Ech Legacy Inc
- Assets
- $4.0m
- Revenue
- $10.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Ellwood City, PA
- Founding
- 11/1956
- Data as of
- 06/2021
- EIN
- 25-0461835
Organization Overview
Ech Legacy Inc is located in Ellwood City, PA. The organization was established in 1956. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ech Legacy 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 06/2021, Ech Legacy Inc generated $10.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (68.1%) each year. All expenses for the organization totaled $90.9k during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ON OCTOBER 31, 2017, THE ASSETS OF ELLWOOD CITY HOSPITAL WERE PURCHASED BY ELLWOOD MEDICAL CENTER OPERATIONS, LLC. THE ELLWOOD CITY HOSPITAL CHANGED ITS NAME TO ECH LEGACY, INC. AS ITS DISSOLVES ITSELF. ECH LEGACY IS WORKING TO DISSOLVE THE REMAINING ASSETS AND LIABILITIES OF THE HOSPITAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ON OCTOBER 31, 2017, THE ASSETS OF ELLWOOD CITY HOSPITAL WERE PURCHASED BY ELLWOOD MEDICAL CENTER OPERATIONS, LLC. THE ELLWOOD CITY HOSPITAL CHANGED ITS NAME TO ECH LEGACY, INC. AS IT DISSOLVES ITSELF. ECH LEGACY IS WORKING TO DISSOLVE THE REMAINING ASSETS AND LIABILITIES OF THE HOSPITAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christy Spoa Chairman | OfficerTrustee | 1 | $0 |
E William Matthews Acting Ceo/cfo | Officer | 35 | $0 |
Dr Mark Schnurer Secretary | Trustee | 0.5 | $0 |
Mark Smith Member | Trustee | 0.5 | $0 |
Lisa Stelter Member | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Waller Landerson Dortch & Davis Llp Legal Services | 6/29/19 | $208,209 |
Ewm Consulting Inc Management Services | 6/29/19 | $146,531 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $10,138 |
| 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 | $10,138 |
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,085 |
| Fees for services: Accounting | $6,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $43,501 |
| Advertising and promotion | $0 |
| Office expenses | $705 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,950 |
| 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 | $93 |
| Insurance | $24,759 |
| All other expenses | $0 |
| Total functional expenses | $90,854 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,329,371 |
| Savings and temporary cash investments | $0 |
| 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 | $23,588 |
| Investments—publicly traded securities | $1,676,639 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,030,619 |
| Accounts payable and accrued expenses | $82,568 |
| 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 | $1,202,709 |
| Total liabilities | $1,285,277 |
| 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 | $2,745,342 |
Endowment Analysis
| Beg. Balance | $359,446 |
| Earnings | -$4,675 |
| Admin Expense | $3,635 |
| Ending Balance | $351,136 |
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|---|---|---|
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Mount Carmel Health System Foundation Columbus, OH | $179,224,370 | $14,161,833 |
Vassar Brothers Hospital Foundation Poughkeepsie, NY | $58,560,925 | $4,051,790 |
Lancaster General Health-Columbia Center Columbia, PA | $7,401,530 | $6,377,144 |
Winton Hills Medical & Health Center Cincinnati, OH | $6,360,553 | $8,445,902 |
Upmc Pittsburgh, PA | $1,349,011 | $2,702,021 |
Penn State Health Hampden Medical Center Hershey, PA | $282,020,516 | $137,789 |
John F Kennedy Memorial Hospital Philadelphia, PA | $1,295,540 | $8,022,206 |
Springvale Health Centers Inc Dover, OH | $4,988,165 | $9,133,270 |
Excela Health Greensburg, PA | $246,966,769 | $11,942,397 |