Wayne Memorial Health System Inc
Nonprofit profile at a glance
- EIN
- 232221292
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Honesdale, PA, USA
- Phone
- 5702538100
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Hospital, General
Reported finances
- Revenue
- $1,631,213
- Expenses
- $1,549,526
- Assets
- $12,423,523
- Liabilities
- $1,181,566
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
24 people listed
Executive titles in this filing
- JAMES PETTINATO (CHIEF EXECUTIVE OFFICER)
Highest reported compensation
- DR SEAN MCVEIGH (TRUSTEE/CHIEF OF MEDICAL STAFF): $607,545 total reported compensation
- JAMES PETTINATO (CHIEF EXECUTIVE OFFICER): $407,931 total reported compensation
- PATRICIA DUNSINGER (CHIEF FINANCIAL OFFICER): $224,486 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Wayne memorial health system strives to be the provider of first choice for community health care in wayne, pike, and susquehanna counties, and the greater carbondale and forest city regions of northeast Pennsylvania.
What it reported doing in 2024
Wayne memorial health system promotes the health of those who live in the community it serves in wayne, susquehanna, and pike counties, Pennsylvania, as the sole member of wayne memorial hospital, wayne memorial long-term care, the wayne memorial health foundation, and barnes-kasson county hospital. The health system's largest program services by expense stem from wayne memorial hospital and wayne memorial long-term care. Wayne memorial hospital is a non-profit 90-bed acute care hospital with an emergency department that is open 24 hours per day. The hospital also operates 14 beds dedicated to inpatient rehabilitation. The hospital is the only hospital in wayne county, a rural area with an aging population that offers charity care at reduced rates or without charge for those who cannot afford services and who meet certain criteria. (see on schedule o)
Operating model
- Revenue model
- Other-operating. 100% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 72
- Transparency & Controls: 83
- Accountability: 96
- Sustainability: 55
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 79.4%; rating input score 79
- Program expense ratio: 83.6%; rating input score 84
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 92.9%; rating input score 93; 24th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 5%; rating input score 50; 50th percentile among comparable filings
- Total-asset coverage ratio: 8.02; rating input score 90; 90th percentile among comparable filings
- Liabilities to assets ratio: 0.1; rating input score 43; 43rd percentile among comparable filings
- Officer compensation ratio: 78.3%; rating input score 1; 1st percentile among comparable filings
Growth
- Program expense growth: -0.7% per year; rating input score 0; 16th percentile among comparable filings
- Revenue growth: -1.1% per year; rating input score 0; 11th percentile among comparable filings
- Asset growth: 9.9% per year; rating input score 100; 58th percentile among comparable filings
Details
- Where the money goes: 79.4% of revenue deployed · 83.6% of spending went to programs
- Governance: 13 of 14 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $1.3M in reported program spending
- Leadership: top reported pay $608K · 24 people listed · 3 of 6 pay-setting controls reported
- Consistency: 25 of 25 current checks pass
- Schedules: 5 filed schedules · includes executive pay and related organizations
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 5 filed money-flow records
- Related organizations: 5 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Sustainability: Operating margin scored 50/100.
- High — Sustainability: Officer compensation ratio scored 1/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 43/100.