Summa Health

EIN: 341887844 501(c)(3) Health Care

Akron, OH

Total Revenue
$220,581,530
Total Expenses
$200,821,206
Total Assets
$942,890,318
Net Assets
$342,662,356
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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
1999
Legal Domicile
OH
Phone
2343125867
Tax Period
2023-01-01 to 2023-12-31

Summa Health, founded in 1999, is a major nonprofit in the Health Care sector that reported $220.6M in total revenue in fiscal year 2023. Expenses of $200.8M left a modest 9% surplus.

Mission

THE MISSION OF SUMMA HEALTH IS TO PROVIDE THE HIGHEST QUALITY, COMPASSIONATE CARE TO PATIENTS AND MEMBERS AND CONTRIBUTE TO A HEALTHIER COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $170,733,257 Revenue: $188,621,498

SUMMA HEALTH DIRECTS AND SUPPORTS THE PROGRAMS AND ACTIVITIES OF THE CONSOLIDATED SUMMA HEALTH ENTITIES SO THAT ALL SUMMA HEALTH RESOURCES AND ASSETS ARE BEST ALLOCATED AND UTILIZED FOR THE BENEFIT...

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SUMMA HEALTH DIRECTS AND SUPPORTS THE PROGRAMS AND ACTIVITIES OF THE CONSOLIDATED SUMMA HEALTH ENTITIES SO THAT ALL SUMMA HEALTH RESOURCES AND ASSETS ARE BEST ALLOCATED AND UTILIZED FOR THE BENEFIT OF THE COMMUNITY. SUMMA HEALTH REPRESENTS THE COLLABORATIVE EFFORTS OF HEALTH CARE PROVIDERS TO BETTER ADMINISTER, MANAGE, PROVIDE AND PLAN FOR THE DELIVERY OF A FULL-RANGE OF HEALTH CARE SERVICES TO ALL PERSONS WITHIN THE COMMUNITIES SERVED BY SUMMA HEALTH WITHOUT REGARD TO THE RACE, SEX, CREED, COLOR, NATIONAL ORIGIN OR ECONOMIC STATUS OF SUCH PERSONS.

Program 2
Expenses: $2,317,024 Revenue: $3,730,409

SUMMA HEALTH NETWORK, LLC, A DISREGARDED ENTITY OF SUMMA HEALTH, PARTNERS WITH COMMUNITY PHYSICIANS, REGIONAL AND NATIONAL PAYERS TO IMPROVE THE CLINICAL QUALITY AND EFFICIENCY OF CARE, LOWER THE...

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SUMMA HEALTH NETWORK, LLC, A DISREGARDED ENTITY OF SUMMA HEALTH, PARTNERS WITH COMMUNITY PHYSICIANS, REGIONAL AND NATIONAL PAYERS TO IMPROVE THE CLINICAL QUALITY AND EFFICIENCY OF CARE, LOWER THE COST OF CARE TO PATIENTS AND EMPLOYERS AND ASSIST PHYSICIANS WITH TECHNOLOGY AND RESOURCES NECESSARY TO ACHIEVE THESE GOALS.

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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 $7,178,957
Program Service Revenue $192,308,070
Investment Income $20,715,374
Other Revenue $379,129
TOTAL REVENUE $220,581,530

Expense Breakdown

Grants Paid $425,699
Salaries & Benefits $97,769,425
Fundraising Expenses $0
Program Expenses $173,050,281
Other Expenses $102,626,082
TOTAL EXPENSES $200,821,206

Year-over-Year Comparison

2023 2022 Change
Revenue $220,581,530 $213,963,221 +0.0%
Expenses $200,821,206 $184,337,477 +0.1%
Net Income $19,760,324 $29,625,744 -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
13
Independent Members
9
Employees
1289
Volunteers
11

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
5
$2,832,409
Total Directors
14
$2,590,826
Key Employees
7
$3,704,614
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A DIRECTOR AND CHAIRMAN 4.0
Officer Director
$0 $0 $0
N/A DIRECTOR AND VICE CHAIR 4.0
Officer Director
$0 $0 $0
N/A PRESIDENT & CEO 46.0
Officer Director
$1,294,665 $213,261 $1,507,926
N/A DIRECTOR 2.0
Director
$0 $0 $0
N/A DIRECTOR 2.0
Director
$0 $0 $0
N/A DIRECTOR 2.0
Director
$0 $0 $0
N/A DIRECTOR 2.0
Director
$0 $0 $0
N/A DIRECTOR (BEG 01/23) 2.0
Director
$0 $0 $0
N/A DIRECTOR, CLINICAL PHYSICIAN 2.0
Director
$0 $35,447 $335,310
N/A DIRECTOR 2.0
Director
$0 $0 $0
N/A DIRECTOR, CLINICAL PHYSICIAN 2.0
Director
$0 $32,902 $747,590
N/A DIRECTOR 2.0
Director
$0 $0 $0
N/A DIRECTOR (BEG 01/23) 2.0
Director
$0 $0 $0
N/A DIRECTOR (BEG 01/23) 2.0
Director
$0 $0 $0
N/A TREAS., SVP, CFO 46.0
Officer
$599,001 $103,809 $702,810
N/A SECRETARY/GEN. COUNSEL 46.0
Officer
$535,645 $86,028 $621,673
N/A SVP HUMAN RESOURCES 50.0
Key Emp
$348,050 $44,744 $392,794
N/A EVP COO - PROVIDER OPS. 46.0
Key Emp
$807,150 $125,164 $932,314
N/A SVP CHIEF QUALITY OFFICER 50.0
Key Emp
$464,806 $83,620 $548,426
N/A SVP CIO 50.0
Key Emp
$431,939 $76,876 $508,815
N/A SVP, PRESIDENT POST ACUTE/HOME 50.0
Key Emp
$361,653 $73,257 $434,910
N/A SVP MARKETING & BUS. DEV. 50.0
Key Emp
$285,623 $69,534 $355,157
N/A SVP & CHF. NURSING EXEC. 2.0
Key Emp
$471,044 $61,154 $532,198
N/A VP MEDICAL EDUCATION 50.0
Highest
$337,847 $27,851 $365,698
N/A CHIEF MEDICAL OFFICER - HOSPITAL (BEG. 12/23) 50.0
Highest
$341,011 $15,767 $356,778
N/A VP CONSTRUCTION 50.0
Highest
$329,226 $32,962 $362,188
N/A VP, CHF. MEDICAL INFO. OFF. 50.0
Highest
$349,348 $38,755 $388,103
N/A VP PAYER STRATEGY (END 09/23) 50.0
Highest
$328,101 $33,699 $361,800
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 $220,581,530 $200,821,206 $942,890,318 $19,760,324
2022 $213,963,221 $184,337,477 $950,483,781 $29,625,744
2021 $248,984,093 $168,353,004 $1,250,438,155 $80,631,089
2020 $166,457,390 $146,309,953 $1,226,509,582 $20,147,437
2019 $190,520,110 $160,880,308 $1,054,496,798 $29,639,802
2018 $156,800,554 $147,768,155 $992,669,368 $9,032,399
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