Wayne Memorial Health System Inc
- Assets
- $4.9m
- Revenue
- $2.0m
- Investments
- $3.9m
- Employees
- 8
- Location
- Honesdale, PA
- Founding
- 06/1998
- Data as of
- 06/2020
- EIN
- 23-2221292
Organization Overview
Wayne Memorial Health System Inc is located in Honesdale, PA. The organization was established in 1998. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2021, Wayne Memorial Health System Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wayne Memorial Health System Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2020, Wayne Memorial Health System Inc generated $2.0m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $2.0m during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTES AND ADVANCES CHARITABLE, HEALTH, SCIENTIFIC, SOCIAL, AND EDUCATIONAL SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WAYNE MEMORIAL HEALTH SYSTEM PROMOTES THE HEALTH OF THOSE WHO LIVE IN THE COMMUNITY IT SERVES IN WAYNE AND PIKE COUNTIES, PENNSYLVANIA, AS THE SOLE MEMBER OF WAYNE MEMORIAL HOSPITAL, WAYNE MEMORIAL LONG-TERM CARE AND THE WAYNE MEMORIAL HEALTH FOUNDATION. SEE SCHEDULE O FOR MORE INFORMATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Hoff CEO | Officer | 5 | $627,393 |
James Pettinato Director Of Patient Care Svcs | 0.1 | $206,992 | |
John Conte Director Of Facility Services | 13.2 | $176,185 | |
Patricia Dunsinger CFO | Officer | 14.8 | $172,693 |
James Hockenbury Director Of Ancillary Services | 6 | $164,986 | |
Bethany Fine Human Resource Director | 4.8 | $121,354 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,015,672 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $837,834 |
| Compensation to disqualified persons | $242,986 |
| Other salaries and wages | $754,640 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $18,085 |
| Payroll taxes | $92,361 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,380 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $350 |
| All other expenses | $0 |
| Total functional expenses | $1,966,636 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $305,282 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $758,340 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,877,284 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $780 |
| Total assets | $4,941,686 |
| Accounts payable and accrued expenses | $422,849 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $771,949 |
| Total liabilities | $1,194,798 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $3,746,888 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Wayne Memorial Health System Inc has recieved totaling $344.
| Awarding Organization | Amount |
|---|---|
Baird Foundation Inc Milwaukee, WI PURPOSE: GENERAL CHARITABLE | $344 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Long Island Select Healthcare Inc Central Islip, NY | $8,265,975 | $21,062,448 |
Barnesville Hospital Association Inc Barnesville, OH | $13,746,955 | $20,495,277 |
Grafton City Hospital Inc Grafton, WV | $12,579,232 | $20,111,333 |
Lvhn Scranton Orthopedic Specialists Allentown, PA | $3,870,668 | $16,734,711 |
Guthrie Towanda Memorial Hospital Towanda, PA | $0 | $13,772,403 |
Lehigh Valley Hospital - Coordinated Health Bethlehem Allentown, PA | $0 | $23,779,920 |
Margaretville Memorial Hospital Margaretville, NY | $7,505,744 | $15,666,335 |
Shore Rehabilitation Institute Inc Brick, NJ | $9,020,027 | $18,706,830 |
Geisinger Jersey Shore Hospital Danville, PA | $29,794,644 | $19,405,127 |
Upmc Pittsburgh, PA | $6,204,114 | $10,718,414 |
Community Medical And Dental Care Monsey, NY | $10,163,630 | $17,584,178 |
Rochester Regional Health Foundation Rochester, NY | $93,100,640 | $25,028,358 |