Upmc
- Assets
- $9.4b
- Revenue
- $16.6b
- Investments
- $155.6m
- Employees
- 66,202
- Location
- Pittsburgh, PA
- Founding
- 01/1983
- Data as of
- 06/2020
- EIN
- 20-8295721
Organization Overview
Upmc is located in Pittsburgh, PA. The organization was established in 1983. 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 06/2020, Upmc employed 66,202 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes.
For the year ending 06/2020, Upmc generated $16.6b in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $16.5b during the year ending 06/2020. While expenses have increased by 7.8% per year over the past 5 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 2015, Upmc has awarded 1,297 individual grants totaling $350,465,474. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
HEALTHCARE, EDUCATION, AND RESEARCH
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey A Romoff Upm President And CEO | Officer | 60 | $9,070,910 |
C Talbot Heppenstall Jr Upm Evp, Treas, & Pres Enterprises | Officer | 60 | $3,006,169 |
Steven D Shapiro MD Upm Evp And Chief Med And Sci Off | Officer | 60 | $2,547,552 |
David Farner Upm Evp And Chief Of Staff | Officer | 60 | $2,531,609 |
James D Luketich MD Upp Board Member And Dept Chair | Trustee | 40 | $2,438,583 |
Victor Morell MD Upp Board Member | Trustee | 40 | $2,437,568 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aims Group Inc Construction Contrac | 6/29/20 | $25,021,747 |
Turner Construction Co Construction Contrac | 6/29/20 | $20,795,518 |
Mascaro Barton Malow A Joint Ventur Construction Contrac | 6/29/20 | $32,224,234 |
Center For Rehab Services Rehab Services | 6/29/20 | $45,034,709 |
Mascaro Construction Company Construction Contrac | 6/29/20 | $41,395,181 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $474,728 |
| Membership dues | $0 |
| Fundraising events | $1,082,161 |
| Related organizations | $43,492,606 |
| Government grants | $192,426,207 |
| All other contributions, gifts, grants, and similar amounts not included above | $37,364,529 |
| Noncash contributions included in lines 1a–1f | $1,654,051 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $274,840,231 |
| Total Program Service Revenue | $16,258,188,630 |
| Investment income | $28,378,161 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,143,853 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,246,449 |
| Net Income from Fundraising Events | -$398,989 |
| Net Income from Gaming Activities | -$40,687 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,575,357,648 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $180,265,880 |
| 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. | $113,211,047 |
| Compensation of current officers, directors, key employees. | $75,537,795 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,319,932,213 |
| Pension plan accruals and contributions | $233,199,948 |
| Other employee benefits | $450,057,103 |
| Payroll taxes | $266,997,065 |
| Fees for services: Management | $16,098,421 |
| Fees for services: Legal | $20,662,277 |
| Fees for services: Accounting | $7,111,659 |
| Fees for services: Lobbying | $2,336,253 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,646,469 |
| Fees for services: Other | $109,732,415 |
| Advertising and promotion | $38,739,130 |
| Office expenses | $95,414,361 |
| Information technology | $268,792,359 |
| Royalties | $0 |
| Occupancy | $276,822,690 |
| Travel | $22,388,903 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,878,452 |
| Interest | $5,172,857 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $448,505,756 |
| Insurance | $104,814,579 |
| All other expenses | $1,028,454,604 |
| Total functional expenses | $16,487,763,608 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $92,286,717 |
| Savings and temporary cash investments | $224,157,662 |
| Pledges and grants receivable | $377,233 |
| Accounts receivable, net | $2,421,037,092 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $216,773,902 |
| Inventories for sale or use | $62,552,640 |
| Prepaid expenses and deferred charges | $55,556,549 |
| Net Land, buildings, and equipment | $3,653,989,389 |
| Investments—publicly traded securities | $458,118,076 |
| Investments—other securities | $155,604,643 |
| Investments—program-related | $0 |
| Intangible assets | $70,702,613 |
| Other assets | $2,001,158,929 |
| Total assets | $9,412,315,445 |
| Accounts payable and accrued expenses | $1,251,170,960 |
| Grants payable | $0 |
| Deferred revenue | $11,355,525 |
| Tax-exempt bond liabilities | $8,535,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $213,059,359 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,988,312,597 |
| Total liabilities | $3,472,433,441 |
| Net assets without donor restrictions | $5,201,965,920 |
| Net assets with donor restrictions | $737,916,084 |
| 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 | $9,412,315,445 |
Grants Awarded
Over the last fiscal year, Upmc has awarded $180,265,880 in support to 212 organizations.
| Grant Recipient | Amount |
|---|---|
Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $168,698,804 |
Reno, PA PURPOSE: GENERAL SUPPORT | $1,192,225 |
Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $859,000 |
Moon Township, PA PURPOSE: GENERAL SUPPORT | $850,000 |
Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $691,361 |
Dallas, TX PURPOSE: HEART RESEARCH | $669,318 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Upmc has recieved totaling $261,266.
| Awarding Organization | Amount |
|---|---|
Foundation Forsurgical Fellowships Los Angeles, CA PURPOSE: General Support | $110,000 |
Steelers Charities Pittsburgh, PA PURPOSE: GENERAL CHARITABLE GIVING | $50,629 |
Vascular Cures Redwood City, CA PURPOSE: Research | $30,900 |
Vascular Cures Redwood City, CA PURPOSE: Research | $30,900 |
Committee Of 100 Inc New York, NY PURPOSE: COVID 19 SUPPORT | $28,837 |
Steelers Charities Pittsburgh, PA PURPOSE: GENERAL CHARITABLE GIVING | $10,000 |
Endowment Analysis
| Beg. Balance | $96,685,629 |
| Earnings | -$751 |
| Net Contributions | -$183,830 |
| Other Expense | $2,498,114 |
| Ending Balance | $94,002,934 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bon Secours Mercy Health Inc Cincinnati, OH | $1,754,618,214 | $1,032,037,001 |
St Josephs Health System Subordinate Group Return Paterson, NJ | $855,341,804 | $836,391,266 |
University Hospitals Health System Inc Shaker Heights, OH | $4,606,270,000 | $700,518,000 |
Aultman Health Foundation Group Return Canton, OH | $410,133,378 | $837,107,189 |
Atlanticare Health System Inc Egg Harbor Township, NJ | $1,594,062,500 | $804,268,846 |
Hh Medstar Health Inc Columbia, MD | $274,382,303 | $721,475,371 |
Geisinger System Services Danville, PA | $1,232,810,236 | $618,204,760 |
Bon Secours Charity Health System Affiliated Group Suffern, NY | $214,623,748 | $580,223,064 |
Adena Health System Chillicothe, OH | $738,150,495 | $566,176,672 |
Hackensack Meridian Health Inc Neptune, NJ | $279,460,343 | $549,822,020 |
West Virginia University Medical Corporation Morgantown, WV | $214,506,096 | $531,045,841 |
Wellspan Health York, PA | $671,523,886 | $507,378,748 |