PENNSYLVANIA HOSPITAL OF THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM

EIN: 311538725 501(c)(3) Health Care

PHILADELPHIA, PA

Total Revenue
$852,720,606
Total Expenses
$856,095,619
Total Assets
$844,583,367
Net Assets
$715,241,961
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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
1751
Legal Domicile
PA
Principal Officer
FRANK A ANASTASI
Phone
2158297723
Tax Period
2023-07-01 to 2024-06-30

PENNSYLVANIA HOSPITAL OF THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM, founded in 1751, is a major nonprofit in the Health Care sector that reported $852.7M in total revenue in fiscal year 2023.

Mission

PROVISION OF CHARITABLE HEALTHCARE SERVICES

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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 (2023)

Revenue Breakdown

Contributions & Grants $9,010,030
Program Service Revenue $780,496,464
Investment Income $14,631,791
Other Revenue $48,582,321
TOTAL REVENUE $852,720,606

Expense Breakdown

Grants Paid $0
Salaries & Benefits $377,722,769
Fundraising Expenses $921,281
Program Expenses $775,465,456
Other Expenses $478,372,850
TOTAL EXPENSES $856,095,619

Year-over-Year Comparison

2023 2022 Change
Revenue $852,720,606 $816,599,476 +0.0%
Expenses $856,095,619 $797,396,322 +0.1%
Net Income $-3,375,013 $19,203,154 -1.2%
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

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Governance

Voting Members
10
Independent Members
6
Employees
4054
Volunteers
292

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
$5,920,306
Total Directors
16
$8,948,490
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 $20,761 $2,797,907
KEITH KASPER EX-OFFICIO MEMBER, CONTROLLER 1.0
Officer Director
$0 $236,866 $2,047,033
MICHELLE M VOLPE EX-OFFICIO MEM, COO 1.0
Officer Director
$0 $15,224 $1,411,758
THERESA M LARIVEE BOARD MEMBER, CEO 1.0
Officer Director
$0 $112,198 $1,037,052
JODY J FOSTER CHAIR DEPT. PSYCHIATRY 55.0
Highest
$648,402 $26,758 $675,160
FRANK A ANASTASI FHFMA CFO,ASST CONT,SECR UNTIL 12/23 55.0
Officer Director
$522,184 $20,714 $542,898
DANIEL WILSON CEO UNTIL 1/24 55.0
Officer Director
$444,229 $28,997 $473,226
MINA RICCIARDELLI ASSOCIATE DIRECTOR PHARMACY 55.0
Highest
$291,478 $31,688 $323,166
LINDSEY AARONSON-AYLING CFO,ASST CONT,SECR AS OF 12/23 55.0
Officer Director
$298,758 $18,567 $317,325
CHRISTINE TIERNEY CHRO 55.0
Highest
$259,424 $23,979 $283,403
TRACEY WU-TRAM NURSE RN 55.0
Highest
$259,768 $19,262 $279,030
KERRI MOCHARNUK CLINICAL NURSE 2 55.0
Highest
$256,290 $6,108 $262,398
MELISSA L ZAK DNP MBA RN BOARD MEMBER 1.0
Director
$211,272 $19,005 $230,277
KATHY BOSTON ASST. SECRETARY 55.0
Officer Director
$81,765 $9,249 $91,014
ALLEN H BAR MD BOARD MEMBER 1.0
Director
$0 $0 $0
JILL ROBERTS BOARD MEMBER 1.0
Director
$0 $0 $0
KATHY KILLIAN BOARD MEMBER 1.0
Director
$0 $0 $0
SUEYUN LOCKS MFA BOARD MEMBER UNTIL 1/24 1.0
Director
$0 $0 $0
THOMAS J SHARBAUGH JD BOARD MEMBER, CHAIR 1.0
Officer Director
$0 $0 $0
WILLIAM H LIPSHUTZ MD BOARD MEMBER 1.0
Director
$0 $0 $0
ALICIA GRESHAM CEO, BOARD MEMBER AS OF 1/24 55.0
Officer 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 $852,720,606 $856,095,619 $844,583,367 $-3,375,013
2023 $816,599,476 $797,396,322 $813,366,817 $19,203,154
2022 $784,912,302 $779,404,037 $826,767,681 $5,508,265
2021 $733,725,377 $712,663,988 $890,734,520 $21,061,389
2020 $678,080,811 $675,418,575 $773,767,590 $2,662,236
2019 $681,165,960 $652,361,343 $736,766,346 $28,804,617
2018 $657,498,958 $638,269,806 $764,189,730 $19,229,152
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