WELLSPAN PROPERTIES INC

EIN: 222842252 501(c)(3) Housing & Shelter

YORK, PA

Total Revenue
$17,085,067
Total Expenses
$17,427,099
Total Assets
$237,106,108
Net Assets
$34,653,935
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Organization Details

Formation Year
1987
Legal Domicile
PA
Principal Officer
ROXANNA GAPSTUR
Phone
7178513055
Tax Period
2024-07-01 to 2025-06-30

WELLSPAN PROPERTIES INC, founded in 1987, is a mid-sized nonprofit in the Housing & Shelter sector that reported $17.1M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Net assets of $34.7M represent 24 months of operating reserves.

Mission

THE PURPOSE OF WELLSPAN PROPERTIES IS TO DEVELOP MEDICAL CENTERS AND LEASE TO TAX-EXEMPT AFFILIATES.

Program Service Accomplishments

Program 1
Expenses: $16,565,900 Revenue: $16,792,430

WELLSPAN PROPERTIES, INC. ("WP") IS A CHARITABLE CORPORATION THAT SUPPORTS A PARENT COMPANY, WELLSPAN HEALTH ("WSH"), AND RELATED COMPANIES, COLLECTIVELY A HEALTH CARE DELIVERY SYSTEM, IN YORK...

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WELLSPAN PROPERTIES, INC. ("WP") IS A CHARITABLE CORPORATION THAT SUPPORTS A PARENT COMPANY, WELLSPAN HEALTH ("WSH"), AND RELATED COMPANIES, COLLECTIVELY A HEALTH CARE DELIVERY SYSTEM, IN YORK, ADAMS, LANCASTER AND SURROUNDING COUNTIES. AS A COMMUNITY-BASED, NOT-FOR-PROFIT ORGANIZATION, WSH IS DEDICATED TO BEING THE LEADER IN DEVELOPING, DELIVERING AND COORDINATING HEALTH CARE SERVICES, WHICH IMPROVE THE HEALTH AND WELL-BEING OF THE PEOPLE IT SERVES. WSH PROVIDES, THROUGH ITS SUBSIDIARIES, ACCESS TO QUALITY, CONVENIENT AND AFFORDABLE HEALTH CARE THROUGH MORE THAN 250 PATIENT CARE LOCATIONS THAT OFFER SERVICES SUCH AS DIAGNOSTIC IMAGING, LABORATORY TESTING AND ANALYSIS, REHABILITATION, PRIMARY CARE, RETAIL PHARMACY, WALK-IN HEALTH CARE AND OTHER ESSENTIAL SERVICES. THESE SERVICES INCLUDE 47 AMBULATORY CARE AND OUTPATIENT SITES IN YORK, ADAMS, LANCASTER AND SURROUNDING COUNTIES AS WELL AS NORTHERN MARYLAND. WSH ALSO PROVIDES SIX RETAIL PHARMACY SITES, OVER 80 PRIMARY CARE AND SPECIALTY PHYSICIAN OFFICES, OVER 2,500 MEDICAL AND DENTAL STAFF MEMBERS, NINE HOSPITALS WITH MORE THAN 850 BEDS AND MORE THAN 82,000 ANNUAL ADMISSIONS. WSH INCLUDES YORK HEALTH PLAN, D/B/A SOUTH CENTRAL PREFERRED, A PREFERRED PROVIDER ORGANIZATION AND THIRD-PARTY ADMINISTRATOR SERVING 55 EMPLOYERS AND NEARLY 30,000 RESIDENTS OF YORK, ADAMS, CUMBERLAND, DAUPHIN, LEBANON, PERRY AND FRANKLIN COUNTIES. SCP ALSO PROVIDES COMPREHENSIVE WORKSITE WELLNESS SERVICES, THAT INCLUDES AN EMPLOYEE ASSISTANCE PROGRAM (EAP), CURRENTLY SERVING OVER ONE-HUNDRED FIFTY EMPLOYERS WITH MORE THAN 100,000 LIVES. WP SUPPORTS WSH AND ITS MISSION TO IMPROVE THE HEALTH AND WELL-BEING OF THE PEOPLE IT SERVES. WSH WILL ASSUME A LEADERSHIP ROLE AND DEVELOP PARTNERSHIPS WITH OTHER ORGANIZATIONS TO IMPROVE ACCESS TO COORDINATED HIGH-QUALITY COST-EFFECTIVE HEALTH CARE SERVICES, EDUCATE THE HEALTH CARE PROVIDERS OF TOMORROW, PROMOTE HEALTHY LIFESTYLES AND LIFE-LONG WELLNESS AND MAKE ITS LOCAL COMMUNITIES HEALTHIER, MORE DESIRABLE PLACE TO LIVE, WORK AND PLAY. WP, WHICH IS EXEMPT FROM FEDERAL INCOME TAX PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, IS A COMPONENT OF WELLSPAN HEALTH CARE SERVICES ("WHCS"). WP'S PARENT, WHCS, IS ALSO EXEMPT FROM FEDERAL INCOME TAX AND IS THE SOLE MEMBER OF WP. WHCS IS A COMPONENT OF WSH, WHICH IS ALSO EXEMPT FROM FEDERAL INCOME TAX. WP WAS FORMED BY WSH AS A MEANS OF HANDLING REAL ESTATE TRANSACTIONS FOR FACILITIES TO BE USED IN FURTHERING WSH'S MISSION OF IMPROVING ACCESS TO COORDINATED, HIGH-QUALITY, COST-EFFECTIVE AND COMPASSIONATE HEALTHCARE SERVICES. WP TAKES ADVANTAGE OF TAX-EXEMPT BOND POOLS TO FINANCE THE PURCHASE OR CONSTRUCTION OF FACILITIES USED FOR THIS PURPOSE. WP, A PENNSYLVANIA NOT-FOR-PROFIT, GENERATES ITS REVENUE BY CHARGING RENT FOR ITS FACILITIES. WP'S PURPOSE IS TO SUPPORT WSH AND ITS AFFILIATES TO IMPROVE THE HEALTH AND WELL-BEING OF THE PEOPLE IT SERVICES. WP SUPPORTS IT'S 501(C)(3) WSH AFFILIATES, INCLUDING YORK HOSPITAL, GETTYSBURG HOSPITAL, WELLSPAN MEDICAL GROUP, THE GOOD SAMARITAN HOSPITAL OF LEBANON PENNSYLVANIA, EPHRATA COMMUNITY HOSPITAL, VNA HOME HEALTH SERVICES AND VNA COMMUNITY SERVICES, EACH OF WHICH IS A SECTION 501(C)(3) ORGANIZATION AND A PUBLIC CHARITY AS DESCRIBED IN SECTION 509(A)(1) OR 509(A)(2) OF THE CODE. ALL OF THE SUPPORTED AFFILIATED ORGANIZATIONS ARE PURELY PUBLIC CHARITIES AND EXEMPT FROM PENNSYLVANIA SALES TAX. ALL LEASES WERE AT FAIR MARKET VALUE.SEE WELLSPAN HEALTH - 2025 COMMUNITY BENEFIT REPORT LOCATED AT HTTPS://WWW.WELLSPAN.ORG/ABOUT-WELLSPAN/IMPROVING-HEALTHY-COMMUNITIES/COMMUNITY-BENEFIT.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $16,792,430
Investment Income $292,637
Other Revenue $0
TOTAL REVENUE $17,085,067

Expense Breakdown

Grants Paid $740,229
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $16,565,900
Other Expenses $16,686,870
TOTAL EXPENSES $17,427,099

Year-over-Year Comparison

2024 2023 Change
Revenue $17,085,067 $18,755,880 -0.1%
Expenses $17,427,099 $17,914,016 0.0%
Net Income $-342,032 $841,864 -1.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
N/A
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$7,060,475
Total Directors
9
$8,410,745
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEITH NOLL CHAIR, SR VP & CHIEF ADMIN OFFICER 1.00
Officer Director
$0 $53,265 $802,567
ANDREW WALKER ASST. TREASURER, SVP FIN. & TREASURY 1.00
Officer Director
$0 $35,956 $512,996
VIPUL BHATIA DIRECTOR (UNTIL JAN. '25) 1.00
Director
$0 $36,507 $582,512
ERIN PICA DIRECTOR (UNTIL JAN. '25) 1.00
Director
$0 $53,768 $437,635
KEITH SMITH ASST. SEC, SVP & CHIEF LEGAL OFFICER 1.00
Officer Director
$0 $47,703 $457,178
ROXANNA GAPSTUR PHD RN PRESIDENT & CEO - WELLSPAN HEALTH 1.00
Officer Director
$0 $52,133 $3,176,598
LAURA BUCZKOWSKI EXECUTIVE VP & CFO - WELLSPAN HEALTH 1.00
Officer Director
$0 $53,169 $1,408,553
KASEY PAULUS VICE CHAIR, EXECUTIVE VP & COO 1.00
Officer Director
$0 $53,983 $702,583
RUSSELL ALBERT DIRECTOR 1.00
Director
$0 $41,384 $330,123
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $17,085,067 $17,427,099 $237,106,108 $-342,032
2024 No data No data No data No data
2023 $27,022,631 $24,798,969 $200,160,664 $2,223,662
2022 $20,537,040 $15,964,013 $180,717,272 $4,573,027
2021 $19,225,192 $18,200,900 $178,389,137 $1,024,292
2020 $17,673,519 $15,347,601 $169,630,675 $2,325,918
2019 $15,090,503 $13,843,811 $157,417,570 $1,246,692
2018 $14,767,757 $14,922,062 $125,667,343 $-154,305
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