SUMMIT HEALTH FOUNDATION

EIN: 831196554 501(c)(3) Health Care

YORK, PA

Total Revenue
$4,557,555
Total Expenses
$2,487,635
Total Assets
$72,355,865
Net Assets
$72,338,312
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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
PA
Principal Officer
ROXANNA GAPSTUR
Phone
7172677794
Tax Period
2023-07-01 to 2024-06-30

SUMMIT HEALTH FOUNDATION, founded in 2018, is a community nonprofit in the Health Care sector that reported $4.6M in total revenue in fiscal year 2023. Revenue surged 130% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.1M, a strong 45% operating margin.

Mission

SUMMIT HEALTH FOUNDATION IS A COMMUNITY-BASED, NON-PROFIT ORGANIZATION FORMED TO SUPPORT WELLSPAN SUMMIT HEALTH, THE CHAMBERSBURG HOSPITAL, WAYNESBORO HOSPITAL AND SUMMIT PHYSICIAN SERVICES AND THEIR MISSION OF ASSURING ACCESS TO EXCEPTIONAL HEALTH CARE SERVICES THAT ARE HIGH IN QUALITY, COMPASSIONATE AND COST EFFECTIVE. THE FOUNDATION MAKES GRANTS TO THESE ORGANIZATIONS IN ORDER TO SUPPORT THEM AND THEIR RELATED ACTIVITIES. THESE ACTIVITIES INCLUDE, BUT ARE NOT LIMITED TO:1)FURTHERING THE ORGANIZATIONS' ABILITIES TO EXPAND HEALTH SERVICES IN OUR COMMUNITY;2)FUNDING THE PURCHASE OF NEW CLINICAL AND SUPPORT-RELATED TECHNOLOGIES AND THE CONSTRUCTION OF HEALTH CARE FACILITIES;3)EXTENDING CHARITABLE HEALTH CARE TO QUALIFYING INDIVIDUALS; AND4)ADDRESSING HEALTH PRIORITIES, INCLUDING OBESITY AND SMOKING AND TOBACCO USE IN OUR COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $2,267,371 Revenue: $275,536

SUMMIT HEALTH FOUNDATION IS A COMMUNITY-BASED, NOT-FOR-PROFIT ORGANIZATION THAT EXISTS TO INSPIRE GIFTS AND GRANTS FROM INDIVIDUALS, FOUNDATIONS, CORPORATIONS, AND OTHER ENTITIES TO SUPPORT THE...

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SUMMIT HEALTH FOUNDATION IS A COMMUNITY-BASED, NOT-FOR-PROFIT ORGANIZATION THAT EXISTS TO INSPIRE GIFTS AND GRANTS FROM INDIVIDUALS, FOUNDATIONS, CORPORATIONS, AND OTHER ENTITIES TO SUPPORT THE HEALTH AND WELL-BEING OF PEOPLE IN FRANKLIN COUNTY AND COMMUNITIES IN ADJACENT CUMBERLAND COUNTY. THE ORGANIZATION CONDUCTS FUNDRAISING ACTIVITIES AND SEEKS GRANT FUNDING ON BEHALF OF WELLSPAN SUMMIT HEALTH, WAYNESBORO HOSPITAL, CHAMBERSBURG HOSPITAL, SUMMIT PHYSICIAN SERVICES AND THEIR AFFILIATES. SUMMIT HEALTH FOUNDATION DESIGNATES MONEY RAISED TO THE FOLLOWING FUNDS:WHERE NEEDED MOST - HELP US RESPOND TO EMERGING NEEDS. GIVING TO THIS FUND ENABLES US TO ADDRESS THE AREAS OF GREATEST NEED FOR WELLSPAN HEALTH IN FRANKLIN COUNTY.WELLSPAN FRANKLIN COUNTY PATIENT SUPPORT FUND - HELP PATIENTS WHO HAVE NEEDS THAT AFFECT THEIR TREATMENT OR HEALTH OUTCOMES. THIS FUND ASSISTS AT-RISK PATIENTS WITH FOOD, TRANSPORTATION, TRANSITIONAL HOUSING AND LIFE-SAVING MEDICATIONS.ONCOLOGY BRIDGE FUND - LEND A HAND TO PATIENTS FACING THE FINANCIAL BURDENS THAT OFTEN RESULT FROM DEALING WITH THE IMPACT OF CANCER. THIS FUND HELPS WITH BASIC LIVING EXPENSES, SUCH AS RENT, UTILITIES, GROCERIES AND TRANSPORTATION TO AND FROM MEDICAL APPOINTMENTS. FUNDS ARE AVAILABLE TO PATIENTS WHO MEET SPECIFIC FINANCIAL AID GUIDELINES.KRISTIN RUNYON MEMORIAL SCHOLARSHIP FUND - HELP PROVIDE TUITION ASSISTANCE FOR STUDENTS PURSUING THEIR REGISTERED NURSE DEGREES. MANY OF THESE OUTSTANDING SCHOLARSHIPS RECIPIENTS ARE WORKING WITHIN THE WALLS OF OUR HOSPITALS AND PHYSICIAN PRACTICES, PROVIDING HIGH-QUALITY, COMPASSIONATE CARE TO OUR PATIENTS.WELLSPAN FRANKLIN COUNTY SAFE (SEXUAL ASSAULT FORENSIC EXAMINER) FUND - LEND A HAND IN PROVIDING COMPASSIONATE CARE FOR VICTIMS OF SEXUAL ASSAULT. THIS FUND PROVIDES LOCAL ACCESS TO COMPREHENSIVE AND CARING MEDICAL TREATMENT THROUGH THE SAFE PROGRAM.WELLSPAN FRANKLIN COUNTY FUTURE PHYSICIAN SCHOLARSHIP PROGRAM - HELP PROVIDE FUNDING TO THIS UNIQUE WELLSPAN INITIATIVE TO SPONSOR MEDICAL SCHOOL SCHOLARSHIPS. SCHOLARSHIPS AID YOUNG PEOPLE WITH A CONNECTION TO A LOCAL WELLSPAN COMMUNITY AND REQUIRE THEM TO RETURN TO WORK WITHIN THE WELLSPAN FOOTPRINT FOLLOWING THEIR GRADUATION.SPOTLIGHT ON CHILDREN'S HEALTH - INVEST IN CHILDREN'S EARLY DEVELOPMENT TO ELIMINATE HEALTH AND ACHIEVEMENT INEQUITIES LATER IN LIFE BY PROVIDING LITERACY AND EARLY CHILDHOOD EDUCATION SERVICES AND MEETING SPECIAL HEALTH CARE NEEDS. THIS FUND SUPPORTS THE OPPORTUNITY FOR ALL CHILDREN IN OUR REGIONS OF CARE TO DEVELOP IN SAFE, STABLE, NURTURING RELATIONSHIPS AND ENVIRONMENTS.SEE WELLSPAN HEALTH - 2024 COMMUNITY BENEFIT REPORT LOCATED AT HTTPS://WWW.WELLSPAN.ORG/ABOUT-WELLSPAN/IMPROVING-HEALTHY-COMMUNITIES/COMMUNITY-BENEFIT.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,476,547
Program Service Revenue $275,536
Investment Income $1,805,472
Other Revenue $0
TOTAL REVENUE $4,557,555

Expense Breakdown

Grants Paid $2,112,311
Salaries & Benefits $0
Fundraising Expenses $127,464
Program Expenses $2,267,371
Other Expenses $352,936
TOTAL EXPENSES $2,487,635

Year-over-Year Comparison

2023 2022 Change
Revenue $4,557,555 $1,982,544 +1.3%
Expenses $2,487,635 $1,793,900 +0.4%
Net Income $2,069,920 $188,644 +10.0%
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
12
Independent Members
6
Employees
N/A
Volunteers
8

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
6
$5,279,348
Total Directors
13
$6,228,733
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATE CASHDOLLAR VICE CHAIRMAN 1.00
Officer Director
$0 $50,833 $270,557
ROXANNA GAPSTUR PHD RN PRESIDENT & CEO - WELLSPAN HEALTH 1.00
Officer Director
$0 $100,269 $3,123,984
STEPHEN HOLOVIAK SECRETARY / TREASURER 1.00
Officer Director
$0 $0 $0
PHYLLIS A NYE CHAIRMAN 1.00
Officer Director
$0 $0 $0
JOEL ZULLINGER CHAIRMAN (RES. DEC. '23) 1.00
Director
$0 $0 $0
DAVID A HOFFMAN MD DIRECTOR 1.00
Director
$0 $0 $0
JORDAN R STATLER DIRECTOR 1.00
Director
$0 $0 $0
CANDICE STUMBAUGH DIRECTOR 1.00
Director
$0 $0 $0
ABEL CASTRO DIRECTOR 1.00
Director
$0 $0 $0
MELISSA DUBROW DIRECTOR 1.00
Director
$0 $44,413 $375,865
JOHN MASSIMILLA DIRECTOR 1.00
Director
$0 $80,162 $573,520
LAURA BUCZKOWSKI EXECUTIVE VP & CFO - WELLSPAN HEALTH 1.00
Officer Director
$0 $79,480 $1,336,194
HARVEY GREEN SR. VP & CHIEF DEVELOPMENT OFFICER 8.00
Officer Director
$0 $49,080 $548,613
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 $4,557,555 $2,487,635 $72,355,865 $2,069,920
2023 $1,982,544 $1,793,900 $65,952,362 $188,644
2022 $3,853,045 $2,014,018 $62,566,779 $1,839,027
2021 $2,715,186 $1,836,567 $73,413,801 $878,619
2020 $60,984,974 $1,192,436 $59,798,513 $59,792,538
2019 $1,034,354 No data $1,034,354 No data
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