St Joseph Regional Health Network
- Assets
- $159.0m
- Revenue
- $261.5m
- Investments
- $0.0
- Employees
- 1,761
- Location
- Reading, PA
- Founding
- 01/2016
- Data as of
- 06/2020
- EIN
- 23-1352211
Organization Overview
St Joseph Regional Health Network, operating under the name Penn State Health St Joseph, is located in Reading, PA. The organization was established in 2016. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2020, Penn State Health St Joseph employed 1,761 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, Penn State Health St Joseph generated $261.5m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $287.9m during the year ending 06/2020. While expenses have increased by 4.0% 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
TO NURTURE THE HEALING MINISTRY OF THE CHURCH, SUPPORTED BY EDUCATION AND RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE H
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharon Strohecker Vp, Nursing And Cno | Officer | 40 | $346,081 |
Sara Kleiman Physician Advisor | 40 | $332,010 | |
Courtney Coffman Secretary/treas/cfo (thru 12/2019) | Officer | 36 | $308,703 |
Scott Mengle Vp, Human Resources | Officer | 40 | $274,723 |
Mary Hahn VP Strategy & Bus. Dev. | Officer | 40 | $233,208 |
Michael Bradley Medical Director | 40 | $232,623 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Inc Food & Dietary | 6/29/20 | $3,437,700 |
On Top Medical Llc Physician Services | 6/29/20 | $1,320,000 |
Healthtrust Workforce Solutions Temp Help | 6/29/20 | $1,984,959 |
Emergency Physicians Associates Of Pa Physician Services | 6/29/20 | $1,566,767 |
Quest Diagnostics Inc Lab Services | 6/29/20 | $1,209,933 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $4,774,621 |
| Government grants | $10,185,745 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,960,366 |
| Total Program Service Revenue | $242,068,649 |
| Investment income | $127,233 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,182,240 |
| Net Gain/Loss on Asset Sales | $3,712 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $261,470,847 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $39,964,467 |
| 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. | $1,734,100 |
| Compensation of current officers, directors, key employees. | $1,053,762 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $80,753,271 |
| Pension plan accruals and contributions | $3,218,565 |
| Other employee benefits | $11,959,483 |
| Payroll taxes | $5,992,054 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,334 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,633,623 |
| Advertising and promotion | $1,441 |
| Office expenses | $4,479,491 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,952,283 |
| Travel | $147,621 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $62,068 |
| Interest | $4,068,832 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,590,724 |
| Insurance | $1,298,073 |
| All other expenses | $3,697,089 |
| Total functional expenses | $287,935,558 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $11,576,273 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $35,407,393 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,199,854 |
| Prepaid expenses and deferred charges | $1,442,590 |
| Net Land, buildings, and equipment | $99,893,286 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,441,894 |
| Total assets | $158,961,290 |
| Accounts payable and accrued expenses | $26,977,197 |
| Grants payable | $0 |
| Deferred revenue | $22,317,741 |
| 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 | $133,009,442 |
| Total liabilities | $182,304,380 |
| Net assets without donor restrictions | -$26,219,902 |
| Net assets with donor restrictions | $2,876,812 |
| 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 | $158,961,290 |
Grants Awarded
Over the last fiscal year, St Joseph Regional Health Network has awarded $39,964,468 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Reading, PA PURPOSE: PROGRAM SUPPORT | $39,240,556 |
Reading, PA PURPOSE: PROGRAM SUPPORT | $723,912 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that St Joseph Regional Health Network has recieved totaling $711,152.
| Awarding Organization | Amount |
|---|---|
St Joseph Medical Center Foundation Reading, PA PURPOSE: PROGRAM SUPPORT | $711,152 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Physician Affiliate Group Of New York Pc New York, NY | $43,916,366 | $787,911,025 |
Capital Health System Inc Trenton, NJ | $918,521,088 | $733,246,383 |
South Shore University Hospital Westbury, NY | $465,657,019 | $728,270,879 |
St Barnabas Hospital Bronx, NY | $390,221,434 | $434,526,701 |
Southern Ohio Medical Center Portsmouth, OH | $601,423,031 | $423,080,148 |
Richmond Medical Center Staten Island, NY | $296,789,651 | $359,868,185 |
Upmc Western Maryland Corporation Cumberland, MD | $634,435,651 | $378,434,733 |
Trinitas Regional Medical Center A New Jersey Nonprofit Corporation Elizabeth, NJ | $444,293,804 | $324,505,436 |
Holy Spirit Hospital Of The Sisters Of Christian Charity Hershey, PA | $95,423,962 | $326,188,059 |
Barnabas Health Medical Group P C West Orange, NJ | $73,493,992 | $290,297,174 |
St Joseph Regional Health Network Reading, PA | $158,961,290 | $261,470,847 |
St Catherine Of Siena Medical Center Smithtown, NY | $195,571,732 | $280,926,875 |