PRESBYTERIAN MULTI-SPECIALTY GROUP PRACTICE

EIN: 232723154 501(c)(3)

PHILADELPHIA, PA

Total Revenue
$1,522,044
Total Expenses
$399,642
Total Assets
N/A
Net Assets
N/A
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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
1995
Legal Domicile
PA
Principal Officer
MICHELE M VOLPE
Phone
2158988967
Tax Period
2020-07-01 to 2021-06-30

PRESBYTERIAN MULTI-SPECIALTY GROUP PRACTICE, founded in 1995, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2020. Revenue fell 47% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.1M, a strong 74% operating margin.

Mission

PROVISION OF CHARITABLE HEALTH CARE SERVICES

Program Service Accomplishments

Program 1
Expenses: $359,819 Revenue: $1,522,044

STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS PRESBYTERIAN MULTI-SPECIALITY GROUP PRACTICE ("PMSGP") IS PART OF THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM ("UPHS"). PMSGP PROVIDES HEALTH CARE...

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STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS PRESBYTERIAN MULTI-SPECIALITY GROUP PRACTICE ("PMSGP") IS PART OF THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM ("UPHS"). PMSGP PROVIDES HEALTH CARE SERVICES TO PATIENTS OF THE ORGANIZATION AND OF UPHS. IN KEEPING WITH ITS CHARITABLE PURPOSE, UPHS ACCEPTS PATIENTS IN SERIOUS NEED OF MEDICAL CARE REGARDLESS OF THEIR FINANCIAL STATUS. UPHS MAINTAINS RECORDS TO IDENTIFY AND MONITOR LEVELS OF CHARITY CARE PROVIDED, INCLUDING THE AMOUNT OF PAYMENT FORGONE, BASED ON ESTABLISHED RATES, FOR SERVICES AND SUPPLIES FURNISHED UNDER ITS CHARITY CARE POLICY. UPHS ALSO PROVIDES CARE TO PATIENTS WHO DO NOT HAVE HEALTH INSURANCE OR MEET THE CRITERIA TO QUALIFY FOR ITS CHARITY CARE POLICY, AND CERTAIN AMOUNTS CHARGED FOR SUCH SERVICES ARE DEEMED TO BE UNCOLLECTIBLE. FOR FY21, UPHS PROVIDED $324 MILLION IN CHARITY AND UNDERFUNDED CARE FOR MEDICAID FAMILIES. ADDITIONALLY, FOR THE SAME FISCAL YEAR, PENN PRESBYTERIAN ADMITTED 17,828 ADULT PATIENTS AND HAD 282,395 OUTPATIENT VISITS. ------------------------------

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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 (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,522,044
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,522,044

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $359,819
Other Expenses $399,642
TOTAL EXPENSES $399,642

Year-over-Year Comparison

2020 2019 Change
Revenue $1,522,044 $2,865,700 -0.5%
Expenses $399,642 $1,299,296 -0.7%
Net Income $1,122,402 $1,566,404 -0.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
3
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
3
$1,698,097
Total Directors
3
$1,698,097
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHELE M VOLPE BOARD MEMBER, CEO 1.0
Officer Director
$0 $12,057 $933,088
ANTHONY ZUMPANO BOARD MEMBER, CONTROLLER 1.0
Officer Director
$0 $18,095 $411,930
ROBERT JRUSSELLMPANHAFACHE BOARD MEMBER 1.0
Officer Director
$0 $20,328 $353,079
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
2021 $1,522,044 $399,642 No data $1,122,402
2020 $2,865,700 $1,299,296 No data $1,566,404
2019 $2,770,548 $1,207,103 No data $1,563,445
2018 $2,999,881 $1,206,526 No data $1,793,355
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