Nazareth Hospital
- Assets
- $76.6m
- Revenue
- $170.0m
- Investments
- $190.1k
- Employees
- 1,354
- Location
- Newtown Square, PA
- Founding
- 02/1996
- Data as of
- 06/2022
- EIN
- 23-2794121
Organization Overview
Nazareth Hospital is located in Newtown Square, PA. The organization was established in 1996. 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 06/2022, Nazareth Hospital employed 1,354 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nazareth 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 06/2022, Nazareth Hospital generated $170.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $177.3m during the year ending 06/2022. While expenses have increased by 2.4% 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 AND HOSPITAL SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
NAZARETH HOSPITAL HAS SERVED NORTHEAST PHILADELPHIA AND THE SURROUNDING REGION FOR MORE THAN 70 YEARS. WITH MORE THAN 100 INPATIENT BEDS AND A HOST OF OUTPATIENT SERVICES, NAZARETH HOSPITAL OFFERS OUTSTANDING DIAGNOSTIC, MEDICAL, SURGICAL AND THERAPEUTIC CARE WITH STATE-OF-THE-ART TECHNOLOGY. WITH THE DEDICATION OF MORE THAN 1,200 EMPLOYEES AND 350 PHYSICIANS AND SPECIALISTS, NAZARETH HOSPITAL TREATS PATIENTS AND THEIR FAMILIES WITH RESPECT AND COMPASSION WHILE PROVIDING HEALTH CARE SERVICES IN RESPONSE TO THE CHANGING NEEDS OF THE COMMUNITY. NAZARETH HOSPITAL PROVIDES FREE CARE, SUBSIDIZES THE CARE OF MEDICARE AND MEDICAID PATIENTS WHERE THE GOVERNMENT REIMBURSEMENT IS BELOW COST, AND SPONSORS HEALTH PROGRAMS AND ACTIVITIES FOR THE COMMUNITY. THESE PROGRAMS INCLUDE WELLNESS PROGRAMS, COMMUNITY EDUCATION PROGRAMS, SPECIAL PROGRAMS FOR THE ELDERLY, HANDICAPPED, MEDICALLY UNDERSERVED AND A VARIETY OF BROAD COMMUNITY SUPPORT ACTIVITIES. NAZARETH HOSPITAL OFFERS A FULL RANGE OF SERVICES IN AN INPATIENT AND OUTPATIENT SETTING AS WELL AS 24 HOUR EMERGENCY CARE, SURGICAL SERVICES, CANCER CARE, STROKE CARE, KNEE AND HIP REPLACEMENT, AMONG MANY OTHER HEALTH CARE SERVICES. IN FY22, THE HOSPITAL PROVIDED 40,620 PATIENT DAYS OF HEALTHCARE SERVICES TO THE COMMUNITY.PLEASE VISIT SCHEDULE H AND OUR WEBSITE FOR ADDITIONAL INFORMATION ABOUT OUR SERVICES, RECOGNITIONS AND AWARDS: WWW.TRINITYHEALTHMA.ORG/LOCATION/NAZARETH-HOSPITAL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Woodward Dir; Pres & CEO Mid-Atlantic Region | Trustee | 1 | $0 |
Julie Washington Director;trinity SVP Chief Mktg & Comm | Trustee | 1 | $0 |
Maryanne Spallucci Treasurer; Thma Reg CFO Thru 1/22 | Officer | 1 | $0 |
Catherine Mikus Secretary; General Counsel | Officer | 1 | $0 |
Michael Magro President | Officer | 55 | $0 |
Edward O'dell DO Chief Medical Officer | Officer | 50 | $374,414 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Northstar Anesthesia Of Pa Llc Physician Services | 6/29/22 | $1,481,820 |
Northstar Anesthesia Of In Llc Physician Services | 6/29/22 | $1,420,203 |
Bma Philadelphia Dialysis Services | 6/29/22 | $854,152 |
Radiology Affiliates Of Cent New Jersey Physician Services | 6/29/22 | $826,000 |
Hallmark Health Care Solutions Inc Temporary Medical Staffing Services | 6/29/22 | $700,756 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $101,640 |
| Government grants | $1,116,047 |
| All other contributions, gifts, grants, and similar amounts not included above | $186,962 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,404,649 |
| Total Program Service Revenue | $167,131,604 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $961,997 |
| Net Gain/Loss on Asset Sales | -$20,554 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $170,013,992 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $93,917 |
| 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. | $913,309 |
| Compensation of current officers, directors, key employees. | $913,309 |
| Compensation to disqualified persons | $323,064 |
| Other salaries and wages | $64,390,967 |
| Pension plan accruals and contributions | $2,297,094 |
| Other employee benefits | $5,655,597 |
| Payroll taxes | $4,715,895 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $32,824 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $135,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,300,465 |
| Advertising and promotion | $674,224 |
| Office expenses | $2,461,870 |
| Information technology | $46,310 |
| Royalties | $0 |
| Occupancy | $3,045,141 |
| Travel | $67,434 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $52,284 |
| Interest | $312,507 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,828,835 |
| Insurance | $5,593,475 |
| All other expenses | $3,435,166 |
| Total functional expenses | $177,266,510 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,265 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,308,086 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,015,872 |
| Prepaid expenses and deferred charges | $204,050 |
| Net Land, buildings, and equipment | $44,076,992 |
| Investments—publicly traded securities | $285,158 |
| Investments—other securities | $190,105 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,526,575 |
| Total assets | $76,611,103 |
| Accounts payable and accrued expenses | $16,932,340 |
| Grants payable | $0 |
| Deferred revenue | $2,855 |
| 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 | $264,987 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $20,716,137 |
| Total liabilities | $37,916,319 |
| Net assets without donor restrictions | $38,219,520 |
| Net assets with donor restrictions | $475,264 |
| 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 | $76,611,103 |