GREENSBURG, PA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)EXCELA HEALTH GROUP is a major nonprofit that reported $628.1M in total revenue in fiscal year 2024. The organization ran a surplus of $98.1M, a strong 16% operating margin.
EXCELA HEALTH, AN AFFILIATE OF INDEPENDENCE HEALTH SYSTEM, EXISTS TO PROVIDE A TRUSTED DELIVERY OF CARE WHICH MAKES A POSITIVE IMPACT ON THE LIVES OF EVERY INDIVIDUAL WE TOUCH.
ABOUT EXCELA HEALTH MAKING A POSITIVE IMPACT ON THE LIVES OF EVERY INDIVIDUAL WE TOUCH.EXCELA HEALTH, THE LEADING HEALTH CARE PROVIDER AND THE LARGEST EMPLOYER IN WESTMORELAND COUNTY, BROUGHT...
ABOUT EXCELA HEALTH MAKING A POSITIVE IMPACT ON THE LIVES OF EVERY INDIVIDUAL WE TOUCH.EXCELA HEALTH, THE LEADING HEALTH CARE PROVIDER AND THE LARGEST EMPLOYER IN WESTMORELAND COUNTY, BROUGHT TOGETHER THREE HOSPITALS IN 2004 WESTMORELAND HOSPITAL IN GREENSBURG, FRICK HOSPITAL IN MOUNT PLEASANT AND LATROBE HOSPITAL IN LATROBE WITH THE GOAL OF SERVING AS A REGIONAL HEALTH CARE SYSTEM THAT EMBODIES HIGH QUALITY, ACCESSIBILITY AND ADVANCED TECHNOLOGY LOCALLY. MORE TO THE POINT, EXCELA HEALTH SEEKS TO LIVE ITS MISSION OF "IMPROVING THE HEALTH AND WELL-BEING OF EVERY LIFE WE TOUCH" COUCHED IN VALUES KNOWN AS THE EXCELA WAY. EVIDENCE OF THOSE IDEALS CAN BE FOUND IN THE EVENTS OF FISCAL YEAR 2025, WITH THE ADDITION OF NEW CONCEPTS, SERVICES AND TECHNOLOGIES WHILE, AT THE SAME TIME, GARNERING RECOGNITION FOR ITS EFFORTS FROM NATIONAL, REGIONAL AND LOCAL ORGANIZATIONS. IN ALL CASES, THE RESULTING PROGRAMS, SERVICES AND AWARDS BENEFITTED THE AREA'S CITIZENRY AND DEMONSTRATED A FOCUS ON QUALITY MEASURES, FURTHER ENHANCING THE WAY EXCELA HEALTH PROVIDES CARE. PERHAPS MORE IMPORTANT IS THE CONTINUING ADDITION OF HIGHLY TRAINED PHYSICIANS, NURSES AND HEALTH CARE PROFESSIONALS. TOGETHER, MANAGEMENT, THE BOARD OF TRUSTEES AND MEDICAL STAFF COLLABORATE DILIGENTLY, AND THOUGHTFULLY, TO PROVIDE OUTSTANDING CARE TO THIS REGION. AS A PENNSYLVANIA NONPROFIT CORPORATION DESCRIBED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, EXCELA HEALTH WAS ORIGINALLY INCORPORATED AS SUCH EFFECTIVE JULY 1, 1984, PREVIOUSLY KNOWN AS SOUTHWEST HEALTH SYSTEM, THEN WESTMORELAND HEALTH SYSTEM, FOLLOWED BY WESTMORELAND LATROBE HEALTH PARTNERS AND, FINALLY, EXCELA HEALTH. IN ADDITION TO ITS HOSPITALS, EXCELA HEALTH ENCOMPASSES OTHER HEALTH-RELATED SUBSIDIARIES AND CONTINUES TO EXPAND AS THE NEEDS OF THE COMMUNITY DEMAND. ON JANUARY 1, 2023, EXCELA HEALTH ENTERED INTO AN AFFILIATION WITH BUTLER HEALTH SYSTEM, INC. (BHS) TO CREATE A NEW PARENT CORPORATION NAMED INDEPENDENCE HEALTH SYSTEM (IHS), WHICH HAS GOVERNANCE AUTHORITY OVER BOTH ORGANIZATIONS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $628,106,455 | $598,374,198 | +0.0% |
| Expenses | $530,007,412 | $517,023,286 | +0.0% |
| Net Income | $98,099,043 | $81,350,912 | +0.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| KENNETH P DEFURIO | PRESIDENT & CEO | 20.00 |
Officer
Director
|
$0 | $23,311 | $3,637,924 |
| PAUL BACHARACH | CHAIR | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| TIMOTHY MORGUS | VICE CHAIR | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| PATRICK HAMPSON | SECRETARY (UNTIL 12/17/24) | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| LARRY RICHERT | SECRETARY | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| JEFFREY CURRY | TREASURER | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| ANIE PERARD MD | TRUSTEE (UNTIL 12/31/24)/PHYSICIAN | 3.00 |
Director
|
$0 | $15,460 | $356,709 |
| JOHN REEFER MD | TRUSTEE | 3.00 |
Director
|
$0 | $0 | $0 |
| JAMES ADISEY MD | TRUSTEE/PHYSICIAN | 3.00 |
Director
|
$0 | $32,146 | $797,652 |
| TERESA PETRICK | TRUSTEE | 3.00 |
Director
|
$0 | $0 | $0 |
| JOHN M SPHON | TRUSTEE | 3.00 |
Director
|
$0 | $0 | $0 |
| DEBRA THOMPSON PHD | TRUSTEE | 3.00 |
Director
|
$0 | $0 | $0 |
| THOMAS S ALBANESI JR CPA | CFO/ASSISTANT TREASURER | 50.00 |
Officer
|
$663,850 | $37,722 | $701,572 |
| CAROL J FOX MD | CHIEF MEDICAL OFFICER | 40.00 |
Officer
|
$675,147 | $23,135 | $698,282 |
| BRIAN FRITZ | PRESIDENT WH, LH & FH | 60.00 |
Officer
|
$417,861 | $33,074 | $450,935 |
| DAVID ROTTINGHAUS | PHYSICIAN & PROVIDER NETWORK PRESIDENT | 20.00 |
Officer
|
$0 | $25,189 | $738,371 |
| MICHAEL FIORINA DO | CHIEF MEDICAL OFFICER | 20.00 |
Officer
|
$0 | $25,326 | $454,951 |
| THOMAS GENEVRO | CHIEF HUMAN RESOURCES OFFICER | 20.00 |
Officer
|
$0 | $15,295 | $486,115 |
| ROGER LUTZ | CHIEF INFORMATION OFFICER | 20.00 |
Officer
|
$0 | $25,503 | $438,353 |
| WILLIAM MADDEN | CHIEF OPERATING OFFICER | 20.00 |
Officer
|
$0 | $7,388 | $436,949 |
| PAMELA HEPP ESQ | CHIEF LEGAL OFFICER | 20.00 |
Officer
|
$0 | $7,053 | $541,412 |
| THOMAS CHAKURDA | CHIEF MARKET & COMM OFFICER | 50.00 |
Highest
|
$413,597 | $36,672 | $450,269 |
| LAURIE ENGLISH | SR. VP, HUMAN RESOURCES | 50.00 |
Highest
|
$362,988 | $41,779 | $404,767 |
| MICHAEL DEBROECK | DIR. ANESTHESIA SCHOOL | 50.00 |
Highest
|
$268,494 | $12,936 | $281,430 |
| ERICA SHAFFER | VPL, POST ACUTE AMB STRAT | 50.00 |
Highest
|
$258,347 | $25,281 | $283,628 |
| TRACI FICK | CHIEF NURSING OFFICER | 40.00 |
Highest
|
$246,981 | $24,682 | $271,663 |
| JEFFREY TIESI | FORMER CHIEF OPERATING OFFICER | 0.00 |
|
$115,385 | $0 | $115,385 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $628,106,455 | $530,007,412 | $596,742,406 | $98,099,043 |
| 2024 | $598,374,198 | $517,023,286 | $717,703,262 | $81,350,912 |
| 2023 | $549,952,621 | $512,755,567 | $780,191,872 | $37,197,054 |
| 2022 | $588,194,350 | $495,325,125 | $728,748,728 | $92,869,225 |
| 2021 | $564,836,570 | $473,685,609 | $756,222,240 | $91,150,961 |
| 2020 | $490,812,823 | $450,008,225 | $674,401,136 | $40,804,598 |
| 2019 | $516,021,266 | $453,037,215 | $681,470,415 | $62,984,051 |
| 2018 | $483,237,725 | $432,546,338 | $686,432,759 | $50,691,387 |
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