PRESBYTERIAN MEDICAL CENTER OF THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM

EIN: 232810852 501(c)(3) Health Care

PHILADELPHIA, PA

Total Revenue
$1,228,381,390
Total Expenses
$1,175,954,738
Total Assets
$947,222,243
Net Assets
$688,469,822
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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
PA
Principal Officer
ROBERT J RUSSELL
Phone
2156624868
Tax Period
2022-07-01 to 2023-06-30

PRESBYTERIAN MEDICAL CENTER OF THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM, founded in 1995, is a large national nonprofit in the Health Care sector that reported $1.2B in total revenue in fiscal year 2022. Expenses of $1.2B left a modest 4% surplus.

Mission

PROVISION OF CHARITABLE HEALTHCARE SERVICES.

Program Service Accomplishments

Program 1
Expenses: $1,084,600,564 Revenue: $1,212,510,294

DETAIL OF PROGRAM SERVICE ACCOMPLISHMENTS PRESBYTERIAN MEDICAL CENTER (PPMC OR PENN PRESBYTERIAN) IS A 399-BED ACADEMIC MEDICAL CENTER, WHICH IS PART OF THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM...

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DETAIL OF PROGRAM SERVICE ACCOMPLISHMENTS PRESBYTERIAN MEDICAL CENTER (PPMC OR PENN PRESBYTERIAN) IS A 399-BED ACADEMIC MEDICAL CENTER, WHICH IS PART OF THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM (UPHS). PPMC'S SPECIALTIES INCLUDE ANESTHESIA, DERMATOLOGY, EMERGENCY MEDICINE, MEDICAL IMAGING, MEDICINE, NEUROLOGY, GYNECOLOGY, OPHTHALMOLOGY, SURGERY, ORTHOPEDIC SURGERY AND CARDIOLOGY. 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. IN FY2023, UPHS PROVIDED $392.8 MILLION IN CHARITY AND UNDERFUNDED CARE FOR MEDICAID FAMILIES. ADDITIONALLY, FOR THE SAME FISCAL YEAR, PENN PRESBYTERIAN ADMITTED 17,314 ADULT PATIENTS, HAD 310,845 OUTPATIENT VISITS, AND 50,059 EMERGENCY ROOM VISITS. I. COMMUNITY OUTREACH > PENN TRAUMA IS COMMITTED TO THE COMMUNITY IMMEDIATELY SURROUNDING PENN PRESBYTERIAN. REPRESENTATIVES FROM PENN TRAUMA SEEK TO DECREASE TRAUMA THROUGH COMMUNITY EDUCATION AND INTERVENTION. THE FOLLOWING COMMUNITY BENEFIT ACTIVITIES WERE LOGGED FOR FY23. 63 STOP THE BLEED TRAININGS WERE HELD IN THE SURROUNDING REGION WITH THE VAST MAJORITY OF TRAININGS HELD IN THE IMMEDIATE SERVICE AREA OF WEST AND SOUTHWEST PHILADELPHIA.1,064 RESIDENTS WERE TRAINED AT THESE EVENTS HOSTED IN COLLABORATION WITH COMMUNITY-BASED ORGANIZATIONS. 4 OF THESE TRAININGS WERE SKILLS ONLY. PARTICIPATION IN COMMUNITY EVENTS: 7/15/2022: 16TH DISTRICT COMMUNITY DAY, PARTICIPATED IN HEALTH FAIR WITH TABLE-TOP STOP THE BLEED SESSIONS (SKILLS ONLY), AND DISTRIBUTED GUN LOCKS WITH SAFE GUN HANDLING INFORMATION. 7/21/2022 SHOT: WE THE MOTHERS, SAUNDERS PARK, UNVEILED ON 7/21/22 AT SAUNDERS PARK, BEHIND PPMC. PART OF A LARGER MULTIMEDIA PROJECT BRINGING AWARENESS TO GUN VIOLENCE BY SHOWCASING GUN VIOLENCE SURVIVORS AND VICTIMS ACROSS THE U.S. THIS EXHIBIT FEATURED MOTHERS WHO HAVE LOST CHILDREN TO GUN VIOLENCE. 9/30/2022 UPENN: AN OUNCE OF PREVENTION, EDUCATED UPENN STUDENTS AND COMMUNITY ON ALCOHOL CONSUMPTION, STATE AMNESTY LAW PROTECTING UNDERAGE INDIVIDUALS WHEN THEY NEED TO CALL 911 TO HELP AN INDIVIDUAL WITH ALCOHOL INTOXICATION. 11/12/2022: PENN TRAUMA HEALTH CAREERS DAY, PRESENTED TO YOUTH PATRONS FROM W PHILADELPHIA YMCA ABOUT CAREER OPTIONS IN HEALTH CARE, INCLUDING PERSONAL STORIES OF THEIR NON-TRADITIONAL PATHS TAKEN TO GET TO WHERE THEY ARE TODAY. 1/16/2023: LANCASTER AVE CORRIDOR MLK DAY HEALTH FAIR, PARTICIPATED IN HEALTH FAIR WITH TABLE-TOP STOP THE BLEED SESSIONS (SKILLS ONLY), AND DISTRIBUTED GUN LOCKS WITH SAFE GUN HANDLING INFORMATION. 1/16/2023: 52ND AND MARKET STREETS WITH THE PHILADELPHIA POLICE 18TH DISTRICT, PARTICIPATED IN HEALTH FAIR WITH TABLE-TOP STOP THE BLEED SESSIONS (SKILLS ONLY), AND DISTRIBUTED GUN LOCKS WITH SAFE GUN HANDLING INFORMATION. 3/23/2023: MARCH FOR OUR LIVES: PENNSYLVANIA ADVOCACY DAY, MEMBERS OF OUR TRAUMA TEAM, INCLUDING TRAUMA PROGRAM MANAGER, INJURY PREVENTION COORDINATOR, AND SURGEONS WENT TO HARRISBURG AS PART OF THE MARCH FOR OUR LIVES. WE MET WITH LAWMAKERS ASKING FOR THE CO-SPONSORING OF BILLS THAT WILL SAVE LIVES: 1. LOST AND STOLEN GUN REPORTING; 2. SAFE FIREARM STORAGE; 3. EXTREME RISK PROTECTION ORDERS; 4. UNIVERSAL BACKGROUND CHECKS. 5/6/2023: PENN MED NURSES WEEK COMMUNITY DAY AT MALCOLM X PARK, DEMONSTRATED STOP THE BLEED TO 130 INDIVIDUALS AND ENCOURAGED PARTICIPATION IN FULL CLASSES. PROVIDED BIKE SAFETY INFORMATION, REFLECTORS, AND HELMETS WITH FITTING TO 26 INDIVIDUALS. 5/18/2023: HIGH SCHOOL CAREER DAY, HOSTED A CAREER DAY FOR 30 HIGH SCHOOL STUDENTS, INTRODUCING TO SEVERAL ROLES IN HEALTH CARE, TOURED THE TRAUMA CENTER AND PROVIDED TOURNIQUET TRAINING. PROVIDED EACH STUDENT WITH A TOURNIQUET. 5/25/2023: NATIONAL STOP THE BLEED DAY, TABLED AT BOTH PPMC AND PCAM REACHING 263 INDIVIDUALS WITH BRIEF STB SKILLS AND ENCOURAGED SIGN UP FOR FULL CLASSES FOR INDIVIDUALS AND GROUPS. 6/17/2023: HOPEPHL MEN'S WELLNESS DAY, PARTICIPATED IN HEALTH FAIR WITH TABLE-TOP STOP THE BLEED SESSIONS (SKILLS ONLY), AND DISTRIBUTED GUN LOCKS WITH SAFE GUN HANDLING INFORMATION. IN TOTAL: PROVIDED 41 INDIVIDUALS WITH WOUND PACKING SKILLS AND REMINDER TOWELS, DISTRIBUTED 21 GUN LOCKS. EVERYONE WHO STOPPED BY WAS PROVIDED INFO ON ATTENDING A FULL STOP THE BLEED CLASS. 6/23/2023: PROMISE ZONE COMMITTEE WIDE MEETING, REACHED 33 COMMUNITY LEADERS WITH BRIEF STB SKILLS AND PROVIDED INFORMATION ON SCHEDULING FOR INDIVIDUAL AND GROUP STB CLASSES. 6/30/2023: JUNETEENTH WELLNESS SUMMIT, MEMBERS OF TRAUMA TEAM JOINED OTHERS FROM PPMC TO TABLE IN SAUNDERS PARK. TOPICS ADDRESSED: YOUTH SPORTS SAFETY, CONCUSSION AND TBI. FINALLY, PENN TRAUMA REMAINS IN PARTNERSHIP WITH THE FOLLOWING COMMUNITY ACTION GROUPS THROUGHOUT THE YEAR: YOUTH GUN VIOLENCE DISCUSSION GROUP, BIWEEKLY MEETING COORDINATED BY ANTIVIOLENCE PARTNERSHIP OF PHILADELPHIA: MULTIDISCIPLINARY TEAM OF PROVIDERS WHO CARE FOR THOSE INJURED BY GUN VIOLENCE, STRATEGIZING ON WAYS TO ADVOCATE FOR CHANGE ON THE CITY LEVEL TO ADDRESS THE GUN VIOLENCE CRISIS. PHILADELPHIA HOSPITAL-BASED INTERVENTION PROGRAM COLLABORATIVE, MONTHLY COLLABORATIVE MEETING WITH HVIPS FROM THE CHOP, TEMPLE, JEFFERSON, EINSTEIN, ST. CHRISTOPHER'S AND THE CHESTER COALITION (DELCO), AS WELL AS LEADERSHIP FROM THE PHILADELPHIA DEPT. OF HEALTH TO WORK COLLABORATIVELY IN SUPPORTING VICTIMS OF GUN VIOLENCE WHO HAVE BEEN TREATED AT OUR TRAUMA CENTERS. MOUNT VERNON MANOR CDC, SUPPORTING IN THE EFFORTS THROUGH RESOURCES, MENTORSHIP, AND SUPPORT LETTERS FOR GRANT FUNDING TO DEVELOP A CREDIBLE MESSENGER TEAM, BASED ON THE CEASEFIRE MODEL.

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Trantor Score

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

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $8,711,110
Program Service Revenue $1,196,897,808
Investment Income $909,616
Other Revenue $21,862,856
TOTAL REVENUE $1,228,381,390

Expense Breakdown

Grants Paid $0
Salaries & Benefits $493,833,706
Fundraising Expenses $245,860
Program Expenses $1,084,600,564
Other Expenses $682,121,032
TOTAL EXPENSES $1,175,954,738

Year-over-Year Comparison

2022 2021 Change
Revenue $1,228,381,390 $1,144,236,840 +0.1%
Expenses $1,175,954,738 $1,095,515,650 +0.1%
Net Income $52,426,652 $48,721,190 +0.1%
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
4
Employees
4440
Volunteers
39

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
9
$4,496,855
Total Directors
15
$9,728,777
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEVIN B MAHONEY EX-OFFICIO MEMBER 1.0
Director
$0 $524,230 $3,396,943
KEITH KASPER CONTROLLER;EX-OFFICIO MEMBER 1.0
Officer Director
$0 $24,644 $1,741,633
PHILLIP A OKALA EX-OFFICIO MEMBER THRU 8/31/22 1.0
Director
$0 $229,198 $1,430,349
MICHELE M VOLPE COO UPHS; EX-OFFICIO MBR 1.0
Officer Director
$0 $101,405 $1,168,804
JAMES BALLINGHOFF RNMSNMBA BOARD MEMBER; CNO 55.0
Officer Director
$413,921 $11,193 $425,114
ANTHONY ZUMPANO ASST. CONT/SEC. THRU 5/25/23 54.0
Officer Director
$393,414 $17,880 $411,294
JACK ENDE MD BOARD MEMBER 1.0
Director
$0 $45,609 $404,630
ROBERT J RUSSELL MPANHAFACHE ACTING CEO AS OF 9/1/22;EX-OFF 54.0
Officer Director
$358,603 $20,605 $379,208
S SIU MD PHYSICIAN ADVISOR 55.0
Highest
$325,250 $20,108 $345,358
NISHAMINY KASBEKAR CHIEF PHARMACY OFFICER 55.0
Highest
$314,773 $28,351 $343,124
LORIANN GAGLIARDI CLINICAL DIRECTOR 55.0
Highest
$319,203 $19,387 $338,590
KIMBERLY A DEPPERT ASSOC. EXEC DIR. CARD SRVCS 55.0
Highest
$313,875 $12,949 $326,824
GARY GINSBERG ASSISTANT HOSPITAL DIRECTOR 55.0
Highest
$293,832 $21,682 $315,514
GENE GOFMAN MBA ASST CONT/SEC. AS OF 5/23/23 54.0
Officer Director
$263,456 $28,442 $291,898
ANNEMARIE WALTER ASST. SECRETARY THRU 9/30/22 1.0
Officer Director
$0 $8,541 $78,904
ANN CONLIN BOARD MEMBER 1.0
Director
$0 $0 $0
CLARE D'AGOSTINO ESQ BD MEMBER; CHAIR THRU 3/12/23 1.0
Officer Director
$0 $0 $0
JUDGE RENEE CARDWELL HUGHES BRD MBR; CHAIR AS OF 5/11/23 1.0
Officer Director
$0 $0 $0
REV DR WILLIAM J SHAW BOARD MEMBER 1.0
Director
$0 $0 $0
BENJAMIN C SUN MD MPP BOARD MEMBER AS OF 5/4/2023 1.0
Director
$0 $0 $0
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 No data No data No data No data
2024 No data No data No data No data
2023 $1,228,381,390 $1,175,954,738 $947,222,243 $52,426,652
2022 $1,144,236,840 $1,095,515,650 $931,405,283 $48,721,190
2021 $1,007,924,819 $956,673,596 $864,132,692 $51,251,223
2020 $973,479,342 $906,629,443 $812,689,177 $66,849,899
2019 $880,172,032 $830,318,445 $724,452,524 $49,853,587
2018 $783,438,877 $743,253,057 $701,694,375 $40,185,820
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