UPMC MEMORIAL (EIN 820912090) - Form 990 Financial Analysis & Trantor Score

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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

2017

Legal Domicile

Principal Officer

GREG MITSTIFER

Phone

7172318245

Tax Period

2023-07-01 to 2024-06-30

UPMC MEMORIAL, founded in 2017, is a major nonprofit in the Health Care sector that reported $233.9M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $209.2M left a modest 11% surplus.

Mission

PROMOTING, IMPROVING AND ENHANCING THE HEALTH AND WELL-BEING OF THE COMMUNITY WE SERVE.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $706,089

Program Service Revenue $231,558,527

Investment Income $7,756

Other Revenue $1,652,691

TOTAL REVENUE $233,925,063

Expense Breakdown

Grants Paid $156,039

Salaries & Benefits $85,234,357

Fundraising Expenses $0

Program Expenses $197,386,239

Other Expenses $123,813,040

TOTAL EXPENSES $209,203,436

Year-over-Year Comparison

	2023	2022	Change
Revenue	$233,925,063	$203,866,895	+0.1%
Expenses	$209,203,436	$194,486,243	+0.1%
Net Income	$24,721,627	$9,380,652	+1.6%

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

Governance

Voting Members

Independent Members

Employees

1223

Volunteers

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

$3,521,962

Total Directors

$2,556,754

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUGLAS NEIDICH	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
MARK GLESSNER	BOARD VICE CHAIR	1.00	Officer Director	$0	$0	$0
ANTHONY GUARRACINO DO	DIRECTOR	1.00	Director	$0	$35,154	$515,556
JOEL YUHAS	DIRECTOR	1.00	Director	$0	$0	$0
AMY MEISTER DO	DIRECTOR	1.00	Director	$0	$0	$0
EILEEN SIMMONS	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS NICHOLSON MD	DIRECTOR	1.00	Director	$0	$38,305	$814,417
JOHN HICKEY	DIRECTOR	1.00	Director	$0	$41,949	$296,936
RICHARD HAMILTON	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT MONTLER	DIRECTOR	1.00	Director	$0	$0	$0
YVONNE HOLLINS	DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN PAVELKO	DIRECTOR	1.00	Director	$0	$0	$0
BARRY SCHOCH	DIRECTOR	1.00	Director	$0	$0	$0
PAUL SPEARS MD	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN VIPOND III ESQ	DIRECTOR	1.00	Director	$0	$0	$0
TROY MORITZ DO	DIRECTOR (R 6/24)	1.00	Director	$0	$38,355	$929,845
DAVID MARTIN	DIRECTOR (R 12/23)	1.00	Director	$0	$0	$0
LOUIS BAVERSO	PRESIDENT & COO (R 9/23)	1.00	Officer	$0	$65,783	$851,386
GREG MITSTIFER	CFO & TREASURER	5.00	Officer	$0	$47,616	$298,898
CHRISTINE MILLER ESQ	SECRETARY/ASSOC. COUNSEL	5.00	Officer	$0	$77,031	$504,918
KERRY MALONEY	ASSISTANT SECRETARY	5.00	Officer	$0	$44,942	$243,718
AMANDA MORGAN	ASSISTANT TREASURER	1.00	Officer	$0	$41,705	$276,009
DAVID GIBBONS	PRESIDENT	5.00	Officer	$0	$140,493	$1,347,033
MICHELLE DEL PIZZO	PRESIDENT, UPMC MEMORIAL	40.00	Highest	$378,229	$60,908	$439,137
REBECCA BRUCE	SR. DIR. - MEMORIAL ASC	40.00	Highest	$237,869	$53,335	$291,204
JOSEPH IANDOLO	VP, OPERATIONS	40.00	Highest	$246,958	$28,663	$275,621
WESLEY GLAUDIN	PHARMACIST	40.00	Highest	$194,763	$38,747	$233,510
KRISTOFER RIVERS	DIRECTOR, PHARMACY OPERATIONS	40.00	Highest	$187,782	$44,792	$232,574
PHILIP W GUARNESCHELLI	FMR PRESIDENT AND CEO (R 9/22)	0.00		$0	$24,232	$1,152,327

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	$233,925,063	$209,203,436	$239,414,012	$24,721,627
2023	$203,866,895	$194,486,243	$238,028,065	$9,380,652
2022	$176,476,005	$173,195,844	$249,598,734	$3,280,161
2021	$169,384,657	$158,897,498	$265,983,515	$10,487,159
2019	$99,557,317	$93,081,949	$208,383,147	$6,475,368
2018	$85,550,553	$91,903,328	$76,955,582	$-6,352,775

UPMC MEMORIAL