St Joseph Regional Health Network
- Assets
- $174.7m
- Revenue
- $307.4m
- Investments
- $0.0
- Employees
- 1,938
- Location
- Hershey, PA
- Founding
- 01/2016
- Data as of
- 06/2021
- EIN
- 23-1352211
Organization Overview
St Joseph Regional Health Network, operating under the name Penn State Health St Joseph, is located in Hershey, PA. The organization was established in 2016. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2022, Penn State Health St Joseph employed 1,938 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Penn State Health St Joseph 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, Penn State Health St Joseph generated $307.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $298.8m during the year ending 06/2021. While expenses have increased by 3.4% 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.
Since 2015, Penn State Health St Joseph has awarded 21 individual grants totaling $205,841,734. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO NURTURE THE HEALING MINISTRY OF THE CHURCH, SUPPORTED BY EDUCATION AND RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE H
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Massini Director / Psh CEO | Trustee | 1 | $0 |
Louis Borgatta MD Director / Physician | Trustee | 1 | $0 |
Joseph Frank President | OfficerTrustee | 48 | $0 |
Joel Baker Dir/pres Med Staff (as Of 12/21) | Trustee | 40 | $0 |
Deborah Addo Director (as Of 11/21) / Psh COO | Trustee | 1 | $0 |
Heidi B Masano Chair / Director | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Quest Diagnostics Inc Lab Services | 6/29/22 | $4,447,175 |
Dolan Construction Construction | 6/29/22 | $3,217,458 |
Sodexo Inc Food & Dietary Services | 6/29/22 | $2,932,754 |
Emergency Physician Associates Of Pa Pc Physician Services | 6/29/22 | $1,728,253 |
On Top Medical Llc Contracted Staff | 6/29/22 | $1,155,145 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,995,198 |
| Investment income | $19,133 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,182,003 |
| Net Gain/Loss on Asset Sales | -$24,498 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $307,422,246 |
| 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. | $1,886,078 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $87,156,346 |
| Pension plan accruals and contributions | $3,358,976 |
| Other employee benefits | $15,167,973 |
| Payroll taxes | $6,309,055 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $800 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $29,021,566 |
| Advertising and promotion | $1,291 |
| Office expenses | $4,160,019 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,935,681 |
| Travel | $41,495 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $60,227 |
| Interest | $3,820,625 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,431,119 |
| Insurance | $1,726,766 |
| All other expenses | $0 |
| Total functional expenses | $298,750,670 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $11,903,636 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $31,241,214 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,576,611 |
| Prepaid expenses and deferred charges | $1,061,356 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,683,591 |
| Total assets | $174,700,776 |
| Accounts payable and accrued expenses | $41,832,224 |
| Grants payable | $0 |
| Deferred revenue | $21,567,580 |
| 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 | $125,972,486 |
| Total liabilities | $189,372,290 |
| 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 | -$14,671,514 |
Grants Awarded
Over the last fiscal year, St Joseph Regional Health Network has awarded $38,059,939 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
ST JOSEPH MEDICAL GROUP PURPOSE: PROGRAM SUPPORT | $37,552,083 |
ST JOSEPH MEDICAL CENTER FOUNDATION PURPOSE: PROGRAM SUPPORT | $351,124 |
CARON TREATMENT CENTERS PURPOSE: PROGRAM SUPPORT | $10,000 |
ALVERNIA UNIVERSITY PURPOSE: PROGRAM SUPPORT | $5,500 |
CLARE OF ASSISI HOUSE INC PURPOSE: PROGRAM SUPPORT | $8,000 |
DIOCESE OF ALLENTOWN PURPOSE: PROGRAM SUPPORT | $5,600 |