Upmc
- Assets
- $68.1m
- Revenue
- $108.7m
- Investments
- $1.8m
- Employees
- 619
- Location
- Coudersport, PA
- Founding
- 10/1942
- Data as of
- 06/2022
- EIN
- 24-0802108
Organization Overview
Upmc, operating under the name Upmc Cole, is located in Coudersport, PA. The organization was established in 1942. 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, Upmc Cole employed 619 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Upmc Cole 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, Upmc Cole generated $108.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $101.4m during the year ending 06/2022. While expenses have increased by 2.0% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CHARLES COLE MEMORIAL HOSPITAL PROVIDES INPATIENT, OUTPATIENT, SKILLED NURSING & ANCILLARY HEALTHCARE SERVICES TO SURROUNDING RURAL COMMUNITIES OF NORTH CENTRAL PENNSYLVANIA.
Describe the Organization's Program Activity:
UPMC COLE OFFERS OUTPATIENT SERVICES, EXCEEDING 373,000 TESTS/TREATMENTS ANNUALLY THROUGHOUT THE HOSPITAL'S FOUR-COUNTY AREA AND INCLUDING IMAGING, LAB, CARDIO-PULMONARY, ONCOLOGY, HOME HEALTH, WOUND CARE AND REHABILITATION SERVICES. OUTPATIENT SURGERIES EXCEED 4,600 ANNUALLY. THE UPMC HILLMAN CANCER CENTER PROVIDES SPECIALTY ONCOLOGY SERVICES AND ADDITIONAL SUPPORTIVE SERVICES FOR PATIENTS AND THEIR FAMILIES. SEE SCHEDULE O FOR DETAIL.
UPMC COLE PROVIDES PRIMARY CARE TO THE SURROUNDING COMMUNITIES IN FOUR COUNTIES AT RURAL HEALTH CENTERS(RHCS), LOCATED IN COUDERSPORT, GALETON, ULYSSES, WESTFIELD, SHINGLEHOUSE, PORT ALLEGANY, ELDRED, SMETHPORT, AND EMPORIUM. COLLECTIVELY, 102,400 PATIENT VISITS WERE REPORTED LAST YEAR IN ADDITION TO 11,700 DENTAL VISITS. FOUR OF THOSE LOCATIONS ALSO INCLUDE WELLNESS AND REHABILITATION CENTERS, MAKING IT MORE CONVENIENT FOR PATIENTS TO RECEIVE THE SERVICES AND CARE THEY NEED CLOSE TO HOME. SEE SCHEDULE O FOR DETAIL.
UPMC COLE OFFERS VARIOUS INPATIENT SERVICES. UPMC COLE ADMITTED 1,260 ACUTE PATIENTS LAST YEAR (5,050 ACUTE CARE DAYS) TO INPATIENT SERVICES INCLUDING MEDICAL/SURGICAL, INTENSIVE CARE AND OBSTETRICS UNITS. UPMC COLE'S 24-HOUR EMERGENCY DEPARTMENT ADMITTED 880 PATIENTS LAST YEAR AND HAD 9,970 VISITS LAST YEAR. THE HOSPITAL'S MATERNITY UNIT WELCOMED 129 BABIES INTO THE WORLD LAST YEAR AND ALSO SUPPORTS MOTHERS-TO-BE WITH BREASTFEEDING SUPPORT PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven P Johnson Director | Trustee | 1 | $0 |
Terrance Foust DO Physician | 40 | $855,027 | |
Bradley Giannotti MD Physician | 40 | $851,353 | |
David J Lopatofsky MD Director/vice Chair End 12/21 | OfficerTrustee | 1 | $0 |
Saket Prasad MD Physician | 40 | $651,567 | |
Jeremy Reed MD Physician | 40 | $465,644 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mcclure Company Contracting | 6/29/22 | $1,839,415 |
Jason Micheal Kodat Md Physician Services | 6/29/22 | $532,985 |
Wade Porterfield Md Physician Services | 6/29/22 | $415,272 |
Hallstom Construction Contracting | 6/29/22 | $572,035 |
James N Rintoul Md Physician Services | 6/29/22 | $449,020 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $21,890 |
| Government grants | $1,291,187 |
| All other contributions, gifts, grants, and similar amounts not included above | $151,761 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,464,838 |
| Total Program Service Revenue | $107,005,582 |
| Investment income | $72,789 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $18,058 |
| Net Rental Income | -$245,421 |
| Net Gain/Loss on Asset Sales | $286,704 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $108,701,064 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,000 |
| 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. | $456,330 |
| Compensation of current officers, directors, key employees. | $237,379 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $40,840,885 |
| Pension plan accruals and contributions | $1,889,915 |
| Other employee benefits | $5,993,459 |
| Payroll taxes | $2,738,918 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $50,865 |
| Fees for services: Accounting | $2,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $26,041 |
| Fees for services: Other | $11,104,843 |
| Advertising and promotion | $75,816 |
| Office expenses | $9,741,506 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,149,897 |
| Travel | $209,225 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,101 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,243,396 |
| Insurance | $1,108,670 |
| All other expenses | $32,494 |
| Total functional expenses | $101,393,466 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,224,963 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $117,371 |
| Accounts receivable, net | $9,431,174 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,057,034 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $28,922,568 |
| Investments—publicly traded securities | $6,227,695 |
| Investments—other securities | $1,776,568 |
| Investments—program-related | $1,333,691 |
| Intangible assets | $0 |
| Other assets | $18,055,977 |
| Total assets | $68,147,041 |
| Accounts payable and accrued expenses | $1,060,237 |
| Grants payable | $0 |
| Deferred revenue | $4,832,817 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $778 |
| 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 | $3,548,372 |
| Total liabilities | $9,442,204 |
| Net assets without donor restrictions | $53,342,701 |
| Net assets with donor restrictions | $5,362,136 |
| 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 | $68,147,041 |