WELLSPAN MEDICAL GROUP

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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

1993

Legal Domicile

Principal Officer

ROXANNA GAPSTUR

Phone

7178513055

Tax Period

2024-07-01 to 2025-06-30

WELLSPAN MEDICAL GROUP, founded in 1993, is a large national nonprofit in the Health Care sector that reported $1.2B in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

THE WELLSPAN MEDICAL GROUP WAS FOUNDED AND OPERATES ON THE BELIEF THAT A LARGE, WELL-ORGANIZED GROUP PRACTICE, BASED ON PRIMARY AND PREVENTIVE CARE, AND WORKING COLLABORATIVELY AS PART OF AN INTEGRATED HEALTH CARE DELIVERY SYSTEM, CAN DELIVER A SUPERIOR STANDARD OF CARE. ITS MISSION IS TO PROMOTE AND TO PROVIDE QUALITY, COST-EFFECTIVE HEALTH CARE SERVICES WHICH SEEK TO IMPROVE THE HEALTH STATUS OF THE COMMUNITY. THE MEDICAL GROUP PROVIDES CARE WITHOUT REGARD FOR AN INDIVIDUAL'S HEALTH STATUS OR ABILITY TO PAY.

Program Service Accomplishments

Program 1

Expenses: $1,182,689,177 Revenue: $1,149,133,123

WELLSPAN MEDICAL GROUP, WHICH DOES NOT CONTEMPLATE PECUNIARY GAIN OR PROFIT, INCIDENTAL OR OTHERWISE, WAS FORMED FOR THE PURPOSES OF FURTHERING THE CHARITABLE PURPOSES OF WELLSPAN HEALTH, AND...

WELLSPAN MEDICAL GROUP, WHICH DOES NOT CONTEMPLATE PECUNIARY GAIN OR PROFIT, INCIDENTAL OR OTHERWISE, WAS FORMED FOR THE PURPOSES OF FURTHERING THE CHARITABLE PURPOSES OF WELLSPAN HEALTH, AND PROMOTING THE PROVISION OF HEALTH CARE SERVICES IN SOUTH CENTRAL PENNSYLVANIA, INCLUDING YORK AND ADAMS COUNTIES, BY PROVIDING CLINICALLY EFFECTIVE HEALTH CARE SERVICES, INCLUDING PROFESSIONAL HEALTH CARE SERVICES, IN A COST EFFECTIVE MANNER IN SETTINGS APPROPRIATE TO PATIENT AND PAYOR NEEDS, UNDER A VARIETY OF HEALTH CARE FINANCING ARRANGEMENTS; ENHANCING THE CONTINUITY AND QUALITY OF HEALTH CARE SERVICES PROVIDED TO PATIENTS; ENSURING THE CONTINUED LOCAL PATIENT ACCESS TO HEALTH CARE SERVICES; ENHANCING THE HEALTH STATUS OF THE COMMUNITIES SERVED BY WELLSPAN HEALTH; EFFECTIVELY RESPONDING TO CHANGING PAYOR REQUIREMENTS; ACHIEVING EXCELLENCE IN CLINICAL INNOVATIONS, SERVICE, QUALITY, COST AND OUTCOMES; AND ACHIEVING OPERATING EFFICIENCIES, SUCH AS CONTAINING AND REDUCING COSTS AND AVOIDING UNNECESSARY DUPLICATION OF SERVICES AND EQUIPMENT, THEREBY UTILIZING RESOURCES MORE EFFECTIVELY.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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $778,020

Program Service Revenue $1,149,245,243

Investment Income $2,060,087

Other Revenue $1,273,101

TOTAL REVENUE $1,153,356,451

Expense Breakdown

Grants Paid $2,080

Salaries & Benefits $1,001,857,270

Fundraising Expenses $0

Program Expenses $1,182,689,177

Other Expenses $248,507,686

TOTAL EXPENSES $1,250,367,036

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,153,356,451	$1,032,540,613	+0.1%
Expenses	$1,250,367,036	$1,164,479,139	+0.1%
Net Income	$-97,010,585	$-131,938,526	-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

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

6133

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

$8,581,060

Total Directors

$14,049,125

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY AQUILINA DO	EXEC. VP & CHIEF PHYSICIAN EXECUTIVE	1.00	Officer Director	$0	$52,878	$1,295,123
TARA ASSI PA-C	DIRECTOR	40.00	Director	$177,842	$45,052	$222,894
AMBER BILLET MD	DIRECTOR	40.00	Director	$379,436	$48,437	$427,873
ALMIRA CONTRACTOR MD	CHAIR	40.00	Officer Director	$275,130	$48,989	$324,119
JULIAN ESTEBAN MD	DIRECTOR	40.00	Director	$739,343	$52,059	$791,402
STEPHEN FLACK MD	VICE CHAIR	40.00	Officer Director	$622,655	$54,033	$676,688
LESLEY HUGHES MD	DIRECTOR	40.00	Director	$578,934	$37,751	$616,685
ROBERT KNIPE DO	DIRECTOR	40.00	Director	$846,876	$54,006	$900,882
ROBERT PARGAMENT MD	DIRECTOR	40.00	Director	$314,316	$51,353	$365,669
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
AMY NELSON	SECRETARY/SR VP & GENERAL COUNSEL	1.00	Officer Director	$0	$74,125	$947,745
DUANE BRITTON	DIRECTOR	1.00	Director	$0	$0	$0
LARRY MILLER	DIRECTOR	1.00	Director	$0	$0	$0
SRIKANTH HOSUR MD	DIRECTOR	1.00	Director	$0	$37,105	$695,288
VALERIE DORCELUS MD	DIRECTOR	40.00	Director	$395,282	$36,945	$432,227
WILLIAM GUNNETT DO	DIRECTOR	40.00	Director	$960,479	$54,152	$1,014,631
JOHN NAWA MD	DIRECTOR	40.00	Director	$701,297	$51,451	$752,748
DAVID VEGA MD	SR VP & CHIEF MEDICAL OFFICER	40.00	Officer	$0	$57,447	$752,234
MATTHEW SINGLETON MD	ELECTROPHYSIOLOGIST	40.00	Highest	$2,022,058	$54,649	$2,076,707
JOEL WINER MD	NEUROSURGEON	40.00	Highest	$2,025,803	$63,997	$2,089,800
PAWEL OCHALSKI MD	NEUROSURGEON	40.00	Highest	$1,975,002	$47,536	$2,022,538
GRANT SORKIN MD	NEUROSURGEON	40.00	Highest	$1,946,027	$54,560	$2,000,587
MUHAMMAD NIAZI MD	NEUROLOGIST	40.00	Highest	$1,892,785	$55,237	$1,948,022
FARAAZ YOUSUF	FORMER EXECUTIVE VP & COO	0.00		$0	$37,354	$1,093,939

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	$1,153,356,451	$1,250,367,036	$225,839,653	$-97,010,585
2024	$1,032,540,613	$1,164,479,139	$148,252,237	$-131,938,526
2023	$858,656,894	$949,316,339	$198,830,607	$-90,659,445
2022	$767,764,154	$835,042,653	$159,949,293	$-67,278,499
2021	$745,783,571	$761,993,720	$140,592,269	$-16,210,149
2020	$640,975,998	$653,409,896	$128,785,364	$-12,433,898
2019	$614,317,277	$599,962,964	$81,376,635	$14,354,313
2018	$559,442,088	$553,281,098	$68,219,873	$6,160,990