Civic Intelligence

HR Physician Services

EIN 23-2696460 • 501(c)3 • Huntingdon Valley, PA

Profile

As a catholic health system, rooted in the tradition of the Sisters of the Holy Redeemer, we care, comfort and heal, following the example of Jesus, proclaiming the hope God offers in the midst of human struggle. To provide our patients a variety of health care services from primary care to emergency and diagnostic services.

1602 Huntingdon PikeHuntingdon Valley, PA 19046

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

99th percentile

2.65x

Higher debt load relative to assets than 99% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

92nd percentile

4.02x

Higher debt load relative to revenue than 92% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Net Margin

5th percentile

-46%

Higher net margin than 5% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

82nd percentile

$751,961

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Asset Growth

96th percentile

57%

Faster asset growth than 96% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

13th percentile

-13%

Faster revenue growth than 13% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Assets

Up

$79,139,280

Up $28,845,516 (+57%) from 2023

Liabilities

Up

$210,032,981

Up $53,076,332 (+34%) from 2023

Net Assets

Down

-$130,893,701

Down $24,230,816 (-23%) from 2023

Revenue

Down

$52,210,966

Down $7,770,757 (-13%) from 2023

Expenses

Up

$76,441,782

Up $4,519,113 (+6.3%) from 2023

Net Income

Down

-$24,230,816

Down $12,289,870 (-103%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300M$200M$100M$0-$100M-$200MAssets 2010: $11,331,814Liabilities 2010: $22,599,331Net Assets 2010: -$11,267,5172010Assets 2011: $13,472,713Liabilities 2011: $25,843,857Net Assets 2011: -$12,371,1442011Assets 2012: $14,401,424Liabilities 2012: $28,579,766Net Assets 2012: -$14,178,3422012Assets 2013: $17,805,525Liabilities 2013: $33,557,020Net Assets 2013: -$15,751,4952013Assets 2014: $27,060,943Liabilities 2014: $46,976,391Net Assets 2014: -$19,915,4482014Assets 2015: $38,159,311Liabilities 2015: $60,777,080Net Assets 2015: -$22,617,7692015Assets 2016: $25,214,833Liabilities 2016: $55,588,587Net Assets 2016: -$30,373,7542016Assets 2017: $31,923,212Liabilities 2017: $66,008,399Net Assets 2017: -$34,085,1872017Assets 2018: $50,167,836Liabilities 2018: $90,303,744Net Assets 2018: -$40,135,9082018Assets 2019: $48,407,527Liabilities 2019: $103,915,465Net Assets 2019: -$55,507,9382019Assets 2020: $64,413,952Liabilities 2020: $133,796,893Net Assets 2020: -$69,382,9412020Assets 2021: $97,551,934Liabilities 2021: $180,760,202Net Assets 2021: -$83,208,2682021Assets 2022: $112,304,176Liabilities 2022: $207,026,115Net Assets 2022: -$94,721,9392022Assets 2023: $50,293,764Liabilities 2023: $156,956,649Net Assets 2023: -$106,662,8852023Assets 2024: $79,139,280Liabilities 2024: $210,032,981Net Assets 2024: -$130,893,7012024

Highlighted filing

2024

Assets$79,139,280
Liabilities$210,032,981
Net Assets-$130,893,701

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100M$50M$0-$50MExpenses 2010: $24,513,1002010Revenue 2011: $24,420,051Expenses 2011: $25,523,677Net Income 2011: -$1,103,6262011Revenue 2012: $24,882,289Expenses 2012: $26,689,487Net Income 2012: -$1,807,1982012Expenses 2013: $31,256,8972013Revenue 2014: $32,110,164Expenses 2014: $36,274,117Net Income 2014: -$4,163,9532014Revenue 2015: $35,083,111Expenses 2015: $37,785,432Net Income 2015: -$2,702,3212015Revenue 2016: $38,761,595Expenses 2016: $46,517,580Net Income 2016: -$7,755,9852016Revenue 2017: $41,141,580Expenses 2017: $44,853,013Net Income 2017: -$3,711,4332017Revenue 2018: $40,552,770Expenses 2018: $47,027,295Net Income 2018: -$6,474,5252018Revenue 2019: $41,066,195Expenses 2019: $56,444,044Net Income 2019: -$15,377,8492019Revenue 2020: $48,001,879Expenses 2020: $61,883,263Net Income 2020: -$13,881,3842020Revenue 2021: $52,907,501Expenses 2021: $66,815,916Net Income 2021: -$13,908,4152021Revenue 2022: $55,779,551Expenses 2022: $67,293,222Net Income 2022: -$11,513,6712022Revenue 2023: $59,981,723Expenses 2023: $71,922,669Net Income 2023: -$11,940,9462023Revenue 2024: $52,210,966Expenses 2024: $76,441,782Net Income 2024: -$24,230,8162024

Highlighted filing

2024

Revenue$52,210,966
Expenses$76,441,782
Net Income-$24,230,816

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Summary only. Only limited summary data is available for this year.$79.1$210$131$52.2$76.4$24.2
2023Summary only. Only limited summary data is available for this year.$50.3$157$107$60.0$71.9$11.9
2022Summary only. Only limited summary data is available for this year.$112$207$94.7$55.8$67.3$11.5
2021Summary only. Only limited summary data is available for this year.$97.6$181$83.2$52.9$66.8$13.9
2020Summary only. Only limited summary data is available for this year.$64.4$134$69.4$48.0$61.9$13.9
2019Summary only. Only limited summary data is available for this year.$48.4$104$55.5$41.1$56.4$15.4
2018Summary only. Only limited summary data is available for this year.$50.2$90.3$40.1$40.6$47.0$6.47
2017Summary only. Only limited summary data is available for this year.$31.9$66.0$34.1$41.1$44.9$3.71
2016Summary only. Only limited summary data is available for this year.$25.2$55.6$30.4$38.8$46.5$7.76
2015Summary only. Only limited summary data is available for this year.$38.2$60.8$22.6$35.1$37.8$2.70
2014Summary only. Only limited summary data is available for this year.$27.1$47.0$19.9$32.1$36.3$4.16
2013Summary only. Only limited summary data is available for this year.$17.8$33.6$15.8$31.3
2012Summary only. Only limited summary data is available for this year.$14.4$28.6$14.2$24.9$26.7$1.81
2011Summary only. Only limited summary data is available for this year.$13.5$25.8$12.4$24.4$25.5$1.10
2010Summary only. Only limited summary data is available for this year.$11.3$22.6$11.3$24.5
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 14, 2025
Return Version
2023v6.0
Gross Receipts
$52,210,966
Mission and Program Overview

Mission

As a catholic health system, rooted in the tradition of the Sisters of the Holy Redeemer, we care, comfort and heal, following the example of Jesus, proclaiming the hope God offers in the midst of human struggle. To provide our patients a variety of health care services from primary care to emergency and diagnostic services.

From our pediatric urgicare and emergency department, which provide families with immediate care when they need it most, to specialties in women's health (maternity, breast care) to orthopedics and sports medicine, cancer care, heart care, and senior behavioral health, redeemer health seeks to care for the whole patient, through all life's stages. With an emphasis on prevention and early detection of diseases, redeemer health offers primary care in lower bucks county, montgomery county, and other parts of northeast philadelphia. Beyond diagnosing and treating common illnesses, the primary care doctors at redeemer health also serve as helpful patient advocates, referring to specialists once they've narrowed the potential cause of a health complication.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$10,754,148$8,948,469▼ $1,805,679
Accounts Receivable$3,228,272$3,340,278▲ $112,006
Other Notes and Loans Receivable, Net$3,249,848--
Prepaid Expenses and Deferred Charges$1,866,439$2,190,215▲ $323,776
Intangible Assets$694,035$619,563▼ $74,472
Cash and Non-Interest-Bearing Accounts$1,329,726$451,623▼ $878,103
Investments Other Securities$-2,128,893$-795,103▲ $1,333,790
Total Assets$50,293,764$79,139,280▲ $28,845,516
Other Assets Total$31,300,189$64,384,235▲ $33,084,046
Liabilities
Other Liabilities$150,806,511$201,908,595▲ $51,102,084
Accounts Payable and Accrued Expenses$4,612,284$6,673,352▲ $2,061,068
Mortgage Notes Payable Secured by Investment Property$1,093,748$1,086,962▼ $6,786
Tax Exempt Bond Liabilities$444,106$364,072▼ $80,034
Total Liabilities$156,956,649$210,032,981▲ $53,076,332
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-106,662,885$-130,893,701▼ $24,230,816
Total Net Assets Fund Balance$-106,662,885$-130,893,701▼ $24,230,816
Total Liabilities and Net Assets / Fund Balance$50,293,764$79,139,280▲ $28,845,516

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$6,328,555$6,342,032$12,670,587
Equipment$1,402,233$9,171,254$10,573,487
Buildings$1,217,681$5,739,179$6,956,860
Other Assets Org$476,903--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$453,584---$453,584
2022$378,139$29,340▲ $46,105-$453,584
2021$444,214$13,260▼ $79,335-$378,139
2020$344,296-▲ $101,062-$444,214
2019$316,503$3,000▲ $24,793-$344,296
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joel KramerPhysicianFT$578,820$116,344$695,164
Sheena JainPhysicianFT$485,547$15,131$500,678
William ScarlettPhysicianPT$406,093$80,164$486,257
Marian ThallnerVP, CAOPT$237,044$56,705$293,749
Donald F FrielAsst TreasurerPT$129,453$23,269$152,722
Michael B LaignBoard Member, President/cePT$122,440$12,643$135,083
Susan HurowitzVP Care TransitionsPT$122,045$7,782$129,827
Carl Rosenbaum MdSr. VP & Medical DirectorPT$106,236$11,160$117,396
Thomas HarrisSenior VP, General CounselPT$83,367$15,697$99,064
Cristina PeoplesCorporate SecretaryFT$73,555$18,791$92,346
Michael KeenAsst Treasurer/CFO-$70,375$8,491$78,866

Board Members and Trustees

NameTitle
Joseph RaggChairman
Anthony Coletta Md as of 524Board Member
Christopher MonaghanBoard Member
K Kultar SinghBoard Member
Marc CrespiBoard Member
Timothy Abell Until XxxxBoard Member
Tara Vesci MartinTreasurer, Sr Director of
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$52,236,199
Investment Income
$194,935
Other Revenue
$-220,168
Change in Net Assets
$-24,230,816
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$46,637,956
Other Expenses$29,803,826
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$37,427,912$5,060,064-$42,487,976
Fees for Services Other$8,166,962$39,876-$8,206,838
Insurance$2,295,779$5,296,083-$7,591,862
Payments to Affiliates$4,970,992$341,284-$5,312,276
Occupancy$1,002,635$1,594,864-$2,597,499
Payroll Taxes$2,434,196$90,903-$2,525,099
Depreciation Depletion$39,302$2,018,393-$2,057,695
Other Employee Benefits$1,566,383$58,498-$1,624,881
Information Technology$372,503--$372,503
All Other Expenses$205,031$127,755-$332,786
Office Expenses$179,582$66,052-$245,634
Conferences and Meetings$75,545$120,169-$195,714
Other Expenses$48,835$77,680-$126,515
Interest$57,882$21,845-$79,727
Travel$9,063$14,417-$23,480
Fees for Services Accounting-$15,237-$15,237
Advertising$2,738--$2,738
Fees for Services Legal-$200-$200
Total Functional Expenses$61,229,519$15,212,263$0$76,441,782
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliates$180,864,541
Operating Leases$14,592,815
Self Insurace$2,934,083
Pension Fund Payable$2,675,677
Deferred Rent$535,392
Capital Leases$306,087
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The sole member shall be holy redeemer health system (hrhs), a related pennsylvania corporation designated as a 501(c)(3) public charity by the internal revenue service.

Form 990, Part VI, Section A, Line 7A

Hrhs has the reserved power to appoint all voting directors to the board of directors of the filing organization.

Form 990, Part VI, Section A, Line 7B

Hrhs shall have additional reserved powers as outlined in the filing organization's bylaws, including but not limited to the authority to: amend or repeal the governing documents, ratify and/or remove the officers of the board of directors with or without cause, appoint and/or remove the president of the organization, and approve all board-approved annual consolidated operating and capital budgets of the organization.

Form 990, Part VI, Section B, Line 11B

The form 990 and all accompanying schedules (herein form 990) is prepared by an independent accounting firm and then a pdf is provided to management for review. The pdf is published on a secure internal website. Members and officers of the governing body are notified by email, and each are issued an individual access code to retrieve the form 990. They are given two weeks to review, question, and comment on the form 990 and then the return is filed with the internal revenue service.

Form 990, Part VI, Section B, Line 12C

All officers, directors and key employees are subject to the terms of the conflict of interest (coi) policy. The organization regularly and consistently monitors, and enforces compliance to the coi policy by requiring that all officers, directors and key employees annually review, acknowledge and sign a coi policy statement. The policy statement requires disclosure to the board of directors any interests that could give rise to a conflict. The independent board members are responsible for determining if a potential conflict is an actual conflict. If an actual conflict is identified the individual(s) in conflict shall recuse themselves from both the deliberation and vote on any conflicted matter, except for their ability to present factual evidence to the board as deemed necessary for the deliberation.

Form 990, Part VI, Section B, Line 15

The hrhs board of trustees, through the committee that oversees executive and physician compensation, periodically engages the services of gallagher, a consulting firm with expertise in health care executive compensation, to review the external market data. The market data provides comparable compensation levels based on geography, revenue size and other factors to determine a market range for each executive. The result of their findings are shared directly with the governance and leadership committee of the hrhs board of trustees. The deliberation and final decision are timely documented in the board and committee minutes. The process described here was last completed in 2024.

Form 990, Part VI, Section C, Line 19

The organization's financial statements, conflict of interest policy and governing documents are made available upon requests. Individuals making a request in person shall receive a copy immediately upon completing a formal request form; the form only asks the individual to identify themselves, provide their addresses and sign the form. All written requests (mail or email) from individuals, foundations or governing agencies are honored within 30 days of receipt. In addition, the hrhs consolidated financial statements are available on dac bonds quarterly report. Notice of the annual public meeting of the organization is advertised in local newspapers.

Filing and Contact Details

Filer

Filer Name
Hr Physician Services
EIN
23-2696460
Phone
2159473000
Address
521 MOREDON ROAD, HUNTINGDON VALLEY, PA 19006
Doing Business As
Hr Medical Hospitalists

Signing Officer

Name
Robert Tarola
Title
CFO
Phone
2159473000
Signed
2025-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gregory T Wozniak
Formed
1992
Legal Domicile
Pa
Voting Board Members
6
Independent Board Members
5
Employees
335
Volunteers
5

Preparer

Firm
Cliftonlarsonallen Llp
Address
150 S WARNER ROAD SUITE 310, KING OF PRUSSIA, PA 19406
Preparer
Frank Giardini
Phone
2156433900
Supplemental Narrative

Additional Explanations

Form 990, Part I, Item C

Dba: bott cancer center radiation oncology dba: comprehensive breast care surgeons dba: deeney and associates dba: doylestown health cardiology at huntingdon valley dba: emergency medicine dba: holland medical associates dba: holy redeemer family health center at cardone dba: holy redeemer family medicine dba: holy redeemer orthopedic surgery dba: holy redeemer physician and ambulatory services dba: holy redeemer surgical associates at meadowbrook dba: hospitalist iwa dba: house calls pa dba: hr medical hospitals dba: hr women's care of montgomery county dba: integrative women's health & gynecology dba: james w. Flanagan, md family medicine dba: kramer ob/gyn and associates dba: maternal fetal medicine dba: millenium ob/gyn dba: natural women's health dba: ob house physicians dba: occupational health dba: pedicino primary health assoc dba: peds hospitalist dba: peds urgi care/peds hospitalist dba: philmont guidance center dba: physical medicine and rehabilitation svcs/ dba: pre-admission testing dba: radiation oncology dba: redeemer cardiology dba: redeemer imaging dba: redeemer pathology dba: redeemer pulmonary services dba: somerton family medical associates dba: surgical assistant

Form 990, Part IX, Line 11G

Other professional fees: program service expenses 8,166,962. Management and general expenses 39,876. Total expenses 8,206,838.

Financial Statement Notes

PART V, LINE 4:

The endowment funds are intended to be used to support hrps's surgical program.

PART X, LINE 2:

The organization is a nonprofit corporation as described in section 501(c)(3) of the internal revenue code. The organization follows the guidance in the accounting standards regarding the recognition and measurement of uncertain tax positions. The guidance clarifies the accounting for uncertainty in income taxes recognized in an entity's financial statements. The guidance further prescribes recognition and measurement of tax provisions taken or expected to be taken on a tax return that are not certain to be realized. The application of this standard has no impact on the consolidated financial statements.

Raw XML AppendixShowing 400 of 1,264 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0FROM OUR PEDIATRIC URGICARE AND EMERGENCY DEPARTMENT, WHICH PROVIDE FAMILIES WITH IMMEDIATE CARE WHEN THEY NEED IT MOST, TO SPECIALTIES IN WOMEN'S HEALTH (MATERNITY, BREAST CARE) TO ORTHOPEDICS AND SPORTS MEDICINE, CANCER CARE, HEART CARE, AND SENIOR BEHAVIORAL HEALTH, REDEEMER HEALTH SEEKS TO CARE FOR THE WHOLE PATIENT, THROUGH ALL LIFE'S STAGES. WITH AN EMPHASIS ON PREVENTION AND EARLY DETECTION OF DISEASES, REDEEMER HEALTH OFFERS PRIMARY CARE IN LOWER BUCKS COUNTY, MONTGOMERY COUNTY, AND OTHER PARTS OF NORTHEAST PHILADELPHIA. BEYOND DIAGNOSING AND TREATING COMMON ILLNESSES, THE PRIMARY CARE DOCTORS AT REDEEMER HEALTH ALSO SERVE AS HELPFUL PATIENT ADVOCATES, REFERRING TO SPECIALISTS ONCE THEY'VE NARROWED THE POTENTIAL CAUSE OF A HEALTH COMPLICATION.
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IRS990/Desc0PROVIDE MEDICAL CARE SERVICES BY PHYSICIANS AND SPECIALISTS PRIMARILY IN THE FOLLOWING HEALTH CARE SERVICE AREAS: PRIMARY CARE, EMERGENCY CARE, SURGICAL CARE, OBSTETRICS, GYNECOLOGIC, CARDIOLOGY, PULMONARY, BREAST CANCER, RADIOLOGY, PATHOLOGY, OCCUPATIONAL HEALTH, DIAGNOSTIC AND IN-PATIENT CARE. VARIOUS JOINT VENTURES, AS WELL, IN THE AREAS OF ORTHOPEDIC AND SPINE SURGERY. IN FY2024, HR PHYSICIAN SERVICES SERVED 63,985 PATIENTS IN THE STATES OF PENNSYLVANIA AND NEW JERSEY, GENERATING APPROXIMATELY $40M IN NET PATIENT REVENUE.
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