Heritage Valley Health System
- Assets
- $498.2m
- Revenue
- $439.4m
- Investments
- $71.7m
- Employees
- 3,330
- Location
- Sewickley, PA
- Founding
- 02/1997
- Data as of
- 06/2021
- 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 06/2022, Heritage Valley Sewickley Heritage Valley Beaver And Heritage Valley Kennedy employed 3,330 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 06/2021, Heritage Valley Sewickley Heritage Valley Beaver And Heritage Valley Kennedy generated $439.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $434.3m during the year ending 06/2021. While expenses have increased by 2.8% 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
2021
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 16,970 INPATIENT ADMISSIONS, 6,774 OBSERVATION ADMISSIONS, 1,017 NEWBORN ADMISSIONS, AND 87,841 INPATIENT DAYS. THE FACILITIES ALSO ENCOUNTERED 95,170 EMERGENCY ROOM VISITS, 9,547 OUTPATIENT SURGERIES, 140 OPEN HEART PROCEDURES, 2,098 CARDIAC CATHETERIZATIONS AND 369,251 DIAGNOSTIC IMAGING PROCEDURES.HERITAGE VALLEY SENIOR LIVING COMMUNITY PROVIDES SENIOR LIVING CHOICES RANGING FROM INDEPENDENT LIVING, PERSONAL CARE AND MEMORY CARE. INDEPENDENT LIVING PROVIDES SENIORS WITH THEIR OWN APARTMENTS, RESTAURANT-STYLE DINING, HOUSEKEEPING AND MANY ACTIVITIES AND OTHER AMENITIES DESIGNED TO SUIT THEIR ACTIVE LIFESTYLES. THE PERSONAL CARE COMMUNITY COMBINES ALL OF THE COMFORTS OF HOME WITH THE ACTIVITY AND SECURITY OF A SMALL COMMUNITY OF CARING STAFF. RESIDENTS ENJOY A WIDE RANGE OF SOCIAL ACTIVITIES IN AN ELEGANT SETTING, ALONG WITH SPECIALLY PLANNED PROGRAMS, GOOD FOOD, FRIENDS AND 24 HOUR ASSISTANCE FROM A CARING STAFF, TAILORED TO EACH RESIDENT'S NEEDS. THE MEMORY CARE PROGRAM IS DESIGNED FOR THE SPECIFIC NEEDS OF SENIORS WITH ALZHEIMER'S OR RELATED DEMENTIA AND OFFERS A HOME-LIKE ENVIRONMENT CONDUCIVE TO BOTH EMOTIONAL HEALTH AND PHYSICIAL WELL-BEING. EVERY ROOM OF OUR PROGRAM HAS BEEN DESIGNED TO STIMULATE THE SENSES AND INVOKE A FEELING OF FAMILIARITY AND WARMTH. RESIDENTS AND THEIR FAMILIES CAN ENJOY COMFORTABLE COMMON ROOMS, AS WELL AS AN ATTRACTIVE AND SECURE OUTDOOR COURTYARD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Norman F Mitry President & CEO | OfficerTrustee | 40 | $659,150 |
Scott M Elste Chair | OfficerTrustee | 2 | $0 |
Susan Paone Dha Vice-Chair | OfficerTrustee | 2 | $0 |
Bob Terwilliger Secretary | OfficerTrustee | 2 | $0 |
Elisa Ditommaso CPA Treasurer | OfficerTrustee | 2 | $0 |
Lynn George PHD Emeritus Board Chair | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Allscripts Computer Professional Services | 6/29/22 | $8,612,117 |
Sodexo Inc & Affiliates Facility Management Services | 6/29/22 | $7,541,913 |
Crothall Healthcare Medical Equipment Management Services | 6/29/22 | $5,799,586 |
Associates In Medical Imaging Medical Imaging | 6/29/22 | $2,409,603 |
Quest Diagnostics Laboratory Testing | 6/29/22 | $2,206,391 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,335,821 |
| Investment income | $27,232,654 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,994,675 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $439,382,982 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $262,223 |
| 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 to disqualified persons | $0 |
| Other salaries and wages | $163,700,117 |
| Pension plan accruals and contributions | $5,554,795 |
| Other employee benefits | $27,702,423 |
| Payroll taxes | $11,721,901 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $328,700 |
| Fees for services: Accounting | $53,038 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $527,278 |
| Office expenses | $1,777,140 |
| Information technology | $10,263,184 |
| Royalties | $0 |
| Occupancy | $16,693,996 |
| Travel | $188,314 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $231,696 |
| Interest | $2,723,330 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $41,832,504 |
| Insurance | $11,285,123 |
| All other expenses | $0 |
| Total functional expenses | $434,255,683 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,438,442 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,140,866 |
| Accounts receivable, net | $41,746,071 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $343,882 |
| Inventories for sale or use | $7,285,110 |
| Prepaid expenses and deferred charges | $19,996,196 |
| Investments—publicly traded securities | $120,154,654 |
| Investments—other securities | $71,678,756 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $498,168,587 |
| Accounts payable and accrued expenses | $78,161,250 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $54,982,337 |
| 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 | $63,198,474 |
| Total liabilities | $206,342,061 |
| 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 | $291,826,526 |
Grants Awarded
Over the last fiscal year, Heritage Valley Health System has awarded $50,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CORAOPOLOS COMMUNITY DEVELOPMENT FOOD PANTRY PURPOSE: PROVIDE FUNDS TO SUPPORT LOCAL FOOD BANKS, ASSISTING THEM IN THE PURCHASE OF FOOD SUPPLIES AND EQUIPMENT, FOR THE HEALTH AND WELL BEING OF THE COMMUNITIES SERVED BY VMF. | $7,000 |
FAMILIES MATTER PURPOSE: PROVIDE FUNDS TO SUPPORT LOCAL FOOD BANKS, ASSISTING THEM IN THE PURCHASE OF FOOD SUPPLIES AND EQUIPMENT, FOR THE HEALTH AND WELL BEING OF THE COMMUNITIES SERVED BY VMF. | $7,000 |
SEWICKLEY YMCA QUAKER VALLEY FOOD RELIEF PURPOSE: PROVIDE FUNDS TO SUPPORT LOCAL FOOD BANKS, ASSISTING THEM IN THE PURCHASE OF FOOD SUPPLIES AND EQUIPMENT, FOR THE HEALTH AND WELL BEING OF THE COMMUNITIES SERVED BY VMF. | $7,000 |
CENTER FOR HOPE PURPOSE: PROVIDE FUNDS TO SUPPORT LOCAL FOOD BANKS, ASSISTING THEM IN THE PURCHASE OF FOOD SUPPLIES AND EQUIPMENT, FOR THE HEALTH AND WELL BEING OF THE COMMUNITIES SERVED BY VMF. | $7,000 |
UNITED WAY OF BEAVER COUNTY PURPOSE: PROVIDE FUNDS TO SUPPORT LOCAL FOOD BANKS, ASSISTING THEM IN THE PURCHASE OF FOOD SUPPLIES AND EQUIPMENT, FOR THE HEALTH AND WELL BEING OF THE COMMUNITIES SERVED BY VMF. DESIGNATED FOR THE SALVATION ARMY OF BEAVER COUNTY. | $22,000 |