UPMC HANOVER

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1924

Legal Domicile

Principal Officer

GREG MITSTIFER

Phone

7172318907

Tax Period

2023-07-01 to 2024-06-30

UPMC HANOVER, founded in 1924, is a major nonprofit in the Health Care sector that reported $233.2M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $209.1M left a modest 10% surplus.

Mission

UPMC HANOVER IS A NOT-FOR-PROFIT COMMUNITY HOSPITAL WHICH IS DEDICATED TO THE PROMOTION OF WELLNESS, PRESERVATION OF HEALTH, AND THE PROVISION OF DIAGNOSTIC AND THERAPEUTIC SERVICES TO THE PEOPLE OF THE GREATER HANOVER AREA WHICH ENCOMPASSES A PRIMARY SERVICE AREA OF TEN-MILE RADIUS AND A SECONDARY RADIUS OF 15 MILES. UPMC HANOVER STRIVES BE THE PROVIDER OF CHOICE FOR HOSPITAL SUPPORTED ACUTE CARE, DIAGNOSTIC, THERAPEUTIC, REHABILITATIVE, AND WELLNESS SERVICES REQUIRED TO SUPPORT OUR NETWORK OF CARE.

Program Service Accomplishments

Program 1

Expenses: $193,154,812 Revenue: $231,267,266

UPMC HANOVER ("THE HOSPITAL") IS PART OF UPMC IN CENTRAL PA. (UPMC PINNACLE), A DIVISION OF UPMC. UPMC IS A WORLD-RENOWNED NONPROFIT HEALTH CARE PROVIDER AND INSURER WITH 100,000 EMPLOYEES- INCLUDING MORE THAN 5,000 PHYSICIANS- CARING FOR PATIENTS ACROSS MORE THAN 40 HOSPITALS AND 800 OUTPATIENT SITES IN PENNSYLVANIA, NEW YORK, AND MARYLAND, AS WELL AS OVERSEAS. UPMC INSURANCE SERVICES COVERS MORE THAN 4 MILLION MEMBERS. SEE SCHEDULE O

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,134,060

Program Service Revenue $231,331,504

Investment Income $-834,940

Other Revenue $591,123

TOTAL REVENUE $233,221,747

Expense Breakdown

Grants Paid $73,025

Salaries & Benefits $90,315,613

Fundraising Expenses $0

Program Expenses $193,154,812

Other Expenses $118,730,796

TOTAL EXPENSES $209,119,434

Year-over-Year Comparison

	2023	2022	Change
Revenue	$233,221,747	$215,553,437	+0.1%
Expenses	$209,119,434	$196,035,366	+0.1%
Net Income	$24,102,313	$19,518,071	+0.2%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

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

Governance

Voting Members

Independent Members

Employees

1206

Volunteers

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

$2,173,505

Total Directors

$6,960,590

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREG MITSTIFER	CFO	1.00	Officer Director	$0	$47,616	$298,898
MICHAEL W GASKINS	PRESIDENT, UPMC HANOVER	40.00	Officer Director	$659,733	$86,959	$746,692
JOHN-PAUL LUNN ESQ	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
VANESSA BERGER	BOARD VICE CHAIR	1.00	Officer Director	$0	$0	$0
KARA M DARLINGTON CPA	SECRETARY	1.00	Officer Director	$0	$0	$0
KEVIN MALONEY	TREASURER	1.00	Officer Director	$0	$0	$0
ALAN J STOCK	BOARD MEMBER	1.00	Director	$0	$0	$0
BARBARA A RUPP	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES P HELT	BOARD MEMBER	1.00	Director	$0	$0	$0
JILL R ROHRBAUGH	BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL F SPEARS MD	BOARD MEMBER	1.00	Director	$0	$0	$0
TINA FRANK CARROLL	BOARD MEMBER	1.00	Director	$0	$33,905	$261,675
JASON MARX	BOARD MEMBER	1.00	Director	$0	$83,664	$777,475
JOHN GOLDMAN MD	BOARD MEMBER	1.00	Director	$0	$77,525	$645,002
NICOLAS HABIB MD	BOARD MEMBER	1.00	Director	$0	$25,912	$638,009
DAVID GIBBONS	BOARD MEMBER	1.00	Director	$0	$140,493	$1,347,033
DAVID MARTIN	BOARD MEMBER (R 2/24)	1.00	Director	$0	$152,329	$1,394,420
LOUIS BAVERSO	BOARD MEMBER (R 9/23)	1.00	Officer Director	$0	$65,783	$851,386
DONNA MULLER	ASSISTANT TREASURER	1.00	Officer	$0	$19,360	$276,529
MICHAEL A HOCKENBERRY	VP, OPERATIONS	40.00	Highest	$306,648	$33,189	$339,837
ASHLEY WILL	PROFESSIONAL STAFF NURSE, EXPERT, BSN	40.00	Highest	$219,041	$13,592	$232,633
ANDREW RINEHART	CLINICAL STAFF PHARMACIST II	40.00	Highest	$186,012	$17,801	$203,813
NANCY ESCHRICH	PHARMACIST	40.00	Highest	$176,489	$15,825	$192,314
DANIELLE LEMMON	PHARMACIST	40.00	Highest	$174,002	$18,034	$192,036
PHILIP W GUARNASCHELLI	FMR PRESIDENT AND CEO (R 9/22)	0.00		$0	$24,232	$1,152,327

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
2024	$233,221,747	$209,119,434	$113,563,417	$24,102,313
2023	$215,553,437	$196,035,366	$111,719,618	$19,518,071
2022	$199,955,250	$174,010,244	$110,789,303	$25,945,006
2021	$185,533,013	$164,737,942	$107,997,217	$20,795,071
2019	$174,222,904	$168,505,083	$128,278,977	$5,717,821
2018	$164,986,155	$157,641,897	$184,143,322	$7,344,258