Upmc Pinnacle FY2023 filing

Tax-deductible

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

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

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
$4.8M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
Is it a real charity?
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
Are gifts tax-deductible?
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Is it filing on time?
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 years looks good.
IRS e-file · Filing history
Is it financially stable?
2 of 4
years in the black
Worth a look: 2 of the last 4 filings show a deficit.
Pt I · Ln 19 · 4 filings
How much reaches the programs?
77%
of spending
Looks good: 77% of spending went to programs; 75% or more looks good.
Pt IX · Ln 25 · col B
What are leaders paid?
$4.8M
to officers and key staff · 2% of spending
Looks good: leaders' pay is 2% of spending; 15% or less looks good.
Pt VII · Sec A
Do they have reserves?
<1 mo
of spending, in cash
Concern: 0.8 months of spending in cash; under 1 is a concern.
Pt X · Ln 1–2 · Pt I · Ln 18
Who is supporting them already?
2
named funders · $832K
Worth a look: 2 funders name it on their filings; under 3 is worth a look.
Funders’ Sch. I, 990-PF
Do they carry debt?
$280.2M
liabilities
Looks good: debts are 46% of assets; 50% or less looks good.
Pt X · Ln 26
Who oversees it?
14
independent of 17 voting board members
Looks good: 14 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodWorth a lookConcernTap a box for the reason.
Revenue
$201.7M
+7% vs prior year
Spent
$201.7M
To programs
77%
Net assets
$334.0M
By yearFY2021–FY2024
Revenue
$201.7M
FY2023▲ +7%
Revenue by fiscal year
FY2021$173.0M
FY2022$187.9M
FY2023$201.7M
FY2024$230.0M
Expenses
$201.7M
FY2023▲ +7%
Expenses by fiscal year
FY2021$170.4M
FY2022$188.5M
FY2023$201.7M
FY2024$228.8M
Net assets
$334.0M
FY2023▲ +15%
Net assets by fiscal year
FY2021$351.6M
FY2022$289.8M
FY2023$334.0M
FY2024$261.5M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Last filed FY2024 — 3 yrs ago
Legal name (IRS)Hdr · item CUpmc Pinnacle
EINHdr · item D25-1778658
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFJan 1983
Year of formationHdr · item L1995
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CPittsburgh, PA
NTEE classificationIRS BMFHospitals (E220)

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.77 Management & general $0.23
Program services77%$154.4M
Management & general23%$47.3M
Total functional expensesLn 25$201.7M

Financial health

Is it on solid ground?

Net inflow
>-0.01%
revenue over expenses, this year
Pass-through gifts
0.1%
of revenue from contributions
Program spending
77%
of expenses reach stated programs

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$614.1M
FY2023▲ +10%
Total assets by fiscal year
FY2021$643.8M
FY2022$558.2M
FY2023$614.1M
FY2024$291.6M
Total liabilities
$280.2M
FY2023▲ +4%
Total liabilities by fiscal year
FY2021$292.2M
FY2022$268.4M
FY2023$280.2M
FY2024$30.1M
Revenue less expensesPt I · Ln 19−$19K
Total assetsPt X · Ln 16$614.1M
Program-expense ratioPt IX · col B77%
Voting members of governing bodyPt I · Ln 317
Independent voting membersPt I · Ln 414

Balance Sheet

Part X · end of year
CashLn 1$14.2M
Total assetsLn 16$614.1M
Total liabilitiesLn 26$280.2M
Total net assetsLn 32$334.0M
Months of cash on handcomputed0.8

Statement of Revenue

Part VIII
Program service revenue$194.6M · 96%
Other revenue$6.8M · 3%
Program service revenue96%$194.6M
Other revenue3%$6.8M
Contributions & grants$224K
Investment income$43K
— government grantsLn 1e$15K
Total revenueLn 12$201.7M

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $42.3M · Operating expenses/yr $201.7M
2.5 months
Where the money goes
Program services
Program services $154.4M · Total expenses $201.7M
77%
Management & General
Management & general $47.3M · Total expenses $201.7M
23%
Fundraising
Fundraising $0 · Total expenses $201.7M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $284K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $224K · Total revenue $201.7M
0.1%
Government reliance
Government grants $15K · Total revenue $201.7M
<0.01%
Earned-income share
Program service revenue $194.6M · Total revenue $201.7M
96%
Investment reliance
Investment income $43K · Total revenue $201.7M
+0.02%
Program self-sufficiency
Program service revenue $194.6M · Total expenses $201.7M
96%
Growth & trend
Revenue growth (YoY)
This year $201.7M · Prior year $187.9M
+7%
Net-asset trend (YoY)
End of year $334.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $201.7M · Expenses $201.7M
>-0.01%
Liabilities-to-Assets
Total liabilities — · Total assets $614.1M
—
Net-asset ratio
Net assets $334.0M · Total assets $614.1M
54%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $28.1M · Total assets (Pt X, ln 16) $614.1M
5%
People & payroll
Highest Reported Total Compensation
Individual Philip W Guarneschelli · Reported title President & CEO (R 9/22) · Highest reported compensation $1.5M · Total expenses $201.7M
0.7%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $107.1M · Total expenses $201.7M
53%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 77%——
Overhead ratio 23%——
Fundraising cost ratio 0%——
Revenue growth 7%——
Legal fee ratio 0.4%——
Accounting fee ratio 0.2%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President & CEO (r 9/22)
$1,474,461Pt VII · Sec A
President & COO
$874,462Pt VII · Sec A
VP & Chief Medical Info Officer
$546,561Pt VII · Sec A
VP Medical Affairs
$543,065Pt VII · Sec A
VP, Facilities & Support
$450,984Pt VII · Sec A
VP, Peds Srv Line
$399,863Pt VII · Sec A
VP, Oncology Services
$329,920Pt VII · Sec A
Assistant Treasurer
$194,961Pt 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.

See Upmc Pinnacle executive salaries →

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Governance & Policies

Part VI
  • 17Voting board membersPt VI · Ln 1a
  • 14Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

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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Mission & Programs · Part III

Where the work happens

1 program service account for $154.4M of program spending, described in the organization's own filed words · FY2022.
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).

$154.4Mprogram 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 →

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest $230.0M$228.8M+14% 990 PDF
FY2023 Viewing $201.7M$201.7M+7% 990 PDF
FY2022 $187.9M$188.5M+9% 990 PDF
FY2021 $173.0M$170.4M 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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