE SURGERY CENTER WAS ABLE TO TREAT MEMBERS ENROLLED IN HORIZON NJ HEALTH MEDICAID PLANS, INCLUDING DIVISION OF DEVELOPMENTAL DISABILITIES (DDD) GIVING THESE SPECIAL NEEDS PATIENTS ACCESS TO HIGHLY SKILLED DENTAL CARE IN WARREN COUNTY. THE SURGERY CENTER IS PART OF AN INTEGRATED HEALTHCARE CAMPUS PROVIDING QUALITY CARE TO WESTERN NEW JERSEY PATIENTS AND EMPLOYERS, PROVIDING ACCESS TO ONE OF THE REGION'S LARGEST TEAM OF SPECIALTY AND FELLOWSHIP-TRAINED ORTHOPEDICS, JOINT REPLACEMENT, SPINE, HAND & WRIST, AND FOOT & ANKLE PHYSICIANS. THE HEALTH CAMPUS IN PHILLIPSBURG, NJ ALSO HOSTS PRIMARY CARE AND A CARE-ON-DEMAND WALK-IN CENTER, A WALK-IN INJURY CENTER, PHYSICAL THERAPY AND ADVANCED IMAGING.AS OF JUNE 30, 2023, THE OPERATIONS OF LVHN AMBULATORY SURGERY CENTER OF LOPATCONG, INC. MERGED WITH LEHIGH VALLEY HOSPITAL, A RELATED 501(C)(3) ORGANIZATION. UPON THE MERGER, THE FACILITY WAS SOLD TO AN UNRELATED THIRD-PARTY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $-177,493

Other Revenue $0

TOTAL REVENUE $-177,493

Expense Breakdown

Grants Paid $0

Salaries & Benefits $-4,195

Fundraising Expenses $0

Program Expenses $1,180,904

Other Expenses $1,185,099

TOTAL EXPENSES $1,180,904

Year-over-Year Comparison

	2022	2021	Change
Revenue	$-177,493	$2,331,559	-1.1%
Expenses	$1,180,904	$2,975,700	-0.6%
Net Income	$-1,358,397	$-644,141	+1.1%

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

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

$3,622,988

Total Directors

$2,879,920

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE ARANGIO	TRUSTEE	1.00	Director	$0	$0	$0
JOHN C BRODSKY	ASSISTANT TREASURER	1.00	Officer	$0	$17,365	$650,072
DAVID CACCESE	TRUSTEE	1.00	Director	$0	$0	$0
DENISE L DEANGELIS	ASSISTANT SECRETARY	1.00	Officer	$0	$17,404	$92,996
THOMAS J MARCHOZZI MBA CPA	TREASURER/TRUSTEE	1.00	Officer Director	$0	$26,460	$1,445,107
AMY H NYBERG	PRESIDENT & CHAIRPERSON	10.00	Officer Director	$0	$24,879	$545,788
ANNETTE M WHITE ESQ	SECRETARY/TRUSTEE	1.00	Officer Director	$0	$35,243	$889,025

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
2023	$-177,493	$1,180,904	No data	$-1,358,397
2022	$2,331,559	$2,975,700	$10,134,058	$-644,141
2021	$2,160,012	$3,650,050	$2,582,741	$-1,490,038
2020	$230,415	$793,395	$2,230,356	$-562,980

LVHN AMBULATORY SURGERY CENTER OF LOPATCONG INC