Trinity Health Of The Mid-Atlantic Region
- Assets
- $176.8m
- Revenue
- $95.1m
- Investments
- $47.8m
- Employees
- 0
- Location
- Newtown Square, PA
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 23-2212638
Organization Overview
Trinity Health Of The Mid-Atlantic Region is located in Newtown Square, PA. The organization was established in 1946. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Trinity Health Of The Mid-Atlantic Region 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, Trinity Health Of The Mid-Atlantic Region generated $95.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $80.9m during the year ending 06/2021. While expenses have increased by 1.4% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTH CARE SYSTEM MANAGEMENT AND SUPPORT
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRINITY HEALTH OF THE MID-ATLANTIC REGION PROVIDES OVERSIGHT AND SUPPORT FOR ITS AFFILIATED NOT-FOR-PROFIT ENTITIES SERVING A NUMBER OF DIVERSE COMMUNITIES THROUGHOUT DELAWARE AND PENNSYLVANIA. BY PROVIDING LONG-RANGE STRATEGIC PLANNING, FINANCIAL, LEGAL, AND OTHER EXPERTISE, THE SYSTEM HELPS ITS CONSTITUENT ENTITIES ACHIEVE THEIR OBJECTIVE OF PROVIDING STATE-OF-THE-ART HEALTH CARE SERVICES TO MANY SEGMENTS OF THE COMMUNITY INCLUDING THOSE WHO ARE TRADITIONALLY UNDERSERVED SUCH AS THE POOR AND ELDERLY. PLEASE VISIT OUR WEBSITE FOR ADDITIONAL INFORMATION: WWW.TRINITYHEALTHMA.ORG
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Woodward Director; President & CEO | OfficerTrustee | 47 | $0 |
Joseph Desantis Director; Chair | OfficerTrustee | 1 | $0 |
Rebecca Kerchner Director; Vice Chair | OfficerTrustee | 1 | $0 |
Sharon Carney MD Chief Clinical Officer | Officer | 50 | $0 |
Maryanne Spallucci Treasurer; Regional CFO | Officer | 47 | $0 |
Catherine Mikus Secretary; General Counsel | Officer | 42 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Northstar Anesthesia Of In Llc Physician Services | 6/29/21 | $5,372,816 |
Athenahealth Inc Collections Services | 6/29/21 | $1,611,651 |
Hgs Ebos Llc Collections Services | 6/29/21 | $597,291 |
Healthcare Receivable Specialists Inc Collections Services | 6/29/21 | $994,771 |
Harmelin Media Advertising | 6/29/21 | $699,283 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $51,330 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $51,330 |
| Total Program Service Revenue | $82,435,946 |
| Investment income | $3,389,171 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $202,371 |
| Net Gain/Loss on Asset Sales | $7,920,388 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $95,052,578 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $40,000 |
| 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. | $2,714,903 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $1,316,429 |
| Other salaries and wages | $14,889,551 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $431,908 |
| Payroll taxes | $1,263,156 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $860,297 |
| Fees for services: Accounting | $6,016 |
| Fees for services: Lobbying | $95,065 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $471,933 |
| Fees for services: Other | $5,135,188 |
| Advertising and promotion | $1,487,502 |
| Office expenses | $338,807 |
| Information technology | $21,439,197 |
| Royalties | $0 |
| Occupancy | $893,037 |
| Travel | $27,102 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $22,633 |
| Interest | $551,128 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,933,130 |
| Insurance | $36,765 |
| All other expenses | $547,926 |
| Total functional expenses | $80,859,734 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,000 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $87,530 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,122,354 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $90,215,516 |
| Investments—other securities | $47,838,013 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $37,520,222 |
| Total assets | $176,808,635 |
| Accounts payable and accrued expenses | $10,334,781 |
| Grants payable | $0 |
| Deferred revenue | $14,009 |
| 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 | $11,117,784 |
| Total liabilities | $21,466,574 |
| Net assets without donor restrictions | $155,342,061 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $176,808,635 |
Grants Awarded
Over the last fiscal year, Trinity Health Of The Mid-Atlantic Region has awarded $61,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Philadelphia, PA PURPOSE: COMMUNITY SUPPORT | $35,000 |
Oakland, CA PURPOSE: COMMUNITY SUPPORT | $26,500 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Trinity Health Of The Mid-Atlantic Region has recieved totaling $112,410.
| Awarding Organization | Amount |
|---|---|
Independence Blue Cross Foundation Philadelphia, PA PURPOSE: MHI | $100,113 |
Philadelphia Foundation Philadelphia, PA PURPOSE: GENERAL OPERATING SUPPORT | $12,297 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Josephs Health System Subordinate Group Return Paterson, NJ | $1,081,595,215 | $963,799,571 |
Hh Medstar Health Inc Columbia, MD | $303,491,180 | $865,504,764 |
University Hospitals Health System Inc Shaker Heights, OH | $6,082,138,000 | $960,105,000 |
Atlanticare Health System Inc Egg Harbor Township, NJ | $1,893,827,880 | $909,225,575 |
Aultman Health Foundation Group Return Canton, OH | $450,362,832 | $880,954,681 |
Geisinger System Services Danville, PA | $1,398,222,343 | $715,016,181 |
Bon Secours Charity Health System Affiliated Group Suffern, NY | $223,032,633 | $606,730,244 |
Highmark Health Pittsburgh, PA | $708,603,703 | $583,319,053 |
West Virginia University Medical Corporation Morgantown, WV | $212,648,584 | $571,153,959 |
Adena Health System Chillicothe, OH | $876,980,484 | $590,625,475 |
Hackensack Meridian Health Inc Edison, NJ | $279,460,343 | $549,822,020 |
The Johns Hopkins Health System Corporation Baltimore, MD | $2,298,014,981 | $561,406,992 |