Heritage Valley Health System
- Assets
- $415.8m
- Revenue
- $331.6m
- Investments
- $55.2m
- Employees
- 3,262
- Location
- Sewickley, PA
- Founding
- 02/1997
- Data as of
- 06/2020
- EIN
- 25-1801532
Organization Overview
Heritage Valley Health System, operating under the name Heritage Valley Sewickley Heritage Valley Beaver And Heritage Valley Kennedy, is located in Sewickley, PA. The organization was established in 1997. 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 06/2021, Heritage Valley Sewickley Heritage Valley Beaver And Heritage Valley Kennedy employed 3,262 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heritage Valley Sewickley Heritage Valley Beaver And Heritage Valley Kennedy 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 06/2020, Heritage Valley Sewickley Heritage Valley Beaver And Heritage Valley Kennedy generated $331.6m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $465.4m during the year ending 06/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE HEALTH AND WELL-BEING OF ALL PEOPLE IN THE COMMUNITIES WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HOSPITALS COMPRISING VALLEY MEDICAL FACILITIES PROVIDE ROUTINE AND AUXILIARY MEDICAL/SURGICAL, PSYCHIATRIC, AND OUTPATIENT REHABILITATION SERVICES TO THE COMMUNITIES SERVED BY THE HOSPITALS REGARDLESS OF PATIENT'S ABILITY TO PAY.DURING THE FISCAL YEAR, THE HOSPITALS HAD 17,845 INPATIENT ADMISSIONS, 6,589 OBSERVATION ADMISSIONS, 1,305 NEWBORN ADMISSIONS, AND 81,848 INPATIENT DAYS. THE FACILITIES ALSO ENCOUNTERED 92,267 EMERGENCY ROOM VISITS, 11,057 OUTPATIENT SURGERIES, 134 OPEN HEART PROCEDURES, 2,186 CARDIAC CATHETERIZATIONS AND 335,937 DIAGNOSTIC IMAGING PROCEDURES.THE RESIDENCE AT WILLOW LANE IS A CONTEMPORARY PERSONAL CARE SENIOR LIVING COMMUNITY THAT COMBINES ALL OF THE COMFORTS OF HOME WITH THE ACTIVITY AND SECURITY OF A SMALL COMMUNITY OF PEOPLE WHO CARE. RESIDENTS ENJOY A WIDE VARIETY OF SOCIAL ACTIVITIES IN AN ELEGANT SETTING, ALONG WITH SPECIALLY-PLANNED PROGRAMS, GOOD FOOD, FRIENDS, AND HELP FROM A CARING STAFF, TAILORED TO EACH RESIDENT'S NEEDS. AT THE RESIDENCE AT WILLOW LANE, GOOD HEALTH COMES FIRST. WILLOW LANE OFFERS SECURITY, WITH STAFF AVAILABLE 24 HOURS A DAY, AND COMFORT, WITH APARTMENTS OFFERING MANY OF THE FEATURES OF HOME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Norman F Mitry President & CEO | OfficerTrustee | 40 | $662,800 |
Matthew Wheeler MD Assistant Medical Director | 40 | $449,826 | |
Ronald Leckey MD Medical Director Emergency | 40 | $443,165 | |
Robert Rosenberger CFO | Officer | 40 | $378,783 |
Michael Boyd MD Physician | 40 | $367,525 | |
Saad Mahmood MD Physician | 40 | $350,058 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Inc & Affiliates Facility Management Services | 6/29/21 | $6,345,165 |
Allscripts Computer Professional Services | 6/29/21 | $8,246,390 |
Crothall Healthcare Medical Equipment Management Services | 6/29/21 | $5,401,554 |
Quest Diagnostics Laboratory Testing | 6/29/21 | $1,696,287 |
Associates In Medical Imaging Medical Imaging | 6/29/21 | $1,653,022 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,591,232 |
| Investment income | $2,215,734 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,009,622 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $331,588,966 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $217,971 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,893,754 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $134,363,566 |
| Pension plan accruals and contributions | $7,791,920 |
| Other employee benefits | $17,649,549 |
| Payroll taxes | $10,402,195 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $521,931 |
| Fees for services: Accounting | $447,127 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $513,377 |
| Office expenses | $862,360 |
| Information technology | $9,049,123 |
| Royalties | $0 |
| Occupancy | $13,806,059 |
| Travel | $321,396 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $130,423 |
| Interest | $2,918,140 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,958,512 |
| Insurance | $9,967,157 |
| All other expenses | $0 |
| Total functional expenses | $465,387,184 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $536,412 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,687,303 |
| Accounts receivable, net | $39,825,549 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $54,318 |
| Inventories for sale or use | $7,509,778 |
| Prepaid expenses and deferred charges | $15,631,342 |
| Investments—publicly traded securities | $99,367,214 |
| Investments—other securities | $55,206,220 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $415,846,971 |
| Accounts payable and accrued expenses | $59,940,005 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $40,175,396 |
| 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 | $10,000,000 |
| Other liabilities | $38,029,665 |
| Total liabilities | $148,145,066 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $267,701,905 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Heritage Valley Health System has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
G Whitney Snyder Charitable Fund Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
Endowment Analysis
| Beg. Balance | $278,334,000 |
| Earnings | $66,262,000 |
| Admin Expense | $487,000 |
| Net Contributions | $1,071,000 |
| Other Expense | $19,379,000 |
| Grants | $110,000 |
| Ending Balance | $325,691,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Presbyterian Medical Center Of The University Of Pennsylvania Health Philadelphia, PA | $864,132,692 | $1,007,924,819 |
Newyork-Presbyterian-Queens Flushing, NY | $898,800,022 | $913,594,490 |
New York-Presbyterian Brooklyn Methodist Brooklyn, NY | $1,733,884,296 | $932,635,722 |
Kettering College Miamisburg, OH | $1,728,903,615 | $1,055,020,178 |
Abington Memorial Hospital Philadelphia, PA | $948,017,930 | $858,404,541 |
Englewood Hospital And Medical Center A New Jersey Nonprofit Corp Englewood, NJ | $770,563,796 | $890,451,423 |
Inspira Medical Centers Inc Bridgeton, NJ | $1,997,035,403 | $960,599,521 |
Valley Hospital Inc Ridgewood, NJ | $2,214,086,950 | $1,000,529,103 |
Sinai Hospital Of Baltimore Inc Baltimore, MD | $642,141,254 | $936,777,270 |
St Francis Hospital Roslyn, NY | $1,505,143,319 | $834,224,682 |
Virtu-West Jersey Health System Inc Marlton, NJ | $2,706,789,713 | $1,000,808,483 |
Bronxcare Health System Bronx, NY | $743,333,524 | $835,076,495 |