Civic Intelligence

Penn State Health

990T • Fiscal year 2021 • EIN 47-3769205

Jul 01, 2020 to Jun 30, 2021 • Filed on May 16, 2022

500 University Drive Mc H162Hershey, PA 17033

(717) 531-8477

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Balance Sheet

Assets

-

No earlier filing loaded for comparison.

Net Assets

-

No earlier filing loaded for comparison.

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses

Revenue

-

No earlier filing loaded for comparison.

Expenses

-

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0B$2.0B$1.0B$0-$1.0BAssets 2015: $113,548,000Liabilities 2015: $113,548,000Net Assets 2015: $02015Assets 2016: $143,035,273Liabilities 2016: $144,122,986Net Assets 2016: -$1,087,7132016Assets 2017: $171,488,148Liabilities 2017: $182,793,389Net Assets 2017: -$11,305,2412017Assets 2018: $418,101,541Liabilities 2018: $246,857,809Net Assets 2018: $171,243,7322018Assets 2019: $1,277,843,609Liabilities 2019: $1,224,188,437Net Assets 2019: $53,655,1722019Assets 2020: $2,010,298,637Liabilities 2020: $2,134,356,154Net Assets 2020: -$124,057,5172020Assets 2021: $1,838,675,424Liabilities 2021: $2,023,039,228Net Assets 2021: -$184,363,8042021Assets 2022: $1,585,838,588Liabilities 2022: $2,099,567,949Net Assets 2022: -$513,729,3612022Assets 2023: $1,460,460,820Liabilities 2023: $2,292,247,179Net Assets 2023: -$831,786,3592023Assets 2024: $1,637,318,794Liabilities 2024: $2,588,395,255Net Assets 2024: -$951,076,4612024

Latest loaded filing

2024

Assets$1,637,318,794
Liabilities$2,588,395,255
Net Assets-$951,076,461

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5B$1.0B$500M$0-$500MRevenue 2015: $0Expenses 2015: $0Net Income 2015: $02015Revenue 2016: $4,830,817Expenses 2016: $5,918,530Net Income 2016: -$1,087,7132016Revenue 2017: $4,686,680Expenses 2017: $17,774,984Net Income 2017: -$13,088,3042017Revenue 2018: $226,079,946Expenses 2018: $243,243,032Net Income 2018: -$17,163,0862018Revenue 2019: $301,760,919Expenses 2019: $428,422,773Net Income 2019: -$126,661,8542019Revenue 2020: $424,892,556Expenses 2020: $527,247,411Net Income 2020: -$102,354,8552020Revenue 2021: $534,372,914Expenses 2021: $612,082,108Net Income 2021: -$77,709,1942021Revenue 2022: $528,411,422Expenses 2022: $716,043,116Net Income 2022: -$187,631,6942022Revenue 2023: $601,230,428Expenses 2023: $881,341,749Net Income 2023: -$280,111,3212023Revenue 2024: $866,020,903Expenses 2024: $1,033,760,536Net Income 2024: -$167,739,6332024

Latest loaded filing

2024

Revenue$866,020,903
Expenses$1,033,760,536
Net Income-$167,739,633
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 16, 2022
Return Version
2020v1.3
Mission and Program Overview

Mission

To promote health through the management and/or support of facilities and other assets that provide health care services; to support, financially and operationally, the pennsylvania state university college of medicine; to support the pennsylvania state university in the performance of its duties as successor trustee of the milton s. Hershey medical center pursuant to that certain decree of the orphans court of dauphin county, pennsylvania dated december 17, 1968 (the mshmc trust); and to do all lawful acts incidental to the accomplishment of said charitable, educational, and scientific purposes.

Filing and Contact Details

Filer

Filer Name
Penn State Health
EIN
47-3769205
Phone
7175318477
Address
500 UNIVERSITY DRIVE MC H162, HERSHEY, PA 17033

Signing Officer

Name
Paula Tinch
Title
Evp & CFO
Phone
7175318477
Signed
2022-05-16
Discuss with paid preparer
Yes

Preparer

Firm
Grant Thornton Llp
Address
2001 MARKET STREET SUITE 700, PHILADELPHIA, PA 19103
Preparer
Russlee Armstrong
Phone
2155614200
Raw XML Appendix71 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.

Path#Value
IRS990T/BooksInCareOfDetail/PersonNm0STEPHEN MASSINI
IRS990T/BooksInCareOfDetail/PhoneNum08002431455
IRS990T/BooksInCareOfDetail/USAddress/AddressLine1Txt0500 UNIVERSITY DRIVE
IRS990T/BooksInCareOfDetail/USAddress/CityNm0HERSHEY
IRS990T/BooksInCareOfDetail/USAddress/StateAbbreviationCd0PA
IRS990T/BooksInCareOfDetail/USAddress/ZIPCd017033
IRS990T/BookValueAssetsEOYAmt01838675424
IRS990T/ChangeInMethodOfAccountingInd00
IRS990T/CharitableContributionsDedAmt00
IRS990T/ForeignAccountsQuestionInd00
IRS990T/ForeignTrustQuestionInd00
IRS990T/Form990TScheduleAAttachedCnt01
IRS990T/Organization501cCorporationInd0X
IRS990T/Organization501IndicatorGrp/Organization501cTypeTxt0c3
IRS990T/Organization501IndicatorGrp/Organization501Ind0X
IRS990T/OverpaymentSection/OverpaymentAmt012000
IRS990T/OverpaymentSection/RefundAmt012000
IRS990T/PaidTaxLiabilityAmt00
IRS990T/PriorYearOverpaymentCreditAmt012000
IRS990TScheduleA/NetOperatingLossDeductionAmt00
IRS990TScheduleA/PrincipalBusinessActivityCd0900099
IRS990TScheduleA/SequenceReferenceNum01
IRS990TScheduleA/SequenceTotalNum01
IRS990TScheduleA/TotalDeductionsAmt00
IRS990TScheduleA/TotNetUnrltTrdBusIncmAmt00
IRS990TScheduleA/TotUnrltTrdBusIncmAmt00
IRS990TScheduleA/TotUnrltTrdBusIncmExpnssAmt00
IRS990TScheduleA/TradeOrBusinessDesc0NO UBI ACTIVITY
IRS990TScheduleA/UBIBeforeNOLDedAmt00
IRS990T/SpecificDeductionAmt01000
IRS990T/SubsidiaryCorporationInd00
IRS990T/TaxableCorporationAmt00
IRS990T/TaxLessCreditsAmt00
IRS990T/TotalDeductionAmt01000
IRS990T/TotalPaymentsAmt012000
IRS990T/TotalTaxAmt00
IRS990T/TotalTaxComputationAmt00
IRS990T/TotalUBTIAmt00
IRS990T/TotalUBTIComputedAmt00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0PAULA TINCH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EVP & CFO
ReturnHeader/BusinessOfficerGrp/PhoneNum07175318477
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PENN STATE HEALTH
ReturnHeader/Filer/BusinessNameControlTxt0PENN
ReturnHeader/Filer/EIN0473769205
ReturnHeader/Filer/PhoneNum07175318477
ReturnHeader/Filer/USAddress/AddressLine1Txt0500 UNIVERSITY DRIVE MC H162
ReturnHeader/Filer/USAddress/CityNm0HERSHEY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd017033
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0366055558
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GRANT THORNTON LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02001 MARKET STREET SUITE 700
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PHILADELPHIA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd019103
ReturnHeader/PreparerPersonGrp/PhoneNum02155614200
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RUSSLEE ARMSTRONG
ReturnHeader/ReturnTs02022-05-16T18:38:30-05:00
ReturnHeader/ReturnTypeCd0990T
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0PAULA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0TINCH
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

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