Upmc Pinnacle FY2022 filing

Tax-deductible

Pittsburgh, PA501(c)(3)Since 1995HospitalsEIN 25-1778658

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Provide management and consultative services to affiliated tax-exempt entities.

501(c)(3) charity; gifts are tax-deductible.
72¢ of each $1 spent went to programs.
$6.4M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average surplus $776K a year · under 1% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$6.4M
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $832K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$268.4M
48% of total assets
Looks good: liabilities are 48% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 14 voting members
Looks good: 11 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$187.9M
+9% vs prior year
Spent
$188.5M
To programs
72%
Net assets
$289.8M
By yearFY2021–FY2024
Revenue
$187.9M
FY2022▲ +9%
Revenue by fiscal year
FY2021$173.0M
FY2022$187.9M
FY2023$201.7M
FY2024$230.0M
Expenses
$188.5M
FY2022▲ +11%
Expenses by fiscal year
FY2021$170.4M
FY2022$188.5M
FY2023$201.7M
FY2024$228.8M
Net assets
$289.8M
FY2022▼ -18%
Net assets by fiscal year
FY2021$351.6M
FY2022$289.8M
FY2023$334.0M
FY2024$261.5M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1983.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $135.0M Management & general 28% · $53.5M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

28 people listed on the 990; $6.4M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
President & CEO
$1,391,435Pt VII · Sec A
COO & President, Central Region
$651,414Pt VII · Sec A
FMR Pres. Dauphin Reg.
$541,202Pt VII · Sec A
VP & Chief Medical Info Officer
$540,962Pt VII · Sec A
Treasurer/VP & CFO
$510,631Pt VII · Sec A
FMR Chief Medical Off. (r 11/20)
$501,530Pt VII · Sec A
VP Medical Affairs
$499,507Pt VII · Sec A
VP, Managed Care
$457,393Pt VII · Sec A

Philip W Guarneschelli’s $1.1M as FMR President & CEO (r 9/22) is at the 58th percentile of top reported officer pay among 1747 $100M+ health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
Philip W Guarneschelli—$1,474,461——
Philip Guarneschelli——$1,391,435$1,397,279
Philip W Guarneschelli$1,128,095———
William H Pugh———$928,709
Louis Baverso—$874,462——
Louis Baverso$785,603—$651,414—
James Raczek——$501,530$700,143
Christian Caicedo——$541,202$639,092

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Provides healthcare management services and operates a network of hospitals, outpatient clinics, urgent care centers, and rehabilitation facilities across central Pennsylvania.

Provided by the organization

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1 program service account for $135.0M of program spending, described in the organization's own filed words · FY2021.
01

Upmc pinnacle engages in and conducts charitable, educational, and scientific activities through the support and benefit of pinnacle health foundation, and provides management and consultative services to affiliated entities that qualify for federal income tax exemption under code section 501(C)(3).UPMC pinnacle dedicates itself to the…

$135.0Mprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 2 funders$832K
Grants paid · 61 grants · $1.3M · 2020–2023
Harrisburg Regional ChamberPA · FY2023$41,355
On-Line Publishers INCFY2023$32,380
Strawberry Square Condominium AssociationFY2023$30,000
Hershey Dtc LPFY2023$25,000
Witf INCPA · FY2023$19,500
Upmc Pinnacle FoundationPA · FY2023$12,690
Leadership CarlislePA · FY2023$10,000
Main Street York INCPA · FY2023$7,500
See all 61 grants →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$187.9M
Ln 12
Fees for servicesLn 2g$177.5M
Other incomeLn 4–11$10.1M
Gifts and grantsLn 1h$306K
Money outPt IX
$188.5M
Ln 25
Programscol B$135.0M
Managementcol C$53.5M
Owns and owesPt X
$289.8M
net assets · Ln 32
Cash and savingsLn 1–2$46.4M
Total assetsLn 16$558.2M
LiabilitiesLn 26$268.4M
PeoplePt VI, VII
28
listed · VII A
PaidVII A13
Voting boardVI 1a14
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$306K
Government grantsLn 1e$255K
Fees for servicesLn 2g$177.5M
Investment incomeLn 3$38K
Other incomeLn 4–11$10.1M
Gains on assetsLn 7$2K
Total revenueLn 12$187.9M
Assets in detailPt X, end of year
SavingsLn 2$46.4M
Cash and savings togetherLn 1–2$46.4M
InvestmentsLn 11–13−$173.1M
Land, buildings, equipmentLn 10c$2.9M
Other assetsLn 15$249.9M
Total assetsLn 16$558.2M
LiabilitiesLn 26$268.4M
Net assetsLn 32$289.8M
OperationsPt I, VI
EmployeesI 5730
VolunteersI 612
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$37.6M$46.4M
InvestmentsLn 11–13−$178.5M−$173.1M
Land, buildings, equipmentLn 10c$1.5M$2.9M
Total assetsLn 16$643.8M$558.2M
LiabilitiesLn 26$292.2M$268.4M
Net assetsLn 32$351.6M$289.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$6K$6K
Pay of current officers, directors and key staffLn 5$2.5M$2.5M
Pay of disqualified personsLn 6$2.4M$2.4M
Other salaries and wagesLn 7$73.2M$58.4M$14.9M
Pension plan contributionsLn 8$3.5M$2.8M$715K
Other employee benefitsLn 9$17.1M$13.6M$3.5M
Payroll taxesLn 10$4.8M$3.8M$969K
Management feesLn 11a$199$199
Legal feesLn 11b$658K$658K
Accounting feesLn 11c$283K$283K
Lobbying feesLn 11d$28K$28K
Other fees for servicesLn 11g$13.2M$13.2M
Advertising and promotionLn 12$512K$512K
Office expensesLn 13$13.4M$8.3M$5.1M
Information technologyLn 14$16.7M$12.5M$4.2M
OccupancyLn 16$3.9M$2.9M$941K
TravelLn 17$498K$467K$31K
Conferences, conventions and meetingsLn 19$13K$13K
Depreciation, depletion and amortizationLn 22$585K$443K$142K
InsuranceLn 23$19.8M$17.2M$2.5M
Other expenses (24a–d)Ln 24$13.4M$12.1M$1.3M
All other expensesLn 24e$2.2M$1.9M$229K
Total functional expensesLn 25$188.5M$135.0M$53.5M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $230.0M$228.8M$1.2M$261.5M 990 PDF
FY2023 $201.7M$201.7M−$19K$334.0M 990 PDF
FY2022 Viewing $187.9M$188.5M−$558K$289.8M 990 PDF
FY2021 $173.0M$170.4M$2.5M$351.6M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $187,946,336 across 8 lines filed
Lines not itemized here account for $61,408 of total revenue; see the IRS return.
VIII-1d Related organizations$50,756
VIII-1e Government grants$254,946
VIII-1h Total contributions, gifts and grants$305,702
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $177,493,354$177,493,354
VIII-3 Investment incomeExcluded from tax $35,135$35,135
VIII-7 Net gain or loss on sales of assetsExcluded from tax $2,400$2,400
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $10,048,337$10,048,337
VIII-12 Total revenueRelated to mission $177,493,354 · Unrelated business $0 · Excluded from tax $10,147,280$187,946,336
Part IX · Statement of functional expenses $188,504,414 across 22 lines filed
IX-1 Grants to domestic organizationsPrograms $5,688$5,688
IX-5 Pay of current officers, directors and key staffManagement $2,468,302$2,468,302
IX-6 Pay of disqualified personsManagement $2,368,286$2,368,286
IX-7 Other salaries and wagesPrograms $58,356,763 · Management $14,885,855$73,242,618
IX-8 Pension plan contributionsPrograms $2,803,737 · Management $715,188$3,518,925
IX-9 Other employee benefitsPrograms $13,615,408 · Management $3,473,068$17,088,476
IX-10 Payroll taxesPrograms $3,799,972 · Management $969,311$4,769,283
IX-11a Management feesManagement $199$199
IX-11b Legal feesManagement $657,928$657,928
IX-11c Accounting feesManagement $282,625$282,625
IX-11d Lobbying feesManagement $27,807$27,807
IX-11g Other fees for servicesManagement $13,235,076$13,235,076
IX-12 Advertising and promotionPrograms $511,539$511,539
IX-13 Office expensesPrograms $8,252,307 · Management $5,144,294$13,396,601
IX-14 Information technologyPrograms $12,496,320 · Management $4,165,440$16,661,760
IX-16 OccupancyPrograms $2,932,935 · Management $941,484$3,874,419
IX-17 TravelPrograms $466,772 · Management $31,384$498,156
IX-19 Conferences, conventions and meetingsPrograms $12,505$12,505
IX-22 Depreciation, depletion and amortizationPrograms $442,645 · Management $142,091$584,736
IX-23 InsurancePrograms $17,228,616 · Management $2,528,971$19,757,587
IX-24 Other expenses (24a–d)Programs $12,089,760 · Management $1,278,346$13,368,106
IX-24e All other expensesPrograms $1,945,286 · Management $228,506$2,173,792
IX-25 Total functional expensesPrograms $134,960,253 · Management $53,544,161 · Fundraising $0$188,504,414
Part X · Balance sheet $558,199,108 assets, 15 lines filed
Asset lines not itemized here account for $424,733,246; see the IRS return.
X-2 Savings and temporary cash investmentsStart of year $37,642,404$46,370,549
X-4 Accounts receivableStart of year $12,722,396$3,518,737
X-9 Prepaid expenses and deferred chargesStart of year $6,075,925$3,878,110
X-10c Land, buildings and equipment, netStart of year $1,526,223$2,930,926
X-12 Other securitiesStart of year $12,804,444$27,857,436
X-13 Program-related investmentsStart of year −$191,318,675−$200,946,565
X-15 Other assetsStart of year $258,119,355$249,856,669
X-16 Total assetsStart of year $643,774,575$558,199,108
X-17 Accounts payable and accrued expensesStart of year $43,081,315$36,398,990
X-19 Deferred revenueStart of year $8,674,570$0
X-25 Other liabilitiesStart of year $240,429,222$231,968,792
X-26 Total liabilitiesStart of year $292,185,107$268,367,782
X-27 Net assets without donor restrictionsStart of year $351,589,468$289,831,326
X-32 Total net assets or fund balancesStart of year $351,589,468$289,831,326
X-33 Total liabilities and net assetsStart of year $643,774,575$558,199,108
Part XI · Reconciliation of net assets $289,831,326 net assets at year end
XI-1 Total revenue$187,946,336
XI-2 Total expenses$188,504,414
XI-3 Revenue less expenses−$558,078
XI-4 Net assets at start of year$351,589,468
XI-9 Other changes in net assets−$61,200,064
XI-10 Net assets at end of year$289,831,326

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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