Summa Health Group Return
- Assets
- $1.9b
- Revenue
- $1.4b
- Investments
- $0.0
- Employees
- 8,152
- Location
- Akron, OH
- Founding
- 05/2011
- Data as of
- 12/2021
- EIN
- 90-0640432
Organization Overview
Summa Health Group Return is located in Akron, OH. The organization was established in 2011. 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 12/2021, Summa Health Group Return employed 8,152 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Summa Health Group Return 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 12/2021, Summa Health Group Return generated $1.4b in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $1.4b during the year ending 12/2021. While expenses have increased by 4.7% per year over the past 7 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 2014, Summa Health Group Return has awarded 68 individual grants totaling $14,191,486. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF SUMMA HEALTH IS TO PROVIDE THE HIGHEST QUALITY, COMPASSIONATE CARE TO OUR PATIENTS AND TO CONTRIBUTE TO A HEALTHIER COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUTPATIENT SERVICES FOR 2021: SUMMA HEALTH SYSTEM, AND SUMMA PHYSICIANS, INC. DBA SUMMA HEALTH MEDICAL GROUP, PROVIDED OVER 1.9 MILLION OCCASIONS OF SERVICE, INCLUDING 136,836 EMERGENCY DEPARTMENT VISITS, 9,128 OBSERVATION PATIENTS, 15,980 SURGICAL OPERATIONS, AND OVER 1.7 MILLION OTHER OUTPATIENT VISITS.
INPATIENT SERVICES FOR 2021: SUMMA HEALTH SYSTEM HAD APPROXIMATELY 662 BEDS IN SERVICE, ADMITTED 34,852 ADULT PATIENTS, AND DELIVERED 4,545 NEWBORNS. THE ADULT PATIENTS RECEIVED 179,868 DAYS OF CARE, INPATIENT SURGERIES TOTALED 6,882, EMERGENCY ADMISSIONS TOTALED 25,636 AND THE AVERAGE LENGTH OF STAY WAS 5.16 DAYS.
RESEARCH/EDUCATION FOR 2021: SUMMA HEALTH HAS A HISTORY OF SPONSORING AND SUPPORTING BASIC AND CLINICAL RESEARCH TO UNDERSTAND DISEASES AND TREATMENT. CENTERS, PROGRAMS AND LABS FACILITATE RESEARCH IN A NUMBER OF MEDICAL FIELDS. SUMMA HEALTH FOSTERS A LEARNING ENVIRONMENT FOR THE NEXT GENERATION OF CAREGIVERS. AT SUMMA HEALTH'S HOSPITALS, APPROXIMATELY 270 MEDICAL SCHOOL GRADUATES TRAIN IN 14 ACCREDITED RESIDENCY PROGRAMS, EIGHT ACCREDITED FELLOWSHIP TRAINING PROGRAMS AND ONE NON-ACCREDITED FELLOWSHIP PROGRAM. SUMMA HEALTH PROVIDES CLINICAL LEARNING EXPERIENCES TO NEARLY 2,300 NURSING, MEDICAL, PHARMACY, EMERGENCY MEDICAL TECHNICIAN, PARAMEDIC, AND ALLIED HEALTH STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bradley Inkrott MD Clinical Physician - Shmg | 50 | $1,653,311 | |
Dane Donich MD Clinical Physician - Shmg | 50 | $1,396,528 | |
Samuel Borsellino MD Clinical Physician - Shmg | 50 | $1,298,361 | |
Eric Espinal MD Clinical Physician - Shmg | 50 | $1,149,495 | |
Derek Klaus MD Clinical Physician - Shmg | 50 | $1,129,493 | |
Peter Bittenbender MD Dir. Shs & Dir. Shmg, Physician | Trustee | 52 | $757,437 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,743,630 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,353,708 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,097,338 |
| Total Program Service Revenue | $1,356,457,546 |
| Investment income | $207,682 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$719,730 |
| Net Gain/Loss on Asset Sales | $719,220 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,396,622,299 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,212,281 |
| 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. | $4,964,968 |
| Compensation of current officers, directors, key employees. | $873,834 |
| Compensation to disqualified persons | $44,819 |
| Other salaries and wages | $499,876,418 |
| Pension plan accruals and contributions | $8,893,825 |
| Other employee benefits | $55,508,878 |
| Payroll taxes | $30,120,989 |
| Fees for services: Management | $2,954,732 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $268,172 |
| Fees for services: Lobbying | $8,060 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $104,311,493 |
| Advertising and promotion | $40,436 |
| Office expenses | $9,368,272 |
| Information technology | $1,149,284 |
| Royalties | $0 |
| Occupancy | $15,038,100 |
| Travel | $176,592 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,081,288 |
| Interest | $25,300,938 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $58,772,380 |
| Insurance | $10,491,078 |
| All other expenses | $14,080,007 |
| Total functional expenses | $1,384,761,934 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,494 |
| Savings and temporary cash investments | $5,177,105 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $174,777,799 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $491,685 |
| Inventories for sale or use | $22,206,564 |
| Prepaid expenses and deferred charges | $15,672,721 |
| Net Land, buildings, and equipment | $670,406,014 |
| Investments—publicly traded securities | $10,383 |
| Investments—other securities | $0 |
| Investments—program-related | $12,044,160 |
| Intangible assets | $2,228,740 |
| Other assets | $950,217,402 |
| Total assets | $1,853,324,067 |
| Accounts payable and accrued expenses | $66,524,567 |
| Grants payable | $0 |
| Deferred revenue | $667,411 |
| Tax-exempt bond liabilities | $570,032,271 |
| 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 | $719,058,469 |
| Total liabilities | $1,356,282,718 |
| Net assets without donor restrictions | $496,839,261 |
| Net assets with donor restrictions | $202,088 |
| 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 | $1,853,324,067 |
Grants Awarded
Over the last fiscal year, Summa Health Group Return has awarded $13,128,336 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
Akron, OH PURPOSE: FUND MANAGEMENT FOR PREVENTION, WELLNESS, ACCESS TO CARE AND HEALTH DISPARITIES | $12,842,550 |
Akron, OH PURPOSE: PREVENTION, WELLNESS, ACCESS TO CARE AND HEALTH DISPARITIES | $120,000 |
Akron, OH PURPOSE: PREVENTION, WELLNESS, ACCESS TO CARE AND HEALTH DISPARITIES | $50,000 |
Dallas, TX PURPOSE: PREVENTION, WELLNESS, ACCESS TO CARE AND HEALTH DISPARITIES, RESEARCH AND EDUCATION | $20,000 |
Akron, OH PURPOSE: PREVENTION, WELLNESS, ACCESS TO CARE AND HEALTH DISPARITIES | $15,000 |
Akron, OH PURPOSE: PREVENTION, WELLNESS, ACCESS TO CARE AND HEALTH DISPARITIES, CANCER WELLNESS SUPPORT | $15,000 |
Endowment Analysis
| Beg. Balance | $27,566,543 |
| Earnings | $772,888 |
| Net Contributions | $923,605 |
| Ending Balance | $29,263,036 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Parkview Health System Inc Fort Wayne, IN | $2,712,217,032 | $933,221,094 |
Bhsh System Grand Rapids, MI | $2,915,356,282 | $1,050,315,288 |
University Hospitals Health System Inc Shaker Heights, OH | $6,082,138,000 | $960,105,000 |
Aultman Health Foundation Group Return Canton, OH | $450,362,832 | $880,954,681 |
Mercy Health Partners Muskegon, MI | $816,487,004 | $692,908,897 |
Geisinger System Services Danville, PA | $1,398,222,343 | $715,016,181 |
Appalachian Regional Healthcare Inc Lexington, KY | $1,267,201,787 | $817,287,479 |
Highmark Health Pittsburgh, PA | $708,603,703 | $583,319,053 |
West Virginia University Medical Corporation Morgantown, WV | $212,648,584 | $571,153,959 |
Owensboro Health Regional Hospital Owensboro, KY | $1,685,340,581 | $709,904,993 |
Adena Health System Chillicothe, OH | $876,980,484 | $590,625,475 |
Indiana University Health Arnett Inc Indianapolis, IN | $319,820,511 | $504,048,288 |