Mount Nittany Medical Center Health Services Inc
- Assets
- $77.0m
- Revenue
- $122.0m
- Investments
- $0.0
- Employees
- 655
- Location
- State College, PA
- Founding
- 10/2008
- Data as of
- 06/2021
- EIN
- 51-0426500
Organization Overview
Mount Nittany Medical Center Health Services Inc, operating under the name Mount Nittany Physician Group, is located in State College, PA. The organization was established in 2008. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 06/2021, Mount Nittany Physician Group employed 655 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mount Nittany Physician Group 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, Mount Nittany Physician Group generated $122.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $87.4m during the year ending 06/2021. While expenses have increased by 4.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOP AND PROVIDE PROFESSIONAL SERVICES TO SUPPORT THE MISSION OF MOUNT NITTANY HEALTH SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MNMC HEALTH SERVICES INC. IS AN AFFILIATE OF MOUNT NITTANY HEALTH SYSTEM (HEALTH SYSTEM) WHICH INCLUDES AN ACUTE CARE HOSPITAL (MOUNT NITTANY MEDICAL CENTER), MOUNT NITTANY MEDICAL CENTER HEALTH SERVICES, INC., CENTRE COUNTY CHILDREN'S ADVOCACY CENTER, AND THE FOUNDATION FOR MOUNT NITTANY MEDICAL CENTER, INC. THE HEALTH SYSTEM IS A NOT-FOR-PROFIT CORPORATION ORGANIZED TO COORDINATE AND MANAGE THE INTEGRATION OF THE DELIVERY OF HEALTHCARE SERVICES AND PERFORM ACTIVITIES THAT BENEFIT ITS AFFILIATES. CONTINUED ON SCHEDULE O.MNMC HEALTH SERVICES INC. WAS CREATED TO PROVIDE CHARITABLE, SCIENTIFIC, AND EDUCATIONAL SERVICES AS DETERMINED BY THE CORPORATION'S BOARD OF DIRECTORS, BUT SUBJECT TO ANY RIGHTS AND POWERS THAT ARE RESERVED TO MOUNT NITTANY HEALTH SYSTEM TO EMPLOY AND CONTRACT WITH PHYSICIANS IN ORDER TO SUPPORT MOUNT NITTANY MEDICAL CENTER, FOR THE CHARITABLE, SCIENTIFIC, AND EDUCATIONAL PURPOSES IN ITS COORDINATION AND DELIVERY OF HEALTH CARE SERVICES TO THE COMMUNITY.MNMC HEALTH SERVICES, INC. SUPPORTS THE HEALTH SYSTEM BY EMPLOYING APPROXIMATELY 95 PHYSICIANS WHO PROVIDE A VARIETY OF PRIMARY AND SPECIALTY CARE SERVICES AT A GROWING NUMBER OF OFFICES THROUGHOUT CENTRAL PENNSYLVANIA. OUR STAFF IS BOARD-CERTIFIED OR BOARD ELIGIBLE AND GROWING, AND WE PRIDE OURSELVES IN WORKING WITH AREA PROVIDERS TO MAXIMIZE HEALTHCARE OPPORTUNITIES FOR THE PEOPLE OF THIS REGION.ONE OF MOUNT NITTANY HEALTH SYSTEM'S MAJOR GOALS IN FORMING THE MNMC HEALTH SERVICES INC. WAS TO PROVIDE QUALITY CARE AT CONVENIENT LOCATIONS IN CENTRAL PENNSYLVANIA - NOT JUST PRIMARY CARE, BUT CARE IN MORE THAN 20 ADVANCED SPECIALTY AREAS.CHARGES FOR SERVICES PROVIDED WERE COMPRISED OF:- 42.7% MEDICARE- 7.5% MEDICAID- 1.5% SELF-PAY - 48.3% OTHERMNMC HEALTH SERVICES PROVIDES PHYSICIAN HEALTH CARE SERVICES FOR RESIDENTS OF ITS PRIMARY SERVICE AREA, WHICH INCLUDES STATE COLLEGE AND SURROUNDING COMMUNITIES. CHARITY CARE WAS $441,531 FOR FYE 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Martin MD Physician | 40 | $827,814 | |
Brian Spencer DO Physician | 40 | $824,530 | |
Veeral Patel MD Physician | 40 | $766,096 | |
Christopher Jones MD Physician | 40 | $682,630 | |
Stephen Phillips DO Physician | 40 | $622,120 | |
Emily Peterson MD Chair | OfficerTrustee | 40 | $580,589 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tegria Services Group It Consulting Services | 6/29/21 | $244,050 |
Citiclean Janitorial Services Housekeeping Services | 6/29/21 | $162,168 |
Sean Weaver Housekeeping Services | 6/29/21 | $185,787 |
Call Solutions Llc Physician Call Services | 6/29/21 | $103,360 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $52,761,467 |
| Government grants | $6,206,361 |
| 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 | $58,967,828 |
| Total Program Service Revenue | $57,654,502 |
| Investment income | $1,915 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$216 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $122,027,068 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $2,323,485 |
| Compensation of current officers, directors, key employees. | $170,880 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $49,849,654 |
| Pension plan accruals and contributions | $2,772,209 |
| Other employee benefits | $5,411,548 |
| Payroll taxes | $2,595,519 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,261 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,696,710 |
| Advertising and promotion | $2,922 |
| Office expenses | $246,013 |
| Information technology | $41,561 |
| Royalties | $0 |
| Occupancy | $4,259,263 |
| Travel | $32,656 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $967 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,415,773 |
| Insurance | $1,293,739 |
| All other expenses | $283,696 |
| Total functional expenses | $87,429,435 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,376 |
| Savings and temporary cash investments | $38,198,090 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,902,074 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $241,980 |
| Prepaid expenses and deferred charges | $1,030,846 |
| Net Land, buildings, and equipment | $11,503,660 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,960,598 |
| Other assets | $18,107,868 |
| Total assets | $76,955,492 |
| Accounts payable and accrued expenses | $6,943,812 |
| 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 | $20,318,803 |
| Total liabilities | $27,262,615 |
| Net assets without donor restrictions | $49,692,877 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $76,955,492 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Mount Nittany Medical Center Health Services Inc has recieved totaling $52,761,467.
| Awarding Organization | Amount |
|---|---|
Mount Nittany Medical Center State College, PA PURPOSE: PROVIDE FINANCIAL SUPPORT TO AFFILIATE | $52,755,392 |
Foundation For Mount Nittany Medical Center State College, PA PURPOSE: PROVIDE FINANCIAL SUPPORT TO AFFILIATE | $6,075 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Josephs Health System Subordinate Group Return Paterson, NJ | $1,081,595,215 | $963,799,571 |
Hh Medstar Health Inc Columbia, MD | $303,491,180 | $865,504,764 |
University Hospitals Health System Inc Shaker Heights, OH | $6,082,138,000 | $960,105,000 |
Atlanticare Health System Inc Egg Harbor Township, NJ | $1,893,827,880 | $909,225,575 |
Aultman Health Foundation Group Return Canton, OH | $450,362,832 | $880,954,681 |
Geisinger System Services Danville, PA | $1,398,222,343 | $715,016,181 |
Bon Secours Charity Health System Affiliated Group Suffern, NY | $223,032,633 | $606,730,244 |
Highmark Health Pittsburgh, PA | $708,603,703 | $583,319,053 |
West Virginia University Medical Corporation Morgantown, WV | $212,648,584 | $571,153,959 |
Adena Health System Chillicothe, OH | $876,980,484 | $590,625,475 |
Hackensack Meridian Health Inc Edison, NJ | $279,460,343 | $549,822,020 |
The Johns Hopkins Health System Corporation Baltimore, MD | $2,298,014,981 | $561,406,992 |