UNIVERSITY HOSPITALS HEALTH SYSTEM INC

EIN: 340714775 501(c)(3) Health Care

SHAKER HEIGHTS, OH

Total Revenue
$990,125,992
Total Expenses
$986,752,525
Total Assets
$5,988,003,356
Net Assets
$2,844,930,137
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Financial Trends

Organization Details

Formation Year
1940
Legal Domicile
OH
Principal Officer
BRADLEY C BOND
Phone
2168441000
Tax Period
2023-01-01 to 2023-12-31

UNIVERSITY HOSPITALS HEALTH SYSTEM INC, founded in 1940, is a major nonprofit in the Health Care sector that reported $990.1M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Net assets of $2.8B represent 34 months of operating reserves.

Mission

UNIVERSITY HOSPITALS (THE "SYSTEM") IS GUIDED BY ITS MISSION "TO HEAL. TO TEACH. TO DISCOVER." THE SYSTEM SERVES A UNIQUE ROLE IN THE COMMUNITIES IT SERVES BY PROVIDING DIVERSE POPULATIONS THROUGHOUT THE NORTHEAST OHIO REGION WITH COMPREHENSIVE HEALTH CARE - FROM PRIMARY CARE TO HIGHLY SPECIALIZED MEDICAL CARE FOR THE MOST SERIOUS OF HEALTH PROBLEMS. THE SYSTEM IS KNOWN FOR PROVIDING SUPERIOR, LEADING-EDGE HEALTH CARE ACROSS THE FULL RANGE OF MEDICAL AND SURGICAL SPECIALITIES FROM INFANCY TO ELDER CARE. IN ADDITION TO DELIVERING QUALITY PATIENT CARE, THE SYSTEM SERVES AS A PREEMINENT TEACHING FACILITY FOR PHYSICIANS, NURSES AND ANCILLARY MEDICAL PERSONNEL. THE SYSTEM'S EXTENSIVE CLINICAL RESEARCH PROGRAMS CONTINUE TO IMPROVE THE UNDERSTANDING OF DISEASE AND ENHANCE PATIENT CARE.

Program Service Accomplishments

Program 1
Expenses: $764,776,638 Revenue: $929,802,288

COMMITMENT TO THE COMMUNITY REMAINS AT THE CORE OF THE SYSTEM'S MISSION: TO HEAL. TO TEACH. TO DISCOVER. IN 2023, UNIVERSITY HOSPITALS DEDICATED MORE THE $522 MILLION TO COMMUNITY BENEFIT PROGRAMS IN...

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COMMITMENT TO THE COMMUNITY REMAINS AT THE CORE OF THE SYSTEM'S MISSION: TO HEAL. TO TEACH. TO DISCOVER. IN 2023, UNIVERSITY HOSPITALS DEDICATED MORE THE $522 MILLION TO COMMUNITY BENEFIT PROGRAMS IN NORTHEAST OHIO CONSISTING OF: - EDUCATION AND TRAINING = $100 MILLION - RESEARCH = $58 MILLION - CHARITY CARE = $58 MILLION - MEDICAID SHORTFALL = $268 MILLION - COMMUNITY HEALTH IMPROVEMENT SERVICES, PROGRAMS AND SUPPORT = $38 MILLION - HOSPITAL CARE ASSURANCE PROGRAM (HCAP) = ($75 MILLION) REFER TO SCHEDULE H IN THE UH GROUP RETURN FOR FURTHER DETAIL ON HOW THE SYSTEM MEASURES AND REPORTS COMMUNITY BENEFIT. COMMUNITY BENEFIT FOR 2023 TOTALED $522 MILLION. IN ADDITION TO CHARITY CARE AND INSUFFICIENT FUNDING FROM THE MEDICAID PROGRAM, THE SYSTEM INCURS SIGNIFICANT LOSSES RELATED TO SELF-PAY PATIENTS WHO FAIL TO MAKE PAYMENT FOR SERVICES RENDERED OR INSURED PATIENTS WHO FAIL TO REMIT CO-PAYMENTS AND DEDUCTIBLES AS REQUIRED UNDER APPLICABLE HEALTH INSURANCE ARRANGEMENTS. IN 2023, $129 MILLION REPRESENTED REVENUES FOR SERVICES PROVIDED THAT WERE DEEMED TO BE UNCOLLECTIBLE. THE SYSTEM HAS A BROAD PRESENCE THROUGHOUT NORTHEAST OHIO, INCLUDING CUYAHOGA, LORAIN, GEAUGA, ASHTABULA, PORTAGE, ASHLAND, LAKE, AND RICHLAND COUNTIES SERVICE AREAS. THE BREADTH OF THE SYSTEM'S SERVICE AREA IS COVERED THROUGH ITS ACADEMIC MEDICAL CENTER, COMMUNITY MEDICAL CENTERS, JOINT VENTURES, AMBULATORY HEALTH CENTERS AND MEDICAL PRACTICES. THE UH HEALTH SYSTEM PROVIDES WORK DIRECTLY FOR 38,433 (32,607 REPORTED ON THE UH GROUP FORM 990) EMPLOYEES AND PHYSICIANS. UH PROVIDES MANY COMMUNITY BENEFITS DIRECTLY AND INDIRECTLY THROUGH NEW OR EXPANDED BUSINESS OPPORTUNITIES AND THROUGH IMPORTANT CAPITAL INVESTMENTS IN OUR FACILITIES. UH HAS COMMITTED - AND CONTINUES TO COMMIT - MILLIONS OF DOLLARS TO FACILITIES AND OPERATIONS WITHIN THE CITY OF CLEVELAND AND THROUGHOUT OUR REGION, PROVIDING CONSTRUCTION AND HOSPITAL-BASED JOBS. STATE-OF-THE-ART FACILITIES AND SERVICES AT UH CLEVELAND MEDICAL CENTER, OUR WORLD-RENOWNED ACADEMIC MEDICAL CENTER IN CLEVELAND, PROVIDE CLEVELAND RESIDENTS AND PEOPLE FROM THROUGHOUT THE REGION AND THE WORLD WITH THE FINEST IN PRIMARY AND SPECIALTY HEALTH CARE. THE FACILITIES ALLOW US TO CONDUCT VITAL MEDICAL RESEARCH AND OFFER ADVANCED TRAINING FOR STUDENTS AND HEALTH PROFESSIONALS. THE QUENTIN & ELISABETH ALEXANDER NEONATAL INTENSIVE CARE UNIT AT UH RAINBOW BABIES & CHILDREN'S HOSPITAL SERVES OUR MOST VULNERABLE CHILDREN. THE SYSTEM'S EMERGENCY FACILITIES AT OUR MEDICAL CENTERS AND THE SYSTEM'S SEIDMAN CANCER CENTER AT UH CLEVELAND MEDICAL CENTER AND VARIOUS COMMUNITY MEDICAL CENTERS, CONTINUE TO PROVIDE EXPANDED EMPLOYMENT OPPORTUNITIES WHILE EXTENDING UH'S MISSION TO MORE PATIENTS. NEW STATE-OF-THE-ART OUTPATIENT HEALTH CENTERS IN THE REGION HAVE SPURRED ECONOMIC GROWTH WHILE GIVING PEOPLE ACCESS TO THE CARE THEY NEED CLOSE TO HOME AND EXPANDING OUR COMMUNITY BENEFIT PROGRAMS. THE SYSTEM IS PROUD TO CONTRIBUTE TO THE HEALTH OF OUR CITIZENS AND TO BE A POSITIVE ECONOMIC FORCE IN OUR REGION. FOR MORE DETAILED INFORMATION ON THE SYSTEM'S COMMUNITY BENEFIT OR TO VIEW THE 2023 COMMUNITY BENEFIT REPORT, PLEASE VISIT THE SYSTEM'S WEBSITE AT WWW.UHHOSPITALS.ORG.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $22,331,773
Program Service Revenue $830,014,938
Investment Income $43,704,398
Other Revenue $94,074,883
TOTAL REVENUE $990,125,992

Expense Breakdown

Grants Paid $1,778,155
Salaries & Benefits $475,597,693
Fundraising Expenses $13,096,533
Program Expenses $764,776,638
Other Expenses $509,376,677
TOTAL EXPENSES $986,752,525

Year-over-Year Comparison

2023 2022 Change
Revenue $990,125,992 $878,242,319 +0.1%
Expenses $986,752,525 $904,182,328 +0.1%
Net Income $3,373,467 $-25,940,009 -1.1%
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
30
Independent Members
28
Employees
5826
Volunteers
28

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
15
$13,785,373
Total Directors
33
$4,258,823
Key Employees
2
$1,504,962
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ADELMAN JOEL E DIRECTOR 2.00
Director
$0 $0 $0
ANTON ARTHUR F DIRECTOR/CHAIR (END 05/23) 2.00
Officer Director
$0 $0 $0
ANTONUCCI JOHN DIRECTOR 2.00
Director
$0 $0 $0
BAUM ROBIN I DIRECTOR 2.00
Director
$0 $0 $0
BEER ANNE DIRECTOR EX OFFICIO 2.00
Director
$0 $0 $0
CARESTIO DANIEL A DIRECTOR (BEGIN 06/23) 2.00
Director
$0 $0 $0
CONNELL MICHELE L DIRECTOR 2.00
Director
$0 $0 $0
DECKARD JENNIFER DIRECTOR 2.00
Director
$0 $0 $0
DELLA RATTA RALPH DIRECTOR (END 05/23) 2.00
Director
$0 $0 $0
GORMAN CHRISTOPHER M DIRECTOR 2.00
Director
$0 $0 $0
HABER IRWIN G DIRECTOR EX OFFICIO 2.00
Director
$0 $0 $0
HANNA IV HOWARD HOBY W DIRECTOR (BEGIN 06/23) 2.00
Director
$0 $0 $0
HARGAN ERIC D DIRECTOR 2.00
Director
$0 $0 $0
HASLAM DEE DIRECTOR/VICE CHAIR 2.00
Officer Director
$0 $0 $0
HELLER DAVID J DIRECTOR 2.00
Director
$0 $0 $0
JAROS CAREY DIRECTOR 2.00
Director
$0 $0 $0
JONES HAROLD V DIRECTOR 2.00
Director
$0 $0 $0
KELSHEIMER JERRY L DIRECTOR/VICE CHAIR (BEGIN 06/23) 2.00
Officer Director
$0 $0 $0
LACEY WILLIAM DIRECTOR (END 05/23) 2.00
Director
$0 $0 $0
MAINARDI CESARE DIRECTOR 2.00
Director
$0 $0 $0
MEGERIAN CLIFF MD DIRECTOR EX OFFICIO/CEO 50.00
Officer Director
$2,767,975 $58,510 $2,826,485
MIGGINS LYNN DIRECTOR EX OFFICIO 2.00
Director
$0 $0 $0
MORIKIS JOHN G DIRECTOR/VICE CHAIR(END 5/23)/CHAIR 2.00
Officer Director
$0 $0 $0
PANDRANGI VASU MD DIRECTOR EX OFFICIO 2.00
Director
$0 $0 $0
PETZ HEIDI G DIRECTOR (BEGIN 06/23) 2.00
Director
$0 $0 $0
POTASH STEVEN DIRECTOR 2.00
Director
$0 $0 $0
RICHARD RONALD B DIRECTOR (BEGIN 06/23) 2.00
Director
$0 $0 $0
SABIK JOSEPH MD DIRECTOR 2.00
Director
$0 $62,078 $1,432,338
SETHI NEIL MD DIRECTOR 2.00
Director
$0 $0 $0
SMITH ROBERT C DIRECTOR 2.00
Director
$0 $0 $0
TALTON SHEILA DIRECTOR 2.00
Director
$0 $0 $0
TAYLOR EDDIE JR DIRECTOR 2.00
Director
$0 $0 $0
YOUNG WILLIAM A JR DIRECTOR EX OFFICIO 2.00
Director
$0 $0 $0
ADELMAN HARLIN G ESQ CHIEF LEGAL OFFICER/SECRETARY 50.00
Officer
$985,590 $68,883 $1,054,473
HEREFORD MICHELLE CHIEF NURSING OFFICER 50.00
Officer
$640,179 $36,969 $677,148
HINCHEY PAUL R CHIEF OPERATING OFFICER 50.00
Officer
$1,205,419 $50,588 $1,256,007
PRONOVOST PETER MD CHIEF QUALITY OFFICER 50.00
Officer
$1,033,909 $24,833 $1,058,742
PULLIAM LAVONNE CHIEF COMPLIANCE OFFICER 50.00
Officer
$359,821 $47,593 $407,414
SIMON DANIEL I MD CHIEF SCIENTIFIC OFFICER 50.00
Officer
$1,456,439 $54,017 $1,510,456
SNOWBERGER THOMAS D CHIEF ADMINISTRATIVE OFFICER 50.00
Officer
$1,101,664 $43,005 $1,144,669
SYLVAN DAVID CHIEF STRATEGY OFFICER (BEGIN 05/23) 50.00
Officer
$492,458 $19,575 $512,033
SZUBSKI MICHAEL A CHIEF FINANCIAL OFFICER/TREASURER 50.00
Officer
$1,424,647 $311,467 $1,736,114
TAIT PAUL G CHIEF STRATEGY OFFICER (END 09/23) 50.00
Officer
$1,565,275 $36,557 $1,601,832
KEEGAN ARTHUR E CHIEF MARKETING OFFICER 50.00
Key Emp
$595,888 $50,555 $646,443
BISHOP SHERRI L CHIEF DEVELOPMENT OFFICER 50.00
Key Emp
$790,860 $67,659 $858,519
STAMLER JONATHAN PRESIDENT HDI 50.00
Highest
$1,531,130 $45,330 $1,576,460
TEKNOS THEODOROS N PRESIDENT SIEDMAN CANCER CENTER 50.00
Highest
$1,436,176 $55,543 $1,491,719
SHISHEHBOR MEHDI PRESIDENT UH HARRINGTON HEART 50.00
Highest
$959,393 $60,302 $1,019,695
SASSER SCOTT M PRESIDENT - UHMG AND UHPS 50.00
Highest
$924,530 $60,771 $985,301
PAPA ALAN J COO, UH EAST MARKET 50.00
Highest
$874,387 $46,147 $920,534
MILLER JANET L ESQ FORMER OFFICER 0.00
$190,376 $0 $190,376
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
2024 No data No data No data No data
2023 $990,125,992 $986,752,525 $5,988,003,356 $3,373,467
2022 $878,242,319 $904,182,328 $5,635,764,872 $-25,940,009
2021 $960,105,000 $842,363,000 $6,082,138,000 $117,742,000
2020 $765,170,000 $777,848,000 $5,291,459,000 $-12,678,000
2019 $700,518,000 $812,977,000 $4,606,270,000 $-112,459,000
2018 $604,620,000 $676,694,000 $4,379,025,000 $-72,074,000
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