Upmc
- Assets
- $122.3m
- Revenue
- $105.9m
- Investments
- $0.0
- Employees
- 1,098
- Location
- Pittsburgh, PA
- Founding
- 01/1983
- Data as of
- 06/2018
- EIN
- 25-0965406
Organization Overview
Upmc is located in Pittsburgh, PA. The organization was established in 1983. 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 06/2018, Upmc employed 1,098 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Upmc 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 06/2018, Upmc generated $105.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (23.1%) each year. All expenses for the organization totaled $114.8m during the year ending 06/2018. As we would expect to see with falling revenues, expenses have declined by (21.4%) per year over the past 4 years. 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A CONTINUUM OF QUALITY HEALTH AND HUMAN SERVICES TO ALL INDIVIDUALS IN NEED WHO RESIDE WITHING OUR AREA REGARDLESS OF THEIR ABILITY TO PAY FOR AVAILABLE HEALTH SERVICES.
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 |
|---|---|---|---|
Steven Hand MD Physician | 40 | $522,056 | |
Angel Toca MD Physician | 40 | $329,601 | |
Bienvenido Ong MD Physician | 40 | $327,848 | |
Kenneth Molinero MD Physician | 40 | $288,894 | |
Majed Sarouf Maalouf MD Physician | 40 | $247,463 | |
Jay Bruce Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mohamed K Tejpar Md Physician Services | 6/29/18 | $110,000 |
Global Reimbursement Colsultants Ll Patient Collections | 6/29/18 | $116,539 |
Quest Diagnostics Laboratory Services | 6/29/18 | $1,404,604 |
Access Information Holdings Llc Sortage Service | 6/29/18 | $128,307 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $274,388 |
| Investment income | $49,771 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$399,316 |
| Net Income from Fundraising Events | -$13,681 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $105,892,952 |
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $45,591,438 |
| Pension plan accruals and contributions | $687,371 |
| Other employee benefits | $5,723,819 |
| Payroll taxes | $2,624,105 |
| Fees for services: Management | -$37,650 |
| Fees for services: Legal | $62,147 |
| 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 | $1,572,547 |
| Advertising and promotion | $127,929 |
| Office expenses | $1,043,203 |
| Information technology | $1,174,535 |
| Royalties | $0 |
| Occupancy | $2,665,622 |
| Travel | $133,477 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,941 |
| Interest | $0 |
| Payments to affiliates | $9,879 |
| Depreciation, depletion, and amortization | $3,724,759 |
| Insurance | $1,529,614 |
| All other expenses | $0 |
| Total functional expenses | $114,775,039 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $9,309 |
| Pledges and grants receivable | $520,000 |
| Accounts receivable, net | $12,403,656 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $552,430 |
| Prepaid expenses and deferred charges | $43,081 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $36,668,914 |
| Other assets | $41,975,331 |
| Total assets | $122,342,039 |
| Accounts payable and accrued expenses | $3,557,118 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,928,237 |
| Total liabilities | $5,485,355 |
| Net assets without donor restrictions | $114,585,467 |
| Net assets with donor restrictions | $1,167,006 |
| Capital stock or trust principal, or current funds | $1,104,211 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $116,856,684 |
Endowment Analysis
| Other Expense | $93,469 |
| Ending Balance | -$93,469 |
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 |