Abington Memorial Hospital
- Assets
- $957.5m
- Revenue
- $866.0m
- Investments
- $0.0
- Employees
- 6,981
- Location
- Philadelphia, PA
- Founding
- 02/1935
- Data as of
- 06/2020
- EIN
- 23-1352152
Organization Overview
Abington Memorial Hospital, operating under the name Abington Hospital - Jefferson Health, is located in Philadelphia, PA. The organization was established in 1935. 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 06/2020, Abington Hospital - Jefferson Health employed 6,981 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2020, Abington Hospital - Jefferson Health generated $866.0m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $914.4m during the year ending 06/2020. While expenses have increased by 4.5% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF ABINGTON MEMORIAL HOSPITAL D/B/A ABINGTON HOSPITAL - JEFFERSON HEALTH IS TO IMPROVE LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED IN PROVIDING EMERGENCY AND MEDICALLY NECESSARY HEALTHCARE SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN, OR ABILITY TO PAY. PLEASE REFER TO SCHEDULE O FOR THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael B Walsh Treasurer | Officer | 55 | $2,193,597 |
Laurence M Merlis Former Officer | 60 | $1,302,388 | |
Orlando Kirton MD Chair, Dept Of Surgery | 55 | $835,880 | |
Steven J Barrer MD Neurosurgeon | 55 | $828,216 | |
Douglas Laske MD Neurosurgeon | 55 | $819,933 | |
Margaret M Mcgoldrick Trustee - Pres Amh (term 6/20) | OfficerTrustee | 55 | $809,064 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Thomas Jefferson University Corporate Services | 6/29/20 | $140,225,884 |
Radiology Group Of Abington Pc Medical | 6/29/20 | $7,040,346 |
United Anesthesia Service Pc Medical | 6/29/20 | $6,404,073 |
Abington Emergency Physician Associ Medical | 6/29/20 | $3,128,415 |
On Call Physician Staffing Inc Staffing | 6/29/20 | $2,958,524 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $63,891,677 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,403,813 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $65,295,490 |
| Total Program Service Revenue | $782,986,456 |
| Investment income | $6,242,295 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,839,737 |
| Net Gain/Loss on Asset Sales | $693,643 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $866,047,638 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $26,942 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $8,353,513 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $428,481,485 |
| Pension plan accruals and contributions | $29,473,896 |
| Other employee benefits | $45,805,166 |
| Payroll taxes | $32,222,364 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,630,776 |
| Fees for services: Accounting | $377,332 |
| Fees for services: Lobbying | $46,635 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $87,908,164 |
| Advertising and promotion | $2,927,530 |
| Office expenses | $11,900,365 |
| Information technology | $10,407,035 |
| Royalties | $0 |
| Occupancy | $20,838,830 |
| Travel | $1,561,764 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $115,418 |
| Interest | $10,431,085 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $41,924,802 |
| Insurance | $7,902,214 |
| All other expenses | $5,017,769 |
| Total functional expenses | $914,359,404 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,399 |
| Savings and temporary cash investments | $57,631,726 |
| Pledges and grants receivable | $68,024 |
| Accounts receivable, net | $69,435,715 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $289,426 |
| Inventories for sale or use | $11,997,184 |
| Prepaid expenses and deferred charges | $2,473,367 |
| Net Land, buildings, and equipment | $485,388,960 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $135,969,045 |
| Intangible assets | $0 |
| Other assets | $194,253,651 |
| Total assets | $957,526,497 |
| Accounts payable and accrued expenses | $95,519,003 |
| Grants payable | $0 |
| Deferred revenue | $821,508 |
| 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 | $863,885,426 |
| Total liabilities | $960,225,937 |
| Net assets without donor restrictions | -$50,035,932 |
| Net assets with donor restrictions | $47,336,492 |
| 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 | $957,526,497 |
Grants Awarded
Over the last fiscal year, Abington Memorial Hospital has awarded $37,096 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Philadelphia, PA PURPOSE: GENERAL SUPPORT | $16,430 |
Dallas, TX PURPOSE: GENERAL SUPPORT | $14,083 |
PENNSYLVANIA DEPARTMENT OF HEALTH PURPOSE: GENERAL SUPPORT | $6,583 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Abington Memorial Hospital has recieved totaling $149,118.
| Awarding Organization | Amount |
|---|---|
Accessmatters Philadelphia, PA PURPOSE: REPRODUCTIVE HEALTH | $41,059 |
Accessmatters Philadelphia, PA PURPOSE: REPRODUCTIVE HEALTH | $41,059 |
Foundation Forsurgical Fellowships Los Angeles, CA PURPOSE: General Support | $20,000 |
Parkinson Council Bala Cynwyd, PA PURPOSE: NURSE NAVIGATOR SALARY | $20,000 |
National Philanthropic Tr Jenkintown, PA PURPOSE: HEALTH | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $8,500 |
Endowment Analysis
| Beg. Balance | $49,728,916 |
| Earnings | -$2,392,424 |
| Ending Balance | $47,336,492 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Miami Valley Hospital Dayton, OH | $1,540,725,759 | $1,204,039,189 |
Reading Hospital Reading, PA | $1,183,713,752 | $1,035,019,113 |
St Lukes Hospital Allentown, PA | $2,817,061,751 | $982,677,854 |
Abington Memorial Hospital Philadelphia, PA | $957,526,497 | $866,047,638 |
Presbyterian Medical Center Of The University Of Pennsylvania Health Philadelphia, PA | $812,689,177 | $973,479,342 |
Newyork-Presbyterian-Queens Flushing, NY | $712,392,894 | $841,266,953 |
New York-Presbyterian Brooklyn Methodist Brooklyn, NY | $1,963,582,802 | $962,946,513 |
Kettering Medical Center Miamisburg, OH | $1,528,623,571 | $946,867,588 |
Bronxcare Health System Bronx, NY | $743,333,524 | $835,076,495 |
St Francis Hospital United States Catholic Conference Roslyn, NY | $1,306,003,016 | $868,766,076 |
Rwj Barnabas Health Inc Livingston, NJ | $1,606,957,926 | $871,885,801 |
Sinai Hospital Of Baltimore Inc Baltimore, MD | $634,395,634 | $853,444,961 |