Trinity Health Of The Mid-Atlantic Region
- Assets
- $672.8m
- Revenue
- $78.5m
- Investments
- $253.6m
- Employees
- 0
- Location
- Newtown Square, PA
- Founding
- 03/1946
- Data as of
- 06/2022
- 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 06/2022, Trinity Health Of The Mid-Atlantic Region generated $78.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $84.1m during the year ending 06/2022. While expenses have increased by 1.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
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 Dir; Pres & CEO Mid-Atlantic Region | OfficerTrustee | 27 | $0 |
Julie Washington Dir; Trinity SVP Chief Mktg & Comm | Trustee | 1 | $0 |
Sharon Carney MD SVP & Chief Medical Officer | Officer | 50 | $0 |
Maryanne Spallucci Treasurer; Thma Reg CFO Thru 1/22 | Officer | 47 | $0 |
Catherine Mikus Secretary; General Counsel | Officer | 42 | $0 |
Brian Mcdonough MD Vp, Chief Health Informatics Off. | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Athenahealth Inc Collections Services | 6/29/22 | $1,738,704 |
Healthcare Receivable Specialists Inc Collections Services | 6/29/22 | $800,159 |
Northstar Anesthesia Of In Llc Physician Services | 6/29/22 | $1,970,965 |
Change Healthcare Technologies Consulting | 6/29/22 | $421,337 |
Logixhealth Inc Fka Medical Reimbursemen Er Billing System | 6/29/22 | $376,284 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $100,094 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $100,094 |
| Total Program Service Revenue | $64,736,731 |
| Investment income | $8,077,290 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,731 |
| Net Gain/Loss on Asset Sales | $3,759,114 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $78,545,404 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,000 |
| 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. | $3,626,894 |
| Compensation of current officers, directors, key employees. | $3,626,894 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $23,035,734 |
| Pension plan accruals and contributions | $1,492,347 |
| Other employee benefits | $1,038,424 |
| Payroll taxes | $1,612,226 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $493,060 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $98,146 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,094,424 |
| Fees for services: Other | $5,114,224 |
| Advertising and promotion | $129,477 |
| Office expenses | $509,136 |
| Information technology | $18,379,691 |
| Royalties | $0 |
| Occupancy | $1,045,476 |
| Travel | $18,761 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $52,802 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,427,320 |
| Insurance | $49,564 |
| All other expenses | $0 |
| Total functional expenses | $84,107,871 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,001 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $69,688 |
| 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 | $1,004,609 |
| Net Land, buildings, and equipment | $122,513 |
| Investments—publicly traded securities | $381,905,776 |
| Investments—other securities | $253,580,544 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $36,091,596 |
| Total assets | $672,799,727 |
| Accounts payable and accrued expenses | $10,761,987 |
| 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 | $22,556,128 |
| Total liabilities | $33,332,124 |
| Net assets without donor restrictions | $639,467,603 |
| 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 | $672,799,727 |
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 |
|---|---|
PLAYWORKS EDUCATION ENERGIZED PURPOSE: COMMUNITY SUPPORT | $26,500 |
CRISTO RAY PHILADELPHIA HIGH SCHOOL PURPOSE: COMMUNITY SUPPORT | $35,000 |