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Nonprofiteer
← LATROBE AREA HOSPITAL CHARITABLE FOUNDATION

Form 990 for tax year 2022

Filed by LATROBE AREA HOSPITAL CHARITABLE FOUNDATION.

Totals

Total revenue
$1,760,847
Total expenses
$1,378,281
Contributions and grants received
$917,372
Grants paid
$1,246,332
Program service revenue
$0
Investment income
$845,598
Other revenue
-$2,123
Total assets, end of year
$16,751,541
Total liabilities, end of year
$29,475
Net assets or fund balances, end of year
$16,722,066
Program services expenses (Part IX)
$1,378,281
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,378,281

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $93,945

  • 1f · All other contributions, gifts and grants

    $823,427

  • 3 · Investment income

    total $395,737 · excluded $395,737

  • 7a · Gross sales of assets other than inventory

    securities $1,427,187

  • 7b · Less cost or other basis and sales expenses

    securities $977,326

  • 7c · Gain or loss

    securities $449,861

  • 7d · Net gain or loss

    total $449,861 · excluded $449,861

  • 8a · Fundraising events: gross income

    $16,157

  • 8a · Fundraising events: contributions included on line 1c

    $93,945

  • 8b · Fundraising events: direct expenses

    $30,855

  • 8c · Net income from fundraising events

    total -$14,698 · excluded -$14,698

  • 11a · Other revenue: OTHER REVENUE

    total $12,575 · related or exempt $12,575

  • 11e · Other revenue, total

    $12,575

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,233,332 · program services $1,233,332

  • 2 · Grants to domestic individuals

    total $13,000 · program services $13,000

  • 7 · Other salaries and wages

    total $101,373 · program services $101,373

  • 9 · Other employee benefits

    total $19,427 · program services $19,427

  • 11b · Fees: legal

    total $15 · program services $15

  • 13 · Office expenses

    total $4,734 · program services $4,734

  • 24a · Other expenses: SOFTWARE/MAINTENANCE

    total $3,261 · program services $3,261

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $3,139 · program services $3,139

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year -$181,095 · end of year -$289,775

  • 3 · Pledges and grants receivable

    beginning of year $512,500 · end of year $12,500

  • 4 · Accounts receivable

    end of year $12,575

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,072 · end of year $1,041

  • 11 · Investments: publicly traded securities

    beginning of year $14,943,365 · end of year $16,637,213

  • 15 · Other assets

    beginning of year $40,781 · end of year $377,987

  • 17 · Accounts payable and accrued expenses

    beginning of year $16,906 · end of year $5,713

  • 25 · Other liabilities

    beginning of year $20,479 · end of year $23,762

  • 27 · Net assets without donor restrictions

    beginning of year $10,200,897 · end of year $11,505,909

  • 28 · Net assets with donor restrictions

    beginning of year $5,078,341 · end of year $5,216,157

Mission and programs · 2022

Mission

TO FUNDRAISE ON BEHALF OF LATROBE AREA HOSPITAL AND SUPPORT THEIR MISSION "TO IMPROVE THE HEALTH AND WELL BEING OF EVERY LIFE WE TOUCH"

Activities or mission (Part I)

FUNDRAISING FOR LATROBE AREA HOSPITAL

  • FOR MORE THAN 25 YEARS THE LATROBE AREA HOSPITAL CHARITABLE FOUNDATION HAS SUPPORTED THE ESSENTIAL LIFE-SAVING WORK AT LATROBE HOSPITAL. AS PART OF ITS ONGOING COMMITMENT TO THE COMMUNITIES THAT LATROBE HOSPITAL SERVES, THE CHARITABLE FOUNDATION PROVIDES IMPORTANT AND IMPACTFUL FINANCIAL SUPPORT BY FUNDING NEW AND VITAL MEDICAL EQUIPMENT, MUCH NEEDED HOSPITAL RENOVATIONS, AS WELL AS UP-TO-DATE PROFESSIONAL AND PATIENT EDUCATION.THE MISSION OF THE LATROBE AREA HOSPITAL CHARITABLE FOUNDATION, THROUGH FUNDRAISING AND THE THOUGHTFUL DISTRIBUTION OF THOSE FUNDS, IS TO SUPPORT INDEPENDENCE HEALTH (FORMERLY EXCELA HEALTH) LATROBE HOSPITAL AS THEY CONTINUE TO DELIVER OUTSTANDING COMMUNITY-BASED HEALTH CARE. BY FUNDING ONGOING CAPITAL IMPROVEMENTS, VITAL HEALTH CARE PROGRAMS, AND THOSE THAT SUPPORT THE HEALTH OF OUR COMMUNITY, THE LATROBE AREA HOSPITAL CHARITABLE FOUNDATION IS A CRITICAL HEALTH CARE PARTNER IN OUR COMMUNITY.OUR PRIORITIES COMMUNITY HEALTH AND WELLNESS EDUCATION PATIENT CARE ENHANCEMENTS QUALITY AND PATIENT SAFETY INITIATIVES PROFESSIONAL DEVELOPMENT STUDENT SCHOLARSHIPS THE LATROBE FAMILY MEDICINE RESIDENCY PROGRAMA MAJOR HIGHLIGHT FROM FY2023 WAS THE ADDITION OF THE SIEMENS CONE BEAM 3D CT SCANNER TO AID IN THE DIAGNOSIS AND TREATMENT OF LUNG CANCER. THORACIC SURGEONS MICHAEL SZWERC, MD, FACS, AND BRIAN LACE, MD, ARE THE FIRST IN SOUTHWESTERN PENNSYLVANIA TO USE THIS NEW TECHNOLOGY IN THEIR PRACTICE AT THE SURGICAL INSTITUTE AT LATROBE HOSPITAL. THE TECHNOLOGY ADDS REAL TIME IMAGE FEEDBACK FOR PRECISE VISUALIZATION OF NODULES IN THE LUNGS. PURCHASE OF THE DEVICE WAS MADE POSSIBLE BY A $500,000 GRANT FROM THE ALLEGHENY FOUNDATION WITH ASSISTANCE FROM THE LATROBE AREA HOSPITAL CHARITABLE FOUNDATION. THE CONE BEAM CT SCANNING ALSO CAN BE UTILIZED BY ORTHOPEDIC AND NEUROSURGEONS FOR ORTHOPEDIC TRAUMA AND SPINE PROCEDURES.

    Expenses $1,378,281 · Grants $1,246,332 · Revenue $12,575

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Barbara K Wang MD

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • David S Derose Esq

    VICE-CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Douglas A Clark

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Joseph A Scarpo

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Thomas P Gessner MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Wylie L Overly MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Sam Reiman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Phyllis Ruffner

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Douglas L Sisson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • William D Stavisky EdD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Rev Paul R Taylor Osb

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ruth R Tolbert

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • John M Sphon

    CEO OF EXCELA HEALTH

    Total calculated
    $746,574
    From this org
    $0
    From related orgs
    $709,195
    Other
    $37,379
    Hours/week
    1 + 59 related

    Schedule J breakdown matched by us

    Base
    $0 + $700,000 related
    Bonus
    $0 + $9,195 related
    Other
    $0
    Deferred
    $0 + $22,696 related
    Nontaxable benefits
    $0 + $14,683 related
    Filer's total
    $0 + $746,574 related

  • Thomas S Albanesi Jr CPA

    CFO/ASSISTANT TREASURER

    Total calculated
    $429,339
    From this org
    $0
    From related orgs
    $398,089
    Other
    $31,250
    Hours/week
    1 + 59 related

    Schedule J breakdown matched by us

    Base
    $0 + $365,574 related
    Bonus
    $0 + $32,515 related
    Other
    $0
    Deferred
    $0 + $16,724 related
    Nontaxable benefits
    $0 + $14,526 related
    Filer's total
    $0 + $429,339 related

  • Ken Defurio

    PRESIDENT & CEO

    Total calculated
    $1,300,600
    From this org
    $0
    From related orgs
    $1,015,706
    Other
    $284,894
    Hours/week
    1 + 59 related

    Schedule J breakdown matched by us

    Base
    $0 + $693,580 related
    Bonus
    $0 + $280,001 related
    Other
    $0 + $42,125 related
    Deferred
    $0 + $263,951 related
    Nontaxable benefits
    $0 + $20,943 related
    Filer's total
    $0 + $1,300,600 related

  • Albert J Novak Jr

    VP,CHIEF PHILANTHROPY(UNTIL 09/22)

    Total calculated
    $207,091
    From this org
    $0
    From related orgs
    $185,817
    Other
    $21,274
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $126,245 related
    Bonus
    $0 + $59,572 related
    Other
    $0
    Deferred
    $0 + $10,442 related
    Nontaxable benefits
    $0 + $10,832 related
    Filer's total
    $0 + $207,091 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE ORGANIZATION'S CEO IS PAID BY EXCELA HEALTH. EXCELA HEALTH USES THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION OF THE CEO: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - FORM 990 OF OTHER ORGANIZATIONS - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
PART I, LINE 4B
A CONTRIBUTION TO A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) WAS MADE FOR THE FOLLOWING EMPLOYEE: KEN DEFURIO - $242,201

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • BUTLER AMBULATORY SURGERY CENTER LLC

    AMBULATORY SURG. · PA

  • BHS FASTERCARE

    URGENT CARE · PA

  • BHS FASTER CARE LABORATORY

    LAB. SERVICES · PA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • EXCELA HEALTH PHYSICIAN PRACTICES

    C · HEALTH CARE · PA

  • EXCELA HEALTH HOLDING COMPANY

    C · HEALTH CARE · PA

  • EXCELA HEALTH VENTURES LLC

    C · REAL ESTATE · PA

  • EXCELA RECIPROCAL RRG & SUBSIDIARY

    C · INSURANCE · VT

  • EXCELA PHYSICIAN HOSPITAL ORGANIZATION LLC

    C · HEALTH CARE · PA

  • EXCELA HEALTH DIVERSIFIED SERVICES LLC

    C · HEALTH CARE · PA

  • PCA OF BUTLER PC

    C · PHY. OFFICE · PA

  • CLARION DEVELOPMENT CORPORATION

    C · PHARMACY · PA

Provenance

Return type
form_990
Tax year
2022
Filed
3 May 2024
IRS schema version
2022v5.0
Source object
202411349349300506

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