THE MILTON S HERSHEY MEDICAL CENTER

EIN: 251854772 501(c)(3) Health Care

HERSHEY, PA

Total Revenue
$3,022,537,247
Total Expenses
$2,723,589,058
Total Assets
$4,058,285,747
Net Assets
$3,108,441,765
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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
2000
Legal Domicile
PA
Phone
7175316612
Tax Period
2024-07-01 to 2025-06-30

THE MILTON S HERSHEY MEDICAL CENTER, founded in 2000, is a large national nonprofit in the Health Care sector that reported $3.0B in total revenue in fiscal year 2024. Expenses of $2.7B left a modest 10% surplus.

Mission

TO CONTINUALLY IMPROVE THE HEALTH AND WELL-BEING OF THE PEOPLE IN PENNSYLVANIA.

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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 $20,371,457
Program Service Revenue $2,989,297,448
Investment Income $-4,008,739
Other Revenue $16,877,081
TOTAL REVENUE $3,022,537,247

Expense Breakdown

Grants Paid $17,500
Salaries & Benefits $1,410,371,237
Fundraising Expenses $0
Program Expenses $2,297,965,331
Other Expenses $1,313,200,321
TOTAL EXPENSES $2,723,589,058

Year-over-Year Comparison

2024 2023 Change
Revenue $3,022,537,247 $2,851,212,955 +0.1%
Expenses $2,723,589,058 $2,620,028,527 +0.0%
Net Income $298,948,189 $231,184,428 +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

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Governance

Voting Members
12
Independent Members
8
Employees
12146
Volunteers
309

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
10
$8,674,106
Total Directors
15
$5,253,825
Key Employees
2
$956,817
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DEBORAH ADDO DIRECTOR/PSH PRESIDENT / COO 1.0
Officer Director
$0 $155,443 $1,705,106
DENNIS BRENCKLE CHAIR / DIRECTOR 1.0
Officer Director
$0 $0 $0
DONALD MCKENNA DIRECTOR / PRESIDENT 50.0
Officer Director
$898,633 $46,081 $944,714
PETER G TOMBROS VICE CHAIR/DIRECTOR - PART YEAR 1.0
Officer Director
$0 $0 $0
APRIL ARMSTRONG MD DIRECTOR/CHAIR, DEPT ORTHOPAEDICS 50.0
Director
$1,099,894 $54,727 $1,154,621
BONY DAWOOD DIRECTOR - PART YEAR 1.0
Director
$0 $0 $0
BRIAN HUDSON DIRECTOR 1.0
Director
$0 $0 $0
Dr TONY FARAH DIRECTOR 1.0
Director
$0 $0 $0
JEANNE ARNOLD DIRECTOR 1.0
Director
$0 $0 $0
KATHY PAPE DIRECTOR 1.0
Director
$0 $0 $0
KENNETH WOOD EVP & SYSTEM CMO 44.0
Director
$979,665 $110,378 $1,090,043
ROB BOWMAN DIRECTOR 1.0
Director
$0 $0 $0
TIM MOSHER MD DIRECTOR / CHAIR, DEPT RAD - PART YEAR 50.0
Director
$315,460 $43,881 $359,341
TODD RUCCI DIRECTOR 1.0
Director
$0 $0 $0
TOM LENKEVICH DIRECTOR 1.0
Director
$0 $0 $0
ANN ALLWEIN ASSOC. SECRETARY 1.0
Officer
$0 $15,463 $105,213
NICOLE LEHMAN SECRETARY (PSU EMP) 1.0
Officer
$0 $100,361 $385,769
PAULA TINCH PSH CFO & EVP - PART YEAR 1.0
Officer
$0 $46,993 $1,438,370
PETER OSTASEWSKI TREASURER/CFO 1.0
Officer
$0 $54,277 $442,635
ROSS DARROW VICE PRESIDENT, TREASURER 1.0
Officer
$0 $54,328 $417,083
STEPHEN MASSINI PSH CEO - PART YEAR 1.0
Officer
$0 $660,113 $3,235,216
KEVIN P BLACK MD DEAN OF MEDICINE 50.0
Key Emp
$372,278 $36,691 $408,969
MICHELE SZKOLNICKI CNO 50.0
Key Emp
$494,669 $53,179 $547,848
Jesse Bible PHYSICIAN 50.0
Highest
$1,400,304 $54,279 $1,454,583
John Kelleher PHYSICIAN 50.0
Highest
$1,450,278 $54,637 $1,504,915
Johnny Hong PHYSICIAN 50.0
Highest
$1,358,825 $39,255 $1,398,080
Kevin Cockroft PHYSICIAN 50.0
Highest
$1,439,259 $54,279 $1,493,538
Raymond Lynch PHYSICIAN 50.0
Highest
$1,256,428 $36,790 $1,293,218
JODY REYES FORMER CHIEF OPERATING OFFICER 50.0
$486,388 $10,400 $496,788
JULIE NICKELL FORMER TREASURER/CFO 49.0
$213,961 $18,919 $232,880
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 $3,022,537,247 $2,723,589,058 $4,058,285,747 $298,948,189
2024 $2,851,212,955 $2,620,028,527 $3,767,884,209 $231,184,428
2023 $2,649,761,049 $2,441,217,720 $3,530,051,602 $208,543,329
2022 $2,617,656,661 $2,279,657,039 $3,329,700,297 $337,999,622
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