HARRISBURG, PA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)UPMC PINNACLE FOUNDATION, founded in 1985, is a mid-sized nonprofit in the Health Care sector that reported $19.4M in total revenue in fiscal year 2023. Revenue surged 319% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.9M, a strong 25% operating margin.
THROUGH CHARITABLE GIVING, THE UPMC PINNACLE FOUNDATION SUPPORTS COMMUNITY BENEFIT AND EDUCATION PROGRAMS, NEEDS OF OUR HOSPITALS, AND PROVIDES RESOURCES THAT IMPROVE ACCESS AND THE QUALITY OF CARE THROUGHOUT UPMC PINNACLE.
UPMC PINNACLE FOUNDATION ("THE FOUNDATION") IS A 501(C)(3) NONPROFIT ORGANIZATION THAT ENGAGES IN INVESTMENT AND FUNDRAISING ACTIVITIES FOR THE BENEFIT OF RELATED TAX-EXEMPT ORGANIZATIONS. THROUGH...
UPMC PINNACLE FOUNDATION ("THE FOUNDATION") IS A 501(C)(3) NONPROFIT ORGANIZATION THAT ENGAGES IN INVESTMENT AND FUNDRAISING ACTIVITIES FOR THE BENEFIT OF RELATED TAX-EXEMPT ORGANIZATIONS. THROUGH INVESTMENT AND FUNDRAISING ACTIVITIES, UPMC PINNACLE FOUNDATION SUPPORTS A WIDE SPECTRUM OF HEALTH CARE AND WELLNESS SERVICES DESIGNED TO IMPROVE ACCESS TO CARE, REDUCE BARRIERS TO TREATMENT AND IMPROVE OVERALL HEALTH AND QUALITY OF LIFE FOR THE REGION. FOUNDATION ALSO FUNDS SUPPORT AND UNDER-GIRD TECHNOLOGICAL INNOVATION AND DIRECTLY IMPACTS THE MANY NEEDS OF VULNERABLE, UNINSURED AND UNDERINSURED POPULATIONS.SEE SCHEDULE OWITH MORE THAN 200 DIFFERENT FUNDS THAT BENEFIT THE HOSPITALS AS WELL AS THE COMMUNITY, THE UPMC PINNACLE FOUNDATION INVESTS LOCALLY IN THE RESOURCES AND PEOPLE WHO CONTINUALLY MAKE THE LIFE-CHANGING MEDICINE OF UPMC IN CENTRAL PA A REALITY. ALL MONEY RAISED BY UPMC PINNACLE FOUNDATION REMAINS IN CENTRAL PENNSYLVANIA TO SUPPORT PROGRAMS AND SERVICES AT UPMC IN CENTRAL PA.THE FOUNDATION HAS IDENTIFIED THREE KEY PILLARS THAT ADDRESS THE MOST URGENT NEEDS OF THE CENTRAL PA. HOSPITALS, PATIENTS, AND COMMUNITY: PATIENT AND COMMUNITY SUPPORT, HEALTH AND WELLNESS, AND WORKFORCE DEVELOPMENT. THESE EFFORTS TOTALED MORE THAN $1,750,000 IN FY 2024.FUNDS TO SUPPORT PATIENT AND COMMUNITY NEEDS COVERED EXPENSES SUCH AS PATIENT TRANSPORTATION, MEDICATIONS, RENT, MORTGAGE, UTILITIES, INSURANCE CO-PAYS, GENETIC COUNSELING AND PALLIATIVE CARE FOR PATIENTS LACKING THE RESOURCES TO COVER THESE COSTS. THE FOUNDATION PROVIDED FUNDING FOR VARIOUS HEALTH AND WELLNESS ACTIVITIES LIKE MUSIC AND ART THERAPY PROGRAMS, SPIRITUAL CARE, PEDIATRIC REHABILITATION EQUIPMENT, INTEGRATED ONCOLOGY, AND TRAINING EQUIPMENT. WORKFORCE DEVELOPMENT EFFORTS THROUGHOUT THE REGION BENEFITED IN FOUNDATION SUPPORT THROUGH STAFF CONFERENCES AND TRAINING, NURSING AND HEALTH CARE PROFESSIONAL SCHOLARSHIPS, SERVICE LINE RELATED EDUCATION SUPPORT AND EQUIPMENT, MEDICAL ASSISTANT EXAM FEES, SHADYSIDE SCHOOL OF NURSING STUDENT SCHOLARSHIPS AND EMPLOYEE RECOGNITION EVENTS.
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)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $19,430,531 | $4,641,491 | +3.2% |
| Expenses | $14,561,209 | $10,951,755 | +0.3% |
| Net Income | $4,869,322 | $-6,310,264 | -1.8% |
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 |
|---|---|---|---|---|---|---|
| DAVID GIBBONS | PRESIDENT | 5.00 |
Officer
Director
|
$0 | $140,493 | $1,347,033 |
| JULIE TROGNER | IMMEDIATE PAST CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ROBIN ZELLERS | BOARD CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KURT TWIFORD | BOARD VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| EDWARD BLACK | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| VINCE CHAMPION | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| YASMINE COLEMAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ABIGAIL FORTINO | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BRIAN GRETH | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KRISTEN HOLLINGER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DANIELLE LADIE MD | DIRECTOR/TRANSPLANT SURGEON | 1.00 |
Director
|
$0 | $36,015 | $530,957 |
| DOUGLAS NEIDICH | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ARELIS PEREZ | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JULIANNE RICH MD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| URSULA SIVERLING | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LEIGH ANN WILSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DANIEL KAMBIC DO | DIRECTOR/PHYSICIAN | 1.00 |
Director
|
$0 | $42 | $222 |
| JOSEPH IANDOLO | DIRECTOR/VP, OPERATIONS UPMC MEMORIAL | 1.00 |
Director
|
$0 | $28,663 | $275,621 |
| REBECCA MCCLURE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DR TIMOTHY DEIMLING | DIRECTOR/PHYSICIAN | 1.00 |
Director
|
$0 | $22,835 | $446,451 |
| ANN GORMLEY | DIRECTOR/VP, HUMAN RESOURCES | 1.00 |
Director
|
$0 | $86,066 | $673,237 |
| MARCUS HITE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CHRISTOPHER YOUNG | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JAN LANG | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MARY WESTON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LOUIS BAVERSO | PRESIDENT & COO (R 9/23) | 1.00 |
Officer
Director
|
$0 | $65,783 | $851,386 |
| ANDREA JONES | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| GREG MITSTIFER | TREASURER & CFO | 5.00 |
Officer
|
$0 | $47,616 | $298,898 |
| AMANDA MORGAN | ASSISTANT TREASURER | 1.00 |
Officer
|
$0 | $41,705 | $276,009 |
| CHRISTINE MILLER ESQ | SECRETARY/ASSOC. COUNSEL | 5.00 |
Officer
|
$0 | $77,031 | $504,921 |
| KERRY MALONEY | ASSISTANT SECRETARY | 5.00 |
Officer
|
$0 | $44,942 | $243,718 |
| JESSICA RITCHIE | CDO & PRESIDENT | 40.00 |
Highest
|
$230,629 | $31,120 | $261,749 |
| PHILIP W GUARNESCHELLI | FMR PRESIDENT & CEO (R 9/22) | 0.00 |
|
$0 | $24,232 | $1,152,327 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $19,430,531 | $14,561,209 | $151,318,027 | $4,869,322 |
| 2023 | $4,641,491 | $10,951,755 | $137,660,118 | $-6,310,264 |
| 2022 | $8,189,149 | $13,838,081 | $143,289,508 | $-5,648,932 |
| 2021 | $10,550,659 | $10,786,972 | $153,865,644 | $-236,313 |
| 2020 | $2,515,951 | $2,169,632 | $114,048,254 | $346,319 |
| 2019 | $2,425,359 | $2,550,139 | $122,328,133 | $-124,780 |
| 2018 | $19,274,499 | $1,850,895 | $111,413,411 | $17,423,604 |
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