Main Line Hospitals Inc
- Assets
- $3.2b
- Revenue
- $1.3b
- Investments
- $58.2m
- Employees
- 7,930
- Location
- Newtown Square, PA
- Founding
- 08/1934
- Data as of
- 06/2020
- EIN
- 23-1352160
Organization Overview
Main Line Hospitals Inc is located in Newtown Square, PA. The organization was established in 1934. 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, Main Line Hospitals Inc employed 7,930 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Main Line Hospitals Inc 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, Main Line Hospitals Inc generated $1.3b in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $1.3b during the year ending 06/2020. While expenses have increased by 2.9% per year over the past 6 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, Main Line Hospitals Inc has awarded 17 individual grants totaling $219,997. 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
PROVIDE A COMPREHENSIVE RANGE OF HEALTH SERVICES, COMPLEMENTED BY EDUCATIONAL & RESEARCH ACTIVITIES THAT MEET THE NEEDS AND IMPROVE THE QUALITY OF LIFE IN THE COMMUNITIES WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INPATIENT ACUTE HEALTHCARE SERVICES MAIN LINE HOSPITALS, INC. IS COMPRISED OF THREE FULL-SERVICE COMMUNITY ACUTE CARE HOSPITALS AND A REHABILITATION HOSPITAL LOCATED IN THE SUBURBS OF PHILADELPHIA. BRYN MAWR HOSPITAL, ESTABLISHED 1893, OPERATES 264 LICENSED BEDS, THE LANKENAU HOSPITAL, ESTABLISHED 1860, OPERATES 370 LICENSED BEDS, PAOLI HOSPITAL OPERATES 231 LICENSED BEDS, AND BRYN MAWR REHABILITATION HOSPITAL OPERATES 148 LICENSED BEDS. MAIN LINE HOSPITALS, INC. OFFERS SPECIALIZED SERVICES INCLUDING NEONATAL INTENSIVE CARE, REPRODUCTIVE MEDICINE, ARTHRITIS AND ORTHOPEDIC SERVICES, CARDIOVASCULAR CARE, SLEEP MEDICINE, CANCER CARE, A KIDNEY TRANSPLANT PROGRAM, FAMILY CENTERED MATERNITY CARE, COMPREHENSIVE BREAST CARE, AND COMPREHENSIVE REHABILITATION SERVICES FOR BRAIN INJURY, STROKE, ETC. TO NAME A FEW. FOR THE YEAR PRESENTED, MAIN LINE HOSPITALS, INC. PROVIDED INPATIENT SERVICES TO 47,086 ADULT PATIENTS, 515 NEONATAL CARE PATIENTS, PERFORMED 919 OPEN HEART CASES, ATTENDED 6,601 BIRTHS, AND PERFORMED 11,296 INPATIENT SURGERIES.
OUTPATIENT ACUTE HEALTHCARE SERVICES MAIN LINE HOSPITALS, INC. OFFERS A FULL ARRAY OF OUTPATIENT SERVICES BOTH WITHIN THE CAMPUS OF OUR FOUR MEMBER HOSPITALS (BRYN MAWR HOSPITAL, THE LANKENAU HOSPITAL, PAOLI HOSPITAL, AND BRYN MAWR REHABILITATION HOSPITAL), AS WELL AS IN FIVE SEPARATE AMBULATORY CENTERS LOCATED IN THE COMMUNITIES WE SERVE. OUTPATIENT SERVICES OFFERED INCLUDE IMAGING SERVICES, CLINICAL LABORATORIES, PHYSICAL, OCCUPATIONAL AND SPEECH THERAPY SERVICES, SLEEP DISORDER CENTERS, ADULT DAY SERVICES, CARDIOLOGY SERVICES AND A CARDIAC REHABILITATION PROGRAM, CANCER CENTER, AND MULTIPLE PHYSICIANS IN THE AREAS OF PRIMARY CARE, OB/GYN, PEDIATRIC, INTERNAL AND FAMILY MEDICINE AND OTHER SPECIALISTS. FOR THE FISCAL PERIOD PRESENTED, MAIN LINE HOSPITALS, INC. ATTENDED TO 725,707 OUTPATIENT VISITS, PERFORMED 17,526 OUTPATIENT SURGERIES, AND PROVIDED EMERGENT CARE WITH 129,234 VISITS TO OUR HOSPITAL BASED 24 HOURS/DAY, 7 DAYS/WEEK EMERGENCY ROOMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phillip Robinson President, Lmc | Officer | 38 | $1,015,323 |
Andrea Gilbert President, Bmh | Officer | 37 | $843,626 |
Donna Phillips President, Bmrh | Officer | 36 | $744,904 |
James Paradis President, Ph | Officer | 39 | $732,998 |
Jonathan Stallkamp Interim Chief Medical Officer | Officer | 39 | $470,375 |
John Schwarz President, Bmh | Officer | 38 | $323,826 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Radiology Assoc Of Main Line Pc Physician Services | 6/29/21 | $9,196,341 |
United Anesthesia Service Pc Physician Services | 6/29/21 | $22,383,431 |
Main Line Emergency Medicine Assoc Physician Services | 6/29/21 | $2,580,494 |
Regional Women's Health Group Llc Physician Services | 6/29/21 | $2,031,897 |
Kemberton Healthcare Services Llc Professional Svcs | 6/29/21 | $1,705,497 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,289,791 |
| Investment income | $32,387,969 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,052,245 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,318,786,272 |
| Statement of Expenses | |
|---|---|
| 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. | $7,424,007 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $412,897,080 |
| Pension plan accruals and contributions | $39,195,147 |
| Other employee benefits | $43,375,963 |
| Payroll taxes | $30,382,237 |
| Fees for services: Management | $119,071,407 |
| Fees for services: Legal | $418,636 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $43,497 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $68,277,457 |
| Advertising and promotion | $32,604 |
| Office expenses | $231,864,854 |
| Information technology | $32,684,492 |
| Royalties | $0 |
| Occupancy | $23,628,243 |
| Travel | -$58,461 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $350,373 |
| Interest | $8,562,534 |
| Payments to affiliates | $147,340,888 |
| Depreciation, depletion, and amortization | $105,755,480 |
| Insurance | $19,106,806 |
| All other expenses | $0 |
| Total functional expenses | $1,330,266,517 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $108,990,210 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $129,407,769 |
| Loans from Officers, Directors, or Controlling Persons | $10,073,470 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $34,753,998 |
| Prepaid expenses and deferred charges | $15,264,435 |
| Investments—publicly traded securities | $1,377,769,259 |
| Investments—other securities | $58,200,076 |
| Investments—program-related | $57,350,746 |
| Intangible assets | $0 |
| Other assets | $182,711,958 |
| Total assets | $3,161,038,295 |
| Accounts payable and accrued expenses | $167,897,448 |
| Grants payable | $0 |
| Deferred revenue | $172,191,006 |
| Tax-exempt bond liabilities | $289,126,760 |
| 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 | $458,541,723 |
| Total liabilities | $1,087,756,937 |
| 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 | $2,073,281,358 |
Grants Awarded
Over the last fiscal year, Main Line Hospitals Inc has awarded $17,517 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
LOWER MERION TOWNSHIP PURPOSE: Annual donation | $6,117 |
Bryn Mawr, PA PURPOSE: Annual Donation | $6,000 |
Bryn Mawr, PA PURPOSE: Annual donation | $5,400 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Main Line Hospitals Inc has recieved totaling $229,697.
| Awarding Organization | Amount |
|---|---|
The Giorgi Family Foundation Temple, PA PURPOSE: GENERAL DONATION | $124,803 |
Catherine D Sharpe Charitable Trust Radnor, PA PURPOSE: SUGGESTED FOR USE,1/2 EQUIPMENT & MAINTENANCE | $62,894 |
Walter J Miller Trust Uw C/Ofidelity Bank Ttee Las Vegas, NV PURPOSE: GENERAL OPERATING | $22,000 |
Foundation Forsurgical Fellowships Los Angeles, CA PURPOSE: General Support | $20,000 |
Endowment Analysis
| Beg. Balance | $60,920,000 |
| Earnings | $17,574,000 |
| Ending Balance | $78,494,000 |
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 |