STC HEALTHCARE PARTNERS LLC

EIN: 843467958 501(c)(3) Health Care

READING, PA

Total Revenue
$364,027,631
Total Expenses
$367,905,896
Total Assets
$231,769,060
Net Assets
$-87,484,684
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
PA
Principal Officer
MICHAEL STERN
Phone
4846284307
Tax Period
2023-07-01 to 2024-06-30

STC HEALTHCARE PARTNERS LLC, founded in 2019, is a major nonprofit in the Health Care sector that reported $364.0M in total revenue in fiscal year 2023.

Mission

OUR MISSION IS TO PROVIDE A FULL RANGE OF HIGH-QUALITY HEALTHCARE SERVICES TO ALL CHILDREN AND YOUTH UP TO AGE 21 WHO SEEK OUR CARE OR WHO ARE REFERRED TO US. WE COMPLEMENT OUR MISSION WITH TEACHING AND RESEARCH PROGRAMS THAT ACHIEVE EXCELLENCE AND SUPPORT OUR ABILITY AS A WORLD-CLASS CHILDREN'S HOSPITAL. WE STRIVE AT ALL TIMES TO PROVIDE EXCEPTIONAL CARE WHILE OPERATING IN AN EFFICIENT, COST-EFFECTIVE MANNER THAT SERVES THE BEST INTERESTS OF OUR PATIENTS, THEIR FAMILIES, AND THE COMMUNITY.

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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 $10,677,086
Program Service Revenue $244,162,109
Investment Income $802,158
Other Revenue $108,386,278
TOTAL REVENUE $364,027,631

Expense Breakdown

Grants Paid $0
Salaries & Benefits $193,682,416
Fundraising Expenses $0
Program Expenses $339,026,272
Other Expenses $174,223,480
TOTAL EXPENSES $367,905,896

Year-over-Year Comparison

2023 2022 Change
Revenue $364,027,631 $347,609,518 +0.0%
Expenses $367,905,896 $334,818,262 +0.1%
Net Income $-3,878,265 $12,791,256 -1.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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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
9
Independent Members
9
Employees
2376
Volunteers
188

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
$1,356,379
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HARSH GREWAL MD PHYSICIAN 50.00
Highest
$909,440 $16,524 $925,964
DONALD MUELLER PRES/CEO TER 50.00
Officer
$760,154 $117,849 $878,003
MARTIN HERMAN MD PHYSICIAN 50.00
Highest
$700,432 $37,947 $738,379
CONNIE ROSSINI MD PHYSICIAN 50.00
Highest
$686,833 $21,440 $708,273
DAVID ZWILLENBERG MD PHYSICIAN 50.00
Highest
$647,131 $30,478 $677,609
SHANNON SAFIER MD PHYSICIAN 50.00
Highest
$660,681 $12,591 $673,272
EDWARD BLEACHER CFO/TREASURE 50.00
Officer
$337,865 $9,890 $347,755
ROBERT BROOKS PRES/CEO 4/2 50.00
Officer
$118,824 $11,797 $130,621
DAVID BLUM CHAIR STC OP 2.00
Director
$0 $0 $0
C THOMAS WORK ESQUIRE BOARD MEMBER 2.00
Director
$0 $0 $0
JOHN FRY BOARD MEMBER 2.00
Director
$0 $0 $0
JANET HAAS BOARD MEMBER 2.00
Director
$0 $0 $0
NINA HENDERSON BOARD MEMBER 2.00
Director
$0 $0 $0
MARY KARGBO BOARD MEMBER 2.00
Director
$0 $0 $0
BRENT WAGNER MD BOARD MEMBER 2.00
Director
$0 $0 $0
P SUE PERROTTY BOARD VICE C 2.00
Officer Director
$0 $0 $0
STAN SILVERMAN BOARD MEMBER 2.00
Director
$0 $0 $0
MICHAEL WILLIAMS BOARD CHAIR 2.00
Officer Director
$0 $0 $0
DARIN PFEIFER SECRETARY 2.00
Officer
$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 $364,027,631 $367,905,896 $231,769,060 $-3,878,265
2023 $347,609,518 $334,818,262 $240,569,339 $12,791,256
2022 $307,110,689 $316,187,145 $220,516,019 $-9,076,456
2021 $265,013,647 $355,164,822 $226,482,415 $-90,151,175
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