St Joseph Regional Health Network
- Assets
- $174.7m
- Revenue
- $307.4m
- Investments
- $0.0
- Employees
- 1,775
- Location
- Reading, 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 Reading, 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 06/2021, Penn State Health St Joseph employed 1,775 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 6 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $298.8m during the year ending 06/2021. While expenses have increased by 3.9% per year over the past 6 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 13 individual grants totaling $207,746,263. 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
990T
Mission & Program ActivityExcerpts From the 990T 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:
SEE SCHEDULE H
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 |
|---|---|---|---|
Joseph Frank President | OfficerTrustee | 49 | $420,660 |
Sara Kleiman Physician Advisor | 40 | $373,329 | |
Jeffrey Held MD Vp, Medical Affairs | Officer | 49 | $355,707 |
John Morahan Former Officer (thru 5/2020) | 0 | $280,350 | |
Sharon Strohecker Vp, Nursing And Cno (thru 4/2021) | Officer | 40 | $277,670 |
Courtney Coffman Former Officer (thru 12/2019) | 0 | $270,577 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Inc Food & Dietary Services | 6/29/21 | $3,623,824 |
Quest Diagnostics Inc Lab Services | 6/29/21 | $3,309,711 |
Burkey Corporation Construction Services | 6/29/21 | $2,222,049 |
Emergency Physician Associates Of Pa Physician Services | 6/29/21 | $1,821,151 |
Healthtrust Workforce Solutions Temp Help | 6/29/21 | $1,436,811 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,932,836 |
| Government grants | $12,362 |
| All other contributions, gifts, grants, and similar amounts not included above | $50,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,995,198 |
| Total Program Service Revenue | $300,091,630 |
| 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 organizations and domestic governments. | $36,715,406 |
| 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 of current officers, directors, key employees. | $720,288 |
| 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 | $1,790,083 |
| 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 |
| Net Land, buildings, and equipment | $122,234,368 |
| 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 | -$17,929,886 |
| Net assets with donor restrictions | $3,258,372 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $174,700,776 |
Grants Awarded
Over the last fiscal year, St Joseph Regional Health Network has awarded $36,715,406 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ST JOSEPH MEDICAL GROUP PURPOSE: PROGRAM SUPPORT | $36,024,630 |
Reading, PA PURPOSE: PROGRAM SUPPORT | $690,776 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that St Joseph Regional Health Network has recieved totaling $500,000.
| Awarding Organization | Amount |
|---|---|
The Giorgi Family Foundation Temple, PA PURPOSE: GENERAL DONATION | $500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Capital Health System Inc Trenton, NJ | $1,004,952,628 | $942,087,433 |
Physician Affiliate Group Of New York Pc New York, NY | $38,559,626 | $838,367,537 |
South Shore University Hospital Westbury, NY | $537,264,084 | $780,287,744 |
St Barnabas Hospital Bronx, NY | $509,709,936 | $489,229,934 |
Southern Ohio Medical Center Portsmouth, OH | $685,497,488 | $516,045,516 |
Barnabas Health Medical Group P C Oceanport, NJ | $150,195,711 | $412,355,034 |
Richmond Medical Center Staten Island, NY | $435,447,032 | $376,664,767 |
Virtua Medical Group Pa Marlton, NJ | $139,534,325 | $238,443,738 |
Upmc Western Maryland Corporation Cumberland, MD | $700,315,252 | $389,297,426 |
Trinitas Regional Medical Center A New Jersey Nonprofit Corporation Elizabeth, NJ | $505,269,561 | $345,999,545 |
St Lukes Hospital Anderson Campus Allentown, PA | $273,325,539 | $361,430,735 |
St Joseph Regional Health Network Reading, PA | $174,700,776 | $307,422,246 |