Summa Health
- Assets
- $942.9m
- Revenue
- $220.6m
- Investments
- $129.6m
- Employees
- 1,289
- Location
- Akron, OH
- Founding
- 05/2011
- Data as of
- 12/2023
- EIN
- 34-1887844
Organization Overview
Summa Health is located in Akron, OH. The organization was established in 2011. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 12/2023, Summa Health employed 1,289 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Summa Health 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 12/2023, Summa Health generated $220.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $200.8m during the year ending 12/2023. While expenses have increased by 4.8% per year over the past 9 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.
Since 2014, Summa Health has awarded 15 individual grants totaling $2,284,967. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF SUMMA HEALTH IS TO PROVIDE THE HIGHEST QUALITY, COMPASSIONATE CARE TO OUR PATIENTS AND TO CONTRIBUTE TO A HEALTHIER COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUMMA HEALTH DIRECTS AND SUPPORTS THE PROGRAMS AND ACTIVITIES OF THE CONSOLIDATED SUMMA HEALTH ENTITIES SO THAT ALL SUMMA HEALTH RESOURCES AND ASSETS ARE BEST ALLOCATED AND UTILIZED FOR THE BENEFIT OF THE COMMUNITY. SUMMA HEALTH REPRESENTS THE COLLABORATIVE EFFORTS OF HEALTH CARE PROVIDERS TO BETTER ADMINISTER, MANAGE, PROVIDE AND PLAN FOR THE DELIVERY OF A FULL-RANGE OF HEALTH CARE SERVICES TO ALL PERSONS WITHIN THE COMMUNITIES SERVED BY SUMMA HEALTH WITHOUT REGARD TO THE RACE, SEX, CREED, COLOR, NATIONAL ORIGIN OR ECONOMIC STATUS OF SUCH PERSONS.
SUMMA HEALTH NETWORK, LLC, A DISREGARDED ENTITY OF SUMMA HEALTH, PARTNERS WITH COMMUNITY PHYSICIANS, REGIONAL AND NATIONAL PAYERS TO IMPROVE THE CLINICAL QUALITY AND EFFICIENCY OF CARE, LOWER THE COST OF CARE TO PATIENTS AND EMPLOYERS AND ASSIST PHYSICIANS WITH TECHNOLOGY AND RESOURCES NECESSARY TO ACHIEVE THESE GOALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director And Chairman | OfficerTrustee | 4 | $0 |
Name Not Listed Director And Vice Chair | OfficerTrustee | 4 | $0 |
Name Not Listed President & CEO | OfficerTrustee | 46 | $1,294,665 |
Name Not Listed Director | Trustee | 2 | $0 |
Name Not Listed Director | Trustee | 2 | $0 |
Name Not Listed Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Epic Systems Corporation It&s Services | 12/30/23 | $15,454,314 |
Hallmark Health Care Solutions It&s Services | 12/30/23 | $14,766,420 |
Qualivis Llc Medical Services | 12/30/23 | $19,045,644 |
Trellis Rx Llc Medical Services | 12/30/23 | $19,395,413 |
Core Care Select Inc Medical Services | 12/30/23 | $9,484,847 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $942,950 |
| Related organizations | $1,688,555 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,547,452 |
| Noncash contributions included in lines 1a–1f | $233,652 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,178,957 |
| Total Program Service Revenue | $192,308,070 |
| Investment income | $18,224,264 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,813 |
| Net Gain/Loss on Asset Sales | $2,491,110 |
| Net Income from Fundraising Events | -$359,990 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $220,581,530 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $389,944 |
| Grants and other assistance to domestic individuals. | $35,755 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $6,537,024 |
| Compensation of current officers, directors, key employees. | $3,141,694 |
| Compensation to disqualified persons | $185,198 |
| Other salaries and wages | $74,136,738 |
| Pension plan accruals and contributions | $1,279,391 |
| Other employee benefits | $10,217,033 |
| Payroll taxes | $5,414,041 |
| Fees for services: Management | $101,918 |
| Fees for services: Legal | $1,256,905 |
| Fees for services: Accounting | $569,014 |
| Fees for services: Lobbying | $191,455 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,134,328 |
| Fees for services: Other | $24,317,497 |
| Advertising and promotion | $5,859,858 |
| Office expenses | $6,399,109 |
| Information technology | $33,808,142 |
| Royalties | $0 |
| Occupancy | $6,541,604 |
| Travel | $333,064 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,510,283 |
| Interest | $118,789 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,627,541 |
| Insurance | $1,876,157 |
| All other expenses | $524,988 |
| Total functional expenses | $200,821,206 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $67,660,660 |
| Pledges and grants receivable | $35,462,911 |
| Accounts receivable, net | $4,812,863 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,155,716 |
| Prepaid expenses and deferred charges | $12,297,124 |
| Net Land, buildings, and equipment | $70,044,868 |
| Investments—publicly traded securities | $562,005,869 |
| Investments—other securities | $129,606,206 |
| Investments—program-related | $47,841,104 |
| Intangible assets | $0 |
| Other assets | $11,002,997 |
| Total assets | $942,890,318 |
| Accounts payable and accrued expenses | $87,825,104 |
| Grants payable | $209,204 |
| Deferred revenue | $652,688 |
| 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 | $511,540,966 |
| Total liabilities | $600,227,962 |
| Net assets without donor restrictions | $284,566,851 |
| Net assets with donor restrictions | $58,095,505 |
| 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 | $942,890,318 |
Grants Awarded
Over the last fiscal year, Summa Health has awarded $349,167 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF AKRON PURPOSE: CONSTRUCTION OF UNIVERSITY STADIUM AND NAMING RIGHTS | $229,167 |
UNITED WAY PURPOSE: PREVENTION, WELLNESS AND HEALTH DISPARITIES | $120,000 |