Penn State Health Holy Spirit Medical Center
- Assets
- $95.4m
- Revenue
- $326.2m
- Investments
- $0.0
- Employees
- 1,948
- Location
- Hershey, PA
- Founding
- 03/2015
- Data as of
- 06/2020
- EIN
- 23-1512747
Organization Overview
Penn State Health Holy Spirit Medical Center, operating under the name Geisinger Holy Spirit Hospital, is located in Hershey, PA. The organization was established in 2015. 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, Geisinger Holy Spirit Hospital employed 1,948 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Geisinger Holy Spirit Hospital 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 06/2020, Geisinger Holy Spirit Hospital generated $326.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $296.1m during the year ending 06/2020. While expenses have increased by 0.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES HEALTH SERVICES IN THE GREATER HARRISBURG AREA AND SOUTH CENTRAL PENNSYLVANIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A 307-BED ACUTE CARE HOSPITAL, PENN STATE HEALTH HOLY SPIRIT MEDICAL CENTER SERVES THE GREATER HARRISBURG REGION WITH OUTPATIENT AND INPATIENT DIAGNOSTIC, MEDICAL AND SURGICAL SERVICES ON ITS EAST PENNSBORO TOWNSHIP CAMPUS AND OUTPATIENT LOCATIONS IN CUMBERLAND, DAUPHIN, PERRY AND NORTHERN YORK COUNTIES. THE FOUR-STORY ORTENZIO HEART CENTER AT PENN STATE HEALTH HOLY SPIRIT MEDICAL CENTER IS DEVOTED TO THE CARE AND TREATMENT OF PATIENTS WITH HEART PROBLEMS. ITS LEVEL II TRAUMA CENTER PHYSICIANS AND STAFF PROVIDE AROUND-THE-CLOCK COMPLEX CRITICAL CARE FOR THOSE SUFFERING FROM LIFE-THREATENING INJURIES.PENN STATE HEALTH (PSH), GEISINGER AND HOLY SPIRIT HEALTH SYSTEM (HSHS) ENTERED INTO A MEMBER SUBSTITUTION AGREEMENT ON (CONTINUED IN SCH O)OCTOBER 30, 2020. PSH, GEISINGER AND HSHS ENTERED INTO THE MEMBER SUBSTITUTION AGREEMENT PURSUANT TO WHICH PSH HAS AGREED TO REPLACE GEISINGER AS THE SOLE CORPORATE MEMBER OF HSHS IN ORDER TO FULLY INTEGRATE HSHS AND THE HSHS ENTITIES INTO PSH. THEREFORE, HSHS EFFECTIVELY DISSOLVED ON THE EFFECTIVE DATE OF THE MERGER, OCTOBER 30, 2020. ANY FINANCIAL ACTIVITY THROUGH THE END OF THE FISCAL YEAR WAS REPORTED ON THE FILING ORGANIZATIONS TAX RETURN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kyle C Snyder Mha Cao, Director (thru 10/31/2020) | OfficerTrustee | 40 | $437,581 |
Randy B Morris Treasurer (thru 10/31/2020) | Officer | 40 | $387,011 |
Joseph A Torchia MD Cmo, Hshs | 40 | $380,019 | |
Gloria Santos Vp, Cno | Officer | 40 | $276,956 |
Richard Schreiber Associate Cio | 40 | $272,442 | |
Ellen R Lenkevich Crnp Vp, Chief Nursing Officer Hshs | 40 | $248,096 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Geisinger Health System Purchased Services | 6/29/21 | $8,991,138 |
Sodexo Inc Dietary Etc | 6/29/21 | $5,397,841 |
H And N Landscaping Llc Landscaping | 6/29/21 | $601,953 |
Total Renal Care Inc Purchased Services | 6/29/21 | $500,916 |
Hcsc Laundry - A Divi Of Hosp Centr Housekeeping | 6/29/21 | $495,029 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,670 |
| Investment income | $51,841 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $290,424 |
| Net Gain/Loss on Asset Sales | $867,169 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $326,188,059 |
| 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. | $1,236,478 |
| Compensation to disqualified persons | $730,849 |
| Other salaries and wages | $92,683,883 |
| Pension plan accruals and contributions | $4,372,916 |
| Other employee benefits | $15,954,237 |
| Payroll taxes | $7,131,787 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $42,709 |
| Fees for services: Accounting | $46,456 |
| Fees for services: Lobbying | $191,328 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,426,569 |
| Advertising and promotion | $21,141 |
| Office expenses | $7,415,552 |
| Information technology | $1,762,807 |
| Royalties | $0 |
| Occupancy | $7,638,018 |
| Travel | $385,788 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,215 |
| Interest | $3,650,914 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,288,678 |
| Insurance | $3,899,101 |
| All other expenses | $0 |
| Total functional expenses | $296,060,776 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $343,100 |
| Savings and temporary cash investments | $24,235,536 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $35,356,135 |
| Loans from Officers, Directors, or Controlling Persons | $19,743 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,648,664 |
| Inventories for sale or use | $5,554,233 |
| Prepaid expenses and deferred charges | $2,731,775 |
| Investments—publicly traded securities | $3,998,407 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $95,423,962 |
| Accounts payable and accrued expenses | $3,838,457 |
| Grants payable | $0 |
| Deferred revenue | $25,790,683 |
| Tax-exempt bond liabilities | $4,194,445 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $603,410 |
| Secured mortgages and notes payable | $11,549,513 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $62,779,985 |
| Total liabilities | $108,756,493 |
| 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 | -$13,332,531 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Penn State Health Holy Spirit Medical Center has recieved totaling $5,772.
| Awarding Organization | Amount |
|---|---|
Geisinger Health Danville, PA PURPOSE: CAPITAL PROG/SERVICE | $5,772 |
Endowment Analysis
| Beg. Balance | $373,386,246 |
| Earnings | $132,619 |
| Net Contributions | $196,220 |
| Other Expense | $370,741,853 |
| Ending Balance | $2,973,232 |
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 |