Heritage Valley Health System Inc
- Assets
- $119.1m
- Revenue
- $30.9m
- Investments
- $47.0m
- Employees
- 0
- Location
- Beaver, PA
- Founding
- 04/2001
- Data as of
- 06/2021
- EIN
- 25-1441518
Organization Overview
Heritage Valley Health System Inc is located in Beaver, PA. The organization was established in 2001. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Heritage Valley Health System Inc 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, Heritage Valley Health System Inc generated $30.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 58.4% each year . All expenses for the organization totaled $13.2m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTING ORGANIZATION TO TAX-EXEMPT HOSPITALS (VALLEY MEDICAL FACILITIES, INC.) HELPING THE HOSPITALS TO FURTHER THEIR TAX-EXEMPT PURPOSES.
Describe the Organization's Program Activity:
HERITAGE VALLEY HEALTH SYSTEM, INC. FORMED THE HERITAGE VALLEY HEALTHCARE NETWORK, LLC. (HVHN)IN FY 2017. THE PURPOSE OF THE HVHN IS TO FORM A CLINICALLY INTEGRATED PHYSICIAN HOSPITAL NETWORK WITH JOINT CONTRACTING AUTHORITY TO DEVELOP CARE PROTOCOLS AND OTHER CARE COORDINATION POLICIES USING EVIDENCE-BASED MEDICINE AND OTHER TECHNIQUES TO PROVIDE A MORE COST-EFFECTIVE HEALTH CARE PRODUCT WHILE MAINTAINING OR IMPROVING PHYSICIAN REIMBURSEMENT, USING EXISTING EXPERIENCE AND SUCCESS OF AFFILIATED PRIMARY CARE PRACTICES AS A FOUNDATION FROM WHICH TO BUILD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Norman F Mitry President & CEO | OfficerTrustee | 2 | $0 |
Scott M Elste Vice-Chair | OfficerTrustee | 2 | $0 |
Lynn George PHD Chair | OfficerTrustee | 2 | $0 |
Joan Marshall ESQ Secretary | OfficerTrustee | 2 | $0 |
Elisa Ditommaso CPA Treasurer | OfficerTrustee | 2 | $0 |
Sharon Loftus ESQ Asst. Secretary | Officer | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dickie Mccamey & Chilcote Legal Fees | 6/29/21 | $383,582 |
Cannon Cochran Mgmt Svcs Inc Insurance Claims Management | 6/29/21 | $165,737 |
Weber Gallagher Simpson Stapleton Fires Legal Fees | 6/29/21 | $242,046 |
Rulis & Bochicchio Llc Legal Fees | 6/29/21 | $142,431 |
Marshall Dennehey Warner Legal Fees | 6/29/21 | $194,417 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $13,785,410 |
| Investment income | $17,086,313 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $43,301 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $30,915,024 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,600,504 |
| Pension plan accruals and contributions | $21,569 |
| Other employee benefits | $277,849 |
| Payroll taxes | $82,599 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $69 |
| Information technology | $139,358 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $83 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $13,213,309 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,881,147 |
| Savings and temporary cash investments | $5,835,149 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,853,238 |
| 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 | $581,015 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,170,508 |
| Investments—other securities | $46,973,888 |
| Investments—program-related | $7,240,599 |
| Intangible assets | $1,215,476 |
| Other assets | $50,342,569 |
| Total assets | $119,093,589 |
| Accounts payable and accrued expenses | $5,561,882 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,561,882 |
| Net assets without donor restrictions | $112,032,707 |
| Net assets with donor restrictions | $1,499,000 |
| 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 | $119,093,589 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Heritage Valley Health System Inc has recieved totaling $539,832.
| Awarding Organization | Amount |
|---|---|
Pittsburgh Foundation Pittsburgh, PA PURPOSE: HEALTH GENERAL AND REHABILITATIVE | $539,832 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Health Systems Inc Beckley, WV | $47,848,830 | $60,145,979 |
Columbiadoctors Newyork-Presbyterian Imaging New York, NY | $48,011,662 | $60,111,009 |
Behavioral Wellness Center At Girard Philadelphia, PA | $26,586,230 | $42,933,018 |
Muskingum Valley Health Centers Zanesville, OH | $53,555,620 | $43,067,019 |
Hackensack Meridian Health Inc Neptune, NJ | $16,398,664 | $35,763,522 |
Auburn Memorial Medical Services Pc Auburn, NY | $2,235,754 | $24,512,215 |
Rochester Regional Health Rochester, NY | $128,642,293 | $30,753,165 |
Fayette Physician Network Inc Morgantown, WV | $4,531,688 | $30,641,232 |
Centerville Clinics Inc Fredericktown, PA | $48,530,050 | $40,732,543 |
Oak Orchard Community Inc Brockport, NY | $20,165,727 | $27,606,467 |
Upstate Community Medical P C Syracuse, NY | $6,542,142 | $26,680,338 |
Montefiore Medicine Academic Health System Inc Tarrytown, NY | $16,007,860 | $26,430,573 |