Highmark Health
- Assets
- $3.8b
- Revenue
- $3.9b
- Investments
- $151.5k
- Employees
- 26,671
- Location
- Pittsburgh, PA
- Founding
- 03/2012
- Data as of
- 12/2019
- EIN
- 82-1406555
Organization Overview
Highmark Health is located in Pittsburgh, PA. The organization was established in 2012. As of 12/2019, Highmark Health employed 26,671 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes.
For the year ending 12/2019, Highmark Health generated $3.9b in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $3.8b during the year ending 12/2019. While expenses have increased by 7.9% 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.
Since 2017, Highmark Health has awarded 120 individual grants totaling $3,319,191. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE HEALTH & WELLNESS IN OUR COMMUNITIES BY PROVIDING SAFE, COMPASSIONATE, AFFORDABLE HEALTH CARE TO ALL WHO SEEK IT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ALLEGHENY HEALTH NETWORK (AHN) STRIVES TO PROVIDE HIGH QUALITY, AFFORDABLE HEALTHCARE TO THE COMMUNITIES WE SERVE. TO ACCOMPLISH THESE PROGRAM SERVICE OBJECTIVES, THE WEST PENN ALLEGHENY HEALTH SYSTEM EXISTS TO PROMOTE HEALTH AND WELLNESS FOR OUR PATIENTS AND OUR COMMUNITIES. SEE SCHEDULE O FOR ADDITIONAL DETAILS.
THE ALLEGHENY HEALTH NETWORK (AHN) STRIVES TO PROVIDE HIGH QUALITY, AFFORDABLE HEALTHCARE TO THE COMMUNITIES WE SERVE. TO ACCOMPLISH THESE PROGRAM SERVICE OBJECTIVES, THE SAINT VINCENT MEDICAL FAMILY EXISTS TO PROMOTE HEALTH AND WELLNESS FOR OUR PATIENTS AND OUR COMMUNITIES. SEE SCHEDULE O FOR ADDITIONAL DETAILS.
THE ALLEGHENY HEALTH NETWORK (AHN) STRIVES TO PROVIDE HIGH QUALITY, AFFORDABLE HEALTHCARE TO THE COMMUNITIES WE SERVE. TO ACCOMPLISH THESE PROGRAM SERVICE OBJECTIVES, JEFFERSON REGIONAL MEDICAL CENTER EXISTS TO PROMOTE HEALTH AND WELLNESS FOR OUR PATIENTS AND OUR COMMUNITIES. SEE SCHEDULE O FOR ADDITIONAL DETAILS.
OTHER PROGRAM SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Hundorfean Director & President | OfficerTrustee | 60 | $3,108,172 |
Edward Westrick MD Physician | 60 | $1,788,072 | |
James Benedict Director/coo | OfficerTrustee | 60 | $1,776,752 |
Daniel Altman MD Physician | 60 | $1,595,222 | |
Donald Whiting MD Director/chairman | OfficerTrustee | 60 | $1,490,510 |
Gregory Altman MD Physician | 60 | $1,485,172 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Massaro Corp Construction | 12/30/19 | $40,685,230 |
Ee Austin Son Inc Construction | 12/30/19 | $25,596,810 |
Gilbane Building Co Massaro Corp Construction | 12/30/19 | $57,677,402 |
Mbm Contracting Inc Construction | 12/30/19 | $35,552,439 |
Mascaro Construction Co Lp Construction | 12/30/19 | $14,818,717 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,925,970 |
| Related organizations | $2,016,401 |
| Government grants | $4,497,025 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,069,012 |
| Noncash contributions included in lines 1a–1f | $952,979 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,508,408 |
| Total Program Service Revenue | $3,737,184,630 |
| Investment income | $36,486,549 |
| Tax Exempt Bond Proceeds | $2,755,831 |
| Royalties | $0 |
| Net Rental Income | $7,855,087 |
| Net Gain/Loss on Asset Sales | $11,048,878 |
| Net Income from Fundraising Events | -$723,436 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,934,196,713 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $996,922 |
| Grants and other assistance to domestic individuals. | $142,250 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,278 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $44,377,800 |
| Compensation of current officers, directors, key employees. | $3,106,446 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,558,988,729 |
| Pension plan accruals and contributions | -$19,152,011 |
| Other employee benefits | $210,884,886 |
| Payroll taxes | $96,492,864 |
| Fees for services: Management | $3,359,084 |
| Fees for services: Legal | $1,356,821 |
| Fees for services: Accounting | $973,799 |
| Fees for services: Lobbying | $311,641 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,792,947 |
| Fees for services: Other | $279,571,464 |
| Advertising and promotion | $1,477,157 |
| Office expenses | $32,603,060 |
| Information technology | $29,062,205 |
| Royalties | $0 |
| Occupancy | $190,902,951 |
| Travel | $6,024,478 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,572,299 |
| Interest | $25,736,704 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $146,478,620 |
| Insurance | $26,769,963 |
| All other expenses | $86,637,217 |
| Total functional expenses | $3,849,234,820 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $429,074 |
| Savings and temporary cash investments | $171,756,184 |
| Pledges and grants receivable | $8,371,467 |
| Accounts receivable, net | $394,247,623 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,311,761 |
| Inventories for sale or use | $53,019,349 |
| Prepaid expenses and deferred charges | $46,402,927 |
| Net Land, buildings, and equipment | $1,399,440,606 |
| Investments—publicly traded securities | $374,680,231 |
| Investments—other securities | $151,526 |
| Investments—program-related | $0 |
| Intangible assets | $138,842,986 |
| Other assets | $1,201,118,809 |
| Total assets | $3,792,772,543 |
| Accounts payable and accrued expenses | $436,827,517 |
| Grants payable | $0 |
| Deferred revenue | $54,135,934 |
| Tax-exempt bond liabilities | $985,858,041 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,826,193 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $709,813,339 |
| Total liabilities | $2,189,461,024 |
| Net assets without donor restrictions | $1,264,475,481 |
| Net assets with donor restrictions | $338,836,038 |
| 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 | $3,792,772,543 |
Grants Awarded
Over the last fiscal year, Highmark Health has awarded $640,634 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
Dallas, TX PURPOSE: Program Support | $68,250 |
Pittsburgh, PA PURPOSE: Program Support | $55,000 |
Salt Lake City, UT PURPOSE: Program Support | $52,544 |
New York, NY PURPOSE: Program Support | $52,500 |
Westfield, NY PURPOSE: Program Support | $50,000 |
Pittsburgh, PA PURPOSE: Program Support | $42,000 |
Endowment Analysis
| Beg. Balance | $316,961,387 |
| Earnings | $45,810,701 |
| Admin Expense | $1,367,638 |
| Net Contributions | $11,208,765 |
| Other Expense | $15,995,604 |
| Ending Balance | $356,617,611 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Childrens Hospital And Physicians Healthcare Network Columbus, OH | $196,162,333 | $990,886,058 |
Miami Valley Hospital Dayton, OH | $1,540,725,759 | $1,204,039,189 |
Conference On Jewish Material Claims Against Germany New York, NY | $625,126,378 | $986,959,155 |
Community Behavorial Health Philadelphia, PA | $158,576,022 | $994,019,146 |
Memorial Sloan-Kettering Cancer Center New York, NY | $5,721,273,000 | $999,167,000 |
Pennsylvania Employees Benefit Harrisburg, PA | $872,478,824 | $1,128,204,377 |
United Technologies Corp Employees Benefit Plan Trust New York, NY | $27,907,084 | $1,000,938,728 |
Edward W Sparrow Hospital Association Lansing, MI | $1,474,682,154 | $1,000,419,453 |
Lahey Clinic Hospital Inc Burlington, MA | $257,027,660 | $1,088,662,930 |
Reading Hospital Reading, PA | $1,183,713,752 | $1,035,019,113 |
Howard University Washington, DC | $1,667,010,000 | $1,025,632,000 |
Elderserve Health Inc Bronx, NY | $219,261,791 | $943,724,186 |