Overview
What is Penn State Health?
Penn State Health is a nonprofit organization based in Hershey, Pennsylvania, dedicated to promoting health and supporting Pennsylvania State University. It manages and operates facilities and assets that provide healthcare services, integrating community-based and academic medical centers to achieve improved outcomes and cost savings. Financially and operationally, Penn State Health supports the Pennsylvania State University College of Medicine. In recent years, Penn State Health has expanded substantially, focusing on building an academic health system anchored by the tertiary/quaternary care resources of Milton S. Hershey Medical Center. As of now, they operate four acute care hospitals, including Milton S. Hershey Medical Center, St. Joseph Regional Health Network, Holy Spirit Medical Center, and Penn State Health Hampden Medical Center. All hospitals provide inpatient, outpatient, and emergency care services, with Penn State Health Lancaster Medical Center set to open in October 2022. Their mission is to continually improve the health and well-being of the people of Pennsylvania and beyond.
Official website here: www.pennstatehealth.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 81%, Three-Star out of Four Star rating.
Penn State Health has received a Three-Star rating reflecting its stable performance in accountability and finance aspects. With an overall score of 81%, the organization demonstrates a commitment to transparency, evidenced by its comprehensive governance policies and practices. The presence of a majority independent board and robust financial oversight indicates a strong structure that prioritizes ethical management.
The nonprofit boasts an impressive program expense ratio of 82.12%, suggesting that a significant portion of its resources is directed toward its mission-driven activities. The organization has successfully established policies regarding conflicts of interest, whistleblower protections, and document retention, which further bolster its accountability measures.
Despite its strengths, the score suggests there may be opportunities for improvement in certain areas to enhance its overall rating. However, the solid financial practices and governance indicate that Penn State Health is effectively working towards its goals while maintaining a commendable level of accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Penn State Health legitimate?
Penn State Health is a legitimate nonprofit organization registered as a 501(c)(3) entity. Penn State Health submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $8,583,840
Professional Fundraising Fees: $0
Other Salaries and Wages: $321,378,090
For more financial information, click here
Official website here: www.pennstatehealth.org
What is the mission statement of Penn State Health?
Penn State Health is committed to enhancing the health and well-being of people, extending beyond Pennsylvania's borders. The organization delivers excellent, compassionate, and equitable care to patients while educating and training healthcare professionals. Penn State Health also advances medical innovation through research and discovery. Additionally, it supports the Pennsylvania State University and its College of Medicine, with their missions intertwined and mutually beneficial. Penn State Health has undergone significant growth in recent years, focusing on building an academic health system anchored by its academic tertiary/quaternary care resources. The organization operates several not-for-profit acute care hospitals, including the Milton S. Hershey Medical Center and St. Joseph Regional Health Network, among others. All hospitals provide inpatient, outpatient, and emergency care services. Penn State Health is planning to open a new acute care hospital, the Penn State Health Lancaster Medical Center, to further expand its reach.
Official website here: www.pennstatehealth.org
Who is the CEO of Penn State Health?
Stephen Massini is the Director/President/Ceo of Penn State Health. The CEO's salary of Penn State Health is $2,036,683 and their total compensation is $2,095,427.
Official website here: www.pennstatehealth.org
What is the revenue of Penn State Health?
Penn State Health's revenue in 2022 was $528,411,422.
Official website here: www.pennstatehealth.org
Who are the executives of Penn State Health and what are their salaries?
The average compensation at Penn State Health during 2022 was $62,105. There are 5313 employees and 11 volunteers at Penn State Health.
Here are 33 key members and their salaries (Penn State Health's CEO's salary is $2,036,683 and their total compensation is $2,095,427):
- Compensation: $2,036,683
- Related: $0
- Other: $58,744
- Compensation: $0
- Related: $1,301,048
- Other: $45,395
- Compensation: $0
- Related: $1,141,668
- Other: $42,777
- Compensation: $0
- Related: $464,853
- Other: $48,749
- Compensation: $0
- Related: $345,467
- Other: $54,900
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $911,609
- Related: $0
- Other: $87,240
- Compensation: $0
- Related: $738,739
- Other: $55,470
- Compensation: $332,353
- Related: $0
- Other: $58,768
- Compensation: $0
- Related: $254,967
- Other: $95,500
- Compensation: $288,292
- Related: $0
- Other: $17,760
- Compensation: $94,748
- Related: $0
- Other: $10,435
- Compensation: $1,224,046
- Related: $0
- Other: $53,126
- Compensation: $836,745
- Related: $0
- Other: $83,586
- Compensation: $692,820
- Related: $0
- Other: $79,741
- Compensation: $533,100
- Related: $0
- Other: $56,663
- Compensation: $452,156
- Related: $0
- Other: $71,185
- Compensation: $885,234
- Related: $0
- Other: $56,276
- Compensation: $828,227
- Related: $0
- Other: $58,402
- Compensation: $781,901
- Related: $0
- Other: $52,228
- Compensation: $756,111
- Related: $0
- Other: $58,822
- Compensation: $695,709
- Related: $0
- Other: $53,193
- Compensation: $905,466
- Related: $0
- Other: $0
Official website here: www.pennstatehealth.org
Where can I find the form 990 for Penn State Health?
Penn State Health's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pennstatehealth.org
Learn more at the official website: www.pennstatehealth.org
Mission Statement of Penn State Health
Penn State Health is a mission-driven organization dedicated to continually improving the health and well-being of people, not just in Pennsylvania but beyond. The nonprofit prioritizes delivering excellent, compassionate, and equitable care to patients, while also educating and training healthcare professionals and advancing evidence-based medical innovations through research and discovery. Penn State Health's goals extend beyond its own organization, as it plays a crucial role in supporting the Pennsylvania State University. It does this by managing and supporting facilities and other assets that provide healthcare services, integrating community-based and academic medical center healthcare, and financially and operationally supporting the Pennsylvania State University College of Medicine. Through these efforts, Penn State Health offers the College of Medicine additional platforms for education and research and generates shared revenue. In recent years, Penn State Health has undergone substantial growth, creating a high-quality, large-scale integrated healthcare delivery system to serve populations in Southcentral Pennsylvania. The organization operates four acute care hospitals, including the Milton S. Hershey Medical Center, St. Joseph Regional Health Network, Holy Spirit Medical Center, and Penn State Health Hampden Medical Center. All acute care hospitals provide inpatient, outpatient, and emergency care services. As of June 30, 2022, Penn State Health was preparing to open a newly constructed acute care hospital, the Penn State Health Lancaster Medical Center, in Lancaster County.
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Impact
October, 2024
Penn State Health continually improves the health and well-being of individuals in Pennsylvania and beyond through a comprehensive healthcare delivery system. By integrating community-based care with academic medical center resources, it enhances health outcomes while striving to reduce care costs through increased efficiency.
The organization maintains four acute care hospitals, including the Milton S. Hershey Medical Center, which serves as a cornerstone for advanced medical care and innovation. With a focus on patient-centered service, Penn State Health provides high-quality inpatient, outpatient, and emergency care across its facilities.
In addition to managing hospitals, Penn State Health plays a critical role in supporting the Pennsylvania State University College of Medicine, fostering a symbiotic relationship that enhances educational and research opportunities. This collaboration not only bolsters the academic framework but also ensures a pipeline of skilled clinicians and scientists committed to advancing medical practice.
Recent expansions, such as the introduction of the Penn State Health Lancaster Medical Center, exemplify its commitment to addressing community health needs. Through compassionate care, professional training, and breakthrough research, Penn State Health significantly contributes to the overall health landscape, benefiting countless lives in the region.
This information is meant to be a general summary of Penn State Health. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $25,061,743
- Program Service Revenue: $455,368,029
- Gross Receipts: $1,066,595,811
Assets and Liabilities:
- Total Assets: $1,585,838,588
- Total Liabilities: $2,099,567,949
- Net Assets: -$513,729,361
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEE
Revenue
$238,256,129
NET PATIENT SERVICES
Revenue
$140,200,740
SERVICES RENDERED CONT
Revenue
$54,413,072
PHARMACY RETAIL SALES
Revenue
$20,592,592
AMBULANCE SERVICE MEMB
Revenue
$1,905,496
Organization Details
Founding Year
2014
Phone
(717) 531-8477Principal Officer
Stephen Massini
Main Address
100 CRYSTAL A DRIVE MC CA210, HERSHEY, PA, 17033
Website
www.pennstatehealth.orgNTEE Category
Code: E19 - Health
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