PENN STATE HEALTH LANCASTER MEDICA… - Form 990 Financial Data

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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

2020

Legal Domicile

Phone

7175318477

Tax Period

2024-07-01 to 2025-06-30

PENN STATE HEALTH LANCASTER MEDICAL CENTER, founded in 2020, is a major nonprofit in the Health Care sector that reported $219.0M in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum.

Mission

PENN STATE HEALTH LANCASTER MEDICAL CENTER'S MISSION IS TO CONTINUALLY IMPROVE THE HEALTH AND WELL BEING OF THE PEOPLE IN PENNSYLVANIA; PROVIDE EXCELLENT, COMPASSIONATE, CULTURALLY RESPONSIVE AND EQUITABLE CARE; EDUCATE AND TRAIN HEALTH CARE PROFESSIONALS; ADVANCE EVIDENCE-BASED MEDICAL INNOVATION THROUGH RESEARCH AND DISCOVERY.

Program Service Accomplishments

Program 1

Expenses: $132,730,389 Revenue: $217,963,858

PENN STATE HEALTH LANCASTER MEDICAL CENTER OPENED ON OCTOBER 3, 2022. THE MEDICAL CENTER PROVIDES COMPLETE MEDICAL AND SURGICAL SERVICES, A STATE-OF-THE-ART EMERGENCY DEPARTMENT, SPECIALTY INPATIENT SERVICES AND ADVANCED IMAGING FOR PEOPLE IN LANCASTER AND YORK COUNTIES. THE 142-BED ACUTE CARE MEDICAL CENTER IS FUNDAMENTALLY COMMITTED TO PROVIDING COMPASSIONATE, INCLUSIVE AND EQUITABLE CARE THROUGH ITS DIVERSE WORKFORCE. PATIENTS AND THEIR FAMILIES CAN RECEIVE THE MOST ADVANCED CARE IN MODERN, PATIENT-CENTERED AREAS OF INPATIENT SERVICES, INLCUDING: CARDIAC CATHETERIZATION, CRITICAL CARE, EMERGENCY MEDICINE, LABOR AND DELIVERY, AND SURGERY. ENDOSCOPY, IMAGING SERVICES, LAB SERVICES, NONINVASIVE DIAGNOSTIC CARDIOLOGY AND WOMEN'S SERVICES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $87,170

Program Service Revenue $217,963,858

Investment Income $29,959

Other Revenue $957,440

TOTAL REVENUE $219,038,427

Expense Breakdown

Grants Paid $171,000

Salaries & Benefits $75,057,292

Fundraising Expenses $0

Program Expenses $132,730,389

Other Expenses $137,272,077

TOTAL EXPENSES $212,500,369

Year-over-Year Comparison

	2024	2023	Change
Revenue	$219,038,427	$163,509,212	+0.3%
Expenses	$212,500,369	$205,539,034	+0.0%
Net Income	$6,538,058	$-42,029,822	-1.2%

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

983

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

$9,194,702

Total Directors

$7,469,980

Key Employees

$298,649

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBORAH ADDO	DIRECTOR & CHAIR / PSH PRESIDENT & COO	1.0	Officer Director	$0	$155,443	$1,705,106
JOSEPH FRANK	PRESIDENT	48.0	Officer Director	$621,209	$36,404	$657,613
PAULA TINCH	DIRECTOR / PSH CFO & EVP - PART YEAR	1.0	Officer Director	$0	$46,993	$1,438,370
ALLISON BARRETT	DIRECTOR	1.0	Director	$0	$26,070	$529,588
BEN LAZARUS	DIRECTOR	1.0	Director	$0	$0	$0
DARON KAHN	DIRECTOR	1.0	Director	$0	$28,090	$539,941
GENE CLARK	DIRECTOR	1.0	Director	$0	$0	$0
JUDITH HLAFCSAK	DIRECTOR/PSH CHIEF OF STAFF	1.0	Director	$0	$36,657	$966,861
KENNETH WOOD	DIRECTOR / EVP & SYSTEM CMO	1.0	Director	$0	$110,378	$1,090,043
LIZ MARTIN	DIRECTOR	1.0	Director	$0	$0	$0
MICHAEL REIHART	DIRECTOR/PHYSICIAN - PART YEAR	1.0	Director	$0	$54,277	$542,458
RAHWA TEKALI	DIRECTOR - PART YEAR	1.0	Director	$0	$0	$0
ANN ALLWEIN	ASSOC. SECRETARY	1.0	Officer	$0	$15,463	$105,213
CLAIRE MOONEY	SVP AND CHIEF OPERATING OFFICER - PART YEAR	50.0	Officer	$306,039	$45,618	$351,657
EDWARD CHABALOWSKI	TREAS/VP/CFO - PART YEAR	1.0	Officer	$0	$39,868	$451,162
NICOLE LEHMAN	SECRETARY (PSU EMP)	1.0	Officer	$0	$100,361	$385,769
RANDY MORRIS	TREASURER/EVP & CFO	1.0	Officer	$0	$46,738	$447,513
ROSS DARROW	VICE PRESIDENT, TREASURER	1.0	Officer	$0	$54,328	$417,083
STEPHEN MASSINI	PSH CEO - PART YEAR	1.0	Officer	$0	$660,113	$3,235,216
BARABARA ZUPPA	VP CHIEF NURSING OFFICER	50.0	Key Emp	$258,930	$39,719	$298,649
Angela Sonon	SR DIRECTOR OF QUALITY/MEDICAL AFFAIRS	50.0	Highest	$250,868	$37,135	$288,003
Georgina Danowski	REGISTERED NURSE	50.0	Highest	$215,190	$12,632	$227,822
Kara Smith	REGISTERED NURSE	50.0	Highest	$241,158	$49,033	$290,191
Mark Jarowenko	VP OF MEDICAL AFFAIRS	50.0	Highest	$407,600	$46,714	$454,314
PATRICIA HOAK	REGISTERED NURSE	50.0	Highest	$194,944	$10,772	$205,716

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	$219,038,427	$212,500,369	$347,630,733	$6,538,058
2024	No data	No data	No data	No data
2023	$69,315,129	$141,665,788	$383,709,757	$-72,350,659
2022	$90,181	$9,012,833	$308,739,987	$-8,922,652
2021	No data	$39,558	$162,532,161	No data

PENN STATE HEALTH LANCASTER MEDICAL CENTER