St Mary Medical Center
- Assets
- $1.0b
- Revenue
- $408.3m
- Investments
- $124.8m
- Employees
- 3,003
- Location
- Langhorne, PA
- Founding
- 03/1946
- Data as of
- 06/2020
- EIN
- 23-1913910
Organization Overview
St Mary Medical Center is located in Langhorne, PA. The organization was established in 1946. 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 06/2021, St Mary Medical Center employed 3,003 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. St Mary Medical Center 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, St Mary Medical Center generated $408.3m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $398.0m during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, St Mary Medical Center has awarded 128 individual grants totaling $9,711,868. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTH CARE AND HOSPITAL SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
ST. MARY MEDICAL CENTER (SMMC) OF BUCKS COUNTY IS A 373-BED HOSPITAL LOCATED IN LANGHORNE, PA, THAT HAS BEEN IN OPERATION SINCE 1973. SMMC'S SERVICES INCLUDE A COMPREHENSIVE CARDIOVASCULAR PROGRAM; THE ONLY STATE-ACCREDITED TRAUMA CENTER IN BUCKS COUNTY; EMERGENCY SERVICES WITH A DEDICATED PEDIATRIC EMERGENCY CARE CENTER; A JOINT COMMISSION-CERTIFIED PRIMARY STROKE CENTER; NEUROSCIENCES; SPECIALIZED DIAGNOSTIC IMAGING; OBSTETRICS AND NICU; A JOINT COMMISSION-CERTIFIED JOINT REPLACEMENT PROGRAM; EXCEPTIONAL ORTHOPEDIC SURGICAL CAPABILITIES AND REHABILITATION; A JOINT COMMISSION-CERTIFIED SLEEP DISORDERS CENTER; A FREE-STANDING INPATIENT REHABILITATION HOSPITAL; PAIN MANAGEMENT; WOUND HEALING AND HYPERBARIC MEDICINE CENTER; THE ST. MARY BREAST CENTER; AND THE ST. MARY REGIONAL CANCER CENTER. IN FY21 THE HOSPITAL PROVIDED 82,390 PATIENT DAYS OF HEALTH CARE SERVICES TO THE COMMUNITY. PLEASE SEE SCHEDULE H AND VISIT THE WEBSITE AT WWW.TRINITYHEALTHMA.ORG/LOCATION/ST-MARY-MEDICAL-CENTER FOR ADDITIONAL INFORMATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carmine Volpe MD Vp, Chief Medical Officer Thru 4/21 | Officer | 50 | $418,537 |
Barbara Jacobelli Physician Advisor | Officer | 50 | $234,917 |
Sharon Profera Former Officer | 0 | $112,868 | |
Larry Brilliant MD Director; President | OfficerTrustee | 55 | $0 |
Joseph Desantis Director; Chair | OfficerTrustee | 1 | $0 |
Rebecca Kerchner Director; Vice Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Middletown Anesthesia Group Medical Services | 6/29/21 | $5,019,235 |
Sound Physicians Medical Services | 6/29/21 | $2,827,954 |
Fastaff Llc Staffing Services | 6/29/21 | $2,617,246 |
Florkowski Builders Inc Construction Services | 6/29/21 | $2,428,990 |
Radiology Affiliates Of Centrl New Jerse Medical Services | 6/29/21 | $2,382,961 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,775,488 |
| Investment income | $8,235,783 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $475,061 |
| Net Gain/Loss on Asset Sales | $4,247,329 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $408,275,313 |
| 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. | $1,432,123 |
| Compensation to disqualified persons | $370,707 |
| Other salaries and wages | $145,735,490 |
| Pension plan accruals and contributions | $7,561,341 |
| Other employee benefits | $14,918,971 |
| Payroll taxes | $11,218,548 |
| Fees for services: Management | $10,171,373 |
| Fees for services: Legal | $1,062,204 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,729,113 |
| Fees for services: Other | $23,127,572 |
| Advertising and promotion | $3,240,570 |
| Office expenses | $3,634,791 |
| Information technology | $14,112,257 |
| Royalties | $0 |
| Occupancy | $8,343,724 |
| Travel | $716,676 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $74,360 |
| Interest | $4,587,560 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,561,488 |
| Insurance | $5,443,102 |
| All other expenses | $0 |
| Total functional expenses | $397,973,596 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,516,424 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $177,615 |
| Accounts receivable, net | $33,860,236 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,087,013 |
| Prepaid expenses and deferred charges | $332,149 |
| Investments—publicly traded securities | $317,763,168 |
| Investments—other securities | $124,842,523 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $362,291,089 |
| Total assets | $1,027,386,051 |
| Accounts payable and accrued expenses | $35,312,114 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $746,608 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $216,150,614 |
| Total liabilities | $252,209,336 |
| 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 | $775,176,715 |
Grants Awarded
Over the last fiscal year, St Mary Medical Center has awarded $651,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Warminster, PA PURPOSE: ENHANCE POPULATION HEALTH THROUGH SUPPORTIVE HOUSING PROGRAMS AND CASE MANAGEMENT SERVICES | $325,000 |
Washington, DC PURPOSE: ACCESS TO CARE MANAGEMENT FOR LOW INCOME FRAIL SENIORS LIVING WITH LIMITED SUPPORTS | $162,000 |
Langhorne, PA PURPOSE: ACCESS TO BEHAVIORAL HEALTH COUNSELING FOR LOW INCOME BUCKS COUNTY CLINIC STUDENTS IN CRISIS | $64,500 |
Fairless Hills, PA PURPOSE: ENHANCE POPULATION HEALTH TO PROMOTE HEALTHY LIFESTYLES FOR ADULTS AND CHILDREN | $50,000 |
Dallas, TX PURPOSE: ANNUAL PLEDGE EXECUTIVES | $30,000 |
Langhorne, PA PURPOSE: SPONSORSHIP | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that St Mary Medical Center has recieved totaling $300,000.
| Awarding Organization | Amount |
|---|---|
Rama And Shashi Marda Foundation upper holland, PA PURPOSE: CHARITABLE | $300,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Presbyterian Medical Center Of The University Of Pennsylvania Health Philadelphia, PA | $864,132,692 | $1,007,924,819 |
Newyork-Presbyterian-Queens Flushing, NY | $898,800,022 | $913,594,490 |
New York-Presbyterian Brooklyn Methodist Brooklyn, NY | $1,733,884,296 | $932,635,722 |
Kettering College Miamisburg, OH | $1,728,903,615 | $1,055,020,178 |
Abington Memorial Hospital Philadelphia, PA | $948,017,930 | $858,404,541 |
Englewood Hospital And Medical Center A New Jersey Nonprofit Corp Englewood, NJ | $770,563,796 | $890,451,423 |
Inspira Medical Centers Inc Bridgeton, NJ | $1,997,035,403 | $960,599,521 |
Valley Hospital Inc Ridgewood, NJ | $2,214,086,950 | $1,000,529,103 |
Sinai Hospital Of Baltimore Inc Baltimore, MD | $642,141,254 | $936,777,270 |
St Francis Hospital Roslyn, NY | $1,505,143,319 | $834,224,682 |
Virtu-West Jersey Health System Inc Marlton, NJ | $2,706,789,713 | $1,000,808,483 |
Bronxcare Health System Bronx, NY | $743,333,524 | $835,076,495 |