Meadville Medical Center
- Assets
- $272.3m
- Revenue
- $237.3m
- Investments
- $5.5m
- Employees
- 1,622
- Location
- Meadville, PA
- Founding
- 07/1986
- Data as of
- 06/2021
- EIN
- 25-1512436
Organization Overview
Meadville Medical Center is located in Meadville, PA. The organization was established in 1986. 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, Meadville Medical Center employed 1,622 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Meadville Medical Center 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 06/2021, Meadville Medical Center generated $237.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $213.2m during the year ending 06/2021. While expenses have increased by 2.3% 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 2016, Meadville Medical Center has awarded 21 individual grants totaling $939,000. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
MMC PROVIDES THE HIGHEST QUALITY HEALTHCARE SERVICES, INCLUDING INPATIENT AND OUTPATIENT SURGERIES, ACUTE CARE, AND INTENSIVE CARE TO THE CRAWFORD COUNTY REGION.
Describe the Organization's Program Activity:
MMC PROVIDES ACUTE CARE SERVICES TO PATIENTS. AN ACUTE CARE SETTING IS AN INSTITUTION OR MEDICAL FACILITY PROVIDING PATIENTS WITH SHORT-TERM TREATMENT FOR AN ACUTE INJURY OR ILLNESS. ACUTE CARE FACILITIES ARE BENEFICIAL TO PATIENTS WITH ACUTE CONDITIONS BECAUSE THEY ARE ABLE TO FOCUS ON GIVING QUICK, EFFICIENT CARE TO THEIR PATIENTS. SEE SCHEDULE O FOR ADDITIONAL DETAILS.
MMC PROVIDES ONCOLOGY SERVICES AT THE YOLANDA G. BARCO ONCOLOGY INSTITUTE. A COMPREHENSIVE CANCER CARE PROGRAM, APPROVED BY THE AMERICAN COLLEGE OF SURGEONS, IS AVAILABLE IN MEADVILLE WITH THE LATEST TECHNOLOGY AND PHYSICIAN SPECIALISTS AVAILABLE. WE HAVE ACCESS TO RESEARCH AND THE MOST UP-TO-DATE TREATMENT PROTOCOLS. MEADVILLE MEDICAL CENTER IS A MEMBER OF THE ASSOCIATION FOR COMMUNITY CANCER CENTERS. WE BELIEVE THAT CANCER CARE IS BEST DELIVERED IN A COMMUNITY SETTING. SEE SCHEDULE O FOR ADDITIONAL DETAILS.
MMC PERFORMS BOTH INPATIENT AND OUTPATIENT SURGERY. THE SURGERY DEPARTMENT UTILIZES THE LATEST IN SURGICAL EQUIPMENT AND TECHNIQUES IN PROVIDING BOTH INPATIENT AND OUTPATIENT CARE. THE SURGICAL TEAM CONSISTS OF SPECIALLY TRAINED NURSES AND ANESTHETISTS, GENERAL AND SPECIALTY SURGEONS AND ANESTHESIOLOGISTS. THE MMC SURGEONS REPRESENT THE AREAS OF GENERAL SURGERY, PERIPHERAL VASCULAR SURGERY, OBSTETRICS AND GYNECOLOGY, OPHTHALMOLOGY, ORAL AND MAXILLOFACIAL SURGERY, ORTHOPEDICS, OTOLARYNGOLOGY, PLASTIC AND RECONSTRUCTIVE SURGERY, AND UROLOGY. SEE SCHEDULE O FOR ADDITIONAL DETAILS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hakeem Sam Physician | 40 | $755,234 | |
Philip Pandolph CEO | Officer | 40 | $729,236 |
Haibin Wang Physician | 40 | $701,948 | |
Jason Brown Physician | 40 | $646,497 | |
Brian Karlovits Physician | 40 | $619,147 | |
Calvin Han Physician | 40 | $613,930 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Medical Solutions Temp Med Staffing | 6/29/21 | $1,427,556 |
Associated Clinical Lab Clinical Lab | 6/29/21 | $3,371,386 |
Vitalant Lab Services | 6/29/21 | $1,436,201 |
Howe Contractors Inc Construction | 6/29/21 | $1,243,739 |
Emcare Medical | 6/29/21 | $2,675,489 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $177,249 |
| Government grants | $12,984,362 |
| All other contributions, gifts, grants, and similar amounts not included above | $48,363 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,209,974 |
| Total Program Service Revenue | $219,015,974 |
| Investment income | $1,038,160 |
| Tax Exempt Bond Proceeds | $1,437 |
| Royalties | $0 |
| Net Rental Income | $476,105 |
| Net Gain/Loss on Asset Sales | $2,264,277 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $237,330,493 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $293,791 |
| 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. | $2,449,247 |
| Compensation of current officers, directors, key employees. | $1,363,667 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $83,147,657 |
| Pension plan accruals and contributions | $6,077,048 |
| Other employee benefits | $17,416,556 |
| Payroll taxes | $5,488,283 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $184,862 |
| Fees for services: Accounting | $436,802 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $24,267,773 |
| Advertising and promotion | $0 |
| Office expenses | $12,282,381 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,816,043 |
| Travel | $122,227 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $204,077 |
| Interest | $6,530,765 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,964,025 |
| Insurance | $1,777,632 |
| All other expenses | $0 |
| Total functional expenses | $213,202,141 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $208,453 |
| Savings and temporary cash investments | $70,398,344 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,956,070 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,615,152 |
| Prepaid expenses and deferred charges | $2,325,738 |
| Net Land, buildings, and equipment | $69,374,817 |
| Investments—publicly traded securities | $29,191,498 |
| Investments—other securities | $5,474,117 |
| Investments—program-related | $16,005,366 |
| Intangible assets | $1,216,973 |
| Other assets | $55,535,035 |
| Total assets | $272,301,563 |
| Accounts payable and accrued expenses | $28,812,371 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $95,040,856 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $17,141,756 |
| Unsecured mortgages and notes payable | $5,957,703 |
| Other liabilities | $71,031,826 |
| Total liabilities | $217,984,512 |
| Net assets without donor restrictions | $43,683,152 |
| Net assets with donor restrictions | $10,633,899 |
| 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 | $272,301,563 |
Grants Awarded
Over the last fiscal year, Meadville Medical Center has awarded $252,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Meadville, PA PURPOSE: SUPPORT | $170,000 |
CITY OF MEADVILLE PURPOSE: SUPPORT | $75,000 |
St Louis, MO PURPOSE: SUPPORT | $7,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Meadville Medical Center has recieved totaling $24,705.
| Awarding Organization | Amount |
|---|---|
Crawford Heritage Community Foundation Meadville, PA PURPOSE: GENERAL SUPPORT | $24,705 |
Endowment Analysis
| Beg. Balance | $5,249,941 |
| Earnings | $211,487 |
| Ending Balance | $5,461,428 |
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 |