Penn State Health

Nonprofit profile at a glance

EIN
473769205
IRS 990 coverage
2016–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024, Form 990-T 2024
Location
Hershey, PA, USA
Phone
7175318477
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Nonmonetary Support N.E.C.

Official website

Reported finances

Revenue
$856,562,700
Expenses
$1,150,521,859
Assets
$1,916,904,958
Liabilities
$3,196,040,117

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

34 people listed

Executive titles in this filing

  • MICHAEL KUPFERMAN (DIRECTOR/CEO)
  • STEPHEN MASSINI (DIRECTOR/CEO - PART YEAR)
  • NEELI BENDAPUDI (DIRECTOR (PSU PRESIDENT))
  • DEBORAH ADDO (PRESIDENT)
  • ROSS DARROW (VICE PRESIDENT, TREASURER)
  • KYLE SNYDER (DIRECTOR/PRESIDENT)

Highest reported compensation

  • STEPHEN MASSINI (DIRECTOR/CEO - PART YEAR): $3,235,216 total reported compensation
  • DEBORAH ADDO (PRESIDENT): $1,705,106 total reported compensation
  • NEELI BENDAPUDI (DIRECTOR (PSU PRESIDENT)): $1,616,202 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To continually improve the health and well-being of the people of Pennsylvania, and beyond. Our partnerships with referring providers are essential to our mission to improve the health of our patients in the central Pennsylvania region. Physician liaisons bridge the gap between referring physicians and the hospital and serve as a single point of contact for referring physicians to communicate with. Our physician liaisons are available to assist referring physicians with questions or concerns, facilitate effective communication with the hospital, and help you quickly resolve any issues. We assist with:.

What it reported doing in 2024

To promote, support, and further the Pennsylvania state university; to promote health through the management and/or support of facilities and other assets that provide health care services; to integrate community-based and academic medical center health care in order to achieve improved outcomes and limit the costs of care via improved efficiencies; 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, (continued in schedule o)

Operating model

Revenue model
Other-operating. 96% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 83
  • Transparency & Controls: 67
  • Accountability: 86
  • Sustainability: 26
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 81%; rating input score 81
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 17th percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: 60.1%; rating input score 60; 12th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 76.5%; rating input score 76; 25th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -34.3%; rating input score 2; 2nd percentile among comparable filings
  • Total-asset coverage ratio: 1.67; rating input score 57; 57th percentile among comparable filings
  • Liabilities to assets ratio: 1.67; rating input score 2; 2nd percentile among comparable filings
  • Officer compensation ratio: 1.4%; rating input score 67; 67th percentile among comparable filings

Growth

  • Program expense growth: 21.3% per year; rating input score 100; 93rd percentile among comparable filings
  • Revenue growth: 20.8% per year; rating input score 100; 94th percentile among comparable filings
  • Asset growth: 12.9% per year; rating input score 100; 81st percentile among comparable filings

Details

  • What they do: 1 operating location identified
  • Where the money goes: 100% of revenue deployed · 81% of spending went to programs
  • Governance: 13 of 17 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $931.6M in reported program spending
  • Leadership: top reported pay $3.2M · 34 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $32.3M reported
  • Consistency: 34 of 35 current checks pass · 1 finding to review
  • Schedules: 9 filed schedules · includes major donors, foreign activity, grants, and executive pay
  • Filing history: 9 filing years from 2016 to 2024
  • Contacts: How to reach this organization
  • Money network: 36 filed money-flow records
  • Related organizations: 34 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • High — Sustainability: Operating margin scored 2/100.
  • Review — Sustainability: Total-asset coverage ratio scored 57/100.
  • High — Sustainability: Liabilities to assets ratio scored 2/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.