Abington Memorial Hospital
- Assets
- $948.0m
- Revenue
- $858.4m
- Investments
- $0.0
- Employees
- 7,085
- Location
- Philadelphia, PA
- Founding
- 02/1935
- Data as of
- 06/2021
- EIN
- 23-1352152
Organization Overview
Abington Memorial Hospital, operating under the name Abington Hospital - Jefferson Health, is located in Philadelphia, PA. The organization was established in 1935. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2022, Abington Hospital - Jefferson Health employed 7,085 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Abington Hospital - Jefferson Health is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Abington Hospital - Jefferson Health generated $858.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $916.5m during the year ending 06/2021. While expenses have increased by 3.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF ABINGTON MEMORIAL HOSPITAL D/B/A ABINGTON HOSPITAL - JEFFERSON HEALTH IS TO IMPROVE LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED IN PROVIDING EMERGENCY AND MEDICALLY NECESSARY HEALTHCARE SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN, OR ABILITY TO PAY. PLEASE REFER TO SCHEDULE O FOR THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alison L Ferren MBA President/coo - Trustee | OfficerTrustee | 55 | $751,168 |
Orlando C Kirton MD Chair, Dept Of Surgery | 55 | $833,455 | |
Deborah A Datte ESQ Former Officer | 0 | $787,874 | |
Douglas Laske MD Neurosurgeon | 55 | $754,935 | |
Meghan O Patton Former Officer | 55 | $625,136 | |
Michael Yoon MD Neurosurgeon | 55 | $700,225 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
General Healthcare Resources Inc Staffing | 6/29/22 | $8,437,234 |
Thomas Jefferson University Corporate Services | 6/29/22 | $133,969,213 |
Lf Driscoll Company Llc Construction | 6/29/22 | $6,856,108 |
United Anesthesia Service Pc Medical | 6/29/22 | $6,428,321 |
Radiology Group Of Abington Pc Medical | 6/29/22 | $5,397,784 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,109,681 |
| Investment income | $6,864,549 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,115,368 |
| Net Gain/Loss on Asset Sales | $2,986,207 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $858,404,541 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,779,973 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $436,371,614 |
| Pension plan accruals and contributions | $13,468,845 |
| Other employee benefits | $54,574,042 |
| Payroll taxes | $32,369,161 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,258,219 |
| Fees for services: Accounting | $392,598 |
| Fees for services: Lobbying | $48,245 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $90,162,147 |
| Advertising and promotion | $3,305,469 |
| Office expenses | $11,083,285 |
| Information technology | $11,819,272 |
| Royalties | $0 |
| Occupancy | $20,718,423 |
| Travel | $1,086,057 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $178,555 |
| Interest | $8,971,788 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $42,724,857 |
| Insurance | $8,449,258 |
| All other expenses | $0 |
| Total functional expenses | $916,519,033 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,031,976 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $201,275 |
| Accounts receivable, net | $60,930,404 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $280,696 |
| Inventories for sale or use | $9,840,073 |
| Prepaid expenses and deferred charges | $1,676,575 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $124,082,696 |
| Intangible assets | $0 |
| Other assets | $262,431,901 |
| Total assets | $948,017,930 |
| Accounts payable and accrued expenses | $103,492,569 |
| Grants payable | $0 |
| Deferred revenue | $1,038,517 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $719,372,933 |
| Total liabilities | $823,904,019 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $124,113,911 |
Grants Awarded
Over the last fiscal year, Abington Memorial Hospital has awarded $37,096 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SUSAN G KOMEN BREAST CANCER FDN INC PURPOSE: GENERAL SUPPORT | $14,083 |
INDEPENDENCE FOUNDATION PURPOSE: GENERAL SUPPORT | $16,430 |
PENNSYLVANIA DEPARTMENT OF HEALTH PURPOSE: GENERAL SUPPORT | $6,583 |